New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-17
CORPORATIONS.
NEW ORLEANS SUGAR SHED
COMPANY.

COMPANY.
UNITED STATES OF AMERICA,
State of Louisiana, ciy OF New orleans }
Rs il known That on this twenty eighth day OF
January IN the year of iord one Thousand eigne
hun red and seventy, and OF th9 independence OF
Before me CHARLES oTRINGER, a notary
public in and for the city or rev OiieaEs, So,te
aforesaid, duly comnissio ana sWorn pe!s
came aud appeared the persons hereinafter nameu
and undersigned, who ssvsraiy declared shat aysl
ing Themselves of Abe provisions of the statutes OF
the State OF Louisiana relative 20 the organization
of corpora tons this State, they have akreed ana
bind themselves and those whom they represent, to
form themselves into corporation for the ooects
and under the stpulations, regula tionS and obi8a
tons following, TO wit
ARTICLE FIRST
The corporate name OF this association shail be
the NEW ORLEANS SUGAR SHED CUMPANE
ARTICLEsSECOND.
The place of business and legal domicl Of this
corporation shall be- located IN the city OF New Or
leans -. -
The object of this association is to construct and
malut ain sugar sheds in the city of ey Orleans,
for he pr lection and shelter OF sugar and oasses.
and for exercising such other powers and priv eyes
a. NAV be necessary for the business appertaIning
thereto, or which are or may be conferred on It.
ARTICLE FOURTH.
The capital stock OF this association IS hereby
fixed ST one million two hundred JnUuSanG collars,
reprssen ed by tweivs thousand snares 81 ore nun
dreo dollars each six thousand shares OF SAID STOCK
&c no Is.
ciates AND shall be- oeeued rs paid to the extent
of twenty dollars per share at TINS trls ah stat Ee
exep from all calls until the otter STOCK i@ nav
bren taken and snail have paid twenty 'iia's per
share. Rive per cent OF each 'u0scnptloh 20 we
other stock shah bs payable at the tne or spo cru
ton. and the remainder snhil DC paid e. .ue ZINC
and in the directed By the Board CT DIRECTORS
provided that than ten dollars per ant rs Oh
said subscription snail be ca led Tor al any one I'm
and NOT ota ner an vi hn any thlrty days aho
prsyideh further that no subscriber or stoc Enou
Shall ever be called for more titan forty doliaf,
ner share and his stock then be considered as 1oiS
| paid ,,, 1900 ~
| nsolact 10 pay punctually any insiatlmeot or IN
staulents the mature ana isii que ntsfes'
| thereon at the rate OF eight per cant per anuuIr
shei, he added thereto from maturity I'LL payment
and IL any subscriber -tockhold2r Eeg'ects OF re
80 70 NV hi, insfallent or insr ailments within
thrtv DAYS after the specified time of payment, tn,
| Board OF Dreetots shalt have the right OF oausioi
any share or shares on wnch any instaneas or II,
or otherwise. after ten days previous notice heIeol
| by advertisement in any newspaper pupnsnsi u y
the city of New Orleans, or OF recovering os '1ie
| law the amount due.
ARTICLE FIFTH.
| That the said corporation hereby assumes all thy
obligatio, OF Francis b eitas AS principal, 1ohr
| j. Warren, Samuel Jamison, Francis Il Halcn ant
| Samuel l.. nj oors securities under the p1oVl.ion
| and terms of an ordinance or the Common Coun
Gil of the city of New Orleans. approved Augus
| his Representatives, successors or assigns, th'
right TO nave and enjoy, for the period Q
twenty-five years, the exclusive right and priv
iege OF using The public spaces on the levee in TIT
Second District of the ssid city. between custom
house and 81. Louis streets, commonly known as tn
Sugar Landing, for the purpose of construc' I'M
| thereon the ireDroof sheds for the reception 0
| sugar and uloasses within tie time and according
10 the plans and specific atoms of the City Surveyor
which ordinance is hereby referred to- and cop
made part hereof.
