New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-20
CuARrER CHARTER
STATE OF LOUISIANA.

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STATE OF LOUISIANA.
Before me. Joseph Cuvillier. a notary public for
the parish of Orleans and the city OF New Cres Ms
therein residing, personally appeared Messrs Alex
cote. Honore Labasse. Joseph Bayle,, Francois
Guillaume Barrere. Emile Victor Au1lbert: ana
the rights afforded BY act approved on the four
teenth of March, 1866 entitled AN act for the or
srovsmsnt and ptity, they nSve agreed to
cste themselves together and 10 form corporation
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a useful invention, promotive to hea tn ana com
tort. and to conduct the business herewith con
nected, as hereinafter set FORTH the SAID corpora
ton to be located the city of New o. leans thus
have accordingly established the following charter
ARTICLEI.
The name of SAID corporation shall be The Egypt.
Its domicil is established in the city of New Or
leans and the title shall be engraved IN full around
This Corporation shall exist for twenty-five years,
unless sooner lawfully dissolved.
ARTICLE II.
The object of this corporation shall be the manu-.
facture and the sale OF the Egyptian Waterproof
Coating. and the application of said Waterproof
Coating for all useful purposes according to patent
number eighty nine thousand seven hundred and
UneeS States the fourth Of Nay isss to Emile
Victor Audibert of New Orleans, who hereby ira rs
fsrs unto the said corporation ali and singular his
rights Hereunder which rights the said corpor atien
in may also sell transfer in part for special
purposes of atihty 10 other corporations therein.
ARTICLE III.
The capital of said Company is fixed at the sum
shares of one thousand dollars each. all of which
have been paid in cash. and for the transfer of his
nizsd as the holder OF ten such shares, which are
deemed paid up at this time to the extent OF one
thousand dollars per share, and not liable to any
contributions assessments whatever. This cor
poration shall commence it's business from the date
Of these presents Every transfer of stocs shall be
made the books of the corporation and be signed
by the transferer or his duly appointed agent.
ARTICLE w.
The business of this corporation shall be conduct.
ed by all the stock holders who shall meet for hat
purpose on the first Monday of each month. A
transaction of business At their first monthly meet
ing they shall enc OF their President
who may be also the Superintendent of the corpora
surer thereof The last dsy of April of every yesr
an amount showing the balance of the business shall
be struck. and the profits of said business may
then be divided, if it be deemed proper to do
lease, borrow money and make all compromises
necessary carry the principal business thereof
its profits The corporation shall sue and be sued
its corporate capacity and plead and be impleaded
Be
may arise at any meeting provided always that
the holder OF one share OF stock shall be entitled to
one vote, the holder of two shares of stock to two
votes the holder OF FIVE shares three votes and the
holder of ten or more four votes.
ARTICLE v.
The President is the legal representative of the
corporation; all citations and other legal notices
concerning the CORPORATION shall be served upon
him: his term of office shall be year from the
date OF his eectioc but at the end of said ter ne
shall be eligible. 1t shall be his duty exercise
q general supervision over the affairs of the corpo.
ration. snd to promste its welfare. In case OF the
death or resignat of the President OF Secretary.
the stockholders shall proceed to the election of
tneIr successors for the remainder OF the pred
or Secretary pro tempore shall be elected: but the
President shall never act as Secretary. and it shall
discharge the functions of the President.
ARTICLE vi.
1t shall be the duty of the Secretary to keep
record of the proceedings OF the stockholders and
also set of commercial books. He shall furnish
the stockholders balance sheet at the end of each
month. showing the true condition of the accounts
Of the corporation. He shall be the sole custodian
the President, shall sign all checks legally drawn,
and also all certificates of shares, and afx to the
latter when lawful issued, the seal of the corpora
ton. Hi. term OF Office shall be year from the
date of bis election but at the end of said term he
shall be re-eiigibe.
ARTICLE VII.
In no event shalt the stockholders be RESPONSIBLE
for losses Or damages which may be sustained by
this corporation beyond the amount of the share s
By chem respectively owned, and all new stsckhold-
tons hereinabove mentioned, or those that may be
made BY way of amendment hereafter. The present
charter shall not be altered amended, except by
vote of three-fourths Of the stockholders to be
counted in the manner berenbefore set forth; and
no amen dmeDt shall be finally acted upon unless
the same has been presented and read two conse
cutive meetings. Any stockholders by lawu man
date power of attorney. may authorize an attor
ney in fact to vote for him and in his name place
and stead
ARTICLE Will
Upon the expiration of the term of the existence
of the corporation herein fixed the liquidation and
settlement thereof shall be effected by three of the
stockholders residing IN New Orleans, to be chosen
| by an election held for that purpose. Tney SD all
have power to settle and wind up the business oil
| this corporation by public or private sale of itf
gether with the division of all of It's other assets
pro rata among the stockholders after the settle
| ment BY payment compromise transfer or other
wise OF all its liabilities The said liquidators shall
| to resume that liquidation.
| Thus done and passed in my Office on this thr
tieth day of April 1870, in the presence of Theodul
| Buisson and George Guinault. competent witnesse
residing in this city, who have signed these present
together with the appearcrs, and me, tary, ate
a due reading of the whole.
A. Pepin, y.B. Oamors.
j. Turcotte, II. Labasse,
Joseph Bayle. +. G. Barrere,
| Il. v. Audibert.
TTn HGoD ; BuIssos. Witnesses.
| j. OuVILLIER, Notary Public.
| /, the undersigned, Recorder of Mortgages in an
| for this city and parish Of Orleans and State
Louisiana do hereby certify that the within Chare
has been recorded in my office, in Book Society nun
Der eight. folio ninety nine. as required by law.
'ne nt signed, As' i'" O. DARoANTEL. Deputy
New Orleans. May Il. 1870.
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