New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-04-18
CORPORATIONS.
CHARTER ':::::......cHARrER
UNITED STATES OF AMERICA.
STATE OF LOUISIANA
z
CITY OF NEW ORLEANS.

Be it known, that on this seventeenth day O
March, in the year of our Lord one Thousand
eight hundred and seventy four before me- Robert
sSossp n her, notary public in and for the city O
ana, duly commissioned and qualified, and in pres
ence OF the witnesses hereinafter named and un
sons hereinafter named and undersigned who by
these presents, severally declared that they do
hereby organize and constitute themselves into a
cOrpOrti0n under the laws of this State, for the
objects and purposes hereinafter set forth and
bind themselves to the following articles of asss-
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
thousand dollars, divided into three thousand
shares of one hundred dollars each. And soon
as the one halt of the capital stock shall be sub.
scrlbed this corporation shall go into operation.
ARTICLE H.
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 Orleans, and give greater facilities
for the purchasing and leasing and renting of the
same and for accomplishing that object said cor
poratiOn shall possess the right of purch asing real
estate in the city OF New Orleans, and other prop
erty, IN its corporate name and to sell and dispose
OF said property, and to lease, rent and 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 shall be eligible to the offices of
president, secretary and cashier and retain the
same time their seats at the board. Three men,
bers OF the board shall constitute quorum fer the
transaction OF business, and said board shall have
the exclusive power of the administration of the
affairs of this corporation and of appointment of
all necessary officers thereof The following here.
matter named persons are hereby appointed di.
rect6rs OF said corporation, and they shall cen.
tinue 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 the year then next ensu
ing; said election to be conducted in the manner
and on the day fixed by the bylaws of this cOrpO.
ration each share having one vote, which may be
given by proxy; the election to be held by ballot
the office OF this corporation and each Board of
Directors to remain in office until the succeeding
board shall be organized under the last election
Messrs. James s. Mathews, B. f. Rivers, George
c. Benham. James B. Wands, George B. johnson
and E W. Devices shall constitute the first Board
of Directors.
ARTICLE ".
The board of directors above named shall have
full power to make by laws and all officers of tnia
corporation shall be subject to removal at the
pleasure of the board. and said board shall have
the power from time to time, by a vote of two
thirds OF their number in trans acting the ordinary
business of this corporation, or for making any
contract to delegate power to a committee OF their
own body, or to a committee of stockholders or to
their officers or any otner agents as they may
deem expedent. Said directors shall cause books
Of transfer of stock 10 be opened and kept in the
office OF this corporation, under such rules and
regulations as they may proper to prescribe.
Also to cose said books of transfer of stock previ
GUS to an election of board of directors.
ARTICLEv
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
a delay of at least thirty days between each.
ARTICLE vi.
The Board of Directors shall cause to be kent a
faithful record o. all their proceedings which shall
upon approval be signed by their president and
secretary. They shall have the power to I'LL all
vacancies in their own body, and to change. alter
process to be served upon the president or secre-
tary of directors and said Board of Directors hall
provide such emblem or device for this corpora
ton as they may determine.
ARTICLE VII
The Board of Directors shall have power to open
books of subscription to the capital stock of this
and to close the same and to dispose
Of all such stock as may not be subscribed for in
shcn manner as tAey may deem most conducive to
the interests OF this corporation Ali stock, the in.
sta ment upon which shall not be paid when called
for, shall be considered, by the fact of such non.
payment, forfeited to this corporation and the
Board of Directors shall have the power of selling
the same upon its forfeiture.
ARTICLE VIII.
The liability of each stakeholder shall be re.
stricted to his interest in said corporation.
ARTICLE TX.
This corporation shall exist for the full period
permitted by law, and for the purpose OF liuui.
dating the affairs of this corporation three com.
mssOners. 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 that TOR the election of directors
and two-thirds of the votes shall be reouired for
the election Of such commissioners The Hnnida
ton shall be IN the manner and within the time
directed by the stockholders, at a meeting to De
convened for that object.
Thus done and passed in my Office at the citv of
New Orleans on the day, month and year herein
1rst aeove Wrtten. In presence of Messrs Alcee j
ker and Henry E. Ker. competent Witnesses WIN
lereunto sign their names, together with said an.
bearers ana me- notary, after due reading
HENRY E. KRR.
apll 10 25my2 1'1o'