The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-21


the mselvee ~ the powers. tights md privileges
ron terrni ny The ltwa ~ the hafR If tntaiaun
f"lal 'ye tothe efgnn7atign ~ corporations of
public improvements and other purnpqna they
hnd apyeed 70 urennl7n. rnns ttifp md found n
corporation fut fhe otlerts md purpnapa here
npfior ramrd and expressed And to- that end
they hereby nerea nnvnnnnt mud bind them
selves arsj MI sueh other PERSONS who pay
h"renllrr rim then or hocnme nesoriatHd with
them. whptfpr by athsr' rtlon. purchase trans
f'r surnnaeinn ~ otherwise. to fui u, Themselves
Iut"n body "rra'al" snr the objects and nnr-
unsps hereinafter apnei0pd aud under the con
,liiigns, aipnihfiuua ard regulations following.
To- wit,
ARTICLE
The name mn 'iin of aatl corporation shalL
he TIE LnrlstANA {, NaTRl 'OTIoN COM
! FANh mud Nv thp nann ahall hpre aurne satnn
and hay" corporate existence for md during
Tive tetm ~ w"nty I've y"ara frntu The tlnle ani
| oyNruiinu II these urnapnta unlnes ofharyyiae
| 1iqeulyeh IN The 'rnnner hRreinafter provided
t fnr no 1 NM t aa ~, ate be
| ihnh ana u sinai hn1e n corp 'rat" seal,
AnpIuLEIr
/ This corporation 10 established fpr Tho mn
| pose uf constructing 7ailrnale rannIs, bridges
fnriies auI rnnda Tor the Improvement IT lnnfla
nn1 other property and f9r works .nf p',tIe
| utility OF improvement within without the
lmita If the Sinte ri Louisiana and for the
acquisition "f all contracts, rlRhta, privileges
! aud frnuehisea neooasn " - nae r,il faf The oh
! Ie"a mud usna of sud puruuration under fhis
] "hntter, And said CORPORATION ID authorized
trnrs Tor lahor md for The construction mud
| nainenance Of rnllrpnls, cannls bridges
! f"'rtes mud ,nnhe, md alsr for the purchasing
| OF lenairg Of the sH,ne or any pnti thereof and
| for the Improvement If lnnds md other prop
| erv for tho development of the agricultural
works s. ruhlr utility q Improvement with
w and without tho limits Of the state
and sell a"y ands p r,annbaas , nrlyi,a m9.n
| rights aud property necessary or useful 10 snld
| corporation in any If Ito business work or
| operatinns: to borrow money In make notes,
| bonds md other obligations TO mnrtgaRe or
pledge my ~ its property, rights, privileges or
ehlse from any parish town city state, or
IRON, eorr9fatinns or individuals and eald cor
pnIo n, aha,, hays ana EH1sess I'll the powers,
Or n,ay be by any general Inv Of this state au-
ihotized to possess and may exercise rs cor.
S'a As that sha authorize The same. The said
corporation mny sue and he sued. Citations
enns, ppon tho president or, in his aieenee.
upon tho vice president of tho company.
ARTICLE III,
THE capital stock Of this corporation Is nxed
represented hy three hundred shares of the
pat value Of one thousand dollars eanh to be
naa ~ rs f"nws ono halt in money Of the
thirty days thereafter. Subscriptions for stock
m n r. E., rrnalyed ~ my 2ne who shall be deslg
"hatfer, aud the companY may proceed to or
gnni7e aud e eommepdh BUSINESS when 1fty
the said oari'al stock. The eapital stock of this
COMPANY may he Increased to Ave hundred
thousand 1olIn,s ~ . vote q fwo-ihlrds Of the
shares Of one thousand dollars eaeh In which
event the gna Stockholders shall have The
rInfarred light ~ subscribing 10 such Increase
81 stock ~ prpporfion to the number Of shares
then standing in thet resnertive. names; said
increased stock shall 10 pad f., In such sums
and NJ such periods as the Board Of Directors
may deem proper. No stock holder shall ever
be liable or Responsible FOR tho faults or con
- nj Inn, In, f1o
its transa"iona er business In any further sum
than the nnpaid halannes due on shares Of stock
organ 2Htlon Of the corporation or otherwfsa
hive the elect 81 annnlline tbs charter nor Of
making any stakeholder Hubble bayund tho
The stock books of tho company shall ba kent
~ t to 9 sha Il h Tnere certificates
but no transfer Of stock shall be binding upon
the eomrany nnil made upon ie stock books.
