New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-15
On Rte X.
Oh "A KITE Is
STATE OF LOUISIANA.

| Before me: Joseph Cuviilier. a notary public fol-
tne parish OF Orleans add the city of New Orleans
andre Pepin. jean Baptists Camors, Joseph Tur-
cotte hono.e Labasse. Joseph Baye,, Francois
others. who declared that, availing them selves OF
the rights forded b. an act approved on the four
ganization OF corporations for work, of public i'm
Drovement and utility" thsy have agreed to asso
TOR tho purpose IT manufacturing, within this State.
THE EGYPTIAN WATERPROOF COATING 81
| fort, and to conduct the business Herewith con-
nected as hereinafter set forth, the said Corpora
tion to be located in Tho city OF New Orleans. thus
nave accordingly established the following charte
ARTICLEI.
The name Of SAID corporation shall be "rhe Egypt.
ian aterproof eating Company of New Orleans -
Its domici IS established in th5 city of New Or
leans, and the title shall oe engraved full around
IT, rs seal IN the centre OF whcn shall be sphinx
his 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
twenty seven, issued by the government of the
United States on the fourth of May ls69 to Emile
Victor Audibert of New Orleans. who hereby.trans
rights Hereunder. which rights the said corpor
in turn may also sell or transfer part for special
purposes OF utility 10 other corporations therein.
ARTICLE I'LL
The capita OF said Conn any is fixed at the sum
OF twenty thousand dollars, represe ted by twenty
SHARES OF one thousand dollars eacn. all OF which
patent rights as aforesaid E. V. Audbert is recog.
nizeh as the holder o: ten such shares, which are
thousand dollars per snare, and not lisbe to any
contributions or assessments whatever. This CO..
OF tnese presents Every transfer of stocs shall be
made on the books of the corporation. and be signed
by the transierer or his duly appointed agent.
ARTICLE ~.
no Nv. "a
ed by all the stockholders VINO shall for nat
purpose the first Monday of each month i.
transaction Of At first mon unly meat
ing they shall appoint one of their nun Der President
surer thereof The last dsy OF Aprl of every year
be struck. and the profits of said business may
then be divided, II it be deemed proper to do So
Inc corporation snail have the right to c. ntract,
lease, b7rrow money, and m Ike all compromises
necessary to carry on the principal bushes, thereof
aud to invest IN mort gage security aud real estate
Its profits. The corporation shall and be sued
In its cor porate pacty and plead and be pleaded
accord ng'y; majority OF tie stockholders -hsil
as may arise at any meeting provided always that
the holder of sh OF stock shall be entitled to
votes the holder OF five shares three votes aad the
holder OF ten or moro 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 onA year from the
date OF his eectioc, but at the end of said ter. he
sh all be reegbe. IL shall be his duty exercise
general supervision the affairs OF the corpo.
ration. and to pronete its wsifare In of the
death or resgnato on of the President OF Secretary
the stockholders snail proceed to ths election of |
their successors for the remainder OF tho uuexpired
term In case Of temporary disability a President
Or Secretary pro tempore shall be elected but tina
not be competent for the Secretary at any time to
discharge the functions of the President
ARTICLE VI.
I. shall be the duty of the Secretary to keen a |
record OF the proceedings of the stockheiders and
,lso set OF commercial books he shall furnish
he stockholders a balance sheet at the end of each
month. showing the true condition of the accounts
u the corporation. He shall be the sole custodian
II the seal of the corporation, snH together with
he President, shsll sign ali checks legally drawn,
nd also sill certificates of shares and stfx to the
after, when lawful ssued the seal of the corpor4
ion. Hi. term of Office shall be one year from the
late of his election but at the end of said term hs
ARTICLE VII.
In no event shall the stockholders be RESPONSIBLE |
his corporation beyond the amount OF the saares |
rs shall b cd them selves to COMFY with the rspns
lons hersinabovs mentioned, those that N ay be
aade o. THy OF amendment hereafter The present
narter shaii not be altered or amended, except by
vote OF three-fourth5 of the stockho dars, to be
ouoted 10 the manner hereinbefore set forth; and
10 amendment shall be finally acted upon unless
he sane has been present ed ana read two conss
utive meetings. ANY stockholders by lawful man.
late or power OF attorney. may authorize an attor-
icy m tact 10 vote tor him and in his name. place
nd stead. |
ARTICLE VIII.
Upon the expiration of the term OF the existence
the corporation herein fixed. the lou daion and
ettlement thereof shall be sffected by three Of the
tockholders residing IN New Orleans to he chosen |
y al election held for tn 1t p1rpose. Tney shall! |
ave power to settle and wind up the business OF
his corporation by public private sale OF It's
oper'y, and the nlvls'on OF the profits thereof to-
ether with the division of all of its OTHER assets
10 rata amoog the stockholders. after the settle |
lent by payment, compromise, transfer or other |
'lse on all ITS liabilities The said iiquidators shall
ave one year from the date of their appointment |
resume that liquidation.
Ihus done ana pissed IN my Office on this thir !
18TH day OF APRIL 1870, in the presence of rheoduie
'uisson and George 1unault, compe, ent witnesses |
esdng in TINS city, VINO have signed tbess presents
ogether with the appearcrs, and me- notary after |
due reading of the whole.
Signed:
A. Pepin, ,yR. Catnors
j. rurtotte. II. Labasse,
Joseph Bdyie. f. g. Barr!ere,
i. Y. Audibert.
Sgned:
G rEGoDrt I! 81 bUI.soS' Witnesses.
=. o. VlLbIER. Notary Public. |
Htp Of nj |