New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-12-18

appeAteu tne seNerdl parties whose name
are hereunto subscribed, who declared tina
: availing themselves of the provisions of th
laws of the State of Louisiana in relation {
} the organization of corporations, they hav
covenanted and agreed and BY these pre-
ents do covenant and agree, and bind then
selves and those whom they represent, t
establish an incorporated Company for tn
objects and purposes and under the obliga
|, tons, stipulations and regulations hereiI
after set forth, to wit: ls',b-o-l
II ARTICLE FIRST.
This corporation shah be domiciled an
: have Its principal Office In the citv of Ne,
Orleans, in the parish of 0rlean, State G
Louisiana, and the name and title of tn
same shall be THE NEW ORLEANS REpUBLl
CAN PRINTING COMPANY" Said corporstiol
shall have and enjoy corporate powers an
privileges for the full term of twentv-fiy
years from the date hereof, and the sam
shall commence business as soon as the sur
of one hundred thousand dollars shall hay
been subscribed to its capital stock. TIL
President of said Corporation shall be tn
proper officer upon whom to serve citation
and all ether notices in case of any suit O
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 carving or
| of general book and job printing bushes:
| in the State of Louisiana and all thing:
properly appertaining thereto.
ARTICLE THIRD.
The capital stock of this corporation ia
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 NAV
be increased at any regular meeting of the
stockholders, called for that purpose, and by
majority of all of the stock of said COM
pany, to any amount not exceeding two
hundred and fifty thousand dollars: Pro-
V1ded, 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. ...I ~.
ARTICLE FOURTH.
All the corporate powers of the Corpora.
ton shall be vested in and exercised bv
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.
ton OF the term of Office of the
shall be elected by ballot on the
second Tuesday of January of each wear.
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 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 cleo.
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
Eote of the stock represented at an election.
hall be considered and declared duly elect.
ID. 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 |
ull authority to fill all vacacies in their
lumber from among the stockholders of the |
company. And the said Board is hereby |
invested with full power to frame and |
dopt such bylaws, rules and regulations
$ they may deem requisite and necessary
or the company and the transaction of its
business; provided, the same do not conflict
n az Nf TIM =
4 this State. The said Board shall have
over, 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 afl and sim
ular such acts as may be necessary to carry
n the business and further the objects Of
bis company.
ARTICLE SIXTH.
In all elections the vote shall be by ballot.
nd each and every stockholder shall be en-
tiled to vote, either in person or by proxy,
or each ana every share which he, she or
hey, respectively may hold, and no person
7 persons shall be entitled to vote on any
hare or shares transferred to him or them
1thin ten days prior to such election.
8 rt.I- ARTIcLB SEVENTH. |
No stockholder shall be held responsible
" the contracts, acts, faults, debts or obli-
atoms Of the said Company beyond the
o mere informally in organizing shall
ave the effect of rendering this Charter
ull, or OF exposing the stockholders to
by, liability beyond the extent of their
ock. NOD -
,r ARTICLE EIGHTH.
The following named persons: AL, Lee,
PIN M. q. Parker, Michael Hahn, Jacob
awkins, Thomas G. Tracy, shall be and
icy are hereby constituted the first Board
Directors, and they shall hold their office
ntil the first election under this charter, or
ntii their successors are duly elected and
lall have taken their seats.
This board shall assume control on and
ter the first Monday in January next, it
eing understood and agreed that the pres.
1t management of New Orleans REPUB.
CAN shall continue until that time; and the
I'D Directors are hereby invested with all
le 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
Ie same, or the said Company dissolved at
general meeting to be convened for the
arpose, AFTER thirty days notice In one of
e 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
INDICTED by 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 |
Q affairs of the Company by selling off,the
sets, privileges and property Of the Com.
my, collecting all amounts due the
me, paying all the Just debts, and distri-
lting the balance pro rata among the