The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-02-26
CHARTER.
STATE OF LOUISIANA.
PARISH AND CITY or NEW oRLEAN

| PARISH AND CITY OF NEW ORLEANS
- tie'h ,iay 81 February. ID ,he year Of our
Lord ono thousand etght hundred and eighty.
and Of tho Independence Of tho United States Oh
| America the ono hundred and fourth. bs-
| foro mo. Andrew Hero. Jr, n notary pub
| lie In and for the parish Of Orleans state OF
| Lcuisann, duly commissioned and Qualified.
ana Ia tho presence or tho wltnosses herein-
| after named and unisrsignsd. personally came
and appeared tho several persons whose names
arc hersunto subecrhei. who declared that.
hvnillng themaelvss of tho provisions or tho
laws Of this State relative 70 the organization
mont and utility. they have contracted and
/ agreed. and do by kllese presents covenant and
agree srse ana o. bind thsms,lves IA we'll as sne5
with Thorn. e. form aud constitute u corpora-
ton and body polite IN law for tho objects aud
| purposos aud under tho stpuiatIonB and arti-
Clos following. viz:
ARTICLE II.
be THE T. hMERiGAN UNION fErEHRXPH
Of Louisiana. Said corporation shall exist and
ahnla b%ys nnn enjoy apro s.ion under ts
period OF twenty. five years from and after the
fltst dry q , y.hru"ry 81 the present year,
have power ani authority to contract. sue
and BIO sued under it's corporate name: to
alter at plsaeure;, 10 hold. receva, purchase
| aud convey. ma wsll ns mortgage an hypoibe-
| cate under tts 'rporate name, properly, both
| real and personal TO namn.and appoint such
managers. directors and officers IA heir con-
| vent. nee may require md 70 make aud eetnb-
lish such by laws rules mud reg ul.tous for tho
proper mnnnaenant mud registration OF the
affairs OF said oornorhttoa hs may bs necessary
| and proper. aud 'he same to change. alter and
| ARTICLE II.
| The objects and PURPOSES for which this cor
porntion Is asnbahet. md the nature of the
bnsin.ss to b. Carried on by It are hereby de-
n INA tht, rnattn nj ~ ~
| telegraph and ~ patch lines In nnd through
ont the State of Louisiana. ~ well ~ the States
hrkanens and Texas. with nil noes ssary sta
lions. "ffees. nptarhtus and equipments. and
TIC n4o thereof n hsrapi transmission, for
| remuneration and profit Of Information. mes-
| sages and other intellieenes. by eectric Bgen-
clos and magnetic Telegraph. to AID from va
riona pnces Ia the aforesaid States and ese-
ARTICLE III.
| The capital stock Of said corporation Ia here's
which shall be divided into one Thousand
| shares Of fifty dollars anch: and the times aud
mnnnar q payment for such stock shal be
liked ana determined upon ny the first Board Of
Directors OF said CORPORATION. and ten days
| public NJ tlcs" y zach call for payment shalt be
given IN ono Of the daily newspapers published
Ia the city OF New Orleans Tho aubseribers
| hereto shall eauae books OF aubsc, ptlon to BIO
opened ior tho purpose. o. ob'aninR subscrip-
tions to the capital stock of said company; and
| az soon as thirty thousand dolldrs Of said capt.
tai stock sha have boon subsc,ibsd the bust
aaid snbscr.b"rs 4hhlI proceed to tho election OF
tho frat Is ard Of Directors hereinafter pro.
Si 9, ,r Who sha continue * Office until ths
mrs! MondhY of january, A. ID 1891. or until
| their SUCCESSORS shall have boon elected.
ARTICLE Nv.
The business and nfftirs Of said corporation
shall b" under the superviston aud MANAGE
mont of n b ard Of Directors to be composed
Of five atockholders. each Of whom shall own
IL his own nameten shares 81 tho capital stock
Of said corporntion. Said y ard OF DIrectors
shall be elected annually on the fret Monday OF
january In shch year. and Of which eectionR
twenty days prior notice shall be given by pub.
lication In ono OF tho new4pHpers of the city OF
New Orenna. except MS regards the first cleo
ton. which shall rennire NJ publication. All
tho superintendsnca OF three stockholders, to
be appointed by the Board Of Directors for
entitled to one vote. either In person or BY
proxy. Mt oil elections or meetings OF stock
m. Board Of Directors ahall elect annually'at
their first mo. ting ono Of their number as presf
dent and another MS vlce president rs also q
other legal process shall be served upon the
secretary of said company. Three OF said
hnn sha for the
have full power to appoint such officers, clerks
or agents as may BIS deemed necessary for the
business OF said corporation. and to make
and establish. rs well M alter and amend. any
and all by laws. rules and regulations as they
mont and protection Of the affairs business and
said Board OF Directors shall have the right to-
appoint any other stOckhoider to act for and
represent rim ~ any and all meetings OF said
Board Of Directors during his absence from
this State and which said appointment shall be
In writing and entered on the minutes OF said
company. and which said proxy. when so APP
pointed. shall have and exercise all the powers
and immunftics of such absent director.
ARTICLEV.
This net OF incorporation may be changed,
modified or altered or said corporation may
be dissolved with the assent Of majority In
M nfttfn d nf tirv1
At any general meeting Of tho stockholders
thereof convened. after ten days notice of such
meeting shall have bsen rat given In one or
more newspapers published In the city Of New
Orlean5.
ARTICLE vi.
Whenever this corporation Is dissolved either
by limitation or from any other cause its
affairs shall be liauIdated under the superin-
tendence of three Stockholders. to be appoints
cd for TINT purpose by the p ,ard Of Directors.
and who shall remain In office until the afr tirs
Of said company shal hay, been finally closed
and ltquidated and In caso Of the death Of
either one or two Of said commissioners the
survivors shall continue to act.
ARTICLE VII.
No stockhoder shall over be liable for the
contracts or faults OF this corporation In any
paid balance may be due BY him thereto on the
shares Of the stock that he may own theretns
nor shall any mere informaty IN organization
have the effect Of rendering this act OF incor-
poraton null. or exposing any stakeholder to
any liability beyond tho amount of unpaid
balance due on his stock.
Orleans aforesaid. In the presence OF David j.
bowers and Daniel P. j. Craven Witnesses.
both Of this city. who hereunto sign their names
with the parties and mo. the said notary. the
day and date aforesaid
Original eignedl
EDWARD LELOUP. and others:
u. J. BOWERS.
d. p J CAVEN
ANDREW HERO. JE Notary Public.