New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-10
CORPORATIONS.
NEW ORLEANS SUGAR SHED
COMPANY.

I Before me- CHA RLEN STRTNGER, nOtAfy
public in and for the city of New Orleans, state
aforesaid. duly commissioned and sworn personally
came and appeared the persons herep natter named
ana undersigned, who s9veraiIy declared that, avail
ing themselves OF the provisions of the statutes OF
the State OF Louisiana relative 10 the organization
OF corporations in this State thy have agreed and
bind themselves and those whom they represent, to
form themselves INTO corporation for the objects
and under the stipulatons regViatio and obhga-
| lions following, to wit
| ARTICLE FIRST.
The eorpo5 ate name Of this ass9estion, sbsl De
ARTICLE SECOND.
The place of business snd legal domieil Of this
corporate shall bs located in the city of New Or
| leans.
ARTICLE THIRD.
The OBJECT of this association is to construct and
for he protection and sheer of sugar and GLASSES,
and for exercising such other powers and priv eyes
IS may be assary for the business appertaining
| thereto, or which are or may De conferred OF IL
ARTICLE FOURTH.
The capital stock of this association is hereby
| fixed at one million two hundred thousand dollars
dred dollars each Six Thousand shares of said stock
is the property of Francis b. Eletas, and his asso
of twenty dollars per share this time and shall be
eXemp' from all calls until the other stock nal, have
share. Five per cent of eacn subscription to the
other stock shall be payable at the time OF sub Grip
and in the directed by the Board of Directors
provided that not than ten dollars per sh RS OF
and not otener than within any thirty days: and
provided further that no subscr Der or stocknooar
shall ever be called on for more than forty dollars
| paid.
| should any subscriber or stockholder refuse
| neglect to pay punctuaDy any INSTRUMENT or IN
stalments the mature and fall due. interest
| thereon at the rate of eight per cent per annum
shall be added thereto from maturity till payment;
and il any subscriber stakeholder pegects or re-
fuses to pay his instalment or nstailments within
thicty DAYS sitter the specified time Of payment the
Board Of Directots shall have the right OF causing
stalIment is may be due to be sold at public auction
or Otherwise after ten days previous NOTICE thereof
the city of New Orleans of recovering by suit at
| law. the amount due.
ARTICLE FIFTH.
That the said corporation hereby assumes all the
| Obligations of FL ancis e. feitas principal John
| j. Warren, Samuel Janison. Francis H. haeh and
Samuel 4. Moore as securities under the provisions
| and terms of an ordinance OF the common Coun.
H. I-ss, granting to said Francis B. Fleit.s.
| his representatives,, successors or assigns, the
| twenty. five years, the exclusive right and priv
lege OF using the public spaces on the evee IN the
house and ST. Louis streets, commonly known the
Sugar Landing, for the purpose OF constructing
| sugar and moasses within the time and according
the plans and specifications of the City Surveyor
which ordinance is hereby referred to, and copy
And this corporation hereby assumes all the obli
CATIONS of the contract armed in the passed
before W. j. Caste notary public ths eighteenth
day of August, 1869. in compliance with the terms,
tween said Francis b. Fleitas, principal and the
| said j. ), Warren, Samuel Jamison. Francis H.
| said city of New Orleans. duly certified copy OF
| which is herein referred to- and made part hereof,
| and this corporation also assumes, and shah refund
and pay to said fletas his expenditures for plans,
surveys and other outsys TO the sum OF seven thou
| And this corporation hereby obIigatss itself to
do and perform every litigation. th Dg and require
Inert in said ordluance and act of agreement con-
| hold fieltaS. Warren,
son, Hatch and Moore harmless from all liability
arising out of che non performance thereof
Md the said Frsoos b. tieitas. for the consider
alton heretofore and hereaf 10 be expressed and
transfer assign. convey and abandon unto tins cor
porauen, all the rights and privl' eyes granted or
Common Council Of New Or eans. No l5s8 new
series approye9 August a lss and IN the contract
franchises thereunto beon ging appertainiug. ,o
have, hold and enloy the same as July, trniy and
done had he retained the ownership and control
Six thousand shares of the stock of said company
shall be the property of card francis B. fIietas.
