New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-23
CORPORATIONS.
STATE OF LOUISIANA, }
City OF New Orleans

BE IT known, that this day before me, Theodore O.
tssk notary public in and for parish of Orea
appeared the several persons whose names are here
matter subscribed ekholders who seyeraly de-
arc sucn Others rs may hereafter become associated
WIN tnem, corporation for tho purposes herein
SItef oenne d. and have and do tereby agree to the
toAoV'ng stipulatlons TO govern the same to VIII:
ARTIOLEI
Inc name and style of the corporation hereby
iorneo shall be The Orleans Oil and Manufactur.
ing company, ana ITS domicil is hereby fixed 10
ine toW2 OF Agers. parish of Orleans, OF Lou
ARTICLE IL
TIE purposes and objects of this CORPORATION are
hereby declared to be as follows, to-wit 70 pur-
chase cotton seed and other oleaginous and tbrous
substances, products of this or any other coun-
tries, and to obtain therefro OIL cake fertilizers
ana other articles OF commerce for domestic and for
eign markets and to that end to work and carry on
al necessary machinery and manufactures. And
IS incioental thereto, to acquire ard hold sucb
leges IS will contribute secure the accomplish
mert OF the objects and purposes of this corpora
sion ana 20 Sell, transfer or pledge the any
ARTICLE III.
The said corporation shall have and enjoy al the
POWERS incident to CORPORATIONS, and authorized by
LEV, the term of its duration is hereby fixed at
twenty hve years, commencing on the thirtieth OF
and conducted by Board OF Directors composed
OF seven stockholders each Of whom shall mold in
shares OF the capital stock of said corporation they
snail elect from among their own number pres:
their successors are elected. The following named
persons. Gil stockholders. shall compose and are
WITT Mossrs Jelsom z. Harrison Robert NJ !Valns.
ley, Joseph Hoy, John Williams. John Onafe,
Cyrus oussey and Camille L. Grardeg.
ARTICLE ".
On the first Monday in November next 1870 and
annually then after, the election OF Directors by
stockholders sh all be held at the office of the
por r. 1s ten days notice Of ea shall be gyeD
New Orleans. said electicn shall be by ballot, each
share OF the voting stock shall be entitled to one
nolder shall in his own me more than one
taiTo o. the entire voting stock OF tins COMPANY IN
ttock transferred to him within ninety days pre-
s decide she e d s BE-
neia under the SUPERVISION OF three co pensioners
s l S
ea1se to elect Directors the day named for that
Directors then in office shall hold over IN Ill another
election is held of which notice saal forthwith be
setions' and such notices from Tine or to me sba
continue until an election be had.
ARTICLE v
Upon the election of Directors the Board o. d
rectors so elected: shall from their lumber, choose
President and Vice President, appoint all officers.
clerks, employees and agents of the company, fix
their salaries and the amount Of security 10 be re-
cse all the powers of the President in the event of
the latter's assence or insbty to ast from any
rum, the decision OF majority of which shall consti
t0te valid corporate act. They Stall have power to
make bylaws, rules and regulations to; alter, amend
Or repeal the same Whenever thy shail deem 1T in
ne interest OF the company: They may nave and
rlon as they shall deem proper; shall have power 10
remove at pleasure all officers and employees OF the
company, except the President. Citations to suits
other legal process shall be served upon the Presi
dent, or in his absence the Vice President.
ARTICLE vi.
Vacancies may occur ia the Board of Directors by
reason of death, resignation insolvency, absence
from the slttlngs for more than ninety days; and
such vacancies lled by he board shall stand until
their successors are duly ELECTED. The board may
also appoint temporary substtutefor any director
who may, with leave. be absent for any period ex'
eeeaing thirty days.
ARTICLE VII
The capital stock Of this corporation is hereby
fixed at i've hundred thousand dol ars divided into
Eve thousand shares of one hundred dollars each.
to vote while held By the Datentee of tne patent for
zhe preparation OF cotton seed. Mr.; Thomas w
Co, the lessees of the Beilevllle Iron Works; Of
cash at the time OF sebseriptio0. aud the b.Ian
snail be payable at the time and IL the manner
which May be determined by the Board Of Di-
rectors.
These articles of incorporation may be altered or
rsodifed. and the capital STOCK increased to any
ram not exceeding one million dollars 10y the con
stockholders to be obtained IN general meeting
Of f cspa n % an
dsys notice of the same shall be- given in two daily
journals published in the city OF Of, New Orleans
lsse Of increasing their shares pro-rata TO the
amount of their stock and any shares ne! SO taken
by the Board of Directors for benefit Of this
porstion, but not at less than par value.
ARTICLE TX.
Should any subscriber neglect refuse 10 pay the
subscriptisn for stock required by the Board of
Directors, the SAID board snail have the right Of
causing sucn snare shares on which any sum may
be due 10 be sold at public auction after ten days
previous notice thereof. by advertisements II two
journals published in this city.
ARTICLE y.
Upon dissolution of this corporation ny the exp
ration OF the term of ITS charter or Otherwise its
affairs shall be liquidated b. i've comlss9ners to
be elected by the stockholders the day OF the last
election for Directors, and IN case or dissolution
previous thereto, then, at general meeting 10 be
specially convened, afterthirty days notice. as re-
CURED for regular elections: SAID commissioners
Directors; their salary and term of office shat! be
fzea, previous to election. by the general meeting
mediately proceed to settle and wind up tie busi
of the CON pany and after payment Of al its
1ne excess pro rata among the stockholders.
ARTICLE XII.
This corporation is formei under ID set OF the
Legislature of this state entitled. - act for the
ssS ana ac f. @ and IT Is ~
acts, and necessary and proper for the purpose OF
~ responsiSIe to or thpong said corporation for its
contracts or faults in any further than the
paid balance due to the company, eso1ld any De
Gue, on the shares owned by him.
ARTICLE XII
This corporation shall 60 into operation as as
one Thousand shares of its capital stock shall have
been subscribed for and 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 office, at New Or
cans, this sixteenth day of February, A. d.
eighteen hundred and seventy, in the presence OF
Charles g. Andry and Edgar Grima, both of this
city competent witnesses, VIII , have signed these
presents with the said corpofatorz and me, notary
CHARLES G. ASDRY.
EDGAR GRIMA.
T. Q. STARK, EetarJ Public.
l. the undersigned, Deputy Recorder of Mort.
cages for this city and parish of Orleans. State Of
Louisiana do hereby certify that the within act Of
incorporation has been this day duly recorded IN
book eight, folio thirty, OF this office, required
By law.
l. S. -
(Signed) q. DARCANEEL, Deputy
Rev Orleans, February l9, 1870
A true copy of the original act, ind certih-
90. STARK, Notary Public.
New Orleans, February 49, 1870. fe23 mh5 Il 10 &c
IMMEDIATE RELIEF.
AND 4 PERMANENT CUEE GUARANTEED