New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-01-01
CHARTER CHARTER
UNITED STATES OF AMERICA
STATE or LOUISIANA
CHARTER
CITY OF NEW ORLEANS.

Be it known that on this eighth day of De.
cember in the year of Lord thousand eli CHIT
hundred and seventy-three, and of the indepen
dence Of the United States of America the ninety
eighth. before me, James Fahey, notary public in
and for the city of New Orleans and tn, parish of
Orleans, in the State of Louisiana aforesaid duly
commissioned and sworn. and in the presence Of
the wi neSses hereinafter named aud undersigned
personally came and appeared the several parties
whose names are hereuntO subscribed, who de.
clared that, availing .hemse of the statutes
OF the State of Louisiana in such case made and
provided. relative to the organization OF corpora
tions in this State, they have Gov nanted greed
and stipul4ted and by these presents do covenant
agree ard stiDulate, and bud themselves estab
sh corporate on for the ohje OTIS and purposes and
under the stipulatons obligations and regulations
following, to wit
ARTICLE /.
The name and title of said corporation shall be
the DELACHAIsE BRICK COMPANY and its dom,
CT is hereby xed in the city of New Orleans in
this State of Louisiana It cha exist for the pc
rod of twenty-five years from the date Of the re-
city, and for and during such time it shall have
ana ENJOY all powers and privileges belongi e or
in any wise apPe1ta1n'ng to Co pora.ione and pro
vidtd BY law. The pre- sideut aud in his ,sence
the treasurer of said corporation, shall be the
proper officer whom all citations, or other legal
process shall be served.
ARTICLE II.
The objects and puIpos es of said corporation.
and the nature of the business to be carried on by
tue same, Gre hereby declared to be he m pufac-
tire and sale of bricks, tiles and building mater-
fuel wood, coal, lumber, lime. sand, cement. and
ali such other n alters and thing az shall apper.
tain or be in any wise incidental thereto.
ARTICLE III.
The capital stock Of id corporation shall be
and is hereby Fl xed at the sum Of thi ty Thousand
dollars divided into three bundled shares of one
hundr. d do lars each, of which two hundred and
f,y-four shares are fun paid and the main
forty six shares shall be reserved by the corpora
ton and disposed of by the Board of Directors
thereof, in such manner as they may deem most
a. vantage-us to the interests of the Company,
but not However, for less than par value The
capital stock o. said company may Do increased to
one hundred thousand dollars by a vote of two
thirds Of the stock no ders in amount, in which
event the original stockholders shall have the
privilege of subscribing TO such incre of stock
The said increase IF stock shall be D id for in
United STATES currency, in nstallmsnts of twenty
i've per cent in Cash at the time of subscribing,
aud the balance TO be paid IN such and at
such periods the Board of Directors sh All deem
proper provided that no call shall be made at any
one time Tor more than twenty per cent of the
ARTICLE w.
be vested in and exercised bv Board OF Direc-
tors and such officers and emp es HIS they nav
appoint. The Board Of Directors SHAH consist Of
five members of this company, three of whom
shall c. n-titute q quorum who, after the expn a.
tion of the term Of office Of the present board
hereinafter named, shall be elected by ballot the
second Monday in January OF each year. at the
office of said corpora ion of which election the
Board Of Directors shall give at least t. days
city of New Orleans And the Board OF Directors
shall appoint three stockholders preside at such
siec Ons and in the event of their failure to at
tend the president shall appoint other persons to
fiji the vacancies. And any failure from any cause
whatever to elect directors on the dav named for
that purpose shall not dissolve this corporation
but the dr ctors thel in oft well the presi
dent, treasurer and all other officers shall hold
until their successors are elected and quail.
fed Zach and every director shall be reuuired to
hold, in his own right, on the cay of election and
during his term OF office at least ten shares of the
lvDf<h
OF no election taking pl zee on The date herein be
fore mentioned, the president shall another
election to be held thin thirty days thereafter
and give notice thers of herein before pro vided
for.
ARTICLE
The Board of Directors thus elected shall assume
their duties on the day following their election.
and shall hod their offces until their succe ssors
are duly elected. Those stockho ders r, ceiving a
ton shall be considered and declared duly elected.
The aid of Directors shall elect from among
themselves a president and a treasurer The
Board of Directors shall have full authority
to fiji vacancies in their number fr m ami g
I he stockholders Of the company. And the
said beard is hereby II vested with full over
10 frame and adopt such byl VS., rules and
Tegu atoms as the affairs and business of the cor
poraiou may require, and as they may deem re
qu,lte and ssary for the guidance hereof, and
The transaction of its b. siness provided the same
do not conflict with this act of Incorporation, or
the laws of this State. The said board shall have
power, and here by authorized TO buy such real
estat. as there may b. required for the uses and
pu, poses of this company. to sell the same,
make contracts leases, mortgages, cor promises
ard to borrow money, and to - all and singular
such acts as NAV be ecessar, TO carry on the
business and further the objects of this company
ARTICLE VI
In all elections the vote shall be by ballot and
each ard every stakeholder shall be ent led to
vote, eli her in person or by proxy for each and
every share Of stock he she they respectively
may hold and no person OF persona shall be IN
titled to vote on any share or shares transferred
to him or them within thirty days prior to such
election.
ARTICLE VII
No stcckholder shall be held liable or responsible
to whom soever it may concern for The contracts,
acts faults, debts obligations OF the said COM
pany hey ond the amount Of heir unpaid capital
stock and no mere infermality In organizing shau
have tie e6oct Of rendering this charter null, or