New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-24

STATE OF LOUISIANA.

Before me. Joseph Cuvillier. notary public for
the parish Of Orleans and the city OF New Orleans
andre PeplD, Jean Baptiste Camor. Joseph Tur-
cote. Honore Labasse. Joseph BayIe,, Francois
others. who declared that awaiting them selves of
the rights afforded By an act approved on the four
ganzation of corporations tor works of public i'm
provement and utility they have agreed to asso
for the puroose II manutacturing within this state,
"a HE EG sPTIAN WATERPKOOF COATING"
tort, and to conduct the business Herewith con-
nected. hereinafter set forth. he said corpora
ton to be located ne ely OF NV leans thus
ARTICLE I.
The name of said corporation shall be THE Egypt.
ian aterproof Dating Company of New Orleans"
leans and the title shah be engraved in full around
This corporation shall exist tor twenty i've years,
Unless sooner lawfully dissolved.
ARTICLE H.
The object of this corporation she be the manu-
facture and the sale OF the Egyptian Waterproof
Coating for all useful purposes according to patent
number eighty nine thousand seven hundred and
United States on the fourth of May 1859, to Emile
Victor Audibert of New Orleans. who hereby trans
rights Hereunder which rights the said
in turn may also sell transfer in part for special
purposes of utility 70 other corporations therein.
ARTICLE Ill.
The capita1 of Said Com pany is fixed at the sum
sf twenty thousand dollars, represented by twenty
Shares Of one thousand dollars each. all of which
patent rights as Aforesaid Y Audi5ert IS recog
nized as the holder OF ten such shares. which are
thousand dollars per share, and not liable TO any
contributions assessments Whatever This cor
OF these presents Every transfer of stocg shall be
made the books of the CORPORATION. and be signed
by the transferer or his duly appointed agent
ARTICLE ".
IT A., N
ed by all the stock holders WHO shall meet for hat
purpose the first Monday of each month. A
transaction of business. At their first monthly
ing they shall appoint of their lumber President,
ton, and one Secretary who may be also the Urea
surer thereof The last dag 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,
lease, borrow money. and make all compromises
necessary to carry the prime pal business thereof
and oinvss. In mortgage security and real estate
its profits. The corporation shall sue and be sued
in its corporate capacity and plead and be i'm pleaded
accordingly, A inaIo OF the stockholders shall
bs required for the determination OF such questions
as may arise at any meeting. provided always that
the holder of one share of stock shall be entitled to
vote. the holder of two shares of stock to two
votes the holder of FIVE ehares 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 one year from the
date OF MS election but at the end OF said term he
sha be reefgible. 1t shall be his duty to exercise
general supervision over the affairs of the corpo-
ration and to promote its welfare In of the
death resignat of the President o, Secretary,
the stockholders snail proceed to the election of
their successors for the remainder of the unexpired
term. In of temporary disability q President
or Secretary pro tempore shall be elected but the
not be COMPETENT for the Secretary at an time to
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
of the seal of the corporation, and, together with
ard also ali certifcates Of shares and sfx to the
latter, when lawfully issued the sea! of the corpora
ton. His term of Office shall be one year from the
date OF his election, but al the end Of said he
shall be re eligible.
ARTICLE VII
In no event shah the stockholders ba responsible
for losses or damages which may be sustained BY
this corporation beyond the amount of the shares
by them respectively owned, and all stockho.d-
ers hall bind them selves to comply with the regula
tons hereinabove mentioned or those that may be
made by way of amendment hereafter. The present
charter shall not be altered or amended except by
counted in the manner hereipbef0re set forth; and
amendment shall be finally acted upon unless
the has been presented ana read TWO conss.
Cutive meetings. Any stockholders, by lawful man.
date power of attorney, may aut horizs attor-
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 tnres of the
stockholders residing in New Orleans, to he chosen
by an election held for that purpose They shall
have power to settle and wind up the business of
this corporation by public or private sale of its
properly and the DIVISION Of the profits thereof,
gether with the division of all of it's other sssests
pro rata among the stockholders. after the settle
meut by payment. compromise. transfer or other
wise Oh all its liabilities. The said Qudators shall
have 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 tjuipau!t, competent witnesses
residing this city, who signed these presents
together with the appearcrs, and me, notary after
a due reading OF the whole.
Signed:
A. Pepin, J. B. Camors,
j. Turcotte, H. Labasse,
Joseph Bayle +. &. Barriere,
r.. V Audjhert.