New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-12-07

availing themselves of the provisions OF tn,
laws OF the State of Louisiana in relation Il
the organization of corporations, they hav,
covenanted and agreed and by these pres
ents do covenant and agree, and bind them
| selves and those whom they represent, II
establish an Incorporated Company for thu
objects and purposes and under the obliga
tons, stlpulations and regulations herein
after set forth, to wit: ..-.-.
| ARTICLE FIRST.
| This corporation shall be domiciled anl
have its principal Office in the city OF New
Orleans, in the parish of Orlean, State o
| Louisiana, and the name and title of tn,
| same shall be THE New ORLEANS REPuBLI
CAN PRINTING COMPANY" Said corporation
shall have and enjoy corporate powers anC
| privileges for the full term of tWenty-fiy,
years from the date hereof, and the sam,
shall commence business as soon as the sun
| of one hundred thousand dollars shall hay,
been subscribed to its capital stock. Tn,
President OF said Corporation shall be the
proper officer upon whom to serve citation
and all ether notices in case of any suit Oh
suits for or against said corporation.
ARTICLE SECOND.
The objects and purposes of this Corpora
ton 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.
ARTICLE THIRD. .'.
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-
7ided, That each and every stakeholder
shall have at least thirty days notice of such
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.
All the corporate powers of the Corpora
ton shall be vested in and exercised BY a
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 expirs.
ton of the term of office of the
present Board, hereinafter named,
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
should any of the inspectors decline
or fail to attend the President shall appoint
other persons to fill the vacancies. And any
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
officers, shall hold over until their success
'ors are elected. In the event of no elec-
ion 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 majority
vote of the stock represented at an election,
shall be considered and declared duly elect
I'd. The Board of Directors shall elect from
lmong themselves and fix the compensa
ion of President, who shall be the general
manager and business agent of the Corpora
ion. The Board of Directors shall have
ul authority to fill all vacacies in their 1
lumber from among the stockholders of the
company. Aud the said Board is hereby |
invested with full power to frame and |
Idopt such bylaws, rules and regulations |
10 they may deem requisite and necessary
or the company and the transaction of its |
business; provided, the same do not conflict |
With this act of incorporation or the laws |
II this State. The said Board shall have |
lower, and are hereby authorized, to buy |
cal estate for the use and purposes of the |
Ompany, to sell the same, to make con-
racts, leases, mortgages and compromises, |
nd to borrow money, and to do ali and sim |
'ular such acts as may be necessary to carry |
n the business and further the objects of |
his company.
ARTICLE SIXTH.
In all elections the vote shall be by ballot. |
md each and every stockholder shall be en- |
tiled to vote, either in person or by proxy, |
or each and every share which he, she or |
hey, respectively, may hold, and no person |
T persons shall be entitled to vote on any
hare or shares transferred to him or them |
Vithin ten days prior to such election.
ARTICLE SEVENTH.
No stoekholder shall be held responsible
)r the contracts, acts, faults, debts or obli-
ations of the said Company beyond the
mount of their unpaid capital stock. and
o mere 1nformality in organizing shall
ave the effect of rendering this Charter
ull, or OF exposing the stockholders to
ny liability beyond the extent of their
lock.
ARTICLE EIGHTH.
The following named persons: A. L. Lee,
ohm III. G. Parker, Michael Hahn, Jacob
lawkins, Thomas G. Tracy, shall be and
oFoh ohrr 4A.Kfp T Il
Directors, and they shall hold their office
ntil the first election under this charter, or
ntil their successors are duly elected and
lall have taken their seats.
This board shall assume control on and
tier the first Monday In January next, it
eing understood and agreed that the pres
1T management of New Orleans REPUB.
IcAN shall continue until that time; and the
nd Directors are hereby invested with all
lie rights, powers and privileges appertain.
g TO their office.
ARTICLE NINTH.
This Act Of Incorporation may be modified,
tered or amended and additions made to
le same, or the said Company dissolved at
general meeting to be convened for the |
lrpose, after thirty DAYS notice in one of
le newspapers published in the city of New
rleans, with the assent of three-fourths of
OF the Stock OF said Company.
ARTICLE TENTH.
At the expiration of, this Charter. or the
solution OF this Company prior thereto.
e liquidation Of the Company shall be
by a Board of not exceeding
rec, who shall be appointed by the Board
Directors, and which Board of Liquida-
rs shall Immediately proceed to wind up
g affairs Of the Company by selling offthe
sets, privileges and property of the Com
my, collecting all amounts due the
me, paying all the just debts, and distri-
Ting the balance pro rata among the