The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-06-21
CHARTE,IR.
STATE OF LOUISIANA.
PARISH AND CITY OF NEW ORLEANS.

KNOWN KIN y ,a THAT q, on y TM 3 gHrT p
ono thousand eight hundred and seventy
seven and Of the indepssnde saa Of tbs
and first. before me; Andrew Hero a.., Jr,
elty q New Orleans, STATE 81 q Louisiana 4, n,
presence. Of the witnesses hereinafter named
and undersigned, personally came and ap.
kefeu1to subscribed, WHO declared that availing
state relative to the Examination d corpora.
| ity. they have Contracted and agreed, and % do
BY these presents covenant and agree and bind
g. well e. sa RsrtHho s e.
law, for the objects and purposes and under the
stipulations and articles following, to wilt
ARTICLE FIRST.
The name and title Of said eorporation shall
AaE 2RA aS AH h aa9 E f. ba
succession and exist for the full term and
period Of twentyye ysiars commencing from
Lord one thousand eight hundred and seventy
seven: to contract, sue and be sued: to make.
point such managers. directors and officers, as
| Its business may require: and to make and es-
tablsh such bylaws for the proper manape-
| poration as may be deemed necessary.
ARTICLE SECOND.
the city OF New Orleans, state of Louisiana, and
| citations and other legal process shall be served
| on the President Of the Board of Directors of
| said corporation.
ARTICLE THIRD.
The objects and purposes for which said cor
poration is established. and the nature of the
| business to be carried on by Ii, are to procure
and to maintain good and sufficient number
freights, the mails. etc. and the transaction Of
any and oil business ,eonneeted with the run
more lines Of steamboais from The city 81 New ~
and it's tributaries, and more especially on Red
the. UNDERWRITING or insurance Of any aud all
articles Of freight o., commerce entrusted to
SID teompany as public carriers as well as Of
grant better facilities to the inhabitans of such
sections to forward and convey freight and all
products to and from New Orleans and create
maintain and continue freight express.
ARTICLE FOURTH.
The capital stock Of eaid corporation is hereby
declared to be ten thousand dollars. represented
by tive hundred shares OF the sum of fifty dol
lars each; five per cent OF each share shall be
s X eass bs MANI and re remainder
such amounts as the Board Of Directors may
direct. Any stakeholder neglecting or refusing
W Ulbeb anu phy tIe cHllS OI lHStullDenUG MS
stock ordered BY said Board of Directors with
In thirty days from the publication of notice of
such installments being due and payable, shall
forfeit any and al share or shares Of stock upon
which any installments may be due in favor of
may dispose. of such forfeited stock at public or
private sale for the use and benefit of said cor
poratioD. M stoekholder shall dispose of his
stock. nor shall any transfer be made thereof,
, unless by the consent Or vote Of two.thirds Of
Of said company; and the amount of capital
stock Of any stakeholder may be increased or
diminished, or the interest of such stakeholder
In this corporation entirely cease and deter
mine, as also may the capital stock of this cor
poratton be increased or diminished or re-
lations as the by laws or directory Of this com
pany may from time to time prescribe.
ARTICLE FIFTH.
All powers of this corporation shall be vested
in q. Board Of Directors. composed Of five stock
holders of this corporation, but the number
to seven BY vote Of two-thirds In amount Of
the capital stock of this corporation. ,Joseph
with the ga d Joseph A. Aiken as
their president, are, hereby. declared TO
board Of Directors and shall hold Office until
the first day Of July of the year, one thousand
eight hundred and seventy eight or until their
last Tuesday Of June in each year an election
for directors shall take place at the office or
domicile OF said corporation. under the superin-
tendence OF three commissioners to be appoint
ed by tho Board of Directors: of which election
ten days prior notice shall be given in one Of
New oreans and the pd reetors then 9 eeaed
shaii serve Until their successors shall have
been elected; q majority of votes cast shal!
elect and each share of stock shall be entitled
to one vote either in person or by proxy. Any
vacancy occurring In 8 i'd board from any carse
anng rseo BE- rhtee y ssos hS
quorum, and said board Of directors shall APP
point such officers clerks or agents and other
business Of this corp ration. and have re- fuI
power to make and establish. as well as change,
any and all bylaws. rules and regulations for
the support and management Of the affairs ana
business OF said corporation.
ARTICLE SIXTH.
This act of incorporation may be changed
modified, or altered. or this corporation dis
solved with the assent OF three fourths of the
capital thereof at any general meeting of the
such purpose. after ten days notice of such
meeting shall have been given in two news
papers published in the city Of New Orleans.
ARTICLE SEVENTH.
This corporation whenever dissolved, either
by termi nation OF Its charter or from any other
Gauss whatever; shall be li1uidated by three
directors, who shall remain in office until the
final settlement and liquidation of said COM
panys affairs.
ARTICLE EIGHTH
No stakeholder shall ever be held liable or re-
sponsiple for the contracts or faults Of this cor
poration in any further sum than the unpaid
balance due to the company on the shares
owned by him.
ARTICLE NINTH.
The names of the stockholders, together with
the respective number OF shares held by each,
are for the present declared to be as signed and
set opposite the respective names Of the parties
hereto.
Thus done and passed at my office. at New
Orleans. aforesaid. In the presence Of Charles
II. Stocker and Paul A. Conand. witnesses, both
of this city. who hereunto sign their names
with the parties and me- the said notary, the day
and date aforesaid.
Original signed: Shares. |
NOAH SCOVELL. 10
CHAS. z. TKUsLOW.. 10
JOS. A. AIKEN. ........... 10
M. N. WOOD.....-..-........ IL