Ard this corporation hereby assumes all the obi
CATIONS Of the contract contained IN the act psss
| day Of August 1883 in compliance with the terms
| provisions and requirements OF said ordinance ne
tween said Frsncis b. Fleiras princips, and tn
said }. j. Warren samuel Jamison. Francis h
| Hatch and Samuel r. NCore as securities, ara IN
which is hsrein referred to, and made part heseoi
and this corporation also assumes ana sna Tel IN
and pay to said tleitas his expenditures Tor pans
surveys and other outldys 10 the sum OF seven tnor
and this corporation hereby obhgates itself II
do and perform every obiRation. thing ana require
| mont in said oruirance and act OF agreement con
| tanned and to hold the said Fieitls Warren. JAM
| son. Hatch and Moore harmless from al hadn't
| arising out Of tbs non performance thereof ,
- batofra and hs-esf. er 70 be sxpresssd am
contained herein. hiss agreed to and does hereo
transfer assign, convey and sbanoon onio ms cor
| porauen, all tie rights and privileges granted
| ordained 10 him by the Aforesaid ordinance OF %
Common Council Of New OrIears No; l5l8 ne,
SERIES approved August a. 1869, and in the contrac
| aforesaid o! eighteenth August. 1oe9. With ali tn
franchises thereunto belonging or appe;taInlng,
entirely as he. the said tleitas, could or might nav
done had he retained the ownership ana contr'
Six thousand shares of the stock of said corpan
shall be the property OF SAID Francis r. theta
= |
Samuel j an-iscn. Hanson Kelly. E. W. Rood an
robsrt Mott, in the following proportions, va
belong TO said Feitas: one tboa and shares 10 tra
els II. Hatch; five hundred shares 70 Thomas
semues, one hundred shares to j. j. Warren; or
hundred shares 10 Samuel Jamison;, one hundre
shares TO +. W Eodd htt5 shares to hans ken
ard I've hundred shares to Robert Elott; WHO
shall be deemed paid APP 10 the amount O. TWEEN
dollars per share, aud on which SAID six th9usa
shares OF stock cal for contrlbutions shaii !
made until the othersix thousand shares shall ha'
been taken and shall have PAID up twenty foi f
per SHARE and thereafter al tins stock herelnbeo'
assigned TO and held aforesaid By the said tle'ta
Hatch. Warren. JamisCn, SerGmes, Kelly, hodC az
ot6sr ak IRq th 5as saT9 sha stand on the
footing, and shall contribute eqaai!y, snare an
SAID Corporation ia conformity to the provisions
, article four u this charter
ARTICLE SIXTH.
{ This association shall go into operation rom az
| after tis date OF this act.
ARTICLE SEVENTH.
| This association shalt have q corporate seal. tt
device OF which shall be q sugar hogshead WI b Il
| name of the corporation engraved around the sam
ARTICLE EIGHTH.
These articles OF association may be INCOME
altered and the capital stock may be Increased
diminished 10 any sum not exceeding Two mi,lf
dollars, nor less than six hundred thousand dollar
in the manner provided By law, with the consent
| three fourths of the stock represented in gener
/ meet,pg CT the stockholders, convened or that pu
pose after thirty days notice by publication IN a.
l. daily newspaper OF the city of New Orleans -
! the capital stock shall, never be diminished beie
:. twelve Thousand shares until the six thousar
. shares of new stock shall have been taken and pa
up twenty dollars per share, except by ths volunta
S consent of each stakeholder =,
Whenever any increase OF capital stock shall
| duly authorized, ninety days notice OF the san
| shall be given in two daily newspapers publisned
| said city within which time stockholders SHAH na
the privilege of taking additional shares II propc
| ton to the amount OF their STOCK, and any shaI
| not ken AZ the expiration OF that time may 6e q
| posed OF by the Directors for the Dere1t OF the
| SoC1atl0D. .-x.
ARTICLE NINTH.
Ali the business of this corporation shall be co
| Quoted and managed by Board CT Directors. CO
| sisipg of seven persons, each OF whom shall holu
his own right fifty shares of tbs capital stock of
=, | said association. But the said Board OF DrectO
may be increased to Twelve when tine other six tho
sand shares shall have been taken.
ARTICLE TENTH.
Ths following named stockholders viz: Franz
- 3. Fei;as. Francis Fl. Hatch, Thomas j. Semmi
Samuel Jauison, John j. " arreD, h. w Rodd o.
y Han,ou Kelly, shall compose and are hsreby CO
stituted the first Board of Directors, who shall.
their first meeting, e5ct one OF their number Pre-
dent and said Board shall serve until suppressed
by their SUCCESSORS who shall be elected provid
in article eleventh.
/. ARTICLE ELEVENTH
On tha third Monday of May, eighteen huudr
and seventy Jwo, arc annually thereafter. an s