The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-13
LOUISIANA CONSTRUCTION COMPANY.
CHA TT r 70.

and in the presence OF the witnesses hereinafter
named and undersigned. personally appeared
the several persons whose names are hereunto
subscribed. who severally declared that. availing
themselves Of the powers, rights and privileges
conferred by the laws OF the State Of Louisiana
relative to tho organization Of corporations of
public improvements and other purposes they
had agreed to organize. constitute and found a
corporation for the objects and purposes here
matter named and expressed. And to that end
they hereby agree. covenant and bind them-
selves, and nil such other persons who may
hereafter join them, or become associated with
them whether by subscription. purchase. trans
fer. succession or otherwise to form themselves
into a body corporate for the objeets and pur-
poses hereinafter specified. and under the eon-
dltions. stipulations and regulations following.
to wit:
be THE LOUISIANA o0NSTRUGTioN CON-
PANY. and by that name shall have succession
the term Of twenty nvs years from the date and
execution Of these presents. unless otherwise
dissolyed in the manner hereinafter provided
for. The domicil Of said corporation shall be
the city Of New Orleans, in tho State OF Louis
lana. and 1t shall have q corporate seal.
ARTICLE II.
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 the
limits of the State of Louisiana. and for the
acquisition Of all contracts rights. privileges
jects and uses OF said corporation under this
charter. And said corporation Is authorized
and empowered to make or purchase any con-
tracts for labor and for the construction and
mantenance Of raj lroads. canals. bridges.
or leasing Of the Same or any part thereof and
for the Improvement Of lands and other prop
resources Of the state, and for all other
works Of public utility or Improvement with
in and without tho limits Of tho state
OF louisiana: to purchase. lease hold
and sell any lands. franchises privileges
rights and property necessary or useful to said
OpsrHtiOus; to borrow ru0ntJ. IT. fttftke notes.
bonds and other obligations; TO mortgage or
pledge any 81 It's pIQpertyi rights, privileges or
chise from any parish, town. city, State or
from corporations Or individuals; and said cor
rlahts ana privileges Whlch c0rpo' att ns are
or may bs by any general law OF this state au-
parate powers in any other State Of tbs United
Stat IS That shall authorize The Same. The said
corporation may sue and be sued. Citations
ma all other legal process shall be served at the
office Of tho company. in the city of New Or
leans. upon tho president, or, In his absence
upon the vic9 president of the company.
ARTICLE III.
The cnpital stock Of this corporation Is fixed
at the sum Of three hundred thousand dollars.
represented by three hundred shares Of the
par value of one thousand dollars zach, to be-
paid for as follows; Dne-hal in money at the
time OF subscribing and tho other half within
thirty days Thereafter. Subscriptions for stock
may DO received by any one who shall be desig-
GATED by u rnajority Of the Subscribers to this
charter and the company may proceed to or
gnniz9 and To commence business when fifty
thousand dollars shall have been subscribed Of
company may be increased to five hundred
thousand dollars by vote Of two-thirds Of the
shares Of one thousand dollars each nf IN which
event the original stockholders shall have the
| preferred right Of subscribing to such increase
| OF stock. in proportion to the number Of shares
| then standing ia their respective names: said
increased stock shall be paid for In such sums
and at such periods 10 tne Board of Directors
may deem proper No stockholder shall ever
| be liable or responsible for the faults or con-
tracts Of this CORPORATE on. nor in nor for any Of
| than the unpaid balances due on shares of stock
owned by him. nor shall any informally in the
have the effect Of annulling this charter nor OF
making any stakeholder liable beyond the
amount Of unpaid subscription on his stock.
The stock books Of tho company shall be kept
| at the office Of the company where certificates
Of stock shall be issued to the stockholders.
| the company until made upon its stock books.
| In case Of failure OF any subscriber or stock
holder to pay the iDstalment on bis stock as re-
| qufred. the Board OF Directors shall have the
option. after thirty days notice to the delin-
duent Of forfelting his stock or the amounts
shall have the right to vote while In default for
payment Of instruments due upon his stock.
ARTICLE ".
! The corporate powers of this corporation
9 9aa f ~ hi Slhd e tAsIeiseu ~
o. m ~ b -, +li, III - hs ~ ne5inpioy-
gb,I 9nsint 49, ,, : ~ 80 yts' v ~ ~, ooIoIs
,ann ~ ,"iorif 81 ,nhtnh d ~, oiis coln-
atitt ,, % b I h t Sha con
n na,s pt9 o iol. ine hrst JBoarl o. d.
nv ~ ~ Glhp2SI 81 titlor heyer,
bihrt pn; 1b ~ - Z hpSo, oai, hOhn,
I4t i iifDhoIp lleluan ana DAVID
80 Tiio 7li VIZ rom NOR own mum,
-. eaIt ~ Hlu ~ ca Ireeipeht, ana shalt
| hppolnI sue . otner oHIsers ~ they may deem
proper oaia poa,a vi blrecfqtS shall continue
ia Office unit the list day III January eighteen
| hundred ana eighty, after which time board
! IA nrat Tncsday In ueonrnhar of eaeh year
! Che first election to be- held on tha first Tuesday
! in December. eighteen hundred and s"venty-
nlhe). The election for directors shall be ~
4 ballot and n majority in amount of stock hold
eTs shall elect. The directors shall at their first
and vice president from their own number and
| nt IA, m