The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-21

year thousand eight hundred and sixty eaht before
Ne% ossSs Ps. S Iss sSSs T sas s 's
duly con mssonsd and sworn personally and appeared
csred that sysng tbsmeves Of the provisions OF the
statutes e he state q LOTana relative 70 the
agreed and do BY these and bind
selves into and corporacn Tor the objects and
purposes and under the sspuSOns and regulations follow
ARTICLE FIRST
IsIANA NATURAL GAS COMPANY, and its dOaieii is
established in the city Of New orleans.
ARTICLE SECOND
The object and purpose q sad Corporation 4 70 extract
from the soil q as ss q ad 20 S ss
let ard distribute TIE sane ~ the u w m tne means and
Peter Peterson for which application patent has
been slsd and Of such other means machinery .ppsrsps
discovered devised invented or constructed oy the
ARTICLE THIRD.
The capital this Cooperation hereby
Of s2lOO0) Two Hundred and Ten Thousand Dollars,
Represented by 0 twentyOue hundred shares OF O0
sS s snd % for
pressed IN the article following the other two thirds or gc0
follows The Subscribers to the said Company shall into
ten dollars on eaca and every share Of sO subscribed BY
them the remaining ninety dollars per share on de-
the Board Directors may requires bu. cali shall
every stOcEhOder payment the rs. install
4 s sT % 81 S% 81 ar her
office Of the Company At any time provided be before the
which case snch stockhoder shall forfeit all payments there
tooTe made BY him.
ARTICLE FOURTH.
The O seven hundred shares or onebrd Of the e.naI
stock reserved and SCI apart in the foregoing article shall
the discoveries enees named IN article second
their assigns and shall rasa equally with The Otas. shares
thereof al or assessments received from or levied
already paid the holders Of shares
is 80 when 5) twenty-five cent the amount sub
per h the said Is shah Os con.
paid on the other shares the share. shah pc rss .
stock on which 800 hhy cent has been paid
equally paid the holders Of ali proportion only TO
insamenI sh Al be due shall be entitled any
their these articles association shall imply on
the part of the ssis O S. Hunt VIM. =. Pratt p NJ
their rights the State Of Louisiana discovery or
invention whether the same L patentabe or equitable and
The said psentees shall further receive from
peDsSOn for their expenses in past and future experiments
in injection with their discovery which said shall
hTst on shares subscribed BY others and I'd.
70
portion future assessments
ARTICLE FIFTH.
These articles Of may be modified or altered
the capital stock be no exceed
five hundred thousand dollars S500001A the manner
provided by law with the OF thirds amount Of
al the obained in general meetiag convened
after thirty dsyt notice
Whenever any increase Of capital shall be duly authorized
sixty days notice OF shall be Owen in news
papers published in the city Of New orleans thin which
time stockholders shall have the prvle Of taking additional
shares not taken at the expiration Of that time may
posed Of by the directors for the benefit Of the
but not at less than par value.
ARTICLE SIXTH
All powers OF this Corporation shall vested In the Board
Of Directors consisting Of i've persons each shall
his right at least ts25OO twenty-five hundred
ARTICLE SEVENTH.
On the first Monday April 1862 annually Thereafter
at the office Of the COrpUrst Of which election previous
at least ten DAYS shall be
published in the city Of New Orleans.
ARTICLE EIGHTH.
plurality of Counting one vote for each sha-e NJ
stock voted upon) shall be sucient elect Directors who
shall ct their fret meeting after election choose Of
cted by ority Of The Whole Board upon whon All
citations and other legal process shall he served.
1t shall be the duty OF the President preside
fnRs Of the Board and in Of his inability
act elect one Of their number bro tenn Who
thal for the time exercise the full President
All elections shall be by ballot under the suDerntendence
Inspector appon ed hv the Board At
election and In absence neglect or refusal
TO of AZ