Natchitoches union. [volume] ([Natchitoches, La.]) 1859-1864, 1862-09-04

Stockholders are invited to send him, as
quick as possible all the laboufres promised
by them.
STATE OF LOUISIANA.
CRY OF NEW ORLEANS.
DEit known that on this thirty-irst day Of
ID March, in the year of our Lord one
thousand eight hundred and sixty-two, before
me-, Theodore Guyol, a 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 awaiting 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 14th 1855, they have CO.
venanted agreed and bind themselves and those
whom they represent, to form themselves into
and constitute. o Corporation for the object
and purposes, and under the stipulations and
regulations following to-wit
FIRST.
The name and title of the Corporation
shallIbe The LOUISIANA SALT M~ANuFAcruRrNe
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 all citations of whatever kind ar
nature shall be sewed.
sEcoSb.
The business 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
its purposes shall be to carry on the same
manufacture, under the provisions of On act
passed by the Gneneral Assembly of the
State of Louisiana, under date of the twenty
third day Of January, eighteen hundred and
iixty-two, and granting 10 Professor K.
1homasSy an e~neiusiue right to use certain Salt
and Saline acaters discovered or made
tvaaabie byhim tor the period Of t,renty FIR
and to more effectualIy secure its
interest, the Company shall have the
light Of purchasing any private lands having
aline waters or useful to the Salt enterprise.
THIRD.
The capital stock of Corporation shall be
twenty-five thousand 1ollars ($75, 00O) divid-
d into seven hundred and fifty shares of one
hundred dollars each and it may hereafter
increased by a vote Of three-fourths of the
tockholders to an amount not exceeding two
undred aud fifty thousand dollars.
FOURTH.
The business and affairs of the Compapy
hall be managed by a Board of Directors of
tockholders, one of whom shall be the Pre-
dent.
The said Raymond Thomassy being the
1under OF the corporation, shall be sole stl-
OF the Salt manufacture, and also
nall be permanently one of, the five Direc-
1rs. The other Directors every year, on the
rst Mon lay Of March, and In q general NEE
ng of the stockholders shall be elected. by
ne majority OF the votes, each share re-
resenting q vote. A failure to elect Direc-
,rs shall not cause a dissolution of the cor
GRAFTON, but the old Board shall continue to
Iercise its functions until n new one shall ]
ave been elected, and it shall have also the
to fill the vacancies in case Of death
inability of any of its members. Three
embers of the Board shall form a qou-
I'm.
FIFTH.
The following stockholders, viz: John / :
dams, President Stanilas Plassap, Carl ,
ohm, Fergus Pension and RAYMOND ,
homassy, are hereby declared to constitute +,
le actual Board of Directors until the cleo I
of the first Monday of March. eighteen :
lndred and sixty-three. :
SIXTH. =
The management of the financial business +
the company shall be vested exclusively |
the President and Board of Directors, b
shall appoint all the accountable officers. t
ne President shall keep, or cause to be s
proper books of account, setting forth n
the transactions and affairs of the oorpor-
ion. A report on its situation shall. be
by him every year at, the general p
Of the Stockholders, at which time
gidends of the profits, if any there be, shall
declared.
SEVENTH. il
The said Raymond Thomassy, as sole SUI ii
of the salt works, will purchase o.
d erect, or cause to be erected, all n~ecessa- 5
engines and buildings, appoint and en-
all technical officers, servants and work
n, whose service may be required for the