IN aaFe of failure ~ any subscriber or stock
holder ~ nay the iusauant on his stock "a re-
pulred the Board of DIRECTORS shall have the
option. after thirty days notice TO The dalip
q'lert If forfolting his stock or the amounts
previously paid thereon and no stnekhol1ar
phythent ri instruments duo upon his stock
ARTICLE w
Tho corporate powers Of this corporation
ghail De vested IN aud shall DO pyercised bya
Boar1 Of Directors and such officers aud employ
Hea rs hey may appoint. The Board Of Directors
ahnll consist ~ seven Wembefa Of this com
rany q minority ~ which directors shall con
SUI nto n rnnt uml, who shall b" naotad as here
innfter ptogdod f'r The FIRST Eoard " hi
In'fats shall he onmrpse1 If Victor Meyer
bhounl"o Taglof,, r. y; Frost, Gar! K6hp,
Irunhnrf, who ahnll elnot from their own mum
Dor a President and Voa presiient. and shall
APPOINT such other officers ns they tuny deem
pro9or. Said Board If Directors shal e6ntInua
II office until Tho rat dny u january aighteen
H" ep", gnd "leg a nGr Th',h time board
tho lltst insadnV Ia Dorambar n each year
me FIRST eie"ti"n f. ha hold on tho FIRST Tuesday
IN bh"emher, etgtt""n hundred and ppVenty-
ninol The ol"ailnu for directors ahnll be nv
ballot, nhd ma!4tit IN amount Of etoekhold-
erS shall e}ett Tho directors shall at their first
InNHlhg alter their election oleet n president
aud yoe president from their own n ,,nhor and
'FaY ut my time appoint such nthor officers and
nE, hts es they may deem proper Tho Board
~ bf"ttozE shall give nj laast ten days notice
IA "n" 81 N" n"wspapeTeo If the city ~ Now Or
l7nns If the election If dlrerfnrs and shnll mn
point three Stockholders ~ prcsidh nt such elee-
lions: m Il In the event 81 failure 10 attend tho
Fresidout ahall by npIblntuept fII the vnran
w." guy fhlitfa from my cause whatevor 10
'i"'t directors on he LAY named Tor TINT ptr-
pose shah not disaul . this assocltlon. but tho
directors than In Office ns we'll ns tho President
Fioe aidnnt md al other officers. shall hold
'yer until their SUI eessors AFRO chosen. In tho
wont ~ NJ election on the day rb3Ve mem
Toned the President shall eauso another cleo
Ion to he hold within thirty days thersafer.
and gro notice roof as herelnoefore provided
'"r AT every meeting eaeh stakeholder shall DO
emitted % ono vp,H for eysrv st of stock reg
stered u his her. name, and may vote by
proEy. The Bonrd ~ Directors shall have fulj
number, cansed ny death, resignation or other
wise from among the stockholders ~ The corn-
pahY The sai hpnrd ls further authorized 10
frame md abort apoh by lfrya rtns and regu-
buttons e- tho Affairs md basiness ~ the com
pang may r"1liro. and MS hoy may deem raguls-
Ito md necessary 'pr tho guidance thereof
provided tho same DO not conflict nth this nct
~ tneorporntIon, ~ with tho laws Of this Btata.
~ ri tho Gf tod S'atos.
ARTICLE V.
This IucUpora'ton may be changed. modified
" uttered. or this corporation rnny be dlasnIyed
Y n gene raj mae{lug convened for TINT rnr,aoa
with the ssaent u thran-fourih s ~ The exisfin0
''"R afi"f thiffy days prior notice shall have
'eNh grim ~ such maeftQg ~ publication In
ono ri she naWspnrers tHbllshnd In Now Gr
ehus- And in ehsa II dissolution or tnrrnlna-
ion ~ this CHARTER the liquidation shalI be- con
iucth1 nv three commissioners elected by n ma
oriiy tho tockhpldars In amount NJ a general
mo- ting called as abovo fpr tat purpose.
;, bone atd passed. In my oi1c" at tho city ~