New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-22

STATE OF LOUISIANA.

Before me, Joseph Cuvillier. notary public for
andre Pepn. Jean, Baptiste Uamors Joseph Tur-
Guiliaume Barrere. Emile Victor Audibert and
others, who declared that avang them selves of
the rights afforded bg act approved the four
teenth of March. 1885, entitled An act for the
ganzation of corporations for work, Of public i'm
cats themselves together and to form Corporation
t9T the Rurvqse 81 n WITHIN ths
a useful Invention, promotve to hsa tn and com
fort. and to conduct the business herewith con-
nected as herein after set forth the said Corpora
ton to be located in the city of New Oleans thus
have accordingly established the following charter:
ARTICLE 1.
The Of SAID corporation sh aiI ba THE Egypt
ian aterproof coating Company of New Orleans"
Its domicil is established IN the city of New Or
leans and the title shall be engraved in full around
ITS seal, IN the centre of which shall be sphinx
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 Water proof
Coating and the application of said Waterproof
Coating tor all useful purposes according to patent
number eighty nine thousand seven hundred and
twenty seven. issued oy the government of the
United States on the fourth of May, 1869, to Emile
fers the said cor poration all and singular his
rights Hereunder which rights the said por alton
in turn may also sell or transfer in part for special
purposes OF ability 70 other corporations therein.
ARTICLE III.
The capita of said Company is fixed at the sum
of twenty thousand dollars, represented by twenty
shares of one thousand dears each all of which
have been paid in cash; and the transfer of his
patent rights as aforesaid Z. v. Audibert is recog
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
poraton shall commence its business from tie date
OF these presents Every transfer of stock shall be
made the books of the corporation and be signed
Dy the transferer or his duly appointed agent
ARTICLE ~.
Tina busins of this cornoration shall ha conduct.
ed by all the stock holders who shall meet for hat
purpose on the first Monday of each month. A
quorum OF five shall at all times be sufficient for the
transaction OF business At their first monthly meet
ing they shall appoint of their number President
VINO may be also the Superintendent of the corpora
surer thereof The last dsy of April of every year
be- struck and the profits of said business may
then be divided, if it be, deemed propsr to do
Lease borrow money. and make all compromises
necessary to carry the principal business thereof
its profits. The corporation shall sue and be sued
In Its corporate capacity plead and be i'm pleaded
be h Of
as may arise at any meeting, provided always that
the holder OF one share OF stock shall be entitled to
votes the holder of five shares three votes. and the
holder OF ten or more four votes.
ARTICLE 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 eectior but at the end of said term he
sh all be eligible. 1t shall be his duty exercise
general supervision over the stfairs of the oorpo.
death or resgnat on of the President Secretary,
the stockholders shall proceed to the election Of
their successors for the remainder of the unexpred
term In case of temporary disability a President
or Secretary pro tempore shall be elected but the
not be competent for the Secretary at any time to
discharge the functions of the President.
ARTICLE vi.
1t shall be the duty of the Secretary to keep a
record of the proceedings Of the stockholders and
slso set Of commercial books He shall furnish
the tockholders balance sheet at the end of each
month. showing the true condition of the accounts
of the corporation. He shall be the sole custodian
Of the seal of the corporation, and together with
and also all certificates of shares and afx to the
latter. when lawfully issued the seal of the corpora.
ton. Hi. term of office shall be year from the
date of his election, but the sud of said term he
shall be eligible.
ARTICLE VII.
In no event shall the Stockholders be responsible
for losses damages which may be sustained by |
this corporation beyond the amount of the shares
By them respectively owned. and all new steckhod
ers shall bind themselves to comply with the regula
tons hereinabove mentioned. or those that may be
made by way of amendment hereafter The present |
charter shall not be altered or amended except by |
q vote of three-fourths of the stockholders to be |
counted IN the manner hereinbefore set forth; and
the same has been presented ana read two oonse |
cutive meetings. ANY stockholders, by lawful man
ney in fact to vote for him and in his name place
and stead.
ARTICLE VIII.
Upon the expiration of the ter O. the existence
Of the corporation herein fixed. the liquidation and |
settlement thereof shall be effected by three of the
residing in New Orleans to he chosen
by an election held for that purpose. They shall |
nave power to settle and wind up the business of |
his corporation by public private sale of its |
property, and the division of the profits thereof,
yether with the division of all of its other
pro rata among the stockholders. after the settle
nent by payment, compromise. transfer other |
wise OF all its liabilities The said liquidators shall
lave one year from the date of their appointment |
20 resume that liquidation.
Thus done and passed in my Office on this thir |
eth day of prl 1870. in the presence of TheoduIe
3uisson and George Guinault, competent witnesses
'esdug in this city, who have signed these presents
ogether with the appesrcrs. and me, notary after
due reading Of the whole.
Signed:
A. Pepin, j. B. Carnors,
j. Turcotte, FL Labasse,
Joseph Baye. +. q. Barriere,
e. V. Audibert. |
Signed:
yHEoDULE BUIssoN, Witnesses.