New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-04
CORPORATIONS.
NEW ORLEANS SUGAR sHED
COMPANY.

COMPANY.
UNITED STATES OF AMERICA, I
State of Louisiana. city of New Orleans. )
Be it known. That on this twenty eighth day oil
January IN the year OF our Lord enc thonsard elght
ts and seventy and OF the Independence OF
Before me. CHARLES STRIsGER, notary
public Tin and for the city of New Orleans. state
aforesaid. duly commissioned and sworn, personally
came and appeared the persons hereinafter named
and undersigned. who severally declared that. avail.
the State OF louisiana relative to the organization
OF corporations this State they have agreed and
bind themselves and those whom they represent, to
form themselves into a corporation for the objects
ana under the stipulations regula tons and oblga'
tons following, to wit
ARTICLE FIRST
the NEW oRIsASs SUGAR q Ar SHED CoMPANY
ARTICLE SECOND.
The place OF business and legal dcmicil OF this
corporation ehall be located in the city Of New Or
leans.
ARTICLE THIRD.
The object of this association is to construct and
maintain sugar sheds in the city Of New Orleans,
for the protection and shelter of sugar and
and TOR exercising such other powers and priv eges
as may be necessary for the business appertaiLing
thereto, or which are or may be conferred on it.
ARTICLE FOURTH.
The capital stock of this association is hereby
fixed at one million two hundred thousand dollars
represented by twelve thousand shares eff one hun
dred dollars each Six thousand shares of said stock
is the property of Francis b. Fieltas, and
crates, ano shall be deemed paid to the extent
OF twenty collars per share at this time and stall be
exemp from all calls until the other stock shall have
been taken and shall have paId twenty dollars per
other stock shall bs able at the time of sub Grip
ton. and the remainder snail be paid at the time
and IN the directed by the Board of Directors,
provided that not than ten dollars per sh re- OF
said bscrp tion shall be ca led for at any one time
and not oftener than within any thirty days. aud
provided further, that 81 bscrbsr or stocshoider
shall ever be called on for more than forty dollars
per share, and his stock then be considered as fully
paid.
should any subscriber or stakeholder refuse or
neglect to pay punctually any installment or in
staiiments as the mature and fall due interest
thereon st the rate of eight per per annun
shall be added thereto from maturity till payment;
end II any subscrlD sr or atockhoider negects
fuses to pay his instaiment installmepts within
thirty days alter the specified time of payment the
Board Of Dreotots shall have the right of causing
any share or shares which any iustallment or in.
stalments may be due, to be sold at public auction.
otherwise. after ten days previous notice thereof
by advertisement in any newspaper published in
the city Of New Orleans or of recovering by suit at
law, the amount due.
ARTICLE FIFTH
That the said corporation hereby assumes all the
Obligation OF Francis b. tleitas principal, John
J. Warren, Samuel Jamison, Francis IL. Ha Oh and
Samuel f.. Moore securities under the provisions
eli OF the city of New Orleans, approved August
IA, P69, granting to said Francis B. fleitas,
his representatives, successors or assigns, the
twenty -five years. tbs exclusive right and privi-
lege OF using the public spaces the evee in the
Second District of the said city. between Custom
house and st. Louis streets, commonly known as the
Sugar Landing. for the purpose of construct ing
thereon the treproof sheds for thu reception of
sug and moasses within the time and according
TO the plans and speccs tions of the City Surveyor
which ordinance Is hereby referred to, and copy
And this corporation hereby assumes all the obi.
CATIONS of the contract contained in the act passed
before W. j. Caste notary public, on thu eighteenth
day OF August, 1863 in compliance with the .terins
tween FRANCIS b.. ElplrqS ba
SAID ). j. Warren, Samuel Jsmison, Francis II.
said city of New Orleans, duly certifi@d copy Of
which is herein referred to- and made part hereof,
and this corporation also assumes, and shall refund
and pay to said Fletas his expenditures for plans,
surveys and other OUTLAWS, TO the of seven thou
do and perform every obligation. thing and require
melt in said ordinance and act of agreement con-
tanned, ana to hold the said Fletss. Warren. Jami-
SON, Hatch and Moore harmless from ali liability
arising out OF the non. performance thereof.
