New Orleans Republican., 1868-12-15

are hereunto subscribed, who declared that
availtng themselves of the provisions of the
laws of the State of Louisiana in relation to
the organization of corporations, they have
covenanted and agreed and by these pres
ents do covenant and agree, and bind them
selves and those whom they represent, to
establish an incorporated Company for the
objects and purposes and under the obliga-
tions stipulations and regulations herein
after set forth, to wit:
fI.tf ARTICLE FIRST. fF.r .
This corporation shall be domiciled and
have its principal Office in the city of New
Orleans, in the parish of 0rlean State of
Louisiana, and the name and title of the
same shall be THE New ORLEANS REPUBLI.
CAN PRINTING COMPANY" Said corporation
shall have and enjoy corporate powers and
privileges for the full term Of twenty-five
years from the date hereof, and the same
of one hundred thousand dollars shall have
been subscribed to its capital stock. The
President OF said Corporation shall be the
proper officer upon whom to serve citation
and all ether notices in case of any suit or
suits for or against said corporation.
ARTICLE SECOND.
The objects and purposes of this Corpora
tion are declared to be the printing and pub
fishing of newspapers and the carrying on
of general book and job printing business
in the State of Louisiana and all things
properly appertaining thereto.
..uH ARTICLE THIRD. -r.
The capital stock of this corporation is
hereby fixed at one hundred and ten thou
sand dollars, divided into eleven hundred
shares of one hundred dollars each, to be
paid at the time of subscription, and which
capital stock once subscribed and paid may
be increased at any regular meeting of the
stockholders, called for that purpose, and by
a majority of all of the stock of said COM
pany, to any amount not exceeding two
hundred and fifty thousand dollars Pro-
vided, That each and every stockholder
intention either in person or by notice of the
same published for said time in any of the
newspapers published in the city of New
Orleans.
ARTICLE FOURTH.
AL the corporate powers of the Corpora.
tion shall be vested in and exercised by q
Board of Directors and such officers and
employees as they may appoint. The Board
of Directors shall consist of five members of
the Company. who, after the expira.
tion OF the term of Office of the
shall be elected by ballot on the
second Tuesday of January of each year,
at the Office of said Corporation, of which
election the Board of Directors shall give at
least ten days notice in one of the newspa-
pers published in the city of New Orleans,
and the Board Of Directors shall appoint
three stockholders to preside as in
spectors at such election; and
or fail to attend the President shall appoint
other persons to fill the vacancies. And anv
failure from any cause whatever to elect
Directors on the day named for that pur.
pose shall not dissolve this Corporation, but
the Directors then in office, as well as the
President and Secretary, and all other
sors are elected. In the event of no elec-
ton taking place on the date aforesaid, the
President shall cause another election to be
held within thirty days thereafter and give
notice of the same as aforesaid.
ARTICLE FIFTH. ...
The Board of Directors thus elected shall
assume their duties on the Tuesday follow
ing their election, and shall hold their
offices until their successors are duly elected.
Those stockholders, receiving a majority
vote of the stock represented at an election,
shall be considered and declared duly elect
ed. The Board of Directors shall elect from
among themselves and fix the compensa-
tion Of a President, who shall be the general
manager and business agent of the Corpora
tion. The Board of Directors shall have
full authority to fill all vacaeies in their
number from among the stockholders of the
Company. And the said Board is hereby
invested with full power to frame and
adopt such bylaws, rules and regulations
as they may deem requisite and necessary
for the company and the transaction of its
business; provided, the same do not conflict
with this act of incorporation or the laws
of this State. The said Board shall have
power, and are hereby authorized, to buy
real estate for the use and purposes of the
company. to sell the same, to make con-
tracts, leases, mortgages and compromises,
gular such acts as may be necessary to carry
on the business and further the objects Of
this company.
r-. ARTICLE SIXTH.
In all elections the vote shall be BY ballot,
and each and every stockholder shall be en-
titled to vote, either In person or by proxy,
for each AMI every share which he, she or
they, respectively, may hold, and no person
Or persons shall be entitled to vote on any
share or shares transferred to him or them
within ten days prior to such election.
ARTICLE SEVENTH. I
No stockholder shall be held responsible
for the contracts, acts, faults, debts or obi
cations of the SAID Company beyond the
amount of their unpaid capital stock, and
20 mere informality in organizing shall
null, or Of exposing the stockholders to
any. liability beyond the extent of their
stock. tN n fTFlI
ARTICLE E1GETR.
The following named persons: A. L. Lee,
John N. g. Parker, Michael Hahn, Jacob
Hawkins, Thomas G.. Tracy, shall be and
hey are hereby constituted the first Board
of Directors, and they shall hold their office
lntil the first election under this charter, or
1ntil their successors are duly elected and
shall have taken their seats.
lftsr the first Monday In January next, it
being understood and agreed that the pres
INT management of New Orleans REPuB-
lIcAN shall continue until that time; and the
aid Directors are hereby invested with all
he rights, powers and privileges appertain-
ng to their office.
ARTICLE NINTH.
This Act of Incorporation may be modified.
Uttered or amended, and additionssmade to
he same, or the said Company dissolved at |
general meeting to be convened for the |
purpose, aiter thirty days notice in one of |
ne newspapers published In the city of New |
lrieans, with the assent Of three-fourths of |
VI OF the Stock Of said Company.
ARTICLE TENTH.
At the expiration Of this Charter, or the |
dissolution OF this Company prior thereto. |
he liquidation of the Company shall be |
onducted by a Board Of not exceeding |
hree, who shall be appointed by the Board |
4 Directors, and which Board of Liquida-
ors shall Immediately proceed to wind up |
be affairs Of the Company by selling offsthe /
ssets, privileges and property Of the Com
any. collecting all amounts due the /
anne, paying all the just debts, and distri.
uting the balance pro rata among the
stockholders. "a sF l87