The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-05-14
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 seyt nty-seven, and of The in
dependence of the United States of America the
a 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 PERSONAL Y came and ap-
peared The several parties whose, names are
hereunto subscribed who declared that ayaiing
Themselves of the provisions of the statutes Of
the State of Louisiana relative to the organlZa-
ton of corporations in this State. they have coy
oovensnt 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 constf-
tute a corporation for the objects and purposes,
and under the stipulations and regulations fol
'o"'As' - ARTICLE FIRST.
The name and title Of said eG9rg2rsti9n she'll
be tho NEW ORLEANS WRBOklNG COM
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-
Firsi-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
corporate name; ..,
Fourth-To hold, receive, purchase and con-
vey under its corporate name property, both
real and personal.
FifhNTo name and appoint such managers,
directors and officers as it's interests and eonve-
nience may require; and
Sixth-To make and establish such by laws
for the purpose Of management and regu lation
of the affairs of the corporation as may be ms
cessary and proper.
ARTICLE SECOND.
The object and purpose for which this corpo-
ration IL established rs the carrying on OF gen
eral wreeking business
ARTICLE THIRD.
All the corporate powers Of the company shall
be exercised by % Board Of Directors and such
officers as they may appoint and all It's business
shall be managed by the President and the
Board of Directors.
Said Board of Directors shall consist OF five
persons, any three of whom shall form a
quorum for the transaction OF business;
Board of DIRECTORS shall ,1 be elected on the
last Monday OF Deeemb t 18TH and anh hs'ntF
each member of the company being entitled to
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
stockholder having the right to, appoint proxy
in case Of his absence, to cast his vote not only
necessary to he httl in the 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 IN one or more OF the newspapers pub
lished in the city of New Orleans
The Board of Directors shall, a. its first meet
ing in every year. elect President from it's
number. 1t shall also elect 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
auslifed: s. P. Parmly. r. s. aerrill, G. An
drews, M. Schwartz and Ii. Meader.
ARTICLE FOURTH.
rhs ea1,ital stock of this corporation is here
nv 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 III cash at the signing
of these presents.
ARTICLE FIFTH.
No stakeholder in this, CORPORATION shall ever
be liable or responsible, Tor the contracts or
informaty in organization have. the effect OF
rendering this charter null or of exposing a
stockhoIder to any liability beyond the amount
u LIE ''''A' 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
dollars. or the company may be dissolved at 9
general meeting of the stockholders, convened
for that Wth The .e 81 Ct
such meeting. Whenever the dissolution Of the
| corporation shall become necessary by the rea-
son of the of the stockholders, by lmita.
ton of its charter, or from any cause whatever.
| its affairs shall be Immediately placed in liuui-
dation, under the charge and superlntendence
| 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 eacn OF thelr
no mn rpQnDptjyntV