The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-12
LOUISIANA CONSTRUCTION COMPANY.
en- mHYM


notary puDie. duly commissioned AMI sworn
Tor the parish OF Orleans, Btnts 81 I,ousiaua
and In the presence Of the witnesses HEREINAFTER
named and undersigned. personally arus,rad
subscribed. who severally declared that. aYailifr
tbemselyeg Of the powers, rights and privilege
relative 10 the organization pf corporations of
public improvements and otber purposes. they
had agreed TO organize. constitute and found q
| corporation for tne objects aud purposes here
matter named and expressed. And to that end
they hereby agree. covenant and bind them
sss asas,i ana al such other persons whq may
for. succession or otherwise. 10 form ihe,nseives
poses hereinafter specified. and under tiie con.
aitI9,ns. stipulations and regulations following.
ARTICLE l.
be 1 T pa9 Sqa wv q S ssia shai
| PANY. and by that name shall hsye stereasl0n
and have corporate existence TOR and during
| execution Of these presents. unless othsfwise
dissolyed IN the manner hereinafter provided
city IL ~ sae i sh Eaa b
lana. and II shall have corporate seal
ARTICLE H.
This corporation Ia established for the pur.
| pose OF constructing railroads. canals. bridges.
ferriea and roads. for the Improvement ~ lands
utility or Improvement within or without the
| limits OF tho State OF Louisiana and for the
acquisition, Of all contracts. rights. privileges
jects and usos Of said corporation under this
charter. And said corporation, Is authorized
tracts for labor and for this construction and
.nalIntenanse Of railroads. canals. bridges.
ferries and roads. and also for tho purchasing
or lehslng OF inc same or any part thereof, and
| Tor the Improvement OF lands aud other prop
srty Tor the dsyelopmsnt Of the agricultural
works Of public utility or Improvement With
~ aud without the limits Of ths state
ona se aaa a Y pgpessse les.e hold
| rights and property peegs sary or useful 10 said
| corporation in any Of Its business. work or
| bonds and Other obligations; 10 mortgage or
pledge my 81 Inc property, rights. privileges or
fTTa,nchilsen 70 accept any deyiss gfsnt Or fran
from corporations or individuals: and said cor
porafioU shall have and possess all tbs powers.
or may bs by any general law OF this f&ate an-
thorzed 70 POSSESS. and may exercise tis cor.
States that shall aui hof ize the same. The sad
corporation ulay sue and be eued. Citations
and all other legal process shall be served at the
leafs. upon the president. or. In his absence,
upon the Vice president Of the company.
ARTICLE III.
The capital stock OF this corporation IL fixed
at tho sum of thres hundred thousand dollars,
represented by three hundred shares Of the
paid Tor az follows: One.half In money at the
time OF subscribing and the other half within
may be received BIZ any one who shall be- desig-
mated By majority Of the subscribers 10 this
charter. and the company may. proceed to ore
Thousand dollars shall have been subscribed OF
the said capital stock The capital stock Of this
oss y b. V XXI a q se
stock. to be divided IN like manner into
shares Of one ,honsand dollars eae6 ID which
preferred right Of subscribing 10 such increase
q stock. Ia proportion TO ths number OF shares
increased stock shall be paid for ia su Ii sums
and az such periods % tre Board OF Directors
b. ben Or pro9sr k os shall
tracts OF this corporation. nor In nor for any OF
iis transactions or business In any further sum
owned by him. nor shall any info rmaIity In the
3rganizati1n OF the corporation. or otherwise,
haze the effect q as charter nor q
q the s 81 Pc g. s ssp
a s e ssaed e Hsess
but no transfer Of stock shall be binding upon
the con Da9 9s, until made upon ~ stock books
auirea. the Board Of b%ectors shall Ina have . tie
oHsn 81 orfsns s STOCK P or he 'n amounts asn
preyi2usly paid thereon. and no stockholder
q @ su s1s hs ssok .0r
~ The !, corporate powers IF this corporation
Board Of Directors and such officers and employ.
ees as they may appoint. The Board Of Directors
pany "a majority Of which directors shall h con-
siitute quorum who shall be elected AS here
matter provided for. The first Board Of DE-
Tsy iio9ps Frost S GAR nks osn
Albert Baldwin. Theodore Hellman and David
s anal VIZ is ss sbs
pTopsr Said Board q Drsers sSa e eonsinue
husdrsd and eighty. alter when ms ssa sossd
Of seven directors shall be elected annually on
s sseSn 70 3 RsS o. Il ss sy
10 December eighteen hundred and seventy
nine) The election for directors shall bs By
ers shall elect The directors snail at their frst
meeting alter their election elect q president
a
Of Directors shall give at least tsn days, notice
leans Of the election Of directors, and shall ap-
point three stockholders to preside at such cleo
snail n g. uE ss1S the
cies: any failure from any cause whatever to
elect directors on the day named for that pur-.
directors then In Office as we'll As the President
Vice President and all other Officers shall hold,
until nj thsls are chosen In the
toned. the President shaA cause another cleo
ton to be held within thirty days thereafter,
and give notice thereof AZ herefnbefore provided
for: At every meeting each stakeholder shall be-
entitled to one vote for every STARE of stock reg
1stered IN his or her name. and may vote By
proxy. The Board Of Directors shall have full
power and authority to ALI vacancies Ia their
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 snch by. laws rules and regu-
lations as the affairs and business OF the com
many NAV Yenufre and aa thav mi NecTu reQUiB-
lite and necessary for the guidance thereof
provided the same do not conflict with this act
OF Incorporation, or with the laws OF TINS STATE
or Of the United States.
ARTICLE Y.
or altered or this corporation may be dissolved
at q general meeting convened for that purpose
with the assent of three-founhs Of the existing
stock after thirty days prior notice shall have
been given OF such meet ting BY publication in
one OF the newspapers published In New Or