New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-09

andre Pepln. Jean Bsptiste Gsmors Joseph Tur.
Guillaume Barriere. Emile Victor Audibert, and
others. who declared that, awaiting them selves of
TENTH Of MARCH, 1855 entitled IAN act for the Or
ganizaton of corporations for works of public i'm
cists themselves together and to form Corporation
for she gqrSess # n within this Stse
fort. and to conduct the business Herewith con-
ton to be located in the city of New Orleans. thus
have accordingly established the following charter:
ARTICLEI.
The name of said corp GRAFTON 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 We years
unless sooner lawfully dissolved.
ARTICLE H.
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 patent
number eighty nine thousand seven hundred ana
Victor Audibert of New Orleans, who hereby trans
rights hereunder which rights the said corporation
in turn may also sell transfer in part for special
purposes of utity TO other corporations therein.
ARTICLE I'LL
of twenty thousand dollars, represented by twenty
shares of one thousand dears each all of which
IS
nized as the holder of ten such shares, which are
thous and dollars per share, and not liable to any
contributions or assessments whatever. This cor
poration shall commence its business from the date
of these presents. Every transfer of stock shall be
made on 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.
hv Ia khnfers vi hal naaf forf hat
purpose on the first Monday of each month. A
quorum Of five shall at all times be sufficient for the
ing they shall appoint one of their number President,
who may be also the Superintendent of the corpora
surer thereof The last dss Of April Of every year
an amount showing the balance of the business shall
then be- divided if it be deemed proper to do So.
The corporation shall have the right to contract,
necessary to carry the principal business thereof
and to invest in mortgage security and real estate
in its corporate capacity and plead and be mpleaded
accordingly; A majority of the stockholders shall
as may arise at any meeting. provided always that
the holder of share of stock shall be entitled to
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
Concerning the CORPORATION shall be served UPON
him; his term of office shall be ons year from the
Be t shah be ds to exercise
general supervision the affairs of the corpo.
s In Of the
the stockholders shall proceed to the election of
tnelr successors for the Of the qnexpred
term. In case of temporary disability President
President shall meyer act Is secretary, and it hall
not be competent for the Secretary at any time to
discharge the functions of the President.
ARTICLE VI.
It shall be the duty of the Secretary to keep a
record of the proceedings Of the stockholders and
the stockholders a balance sheet at the end of
month. showing the true condition of the accounts
Of the seal of the corporation. and. together with
the President, shall sign all checks legally drawn,
latter when lawfully issued the seal of the corpora
ton. His term of office shall be year from the
date of bis election but the end Of said term be
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
by them respectively owned, and all new stsckhoid
shall bind themselves to comply with the regua-
tons hereinabove mentioned, or those that may be
made by way of amendment hereafter. The present
charter shall not be altered amended, except by
a vote of three.fourths of the stockhod ers, to be
counted in the manner hereinbefore set forth; and
no amendment shall be finally acted upon unless
the same has been presented and read two conse
cutive meetings. Any stockholders, by lawful man
date power of attorney. may authorize attor-
ney in fact to vote for him and in his name, place
ARTICLE VIII.
Upon the expiration of the ter N 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 that purpose. They shall
have power to settle and wind up the business of
this corporation by public private sale of it's
property and the division of the profits thereof to-
gether with the division of all of its other
pro rata among the stockholders. after the settle
ment by payment, compromise, transfer or other
wise OF all its liabilities. The said liquidators 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 April 1870 in the presence of Theodule
Buisson and George Guinault competent witnesses
residing in this city who have signed these presents
together with the appearcrs. and me, notary after
a due reading of the whole.
Signed:
A. Pepia. J. B. Camors,
j. Turcotte. H Labasse,
Joseph Bayls, I. g. Barriere,
Z. V. Audibert.
Signed:
THEoDULE BUrssoS, W;tnezsss
GEORGE GUINAULT, :
j. UuViLLIER. Notary Public.
/, the undersigned, Recorder of Mortgages in and
TOR 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-
Der eight foo ninety nine, as required by law, on
the ninth of May, $50.
(Signed) @ DARCANTEL, Deputy.
New Orleans. May Il, 1870.
myll Su 4w