New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-12

STATE OF LOUISIANA.

Before me. Joseph Cuvillier. notary public for
the parish of Orleans and the city OF New Orleans
andre Pepln, Jean Baptists Oamors, Joseph Eur
cote. Honore LAbasss. Joseph bayie, francols
others, who declared that. awaiting them selves of
rights afforded b. an aot approved on the four
teenth of March. 1855, entitled An aet rot tne or
provemeut and utility" they have agreed to asso.
cats themselves together anu 70 form
"THE iti TPrIAN WATERPROOF COATING.
a useful invention, promotlve to meath ana com
tort and to conduct the business herewith con-
nected, as hereinafter sst forth, tbs saic corpora
ton to bs located in the city OF New Orleans. thus
have accordingly established the following cnafter'
ARTICLE 1.
The name of said corporation shall be The Egypt
ian W aterproof Dating Company Of New Orleans.
Its domicil is established in ths city OF New Or
leans aud the title shall be engraved IN 'u aroma
This corporation shall exist for twenty-five years,
unless sooner lawfully dissolved
ARTICLE II.
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 for all useful purposes ACCORDING 20 patent
number eiguty.nin thousand sevsn manare9 4 th
United States on ths fourth of May. 1869. to Emile
Victor Auibert OF New orleans snS nsreoS IRA rs
rights Hereunder which rgnts the salo
in turn may aso sell transfer in part for special
s~SHSAA'
ARTICLE Ill.
The capitaI of said Company is fixed at the su N
of twenty thousand dollars, represented by twenty
shares OF one thousand dollars eacn all OF wnich
paid in cash. and fSr o
nized as the holder OF ten sucn shares, wnicn 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 coz
por.tion shall commence its business. from the date
Of these presents. Every transfer OF STOCK shall be
made on the books of the CORPORATION: and be signed
by the transferer or his duly appointed agent.
ARTICLE ".
The busine of this corporation shall bs conduct.
ed by all the stockholders wno shall meet for hat
purpose Oh the first Monday OF eacn montn. a
transaction of business. At their hrst monthly meet
ing they shall appoint one OF their num6 President,
who may be also the ndent OF the CORPORA
stion and one Secretary. who may be also the Trea
surer thereof The last dsy of april Of every year
an amount showing the balance OF the business may
then be divided, if it be deemed proper to do 3d.
The corporation shall have the right to centract
lease, borrow money. and make all compromises
necessary to carry on the principal business thereof
and to invest In mortgage security and real estate
in its cor porate capacity and plead and be i'm
accord ngy. A rajoriiy of the stockholders shall
as may arise at any meeting. provided always that
the holder of share OF stock shall be entitled TO
one vote, the holder of two shares OF stock to two
votes the holder OF five shares three votes and the
holder of ten OF more four votes.
ATICLE v.
The President is the legal representative of the
corporation all citations and other legal notices
concerning the coronation shall be served upon
him: his term of office shall be on year from the
date of his eiectior but at the end Of said terr he
sh all be re-elgbe 1t shall be his duty to exercise
a General supervision over the sffsrs of the corpo-
ration and to promere its welfare. In case OF the
death resignat of the President OF Secretary,
the stockholders snail proceed to ths election or
pe,r successors for the remainder OF the unexpired
term. In of temporary disability President
Secretary pro tempore shall be elected put the
md ' a
not be mpeteot for the Secretary at ans time to
discharge the functions of the President
ARTICLE VI.
It shall be the duty of the Secretary TO keep 9
record of the proceedings OF the stock holders and
aIsn n set of comInerci al books He sha furnish
IKE SHAREHOLDERS balance sheet at the end Of each
month. showing tie true conditlon OF the accounts
OF the corporation. He shall be the sole custodian
of the seal of the corporation, and, together VIII
the President, shall sign all checks legally drawn
and also all certificates Of shares, and attx TO the
ton Hi term OF Office shall be year from the
date of his election but at the end OF said term he
| shall be re-eilgibe.
ARTICLE VII.
In no event shall the stockhold be RESPONSIBLE
f,r losses or da magss which may be sustained by
this oorporstion bsyond the amount of the shares
by them respectively owned, and all new stsckhoid
ers shall bind them selves to compy with the regu a
lions hereina5ove men toned or those that may ot
made BY way OF amendment hereafter. Tho present
charter shall not be altered or amended except b!
/ w
counted in the manner hereinbefore set forth; ant
| no amendment shall be finally acted upon unes
| the same has been presented and read two conse
| cutive meetings. Any stockholders, by lawful man
date power of attorney may authorize an attor
ney in fact to vote for hun and in his name, place
| and stead.
ARTICLE VIII.
Upon the expiration of the term OF the exlstenct
OF the corporation herein fixed. the liquidation ant
settlement thereof shall be effected by three Of The
stockholders residing New Orleans, to be chosen
| by an election held for that purpose. They SD al
| have power to settle and wind up the business o
| this corporation by public or private sale of IL
property, ard the division of the profits thereof. to
eether with the division of all of its other assest
pro rata among the stockholders. after the settle
| ment by payment, compromise, transfer or other
wise OF all It's liabilities The said iqudators sha
have one year from the date of their appointm IN
| to resume that liquidation.
| Thus done and passed in my office on this thu
tieth day OF April, $780, in the presence of Iheodui
| Buisson and George Guinault, competent Titnesse
residing in this city, who have signed these present
together with the appearcrs. and ma, notary, ate
| due reading of the whole.
Signed:
A. Pepin, }. B. Camors,
j. Turcotte, Fl. Labasse,
Joseph Bayle. +. G. Barriere,
| Il. V. Audibert.
Signed:
9HroDULE BUIssoN, Witnesses.
| GEORGE GUINACLT, !
j. UuVILLIER, Notary Public.