The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-05
LOUISIANA CONSTRUCTION COMPANY.
CHARTER.

oil our LORD one thousand eight hundred and
notary public duly commissioned and eworn,
for the parish of Orleans, State Of Louisiana,
named and undersigned, personally abnears,d
the several persons whose names are hefeuntO
subscribed. who severaly declared that, availin9
conferred by the laws OF the 81 ate OF Louisiana
relative to the organization Of corporations of
public improvements and other purposes. they
had agreed to organize, constitute and found 8
corporation for the objects and purposes here
matter named and expressed. And to that end
they hereby agree covenant and bind them.
selves, and all such othet persons who may
hereafter Join them, or become associated with
them. whether BY subscription. purchase. trans
fer, succession or otherwise. to form themselves
into body corporate for the objects and pur-
poses hereinafter specified. and under the COM
ditions. stipulations and regulations following,
to wit:
The name and title OF said corporation shall
be THE LOUISIANA CONSTRUCTION COM
PANY, and bythat name shall have succession
the term OF twenty five years from the date and
execution q these presents. unless otherwise
dssolyed In the manner hereinafter provided
the city OF New Orleans. In the State OF Louis.
iana and 1t shall have corporate seal
ARTICLE II.
This corporation is established for the puy-
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
and franchises necessary or sefu for the OBJ
jects and uses of said corporation under this
charter. And said corporation is authorized
tracts for labor and for the construction and
maintenance OF railroads. canals, bridges,
ferries and roads. and also for the purchasing
for the mprovement Of lands and other prop-
erty for the development OF the agricultural
% o 81 the se and ior ell osher
In and. without the limits Of the State
Of Louisiana; To- purchase. lease. hold
rights and property neees sary or useful to said
corporation in any OF Its business. work or
SSpsgatonss t9 borr9w money to make notes
franchises to accept any devise. grant or fran
from cornorations or indvduaIs and said cor
poration shall have and possess all the powers,
RIGHTS and privileges which corporations arc
thorized to possess. and may exercise It's cor
porate powers In any other State OF the United
States that shall authorize the same. The said
and all other legal process ehal be served at the
Office OF the company In the city Of New Or
leans. upon the president, or. in his ABSENCE
upon the vice president OF the company
ARTICLE III.
The capital stock Of this corporation ls fixed
at the sum OF three hundred thousand dollars.
represented by three hundred shares OF the
par value OF one thousand dollars each, to be
o and tae ohsr Rs M
thirty days thereafter. Subscriptions for stock
p ~ who Be
ganize and to commence business when 1fty
the said capital stock. The capital siock q this
company may be increased to FIVE hundred
thousand dollars By vote q two.thirds Of the
shares Of one thousand dollars each, in which
event the original stockholders shall have the
he
then standing In their respective names: said
increased stock shall be paid for In such sums
may deem proper. No stoekholder shall! ever
be liable or responsible for the faulte or con-
q ths 10 r any q
than the unpaid balances due on shares Of stock
owned by him. NOR shali any informality In the
have the effect OF annui}ins this charter nor 81
making any stockholder liable beyond the
amount ann a1a Of unpaid subscrption On big stock
Of stock shall be- issued 70 The stoekhoIders.
the until made made upon upon Ia sooR boos
In case OF failure of any subscriber or stock
e pay ss ~ On ss g
option. after thirty days, notice q the deiln-
oueDt. OF FORGETTING his stock or the amourtg
sSs Rass Pd sh Ma ~
payment OF instruments due upon his stock.
ARTICLE w.
The corporate powers of this corporation
shall bs vested In and shall be exercised By
Board Of directors and such officers and employ
shall CONSIST fe sevsn members Of this com.
pany Ia majority OF which directors shall con-
s.itIte quorum wi who shall bee pc eisctsd as ners
rectors shall be composed OF Victor Meyer,
Brownlse ", Taylor, =. D; Frost. Carl Kohn
Urquharf. who shall elect from their own num-
appoint such other officers IS they may deem
proper. Said Board OF Directors shall continue
In Office until the first day Of January, eighteen
hundred and eighty after which time board
The Il s1S irst TuesSay IN December OF each year
tine first election to be held on the nrst Tuesday
Ia DeeembeE iehteen h9ndred and serenity. y
ers shall elect The directors shall at their 1rst
and vice president from their own number. and
may at any time appoint sucn other officers and
agents as they may deem proper. The Board
leans of the election Of directors. and shall APP
ns apS 1t S s1eet als e rs
cies: ANY. failure. from any cause whatever to
pose shall not dissolve this assocatlon but tbs !
directors then in Office, as 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 mem
toned. the President shall cause another cleo
ton to be held within thirty days thereafter
and give notice thereof as hersinbefore provided
for. At every meeting each stockholdsr shall be-
entitled 70 one vote for every STARE OF sock reg
fstered In his or her name, and may vote BY
proxy. The Board Of Directors shall have fall
power and authority to fill vacancies tn their
number. caused by death. resignation or other
pany. The said board Is further authorized to
frame and adopt such by laws. rules and re0u-
latfons as the affairs and business OF tne conn
ite and necessary for the guidance thereof.
provided the same 90 not conflict with this act.
OF incorporation. or with the laws OF this State
or Of the United States.
ARTICLE Y.
This incorporation may be changed, modified
or altered, or this corporation may be dissolved
at general meeting con YauAd for that nurY1Q44