The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-25
LOUISIANA CONSTRUCTION COMPANY,
CT A RT r e.

notary public duly commissioned and sworn.
for the parish of Orleans. State u louisiana
and in the presence OF the witnesses hereinafter
named and undersigned. personally appeared
th9 several persons whose names IRE ire, herento
themselves Of the powers, rights and privileges
conferred by tho laws Of tho S.ate Of Louisiana.
relative to the organization ~ corporatthns OF
public improvements and othHr purposes. they
had agree Il TO organize. constitute and founda
corporation for the objects and purposes hHre-
inaIter named and expressed. And TO that end
they hereby agree. covenant and bind them
selves. ana al such other persons who may
hereafter Join theTn, or become as EoflatSl with
them whsther by subscription purchase, trans
fer succession or otherwise to form themselves
into q body corporate tor tho objects and pur-
poses hereinafter specified. and under the COM
ditions, stipulations and regulations following,
to wit:
Tho narno and title Of said corporation shall
he THE LOUISIANA CONSTRUCTION COM
PANY and bvthat name shall have succession
and have corporate existence for and during
the term Of twenty FIVE years from tho date aud
execution Of these presents. unless otherwise
dissolved In the manner hereinafter provided
the the ey Of New Orleans in III The State of LOUIS.
lana, and 1t shall have corporate seal.
ARTICLE H.
This corporation is established for the pur-
| pose Of constructing railroads. canals, bridges,
| ferries and roads. for the Improvement Of lands
utility or Improvement within or without tho
| limits OF the State Of Louisiana and for tho
l
and franchises necessary or use ful for the OBJ
| scts and uses OF said corporation under this
charter. And said CORPORATION is authorized
| and emU OWered to make or purchase any con-
tracts for labor and for the construction and
maiutenance OF railroads: canals. bridges.
ferries and roads, and also for the purchasing
| or leasing Of the same or any part thereof and
for tho Improvement OF lands aud other prop,
q rSf ' Of bs State ana for ali other
works Of public utility or Improvement With
In and without the limits OF the state
af Tn,Ifu IN
and sell any lands. franchises, privileges,
rights and property necessary or useful to said
operations; to borrow money. to make notes.
bonds and other Obligations; to mortgage or
e. aedep n eran op
ehise from any parrish town. city. state. or
from corporations or individuals and said cor
rriahts and privileges which corporations are
or may be by any general law Of this state au-
tborlzed to possess, and may exercise its cor
porate powers in any other State Of the United
States that shall authorize the same. The said
corporation may sue ana De sued Oa vi ms
office OF the company, In the city Of New Or
leans upon the president. or, In bis absence.
upon tho vice president oil the company.
ARTICLE III.
The capital stock of this corporation is fixed
at the sum OF throe hundred thousand dollars
represented by three hundred shares Of the
par value Of one thousand dollars each, to be
time time Of subserib6g and the other half within
thirty days thereafter. Subscriptions for stock
b 81 b s Wh@ h be 10 def
charter, and the company may, proceed to or
ganize and to commence business when fifty
the said capital stock The capital stock of this
company may be increased to Aye hundred
TO 9 bs y Ry v2 IL ts Of into Ro
shares Of one thousand dollars each in which
event the original stockholders shall have the
preferred right OF subscribing to such increase
| of stock in proportion to ths number OF shares
then standing In their respective names; said
Increased stock shall be paid for In such sums
and at such periods rs tno Board of Directors
may deem proper. No stakeholder shall ever
be liable or responsible for the faults or con:
tracts Of this corporation. nor In nor for any Of
its transactions or business In any further sum
than the unpaid balances due on shares Of stock
organization Of the corporation. or otherwise,
have the effect Of annulng this charter nor of
making any stockholder liable beyond the
The stock books Of the company shall be kept
At tho office Of the company. where certificates
Of stock shall be issued to the stockholders.
but no transfer Of stock shall be binding upon
tho company until made upon Its, stock books.
holder to pay the instalrnent oaAhis stock as re-
dulred. the Board Of Directors snail have the
option after thirty days notice to tho delin-
previously paid thereon. and no stOckholder
shall have the right to vote while in default for
payment Of instruments due upon his stock.
ARTICLE Nv.
shall bs vested in and shall be exercised by n
Board of Directors and such officers and employ
ees as they may appoint. The Board Of Directors
shall consist II seven members OF this COM
pany IA majority Of which directors shall con
atitute a auorum), who shall be elected rs here
fectors shall be composed Of Victor Meyer.
Brownlee W Taylor, f. D. Frost, Carl Kohn,
Albert Baldwin Theodore HeIlman and David
Urguhart who shall elect from their own num-
Der o President and Vice President. and shall
appoint such other officers rs they may deem
Gil IcfI OH tir,tta
In office until the first day Of January. eighteen
hundred ,and eighty, aafpr which time board
Of seven directors shall be elected annually on
the first Tuesday In December d each year
tine frst election to be held on tho first Tuesday
In December eighteen hundred ana h, seventy
ballot and q majority in amount Of stockhold-
ers shall elect. The directors shall at their first
meeting alter their election elect president
and vice president from their own number. and
may at any time appoint such other officers and
Of Directors shall give at least ten days notice
in one Of the newspapers Of the city Of New Or
leans Of the election Of directors, and shall ap-
point three stock hOders to preside at such cleo
tons; and in the event Of failure to attend, the
President snail by appointment fill the vacan-
elect directors on tho day named for that pur-
pose shall not dissolve this association. but the
directors then In office. well as the President
Vice President and all other officers, shall hold
over until their SUCCESSORS are chosen. In the
event Of no election on the day above men,
toned. the President shall cause another cleo
ton TO be held within thirty days thereafter
and give notice thereof as hereinbefore provided
for AT every meeting each stakeholder shall be
entitled to one vote for every STARE Of stock reg
proxy. The Board Of Directors shall have tut
humber. caused by death. resignation or other
wise. from among the stockholders Of the com
pany. The said board Is further authorized to
| frame and adopt such by laws. rules and regu-
lations az the affairs and business Of the com
pany may require. and as they may deem requis-
ito and necessary for the guidance thereof,
provided the same do not conflict with this act