The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-05-31


their names these articles Of association shall imply on
the part of the ssio S. Hunt VIM = Pratt aud p NJ.
their hts the State Of Louisiana their discovery
invention whether the same Is patentabe equitable and
The said patentees shall further be entitled TO receive from
pep.ation for their expenses in past and future
IN connection with their discovery which shall oe
st assessment on shares subscribed By others and ID
either out Of The profits of the Company out like
portion on future assessments
ARTICLE FIFTH
These articles Of association may be modified or altered
ing Eve hundred thousand dollars s50O6 ia the manner
provided by law with the c>nssnt Of In of
whenever sy increase of capital shall be duly
papers published in the city of New orleans thin which
shares in proportion the stock No any
shares not taken at The expiration Of that time be dis
posed Of by the director for the benefit Of the Association
but not at less than par value.
ARTICLE SIXTH.
All powers of this Corporation shall be vested In the BOARD
own IN bis own right at least 25ON twenty-five hundred
dollars of the capital stock Of ssid Association.
ARTICLE SEVENTH
On the Monday April 1862 annually thereafter
an eessn o. i've u eco oy ns shall De he
notice Of at least ten days shall be given in newspapers
published in the city Of New Orleans.
ARTICLE EIGHTH.
plurality of counting for each shave Of
stock voted shall sufficient to elect Directors
shall at their first nesting after their election
their number for President Of the Assocs be
citations and other legal process shah be served
II shall be the duty of the President preside
the Board elect Of Ss o. s who
'hs for the time exercise The full POSs,s q President
Of two inspectors appon ed Board at
70 set Of such the President Of the board
point others in their place.
ARTICLE NINTH.
msority ofthe Bosrd shall be necessary to hor. ouo
and decision ofsuch majority shall be valid corporate
The Board Directors shah power and are hereby
authorized 10 buy aud sell such real and property
may be required for the use Of the Company.
ARTICLE TENTH.
The Board Of Directors shall appoint secretary and all
CLERK, and and may 1s same q and
amount Of security that shall be required from Of said
of the ordinary the Compsny
TO committees OF their own body their officers
in and without the State under such conditions a. 70 shem
shall seem proper and they shall have the to make by
whenever the interests the Corporation may l. and
in Board Such &c sss S
account Of DEATH resignation want of the requisite number
Of shares insolvency or absence without leave three
ARTICLE ELEVENTH.
Books registry shares Of the capital stock
shalt opened subject the restrictions
said books and signed by the sokhoer or his and
which said book the Directors close conve
should any subscriber to the stock desire to transfer the
previous full ment having been made shall be
permitted 20 do 50 BY Of the subscription Of the
tory to the Board Of Directors.
ARTICLE TWELFTH.
failure from any elect Directors on the day
but the Directors then in office shall hold until
held "
ARTICLE THIRTEENTH.
Each shareholder at al meetings for the election Of Drec.
70 vote on each share Of stock held by him d Ss
sa have owned his stock at least month prior the day
ARTICLE FOURTEENTH.
rem the date Of the recording Of this charter The office
the Recorder Of Mortgage in this aty:
carried with only Onehalf Of its capital stock
for.
ARTICLE FIFTEENTH
The following named sOclhOIders viz: George Foster J.
NJ. Lapeyre c. n. Girardey. Glendy Burke and Caleb s.
HUNT hereby constituted the first Board Of Directors who
President and said Boare shall serve until supsrsedsd BY
their to be elected provided in Article Seventh
ARTICLE SIXTEENTH.
The Board Of Directors may accept, professionally any
power privilege conferred this Association BY any
amendments Of the Law under which the formed
by the adoption Of act Of the Legislatures but
acceptance Of any such power privilege shall
e,mned by vote Of the majority in amount Of the stock
holders
ARTICLE SEVENTEENTH.
The liquidation Of affairs Association shall be
made by three commissioners appointed the stockhode
meeting convened for that purpose amer sixty days
vous notice two Published IN New Orleans;
said qudetors shall be solvent residing In this
not indebted 10 the Associaton their term OF Office shall
be sssgned, and all necessary power conferred upon
TEEN
The period Of liquidation shall be Fixed ss veil a. their
compensation in such the stockholders By
resolutions in general meeting nvened determine.
ARTICLE EIGHTEENTH
The names Of the stockholders their residences the
number Of shares held BY each respectively, ~ tns
present declared to be such subscribed 10 th ana
opposite the names OF each respectively.
Thus done and passed. my once It said city Of New
Orleans in the pre-e"ce Of Adophs Bcne sna asnfy
Hysms Jr competent witnesses. VI nere1n.o :fh tner
together with the said par> ne me said notary
the day month and year fnt 26ss 1870 rnsren
P Chs CuyELLrER
.f. - Notary Public.
A true copy sf the original, r,,. crvvxx
's'snsd' p cha ooS sss.l3 Fssl,e.