New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1868-11-25
CHARTE8 q.
STATE OF LOUISIANA, 4
Pariph of Orleans,
Civ of Nav Orlaana

aValilng themselves of the provisions OF the
laws of the State of Louisians in relation tC
the organization of corporations, they have
covenanted and agreed and by these pres
ents do covenant and agree, and bind them
selves and those whom they represent to
establish an incorporated Company for the
objects and purposes and under the obliga.
tons, stipulations and regulations herein
after set forth, to wit:
ARTICLE FIRST.
This corporation shall be domiciled and
have its principal Office in the city OF New
orleans, in the parish of Orlean State Of
Louisiana, and the name and title of the
same shall be THE New ORLEANS REPUBLI.
CAN PRINTING COMPANY" Said corporation
shall have and enjoy corporate powers and
privileges for the full term of twenty-five
years from the date hereof and the same
shall commence business as soon as the sum
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 ether notices in case of any suit or
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 lob printing business
in the State of Louisiana and all things
pAOPCAAJ dppcEJdlullR LneFeLOs
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
De 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-
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 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 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,
az the Office OF said Corporation, of which
election the Board of Directors shall give at
least ten days notice in one of the nswspa-
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. Aud 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.
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
ot1ces 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 |
and to borrow money, and to do all and sim |
gular such acts as may be necessary to carry
on the business and further the objects of |
this company. -....
.a..-#.u 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, |
for each ana every share which he, she or /
they, respectively, may hold, and no person |
Or persons shall be entitled to vote on any
share or shares transferred to him or them /
within ten days prior to such election.
.rl.f' ARTICLE SEVENTH. slt.r.
No stakeholder shall be held responsible |
or the contracts, acts, faults, debts or obi
cations of the said Company beyond the
AMOUNT of their unpaid capital stock, and
40 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
'tock. af- JllH
II
The following named persons: A. L. Lee,
Ohm al. q. Parker, Michael Hahn, Jacob
Hawkins, Thomas G. Tracy, shall be aao
hey are hereby constituted the first Board
II Directors, and they shall hold their office |
Until the first election under this charter, or
Until 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, it
icing understood and agreed that the pres
mt management of New Orleans REPUB-
.IcAN shall continue until that time; and the
aid Directors are hereby invested with all
he rights, powers and privileges appertain.
ng 20 their Office.
ARTICLE NINTH.
This Act of Incorporation may be modified,
Uttered OF amended, and additions made to
he same, or the said Company dissolved at
J general meeting to be convened for the
purpose, after thirty days notice in one of
he newspapers published in the city Of New
orleans, with the assent of three-fourths of
III of the Stock Of said Company.
ARTICLE TENTH.
At the expiration of this Charter, or the |
dissolution of this Company prior thereto,
he liquidation of the Company shall be |
conducted by Board Of not exceeding
hree, who shall be appointed by the Board
II Directors, and which Board of Liauida- |
Qrs shall immediately proceed to wind up I
he affairs Of the Company by selling otf.the
lssets, privileges and property of the Com
,sny, collecting all amounts due the |
ame, paying all the just debts, and distri.
outing the balance pro rata among the
stockholders.
The compensation of said liquidators shall
y hxed by the Board of Directors at the |
line of appointment. II
Thus done and passed in nv office in New