New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-17
CHARTER.
NHAKTER. ..........
STATE OF LOUISIANA.

| CHAKTEK..................,.CH AKTER
STATE OF LOUISIANA.
the parish Of Orleans and tie city OF New Orleans
therein residing, personally appeared Messrs Alex
cote. Honore Lsbssse. Josaph Baye, FrancoI.
Guisume Barriere, Emile Victor Au tlbert. and
the rights afforded b. an act approved the four
teenth of March. 1855. entitled AN act for the or
ganlaat,on OF c9rporatt2ns Tor woTs' OF puDlc I'M
ciats themselves together and to form Corporation
f9r the Purgose Of magufaetarlng within ms Ste.e
usefu invention, promotive to hea tn and com
| fort and to conduct the business Herewith con
nected as hereina after set forth the sslo Corpora
ton to be located in The city of Nav leans thu;
have accordingly established the following charter
ARTICLEI
The name Of SAID corporation shall be The Egypt
ian Waterproof eating Company OF New Orleans u
Its domicl is established In the city of New Or.
leans, aud the title shall be engraved in full aroun
ITS seal the centre of when shall be sphinx
This corporation shall exist for twenty-five years
unless sooner lawfully dissolved
ARTICLE IL
The object of this corporation shall be the manu-.
facture and the sale of the Egyptian Waterproof
Coating tor all useful purposes. according patent
number eighty nine thousand seven hundred and
United States on tn fourth Of May. 1859. to Emile
Victor Audibert of New Orleans, who hereby ira u.s.
fers unto the said corporation al and singular his
rights Hereunder, which rights the said corpor ion
in turn may also sell transfer in part for special
purposes of utility 70 other corporations therein.
ARTICLE I'LL
The capita OF said Company is fixed at the sum
of twenty thousand dollars, represented by twenty
shares OF one thousand dollars each all of which
have been paid in cash: aud for the transfer Of his
patent rights as aforesaid E. " Audibert is recog-
deemed paid up at this time to the extent OF one
thousand dollars per share, and not hsbe to any
r. n1nfQ UE htG
poration shall commence its business from the date
OF these presents Every transfer of stoes 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.
ed by all the 5 och holders VINO shall meet for hat
PURPOSE on !, the hTst MONDAY OF each month.
transaction OF business AT their first monthly
ing they shall appoint enc of their number President,
who may be also the superintendent of the CORPORA
ton and one Secretary. who may be also the Trea-
surer hereof The last dsy of April of every year
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 So
The corporation shall have the right to yntract,
lease, borrow money. and make all compromises
necessary to carry on the principal business thereof
and to invest in mort gage security and real estate
profits. The corporation shall sue and be sued
in its corporate capacity and plead and be i'm pleaded
Be required for the % such
as may arise at any meeting, provided always that
the holder OF one share OF stool 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
corporston all citations and other legal notices
concerning the CORPORATION shall be served upon
him; his term OF office shall be yssr from the
sh sl bs eligible. 1t shall be his duty TO exercise
general supervision the affairs of the corpo.
or on o. he presden On
the stockholders snail proceed to the election of
their successors for the remainder OF the xpired
term. In case OF temporary disability Pres dent
or Secretary pro tempore shall be elected: but the
Pre-; ident shall meyer act as seeretary and it hail
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
If the corporation. He shall BIS the sole custodian
he President shall sign al checks legally drawn, |
md also al certificates of shares, and afix to the
ion. Hi. term Of office shall be year from the |
late of his election, but at the end of said he
shall be re eligible.
ARTICLE VII
In event shall the stockholders be RESPONSIBLE |
Or losses or damages which mag be sustained by |
his corporation beyond the amount of the shares |
y them respectively owned and all stOckhold- |
rs shall bind themselves to comp with the regua-
iors hereineoove me tonsd or those that may be !
made bs way of amendment hereafter. Ths present |
harter shall not be altered or amended, except by
vote of three-fourths of the stockholders, to be
counted in the manner herei before set FORTH and
20 amendment shall be finally acted upon unless |
he same has been presented and read two conss |
;utive meetings. Any stockholders, by lawiu man
late power of attorney may authorizs an attor-
ley in fact TO vote for hum and in his name, place
md stead.
ARTICLE Will
Upon the expiration of the ter 70 OF the existence
II the corporation herein fixed the liquidation and
thereof shall be sff6cta6 nv of he
residing In New Orleans to be chosen
" election held for that purpose. They SD all |
AVE power to settle and wind up the business of
his corporation by public or private sale of it's
'roperty and the division of the profits thereof to-
ether with the division of all of its other assests
,ro rata among the stockholders after the settle
nent BY payment compromise. transfer or other
lave one year from the date of their appointment
o resume that liquidation.
Thus done and passed in my Office on this thir
ieth day of Dri 1870 in the presence of Theodu,e
suiason and George 1uinault, competent witnesses
espdng in this CITY, who have signed these presents
oRether with the Rppearcrs, and me, notary, after
due reading OF the whole.
Signed:
A. Pepin, j. B. Camors,
j. Turcotte, II. Labasse,
E. V. Audibert.
Signed:
THEoDULE BUIssoN u:.
GEORGE GUINAULT, ! "i'neeSee'
j. UtyILLIER, Notary Public
I, the undersigned. Recorder of Mortgages in and
)r this City and parish of Orleans and State of |
louisiana, do hereby certify that the within Charter
as been recorded in my office, in Book Society
er eight, tOlIo ninety nine as required by law,
ne ninth of May, ls10
New Orleans. May IL, $50. 1 'A''
m7il Su 4w