New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-12
CORPORATIONS.


OVlG1 Vkb a i 1ON -s
l.r STATE OF LOUISIANA,
City of New Orleans. }
Be it known, that this day before nae, Theodore o.
State OF Louisiana. aforesaid, personally came and
appeared the several persons whose names are here
clared that they do hereby form among themselves,
and such others may hereafter become associated
after defined and have. and do hereby agree to the
following stipulations to govern the same to wit:
ARTICLEI.
The name and style of the corporation hereby
formed shall be The Orleans Oil and Manufactur-
ing Company" and its domicil is hereby fixed in
the town Of Agiers parish Of Orleans, State Of Lou
isiana.
The purposes and objects of this corporation are
hereby declared to be as follows, to-wt {: To pur-
chase cotton seed and other oleaginous and tbrous
substances, products OF this or any other coun-
and other articles of commerce for domestic and for
eign markets. and to that end to work and carry on
all necessary machinery and manufactures, And
as Incidental thereto, to acquire and hold such
real or personal estate rights franchises and pryi
leges as will contribute to secure the accomplish
ment OF the objects and purposes OF this corpora
tion and to SELL transfer or pledge the same or any
fN- ~ ARTICLEuL
The said corporation shall have and enjoy all the
powers incident to corporations, and authorized by
law. the term of its duration is hereby fixed at
December last. 1859 Its business shall be managed
and conducted by Board of Directors, composed
his own name and right not less than twenty five
shares of the capital stock OF said corporaton they
shall elect from among their own y number Presi;;
their successors are elected The following named
persons. all stockholders. shall compose and are
hereby constituted the first Board of Directors to
wit Messrs. Jelsom P. Harrison. Robert NJ walms.
ley. Joseph hoy. John Williams, John Chatfe.
Cyrus Bussey and Camille E. Girardey.
ARTICLE Nv.
On the first Monday in November next, 1870, and
annually ther. after the election Of Directors by the
stockholders SD all be held at the office OF the cor
poratisn ten days notice OF Wtlch snail be given
New Orleans Said election shall be by ballot, each
share OF the voting stock shall be entitled to one
holder shall in his own name vote more than one
third Of the entire voting stock of this company in
ttock transferred to him within ninety days pre-
vious to said election. A plurality of votes cast
held under the supervision of three commissioners
previously appointed by the Boari OF Directors
cause to esct Drectors on the day named for that
purpose shall not dissolve this corporation but the
Directors tnen in office shall hold over until another
gwen. as provided for in the case OF the regular
continue until an election be had.
ARTICLE v.
UPON the elecIlOu OF DTocbOfS LIE DOArQ o. III
rectors so elected shall from their umber choose
President and Vice President, appoint all officers.
clerks, employees and agents OF the company. h1
quired from EACH The Vice. President shall e1er:
else all the powers Of the President in the event OF
cause. A msjority of the Board shall form a quo
rum, the decision Of majority Of which shall cons..
make bylaws rules and regulations to- alter, amend
repeal the same whenever they shall deem it IN
use use common seal. with such device and inscrp-
ton as they shall deem proper; shall have power to
Company, except the President Citations to suits
other legal process shall be served upon the Pres
dent, or in his absence the Vice-President-
ARTICLE vi.
Vacancies may occur in the Board Of Directors by
of DEATH resignation. Insolvency, or absence
from the sittiugs for more than ninety days; and
such vacancies filed by the board shall stand until
their successors are duly elected The board may
also appoint temporary substitute for any director
who may. with leave. be absent for any period ez-
ceedipg thirty days.
ARTICLE VII.
The capital stock Of this corporation is hereby
fixed at five hundred thousand dollars. divided into
five thousand shares of one hundred dollars each.
One thousand shares of which shall not be entitled
to vote while held by the patentee OF the patent Tor
me s oI ess1s Grardsv
Co.. the lessees OF the Beileville Iron Works; OF
which shares twelve and half per cent are paid
cash at the time of SD description, and the Daan ce
shall be payable at the time and in the manner
which may be determined by the Board Of Di-
rectors.
These articles of incorporation may be altered or
modified, and the capital stock increased TO any
sum not exceeding one million dollars by the con-
sent of 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
vi hin Which time stockholders shall have the priv.
ieee of increasing their shares prorata to the
o ayrlira Tin pf at
by Board of Directors for the benefit OF this cor
poration, but not at less than par vaiue.
ARTICLE TX.
Should any subscriber neglect or refuse to pay the
subscription for stock required by the Board of
Directors, the said board shall have the right OF
causing such share or shares on which any N ay
be due to be sold at public auction, after ten days
previous notice thereof. by advertisements IN two
journals published in this city.
ARTICLE X.
Upon dissolution of this corporation by the exp.
ration of the term of charter OF herwise. its
affairs shall be liouidated By five commissioners. to
be elected By the stockholders, on the day OF the last
election for Directors, and in case OF dissolution
previous thereto. then, at general meeting to be
specially convened, afterlthirty days notice. as re-
Quired for regular elections Said c3mmissi oners
snail have the same qualifications required for
Directors; their salary and term OF office shall be
of the stockholders; said commissioners shall i'm
medately proceed to settle and wind up the bust
debts ard settlement Of its iiabities to distribute
the excess pro rata among the stockholders.
ARTICLE XII.
This corporation is formed under an act of the
Legislature of this State entitled IAN act for the
organization of corporations for works OF public
improvements and utility approved Maren ",
1882 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 stockholder shall ever be liable
contracts faults in further sum than the I'M
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 soon as
one thousand shares of its capital stock snail nave
in the office of the Recorder of Mortgages for the
parish of Orleans, as required by law.
Thus done and passed in my ONCE at New Or-
cans, on this sixteenth day of February. A. D:
Charles G. Andry and Edgar Grims, both of this
city, competent witnesses, who have signed these
presents with the said corporators, and me, notary
CHARLES G. ANDRY.
EDGAR GRIMA.
r. o. STARK, Notary Public
l. 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.
IL. 81 r.,r
New Orleans, February 10, 1870.
true copy of the original act. and certif'
o"'' u TO. STARK, Notary Public.
New Orleans, February l9, 1870. fe2S mh5 Il 10 &c
a. Kochereau and Co. vs.. Newiand
Holmes.
CIXTH DISTRICT COURT FGE THE PARISH
- of Orleans, No. ll7O.-By virtue OF writ OF