The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-29
LOUISIANA CONSTRUCTION COMPANY.
CHARTER.

notary public. duly commissioned and sworn.
for the parish Of Orleans. State Of Loulsiana.
named and undersiened. personally appeared
the several persons whose names ere h. nerenh.o
conferred by the laws OF the State Of Louisiana,
relative to the organization Of corporations OF
had agreed to organize. constitute and found
corporation Tor the objects and purposes here
mater named and al. And h to tha sbs end
selves, and all such other persons who may
hereafter join them, or become associated with
fer, succession or otherwise. to form themselves
into body corporate for the objects and pur-
p2ses hereinafter specihed ana under the Con-
to wit:
The name and title Of said corporation shall
be THE LOUISIANA CONSTRUCTION CON-
PANY. and that name shall have succession
the term OF twenty-five years from the date and
execution Of these presents unless otherwise
for. The domicil Of said corporation shall be
the city Of New Orleans. in the State OF Louis
lana. and 1t shall have corporate seal
ARTICLE II.
This corporation IL established for the pur-
pose Of constructing railroads, canals. bridges.
and other property and for works of public
utility or improvement within or without tne
limits OF the state OF LOUISIANA. ana 1or the
acquisition OF all contracts. rights, privileges
and franchises necessary or useful for the OBJ
jects and uses of said corporation under this
and empowered to make or purchase any con-
tracts for labor and for the construction and
maintenance 9i railroads. road canals; BRIDGE
or leasing OF the same OF, any part thereof. and
for the Improvement Of lands and other prop.
ey Se 81 Ss and for ali oh
works OF public utility or Improvement With
in and without. the limits Of the state,
and sell any lands. franchises, privileges,
rights and property necessary or useful TO said
10 boro VI ms 10
bonds and other obligations: to mortgage or
pledge any OF It's property, rights. privileges or
chise from any parish. town. city, State, or
from corporations or individuals and said cor
or may be by any general law Of this State au-
thorized to possess. and may exercise Its cor
States that shall authorize the same. The said
corporation may sue and be sued. Citations
aHd all other Legal s .h be served at the
ieans. upon the president, or. in his absence.
upon the Vice president OF the company.
ARTICLE III.
The capital stock OF this corporation Is fixed
at the sum OF three hundred thousand dollars.
par value OF one thousand dollars each, to be
paid for as follows: e-half in money at the
time Of subscribing and the other half within
nated BY . majority Of the subscribers. to this
eanss ana to buss when 70 &
thousand dollars shall have been subscribed OF
the said capital stock. The capital stock OF this
thousand dollars By q vote Of two.thirds Of the
stock, to be divided In like manner into
shares Of one tnSu stad d9ars each In Which
preferred right Of subscribing to such increase
Of stock. IA proportion to the number Of shares
Increased stock shall be paid for In such sums
and at such periods as TIVE Board OF Directors
may deem proper ~ s,toek nc shall ever
tracts OF this corporation NOR In nor for any Of
its transactions Or business In any further sum
owned By him. nor shall any informality In the
Organization OF the corporation, or otherwise,
have the effect Of annulling this charter NOR OF
amount Of unpaid subscription on his stock.
The STOCK books OF the company shall be kept
the % Fl the h z
but no transfer Of stock shall be binding upon
the company until made upon its stock books.
holder to pay the instalment on his stock as ne
duired. the Board OF Directors shall have the
option. after thirty days notice to the delin-
previously paid thereon, and no stockholder
shall have the right to vote while In default for
Day menL OF lnBLalmenIB quo upon his btOck.
ARTICLE w.
The corporate powers Of this corporation
shall be vested In and shall be exercised by a
Board OF Directors and such officers and emp loy-
ees as they may appoint. The Board Of Directors.
shall consist II seven members of this COM
stitute quorum who shall be elected as here
mater provided for. The first Board Of Di-
FeetoTs shS b. r Si Victor Meyer
Albert Baldwin. Theodore. Heilnsn and David
UrQuhart. who shall! elect from their own NUM-
sach er te9
proper. Said Board OF Directors shall continue
In Office until the first day Of January. eighteen
OF seven directors shall be elected annually on
the first TUESDAY In December OF each year
tine first election TO be held on the first Tuesday
In December eighteen hundred and seventy
nine) The election for directors shall be by
ballot and majority In amount Of stockhold-
meeting alter their election elect a 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
one q the n9ewsnaDers Of the city 81 keT Or
point three ste ckholders TO preside at such eiec-
lions; and In the event Of failure to attend. the
| President shall By appointment I'll the vacan-
elect directors on the day named for that pur-
pose shall not dissolve this association but the
directors then in office. as well as the President
| over until their successors are chosen. In the
| event Of no election on the day above mon
| toned. the President shall cause another elee-
| ton to be held within thirty days thereafter.
and give notice thereof as hcreinbefore provided
for; Az every meeting each stockholder shall be
| istered In his or her name, and may vote By
proxy. The Board OF Directors shall have fun
number. 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 as the affairs and business of the COM
pany may require. and as they may deem reduis-
| Ito and necessary for the guidance thereof,
provided the same do not conflict with this act
of incorporation. or with the laws OF this State
| or Of the United States.
| ARTICLE v.
| This incorporation may be changed, modified
or altered. Or this corporation may be dissolved
at general meeting convened for that purpose
with the assent of three-fourihs of the existing
stock after thirty days prior notice shall have
been given OF such meeting by publication in