New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-03
CORPORATIONS,
STATE OF LOUISIANA, /
Ditv of Now Orleans.

STATE OF LOUISIANA
City of New Orleans
Be it known, that this dag before me, Theodore o.
Stark notary public in and for parish of Crleans
State OF Louisiana. aforesaid, personally came ana
matter subscribed as stockholders who severay de-
clare6 that they do hereby form among tnemse yes,
and such others "a may become associated
with then, corporation for the purposes hefeln
atef defined, and have. and DO terebs agree 70 inc
following stipulatioDs to govern the same to wat;
ARTICLEI.
The name and style of the corporation hereby
formed shall be THE Orleans Oil and Manufaetur-
ths Of xxers pars of orleans State Of Lou
isiana
The purposes and objects of this corporation are
hereby declared TO be as follows. to-wit To pur-
chase cotton seed and other oleaRinous and hbrous
substances, products OF this or any other coun-
tries and to obtain therefrom OIL oil cake fertilizers
and other articles of commerce for domestic and for
egn markets, and to that end to work and carry on
all necessary machinery and manufactures. And
as incidental thereto, to acquire and hold snch
real personal estate rights franchises and prvl-
leges will contribute TO secure the accomplish b.
ment OF the objects and purposes of this corpora
ton. and to sell. transfer or pledge the same or
part thereof.
ARTICLE III.
Tie said corporation shall have and enjoy all the
powers Incident to corporatious, and authorized by
law, the term of its duration is hereby fixed at
twenty. five years. commencing on the thirtieth of
December last 1869. Its business shall bs managed
and conducted by Board of Directors, composed
of seven stockholders each OF whom shall hold IN
his own name and right not less than twenty-iiv
shares OF the capital stock of said corporaton they
shall elect from among their own number 4 presi:
dent and vics president. and shall SO serve until
their successors are elected. The following named
persons all stockholders shall compose and
hereby constituted the first Board of Directors to
Wit: nessrs Jslsom h aarTsGn Robert TN NJ TsRs- Gs
Cyrus Bussey and Camille E. Girardey.
ARTICLE w.
IN the first Monday in Noyemher next 1a7l and
annually their alter the election of Directors by the
stockholders SD all be held at he Office OF the
poratisn, ten days notice of W len shall be given
In at least two newspapers publ .h5. in the city Of
New Orleans. said electip hall be by ballot, each
share oil the voting stock shall be enitlec TO one
vote, IN person or by proxy, provided no stock
holder shall IN his own n ne vo'e M re- than one
any election, and stocehod.r sual vote upon
.tock transferred to him within ninety days pre-
sha decide the election; the sard election shall be
held under the SUPERVISION OF tnree commissioners
from among the stockhoiders. a failure from any
to elect Directors on the day named for that
Directors then IN ofce shall hold over until another
election is held o. wnlcn notice all forthwith be
ections and such notices from time to time shall
continue until an election be had.
ARTICLE V.
Upon the election OF Directors the Board OF Di-
rectors elected. sha from their rumbar, choose
President and Vice President, appoint all of.ers.
clerks, employees and agerts of the company, fix
ouired rom each. The Vice President shall exer-
Use all the powers of the President in the event of
cause A majority of the Board shall form quo
rum the decision OF majority OF which shall consti
make by.Isws rules and regulations to- alter amend
or repeal the same whenever they shall deem it IN
se ne o, ses g such degce and uscrp
ton they shall deem proper; shal have power 10
company, except the President. Citations to suits
other legal process AL be- served upon the Pres
dent, or in his absence the Vice President.
ARTICLE VI.
Vacancies may occur in the Board of Directors by
of death, resignation, insolvency, absence
from the slttngS for more than ninety days; and
t6e,r successors are 3uiy elected. TIE board may
also appoint temporary sub ,tlute foT any director
who may. with leave. be absent for any period ex.
ceeding thirty days.
ARTICLE VII
The capital stock of this corporation is hereby
fixed at five hundred thousand dol ars, divided into
One thousand shares OF which shalt not be entitled
to vote while held by the paenee of the patent for
Brown, AID his associates Messrs @. + Girardey L
Co. the lessees of the BeilevIle Iron Works; Of
cash at the time of ssbs riptior, and the b.an ce
shall be payable the time and the manner
which may be determined by the Board OF Di-
rectofs.
These articles of incorporation may be altered or
usodified, and the capital stock increased any
sum not exceeding million dollars by the con-
sent of tH otbirds in amount and number of all the
Stockholders to be obtained in general meeting
convened after thirty days notice. Whenever an
increase OF capital shall be duly authorized thirty
journals. published in the city OF New OrIean 5,
wi hin which time stockholders shall have the privi-
ese OF ~ ba tns snares t sd 70 tee
at the expiration of that tins may be disposed OF
by the Board of Directors for the benefit of this
poration, but not at less than par value.
ARTICLE TX.
Should apy subscriber neglect or refuse to pay the
subscription for stock required by the Board of
Directors, the said board shall have the right Of
causing such share or shares on which any sum ay
be due TO be sold at public auction after te? DAYS
journals published in this city.
ARTICLE Y.
Upon dissolution of this corporation by the expi-
ration of the term of ITS charter or otherwise, its
affairs shall be iouidated by five commissioners, to
be elected by the stockholders the day of the last
election for Directors, and in case OF dissolution
Specially convened after-hiry days notice, as re-
quired for regular elections: Said commissioners
Directors: their salary and term of Office shall be
fixed, previous to election, by the general NEE ting
mediately proceed to settle and wind up the busi
of the company, ard after payment OF all its
debts ar settlement of it's abiitles TO distribute
the excess pro rata among the stockholders.
ARTICLE XI
This corporation is formed under an Gct of the
Legislature Of this Stste entitled An act for the
organization of corporations for works OF public
1852, and re-enacted March Il, 1855, and 1t is in:
tended possess all the powers conferred by said
acts, and necessary and proper for the purpose Of
it's formation. No stockboider ASal ever be liable
or responsible to through sal corporation for its
contracts faults in any further sum than the
paid balance due to the company, should any be
due, on the sha res owned by him.
ARTIOLE Nil
This corporation shall go into operation as
thousand shares of ITS cap al stock shall have
been subscribed for, ard these articles recorded
in the office of the Recorder OF Mortgages for the
parish of Orleans as required by law.
Thus done and passed in my ethce, at New Or
cans this sixteenth day OF February, A. u.
eighteen hundred ard seventy, in thu presence of
Charles G. Andry and Edgar Grima, both of this
city, competent witnesses, who have signed these
presents, with the said corporators, and me, notary
CHARLES G. ANDRY.
EDGAR GRIMA.
r. o. STARK, Notary Public.
l. the undersigned Deputy Recorder of Mort.
cages for this city ard parish of Orleans State OF
Louisiana. do hereby certify that the within of
incor poratIou has been this day duly recorded in
book eight, folio thirty. of this Office, required
by law.
IL. 81 -
(Signed @. DARCANTEL Deputy.
New Orleans, February 10, 1870
true copy of the original act, and certif-
cate of record.
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