Samuel Jamis5n, Hanson Kelly f. W Rodd and
| Tsree thousand six hundred and fifty shares shall
oi, H. Hatch: i've hundrea shares to Thomas j.
Semmes, one hundred shares to J. j. Warren; one
to to 20 ey
! ard five hundred shares to Robert Mott; which
doa 81 snare and on @hc sand SIX
| shares OF stock no cal for contribution shan be
been TAKEN and shsl have pad no twenty DO lars
per SHARE and thereafter ali the stock hsrenb fore
assigned 70 and held as aforesaid by the SAID -fetas
Hst5n warren. Jsmison, Semmes, Kelly, Rodd and
Mott, and their assigns and ttSDsferee5, and the
share like II the necessities ard requirements OF
said corporation, conformity to the proyieions
| article four Of this charter.
ARTICLE SIXTH.
| This association shail go into operation from an
| after the date OF this act.
ARTICLE SEVENTH.
| This association shall have corporate seal. tn
device of which shall be a sugar hogshead, wi b tn
name Of tie corporation engraved around the sam e.
| ARTICLE EIGHTH.
| These articles of association nav be modified
altered, and the capital stock may be Increased
| dimin. he'd to any sum not exceeding two million
| in the manner provided by law, with the consent
| three-fauIths of the stock represented in genera
pose after thirty days notice by publication in any
| daily Newspaper Of the city OF New Orleans.
! twelve thousand shares until the six thousand
shares of new stock shall have been taken aed paid
up twenty dollars share except by the voluntar
consent of each stockhoder.
| Whenever any increase Of csptal stock shall b
duly authorized, ninety days notice OF the sam
shall be given in two daily newspapers published i
sid city, within which time stockholders shall hav
ton to the amount of their stock. and any shafes
not taken at the expiration of that time may be di
''''' ARTICLE NINTH
All the business of this corporation shall be
| cted and managed by q Board OF Directors,
sistug of seven persons, each of whom shall hold i
his right fifty shares OF the capital stock of tn
| said association. But the sad Board of Directors
may be increased TO twelve when the other six thoa
| sand shares shall have been taken.
ARTICLE TENTH.
| The following named stockholders, viz: Francis
| B. Fleiias, Francis H. Hatch Thonlas j. Semmes,
Hanson Kelly. shall compose and are hereby con-
stitued the first Board of Directors who shall, at
their first meeting, lect one OF their number Presi-
| dent and said Board shall serve until superseded
BY their successors who shall be elected provided
| in article eleventh.
ARTICLE ELEVENTH.
| On the third Monday of May, eighteen hundred
and sevauty-two, md annually thereafter. an cleo
ton OF Directors by the stockholders sh al be held
at the office of the Corporation for which election
previous notice of at least days shall bs given in
| two newspapers published in the city of Aew o.
| leans. - - -
A plurality Of votes Counting one vote for each
share of stock voted upon shan be sufficient elect
| Directors, who shall, at their hrst meeting after
their election, chose one of their nun Der for Pres
| dent of the Association. who shall be elected by
| majority Of the whole Board, and upon whom all
citStiors and other legal procas shall he served
1t shall be the duty of the President preside at
| all meetings OF the Board, ard IN case Of his ab
sence inability to act, the Board shall elect
Of til sir members President pro tenn who shall Tor
the time beng exercise the full power of President
tenderce of inspectors appointed by the roard from
among the stockholders net Directors, At least one
| week prior to election.
| ARTICLE THIRTEENTH.
Amajority of the Board of Directors shall be fully
authorized to do and perform all and every act and
thing cssary for the business of the association.
the protection OF its rights and the prosecution of
| its interests.