New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-05-14
ACT or 1NC0RPORA ZION.
AN Aor OF GNcnRpnRATI0N-- sTATE

~ a eSh bLNs@NJAaA Vim
An ACT OF 1NooRPoRATI0A- STATE
Re e KNOWS AK on 9ifE 6 81 gT 5 y Of Amt in the
JeEr Of our Lord one thousand eight hundred qd siXye
qiqetieth before me, Edward 9, Goschalt Notary Public
d commissioned and sworn in and for the parish OF Orleans
and the city of New Orleans personally and appeared
the persons whose names subscribed who declared
the State of Louisiana relative the organization of corpora
ons in this state they have coyeuanted sned and do
y these presents Goyenn agree and bind themselves 70 TORN
ARTICLE FIRST
The name and title of this corporation shall be the Louis
Is hereby established in the city Of New Orleans II snail com
mence lis business us soon sum Il Zen Thousand Dollars
shall have subscribed for and 1t shall exist the period
ssa having fer device ho Coat Of Arms Of t6e State Of
Louisiana and for inscription the name OF the company and
ARTICLE SECOND
object and purposes Of the Company are declared to he
Isl Tqpurcese the lease o! certain Coal OF lands situate
in the Parish of CGcaeeu in this State and covering tract
tie b dy Of e6 ~ 2F Se' s st sgi Ef o S
dig for and procure Coal oil or Petroleum on said lands ac
coTding to the terms of said lease
70 purehe and erect the said lands the necessary
Db 9gamgs tanks pipes train ways rennerf ana
crude and to refine the same and to convey the same to
sTkes either in said Parish q Gtcasea elsewhere
& 70 pprehR2e or lease other lands if deemed advisable by
ieGm on tIe and to9 s s ana pore Tor o Of retT9
wNns 10 refine the Oil or Petroleum which may be obtained
ARTICLE THIRD
hs GHG9i stock Of the Company shall one hundred
uollars divided into thousand
FfSu dollars each TO be paid in the following manner
@ per cent OF The amount subscribed paid in cash at
ha G S Snoseneng ten per cent the LIST day of Sep
the Whole amount PIT Ss9 sy a y days thereafter
e b 5s Pohs 81 operating the wells be sufficient pay
nn the pssae4t to stop the call for further
| scribed to. ~ "-''I' 'u'
ARTICLE FOURTH
All corporate powers of the company shall exercised By
t 0 Dest%rs COMPRISED q nine stockhoiders he
r yer from said date until their successors shall be
Immediately preceding said election ii the New Orleans
Times or some other newspaper published in this city The
az such elections and any snd Inspectors decline m ID
Board thus elected take ther seats % The second Monda
81 me "a eac9 ysar As n ne @ election under this Char
@ to Dc apgoHtsd by he parties this act In
ee'yns the piry Of votes 9the stockholders present an
igIe r aS gec's3 Ad T thg eyeht q RE- election
another election to take place within days Thereafter and
tach and every stoekhader bN be entitled either in per,
II Py%Hy ~ Eo Hr ten a9a eg.y ,narg w9gh hg she
poAtop or company sA be entitled to greater number OF
share transferred 70 him Or them within ninety days prior t.
ARTICLE yrrrH
Az the time Of the expiration Of the Charter Of the aresad
Or so2gHF, u ordered ny Noie RI the stockholders
qndttd lis debts paid under the charge aud snpeGtendeuce
tors who shan remaio in oee ant ts nai liquidation
| ithe ahars OF said company,
Tie Board Of Directors shall at their FIRST meeting in
year elect from among themselves President Pre
Treasurer and Superintendent who shall mold Offices IN
Y their successors shall be elected The President shall
or other legal process against Tie Corporation.
ARTICLE SEVENTH.
Company aho ioSs ot VI Till mg j lis ELECTION Rd r 1
his continuance IN Office, hold n his that ot
shares Q. tile stock Of the Company.
ARTICLE EIGHTH.
The Board Of Directors shall have power to RppoDt such
Gef GS I'M gp T. sha os necessary for t6e con
by laws, rules and regulations they may necessary ~
the Fo!ems9t OF said Company provided the mc shall
Tley sba ax Tie compensation Of Ing ofacer clerks and
may occur in their number orn the Presidency.
ARTICLE NINTH
The President shall preside at all meetings of the Board he
shall conduct aud the business o. tile Company gen
Of his ABSENCE the Vice President shall preside al such
ARTICLE TENTH.
R q amt b ma9 de- qp B5 hHyea o q gey
the profits of the Caapany shall deemed adysabe ba
IN Of any loss or losses Whereby the Capital Stock Of
unt ueh dmaaton shall have been covered and made
ARTICLE ELEVENTH.
When the whole amount Of stock subscribed for shall hav
SSs RlI ts tt' e. pr9yiasq oT u Article IhTg
to issue Certificates to the Stockholders pac
ARTICLE TWELFTH.
gb1IfL5 rI, .J-Er fab, ~. IN.
SnA.I og t Wy oi the e'Ilsht ana board OF directors
1 @ Y, " I'M cioss ~ eTpTRtoh o. each yeaE Q
w tp tI9e 70 pc p4Dlhheu IN th same mAnner a
oE N AIlc.e curtin any lor ~ lea't one monte
which statement shall contain st Tbe amount Of esps
incurred pr Vie previous wear; 2d The er5Smnt o
Petroleum or Coai iii and StIer nrobsTv o' tb
kinds whatsoever due By the Company 9TH The cash
assasts on hand.
Article THIRTEENTH.
The stockholders saa not be responsible for losses AM
damages Incurred nv gaid Comnunv bsynnd he anonrt
Capital Stock held owned by him them respectively.
ARTICLE FoUnTnryTu
nent hea oeTed b 6 Bsr5 81 1so 70 pay oy "