New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-05-08
CORPORATIONS,
lHARTE
{ ,aARTES,' '''.'':. CHARTER.
STATE OF LOUISIANA, PARISH AND CITY OF
NEW ORLEANS
HAKTER,

Be II known that On this twenty frat day of
April. n the year OF Lord ooe Thousand e;ght
| hundred and seventy i've, and of the indepen-
dence OF the United States of America the ninety.
| ninth, befofe me, Andrew Hero Jr notary pubic
| III and fer the parish and city of New Ore ans
State OF Louisiana, duly comm ssone and Quail.
ned. and II presence of the witnesses hereinafter
| named and undars gneG, personally came and sp.
| peared the several persons whose names are here
| unto Subscribed who declared that, awaiting
| themselves Of the provisions of the laws of this
state relative to the organization CT corporations
ior WORKS or pubic !nprOvema mt and utility, they
| nave coVenanted aud agreed, and do by these
| presents covenant and agree and bind themsev es
as well az such persons as may hereafter become
| associated with them, to form and constitute
corporate and body polite in la for the objects
| and purposes and under the stipulatioas and
articles following, to wit;
ARTICLE
The name and title of said corporation shall be
THE NEN ORLEANS AND Red RIVER TRANS
FORMATION COMPANY and bv that name shall
nave power and authority TO enjoy succession and
exist for the full term and period commencing
from and after the dav and date hereof and
terminating on the first day of July in the year Of
our Lord one thousand eight undred and seventy
seven; 20 contract sue ana be sued; to make usa
SUCH managers, directors and officers as its bust
ness may require; and to make and establish such
bylaws for the proper mana cement and reguIa-
Ton Oh the affairs OF said cor poCation may be
deemed necessary.
ARTICLE IL
The dom!cile OF said corporation shall be n The
city OF View Orleans State of Louisiana, and eta
tons and other legal process shall be sscve,, on
Lhe president OF tAe Soard OF D!reC tors of said
coEporalioa-
ARTICLE IL
The object and purposes for which said cor.
poration Is established, ana the nature of tie
business to be carried by it, to procure snd
maintain good and sufficient number of steam
boats OF other vessels for the transportation, for
etc and the transaction Of all bu sinees connected
with the running, chartering and maintaining of
one Or more lines of steamboats, from the city of
New Orleans to all points en- the Mississippi river
and its tributaries, and more especially on Red
river SO as to afford and grant better facilities to
the Inhabitants of such sections to forward and
convey freight and all products TO and from New
Orleans, ALL to create and continue a freight ez
press.
ARTICLE ".
The capital stock of said cor poration is hereby
declared TO BE- ten thousand doilars. represented
by two hundred shares of the OF fifty dollars
each; tive per cent of each share shall he nayahla
in cash demand and the rem ainder of each share
shall be paid at such times and in such amounts as
the Board of Directors may di rect. Any stock
holder ting or refusing to meet and pay the
calls OF lnsta!lments OF his stoc k ordered by said
Board OF directors. within thirty days from the
publication OF notice of such installments being
due and payable, shall forfeit any and all share or
shares of stock upon which any instal,ment NAV
be que IN favor OF such corporation and the Board
OF Directors may dispose OF such forfeited stock at
puohc or private sale for The md benefit OF
said COZ p0ratiOI.
ARTICLE V.
AL powers Of this corporal o Il shall oe vested IA
a Board of Directors compose OF I'VE stockhold.
ers OF TINS corporation. Joseph A. Aiken, NJ. n
Wood: Henry j. Brnker Isaac Il Kouns and Fred
erieh W. Ames, with the said oseph A. Aiken as
President, are hereby declar I'D TO have been
chosen and selected the first Board Directors
and shall mold office until the first day of July
elected On the first uesday June in the wear
1875, an election for directors hall take place at
tn. ne otilce or domice Of said corporation, under
appointed by the Board of Di reCtOrs of " hich |
election ten DAYS prior notice sha II be given OF
the daily newspapers published in the city of New
Orleans and the directors then lpcted shall serve
until the period herein fixed for the expiration of
this corporation. A majority of votes cast shall
eject and eAcn share of stock sh all be entitled to
one vote, either IN person or by proxy. Any va |
cancy occurring in SAID board from any cause |!
ing directors. Three directors 81 al form quorum
ana said Board of Directors shall ppoint such otfi
GERS, clerks or agents as mag be deemed necessary
Tor Tie business of this corporatio and have full
power 10 make and establish, well as change
anv aud all bylaws, rules and reg ulations for the
ness OF said corporation.
ARTICLE VI
The capital stock of this corporation may be in.
creased TO any sum not exceeding one hundred
dollars; and this act OF incorporation
may be changed, modified or altered. this cor
p0ralon dissolved with the assent of three fourths
Of the capital stock thereof. at any general meet
ing of the stockholders of said corporation con-
Tened Tor such purpose after ten days notice of
such meeting shall have been given in two news
papers published in the city of New Orleans
ARTICLE VII.
This corporation whenever dissolved either oy
limitation of Its charter or from any other cause |
W hatever, shall De liqudated by three commits !
'l0neTs, to be appointed by the Board of Directors
who shall remain in Office until the final settle.
nent anu Liquidation Of said cOmpany's affairs |
ARTICLE VIII
The names of the stoc kholders together with the |
-espective number of shares held by each are for
IN hh aiF i
Dos-e the respective names of the parties hereto |
ARTICLE X.
No stakeholder shall ever be held I;abIa or re- |
sponsio.e Tor the contracts faults of this cor |
1oIauoa IN any further than the unpaid |
"a ance due 70 the company on : ne shares owned |
)y him
Thus doIe and passed n nv Office at New
orleans, aforesaid, in the presenc OF George
Jenas land Paul A. Conand, witnesses, both of this
MY, who hereunto sign their with the |
PARTIES and me- the said notary, the day and date
,tOresald.
o.giua. yned:
n. J. BRIEhEP, twelve shares;
JOSEPH A. AIKEN, ten shares.
+. ". AMkS, nine shares;
GEORGE W. REA nine shares;
II. kOUSS: ten shares.
WILLIAM 7; sCovELL, nine shares;
c. ". STINDE, twelve siares.
P. A. CONAND
GEORGE CENAS
ANDREW HERO. Jg,, Notary Public
the Undersigned deputy recorder of nortpagas |
and for the parish OF Orleans State of Louisiana |
o hereby certify that the within and foregoing |
ct OF incorporation was this day duly recorded !
4 this office, according 10 law. a book No. I!e |
New Orleans, April %, 1875.
C. DARCANTBL,
Deputy Recorder