New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-08
ACT OF INCORPORATION.

s...r.. Mr Chicago Times.
ACT OF INCORPORATION.
An. ACT OF INCoRPOKATIoN-srA
n OF LOUISIANA, CITY NEW ORLEANS.
yen e Of 6 oa n ha 6 hs day Of APr in the
and Of the Independence the Tilted States Of America he
us 6siG5e re Edward e. Gottsehak Notary Public
and the city Of New Orleans personally came and appeared
tRat ayepg POyoSs the dsfS
tons n ut Sa relative bt to the Of
~ these presents covenant agree and bind to
and purposes and under the stpnaons regulations FOL
ARTICLE FIRST
The pane and title Of this corporation shall Louis.
Is hereby established the City Of New desn ene snS di aoS
shall have been subscribed f and b en anoasand Dollars
of Ten Years from the date II shall have cop9Fste
Louisiana and for an inscription the Of tile company
ARTICLE SECOND.
The object and purposes Of the Company declared
The Parish Of Caicasiea state and covering trSc
OF about fourteen hundred Of land with the privilege Of
he h l Of october 1855 win the exclusive Tght 70 Bore
coggdRng TO the terms Of said lease
To purchase and the said lands the necessary
machinery buildings tanks pipes ways rehneries and
other work necessary to procure Petroleum Coal on
NAV s aoon y he X ~ N s'e"peFe as
g. purchase lease lands deemed advisable by
the Board Of Directors and to dig and bore for Oil
works TO refine The Oh or Petroleum which may obtained
upon soen iAn's ARTICLE rrrpp
The G9ggl st9es Of The Company shan be one hundred
dred dollars each to 10 paid the following nanaer TO Wit
Fifty sent Of The amount subscribed to pc paid in cash
tember 1866 and per cent every thirty days thereafter
should the profits Of operating the wells be sufficient pay
the expenses thereof the Hoard OF Directors shall have the
inssmens and to DECLARE The stock At par and i:s9e
scrbed to.
a., ..-..... - AZ ' $40, --.-,
Board Of pirectoTs eompTised Of nin socEeJTs 30 Ss
elected on the LIST day Of june 1850 and who shall hold ee
elected Notices Of such election shall be given for days
Times some other newspaper published city
Board shall appoint three stockholders Inspectors preside
attend az President sha appoint others theF TIE
Of June each As the rs election
ter the same shall be presided by three Inspectors
70 oe appointed oy NE parties 20 this act In
eeiyinr liz ppay Of votes NJ e"1 NH o9 pes9nS 81
b. considered duly elected And in Tie event OF no election
another election to take place within ten s 6eSeafeT and
sEg a eB' aad p ege s se " S n entitled s
Of 6 Pr9 e yots S[ saeh and eyey share which
poraton company shall Be entitled to greater number Of
votes than twenty nor to vote after The st election
share transferred to him or them within ninety days prior to
such election.
AT the time Of the sxpratou Of the Charter og tho
company sooner ordered by Of the stockholders
q9idatsd its debts paid under he charge md @
three to be appointed by the Board of Drc
ftbe affairs Of said company
SIXTH.
pnnr1 oF T,;rsr+,rs sna1J az .lotr l.;
wear elect fron ibs11seyss % J VIE Sgsty
deSt and thew sa ao a. III s ti anu iSe Pres
reas,irer apd h p5o si td ys
u their shall elected The President shan be
or Other legal process apslpe The CoTnorsffog sS'
ARTICLE SEVENTH,
No person shall be capable Of being elected Director said
his continuance in Office hold in bis own name or ia ba u
me commercial h OF which he may be partner at least
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