New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-25
....... CHI AKTER.
STATE OF LOUISIANA.

the parish Of Orr cans and the city of New Orleans
sns
cote Honore Labasse. Joseph Bayle FRANCOIS
Guiliaume Barriere. Emile Victor Audibert, and
Others who declared that, awaiting them selves OF
tie rights afforded bg act approved on the four
teenth of March 1855 entitled AN act for the or
provement and utility" they agreed to asso
ciats themselves together and o form Corporation
THE GYPTIAN WATERpROOF COATING"
useful invention, promotive to heath and com
nected, as hereinafter Set forth the said Corpora
ton to be located in the city OF New OIleans-th thus
have accordingly established thu following charter:
ARTICLE /.
The name of SAID corporation shall be THE Egypt
ian " aterproof Dating Company OF New Orleans.
Its domicil is established IN the city of New Or
lbs seat, IN the centre OF whcn snail De a spnlnx
This corporation shall exist for twenty-five years,
unless sooner lawfully dissolved.
ARTICLE III.
The object of this corporation shall be the manu-.
facture and the sale OF the Egyptian Waterproof
Coating. and the application OF said Waterproof
number Gig aty. nine thousand seven hundred and
twenty seven, issued oy the government of the
Victor Audibert. of New Orleans who hereby trans
fers unto the said corporation all and singular his
in turn may also sell transfer in part for special
purposes of atility 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; aud for tee transfer of his
nized as the holder of ten such shares which are
deemed paid up at this time to the extent of one
contr,butons or assessmen;s Wbateyer This cory
poration shall commence its business from the date
OF these presents Every transfer of stoss shall be
by the transferer or his duly appointed agent.
ARTICLE Nv.
The busines of this corporation shall be conduct.
purpose on the first Monday of each month. A
quorum OF five shall at all times be sufficient for the
transaction OF business. Attheir first monthly meet
ing they shall appoint of their number President
who may be also the Superintendent of the corpora
ton, and one Secretary. who may be also the Trea
surer thereof The last dsy of April of every year
an amount showing the balance of the business shall
be struck. and the profits of said business may
The corporation shah have the right to c. ntract.
lease, borrow money. and make all compromises
and to invest in mortgage security and real estate
its profits. The corporation shall and be sued
IN its corporate eapaGl,y and plead and be I'm pleaded
be required for the determination OF such questions
as may arse at any meeting ProSded always that
one vote the holder of two shares of stock to two
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
m the e % shall b be f1d
date of mis- elscior but at the end of said tern be
shall be reeligibe. 1t shall be his duty exercise
& general supervision the affairs of corpo.
ration and to promote its welfare. In case OF the
death or resignat OF the President Secretary.
the stockholders shall proceed to the election of
their for the remainder of the nexpired
term. In case OF temporary disability q President
President shall never act secretary, and it shall
not be competent for the Secretary at any time to
discharge the functions OF the President!
ARTICLE vi.
IT hall ho Ia I,-fv off ba 5ooy
record of the proceedings OF the stockholders and
also set of commercial books. He shall furnish
month. showing the true condition of the accounts
of the corporation. He shall be the sole custodian
the President, shall sign ali checks legally drawn,
and also all certificates of shares and afix to the
tiop. Hi. term of Office shall be one year from the
date of his election but at the end OF said term he
shall be reeiigible
ARTICLE VII.
In no event shall the stockholders be responsible
for losses or damages which may be sustained by
this corporation beyond the amount of the shares
ers shall bind themselves to comply with the regus-
lions hereinabove mentioned, or those that may be
made by way Of amendment s hereafter The present
vote Of three-fourths of the stockholders to be
counted in the manner hereinbefore set forth; and
no amend ment shall be finally acted upon unless
the same has been presented ana read two conse
cutive meetings, Any stockholders. by lawful man,
date or power of attorney. may authorize an attor
ney in fact to vote for him and in his name, place
and stead.
ARTICLE VIII.
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 election held for thst purpose. They shall
have power to settle and wind up the business of
this corporation by public private sale of its
property and the division of the profits thereof to-
gether with the division of all of its other assests
pro rata among the stockholders after the settle
ment by payment compromise, transfer other
wise OF all its liabilities The said Iiqudators shall
have one year from the date of their appointment
to resume that liquidation.
Thus done and passed in my Office on this thIr
tieth day of pr 1870 in the presence of Theodule
Buisson and George 0uinault, competent witnesses
residing in this city who have signed these presents
together with the appearcrs. and me- notary, alter
q due reading of the whole.
Signed:
A. Pepin, j. B. Camors,
j. Turcotte, III. Labasse
Joseph Bsyle. F. G. Barriere,
K. V. Audbert.
Signed:
THEoDULE BUIssoN, witresses
GEORGE GUINAULT, ! "i'nesses'
j. OuVILLIER Notary Public
/, the undersigned. Recorder of Mortgages in and
for this city and parish of Orleans and State of
Louisiana. do hereby certify that the within Charter
has been recorded in my office. in Book Society num-
'no t esigned 14s' i''0 O. DARoANTEL. Deputy
New Orleans. May II, 1870. |
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