New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-22
CORPORATIONS,
NEW ORLEANS SUGAR SHED
COMPANY,
UNITED STATES OF AMERICA

| public lin and for the city OF New Orleans, Stat
aforesaid, duly commissioned and sworn, per5oo al
came and appeared the persons hereinafter mama
and undersigned, who severa!iy declared that, aval
ing themselves or tbs provisions Of the statutes
OF corporations this state, they have s2resd an
| bind themselves ana those whom they represent,
aud uoder the stipulations. ,egula tons and obhs
| tons following, TO wit
ARTICLE FIRST
The eorpo,ats name Of this assoeiation she!I B
| ARTICLE SECOND.
The place of business and legal domicil CT thi
corporation snail be located in the city OF New Vi
ARTICLE THIRD.
The object of this association is to construct an
MAINTAIN sugar sheds IN the city of New Orleans
for he protection and shelter OF sugar aud olasses
and for eKsrc. sing such other and priv eye
as mag bs necessary for the business appertsnin
thereto OR WHICH are or may DO conferred OF 1t.
ARTICLE FOURTH.
The capital stock of this association is hereb,
fixed at one million two hundred thousand dollars
represent ed by weivs thousand shares IF ous hun
dreG dollars each Six Thousand shares Of said stoc
the property of Francis y. Feitas, and his asso
GATES. shall be deemed paid az 20 the extern
of twenty dollars per share at this time, am stall
eXeInp from all calls until the other stock hall have
been TAKEN and snai have paid twenty d.lars pei
share. Five per cent OF each subscription TO the
other stock shall be payable at the time of sub Grip
ton: and the remainder sfhli he paid at the TINS
and in the directed by the Board Of Directors
provided tn2t more thHn OiidrS per
salq su scrptlon sha-i ba casd tor al any one time
and not ctener than vi hin any thirty days; and
provided further, that no sGb scrlber or stakeholder
sDaii ever BE called on tor more than forty dollars
per snare, and his STOCK then be considered fully
paid.
Should any subscriber Or stockhode- refuse OF
neglect To paw punctnaliy any irSta Intent in
stalinentS as the same manure and fall DUE ntsrest
thereon al the rate OF eight per cent per annuul
shall be added thereto from maturity till payment:
and II any subscriber or stOcEhOider negscts re-
fuses to nav his nstallngnt or ipstallmeDts within
"A n ma q
Board of Directots shall have the right Of causing
sny share or ares or which any insIalme,t or in
staliments may be due, to be sold public auction
or otherwise, after ten days previous notice thereof
by advertisement in any newspaper published IN
law, the amount due.
ARTICLE FIFTH.
That the said corporation hereby assumes all the
obligation OF +. ancis B. tleitas principal, John
j. Warren Samuel Jamson, Francis IL. Ia CHI and
Samuel t. Moore securities under the provisions
and terms Of au ordinance OF the Common Coun-
Gil OF the city of New Orleans, approved August
H. l-69, granting to said Frances B. Fie;tss
right 20 have ar6 ENJOY, for the period OF
I~entynys Years me eAciosi'e risn' ana priyl-
Second District of the said city, between Custom
house and ST. Louis streets. commonly known the
Sugar Landing, for the purpose of construc in z
thereon the treproof sheds for the reception of
sugar and molasses within the time and according
10 this plans aud specifications OF the City Surveyor
which ordinance Is hereby referred 10. and copy
made part hereof
cations Of he contract con AIMED IN the ACT passed
before w. j. Castei notary public hs eighteenth
oay o. august 1918 N complain WIN Lne terms,
provisions and requirements CT said ordinance be-
tween said Francis B. Feitas, as principal, and the
said j. j. Warren, Samuel Jamison, Francis H.
Match and Manuel r. Moore as securities. and the
ssd city of New Orleans, duly certiti ID copy of
which is herein referred to, and made part hereof
and this corporation also assumes and shall refund
and pay to said fletas his expenditures for plans
surveys ana other OUTLAWS, 10 the sum of seven thou
sand dollars.
a nd this corporation hereby obligatss itself to
do and perform every obligation thing and require
ment in said or1lu ance and acr of agreement con
SON, Hatch and Moore harmless from all liability
arising out of the on performance thereof.
