New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-01
CORPORATIONS.
CHAKTEK. .....-.....c nAETEx
STATE OF LOUISIANA PARISH OF OR
LEANS.

F! AEANS
! Be it known that, on the thirtisth day Of Jul!
| 1888, before rae. Edmund George Wells, Hotar
PUBIC in ana for the parish OF Orleans, tate
Louisiana Aforesaid, duly commissioned ana qua'
fed. and in the presence OF the witnesses herelna
ter FAMED and undersigned, personally came and al
pearad the persons hereinafter named and undel
signed who severaily declared that. availip
State of Louisiana relative to the organizations
corp ratoIs in this State. they have covenanted All
agreed and do by these pre- covenant ard agfe
and bind themselves and those whom tine
represent, to form themselves into and constitute
corporation for the objects and under the stpuia
lions, regulations, and obligations following. w.
ARTICLE FIRST.
The name and title Of this 4Corporatqpp shal
LING COMPANY.
ARTICLE SECOND.
The domcil of the Corporation shall be at the cit
shall continue for twenty five years unless soone
dissolved. The Corporation shall have colnmoI
SEAL the device OF which shall be car fully equip
ped, within Circle and the name Of the Com pa q!
traced thereon.
ARTICLE THIRD.
This Company is established for the purpose o.
developing applying and using compressed air as
vehicles according; to the several Inventions 0
also to develop and perfect such other nveE ions
and improvements he may hereafter make fol
that purpose The President Of the Board o.
wnem citations and all other legal notices shall be
served.
The capital stock of the Company shall be five
thousand collars $500 represe rted By one thousand
shares of five dollars tS0 each. all of which shares
are declared TO have been paid In full. Shou q
money be required for the purposes set forth in
article third ana above the already realized
from the sale of shares issued the Board Of Direct
ors with the approval of a maiorisy of the STOCK.
holders, may issue An additional number of shares
tha pOm nj GDllara fAkhi
to be disposed of in the following manner, viz: Ten
dollars $40 to be paid at the date of subscription
ten dollars $50 in sixty days thereafter, and the
balance that is to say the sum OF i've dollars $50, to
be retained by the subscriber. subject to- call upon
fifteen days notice. Should the Board of Directors
not require said balance. the same shall be hQui.
dated by deducting the amount from the dividends
tional shares TO rank equally with the original
shares In all respects.
ARTICLE FIFTH.
Ill the powers of he Company shall be vested in
Board Of directors to consist Of eleven. eacn Of
capital stock in his own name. %he present Board
Of the COMPANY, or sucn Of them as are qualified.
son, n. o. Foiger, Spencer Fled, Charles W. New
ton. Thomas NJ Converse. J, M x: Scott, J. S;
g. II. King shall compose and here by constituted
the first board ct Directors under this charter, who
SHALL at their first meet ng elect of their mum
Der President. and the Board. then constituted,
shall remain in office until the first Monday in No
date. an election for Directors shall be held; the
stockholders to be convened by public notice il two
OF the daily papers OF New Orleans fifteen days be
fore sucn election.
ARTICLE SIXTH,
At all elections of Directors by the stockholders
plurality of all the votes cast shall be required for
election of Director, each share of Capital STOCK
to be entitled to one vote, either by the holder
thereof or by his proxy and if from any cause, the
meeting, such meeting snail be adjourned to day
two weeks subsequent to such date, public notice OF
such adjournment to be given in two Of the ally
MAJ a A. m he tock
holders again fail to elect such Board of Directors
the old Board shall hold over until the next regu
lar biennial election.
ARTICLE SEVENTH.
The Board OF Directors, on the first Monday en-
suing each biennial election STA os convened for
the purpose OF e!ectiDg one OF its own members
Board may at all times appoint all CLERKS and
agents. and may remove the same at pleasure an d
ton. ar the amount of security that shall be re-
CURED from any of said officers and agents. Said
Board may also delegate SUCH powers in the transac
ton OF the ordinary business of the COMPANY to
committees of their own body, or their officers OF
agents, as lhey may deem exped lent, and may also
appoint agents within and without the state, under
such conditions to them shall seem proper; and
they shall have the power TO make bylaws, rules
and regulations. and TO amend and alter the same
whenever the interests Of the Company may require
1t; and shall also have the power to supply any
vacancies that may occur in their Board; such
vacancies may be declared on account Of DEATH re-
sigoation want of the proper number of shares in
sovency. or absence without leave for three sue
ARTICLE EIGHTH
The President shall preside at all meetings of the
Board of Directors and ockholders. and in of
the absence inab iy Of the President 70 preside,
the Board shall appoint President pro tenn A
msIoriIy of the Board of Directors shall be neces-
sary to constitute quorum.
ARTICLE NINTH,
Certificates of stock shall be issued to the stock
holders signed by the secretary snd countersgned
by the President, and every stockholcer, b. the
simple acceptance of his certificate of stock or
shares uDdpr this article. shall be- considered
having approved of this charter, and bonnd by eli
its gu atoms and provisions All transfers
of stock shall be recorded in the stock book of the
Company, snd the trausferee shall, by he mere
ceptance of the transfer on the books aforesaid.
be bound to abide by all the causes of this act and
the by laws rules that now or may hereafter be
adopted BY tais Company
ARTICLE TENTH.
No Stakeholder shall ever be held liable or respon-
beyond the amount of his stock in said Com pany;
nor shall any mere informaity in the oresnlzation
of said Company have the effect of rendering the
present Charter null, or of exposing Stockh older
to any greater liability beyond the amount of his
stock therein.
ARTICLE ELEVENTH.
Said Company shall sue and be sued in its cor
porate name and capacity, and plead and be inn
pleaded accordingly.
ARTICLE TWELFTH
The Board Of Directors may accept prov sionally
by any amendments of the law under which the
same Is framed by the adoption of any act of
United States of America, but the final acceptance
OF any such power or privilege should be deter
mined by a vote OF a majority In amount of the
Stockholders.
ARTICLE THIRTEENTH.
This Charter may be altered or amen ded by a res
oution passed by two. thirds of the Directors and
approved by threefourths of the stock pre- sent.
rep PRESENTED. at meeting called for that purpose
giving fifteen days public notice in two Of the daily
papers OF this city.
ARTICLE FOURTEENTH.
= of 4 b;sC Do
sary its liquidation, three Commissioners shall be
ell. cted by the Stockholders from among its own
members. whose duty it shall be to conduct its
business to nnal Hquldat!on on such terms and IN
such manner as shall be determined by a majority
of stock present or represented.
ARTICLE FIFTEENTH.
The names of the Stockholders and the respective
numb Der of shares held by each, for the prese
declared to be SUCH as are subscribed and attache
to this act and opposite the names Of each, respect
ARTICLE SIXTEENTH
This Company Is the sole owner of the patents
improvements and extensions made and Invented
by the aforesaid 4. w Valley, having acquired the
per contract with said Valley, dated
eleventh December, 1867, and subsequent by an.
other contract, dated eighteenth March 1863, both
deposited in the office OF the undersigned notary on
the date hereof
thus done and passed in my office at the city of
New Orleans, in the presence of Viii lam Il. David
and Jules DeJan, Jr., competent witnesses, who
hersunto sign heir names with the said parties an
me, said notary, Oh the dsy, month and year first
herein written. f. 6. WELLS. Notary Public
tSigned)
i u DEM hsy,1 Jr'; Witnesses. mills ltaw4t
HOTELS AND RESTAURANTS