The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-05-30
CHARTER.
sTATE OF LOUISIANA.
PARISH or oRLEANs-CIT OF NEW Or
LEANS,

LEANS.
Be it known. that on this sixteenth day Of
Anril. in the year OF our Lord one Thousand
9ennendencs Of the United States Of America the
one hundred and first. before me. Edward Ivy.
| n Notary Public, in and for the parish of Or
leans. and city Of New Dreams. State of Lou.
isiana. duly commissioned and qualified. and IN
and the undersigned personally came and APP
peared the several parties whose names are
hereunto subscribed who declared TINT availing
ton of corporations In this state, they have COW
enaed and aeeab and 40 ad hns
whom they represent. and oil such persons as
may hereafter become associated with them.
otherwss,. 10 form themselves into and consti-
tute n corporation for the objects and purposes,
and under the stipulations and regulations fol-
iow'ns' v W" ARTICLE FIRST.
be- tn he "1 NEW 20 oREEANs WREOKiNG COM
PANY and Ito domicile is hereby established In
the city Of New Orleans State OF Louisiana.
Citations in suits against the corporation may
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 Its
corporate name for the period Oh twenty-five
Second-To contract. sue and be sued in its
corporate name.
Fourth--To hold. receive. purchase and con-
vey under It's corporate name property. both
reel and personal.
directors and officers as its interests and conye-
nlence may require: and
Sixth-To make and establish auch Dy- LAWS
for the purpose of management and regulation
OF the affairs OF the corporation as may be Ms
cessary and proper.
ARTICLE SECOND.
The object and purpose for which this. oorpo-
ration Ia established is the carrying on OF gen.
eral wrecking business.
ARTICLE THIRD.
All tho corporate powers Of the company shall
be- exercised by Board Of Directors and such
officers as they may appoint, and all its business
shall be managed by the President and the
De sad B Board Of Directors shall consist of Ave
persons, any three Of whom shall form o
Quorum for the transaction OF business.
A Board Of Directors shall be elected on the
last Monday OF December. 1877, and annually
thereafter, from the stockholders, by. ballot
~ many votes as he may have shares subscribed
and paid for, In accordance with the terms here
matter named, the election 70 De by Paliot. each
in case OF his absence. to cast his vote not only
Tor the election Of directors, but IN gil business
Re III event Of IF no election taking place on The
day liked the President shall cause an election
to BE- held within ten days after the failure to
menf in one or more OF the newspapers pub
lished in the city of New Orleans.
The Board Of Directors shall. AZ it's first meet
ing in every year. elect q President from its
number. It shall also. elect secretary at the
same time. and all shall hold their Offices until
their successors are duly elected, Ihe first
named stockholders who shall hold their office
until their ov are duly Ayer eleetea end
drews M. Schwartz and H. Meader zHm
ARTICLE FOURTH.
The capital stock of this corporation is here
by fixed at the sum Of twelve thousand dollars,
represented by two hundred and forty shares
OF fifty dollars each; the amount Of each sub
soription shall be payable In cash at the signing
Of these presents.
ARTICLE FIFTH
No stakeholder In this CORPORATION shall ever
be liable or responsible for the contracts or
fnformality In Organization have. the effect of
rendering this charter null or Of exposing q
stockholder to any liability beyond the amount
- MD ''0'A ARTICLE SIXTH.
This charter may be modified altered or
amended, and tho capital stock may be In
creased to any sum not exceeding 1Ifty thousand
general meeting Of the, stockholders. convened
for that purpose, with the assent Of three
such meeting. Whenever the dissolution OF the
corporation shall become necessary by the rea-
son of the action OF the stockholders, by limita-
L,
it's affairs shall be Immediately placed in liaui-
dation under the charge and superintendent
OF three commissioners appointed by the Board
OF Directors. and who shall remain in office
until the final liquidation Of the affairs OF the
company, and the distribution OF its surplus
bonds among the stockholders.
ARTICLE SEVENTH.
The names of the stockholders. their resi-
dences, and number of shares held by each are
declared TO be such as are subscribed to this act
of incorporation, and set opposite each Of their
names respectively.
Thus done and passed In my Office. at New
Orleans aforesaid, in the presence of Thad. J.
Clark and JAS. ID. Tiden, competent witnesses,
both of this CITY, who hereunton sign their
names, with the parties and me, notary, on the
day and date aforesaid.
WALTER 8. CRAWFORD,
H. MEADER.
r. s. SERRILL
id HAMILTON,
GEO. Q. SWEET,
JAS. w. FEE,
NJ SCHWARTZ & BBO
G. ANDREWS.
THAD J. CLARK,
I'D TILDEN.
SEAL. EDwARp :l g,lk,,.
/, the undersigned Deputy Recorder of Mort
cages in and for the parish of Orleans, city of
New Orleans. State of Louisiana, do hereby GER
tify that the within and foregoing act OF incor-
ing Company was this dav duly recorded in my
Office. In book 1ba. folios Ill and 49, according to
lsigned) C.DARCANTEL.
Deputy Recorder.
New Orleans. May 4. 1877.
certify the above and foregoing to be a true
and correct copy Of the ORIGINAL charter. and