New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-03
ARTICLE /.

Ah4lCLk i.
The name, style and title of said corporation
shall be the "Bienviile Oil Works Company and
the aomcil of said corporation is hereby estab-
lished and fixed in the city Of New Orleans H
shall commence business on or about the first
day of September 1871, and shall exist for twenty
five years rrom the date of this charter unless it
should be sooner dissolved by Order Of the three;
have seal and device, upon the same shall be
such as the Board OF Directors may hereafterdes-
ignate The president or IN his absence, the secre-
tary of the company, Is hereby designated as the
proper officer on whom citations and al other legal
process may be served.
ARTICLE Il
The obiects and purposes of The con pany are
declared to be the following, to wit: To purchase
cotton and other oleegenous seeds or products OF
this or any other country, and to manufacture
therefrom oil, oil cakes, soap fertilizer and Other
articles of commerce for domestic and foreign
kets, and to that end to buy from the proprietOrs
and owners thereof the premises known as the
"Bienvine Oil Works" in this city.
ARTICLE H.
The capital stock Of this company Is hereby fixed
at two hundred and nfty thousand dollars. divided
into twenty-five hundred shsxes of one hundred
dollars each, with privilege of Increasing said
capital stock to five hundred thousand dollars, to
be paid for at the time and in the manner provided
for in article Nv of this charter.
The company may Commence business as soon as
two hundred thousand dollars shall have been
subscr' bed, but each fiscal year shall end on the
thirtieth of September
Transfers of stocks shall be made on the books
of the company at it's Office in this city onls but
not while aqy Indebtedness to tie company exists
the part of the holder, aud no certificate Of
stock shall be issued until the same is paid IN fu.
ARTICLE ".
All persons who have subscribed or may here
after subscribe to the capital stock Of this COM
pany shall pay cash before the first bus mess
day of the company, twent y-fye per cent, or
twenty five dollars on each share, and for the re-
manning seventy-hve per cent or seyenty-fve
dollars En- CHI share which shsll be divided into
three installments OF twenty five per cent each,
4IaUxa hall rauGa fhair hA nraa INV
able, respectively, two, three and four months
after the first bushes, day OF the company.
vided for, shan forfeit the entire stock to the
company, together with all the benefits thereuntO
Say extend sad for p sneS time they
may deem proper: Until the whole capital stock
is taken up books q subscription shah be kept
No stakeholder shall, in any event, be made
liable for the losses of the company IN any larger
sums than the amount OF his her or their su0serp-
ton to the capital stock, and his her their in
debtedness to the company.
ARTICLE Y.
On the thirtieth day of September of the year
eighteen hundred and seventy-two, and of each
cause to be made statement of the affairs of the
company, showing the receipts and disbursements
made and the true situation OF the company and
newspapers of this city for one month; and on the
day above fixed the Board of Directors shall de-
clare such dividend as may accrue OF the net pro-
fits of the company, and fix and determine the
time and the manner in which said dividend shall
be paid to the stockholders.
ARTICLE vi
All the powers of the company shall be exercised
by Board of Directors, to consist of five persons,
three Of whom shall form quorum for the trans
ton of business
shall be held the second Monday of October,
1872 and thereafter the said day in each and
every year, at such place in the city of New Or
leans as the Board Of Directors shall designate Of
which the president shall cause at least fifteen
days o fS; be TG Of the sSS
appoint three of the stockholders inspectors to
preside at such elections and If the said inspectors
decline or fail TO attend, the president may aP.
point others to fill such vacancies. The Board of
Directors thus elected TO take their seats on
the first Monday in November after the election,
and to hold the same one year therefrom, until
their SUCCESSORS are elected and have qualified:
Those persons Receiving s plurality Of votes sha
election taking place the day aforesaid, the
president shall cause another election to take place
same by advertisement in one or more of the news
papers of this city No person shall be a director
of this company who does not. at the time of his
election and during his continuance in office, hold.
in his own name or In the name OF the commercial
firm of which he may be member, at least ten
shares of the capital stock thereof
The Board of Directors shall annually, at their
| first meeting, elect from their OWL members
president, who shall hold his office until his success
scr is elected and has qualified. The president shall
preside at all meetings of the Board of Directors
and at the meetings OF the stockholders, and shall
| conduct the business of the company generally,
| under the supervision of the Board of Directors.
In the absence of the president the Board Of Diree
tors shall appoint one of their members to act in
his place; they shall also appoint all the other OIL
GERS and clerks Of the company; they shall fix the
COMPENSATION of the president and Of all officers
| and clerks employed by said company; they shall
have power to adopt such bylaws as they may
| deem necessary and convenient for the govern
| ment and regulation of the company. Bach aud
every stakeholder shall be entitled at elections,
en- share Of Sp which he She
| or they may respectively hold; but not to vote on
| any stock TO him, her or them transferred within
three months prior to said election
ARTICLE VII.
The following named persons shall constitute the
first Board of Directors of this company and shall
hold their Office until their shall be duly
Cavaroe Paul Aldiae, P. s. Wilt, s. Cambon
They are hereby invested with all the. rights
| and powers thereunto belonging, with power to
| make and sign all acts or acts of purchase CT the
| said Bienville on Works. to make and sign all
building contracts and all conducts for repairs and
also to fill any vacancies which may in their
| number, and generally to do and perform all acts
aeeessary to carry into @ eject the Object and
| purposes of this corporation.
ARTICLE VIII
Atthe expiration of this charter or sooner, in
case this company should be dissolved at any gem
eral meeting of the stockholders thereof to DO
convened for that purpose after twenty days no.
ee IA two of the city papers, on the vote OF three
shall be 1quidated its debts paid, and the balance
divided among the stockholders pro rata on the
amount of stock held by each, under the charge
| and superintendent of three commissioners APP
| pointed by the Board of Directors.
ARTICLE X.
This act of incorporation can be altered an
| amended by a vote of three-fourths Of the capita
stock represented at any general meeting of the
stockholders called for that purpose.
Done and passed at New Orleans, IN my othhv
the day month and year first above written, in the
| presence OF Messrs. Edgar Montegut and AMBROSE
| G. LaPice, competent witnesses who have signed
with the said subscribers, and me, notary.
Original signed:
p Martin 500 S5006l
q S;avaroc son.,.,.,,..... 400 46 O0G
| p Aidige ..,.,,.,,... 500 5000
J. ge-,,,...........,...4 400 4OO0C
Naxu Or1asns Insurauce Aasocia-