New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-12
CORPORATIONS.
STATE OF LOUISIANA, PARISH AND CITY OF
NEW ORLEANS

Be it known that on this sixth day of July, in
the year of our Lord one thousand eight hundred
and seventy-one, and of the independence OF the
United States of America the ninetysixth, before
me, William Nee. JONES' notary public, III and ior
the parish and city of New Orleans State of Louis
lana, duly commissioned and qualified, and IN the
presence of the witnesses hereinafter named and
undersigned, personally came and appeared the
parties whose names are hereunto subscribed who
severally and Jointly declared that, availing them
selves Of the provisions of the law of the state of
Louisiana relative to the organization of corpora
tions for works of public improvement, and for
other purposes they had contracted and agreed,
Themselves, and those who may hereafter become
associated with them to form themselves into, and
constitute corporation and body polite in law
lations, regulations and articles following, to wit
ARTICLE L
The lame and title of this corporation shall be
THE LOUISIANA PAPER MANUFACTURING COM
PANY. Its domicile shall be the. city of New Or.
leans and it shall continue and exist for period of
twenty-five years from the date of this act.
ARTICLE II.
The object and purpose of this corporation is the
manufacture of paper and paper material, and the
purchase and sale of paper and paper material and
all things properly appertaining thereto
ARTICLE III.
The capital stock of this corporation is hereby
fixed at the sum of sixty thousand dollars, divided
into six hundred shares of one hundred dollars
each twenty-five dollars on each share to be paid
at the Tune OF the organization OF TINS corporation,
and five dollars on each share in thirty days, five
dollars in sixty days and five dollars in ninety days
after said organization.
The balance on each share, Or any portion of such
balance shall not be called for unless with the as
sent of threefOurths of the stockholders and then
only to increase the business of the corporation.
If any person shall fail TO pay his assessment on
stock subscribed for thirty days after the is
due, the Board of Directors shall not declare the
such shareholder shall be entitled to its share Of
the profits made in proportion. Any person pur-
chasing such unpaid stock shall be required to
make the payments as they become due.
ARTICLE ".
Ali the corporate powers of this association shall
be vested IN the board of seven directors elected
by the stockholders, voting by ballot, and by
shares-each share being entitled to one vote, and
majority of votes cast shall be necessary to elect
of which election the Board of Directors snail give
at Least ten days notice in one of the newspapers
published in the city of New Orleans. The Board
of Directors shall appoint three stockholders act
commissioners of election, and should any of
the commissioners decline to fail to at
tend the President shall appoint other persons to
fill the vacancy. A failure from any cause TO elect
directors on the day named for that purpose, shall
not dissolve this corporation, but the directors
then in office, as well as the President and secre
tary shall hold over until their successors are
elected and qualified.
Four directors shall constitute quorum for the
transaction of business.
ARTICLE v.
The Board of Directors Immediately after their
election shall choose from their number pFesi.
dent, a vice president, and treasurer. and shall
choose from the stockholders general manager
and a secretary who shall serve one wear from
their election unless removed by the directors.
The Board of Dire ctOrs shall have full authority
to nil all vacancies in their number from among the
stockholders of the company. ..- r-r .r
The said board is further invested with full
power to frame and adopt such bylaws, rules aud
regulations as they may deem requisite and neces
sary for the company and the transaction of its |
business, provided the same do not conflict with |
State.
The said board shall have power. and they are
hereby authorized to buy real estate for the uses
and purposes OF the company to sell the same, to |
make contracts, leases, mortgages and compro- |
misses and to do all and singular such acts as may
be necessary to carry on the business and further
the objects of this company.
No person shall be director unless at the time |
OF his election and during his continuance in office
he shall own at least ten shares of the capital stock
OF this corporation.
The following named persons shall be and they |
are hereby constituted the first Board of Direct. |
ors: who shall hold office until the first election
under this charter. or until their successors are
duly elected and qualified, viz William H. Pember-
ton, Pierre G. Dupln, Charles S. Sauvinet Clement |
Camp, James Todd, DR.. James Wenz William Mini. |
ford with William H. PeInberton as President
thereof.
The first election of directors Hnder this charter
shall be held on the first Monday in May in the
md every year thereafter.
The present board shall assume control immedi
'teIy upon the adoption OF this charter
ARTICLE VII.
The President of this association is hereby desip
lated as the ettcer upon whom all legal processes
hall be served.
ARTICLE VIII
This charter may be altered or amended and the
apital stock may be increased 10 a sum not ex-
eeulng Two hundred thousand dollars, by and |
With tho consent of three-fourths of the stock
represented at a general meeting of the stock
loiuers, convened for that purpose, after thirty
lays notice in two daily newspapers published In
he city OF New Orleans. Should an increase of the
took be authorized provided for above notice
herei snail be given, during thirty days. by pub
lcaton in two daily newspapers OF this city
luring said time all the stockholders shall have
he privilege of subscribing for additional shares
n proportion to the amount of their stock: any
hares not taken at the expiration of that time
nav be disposed of by the Board of Directors for
he benefit of the corporation.
ARTICLE TX.
When certificates of stock are issued to stock.
olders, they shall be signed by the president and
he secretary. All notes drafts check contracts and
ii evidences of debt shall also be signed bv the
resident and secretary. Books shall be kent omen |
or the registry and transfer of shares of the can't
a. STOCK subject to the regulations established BY
ne BOARD. transfers shall be made on said books
no signed by the shareholder or his attorney in |
act, which books may be closed only as con-
eMence may require. No transfer Of shares not
~ ~ pau snal De recognized unless accepted by
All transfers of full paid stock shall be valid.
no recognized by the corporation, if signed on
he back of the certificate by the Shareholders
nd two witnesses and recorded in tile book of
he company designated for that purpose; and no |
erson shall be allowed to vote on transferred |
tock unless the same shall have been recorded |
hrty days previous to an election.
ARTICLE X
The liquidation of the affairs of this corporation
nail De made by three commissioners appointed |
the stockholders from among their own mem
ers, at meeting convened for that purpose |
tier thirty days previous notice in the news. ,
spers punished i'll New Orleans. The dufv of |
ald commissioners shall be to lanidate finally
II the business of this corporation on sucb |
rms and in such manner shall be determned
. meeting held by majority of the stock.
olders, present or represented; and if at any
me, prior to the termination of this charter
lree-fourths of all the stockholders in humber
presenting threefourths of the stock in amount
lall vote at any meeting of the stockholders ,
iIea Ior mat purpose, after thirty days previous
loic notlce. for the liquidation of the affairs OF
us corporation, and elect commissioners and de- =
rmlne the mode and manner i'll which such
lnidatlon shall be made, then the liquidation
laIl De made Immediately. The compensation of
~ commissioners shall be fixed by the Board of |
rectors. ~ N "a
Ihus done and passed in my Office, at New Or.
ans aforesaid in the presence of Arrnstead A. |
mes and Richard H. A. Moonay, witnesses both {
TINS city, who have signed their names hereto \
lth the parties and me, the said notary, on the
W and date aforesaid.
Original signed