New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-26
CORPORATIONS.
.....CHARTER

STATE OF LOUISIANA
City of New Orleans.
Be il known that this day before me, Theodore 0.
Stark, notary public in and for the parish OF
appeared the several persons whose pames are mere
matter thew do hereby form among tnemseves
and sucnothers as may hereafter become assoca.eo
sfter defined and have, and do hereby agree
following stipulations to govern the same 10 WIZ
ARTICLEI
The name and style of the corporation hereby
formed shall be The Orleans on and Mana1scsar
ing Com pany," and It's dom,cll is hereby rxed m
the of Agiers parish OF Orleans State OF Leu
issna. ,u,o1rrY
The purposes and objects of this corporation are
hereby declared to be as follows. to-Wt 10 puI-
chase cotton seed and other oeagino1s and nbroes
subsauces or products of this or any otner coun-
tries and to obtain therefrom OIL oil CAKE fertl LeTs
and other articles of for domestic and Tor
ali necessary machinery and manufactures, And
as incidental thereto, to acquire ana noIo sucn
real or personal estate. rights franchises and pryi-
leges as will contribute to secure the accomplish
nent OF the objects and purposes OF TINS corpora
ton. and to SELL transfer or pledge tpe same CT ars
pa '''' ARTICLE Ill
The said corporation shall have and enjoy al ire
powers incident to CORPORATIONS, and authorized ~
law the term of its durs ton is hereby fixed at
twenty five years, commencing on the tnirtletn 81
December last, 1869. Its business shall De managed
and conducted by Board of Directors, composed
of seven stockholders each OF whom shall hold IN
shares of the capital stock of said corporation they
shall elect from among their own number presl:
their successors elected The following named
persons. all stockholders. shall compose and are
wit Messrs Jelsom r. Harrison. Roberr'M. Walms-
ley, Joseph Hoy John Williams John CraHe,
Cyrus Bussey and Camille E. Girardey.
ARTICLE ~.
On the first Monday in Noven, Der NEXT 1870, and
annually Their alter. the election of Directors oy the
stockholders sh all be held at the Office OF the cor
poratlen. ten days notice of ich shall be given,
New Orleans. Said election shall be by ballot escn
share OF the voting stock shall be entitled to one
holder shall in his own me vote more than one
third of the entire Voting sock of this pany in
stock transferred to him within ninety days pre-
vious to sid election plurality of votes cast
snal decide the election; the said election shall be
neld under the supervision of three CO commissioners
previously appointed by the Boar of Directors
cause to elect Directors on the day named for tnat
purpose shall dissolve this corporation bat TIE
Directors then in office shall hold over until another
election is held Of which notice snail forth with be
gwen. provided Tor in the case of the regular
ections, and such notices from time 20 ulne snail
continue until an ee.tion be had,
ARTICLE
Upon the election of Directors the Board OF Di-
rectors so elected shall from their lumber, choose
President and Vice President appoint all officers.
clerks, employees and agents of the company, hx
their salaries and the AMOUNT OF security 10 De re-
Csc ali the powers of the President, Of
the latter's absence or inability to act from any
rum the decision Of majority of which shall consti
tute valid corporate act They shall nave power TO
or repeal the same whenever they shall deem II in
the interest of the company. They may nave and
ton as they shall deem proper; shall nave power to
remove at pleasure all officers and employees Of the
or other legal process all be served upon the Presi-
dent, or in his absence the Vice-President.
ARTICLE WI.
Vacancies may occur in the Board of Directors by
reason of DEATH resignation. insolvency o. absence
filled by ne board shan stand until
their successors are duly elected The board may
also appoint temporary sub.titu for any director
vino may. with leave, be absent for any period ex-
ceeaing thirty days.
ARTICLE VII.
The capital stock of this corporation is hereby
fixed at five hundred thousand dollars divided into
One thousand shares of which shall be entitled
vote while held by the Uatentee OF the patent for
Brown and his associates Messrs G. GiTardey
Co, the lessees OF the Belleville Iron Works; CT
which shares twelve ami nalf per cent are paid
cash at the time of subscription and the balan GO
snail De payable at the time and in the manner
which may bs determined by the Board OF Di-
ARTICLE VIII.
These articles of incorporation may be altered or
modihed, and the capital stock Increased 20 any
sum not exceeding one million dollars by the con-
sent or tWo thirds in amount and number of all the
Convened after thirty days no1ice WaensEer ss
increase of capital shall be duly authorized thirty
pubhed in the city g. Se1 as
within which time stockholders shall have the priv
amount of their stock, and any not so taken
81 the expiEatIoS OF that time may be disposed of
porauon, but not at less than par value.
ARTICLE TX.
Should any subscriber neglect or refuse 10 pay the
fSlr lT4r IN 10 nnl xrol
Directors, the said board shall have the right Of
causing such share or shares which suy sam may
previous notice thereof by advertisements in two
journals published in this city.
ARTICLE K.
Upon dissolution of this corporation by the exp
-auon OF the term of ITS charter, otherwise lis
AFFAIRS shall be iauidated by five Commissioners to
De elected by the stockholders day of the last
election for Directors and in case of dissolution
specially convened, after thirty days notice ss re-
lulred for regular elections Said commissioners
Directors their salary and term OF Office stall be
ixed, previous to election, by the general meeting
If the stockholders; said commissioners shall IN.
nedlately proceed to settle and wind up the bust.
3e e OF the company and after payment of al It's
ne excess pro rata among the stockholders.
ARTICLE XII.
This corporation is formed under an set of the
Leglsiature OF TINS State entitled AN act for the
agan,na.ion OF corporations for works of public
improvements and utility" approved March 10
s52, and reenacted March IA, 1856 and If is m
ended to possess all the powers conferred by SAID
Gus, and necessary and proper for the purpose of
responsible to or through said corporation for its
ontracts or faults in any further sum than tire mn
ana balance due to the company, should apy be
ne, on the shares owned by him.
ARTICLE XII.
nie corporation shall go into operation as soon az
cen subscribed for and these articles are recorded
tne once or the Recorder of Mortgages for the
arisn OF orleans, as required by law.
Ihus done and passed in my office, ST NewOr-
'ans. on TINS sixteenth day of February, A D.
snteen hundred ard seventy, in the presence of
naries u Andry and Edgar Grima, both of this
10y, competent witnesses, VIII, have signed these
CHARLES 6. ANDRY.
EDGAR GRIMA.
7. o. STARK, Notary Public
i. the undersigned, Deputy Recorder of Mort.
sges Tor TINS city, and parish of Orleans State of
oaslana: 40 hereby certify that the within act of
c9r poratlon mas been this day duly recorded IN
o9a o eight, 1olo thirty, of this Office required
Il. 81
(slgne0 G. DARCANTEL, Deputy.
new orleans. February 10, 1870.
tie Of record.
7. o. STARK, Notary Public.
Ne" orleans, February l9, 1870 fe23 INNS u 1926
IEGkT, N0TTCES.