The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-05-29
'l''7l-7-77-777-7--s--77-
CHARTER.
STATE or LOUISIANA.
PARISH OF oRLEANs--C1TY OF NEW OR.
LEANS.

PAhlbH Of CItLEANG-OlII VI NEW Oh-
LEANS.
Be II known, that on this sixteenth day Of
April, in the year of our Lord one thousand
dependence OF the United states Of america the
one hundred and first, before me. Edward Ivy.
Notary Public, in and for the parish OF Or
leans, and city Of New Or cans. State of Lou.
isiana. duly commissioned and qualified. and In
presence of the witnesses hereinafter named,
and the undersigned, personally came and ap-
pc red the several parties whose names are
hereunto subscribed. who declared that availing
themselves Of the provisions OF the statutes OF
h on II IN ths ste they have eoS
covenant agree and bind themselves and those
may m hereafter become associated With them a.
whether by subscription. purchase transfer or
otherwise. to form themselves into and consti-
tute corporation for the objects and PURPOSES
and under the stipuations and regulations fol-
'V"'AS' :" "" ARTICLE FIRST.
b. The ss INV 'n d E saS f5DS1i9n d sbs
PANY, and Its domieile is hereby established in
the city Of New Orleans. state Of Louisiana.
be served on the President. or, In his absence
from the city. on the Secretary.
The corporation shall have power and au-
First-To have and to enjoy succession by It's
corporate name for the period Of twenty-five
second-To contract. sue and be sued in Its
TfRRird~To make and use corporate seal.
Fourth-To hold. receive, purchase and con-
vey under IFS corporate name property. both
Fifh--To name and appoint such managers
directors and officers as its interests and conve-
Sixth--To make and establish such bylaws
for the purpose OF management and regulation
OF the affairs of the corporation as may be ne
cessary and proper.
ARTICLE SECOND.
The object and purpose for which this corpo-
ration IL established Is the carrying on OF gen.
eral wrecking business.
ARTICLE THIRD.
All the corporate powers Of the company shall
be exercised by Board of Directors and such
shall all Be- managed BY the President and the
Ds said Board Of Directors shall consist of five
persons. any three OF whom shall form
a preeors sbn BE- eeed on the
last Monday OF December. 1877; and annually
thereafter, from the stockholders, by ballot.
as many votes as he may have shares subscribed
and paid for. in accordance with the terms here
matter named, the election to be by ballot each
ii case OF his absence to cast his vote not only
for the election OF directors, but In all business
necessary TO be had In the Beard OF Directors.
day fixed the President shall cause an election
to be held within ten days after the failure to
elect, anu snail give DOLlCo tneFeOI, Dy ADVERTISE
ment IN one or more Of the newspapers pub
lished in the city of New Orleans;
The Board Of Directors shall q, It's first meet
number. 1T Il shall also elect o Secretary at the
same time. and all shall hold their offices until
their successors are duly elected. The first
named stockholders, who shall hold their office
until their psqv are guy syer eeGtea and
drews. M. Schwartz and Ii. Meader. sasa
ARTICLE FOURTH.
The capital stock of this corporation is here
by fixed at the sum of twelve thousand dollars. |
by two, hundred and forty shares |
of fifty dollars each; the amount of each sub
scription shall be payable in cash at the signing
Of these presents.
No stakeholder In this corporation shall ever
pc liable. or responsible for the contracts or
faults of the corporation; nor shall any mere |
In organization have the effect of
this charter !, null or Of exposing q
stockholder to any liability beyond the amount
u D'' ''o'A' ARTICLE SIXTH.
This charter may be modified. altered or
and the capital stock may be in
dollars or the company may be dissolved at a
general meeting of the stockholders, convened
Tor that purpose, with the assent OF three
such meeting. Whenever the dissolution OF the
shall become necessary by the rea-
son Of the action of the stockholders, by limita.
Ion OF Its CHARTER. or from any cause whatever.
It's affairs shall be Immediately placed in liqui-
lation. under the charge and superintendent
and Who sa ~ e ca
,ompany. and. the. distribution of its surplus
ponds among the stockholders.
ARTICLE SEVENTH.
The names of the stockholders. their resi-
fences, and number OF shares held by each are
declared to be such as are subscribed to this act
Il incorporation, and set opposite each Of their
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