New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-01
CORPORATIONS.
cuARrrR .cHARTER.
STATE OF LOUISIANA, !
Oity of New Orleans. }

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CHARrER..,...:.:: "..cHARrsA
STATE OF LOUISIANA,
City of New Orleans.
Be it known. that this day before me. Theodore O.
Stark notary public in and for the parish OF Orleans
State Of Louisiana aforesaid. personally came and
mater subscribed as stockholders who severay de-
clared that they do hereby form smong themselves,
Hh tSs Tor tbs purposes herein
after defined, and have, and do hereby agree To tne
following stipulstions to govern the same to VII:
ARTICLEI.
The name and style Of the corporation hereby
formed shall be '.Ths Orleans Oil and Manufactur-
ing Of Of
isianA
The purposes and objects Of this corporation are
hereby declared to be as follows. to-wit To pur-
chase cotton seed and other olesginous and hbrous
substances, products Of this Or any other coun-
and other articles Of commerce for domestic and for
egn markets. and to that end to work and carry on
as Incidental thereto, to acquire and hold such
real personal estate rights, franchises and priy
ment Of the objects and purposes Of this corpora
ton and to SELL transfer or pledge the same or any
part thereof.
ARTICLE III.
The said corporation shall have and enjoy all the
powers INCIDENT to coroorstions and Authorized BY
law. the term OF its durstion is hereby fixed at
twenty he years. e commencing on the thirtssh OF
and conducted by Board Of Directors, composed
Of seven stockholders, each Of whom shall hold in
shares Of the capital stock Of said corDoraton they
shall elect from among their own plumber presl;;
their successors are elected. The following named
all stockh4 9ha shall and are
Jssom A Robert
ley, Joseph hoy, John Williams John Chahs.
ARTICLE Nv.
On the first Monday in November next. 1870. and
annually Their after the election of Directors by the
stock holders sh ali be held at the Office Of the COR
II at least two newspapers published the city Of
share OF the voting stock shall be entitled TO one
vote. in person or by proxy. provided no stock.
third of the entire voting stock of this company in
any election. and no stakeholder shall vote upon
vious to sid election. A plurality Of votes cast
shat decide the election the said election shall be
previously appointed BY. the Boar Of Directors
from among the stockholders. a failure from any
SO on 6r
Directors then in office shall hold over until another
Or w inr the cas-. ssa a De
9 ections, and such notices from time to time shall
continue until an election be had.
ARTICLE
Upon the election of Directors the Board OF Di-
rectors elected shall from their um Der, choose a
President and Vice President. appoint all officers.
clerks employees and agents of the company, fix
CURED rom M each. The Vice President shan e1er
else all the powers of the President in the of
the latter's absence. inability to act from any
cause. A majority of the Board shall form a quo.
rum. the decision off majority OF WHICH shall const
make by.laws, rules and regulations to; alter, amend
or reueal the same whenever they shall deem it in
the interest o, ans svc may nave
ton they shall deem proper; shall have power to
remove at pleasure all officers and employees OF the
company, except the President. Citations to suits
other legal process shall be served upon the Pres
dent. or in mis- absence the Vice-President.
ARTICLE vi.
Vacancies may occur in the Board of Directors by
reason of death, resignation. insolvency. absence
such vacancies filed by he board shall stand until
their successors are duly elected, The board may
also appoint temporary sub,ttu 70 for any director
who may. with leave. be absent for any period ex.
cseaing thirty days.
ARTICLE VII.
The capital stock of this corporation is hereby
fixed at Eve hundred thousand dollars divided into
fl thousand shares Of one hundred dollars each.
One thousand shares of which shall not be entitled
to vote while held By the patentee OF the patent for
Brown, and his associates. Messrs. z. GIrardey
Co. the lessees OF the BeievIlle Iron Works: Of
which shares twelve and half per cent are paid
cash at the time of subscription, aud the bAlan CO
shall be payable at the time and in the manner
rectors.
ARTICLE VIII.
These articles of incorporation may be altered or
su mot eaoeedns one million dollars By the con
seat of twothirds in amount and number of all the
Convened after thirty days notice. whenever an
increase OF capital shall be duly authorized thirty
days notice Of the same shall be given in two daily
within which time shall have the privi-
lege of increasing their shares pro-rata to the
4nf yhonr atn CHI nnfC a an
By the Board Of Directors for the benefit OF this cor
poration, but not at less than par value.
ARTICLE TX.
Should any subscriber neglect refuse to pay the
subscription for stock required by the Board OF
Directors, the said board shall have the right OF
be due TO be sold public auction, after days
previous notice thereof, by advertisements in two
journals published in this city.
ARTICLE X.
Upon dissolution of this corporation by the expi.
ration of the term OF its charter or otherwise its
affairs sha be liouidated by five commissioners to
be elected by the Stockholders the day OF the last
election for Directors, and in OF dissolution
previous thereto. then. general meeting to be
specially convened, after,thrty days notice.
| quired fer regular elections Said commissioners
snail have the qualifications required TO,
Directors; their salary and term OF office shall be
Of the stocShoders; said commssisioners shall i'm
mediately proceed to settle and wind up the bust
| the excess pro rata among the stockholders.
ARTICLE XI.
This corporation is formed under act of the
Legislature of this state entitled IAN act for this
organization of corporations for works of public
| improvements and utility" approved March L.
1882 and re enacted March Ia, 1865, and 1t is in
tended to possess all the powers conferred by said
acts and necessary and proper for the purpose OF
its formation. No stakeholder shall ever be liable
or responsible to through said corporation for 1T
contracts faults in any further sum than the un
paid balance due to the company, should any be
due, on the shares owned by him.
ARTICLE XII
This corporation shall go into operation as soon as
one Thousand shares of its capital stock shall have
been subscribed for and these articles are recorded
in the Office of the Recorder OF Mortgages for the
parish of Orleans. as required by law.
cans on this sixteenth day OF February, A. ID
eighteen hundred and seventy, ID the presence o.
Charles G. Andry and Edgar Crima. both OF this
| city, competent witnesses, VINO have signed these
presents with the said corporators, and me, notary
| CHARLES G. ANDRY.
! T. o. STARK, Notary Public.
| l. the undersigned, Deputy Recorder of Mort
cages for this city, and parish Of Orleans. State o
Louisiana do hereby certify that the within act o.
INCORPORATION has been this day duly recorded il
book eight folio thirty of this Office as required
| by law.
| IL. 81
| New Orleans February 10, 1870.
A true copy of the original act, and certiti
T. o. STARK, Notary Public