And the said Francis &. tleitas, for the consider
alton heretofore and hereaf ec be expressed and
contained herein. has agreed TO and does hereby
por2tlen, all the rights and privileges granted
ordained 10 hum by The aforesaid ordinance OF the
series approved August A. 1899, and in the contract
aforesaid OF eighteenth August. 1863 with all the
franchises thereunto be onging or appertainpg, TO
have, hoid and ENJOY the same as S1liy truly and
entirely he, the said Fieitas. could might have
done bad he retained the ownership and control
thereof
Six thousand shsres of the stock of said company
shall be the property Of SAD Francis B. Eiietas,
Samuel Jamison. Hanson Kelly. E. W. Rodd and
robert Mott, in the following proportions. VIZ:
belong to said Fleitas; thoa and shares Fran
els ii. Hatch; five hundred shares to Thomas j.
semmes, one hundred shares to j. j. Warren; one
hundred shares to Samuel Jamison; one hundred
shares to E. W. Rodd; fifty shares to Hans Kelly,
ard five hundred shares to Robert Mott; which
shall be deemed paid up to the amount OF twenty
dollars per share, and on which said six thousand
shares OF stock no call for contributions shall be
10 ha hare rhC1ce hall haze
been taken and shall have paid up twenty dollars
per share and thereafter all the stock herenbfore
Hatch, Warren. Jamison. Semmes, Kelly. Rodd and
Mott, and their assigns and transferees. and the
footing, and shall contribute equally share and
snare alike to the necessities and requirements of
article four of this charter
ARTICLE SIXTH
This association shall go into operation from an
liter the date OF this act.
ARTICLE SEVENTH
This association shall have corporate seal, tn
1svice OF which shall be sugar hogshead, wi tn |
lame Of the corporation engraved around the same |
ARTICLE EIGHTH.
These articles of association may be modified ,
altered and the capital stock may be increased
ieneu 10 any sum not excescing TWO inlilon
ioars. nor less than six hundred thousand dollars
hree-fourths OF the stock represented in genera |
Meeting OF the stockholders, convened Tor that
,ose aIter thirty days notice by publication any
laiy newspaper of the city of New Orleans. B
he capital stock shall never be diminished belo
welve thousand shares until the six thousand |
hares OF new stock shall have been taken ard paid |
p twenty dolar per share, except by the voIuntar
onsent of each stakeholder.
Whenever any increase of capital stock shall b
July authorized, ninety days notice of the
hail be given in two daily newspapers published i
aid City. within which time stockholders shall hav
he privilege of taking additional shares. in proper.
ion to the amount of their stock, and any shaI es
lot taken at the expiration of that time may be di
osed of By the Directors tor the benefit of the
ocation.
ARTICLE NINTH
All the business of this corporation shall be con.
ucted aud managed by Board OF Directors, CO
isiiDg of seven persons, each of whom shall hold
is right fifty shares of the capital stock of tn
aid association. But the said Board of Directors
10y be increased to twelve when the other six thou
and shares shall have been taken.
ARTICLE TENTH.
The following named stockholders, viz: Francis
}. Fiei;as. Francis FL. Hatch, Thomas j. Seinmes |
amuel Jamison, John j. Warren, K. W. Rodd and
iansop Kelly. shall compose and are hereby con- |
tituted the first Board of Directors who shall, at
heir first meeting elect OF their number Presi
ent. and said Board shall serve until superseded |
their successors. who shall be elected as provided
article eleventh.
ARTICLE ELEVENTH.
On the third Monday of May eighteen hundred
nd seventy two, and annually thereafter, an cleo. |
OF of Directors by the stockholders shall be held |
the office of the corporation. for which election |
reyiOu5 notice of at least DAYS he