The herald. [volume] (New Orleans, La.) 1905-1953, 1916-04-13
RAnSr PAVING COMPANY. nc.

State %: Louisiana. Parish ct Orleans, City
p. g.. t..,, ' Az a., o ,a ,s,s 2,-l 4av Of
February, ~ The year Of our Lord. oae II. u
sand. rr.e hundred AID sixteen. before '.r.
Pr-.y ~~-nr- Benedict, Q notary public
dl.y n.,a. --..red and qualified, ." and fog
i've Pa-.-a aU4 STATE aforesaid. therein 'e'
siding. and ~ The presence u the witnesses
hereinafter named and undersigned, person
ally cane ard appeared TIE persons whose
names 90" Hsr'uH'n s.'ogHAet, all %; Ij.'
who scvr-aIy declared that, avall0c them
selves - rar provisions oi the Ac- Of the
Legislature %: THIS State. beng known as
Act NJ. ~ 81 the Session Acts Of 1914 they
and bind themselves, as well as such other
persons as may become hereafter associated
with them, IN order q form and constitute
corporation or body polite IN law, Tor the
lat.0ns following to-wit:
Article The name and title OF this cor
poratio1 shall be "Babst Paving Company.
Inc" Of New Orleans, Louisiana, and II
shall have AID enjoy succession and exist
euce for q period Of ninety-nine years from
date hereof. II shall have, enjoy and pos
sess all the powers, rights. privileges and
immunI;ies accorded TO corporations under
the law.
Article 1.-THE domicile Of this corpora
ton shall be IN the City OF New Orleans,
State Of Louisiana, where all citations and
other legal process shall he served upon its
the Nice-Prcsideut, and in case OF the alb
seuce OF the Vice President upon the Sec
rc,ary-Treasure- thereof.
Article IIl.-Thc objects and purposes for
which this corporation Is organized, and the
nature Of the business 10 be carried on by
IL are hereby declared 70 be: 10 construct
and maintain works OF drainage, sewerage
and land reclamation; TO build and construct
sewers and drains; to construct water works
or electric light systems and lay pipes in
connection herewith 10 construct, grade,
pave roads, streets and sidewalks, and to
build levecs 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
qure, construct, operate, own, lease, buy or
sell railroads, tramwayS, steamboats,, tugs
barges, docks and elevators; to buy, sell and
deal in cement, sand. gravel, rock and other
material, and generally 10 do and perform
any and all other things that may be neces-
sary 10 carry out the objects and purposes
OF this corporation.
Article IV.-The capital stock of this cor
poration is hereby declared TO be the sum
Of ten thousand dollars, divided into one
hundred ZOO shares of the par value Of one
hundred dollars $4,000 each; and this cor
poratIon shall be operative and go into busi-
ness and become 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
fer OF stock shall be binding upon this cor
Poration 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 TO 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-
isfaction as to the price the matter shall be
arbitrated. one arbitrator with the powers
Of amicable compOunders 10 be appointed by
- nd q he Selp cd nv
those two, who shall take oath, and whose
decision will be final, and no recourse TO the
courts TO be hereafter allowed. And all the
shares OF stock when so purchased may be
reissued at not less than par value.
Artiyle N.-l-The corpdrate powers Of this
corporation shall be vested in a Board Of Di-
rectors to be composed Of three directors 10
be elected by the stockholders at a genera
meeting TO be held the fourth Monday of
January in each year. No stockholder 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.
2-The Board of Directors shall have the
power to make all bylaws, rules and regu.
business affairs Of said corporations; shall
elect from their number a President. Vice
President and Secretary-Treasurer.
5-Until the election TO be held as herein
above provided, the following shall consti-
tute the first Board Of Directors, viz:
Charles ]. Babst, No 1913 Sixth street; Frank
l.. BaOst, No. lOlJ Sixth street: Charles A.
Favrot, No. 2Ol4 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.
Original signed:
CHAS A. FAVROT. 10 shares.
10l4 Richmond Place.
FRANK l. BABST, 10 shares,
CTAS. ]. BABST, 80 shares,
F. p COUSIN.
II. d. KNAPP.
PERCY g. BENEDICT, Not. Pub
l, the undersigned, Recorder Of Mortgages,
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act of incorporation of the
Babst Paving Company, Inc, was this day
duly recorded in my Office, in Book ll9S,
folio 2ls.
New Orleans. February 25rd. 1916
Signed: EMILE J. LEONARD, D. r.
= Perry S. BENEDICT, Net. Pub
(Mchl6-2j-3OApr6-l3-W