New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-29
CORPORATIONS.
STATE OF LOUISIANA.

Before me. Joseph Cuvillier. . notary public for
andre Pep,n. Jssp Bsptisis Ssmors Joseph Tal-
Guiilaume Bsrriere. Emile Victor Au dibert. and
others. who declared that. avaiing them selves OF
tenth Of March. 1855 entitled IAN act for the or.
ganzstion of corporations for works OF public i'm
a useful invention, promotive to hea tn and COM
fort, and to conduct the bust ness Herewith con-
neeted. as hereinafter set forth. the said Corpora
have accordingly established the following charter
ARTICLE
The of said corporation sh all be The Egg pit.
ian aterproof coating Company of New Orleans
Its domicil is established in the city of New Or
leans and the title shall be engraved in full around
It's SEAL IN the centre of which shall be a sphinx.
This corporation shall exist for twenty-five years,
unless sooner lawfully dissolved
ARTICLE H.
The object Of this corporation shall be the manu-:
facture and the sale Of the Egyptian Waterproof
Coating. and the application of said Waterproof
number eighty. nine thousand seven hundred ana
United States on 11 toe fourth Of May 1855 to Emile
Victor Audibert of New Orleans who hereby trans
rights hereunder which rights the said corpor
in turn may also sell transfer in part for special
purposes of utility 70 other corporations therein.
ARTICLE Ill.
The capital OF said Com pany is fixed at the sum
shares of one thousand dollars each. all of which
have been paid in cash; and for the transfer OF his
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
porsfion snail commence its business from the date
Of these presents tvery transfer of STOCK shall be
made the books of this CORPORATION and be signed
by the transferer or his duly appointed agent.
ARTICLE ".
The busine of this corporation shall be conduct
ed oy all the stocs holders who shall meet for hat
purpose the fr,t Monday Of each month. A
transaction Of business At their first mont meet
ing they shall appoint of their number President,
VINO may be also the Superintendent OF the corpora
ton and one Secretary. who may be also the Trea-
surer thereof The last day of April of every year
be struck. and the profits of said business may
then be divided, if it be deemed proper to do SO.
lease, borrow money. and make ali compromises
necessary to carry on the principal thereof
and TO invest IN age security and real estate
in It's corporate capacity and pead and be pleaded
accordingly. A majority OF the stockholders shall
may arise at any meeting, provided always that
holder of one share of stock shall be entitled to
votes the holder of five .hsres three votes. and the
holder of ten or more four votes.
ARTICLE V.
The President is the legal representative of the
corporaton all citations and other legal notices
hun; his term Of office shall be one year from the
date of his election but at the end of said term he
general supervision the affairs of the corpo.
ration, and to promote its welfare In case OF the
the stockholders snail proceed to the election Of
ther for the remainder of the unexpired
term In case OF temporary dissoility resident
President shall never act as Secretary audit shall
not be competent for the Secretary az any time to
discharge the functions of the President
ARTICLE VI.
1t shall be the duty of the Secretary 70 keep
also a set of commercial books. He shall! furnish
the stockholders balance sheet at the end OF each
of the corporation. He shall be the sole custodian
of the seal of the corporation. and. together with
the % M Of s na s 20 ths
latter, when lawfully issued. the seaH of the corpora
ton. His term of Office shall be one year from the
date of his election but at the end of said term he
shall be rs-eiigibe.
ARTICLE VII.
for losses or da images which may % sustained by
this corporation beyond the amount OF the shares
by them respectively owned, and all new stockhoid
ers sh bind themselves to comply with the regula
lions hereinatove toned, Or those that may be
ebarte W shall not be sltersd or amended except by
a vote of three-fourths of the Stockholders, to be
counted in the manner herelnbefore set forth; ana
no amendment shall be finally acted upon unless
the sane has been presented and read two conse
cutive meetings. Any stockholders, by lawful man
date or power of attorney, may authorize an alter
ney in fact to vote for him and IN bis name place
and stead.
ARTICLE VIII.
Upon the expiration of the term Of the existence
OF the corporation herein fixed the liquidation and
settlement thereof shall be effected by three of the
stock holders residing in New Orleans, to he chosen
by an election held for this; pnrpose. They shall
have power to settle and wind up the business of
this corporation by public or private sale OF Its
properly and the division of the profits thereof, to-
gether with the division of all of its other assests
pro rata among khe stockholders. after the settle
ment by payment, compromise. transfer or other.
wise OF all its liabilities The said iqudators shall
have year from the date of their appointment
to resume that liquidation.
Thus done and passed in my off Sc on this thir
tieth day of Arri 1870 in the presence of Theodule
Buisson and George Suinault, competent witnesses
residing in this city who have signed these presents
together with the appearcrs, and me- otary, after
q due reading OF the whole.
Signed:
A. Pepin. j. =. Csmors,
J. rurcctte II. Lahasse,
Joseph Bayie. +. q. Barrlere,
j.. Y. Audibert.