New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-04-11
4 uAN1Eh''. CHARTER
UNITED STATES OF AMERICA
STATK OF LOUISIANA.
QUARTER.
CHARTER
ATK OF LOUISIAN
CITY OF NEW ORLEANS

l
:. Be it known, that this seventeenth dav 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 Louisi.
ana duly commissioned and qualified, and in pres
ence of the witnesses hereinafter named and un-
dersigned, personally came and appeared the per-
sons hereinafter named and undersigned who by
these presents, severally declared that they do
hereby organize and constitute themselves into a
corportion under the laws of this State. for the
Oh)ects and purposes hereinafter forth, and
pina themselves to the following articles Of asso-
citation, to wit:
ARTICLE i.
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 as soon
rs the one half of the capital stock shall be sub
scrlbed, this corporation shall go into operation.
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 Orleans aud TO give greater facilities
for the purchasing and leasing and renting of the
same and for accomplishing that object Said cor
peration shall possess the right of purchasing real
estate in the city OF New Orleans. and other prop
erty IN It's corporate name and to sell and dispose
OF said property, and to lease rent and hire the
same.
ARTICLE ILL.,
The business of this corporation shall be con.
Quoted by Board of Directors to be- appoin tad bv
the stockholders. The said board shall G ,nsist 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 Mt the
same time their seats ut the board. Three mem
beers OF the board shall constitute quorum for 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 hare.
matter named persons are hereby appointed d.
rectsrs of said corporation and they shall can.
tinne In office until the first day of January 1875
mr. huIx al, Il
and qualified. In December, 1875, and in the same
month IN every succeeding year. an election shall
ing; sac election to be conducted in the manner
and on the day fixed by the bylaws of this corpo.
given by proxy; the election TO be held nv ballot
at 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 y. Mathews, X. 4. Rivers GEORGE
c. Renham. James B. Wands, George B. johnson
and & W. Devices shall constitute the first Board
OF Directors
ARTICLE ".
The board of directors above named shall bava
full power to make by laws, and all officers of this
corporation shall be subject to removal at the
pleasure of the board, and said board shall have
the pswer from time to time, by n vote of two
thirds of their number in aIsactIng the ordinary
business Of this corporation. or for making any
own body. or to committee of stock holders or to
their officers or any other agents. they may
deem expedient. Said directors shall cause books
of transfer OF stock TO be opened and kept in the
office of this corporation, under such rules and
regulations they may see proper to prescrbe
Also to co1e said books of transfer of stock preyi
Gus to an election of board q directors.
ARTICLE V.
The assessments upon the stock of this cOrpora
ton shall DO called for at such periods as the
snail be made following each other vithsut giving
q delay OF &t least thirty days between each.
ARTICLE VI
The Board of Directors shall cause TO he kent n
faithful record OF all their proceedings which shall
upon approval be signed by their president and
secretary. They shall have the power to iii ali
in their own body, and to change, alter
or modify the by laws of this coronation All
process to be served upon the president or secre-
tary of directors, and said Board of Directors shali
provide such emblem Or device for this corpora.
ton as they may determine
ARTICLE VII.
The Board of Directors shall have power to oyen
books OF subscription to the capital stock of this
and TO close the same and to dispose
OF all sIlch stock as may not be subscribed for in
such manner as they may deem most couducive tn
the interests of this corporation. All stock the in.
sta ment upon which shall not be paid when called
for, shall be considered, by the fact OF such non
Board of Directors shall have the power Of sellinr
the same upon its forfeiture.
ARTICLE VIII.
The liability Of each stockholder shall be re-
stlicted to his interest 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
to be elected by the stockholders shall
have ample powers to carry the same into full ef-
feet The election of commissioners shall be in
the same mode as that tor the election Of directors
and two-thirds of the votes shall be required for
the election of such commissioners The liouida-
ton shall be IN the manner and within the time
directed by the stockholders, at a 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
irst ABOVE written. in presence Of Messrs Alcee J.
ker aud Henry L. Ker, competent witnesses, who
hereuntO sign their names together with said ap-
bearers and me- notary after due reading.
ALCEE J. KER,
HENRY Il. KER.
ROBERT J. KER, Notary Public.
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