New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-14
CORPORATIONS.
STATE OF LOUISIANA.

Before me. Joseph Cuvillier. a notary public for
therein residing personally apsssrsd Msssr. Alex.
andre Pepin, Jean Baptiste Camors- joseph Tur-
GuilIaume Barriers. Emile Victor Au iibert, and
others, who declared That, avliling them selves OF
o s@o 81 an af
ganzatiou OF corporations Tor works OF pubic I'M
prove%ent and pslli.y" they have agreed to a;so
for the purpose of manufacturing WITHIN TINS St4te
THE EGYPTIAN WATERPROOF COATING"
q useful INVENTION promotive to heath and COM
fort, and to conduct ths business Herewith con-
nected. hereinafter set forth, the said Corpora
have accordingly established the following charter:
ARTICLE 1.
The name of said corporation shall be The Egypt:
ian Waterproof coating Company of New Orleans"
Its domcil is established in the city of New Or
leans and the title snail be engraved in full around
Its seal, IN the centre of which shall be sphinx
This corporation shall exist for twenty i've years,
unless sooner lawfully dissolved.
ARTICLE IL
The object of this corporation shall be the manu-.
facture and the sale OF the Egyptian Waterproof
Coating. and the application of said Waterproof
Coating tor all useful purposes according to patent
number eighty nine thousand seven hundred and
United States on the fourth Of May isss, to Emile
Victor Audibert. of New Orleans, who hereby trans
fers unto the SAID corporation az ana singular ms
rights Hereunder which rights the said corporation
in turn also sell transfer In part for special
purposes of utility 10 other corporations therein.
ARTICLE III.
The capital of said Company is fixed at the sum
of twenty thousand dollars, represented by twenty
shares of one thousand dollars each. all of which
have been paid cash and for the transfer of his
patent rights aforesaid. E. " Audibert is recog
nized as the holder of ten such shares. which are
deemed paid up at this time to the extent OF one
thousand dollars per share, and not liable to any
contributions or assessments whatever This cor
poration shall commence its business from the date
of these presents. Every transfer of stock shall be
made the books of the corporation. and be signed
by the transferer or his duly appointed agent
ARTICLE ".
The busne,s of this corporation snail be conduct.
ed by all the stock holders who shall meet for hat
quorum OF five shall at ali times be sufficient for the
transaction of business. At their first monthly meet
who may be also the Superintendent of the corpora
ton. and one Secretary who may be also the Trea-
an amount showing the balance of the business shall
be struck, and the profits Of said business may
The corporation shall have the right to contract,
lease. borrow money. and make all compromises
and to invest in mortgage security and real estate
it's profits. The corporation shall sue and be sued
in its capacity ana plead and be
be required for the determination OF such questions
as may arise at any meeting, provided always that
one VOTE the holder of two shares of stock to two
votes the holder of five shares three votes and the
holder OF ten or more four votes.
ARTICLE "
The President is the legal representative of the
corporation; all citations and otner lega! notices
concerning the CORPORATION shall be served upon
him his term of office shall be one year from the
date of MS elector but at the end OF said term be
shall be eligible. 1t shall be his duty to exercise
a general supervision over the affairs of the corpo-
ration. and to promote its welfare In case OF the
the stockholders shal proceed to the election OF
tneIr for the remainder of the une1pired
term. In case of temporary disability President
or Secretary pro tempore shall be elected: but the
President shall meyer act ss secretary ana t saa
discharge the functions OF the President
ARTICLE VI.
1t shall be the duty of the Secretary to keep
record of the proceedings of the stockholders and
also a set of commercial books. He shall furnish
the stockholders balance sheet at the end OF each
month. showing the true coneItlon OF the accounts
of the seal of the corporation, and. together with
the President, shall sign all checks legally drawn,
latter when lawfully issued the seal of the corpora
ton HE term of office shall be one year from the
date of his election but at the end OF said term he
shall be eligible.
ARTICLE VII.
In no event shall the stockholders be responsible
for losses OR damages which may be sustained by
this corporation beyond the amount of the shares
by them Owned ana al I new
tons hereinabove mentioned, or those that may be
made BY way OF amendment hereafter. The present
vote of three-fourths of the stockholders, to be
counted in the manner hereinbefore set FORTH and
M amendment shall be finally acted upon unless
the same has been presented ana read two conse
cutive meetings. Any stockholders, by lawful man
date or power of attorney, may authorize an attor
ney in fact to vote for him and in his name, place
and stead. 1-,o,r WY,
Upon the expiration of the term o. the existence
of the poration herein fixed the liquidation and
settlement thereof shat! be effected by three of the
stockholders residing in New Orleans, to be chosen
ha11 Cor fpaf E0hu
have power to settle and wind up the business OF
this corporation by public or private sale of Its
property and toe division of the profits thereof to-
pether with the division of all of its other assests
meut by payment compromise. transfer Or other
wise OF all its liabilities The said iquidatorS shall
have one year from the date OF their appointment
to resume that liquidation.
Thus done and passed in my Office on this thur
tieth day of pri 1870 in the presence of Iheoduie
Buisson and George Guinault, competent witnesses
residing in this city who have signed these presents
together with the appearcrs, and me- notary, after
q due reading OF the whole.
Signed:
A. PepiH. J. B. Oamors.
j. Turcorte. II. LHbasse,
Joseph BsyIe. F. @. Barriere,.
l.. Y. Audiberl.
Signed:
yHEo o9e 10y 6uIssTN' witnesses.
j. OuVILLIgR, Notary Public.
l. the undersigned. Recorder of Mortgages in and
for this city and parish of Orleans and state OF
louisiana do hereby certify that the within Charter
mas been recorded IN my office in Book society
Der eight folio ninety.nine, required b. Law, on
0 Signed O. DARCANTEL. Deputy.