New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-10-31
CORPORATIONS.
( HARTER. ...........CHARTER
STATE OF LOUISIAEA-PARISH OF ORLEANS
CITY OF NEW ORLEANS,

CITY OF NEW ORLEANS.
Be it known, that on this twentieth day of DC.
toser, in the year one thousand eight hundred and
seyentyhye, before me; John Bepdernagel, no.
aforesaid, and in the presence of the witnesses
hereinafter named and undersigned, personally
hereunto subscribed; who declared that availins
themselves of the proyisons of the general laws
of this State relative to the organization of
porations they have formed and organized and by
these presents do form themselves into and censti
tute corporation for the objects and purposes and
under the regulations, stipulations and obligations
ARTICLE 1.
the Nkw 0RLBANt AND OUACHITA RIVER
TRANSPORTATION COMPANY and it's domicile
shall be in the city of New Orleans State of Louis
lana; II shall exist and jov succession from and
after the first dav of December OF the present year
until the first dav of December of the year one
thousand eight hundred and seventy. ven, and
shall have power to sue and be sued, and to con-
tract la its corporate name; to name and appoint
such managers, directors and officers as it's bust
meas may REQUIRE; to make, have and use corpor.
ate seal; and to make and establiah such bylaws
for the proper management and regulation of the
esssry; all citations notices other legal process
wherein the said company may be interested shall
be Sc rived upon the president of said company or
IN his absence upon the vice president.
ARTICLE II.
The objects and purposes for which said corpora.
t1On IL ana tne nature OF The business
to be carried on by 1t hereby declared to be to
procure and MAINTAIN a sufficient number of cult
able steamboats, or other vessels for the convey
snce and transportation Of passengers m Ais, etc,
and the transaction of all business for compensa.
ton connected with or appertanng to the
ming, charteriug and maint aiming OF one or more
lines of steamboats, from and between New Or.
leans and all points on the Mississippi river and
its tributaries and more especially on Ouachita
river as to grant and afford better facilities to
the inhabitants of such sections to transport their
freight and products TO and from New Orleans,
and to create and continue freight express.
ARTICLE III.
The capital stock Of said company is hereby de-
clared to be ten thousand dollars, divided into
of dfty dollars each; five per cent of each share
shall be payable in cash on demand and the re-
mainder Of each share shall be paid at such time s
may direct. Any stakeholder neglecting re-
fusiug to pay the installments of his stock, when
thirty days from the publication of notice to pay
the same shall forfeit any and all share or shares
Of stock upon p which any may be due
Directors may dispose OF such forfeited stock at
public or private sale for the use and benefit of
this corporation.
ARTICLE ".
All the corporate powers of this company shall
be vested in and exercised by Board of Directors
composed of seven stockholders thereof-Freder.
lex A. Blanks, Gus Hodge, William Wenzel Ed.
and John De- Hart, with the said Frederick A.
Blanks ss president are hereby declared TO be the
first Board of d r.ctors, and shall mold office until
the first of December 1876, or until their success.
sors shall have been elected On the second Mon.
day of November. 1876 an election for directors
corporation, under the superint sndence of three
commissioners to be appointed by the Board of Di.
rectors, of which election ten days previous no.
tice shall be given IN one of the daily newspapers
published in the city Of New Orleans and the di
rectors then elected shall serve until the period
herein liked for the ex piration of this charter. A
majority of votes 9hall elect and share of
stock shall be entitled to one vote either in per-
sen or by proxy Any vacancy occurring IN said
board from any cause whatever, shall be filed by
election BY the remaining directors. Three direc
tors shall form q quorum for the transaction of
business. and said Board of Directors shall appoint
such officers, clerks or agents as may be deemed
necessary for the business OF this corporation, and
have full power to make and establish as well as
change any and all bylaws, rules aud reg uations
for the support and management of the business
and affairs of said company.
ARTICLE v.
The capital stock of this corporation may be in.
creased TO any sum not exceeding hundred
Thousand dollars, and this act of incorporation may
be changed; modified or altered or this corporation
dissolved with the assent of three-f0urths of the
capital stock thereof, at any general meeting of
the stockholders of said corporation convened for
such purpose, after ten days notice of such meet.
ing shall have been given in two newspapers pub
lshed in New Orleans.
ARTICLE vi.
This corporation, whenever dissolved either by
nmi alton or other cause, shall be llquldated by
three commissioners, to be appointed by the Board
of Directors, who shall remain in office until the
final settlement and liquidation of Its affairs.
ARTICLE VII
No stakeholder shall ever be held liable or re-
spOnsble for the co tracts faults of this cor.
pOrati0n in any further sum than tle un paid bal
anee due to the company on the shares owned by
him.
ARTICLE VIII.
The names of the stockholders are, for the
present debated to be as signed below.
Thus done aud passed in my office at New Or
leans Aforesaid in the presence of Edward Smith
and Martin l.. Ainsworth, competent witnesses,
residing In this city, who hereuntO subscribe their
day and date set forth in the caption hereof.
Original signed;
- j. W BLANKS, JOHN JANNEY,
EpWAR6 GoSERY, per ED; 6oNsRY,
J. BENDERNAGEL, Notary Public.
STATE OF LOUISIANA
Parish of Orleans.
/, the undersigned deputy recorder of mortgage
in and fol the city and parish of Orleans State of
Louisiana, do hereby certify that the above and
and Ouachita River transportation Company. has
been this day duly recorded in my office, accord
ing to Law, In book No. va, folios SOS ct seq. a.
j. II. CONWAY. Deputy Recorder.
STATE OF LOUISIANA
Parish of Orleans. )
certify the foregoing to DO true and correct
SeE Orleans snd ouachits River ffsnsportst ion
IN faiSh vheaesl hsssanss ~ AZ haId and ssal
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