New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-06
CORPORATIONS.


CORPORATIONS.
CMARTER. .-....CHARTE1
STATE OF LOUISIANA
City of New Orleans.
Be it known, that this day before me, Theodore U.
Stark notary public in and parish of Orleans,
State of Louisiana. aforesaid personally came ana
matter subscribed as who severaly do
clared that they do hereby form among themselves,
with them, q corporation for the purposes herein
after defined and have. aAd do tersby agree to the
following stipuiations to govern the same to wit:
ARTICLEI.
The name and style Of the corporation hereby
shall Be nd IT, sme H and r
the town Of Agers. parish OF Orleans, State Of Lou
isiana.
The purposes and objects Of this corporation are
hereby declared to be as follows to-wit To pur-
chase cotton seed and other oleaginous and ibrous
sries and to Obtain 6srsfrom oil oil cake fertilizers
and other articles Of commerce for domestic and for
all if necessary machinery and manufactures, And
as incidental thereto, to acquire and hold such
leges as will contribute to secure the accomplish
ment Of the objects and purposes of this corpora
ton and to SELL transfer or pledge toe same OF any
ARTICLEu I'LL
The said CORPORATION shall have and enjoy all the
powers incident to corporations and authorized oy
twenty five years. commencing on the thirtieth OF
Is IN shs be
of seven stockholders, each of whom shall hold in
Of O s.
shall elect from among their own number presl;
their successors are sleoied he following named
persons. all Stockholders. shall compose and are
'ee n to
ley. Joseph Hoy, John Williams, John Ohaffe.
Cyrus Bussey and Camille E. Girardey
ARTICLE ".
On the first Monday in November next. 1870. and
annually after, the election of Directors by the
stock holders sh all be held at the Office OF the
poratisn. ten days notice Of weich shall be given
New Orleans. Said election shall be by ballot each
share OF the voting stock shall be entitled to one
vote, person or by proxy provided no STOCK
holder shall in his own n>me vose more than ONE
third Of the entire voting stock Of this COMPANY in
stock transferred to him within ninety days pre-
vious to said election. A plurality Of votes cast
held under the supervision of three co commissioners
previously appointed by the Boari OF Directors
cause elect Directors on the day named for that
purpose shall not dissolve this corporation. but the
election is held: Of which Aoti snail forthwith be
as pGvdsd h0d in the Of the ,ssHrf
continue until an election be had.
ARTICLEv.
Upon the election of Directors the Board OF Di-
rectors elected. shall from their number, choose
eeks anS snd sssnss Of ts M
their salaries and the amount OF security 10 be e.
ese al tho Ss of the President in the Of
the latter's absence OF inability to act from any
rum, the decision Of majority Of which shall consti
tute valid corporate act They shall have power to
or repeal the same whenever they shall deem it in
the interest OF the company: They may ~ pave ana
ton as they shall deem proper; shall have power to
remove at pleasure all officers and employees OF the
or other legal process sh all be served upon the Presi
dent, or in his absence the Vice-President.
ARTICLE vi.
Vacancies may occur in the Board of Directors by
from the W sittogs for more than ninety days; and
such vacancies filled by he board shall stand until
also appoint temporary ubstitute for any director
who may with leave. be absent for any period ex'
ceeding thirty days.
The capital stock of this corporation is hereby
fixed at 1--WE hundred thousand dollars divided into
five Of hundred u dollars n, stS
to vote while held by the s ct the Ter
his 81
Co., the lessees OF the Beiievlle Iron Works; OF
eaS at Of the
which may be determined by the Board of d.
rectors.
These articles of incorporation may be altered or
sum not exceeding one million dollars by the con-
sent of two-thirds in amount and number of all the
stockholders. to be obtained in general meeting
increase of capital shall be duly authorized. thirty
days notice of the same shall be given in two daily
| Journals, published in the city Of Nav Orleans.
lege of increasing their shares prorata to the
amount of their stock and any shares not so taken
the soa9d Of Ul this
| poration, but not at less than par value.
ARTICLE TX.
Should any subscriber neglect refuse to pay the
Directors, the said board shall have the right of
causing such share shares on which any sum may
previous notice thereof. by advertisements in two
journals published in this city.
ARTICLE X.
Upon dissolution of this corporation by the exip-
affairs shall be liauidated BY five comn,issoners to
be elected by the stookholders on tho day Of the last
Specially Convened. afterthiffy days notice. =
snail have the same qualitications required for
Directors; their salary and term OF Office shall be
of the stockholders; said commissioners shall i'm
mediately proceed to settle and wind up the bust
debts and settlement Of its liabties to distribute
| the excess pro rata among the stockholders.
ARTICLE XII.
ts Is an act OF the
organization of corporations for works OF public
| improvements and utility" approved March II,
1852 and reenacted March IA, 1855. 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
responsible to or through said corporation Tor its
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 Kill
This corporation shall go into operation as
thousand shares of It's capital stock snail have
been subscribed for and these articles recorded
in the office of the Recorder of Mortgages for the
parish of Orleans, as required by law.
Thus done and passed in my office, at New DR.
cans this sixteenth day of February, A. d.
eighteen hundred and seventy, in the presence of
| Charles G. Andry and Edgar Grima, both of this
city. competent witnesses, VIII, have signed these
presents with the said corporators, and me- notary
| CHARLES G. ANDRY.
| EDGAR GRIMA.
r. O. STARK, Notary Public.
| !. the undersigned, Deputy Recorder OF Mort
cages for this city, and parish of Orleans State OF
louisiana do hereby certify that the within act of
incorporation has been this day duly recorded in
book eight, folio thirty. OF this office. as required
| by law.
| (signed c. DARCANTEL, Deputy.
New Orleans, February 10. 1870.
| true copy of the original act. and certii-
| cate of record.
New Orleans. February Is. 1870. fe23 mh5 IL 70 Is
| X. Woodbridge Jeremiah Wilson
CEVENTH DISTRICT COURT FOR THE PAR