New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-22
CORPORATIONS,
STATE OF LOUISIANA, I
City OF New Orleans. !

l
Be it known that this day before me, Theodore o
Stark notary public in and for the parish OF Orleans
State of Louisiana, aforesaid, personally came and
matter subscribed stockholders, who severaly de
| ciared that they do hereby form among themselves
and such Others may hereafter become associated
with them, corporation for thu purposes nefein
after defined, and have, and do herebv agree u the
following stipulations to govern the same 10 WIZ
ARTICLEI.
The name and style of the corporation hereby
| formed shat! b. The Orleans Oil and MarufaCtur
| ing Company, and its domici is hereby fixed i'll
the town of Asiers. parish OF Orleans State of Lou
| isiana.
| The purposes and objects of this corporation are
| hereby declared 70 be as follows. to-wit 10 pur
chase cotton seed and other oleaginous and tibrous
substances, or products OF this any other coun-
tries and to obtain therefrom OIL oil cake.
and other articles of merce for domestic and for
e2n markets, and 10 that end to work and carry on
ai i Necessary machinery and manufactures And
| as ihcioental thereto, TO acquire and hold such
real or personal estate rights franchises aud pr vi
ieges as WI contribute TO secure the accomplish
ment OF the objects and purposes of this corpora.
Ion ana 70 sei transfer o- pledge the same or any
| part thereof.
The said corporation shall have and enjoy al the
| powers incident 10 corporations and authorized by
law. the term OF It's duration is hereby fixed at
twenty i've years, commencing on the thrtieth of
| December last. 1852 Its business shall BIS managed
! ana conducted by Board OF Directors, composed
OF seven stockholders, each of whom shall hold in
| mis- own name and right not less than twenty five
shares OF the capital stock of said corporation they
dent aud vice presldent ana shall SO serve until
their successors are elected. The following named
hereby constituted the first Board OF Directors to
Tlt; sssrs J else r Harrison Robert VANS
Cyrus Bussey and Camille L. GirarGey.
ARTICLE ".
On the first Monday in November next 1870, and
annually ther after, the election of Directors by The
stockholders ali be held at the office Of the cor
n at least two newspapers publ .hsd IN the city Of
New Orleans. SAID electon shall be BY ballot, each
vote, person or by proxy. provided no stock.
holder shall IN his own n me vote more than one
third of the entire voting stock Of this cor pany in
tock transferred to him within ninety days pre-
sinai decide the elect on: the said election shall be-
neid UNDER the supervision of three commissioners
from among the stockholders. A failure from any
cause 20 elect Directors on the day named for that
Directors thsn in office shall hold over until another
election is held Of which notice shall forthwith be
as suo ol n sns case OF =, n
continue until an election be had
ARTICLE "
Upon the election of Directors the Board o. Di
rectors SO elected shall from their number, choose
clerks, employees and agents of the company, fix
their sslariesand the AMOUNT of security 10 be
else all the powers of the President in the of
the latters absence. or inability to act from any
u
rum the decision of majority of which shall const
tute valid corporate act. They shall have power to
or repeal the same whenever they shall deem it in
the interest of the company. They may have and
ton they shall deem proper; shall have power to
remove at pleasure all officers and employees of the
company, except the President. Citations to suits
other legal process sh al be served upon the Presi
dent, or in mis- absence the Vice President.
ARTICLE VI
Vacancies may occur in the Board of Directors by
reason of death resignation insolvency. or absence
from the sittings for more than ninety days; and
sucn vacancies filled by the board shall stand until
fhelr uecessors are duly elected the board may
wno may. with leave. be absent for any period ex
ceeaing thirty days.
ARTICLE VII
The capital stock of this corporation is hereby |
fixed at i've undred thousand dollars divided into
i've thousand shares of one hundred dollars each.
One thousand shares of which shall not be entitlsa
70 vote While held BY the patentee Of tho patent for
90, the lessees or the BellevIl,e Iron WORKS; of |
,ssL AZ the lime Of sgb,criptioa aud tie bsian CO
snail be payable ae the time and in the manner
-ectors
ARTICLE VIII
These articles Of Incorporation may be altered or
Gum not exceeding one million dollars by the CON
ent Of tvo-thirds IN amount and number of all the
tockhoSe1t to be obtained IN general meeting
Increase OF capita sha be duly authorized thirty
lays notice OF the same shall be given in two dally
oUrnats, published in the city or New Orleans |
Within which time stockholders shall have the privi
ese Of increasing their shares prorata to the
amount OF their stock, end any SD not taken
1t the expiration of that time may be disposed of
" the Board of Directors for the benefit of this
'oratlon, out not at less than par value.
ARTICLE TX.
Should sny subscriber neglect or refuse to nav the
Inscription for stock as required by the Board of
Directors the said board shall have the right CT
e daeto be sold at public auction after ten days
reVlo1s notice thereof, by advertisements IN Two
Ourrala published in this city.
ARTICLE K.
Upon dissolution of this corporation by the exp
alton of the term of its charter or otherwise its
fairs shall be Quidated bs ivo commissioners to |
elected by the stockholders the day of the last
lection for Directors, and in case OF dissolution
revlous thereto, thea at general meeting to be |
pecally convened after thirty days notice, as re-
uired for regular elections: Said commissioners
laii have the same qualifications required for |
directors: their salary ard term of Office shall be
xea, previous to election, by the gsperal meeting
ediately proceed to settle and wind up the busl
ess OF the company. ana after payment of ali its
sbTs ard settlement of its Liabilities. to distribute
lie excess pro rata among the stockholders
ARTICLE XII
This corporation is formed under an act of the
egisature Of this state entitled "An act for the
loro7sments and Utility" approved March ' Il. !
81, and re-enacted March H. 1855, and 1t is in :
pDsocSo
It's, and necessary and proper for the purpose of =
5 formation. No stakeholder aha ever be liable =
responsible to through said corporation for its
ntracts or faults in any further than the I'M
I'D balance due to the company. should any be
e. on the shares owned by him
ARTICLE XII Q
TINS corporation shall go into operation as soon as
e thorsand shares of Its capita stock shall have g
en lbsd for, and these articles recorded
the Office of the Recorder OF Mortgages for the
IRISH of Orleans, as required by lew.
Thus done and passed in my Office, at New Or ,
ans, on this sixteenth day OF February A. d. | q
yhteen hundred end seventy, in the presence of | 81
laries u. Andry and Edgar Grima, both of this e
y. competent witnesses, who have signed these 4
esents, with the said corporstor., and me- notary
CHARLES g. ASDRY. S.
EDGAR GRIMA. o
=. o. STARR. Notary Public
|. the undersigned Deputy Recorder of Mort.
ges for this city, aud parish of Orleans State of
usiana. do hereby certify that the within act of d
corporation has been this day duly recorded in tc
ok eight, folio thirty of this Office, required II
law.
=. 5.
tsgned G. DAROANTEL, Deputy :.
View Orleans, February l9, 1870. !
A true copy of the original act. and certif- s;
= 7. o. STARK Notary Public o
New Orleans, February 10, 1870 fe23 nh5 u 10 &c q
Ii
u Ii E.,DiATE BELEEF. n
Nd & PERMANENT UTIpIc f.rrsEE rrrz E,rn "a