New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-05
CORPORATIONS.
CHARTER.....

| OVIbl Vkth4A AVN ~
,- - 1900 cusrTrr
| STATE OF Lou1s1ANA,l
City OF New Orleans.
Be it known. that this day before me. Theodore o.
Stark, notary public and for the parish OF Orieans
State of Louisiana. aforesaid, personally came ana
matter subscribed stockholders who severaIy de-
cssed that they DO hereby TORN smong
with them, corporation for the purposes herein-
aft defined and have. and do hereby agree to the
following stipulations to govern the to wit:
ARTICLEI.
The name and style Of the corporation hereby
| ing Company" and its domiciI is hereby fixed in
the town Of Ngers parish of Orleans, State of Lou
| isianx .pnyc,rry
The purposes and objects Of this corporation are
hereby declared to be as follows, to-wt :,To pur-
chase cotton seed and other oleaginous and fbrous
Substances, products OF this or any other coun-
tries, and to obtain therefron OIL Oh CAKE ferzers
egn markets, and to that end to WORK ano carry on
all necessary machinery and inanuiactufnes,,. ana
real or personal estate, rights franchises and priy
ent Of the Objects and purposes Of this
tion and SELL transfer or pledge the same or any
| part thereof
ARTICLE ILL.,
| The said corporation shall have and enjoy all the
powers incident to corporations, and authorized by
| law. the term of its duration is hereby hxed az
December last, 1893 It's business shall be managed
Of sach @ Of WSo@ shall in
his own name and right not less than twenty-five
| shalt elect from amohg their nunbera presi:
dent and ylcs.pres'd dent, and Sha 50 serve until
hereby constituted the first Board Of Directors TO
leg, Joseph hoy, John Williams. John C6affs,
Cyrus Bussey and Camille E. Girsrdey.
ARTICLE ~.
On the first Monday in November next. 1870, and
stockholders sh all DO held the Office Of the
| poratlsn. zen days notice OF leu shall be given
| New Orleans Said elsction sha be by ballot, each
share OF tho voting stock shall be entitled to one
holder shall in his own n.nae vote more than
third of the entire voting stock OF ths company in
any election and no'stockhoder shall vote upon
stock transferred to him within ninety days pre-
vious to said, election. plurality Of votes east
under the supervision Of th1es F
tbs stoekhodrs failure from sns
cause TO elect Directors the day named for that
bectors then in office shall hold over until another
| election is held OF which notice shal forthwith De
seon as ucS e to anal
| continue until an eiestion be mad.
ARTICLE V.
| Upon the election of Directors the Board OF Di-
rec'ors elected shall from their number, choose
clerks, employees. and agents of the company, fix
their salaries and the amqupt OF security 20 bs re-
else all the powers OF the President in the event OF
the stter or n aoar to ACT or from any
rum, the decision Of majority ofwhieh shall const.
make bylaws, rules and regulations alter, amend
or re0eal the same whenever thy shall deem 1t in
on saa Wi such and nscrp
ton as they shall deem proper; shall have power to
Company ~ e1cept the President Citations suits
other legal process sh al be seryed upon the Pres
dent, or in his absence the Fice-Presideae.
ARTICLE vi.
Vacancies may occur ia the Board of Directors by
of death, resignation insolvency., or absence
from the things for more than ninety days; and
their successors are duly elected. The board may
also appoint temporary substitute for any director
who may. with leave be absent for any period ez'
ceeding thirty days.
ARTICLE VII.
The capital stock of this corporation is hereby
fixed five hundred thousand dollars, divided into
One Ihoasand shares Of which shalt mot be entitled
vote while held BY the paentse Of the patent d9r
Brown. and his associates Messrs. Q. E Girardey &
Co., the lessees of the Beilevllle Iron Works; Of
cash at the time Of sabseripSon and the balance
which may be determined by the Soard OF Di-
3 rectors.
These articles of incorporation may be altered
modified, and the capital stock Increased to any
sum not exceeding one million dollars by the CON
two-thirGs in amount and number of all the
! stockholders, to be obtained in general meeting
convened after thirty days notice. wherever an
days posce Of the same snail be given in two daily
journals. published in the city OF New Orleans,
! iege of increasing their shares pro-rata to the
amount of their stock, and shares not so taken
by the Board OF Directors for benefit Of this
\ | poration, but not at less than par value.
o ARTICLE TX.
Should any subscriber neglect refuse to pay the
,laar, rod hu tha nf
, Directors, the said board shall have the right Of
causing sucn share or shares on which any sum may
be due be sold public ction after ten days
previous thereof. by advertisements in two
!, | journals published in this city.
: ARTICLE <.
3 Upon dissolution of this corporation by the exp.
3 affairs shall be liouidated by five COMMISSIONER to
elected BY the stockholders. the day Of the last
spsoisis conssned, sfsTthff dsys notice. Is e
snail have the same qualheanons fsguirsd d Tor
OF the stockholders; said commissioners shall i'm
Of he and after Of al its
deots ard settlement of its liabilities TO distribute
e | the excess pro rata among the stockholders.
/; ARTICLE XII.
! This corporation is formed under an act of the
organization of corporations for works OF public
improvements and Utility" appresyed March Z.
D.,
tended possess all the powers conferred by said
acts, and necessary and proper for the purpose of
| It's formation No stakeholder shalt ever be liable
responsible to or through said corporation for its
| faults in further sum than the
| paid balance due to the company, should any be
due, the shares owned By him.
ARTICLE XII
This corporation shall go into operation
Thousand shares of its capital stock shall have
been subscribed for and these articles recorded
in the office OF the Recorder of Mortgages for the
" | parish of Orleans, as required by law.
| Thus done and passed IN ONCE, at New Or
| cans, on this sixteenth day of February, A. d.
| eighteen hundred and seventy, in the presence of
| Charles G. Andry and Edgar Grima, both of this
J. | city, competent witnesses, who have signed these
presents with the said corporations, and me- notary.
! | CHARLES G. ANDRY.
EDGAR GRIMA.
T. o. STARK, Notary Public.
j. the undersigned, Deputy Recorder of Mort.
cages this city and parish of Orleans State OF
louisiana do hereby certify that the within act OF
book eight. folio thirty of this Office required
= | by law.
e CsigneO G. DARCANTEL, Deputy.
), ! New Orleans, February l9, 1870.
3 true copy of the original act, and certit-
n T. o. STARK, Notary Public
New Orleans, February 10, 1870. fe23 mno IL ~ 70
J. EDUCATIONAL.
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