Natchitoches union. [volume] ([Natchitoches, La.]) 1859-1864, 1862-08-14
STATE OF LOUISIANA.

quick as possible all the labourres promised
by them.
STATE OF LOUISIANA.
CITY OF NEW ORLEANS.
DEF known TINT on this thirtNfrst day Of
I'D March, in the year of our Lord one
thousand eight hundred and sixty-two, before
me, Theodore Guyol, q notary public, duly
commissioned and sworn for the Parish of
Orleans, State OF Louisiana, and -inthe pre-
sence OF the witnesses hereinafter. named and
undersigned.
Personally came and appeared the PARTIES
whose names are hereunto subscribed. who
declared that availing them elves of the, pro-
visions Of an act passed by the Legislature
OF the State OF Louisiana entitled IAN act
for the organization Of Corporations for
Works Of Public Improvement and Utility"
approved March l4th 1865, they have co.
venanted, agreed and bind themselves and those
whom they represent, to form themselves into
aud constitute a Corporation for the object
and purposes, and under the stipuIations and
regulations following to-wit
FIRST.
The name and title Of the Corporation
shai SbeTHE LOUISIANA SALT MASuFAcTeRtNe
COMPANY, by which name and title it shall
be known. 1t shall exist for a period Of
twenty five years. Its domicile shall be in The
city OF New Orleans, and the President Of
the Board OF Directors shall be the person
upon whom al citations OF whatever kind or
nature shall be sewed.
SECOND.
Tlesbusiuess Of the Corporation shall be
the manufacture of Salt, conducted either BY
artificial or atmospheric evaporation in one
Or more places in the State Of louisiana, One
Of its purposes shall be to carry on the same
manutaeiar are, under the provisions OF an act
passedxby the Gneneral Assembly Of the
State OF Louisiana. under date Of the twenty
third day Of January, eighteen hundred and
si2ty-two, and granting to Prqfcssar r.
Ih0mGsW an e~gcttSire right to use certain SAT-
Springs md Saline qsffters d5sco1e7ed or made
apaiiab}e byhim for the period of tuenty 51ue
gears; and to more e~fectunlly secure its
own interest, the Company shall have the
right of purchasing any private lands having
saline waters or useful to the Salt enterprise.
THIRD.t
The capital stock of Corporation shall bel
seventy6ve thousand collars fS75, 0OG1 diyid-
ed into seven hundred and fifty shares Of one
hundred dollars each ; and it may hereafter
be increased by q vote of three-foarths Of tAste
stockholders to an amount not exceeding two
hundred and Fifty thousand dollars.
FouRTH.
The bu siness and affairs Of the Company
shall be managed by a Board of Directors Of
stockholders, one OF whom shall be the Pre-
sident.
The said Raymond Thomassy being the
founder Of the corporation, shall be sole SUI
perintendent Of the Salt manufacture, and also
shall be permanently one of the FIVE Direc-
tors. The other Directors every year, on the
first Mon5ay of March, aud in a general nee
ting of the stockholders shall be elected by
the majority of the votes, each share re-
presenting a vote. A failure to elect Direc-
tors shall not cause a dissolution of the cor
poration, but the old Board shall continue to
exercise its functions until a new ona shall
have been elected, and it shall have also the
power to fill the vacancies in case of death
or inability Of any Of its members. Three
members of the Board shall form q qou-
rum.
FIFTH.
The following stockholders, viz: John II
Adams, President +; Stanilas Plassan, Carl
Kohn, Fergus Peni5ton and Raymond
Ihomassy, are hereby declared to constitute
the actual Board Of Directors until the elsc-
ton of the first Monday of March, eighteen
hundred and sixty-three.
SIXTH.
The management of the financial business
Of the company shall be vested exclusively
in the President and Board of Directors,
who shall appoint all the accountable officers.
The President shall keep, or cause to be
kept, proper books of account, setting forth
oil the transactions and affairs of the corpor-
alton. A report on its situation shall be
by him every year at, the general
Of the Stockholders, at which time
dividends Of the profits, if any there be, shall
be declared.
SEVENTH
The said Raymond Thornassy, as sole s1-
1erintendent Of the salt works, will purchase |
md erect, or cause to be erected, all nccegsa-
y engines and boildings, appoint and EN-
oloy all technical officers, servants and work