New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-05-02
CORPORATIONS.
CHATTER -w .:'''''.'',chAn'h"
UNITED STATES OF AMERICA.
STATE OF LOUISIANA
CITY OF NEW ORLEANS
CITY OF NEW ORLEANS.


Be it known, that on this seventeenth day Of
eight hundred and seventy four, before me, Robert
Joseph Ker, notary public in and for the CITY OF
New Orleans, parish Of Orleans. state OF Louisl'
ana, duly commissioned and qualified and in pres
ence of the witnesses hereinafter named and un'
dersigned personally came and appeared the per
sons be reinafter NAMED and nnderslghea' Mao ~ ~
hereby organize and constitute themselves into
corportioa under the laws OF this state. for the
bina themselves to the following articles Of 1850
citation, to wit:
The name Of this corporation shall be the NEW
ORLEANS NATIONAL BUILDING ASSOCIATION,
its place of business shall be the city of New Or
leans and its capital stock shall be three hundred
shares Of enc hundred dollars each And as soon
as the one halt of the capital stock shall be sub
scribed, this corporation shall 60 into operation.
r.. ARTICLE II.
This corporation is established for the purpose Of
erecting and constructing buildings, and for the
Improvement of vacant and other property in the
city Of New Orleaus and to give greater facilities
s1 spa sn &
peraton shall possess the right Of purchasing real
estate in the city Of New Orleans, and other prop
Of said property, and to lease, rent aud hire the
same.
ARTICLE III.
The business Of this corporation shall be con.
the stockholders. The said board shall consist Of
six members each owning at least ten shares, and
the said members ehal be eligible to the Offices Of
president seer ttary and cashier and retain at the
same time their seas ct the board. Three mem
beers of the board shall constitute quorum fer the
the exclusive power Of the administration of the
affairs Of this corporation and Of appointment Of
I'll necessary officers thereof The following here.
rectsrs Of said corporation, and they shall cen
time in office until the first day Of January, 1875,
and until their successors are duly elected
and. qualified. In December, 1875, and in the same
month in every succeeding year, an election shall
Be held for directors for tie year then next ensu
and on the day fixed by the bylaws of this corpo.
ration. each share having one vote. which may be
OF
Directors to remain in office until the succeeding
board shall be organized under tho last election
c. Benham, James B. Wands, George B. johnson
and W. Devices shall constitute the first Board
u DAe'''''' ARTICLE .
The board of directors above named shall have
full, power to make by laws, and all officers of this
corporation shall be subject to removal at the
the power from time to time, by q vote Of two.
thirds of their number in transactng the ordinary
business Of this corporation, or for making any
own body, to q committee of stockholders. or to
their officers or any other agents. as they may
deem expedient. Said directors shall cause books
Of transfer OF stock 10 be opened and kept in the
office of this corporation, under such rules and
1esaa9ns as a tsey may see proper to prescribe
ous to an election Of board Of directors.
ARTICLE Y.
The assessments upon the stock of this CORPORA
ton shall be called Tor at such periods as the
Board OF Directors may fix. but no two assessments
shall be made following each other without giving
delay Of at least thirty days between each.
ARTICLE VI
The Board Of Directors shall cause to be kept q
faithful record OF all their proceedings which shall
secretary. They shaft have the power to fiji ali
vacancies in their own body. and to change. alter
or modify the bylaws Of this CORPORATION. All
tary Of directors and said Board Of Directors ehal
provide such emblem Or device for this corpora.
ton az they may determine.
ARTICLE VII
The Beard Of Directors shall have power to onen
books Of subscription to the capital stock of this
corporation, and to close the same and to DISPOSE
of all such stock as may not be subscribed for In
the interests Of this corporation. All stock the in
sta lment upon which snail not be paid when called
for shall be considered, by the fact of such non.
Board of Directors shall have the power of ceiling
the same upon its forfeiture.
ARTICLE VIII.
The liability Of each stakeholder shall be re-
strcted to his ntereet in said corporation.
ARTICLE TX.
This corporation shall exist for the full period
permitted by law, and for the purpose Of liqui
dating the affairs of this corporation three COM
missioners to be elected by the stockholders shall
have ample powers to carry the same into full eff.
feet. The election of commissioners shall be in
the same mode IS that tor the election of directors
and twothirds of the votes shall be required for
me me election OF such commissioners. The lquda-
ton shall be IN the manner and within the time
directed by the stockholders, at q meeting to be
convened for that object.
Thus done and passed in my Office. at the CITY of
New Orleans, on the day month and year herein
first above written. in presence of Messrs Alcee j.
Ker and Henry E. Ker, competent witnesses, who
hereunto sign their Names together with said ap-
bearers and me, notary after due reading.
ALCER j. KER,
HENRY Z. KER
apll Is 25my2