The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-15

CnARTER.

notary public. duly commissioned and sworn.
and in the presence OF the Witnesses hereinafter
named and undersigned. personally appeared
the several persons whose, names are hereunto
of the powers. rights and privileges
conferred by the laws of the s ate Of Louisiana,
public improvements and other purposes. they
had agreed to organize. constitute and found q
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 other persons who may
hereafter Join them; or become associated with
them, whether by subse iption, purchase trans
fer. succession or otherwise. to form themselves
into body corporate for the objects and pur-
poses hereinafter specified, and under the con-
ditions. stipGlations and regulations following.
to w.t.
The name and title Of said corporation shall
pc THE LOUISIANA CONSTRUCTION COM
PANY. and by that name shall have succession
and have corporate existence for and during
Inc term OF twenty-five years from the date and
execution OF these presents. unless otherwise
dlssoiyed In the manner hereinafter provided
for. The domicil of said corporation shall be
the city Of New Orleans. in the State Of Louis
lana, and it shall have a corporate seal
ARTICLE H.
This corporation is established for the pur-
pose Of constructing railroads, canals. bridges
ferries and roads. for the improveme emf of lands
and other property and for works OF public
utility or Improvement vii hin or without the
acquisition of all contracts. rights. privileges
and franchises necessary or useful for the OBJ
jeots and uses Of said CORPORATION under this
and empowered to make or purchase any com
tracts for labor and for the construction and
ferries and roads, and also for the purchasing
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 the limits Of the State
OF louisiana; to purchase. lease. hold
and sell any lands. franchises, privileges,
rights and property necessary or useful to said
corporation in any Of its business. work or
operations; to borrow money. to make notes.
bonds and other obligations: to mortgage or
pledge any q its property, rights. privileges or
chise from any parish. town, city State. or
from corporations or individuals; and said cor
riphts and privileges which corporations are
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
and all other legal process shall be served at the
leans. upon the president, or, In his ABSENCE
upon the vice presidentof the company.
ARTICLE iii.
The capital stock of this corporation is fixed
at the sum Of three hundred thousand dollars,
reDresssntedi By three hundred shares Of the
paid for az follows: One-half in money at the
time Of subscribing and the other half within
thirty days thereafter. Subscriptions for stock
may be received By any one who shall be desig-
lated by majority OF the subscribers to this
charter. and the company may proceed to Or
thousand dollars shall have been subscribed OF
the said capital stock. The capital stock OF this
%hs q e 70 Az hunas
stock. to be divided in like manner into
shares Of one thousand dollars each, IN which
preferred right of subscribing to such Increase
OF stock. In proportion to the number OF shares
then standing In their respective names: said
and at such periods as ire Board of Directors
may deem proper. No stockholder shall ever
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 annuiling this charter nor OF
making any stakeholder liable beyond the
amount OF unpaid subscription on his stock.
The stock books OF the company shall be kept
at the office Of the com psny where certificates
but no transfer OF stock shall be binding. upon
the company until made upon it's. stock books.
In case OF failure OF any subscriber or stock
auired. the Board Of Directors shall have thes
option. after thirty days, notice to the de- -
auept, OF forfe;isti9E his stock or the amonn ts
shall have the right to vote while In defagl u sn
payment OF instruments due upon his - ~ ~, loI
ARTICLE ~.
shal vested In and shall e.s sefDoarq II
ep appon
shall consist If seven g6emhers ~ ,htg ec.Ors
pany "a majority Of yHich directors shall shat com com
inaser paroSdad shal be ELECTED
SFexalss Fros year carl 4ks Ssp
nrnuSart rnn h II o Heman and David
Der President and Vice President. and shall
'Sppont s saeh other officers as they may deem
Ia office until the first day OF January. eiohtasn
2i seven directors Be Elected annuaj Hga oo
tine first election to be- held on The rat faTn ysar
10 December, eighteen hundred and seventy
hhs a Ide election for directors shall be 81
sIs sHan eiecL me directors shall at their first
mee, , alter their election elect a president
may at any lime appoint such other Officers and
~ irs ~ .lsy may deem proper. The Board
In one of the Iswspapers Of the citv uays nofce
leans Of the election Of directors and sbelI ar
point POINT taree st9G holdersto preside at such eee-
ces Amy failure from any cause w ins vacan
elecs a1 hs an se day named for that pur-
directors then in o,e as well ne The P,a 1ds sne
VICE raesid y. anu other officers shall hold
event of no election n the de1 epHa. N Inc
toned the President skill cansa aro Jso n I
ton to be held within hirty davs tharae Siec
and give notice thereof az heyor aor
for. At every meeting eaI stoekbnIaer "a
entitled to one vote for evy &c ara 81 stonL r 90
istered in his or her nah and NAV y'v ynta sgE
proxy. The Board Of Dirttnra aha1Y sose ny
power and authority to All anan nc nave IL mi
number. caused By death. Ies.nation or otherr
wise; from nm am:ong the stockh,ders OF The et1
frame and adopt snch by laws uIes and regu-
lations as the affairs and busiLss Of the COM
an nay ana or az ,h ney deem
provided the same DO not eoDfiic with his act
of Incorporation. or with the Lava OF this State
or Of the United States.
ARTICLE v.
This incorporation may be changed. modified
or altered. or this corporation may bt Dissolved
at general meeting convened for that mrpose
with the assent OF three four rs Of the xisting