The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-05-27
CHARTER.
STATE OF LOUISIANA.
PARISH OF ORLEANS CITY OF NEW Or
LEANS.

PARISH OF ORLEANs-CITY OF NEW Or
LEANS.
Be 1t known. that on this sixteenth day Of
APRIL In the year OF our Lord one thousand
eight hundred and ssve -seyen. and OF The in
Dependence Of the United States OF america the
| Notary Public IN and for the parish Of Or
leans, and city OF New Or cans, State OF LOU.
slaa duly tb aha and
and the undersigned. personally came and APP
peared the several, parties whose names, are
| themselves oil the provisions of the statutes OF
the State Of Louisiana relatiye to the organza-
ton Of corporations In this State they hare coy
covenant, agree and bind themselves and those
whom they represent anu all sueh persons as
may her e., become asseelatsd Nth VT them
otherwise, to form themselves into and censti-
| tute q corporation for the objects and purposes
and under the stipulations and regulations fol-
'o"'As' ~ Wv ARTICLE FIRST.
be ! Ii The n NEW oRIEANs WHEtRING COM
PANY. and ts domeie is hereby established in
| Citations In suits against the corporation may
| be served on the President, or. In his absence
from the city. on the i seGret ha1a ,a,ve and
Tirsf-To have and TO enjoy succession BY. its
| corporate name for the period OF twenty-five
second-To contract. sue and be sued In Its
Third.1fo make and use a corporate seal.
| Fourth-To hold receive purchase and con-
vey under Its corporate name property, both
Tifh-fo name and appoint such managers
directors and officers as Its interests and eonve-
nience may require; and
! sixth-To make end establish such by laws
for the purpose of management and regulation
of the affairs Of the corporation as may be MS
eessary and proper.
ARTICLE SECOND.
The object and purpose for which this eorpo-
ration IL established is the carrying on OF gen
eral wreeking business.
ARTICLE THIRD.
All the corporate powers Of the company shall
be exercised by a Board OF Directors and such
officers as they may appoint and all Its business
shall be- managed by the President and the
Ds said board Of Directors shall consist Of five
persons, any three OF whom shall form q
Quorum for the transaction Of business.
board Of DIRECTORS shall BE- elected on The
thereafter, from the stockholders, by ballot,
| each member OF the company being entitled to
as many votes as he may have shares subscribed
and paid for, in aceordanee with the terms here
matter named, the election to be by ballot each
stakeholder having the right TO appoint proxy
IN case Of his absence, 70 cast his vote not ONLY
necessary to be had In the Board OF Directors.
In the event Of no election taking place on the
wn en days sr aers e
elect. and shall give notice thereof, by advertise
ment IN one or more OF the newspapers pub
9h HE b R snf 81 bree sen sh It's first meet
| ing In every year, elect q President from it's
number. Il shall also elect o Secretary at the
their successors are duly elected. The first
Board of Directors shall consist OF the following
named stockholders. who shall hold their office
onae ede' g. p Pspmy a asrr g. an
| ddrews. M. Schwartz and Fl. Meader. 10
| ARTICLE FOURTH.
The capital stock Of this corporation, Is here
| by fixed at the sum Of twelve thousand dollars.
| of fifty dollars each the amount OF each sub
scription shall be payable In cash at the signing
| OF these presents.
ARTICLE FIFTH.
| No stakeholder in this CORPORATION shall ever
faults Ct the corporation; nor shall any I'd, mere
informally In organ ization have the effect of
rendering this charter. null or Of exposing a
stockholder to any liability beyond the amount
u LIE ''e0A ARTICLE SIXTH. ==-
This charter may be modified. altered or
amended. and the capital stock may be in,
creased TO any sum not exceeding fifty thousand
general meeting Of the stockholders, convened
iourtls III, amount) Of the stock Represented at
such meeting. Whenever the dissolution Of the
| corporation shall become necessary by the rea-
son Of the action OF the stockholders by limita.
ton of its charter, or from any cause whatever,
Its affairs shall be Immediately placed in iqui
dalton, 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
| bonds among the stockholders.
ApTTnr m aEvENru
. iA,',, '
The names OF the stocknoideTs. their resi-
denees, ana numper On shafes neld py eaen are
| declared TO pe suen as are subscribed 70 TINS aet
OF lneorporati9n, ana SET Opposite each Oh their
ntInes Respectively -..-, -. - =,
oaFk ana AZ u.s. Tba e Witnesses