The herald. [volume] (New Orleans, La.) 1905-1953, 1916-04-06
CHARTER.
(hAR Elk.
RARST pANINE CnNpANN NC

BABSI IANlNG COMPANY, I'M.
State Of Louisiana. Parish Of Orleans, City
Of New Orleans.
BE u known. That on this 22rd day Of
February. IN the year OF our Lord one thou
sand, nine hundred and sixteen. before me,
Percy Sommcr Benedict, a notary public
duly commissioned and qualified, IN and for
the Parish and State aforesaid. therein re-
siding and IN the presence OF the witnesses
hereinafter named and undersigned, person
ally came and appeared the persons whose
names are hcreuut0 subscribed, all of full
age of majority and residents OF this city,
who sevcrally declared that, availiug them
selves Of the provisions OF the Act of the
Legislature Of this State, being known as
Act No. 2b7 Of the Session Acts OF 1914 they
do. by these presents, covenant and agree
and bind themselves, well as such other
persons as may become hereafter associated
with them, in order 10 form and constitute
objects and purposes, and under the stpu-
lations following, to-wit:
Article 1.-The name and title of this cor
poration shall be "Babst Paving Company,
Inc; Of New, Orleans, Louisiana and IT
! shall have and enjoy succession and exist
ence for period OF ninety-nine years from
date hereof. 1t shall have, enjoy and pos
sess all the powers, rights, privileges and
immunities accorded TO corporations under
the law.
Article 1.-THE domicile Of this corpora
| ton shall he in the City of New Orleans,
| State Of Louisiana, where all citations and
| h'ttI regal process snail De served upon It's
President, and in case OF RS absence upon
| the Vice President, and in case Of the abb
scncc Of the Nicc-Presdent upon the Sec
rotary Treasurer thereof
Article III.-The objects and purposes for
! which this corporation Is organized, and the
nature of the business to be carried on by
| II are hereby declared to be: to construct
and maintain works OF drainage. sewerage
and land rcciamation; to build and construct
sewers and drains; to construct water works
| or electric light systems and lay pipes in
connection herewith; TO construct, grade,
| pave roads, streets and sidewalks. and TO
| build levees and construct other works Of
public Improvement; and in connection there
with 70 purchase, own, lease and sell lands,
buildings and other property necessary for
| the purposes above designated. and to &C
quire, construct, operate, own, lease, buy or
sell railroads, tramways, steamboats,, tugs
barSes, docks and elevators; TO buy, sell and
deal in cement, sand. gravel, rock and other
material. and generally to do and perform
any and all other things that may be neCes-
Sary 10 carry out the objects and purposes
Of this corporation.
Article IN.-The capital stock of this cor
poration is hereby declared 10 be the sum
Of ten thousand dollars. divided into one
| hundred tlul) shares OF the par value of one
| hundred dollars $4,000 each; and this cor
| poratlon shall be operative and 20 into bust
! ness and become a going concern when the
! one hundred shares OF its capital stock shall
! have been subscribed and paid for to-wit:
| At the execution OF these presents. No trans
| poratlon unless same appears on the books
! thereof.
| No stakeholder shall have the right to as.
| sign or transfer any share or shares held by
| him unless he shall have first offered same
| IN writing 90 The Board Of Directors, which
| will have the right to purchase same within
| ten DAYS thereafter. at the valuation deter
| mined by the Board; and in case of dissat-
| 'siacton as 20 the price the matter shall be
| arbItra'ed. one arbitrator with the powers
| Of 7micahle compounders to be appointed by
| each side and an umpire TO be selected BY
! those two, who shall take oath. and whose
| decision will be final, and no recourse 20 the
! courts 10 be hereafter allowed. And all the
| shares ot stock when so purchased may be
| reiSSucd at not less than par value.
| Ar.lvlc N.-l-The corporate powers OF this
| corporation shall be vested in a Board Of d.
| reCtors to be composed Of three directors 70
| be elected by the stockholders at a genera
/ meeting 10 be held on the fourth Monday OF
| January in each year No stakeholder OF
| this corporation shall be eligible as a direc
/ tor unless he owns in his own name at laest
| five full paid shares OF the capital stock
The Board Of Directors shall have the
| power 20 make all bylaws, rules and regu.
| latious necessary FOR the conduct Of the
! business affairs OF said corporation; shall
elect from their number President, Vice,
| President and Secretary-1reasurer.
| S-UntIl the election 10 be held as herein.
| above provided, the following shall consti
;ute the first Board Of Directors, viz.
l. Babst, No 1915 Sixth street: CHARLES A.
Fsvrot. No. 2Oi4 Richmond Place. with
Charles J. Babst as President, Frank l.
Babst as Vice President, and Charles A
Favrot as Secretary Treasurer.
Thus done and passed at my Office, in the
City Of New Orleans, on the day and date
first above written, in the presence OF
Messrs. Edward P. Cousin and Horace D.
Knapp, competent witnesses, who have here
unto subscribed their names with the said
appearers and me, notary, after due reading
of the whole