The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-05-18
CHARTER.
STATE OF LOUISIANA.
PARISH OF ORLEANs-CITY OF NEW OR
LEANS

Belt. known. that on this sixteenth day o.
April, In the year. of our Lord one thousand
eight hundred and sew ut y-seven nd Of The in.
dependence Of the United States of America the
q Notary Public, in and for tho parish of Or
leans. and city OF Now Or cans. State of Lou
lsiana. duly missioned and qualified. and in
presence OF the witnesses hereinafter name d
and the undersigned, personally came and ap-
erred the So era' parties whose, names are
| thems ewes Of the provisions of the statutes al
| the state Of Louisiana relative to the organiza-
ton of corporations in this State they have Gov
| covenant agree and bind themselves and those
whom they represent, and all such persons as
may hereafter become associated with them,
whether by subscription. purchase. transfer or
| otherwise to form themselves into and consti-
tute a corporation for the object. and purp0ses,
ana under the stipulations and regulations fol
ARTICLE FIRST.
TIE r na INV an Az TIE q said r2rporston she'll
| PANY, and its domieiIe is hereby established in
tho city Of New Orleans. State of Louisiana
Citations in sui 8 agains' the corpor alton may
| from the city. on the Secretary
| The corporation shall have power and au-
| thority-
corporate name for the period Of twenty five
years.
second-To contract, sue and be sued in its
Thifd-To make and use q corporate seal
Fourth-To hold, receive, purchase and con
vey under its corporate name pTopeftV botb
real and per- Onal.
Fiji hlo name and appoint such managers
directors and officers as its interests and con ve-
nipnce may require and
Sixth-To make and establish such bvlawa
for the pn pose Of management and regulation
Of the affairs OF the corporation as may be n :,
ARTICLE SECOND.
The object nnd pnrpo for which this corpo-
ration il established is tho carrying on OF gen
tar "a trIn "
ARTICLE THIRD.
All the corporo.le powers Of the company shall
DC exercls ed bE u Board IT Directors and such
officers as they may appoint. and all lis business
stall De n@anaged by the President and the
Board Of Directors.
haid Board Of Directors shall consist of five
persons, any three of whom shall form II
quorum for the transaction of business
). Board Of Directors shall DO elected on the
thereafter from tho stockholders, by bali"tJ.
each member Of the company being entitled to
rs many votes as he may have shares subscribed
matter namcd the election to be by ballot ca h
stockholder having the right to appoint proxy
In case Of his absence. to cast his vote not only
necessary to re had in tho Board of Directors
In the event Of no election taking place on the
day fixed, the President shall cause an election
elect. and shall give notice thereof, by advertise
ment II one or more Of the newspapers pub
li4hed III the city of New Orleans
Ing in every year. elect q President from its
number. 1t shall also elect q tecrela,y at the
same time. and all shall hold their Offices until
their SUCCESSORS are duly elected. The first
Board Of Directors sha consist of the following
named stockholders, who shall hold heir office
until their : ps9mv are duly ser sG1ted and
uteNS' >" ''n AEffo III Fo USahGr'
The CAPITAL stock Of this CORPORATION IL 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
scription shall be payable in cash at the signing
y ''''0 - o'0 ARTICLE FIFTH.
NO stakeholder in this cor roration shall ever
be liable or responsible for the contracts or
faults of tho corporation; nor shall any mere
informality in organization have the effect OF
rendering this charter null or of exposing a
stakeholder to any liability beyond the amount
: - ARTICLE SIXTH.
This charter nay be modified. altered or !
and the capital stock may be in |
creased to any sum notexceeding fifty thousand |
dollars, or the company may be dissolved at a |
general meeting OF the st9ckholders. convened
fourths lin amount of the tick represented at |
such meeting; Whenever the dissolution OF the
son of the action of the stockholders, by limita.
ton Of its char ter. or from any cause whatever
its affairs shall be immt diately placed in liaui-
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 70 be such rs 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 pfesence Of Thad j.
Clark and JAS. D. Til den, competent Witnesses
both OF this city, who hereuuton sign their
names. with the parties and me. notary, on the
lay and date aforesaid.
Original signed:
WALTER s. CRAWFORD
Fl MEADER