New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-24

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ARTICLE FIRST.
This corporation shall be domiciled AM
have its principal Office in the city OF New
Orleans, in the parish Of 0rlean', State o
Louisiana, and the name and title of tn
same shall be "THE NEW ORLEANS REPuBLl
CAN PRINTING COMPANY" Said corporation
shall have and enjoy corporate powers anc
privileges for the full term of twenty-fiv,
years from the date hereof, and the sam,
shall commence business as soon as the sun
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 other notices in case of any suit OF
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 a, general book and job printing business
In the State of Louisiana and all thin s
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-
Vided, 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
Board of Directors and such officers and
employees as they may. appoint. The Board
the Company who, after the expira.
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
omcers, shall hold over until their success
sors are elected. In the event of no cleo.
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
ton OF President, who shall be the general
manager and business agent of the Corpora
ton. The Board of Directors shall have
full authority to fill all vacacies 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, |
ana to borrow money, and to do all and sin |
guar such acts as may be necessary to carry |
on the business and further the objects Of |
this company.
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, |
Tor each ana every share which he, she or |
they, respectively, may hold, and no person |
1r 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.
No stakeholder shall be held responsible
or the contracts, acts, faults, debts or obi
cations of the said Company beyond the
mount of their unpaid capital stock, and
10 mere informality in organizing shall
lave the effect of rendering this Charter
lull, or OF exposing the stockholders to
my liability beyond the extent of their
ARTICLE EIGHTH.
The following named persons: A. L. Lee, |
Ohm M. G. Parker, Michael Hahn, Jacob |
Hawkins, Thomas @. Tracy, shall be and
hey are hereby constituted the first Board
II Directors, and they shall hold their Office
Until the first election under this charter, or
lntil their successors are duly elected and
hall have taken their seats.
This board shall assume control on and
Ifter the first Monday In January next, 1t
icing understood and agreed that the pres
mt management of New Orleans REPuB.
Joan 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
rms Acto OF Incorporation may be modified, |
Uttered or amended, and additions made to
he same, or the said Company dissolved at
general meeting TO be convened for the |
,urpose, after thirty days notice in one of
he newspapers published in the city of New
Crleans, with the assent Of three-fourths of
Il of the Stock of said Company. II
ARTICLE TENTH. 1G
AT the expiration Of this Charter. or the
issolution OF this Company prior thereto,
be liquidation of the COMPANY shall he | I
ondueted BY Board Of not exceeding
hree, who shall be appointed by the Board
{ Directors, and which Board of Liquids s
ors shall Immediately proceed to wind M {
be affairs OF the Company by selling off,the :
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
tockholders.
The compensation Of said liquidators shall |
Q fixed by the Board of Directors at the
lme OF appointment.
Thus done and passed in my office in New
lrleans, Aforesaid in the presence of Harvey
|. Qibble and Terence Wolfe, witnesses Of .
awful age who hereunto sign their names
nth the parties and me notary, day and !
ate first above written.
Original stamped ten cents United States
aternal revenue. 1
Original aiOnad A T. - 81 ast.u. |