New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-05
CORPORATIONS,
NEW ORLEANS SUGAR SHED
COMP

state OF Louisiana, city OF new Otledne'
Be it known, That on this twenty eighth day OF
January in the year of our Lord one thousand eight
hundred and seventy. and OF the independence OF
Before me. CHARLES sTRINGER, a notary
public lin and for the city of New Orleans. state
came and appeared the persons hereinafter named
and undersigned, who ssveraly declared that, avail
ing % 81 to Of the .ae
of corporations this State, they have agreed and
bind themselves and those whom they represent, to
form themselves into corporation for the OBJECTS
and under the stipulations. regulations and obhga'
lions following, to wit
ARTICLE FIRST.
the new W S URIsASs mss sUGAR SHED COMPANY.
ARTICLE SECOND
The place of business and legal domicil of this
corporation shall be located in the city OF New VI
leans.
The object of this association is to construct and
maintain sugar sheds 10 the city OF New orleans,
for the protection and shelter of sugar and
and for exercising such other powers and PRIV eyes
as may be necessary for the business appertaining
thereto, or which are may be conferred on IT,
ARTICLE FOURTH.
The capital stock of this association is hereho
fixed ct one million two hundred thousand dollars,
dred dollars escn. Six thousand of said stock
Is the property of Fraucs B. Fsltas and his asso.
of twenty dollars per share at this time and shall he
exemp from ali calls until the other stock shall have
other stock shall be payable at the time of sub Grip
and in the amer directed by the Board Of Directors
provided that not more than ten dollars per n re- OF
said subscription shall be called for at any one time,
and not oftener than within any thirty days: and
provided further, that no subscriber or stocShoder
per share, and his stock then be considered as fully
paid. -
neglect to pay punctualiy any ipst&Iiment or IN.
stalmerts the mature and fall due. interest
thereon at the rate OF eight per cent per annum
and if subscriber or atocAhoider negects or re-
| fuses to pay his insanent or installments within
thirty days alter the specified time of payment the
Board Of Directos shall have the right of causing
any share shares which any installment OF in
or otherwise after ten days previous notice thereof,
by advertisement in any newspaper published IN
the city of New Orleans of recovering, By suit at
| Law, the amount due
| ARTICLE FIFTH.
Obligations of Francis B. tletas principal, John
| j. Warren, Samuel Jamison. Francis H. Hatch and
an terms of an ordinance of the Common Coun.
| cu of the city of New Orleans. approved August
@ 80 OF assigns the
right TO have ARD enjoy, for the period o.
iege OF using the public spaces on the levee in the
second District Of the said city. between Custom
S Su Landing for the purpose Of construct ine
| thereon the hreproof sheds for the reception OF
10 the pans and specifcstions of the City Surveyor
| winch ordinance is hereby referred to, and copy
| And this corporation Hereby assumes all the obi
cations IF the contract contained in the act passeG
Casfe notary pHsc On H the Eng
provisions and requirements OF said ordinance be
said Wn4sn B. Js
| Hatch and Samuel 4. Moore,ss securities, aud the
city Of New 9es5s ia au psr GS sGeo
and this corporation also assumes, and shall
and pay said Fleitas his expenditures for plans
surveys and other OUTLAWS to the sum OF seven thou
And this corporation hereby obligates itself te
do and perform every obligation. thing and require
.aned ana TO hold ns said Feitas Warren
| son, Hatch and Moore harmless from all liza blty
| arising out of the non performance thereof.
And the sid Francis B. Fieitas. for the consider
Contained herein. mas agreed to and does hereby
transfer assign, convey and abandon unto tbs cor
porauon, all the rights and privileges granted o.
| Common Council of New Or leans No: l5.s ne"
SERIES approved August a. 1869, and in the contract
aforesaid o. ighteenth August. 1868 with all the
franchises thereunto belonging or appertalnlpg, u
rod and de en9g Fh eon n u. 1Fay
done had he retained the ownership and contro
Six thousand shares of the stock of said compan.
shall be he property Of sa1d Francis B. tietas
Francis Hatch, j. j. arren, Thomas j. Semmes
Samuel Ja1lison. Hanson Kelly, II. W. Rodd ant
Robert Mott. in the following proportions. VIZ
Three thousand six hundred and fifty shares shsl
els H. Hatch; Ave hundred SHARES to Thomas ]
Sernmes, one hundred shares to J. j. Warren; on'
SHARES to E. ". Podd fifty shares to Hansen Kelly
ard five hundred shares to Robert Mott; whici
dollars per share, and on which said. six thousan
shares of stock no call for contributions shali
made until the other six thousand shares shall hav
been taken and shall have paid up twenty dollar
per share and thereafter all the stock hereinbefor
assigned and held as Aforesaid by the sad tettas
Hatch Warren Jamison, Semmes, Kelly, Rodd ant
MOTT, and their assigns and 5ran sfeIees, and tn
footing and shall contribute equally, share an'
share alike to the necessities and requirements Q
said corporation, in conformity TO the provisions
article four of this charter
/ ARTICLE SIXTH.
This association shall go into operation from an
after the date OF this act.
ARTICLE SEVENTH. e.
This association shall have corporate SEAL tn
device of which shall be a sugar hogshead, vi tn
name of the corporation engraved around the sam G
ARTICLE EIGHTH.
These articles of association may be modified
or altered and the capital stock may be increased
diminished to any sum not exceeding two million
in the manner provided by law, with the consent Q
three -fourths of the stock represented in genera
pose after thirty days notice BY publication in an
daily newspaper of the city OF New Orleans.
Il twelve thousand shares until the six THOUSAND
shares of new stock shall have been taken ard pai
up twenty dol ars share except by the voluntar
Whenever any increase OF capital stock shall b
duly authorized, ninety days notice OF the sam
shall be given in two daily newspapers published l
said civ within which time stockt olders shall hav
the privilege of taking additional shares, in proper
tor to the amount of their Stock and any shar e
not ken ct the expiration of that time may be di
posed Of by the Directors for the benefit of the
S''''''''- ARTICLE NINTH.
All the business of this corporation shall be con
Quoted and managed by Board Of Directors, co
sisting of seven persons, each OF whom shall hold
Trytt oh nf Na al
said association. But the said Board OF Director
may be increased to twelve when the other Six thou
sand shares shall have been taken.
ARTICLE TENTH.
The following named stockholders, viz: Franci
B. Feiias Francis =. Hatch. Thomas D. Senmes
Samuel Jamison, John j. W arren, +. w. Rod an
Hanson Kelly. shall compose and are hereby !, cor \
their first meeting, eject of their number Pres
dent and said Board snail serve until superseded
by their successors who shall be elected as provide
in article eleventh.
ARTICLE ELEVENTH.
On the third Monday of May, eighteen hundre
ton Of Directors by the stookhollers shall be held
previous notice of at least ten days shall be given il
two newspapers published in the city of New Or
'e"N'' ARTICLE TWELFTH.
"A plurality of votes counting one vote for eacl
share of stock voted uponl shall be sufficient to cleo
their election chose one of their number for Pres
dent of the Association. who shall be elected by
majority of thu whole Board, and upon whom a
citations and other legal processes; shall be served
1t shall be the duty of the President to preside
| ali meetings of the Board and in of his al
sence or inability to act the Board shall elect on
of their members President pro tenn, who shall fc
the time being exercise the full power of Presiden
All elections shall be by ballot, under the superb,
tendepce of inspectors appoint ed by the Board frol
among the stockholders, not Directors at least or
week prior to election.
ARTICLE THIRTEENTH.
Amaiority of the Board of Directors shall be full