New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-01


appeared the parties whose names are hereunto
subscribed who severaliy declared that they do by
these presents, form among themselves and such
others as may become associated with them by sub
scription purchase, transfer succession corpo-
ration under the laws of this State providing for
The organization OF corporations for works of pub
lie improvement and for other purposes p and they
do hereby declare the following articles to be ta
constitution aud charter of said corporation:
ARTICLE l.
The name, style and title of said CORPORATION,
shall be the "Bienvle OIL Works Company aud
the domicil OF said corporation is hereby estaE-
hshed and fixed in the city of New Orleans. r.
shall commence business on or about the first
day of September, 1871, and shall exist forstwen+v
five years from the date of this charter .Inless 81
should be sooner dissolved by order of the three
fourths of all the stock Of the company. 1t shall
have seal and device, upon the same shall Be
such as the Board of Directors may hereafter des-
ignate. The president or in his Absence the secre-
tary~of the company, hereby designated as the
proper officer whom citations and al other legal
process may be served. NJ
ARTICLE IL
The objects and purposes of the company are
declared to be the following, to wit: To purchase
cotton and other oleagenous seeds or products of
TINS or any other country, and TO manufacture
therefrom OIL oil cakes, SOAP fertilizer and other
articles OF commerce for domestic and foreign mar
aets ana 70 that end to buy from the propretors
Bienville Oil Works" in this city.
ARTICLE III.
at two hundred and fifty thousand dollars divided
into twenty five hundred shares 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 n article ~ of this charter.
The company may commence business as soon as
two hundred thousand dollars shall have been
subscribed but each iscsl year shall end or the
thirtieth of September.
Transfers of stocks shall be made on the hooks
Of the company at its ONCE in this city only but
not while any Indebtedness to the company exists
on the part of the holder, and no certificate OF
stock shall BE issued until the is paid in null
ARTICLE ".
Al persons who have subscribed or NAV here
after Subscribe to the capital stock of this com
pany SNAIL pay cash, before the first business
Cay of the company, twenty-fiv per cent, on
manning seventy-hve per cent, or seventy-fve
dollars on each share, which shAn be divided into
thgee in n Of twenty FIVE per cent each
abe, respectively two, three and four months
after the first business day of the company.
The nOD-payment of said notes, as above pro.
vided for, shall forfeit the entire stock to the
company, together with al the benefits thereunto
belonging; provided that the Board Of Directors
may extend said payments for such time as they
may deem proper. Until the whole capital stock
is taken up, books Of subscription shan be kept
No stakeholder shall in any event, be made
liable for the losses of the company any larger
ton to the capitol stock ana lis ber, or tta- m
te5tedness to the company.
ARTICLE
On the thirtieth dav of sept nber, 6f the vasr
eighteen hundred end savalsy-, NO, sl1a Of e.
ana every gear thereafter, tne president STA
cause to be made statement OF the AFFAIRS 81 ghe
company showing tho receipts and EisnUFsaneaEa
made ana the true situation Of ht- e6,tsj an
shall cause the same te be published ia tFyo OF ffe
newspapers OF I his city for one ulenth ana or 80
day above fixed the Board 0s Directors shaH ats-
clare such dividend as may accrue OF the net pro
it's OF the company, and fix and determine the
time and the manner y which said dividend shall
be PAID 70 the stockholders.
ARsCLE VI
Al the powers of the company shall be exercised
by Board OF Directors, 10 consist of five persons,
three of whom shall form a quorum for the trans
ton OF business.
The first election of directors of the company
shall be held on 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 previous notice to be given in two of the
papers OF this city. The Board of Directors shall
appoint three of the stockholders inspectors to
preside at such elections, and II the said inspectors
decline or lali to attend, the president may an
point others 10 MI such vacancies. The Board of
Directors thus elected to take their seats on
the first Monday in November after the election,
and 20 hold the same one year therefrom, until
their successors are elected and have qualified
Those persons receiving plurality of votes shah
De considered duly elected In the event of no
election taking place the dav aforesaid, the
president shall another election take place
within ten days thereafter, and give notice OF the
papers of this city No person shall be a. director
OF this company vino does not. at the time of his
election dud during his continuance in Office hold.
u us own ialae o. II ile name OF the commercial
Er1n o which he may be member. at least ten
shares Of tie eapital stock thesof.
The Board OF Directors shar annually at their
first meeting, elect from their own members q
president who shall hold his Office until his success
sGT 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,
fha cinra of fha 40
In the absence of the president the Board of Drec-
5ors shall appoint one of their members to act in
his place; they shall also appoint all the other off,
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. Each and
every st0ckholder shall be entitled at elections,
either in person or by proxy 10 one vote on each
and every share Of the capital stock which he she
CT 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 successors shall he duly
elected and have qualified, TO witt Jules Aldige G.
Cavaroc, Paul Aldige, p S. Witt, 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 of the
said Bienvile Oil Works; to make and sign ali
building contracts and all conducts for repairs and
announcements as NAV be necessary with mower YER
also fill any vacancies which may occur in their
number, and generally to do and perform all acts
and things not herein provided for, which NAV be
necessary to carry into full effect the object and
purposes of this corporation.
ARTICLE VIII
At the expiration of this charter or sooner. in
case this company should be dissolved at any gen
eral meeting of the stockholders thereof to be
convened for that purpose after twenty days mo-
tee IL two of the city papers, the vote of three
Iourths of all the took of said company its affairs
shall be liquidate its debts paid, and the balance
divided among the stockholders pro rata on the
amount OF stock held by each, under the charge
pointed by the Board of Directors.
ARTICLE X.
This act of incorporation can be altered an
amended by vote of thTee-fourths of the capita
stock represented at aily general meeting of the
stockholders, called for that purpose.
Done and passed at New Orleans in my ofie., =
the day, month and year first above written in the
presence OF Messrs Edgar Montegut and Ambrose
g. LaP1ee, competent witnesses, who have signed
W4th the said subscribers, and nae, notary.
Original signed:
Shares. Amount
p. J. Martin Observation-Disclosures. 500 n 50 Oo0
q Cayaroc Son. ............... 400 5000
=. Aidlge.. 500 $1,000
J. Aldige. .:.................... 400 10000
new orleans insurance Associa-
- tlon. Observation-Disclosures. 200 10000
Madame We. j. J. Cusaehs....... so 5000
> cannon ..'...s.........'..... 100 10000
Joseph Bay ........... ........ 20 1000
j. ). fernandez ................... 20 1000
A. Cestia. .......................2 20 20O0
P. S. Witt. Observation-Disclosures. 80 5000
:; ESpehe.. :....''.''+.........-.. ~ dV9
n. IrepagIler. ................... 30 3,0cc
L. G. LeBreton.. 10 200
4. @. LAPIoE,