And ths said Francis h. fleitas. for the consider
alton heretofore ana hereaf 10 be expressed and
contained herein. hiss agreed TO and does hereby
transfer, assign. convey and abandon unto TINS
poratsn. all the rights and priv eyes granted or
ordained 20 him by the Aforesaid ordinance OF TIE
series approved August H. Ise3 ard in The contract
Aforesaid o! eighteenth August, I.o9 with all the
franchises tnereGIto Os'onging OF @pDertaining 10
entirely ne, the saic feltas, could or might have
done mad ne retained the ownership and control
thereof
Six thousand shares OF the stock Of said company
shall De the properly OF SAID Francs 3. Fietas,
F:enCls Hatcn, j. j. arreu Thomas j. Semmes,
Samuel J sr,iso0 Hanson Kelly. Z. W Rodd and
Robert Mott, in the following proportions, VIZ:
rnGee thousand six hundred ard fity shares shsU
belong to said teIrss: one tboasand shares 10 Fran
1is Il. Hatcn; tive hundred shares 10 Thomas j.
semInes one hundred shares to J. J. Warren: one
hundred shares TO Samuel Jamison; one hundred
shares TO Z. ". Rodd fifty SHARES to Hans3n Kelly,
ard five hundred shares to Robert Mott; winch
shall he deemed paid up TO the amount of twenty
1oiisra per share, and on which said six thousand
hares of stock no call for contributions shan be
4 ade until the othersX thousand shares shall have
been taken and shall have paid up twenty dollars
per share, and thereafter ali the stock herein before
assigned 20 and held as aforesaid by the said eta5,
datcS warren, Jamison, SeTnmes, keiiy. Rod and
Volt, and their assigns and tracsfgree=. aud the
,tner SIX thousand shares snail stand on the SAME
ooung, ard shal contribute equally, share and
bare alike 70 the necessities aud requirements OF
AID corporation. in conformity to the provisions
rticle four OF tbs charter.
ARTICLE SIXTH.
This association shall go into operation from an
fter the date OF this act.
ARTICLE SEVENTH.
This association shall have a corporate seal! tn |
eVice OF which shall be a sugar hogsheao, vi tn
ame Of the corporation engraved around the same.
ARTICLE EIGHTH
These articles OF association may be N odii ed I
altered, and the capital stock may be increased
lminlsned TO any sum not exceeding two million |
o'lars nor less than SIX hundred thousand dollars
n the manner provided By law, with the consent o
hree-fourths OF the stock represented IN genera |
1eetlng of the stockholders convened Tor that pur.
ose after thirty days notice by publication in any
he capital stock shall never be diminished belo /
weve thousand shares until the SIX thousand |
nares OF new stock shall have been taken aad paid
p twenty dollars per share except by the voluntar
onsent of each stockholder.
Whenever any increase OF capital stock shall b
uly authorized ninety days notice OF the sam
lalI os gwen IN two daily newspapers published
aid city. within which time stockholders shall bav
lie privilege of taking additional shares in proper
on to the amount of their STOCK, and any shares
OF t kes at the expiration of that time may be di
o5- d or oy the Directors tor.ths benefit OF the
ARTICLE NINTH
All the business of this corporation shall be con-
uc,ed and managed BY Board OF Directors, co
sting OF seven persons each of whom shall hold |
IS own right nifty shares OF the capital stock of IN
id association; But the said Board of Directors
lZndin 10Th hon, |
nd shares snail have been taken.
ARTICLE TENTH
The following named stockholders, viz: Francis
smue JAN son, John j. Warren, l.. w Rodd ana
anon Kelly, shall compose and are hereby con-
ituted the hrst Board OF Directors, who sCalI, at
eir first meeting, eject one OF their number Presi-
INT. and said SoarH shall serve until superseded |
their successors, who snail Do elected as provided
article eleventh.
ARTICLE ELEVENTH.
On the third Monday Of May, eighteen hundred
On Of Directors by the stockholders shsll be held,
the Office OF the corporation; for which election
70 newspapers published in the city OF New Ok
ARTICLE TWELFTH
A plurality of votes Counting one vote for each
OF stock voted upon shatl be sufficient TO elect
rectors, who shall, at their first meeting after
cir election, chose ore of their number for Presi
nj Of the Association. who shall pc elected by a
sj0rty CT the whole Board. and upon whom all
5ations, and other legal processes shah be served
II shall be the duty Of the President to preside at
meetings of she Board, and in case OF his alb |
nee or inability to act, The Board shall elect one
their members President pro tenn, who shall for
e time being xercs3 the full power of President
All elections shall be by DsliCt Under the superir-
ndepce of inspectors, appointed by the Eoard from |
long the stockholders not Directors at least one
ea prior to election
ARTICLE THIRTEENTH.
majority of the Board Of Directors shall be fully
thorZed to DO and perform ell and every act and |
ing necessary for the business OF the ASSOCIATION,
protection OF its rights and the prosecution OF
interests.
ARTICLE FOURTEENTH.