New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-18
.CHAKTEK
TNAK TER.
STATE OF LOUISIANA.

| STATE OF LOUISIANA.
| Before me- Joseph Cuvillier, notary public TO
therein residing, personally appeared Messrs Alex
| snd-e PepIn, Jean Baptiste Camors Joseph Iur
menqIs ms oor ag
| others. who declared that awaiting them selves
the rights afforded By an act approved on the four
| ganization of corporations for works OF public I'M
Urovenent and utility" they have agreed to asso
cats themselves together and TO form Corporation
for tbs purpose Of manufacturing, within this sta,
THE EGYPTIAN WATEkPKUOF COATING
| fort, and to conduct the business herewith con
nscted. as hereinafter set forth the said Corpora
ton to be located in the city OF New U leans. thus
have accordingly established the following charter
ARTICLE Il.
The name of said corporation shall be "rhe Egypt
ian " waterproof eating Company OF New Orleans
Its domic is established in the city Of New Or
leans, and the title shall be engraved in full around
Its seal, In the centre of which shall be sphinx
This corporation shall exist for.twenty i've years
unless sooner lawfully dissolved.
ARTICLE II.
The objec. Of this corporation shal be the manu-
Coating. and the application of said Waterproof
Coating for all useful purposes according to patent
number Gig 1ty- nine thousand seven hundred and
United States on the fourth of May. 1862 to Emile
fers unto the said corporation all and singular his
rights thereunder which rights the said corporation
purposes of utility to other corporations therein.
ARTICLE I'LL
The capita of said Company is fixed at the sum
of twenty thousand dollars represented by twenty
shares Of one thousand dollars each, all of which
patent rights as aforesaid. E. " Audibert is recog
nizsd as the holder of ten such shares, which are
deemed paid up at this time to the extent of one
thousand dollars per share, and not Liable to any
contributions or assessments whatever. This cor
poration shall commence its business from the date
Of these presents. Every transfer of STOCK shall be
made on the books of the corporation. and be signed
by the transterer or his duly appointed agent
ARTICLE ".
The business of this corporation shall be conduct
purpose the first Monday of each month. a
quorum of five shall at all times be sufficient for the
ing the shall appoint of their number President
who may be also the Superintendent OF the corpora
surer thereof The last dsy OF April of every year
an amount showing the balance of the business shall
6s be- and # i bs f saa to DO
The corporation shall have the right to CO ntract,
lease. borrow money. and make all compromises
necessary to carry on the principal thereof
and to invest IN mortgage security and real estate
its profits. The corporation shall sue and be sued
in its porae capacity and plea aud be i'm pleaded
accordingly. A majority of toe stockholders shall
be required for the determination OF such questions
the holder of share of stock shall be entitled to
one vote, the holder of two shares of stock to two
votes the holder of five shares 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 lega! notices
concerning the CORPORATION shall be served upon
HIM: his term OF office shall be on year from the
date of election but at the end of said ter no
sh all be eligible. 1t shall be his duty exercise
ration and to promee its welfare. In case of the
death resignat of the President Secretary,
the stockholders shall proceed to tha election OF
their successors for the remainder OF the unexpred
term. In case of temporary disability President
or Secretary pro tempore shall be elected; but the
Pre-. ident shall never act as Secretary, audit shall
not be competent for the Secretary at any time to
discharge the functions of the President
ARTICLE VI
1t shGIl be the duty of the Secretary to keep
record of the proceedings OF the STOCKHOLDERS and
the stock holders balance sheet at the end of each
month. showing the true conSition of the accounts
of the corporation. He shall be the sole custod
of the seal OF the corporation, and, together with
the President, shall sign ali checks legally drawn,
latter, when lawful issued the seal OF the corpors
ton. Iii. term of Office shall De year from the
date OF his election, but at the end OF said
shall be reeiiglble-
ARTICLE VII
In event shall the stockholders be responsible
for losses da IMAGES which may be sustained by
this corporation beyond the amount OF the shares
ers 2hall bind themselves to comply with the regua-
tIops hereinabove mentioned, or those that may be
made b. way OF amendment hereafter. The present
charter shall not be altered or amended, except b.
a vote of three-fourhs of the stockholders, to be
counted in the manner hereinbefore set forth; and
no amen ment shall be finally acted upon unless
the same has baen presented ana read two conse
cutive meetings Any stockholders, by lawful man.
date or power of attorney. may authorize attor-
ney in fact to vote for him and in his name, place
and stead.
ARTICLE VIII.
Upon the expiration of the term Of the existence
OF the corporation herein fixed the liquidation and
thereof shall be effected by three of the
stockholders residing in New Orleans, to he chosen
by an election held for that purpose. They SD all
have power to settle and wind up the business of
this corporation by public or private sale of its
property and the division of the profits thereof to-
gether with the division of all of It's other assests
pro rata amorg the stockholders after the settle
ment by payment compromise, transfer other
wise OF a Its liabilities The said liquidators shall
have one year from the date of their appointment
to resume that liquidation
Thus done and passed in my Office on this thir
ieth day of huril 1870 in the presence of Theodule
Buisson aud George Huinault, competent witnesses
residing this city, who have ed these presents
together with the apDearcrs, and me, tary, after
! due reading of the whole
Signed:
A. Pepin, J. E. Camors,
j. Turcotte, H Labasse.
Joseph Bsyle. +. g. Barriers,
h. " Audbert.
Signed:
GEORGE GuISAUIT. Witnesses.
j. UEVlLLIER. Notary Public.
|, the undersigned, Recorder of Mortgages in and
or this City and parish of Orleans and State of
do hereby certify that the within Charter
lss been recorded in Office. in Book Society num-
ger eight toio ninety nine as required by law, on
Signed, q. DARCANTEL, Deputy.