The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-05-09
nv Nash d dodgson.
CHARTER.
STATE or LOUISIANA.
pAn,sH on ORLEANS crTY or NEW Or
LEANS,

STATE or LOUISIANA.
PARISH on ORLEANS -cITY on NEW OR
LEANS.
1,e q known. that on this sixteenth day of
hurll. III the yenr OF our Lord one. thousand
siyht huna I'd and aevsnty-seyen and OF The in
danenflauee Of the United States OF America tho
one hundred end first before me. Edward Ivy
Notary PaR y Il u NEW eGa or pf 1ae sas Of p Lou
isiara duly commissioned and qualified. and IN
presence Of tho Witnesses bofeDafthr NAMED,
and tho undersigned, personally came and APP
ne red the several parties whose, names are
heretinto subscribed. who declared that ayailing
themseves q The pfoylso so % ne ne sases q
tion of corporations In this Stnte. they have coy
enanted AID agreed and do by those presents
rovennnt agree and bind themselves and those
whom they tepr sent, and al suoh persons az
may hereafter becoms associated with them.
whether by subsnripton purenas' transfer or
tuts Il CORPORATION for the object and purposes,
aud under he stpulatlons and regulations fol
loving, ~ wit
ARTICLE FIRST.
ba Ih sse ng NEW 20 ORLEANS WRECRlNG Cum Jp
pANY and It's domicie Ia hereby established In
The city Of New Orleans. state OF Louisiana.
Citations In suits aguins the corpo alton may
he afrved on the President. or. in his absence
from the city. on the secretary
Tho cofporatloA shall have power and au-
Tirst-'ro have and TO enjoy succession by it's
corporate name Tor the period OF twenty-five
seeond-To contract. sue and DO sued In It's
corporate name,
Fourtl-Io hold. receive. purchase and con-
vey under its corporate name property. both
real and per onals
Hit IL 8 name and appoins auoh managers,
directors and officers rs It's interests and conse-
nience mey require and
SlSth--To make md establish such by laws
for the putp pose of management and regulation
OF the AFFAIRS of the corporation as may be -
ccssnry and proper.
ARTICLE SECOND.
Tho obi ct and purpo Tor which this corpo-
ration Ia established 8 the carrying on OF u gen
oral wrecklng business.
ARTICLE THIRD.
All the corporate powers OF the comp " shall
BIO exeroi ed by Board OF Directors and such
officers as they may appoint. and a!l t's business
shall be. managed by the President and the
e sad y Board Of Directors shall consist of five
persons, any three Of whom shall form a
Quorum for the transaction Of business;
A Board If Directors shall be- elected on the
last Monday OF Decemher, 1877, and annually
thertnf, 81, from the stockholders, by ballot.
each nemhar OF he company u being ing entitled t9
and paid for. In accordance with tho terms here- |
matter named, the election to be by ballot. each
in case of his absence. TO cast NJ vote not only
or tho election OF dl ectors but IN oil business
necessary to - had IN ne b2 OF re9rs
day fixed inc President shall cause an election |
10 DO held within ten days after tho failure TO |
elect and -hal give notice Their or by advertise
ment n one or more of tho wspapers pub
iIshed IN tho city OF New Orleans.
The board Of piroet Io shal q is ilrst meet
number II shall also, elect Q Secretary ut the
same time, and all shall hold their Offices until
Board 81 Directors shall consist OF the following
named stockholders. who shall hold their office
@n taei pssmy err sa ser efftGa And
drews. M. sehwnrjz and II. Moader. -
ARTICLE FOURTH.
The,capital stock Of this corporation, - here
by sa g n h. w oy sae
OF fifty dollars each; the amount OF each sub
scrlption shall DO payable In cash at tho signing
- t',''' ARTICLE FIFTH.
No stakeholder in this CORPORATION shall ever
bc liable or responsible for the contracts or
faults OF the corporation; nor shall any mere
rendering this charter null or of exposing a
stockholder to any liability beyond the amount
u nis s'''A' ARTICLE SIXTH, |
This charter may be modified. altered or
amended. and the capital stock may DO In.
creased to any sum not exceeding fifty thousand
GENERAL meeting Of the Stockholders. convened 4,
for that purpose, with tho assent OF three |
ourhs On 81 e o ek n
corporation shall become necessary by tho rea-
son of the action of the stockholders. by limita-
its affairs shall be Immediately placed In liuui s
dation, under the charge and sup1rin' EVIDENCE
OF three commissioners app3Dnted by the Board
until the final liquidation Of tho affairs Of the
and the distribution OF Its surplus !,
funds among the stockholders. n
ARTICLE SEVENTH. q
The names of the stockholders. their resi- il
dences, and number Of shares held by each arc | O
declared 20 be such as are subscribed to this act
Of ncorpot alton. and set opposite each of their O
respectively. Is