The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-23
CHARTER.

RABST PAVING COMPANY. INC
State Of Louisiana. Parish Of Orleans. City
of New Orleans.
Re II known, That on this 25rd day Of
February, IN the year Of our Lord one thou
sand, nine hundred and SiNteeu, before me,
Percy Sonmcr 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. 267 Of the Session Acts OF 1914. they
do, by these presents, covenant and agree
and bind themselves, as well as such other
persons a may become hereafter associated
with them, in order to form and constitute
a corporation or body polite in law for the
objects and purposes. and under the stipu.
lations following, to-wit:
Article THE name and title of this cor.
poratlon shall he "Babst Paving Company
Inc. of New Orleans, Louisiana. and il
| shall have and enjoy succession and exist.
encc Tor period Of nInety-nine years from
date hereof 1t shall have, enjoy and pos.
SeSs all the powers, rights. privileges and
immunIueN accorded to corporations under
the law.
Article 1.-THE domiciIc Of this corpora.
ton shall he i'm the CITY Of New Orleans
|
other legal process shall be served upon its
President. and IN case ~ - absence upon
the VICE President. and IN case Of the alb.
sence OF The N1ce-Prcsidcot upon the Sec.
rotary Treasurer thereof.
Article lll.-The objects and purposes for
which this corporation is organized. and the
nature ~ the business TO be carried on by
II are hereby declared 10 he. To- construct
and maintain works OF drainage sewerage
and land reclamation: 90 build and construct
sewers and drains: 10 construct water works
o. electric light systems and Law pipes in
connection .thCrewIfh: to construct grade
buld lTvtc~ and construct other works OF
public Improvement: and m connection there.
WIN 10 purchase, own, lease and sell lands,
buildings and other property necessary for
the purposes above designated. and To &C.
qulrc, construct, operate, own. lease. buy or
sell railroads, tramWayS. steamboats, tugs
bargcS. 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 tina; NAV be neces-
safy 90 carry out the objects and purposes
~ Tins corporation.
Article lN-The capital stock Of This cor.
Pgrat'on = hereby declared to be the sum
81 ten thousand dollars divided into one
hundred tlunl shares of the par value OF one
hundred dollar, $4,000 each; and this cor.
porauou shall be operative and 20 into huSi-
ness and become 4 going concer, when the
one hundred shares Of lis capital stock shall
have been subscribed and paid for. to.wit.
az the execution Of these presents. No trans
ter OF stock shall he binding up0n this cor
porauon unless same appears on the books
thereof
No stakeholder shall have the right 10 as
sign or transfer any share or shares held by
nm unless he shall have hrSt offered same
m writing g. the Board Of Directors which
VIII nave the night 10 purchase same within
ten days thereafter. IT the valuation dete-.
mined by the Board; and IN case Of dissat-
iNIacuon a. 10 the PRICE the matter shall be
aLnlNlted, one arbitrator with the powers
1t 7WIcaDe Cunp0urdcr- to be appOinfed nv
each side and umpire 90 be selected by
those two. who shall take oath, and whose
decision will be fual, and no recourse 70 the
courts 10 he hereafter allowed And all the
shares OF stock when So purchased NAV be
TeisSued a. not less than par value
ArtIyle N.-l-The corporate powers Of this
corporation shall be vested in a Board Of Di.
TecioT' 20 he composed Of three directors TO
he elected by the stockholders at ge1e-a,
meeting 20 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
hye ~ rp.l paid shares Of the capital stock.
The Board OF Directors shall have the
power to make all bylaws, rules and reRu-
latlons necessary for the conduct of the
business affairs Of said corporation; shall
eject from their number a President, Vice
President and Secretary Treasurer.
S-Onul the election 10 be held as herein.
above provided, the following shall consti.
tute the first Board of Directors, viz:
[ harles J. Rabst. No. 1913 Sixth street; Frank
/. Bahst. No. lOlj Sixth street: Charles A.
Favrot, No. 20l+ Richmond Place with
I harles !. Babst as President, Frank l.
Bahst as NICe-Presideui, and Charles A
Fayrot as Secretary Treasurer.
Thus done and passed az my office, in the
lily Of New Orleans, on the day and date
list above written, in the presence OF
Nessrs. Edward I. Cousin and Horace ID.
Knapp, competent witnesses, who have here
INTO subscribed their names with the said
ippearers and me, notary. after due reading
( the whole.