New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-13
CHARTER.
STATE OF LOUISIANA,


THASTE R...................C A AHTEA.
STATE OF LOUISIANA.
Before me. Joseph Cuyillier. notary public for
the parish of Orleans and the city of New Orleans,
therein residing personally appeared Messrs Alex
eofe Hpncrs ean nbsse ossph Bss
Cuiaume Barriere, Emile Victor Autibert, and
others. who declared that. avaIing them selves of
the rights afforded b. act approved on ths four
teenth Of March, P55, entitled An act for the or
ganiz alton of corporations for works OF public inns
ciats themselves together and TO form Corporation
for the purpose If manufacturing within this state
useful Invention. promotiye to heath and COM
fort and to conduct the bust ness herewith con-
neossd as set forth the SAID CorpS1,a
have accordingly established tns Following CHARTER:
ARTICLE I.
The name of SAID corporation shall be- ''The Egypt.
Its domicil is established 10 the city OF New Or
leans and the title shall be engraved IN full around
IT. seal. in the centre OF which shall be sphinx
unless sooner lawfully dissolved.
ARTICLE II.
The object Of this corporation shall be the manu-:
faCture and the sale OF the Egyptian Waterproof
Coating tor all useful purposes. according to patent
number eighty nine thousand seven hundred ana
United States on tins fourth of May. 1869. to kmie
Victor Audibert of New Orleans, who hereby ira
fers unto the said corporation all and singular his
rights hereunder which rights the said corpor
in turn may also sell or transfer in part for special
purposes of utility TO other corporations therein.
ARTICLE III.
The capital Of said Company is fixed at the sum
of twenty thousand dollars represented by twenty
shares of ono thousand dsllars each, all of which
Psss IS
nizsd as the holder of ten such shares, which are
deemed paid up at this time to the extent OF one
hong md AOlla aha mt IAhl a Tn IN
contributions assessments whatever This cor
poration shall commence IT'S business from the date
made the books of the corporation. and be signed
By the transferer or his duly appointed agent
ARTICLE w.
The busine of this corporation shall bs conduct.
purpose the first Monday of each month. A
quorum of five shall at oil times be sufficient for the
ing they shall ppoInt of their number President
who may be also the Super ntsndent OF the CORPORA
IRe The M dg OF Of eve
amount showing the balance OF the business shall
be struck and the profits OF said business may
The corporation shall have The right to csntract,
lease borrow money and make sill compromises
and to Invest IN mort age security and real estate
its profits. The corporation shall sue and be sued
in its corporate capacity and plead and be pleaded
accordlngiy A majority of the stockholders shall
be required for the determination OF such questions
as may arise st any meeting. PROVIDED always that
vote. the holder of two shares of stock to two
votes the holder of five shares three votes aud the
holder of ten or more four votes.
ATICLE V.
The President is the legal representative OF the
corporation; all citations and other legal notices
concerning the CORPORATION shall be- served upon
date OF his e!ector, but at the end of said term he
shall be re eligible 1t shall be his duty exercise
ration and to promote its welfare. In case of the
death or resignat on OF the President OF Secretary,
tneir for the reman der OF tie
term. In case of temporary disability President
or Secretary pro tempore shall be elected; but the
President shall never act "a secretary andit shsi
not be competent for the Secretary at any time to
discharge the functions OF the President
ARTICLE VI
II sh.ll be the duty of the Secretary 20 keep a
record of the proceedinzs OF the stockholders and
also a set of commercial books. he shall furnish
the stock hoders balance sheet at the end of each
month. showing the true con iition OF the accounts
OF the corporation. He shall be the solo custod an
of the ssal of the corporation, and togetner with
the President, shall sign all checks legally drawn,
ard also all certificates OF shares and atfix to the
latter when lawful issued tbs seal of the corpor
date of bis election but the end Of said term he
~ ~ ARTICLE VII.
In no event sh all the stockh oders be responsible
for losses or damages which may be sustained by
this corporation beyond the amount of the shares
by them respectively owned, and all new steckhoid
shall bud them selves to comply with the regu a
tious herena bovs toned or those that may be
made By way of amendment hereafter. The present
charter shall not be altered or amended except by
a vote of thrse-fourths of tho stockholders to be
counted in the manner hereipbaf set forth; and
no amendment shall be finally acted upon unless
the saEle has bssn presented and read two conss
cutfve meetings. Any stockholders, by lawful man
date power of attorney. may authorize an attor-
ney in fact to vote for him and in his name. place
and stead.
ARTICLE Will
Upon the expiration of the term OF the existence
OF the corporation herein fixed, the liquidation and
settlement thereof shall be effected by three OF the
stockholders residing in New Orleans to be chosen
by an election held for thst purpose. they shall
have power to settle and wind up the business OF
this corporation by public or private sale OF its
property and the division of the profits thereof, to-
gether with the division of all of its other assests
pro rata among the stockholders. after the settle
ment by payment, compromise, transfer or otner-
wise OF ell It's liabilities The said iQuidators shall
have year from the date of their appointment
to resume that liquidation.
Thus done and passed in my Office on this thlr
teth day of April 1870 in the presence OF Theoduie
Busson and George Guinaut, competent witnesses
residing in this CITY, who have signed these presents
together with the appenrcrs and me, notary, after
due reading OF the whole
Signed:
A. 2epin. }. 3. Camors,
j. Turcotte. II. Labasse,
Joseph Bayle. L. g. Barriers,
Il. V. Audibert.
Signed:
GEORGE GUINAULT, !
j. OuVILLIER. Notary Pub bic.
/, the undersigned, Recorder of Mortgages in ant
Tor this city and parish of Orleans and state O
mas been recorded in my office, in Book Society mum
her eight folio ninety nine, required by law, o.
Signed, Q. DARCANTEL, Deputy.
uvll Su 4w