The herald., 1916-03-30
CHAR TER.
BsBST PAVING COMPANY, INC.
State Of Louisiana, Parish OF Orleans. Cit
gE


BsBST PAVING COMPANY, INC.
State Of Louisiana. Parish of Orleans. City
OF New Orleans.
he II known, That on this 23rd day OF
February, IN the year OF our Lord one thou
sand, nine hundred and sixteen before me
Percy Sommer 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 hereunto subscribed, all Of full
age Of majority and residents Of this city,
who severally declared that, availing them
selves OF the provisions OF the Act OF the
Legislature OF this State, being known as
Act No. 26 OF the Session Acts of 1914, they
DO, by these presents, covenant and agree
and bind themselves. as well as such other
persons as may become hereafter associated
with them, in order 10 form and constitute
corporation or body polite in law, for the
objects and purposes. and under the stipu-
latIons following, to-wit:
Article 1.-The name and title Of this cor
poTation shall be "Babst Paving Company
Inc of New Orleans, Louisiana, and il
shall have and enjoy succession and exist
ence for period Of niuety-nine years from
date hereof. Ii shall have, enjoy and pos
sess all the powers, rights, privileges and
immunities accorded to corporations ~.der
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 be served upon its
President, and in case OF lbs absence upon
| the NIce-Presdent, and in case of the alb.
sence OF the Nice-President upon the Sec
retary-Treasurer thereof
Article III.-The objects and purposes for
which this corporation IS organized. and the
nature OF the business 10 be carried on by
II are hereby declared 20 be: 10 construct
and maintain works Of drainage, sewerage
| and land reclamation; 10 build and construct
sewers and drains; 10 construct water works
or electric light systems and lay pipes in
connection Herewith; 20 construct, grade
pave roads, streets and sidewalks, and to
build lcvccS and construct other works Of
public improvement; and in connection there
with 10 purchase, own, lease and sell lands
buildings and other property necessary for
the purposes above designated and to &C
qulre, construct, operate, own. lease, buy or
sell railroads, tranways, steamboats,, tugs
barges, docks and elevators; 20 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-
saTy to carry out the objects and purposes
Of this corporation.
Article IV.-The capital stock of this cor.
poratIon is hereby declared 10 be the sum
Of ten thousand dollars, divided into one
hundred 600 shares Of the par value of one
hundred dollars $4,000 each; and this cor.
PoFatlon shall be operative and go 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:
al 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 ne shall have first offered same
IN writing TO the Board Of Directors, which
will have the right 10 purchase same within
ten days thereafter. at the valuation deter
mined by the Board; and in case Of dissat-
iStaction as 10 the price the matter shall be
arbitrated. one arbitrator with the powers
OF amIcable compounders 70 be appointed by
each side and an umpire 20 be selected by
those two, who shall take oath, and whose
decision will be final, and no recourse 20 the
courts TO be hereafter allowed. And all the
shares OF stock when so purchased may be
reiSsued a. not less than par value.
Artivle Willie corporate powers OF this
corporation shall be vested in a Beard Of Di.
rectors to be composed Of three directors 70
be elected by the stockholders at a genera
meeting TO be held on the fourth Monday Of
this corporation shall be eligible as a drec.
tor unless he owns in his own name at laest
I'VE full paid shares Of the capital stock
2-Ihe Board Of Directors shall have the
lations necessary for the conduct Of the
business affairs Of said corporation; shall
elect from their number a President, Vice.
President and Secretary Treasurer.
@Cntil the election 10 be held as herein
above provided, the following shall consti-
tute the first Board Of Directors, viz:
Charles J. Babst. No. 1918 Sixth street; Frank
1. Babst, No. 1915 Sixth street: Charles a.
Favrot, No. 1l+ Richmond Place. with
Charles J. Babst as President, Frank l.
Rabst as Vice President, and Charles A.
Favrot as retary-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
aPpeareTs and me, notary, after due reading
of the whole.