New Orleans Republican., 1871-09-17
CORPORATIONS.
UNITKD STATES OF AMERICA, STAIR OF
LOUISIANA, PARISH OF ORLEANS. CITY OF
NEW ORLEANS
(vHARTER... . .
.......CHARTER.

Z vaARTER. R.......................CA ..CAARTER.
UNITED STATES OF AMERICA, STAIR OF
| LOUISIANA, PARISH OF ORLEANS. CITY OF
NEW ORLEANS.
Be it known that on this twenty y-ninth day Of the
and eight hundred and seventy one and of the inde
pendence Of the United States Of America the
notary public duly Commissioned and sworn in and
lor the parish and city aforesaid, therein residing,
star an1 N the presence Of the witnesses herein;
appeared the parties whose names are hereunto
subscribed, who severaly declared that they do BY
Others as may become associated with them by sub
scrp.ion purchase, transfer succession, corpo-
ration under the laws of this State providing for
The organization Of corporations for works OF pub
nc Improvement and for other purpOses I" and they
do hereby declare the following aztices to be the
cons'i'".ion anu charter OF said pratiOn:
ARTICLE /.
The name, style and title of said corporation
shall be the "Bienvi.le Oil Works Company. :" aud
the domicil OF said corporation is hereby estas-
shall commence business on OF about the frat
day Of September, 1871, and shall exist for twenty
ssaseS O. 1 orsr @
fourths Of al the stock of the company. 1t shall
have have seal = and DEVICE, upon the same shall be
ignate. The president OF in his absence the secre.
tary Of the company, Is hereby designated as the
proper officer whom citations and all other lega
process may lie served.
ARTICLE II.
The objects and purposes Of the company are
declared t. be the following, to Wit: 10 purchase
cotton and other oieagenous seeds or products of
tins OF any other country, and to manufacture
therefrOm OIL oil cakes soap, fertilizer and other
articles Of commerce for domestic and foreign
sna snd to ha end to buy from the propret1rs
bienvll!e Oil Works." in this city.
ARTICLR III.
Of 10 hor q
at two hundred and fifty thousand dollars divided
into Twenty-Five hundred shares Of one hundred
capital stock to five hundred thousand dollars to
De 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
subscribed: but each fiscal year shall end on the
Transfers Of stocks shall be made on the books
OF the company at its Office in this city only but
not while any indebtedness to the company exists
on the part Of the holder. and certificate OF
stock shall be issued until the 10 paid in full
ARTICLE ".
AL persons who have subscribed or may here
after subscribe to the capital stock Of this com
pany shall pay cash. or before the first business
day Of the company, twenty-five per cent or
twenty Ave dollars each Share, and for the re-
dollars On each share Which shall Se diyideS nto
three instalments Of twenty five per cent each
abe wo three GO apd onr laSs PAY
after the first business day of the company.
The non-payment Of said notes, ~ above pro-
vlded for, shall forfeit the entire stock to the
company, together with all 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 shall be kept
opened by the Board of Directors.
No stakeholder shall in any event be made
liable for the losses OF the company any larger
snms sun; than the amount 9i his her or their subscrp
tion to the capital stock. and his her their in
debted0ess to the company.
ARTICLEv.
On the thirtieth day of September of the year
eighteen hundred aid seventy.two, and Of eacb
and every year thereafter the president shall
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
shall cause the same to be published in two of the
day above fixed the Board Of Directors shall de,
clare such dividend as may accrue Of the net pro-
time and the manner in which said dividend staIl
be paid to the stockholders.
ARTICLE VI
AL the powers of the company shall he exercised
by Board Of Directors, to consist Of five persons
three Of whom shall form 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 on the said day in each and
every year, at such place in the city of New Or
leans leans Us tn the Board Of Directors shall designate, OF
Of city The Bo.r % Dreetors shs
preside at such elections and if the said inspectors
decline or fail to attend, the president may ap-
point Others to I'LL such vacancies The Board Of
Directors thus elected are to take their seats on
the first Monday in November after the election,
and to hold the same one year therefrom, until
their successors elected and have qualified
Those persons receiving plurality of votes shall
be considered duly elected. In the event of no
election taking place on the day aforesaid the
president shall cause another election to take place
within ten days thereafter, and give notice OF tho
same by advertisement in one or more of the news
of this company who does not. at the time of his
election and during his continuance in office hold
IN ms O. own name or in the name Of the commercial
firm of which he may be a member. at least ten
shares of the capital stock thereof
The Board OF Directors shall annually, at their
first meeting, elect from their own members a
president who shall hold his Office until his success
sor 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 der the supervision Of the BOARD Of Directors
tors shall appoint one Of their memberstO act in
his place. they shall also appoint all the other oti.
compensation of the president and Of all officers
and clerks employed by said company they shall
deem necessary and eonyenient for the govern.
ment and regulation Of the company. Bach aud
every stockholder shall be entitled at elections,
either in person or by proxy, to one vote on each
and every share of the capital stock which he she
or they may respectively hold; but not to vote
three months prior to said election.
ARTICLE VII.
Tie following named persons shall constitute the
first Board OF Directors of this company and shall
hold their Office until their successors shall be duly
elected a nd have qualified, to wit Jules Aldige G.
CavarOc, Paul Aldige. P. 5. Wiltz, s. CambOn.
They are hereby invested with all the rights
and powers thereuntO belonging. with power to
said Bienville Oil Works; to make and sign ali
building contracts and all conducts for repairs and.
as may be necessary with power
also to I'LL any vacancies which may occur in their
and things not herein provided for, which may be
necessary to carry into full effect the object and
purposes Of this corporation.
ARTICLE VIII.
At the expiration of this charter or sooner IL
case this company should be dissolved at any gen
tral meeting Of the stockholders thereof to be
convened Tor that purpose after twenty days no.
Ilce IN Two OF the city papers the vote of three
l0urths OF all the stock of said company, its affairs
divided among the stockholders pro rata on the
amount OF stock held by each under the charge
and superintendent Of three commissioners ap-
pointed BY the Board Of Directors.
ARTICLE TX.
amended by vote OF three -fOurths Of the capital
stock represented at any general meeting Of the
'toc khoiders, called for that purpose.
, Done and passed at New Orleans in my offie-,
presence OF Messrs. Edgar MOntegut and Ambrose
g. LaPice competent witnesses who have signed
with the said Subscribers and me, notary.
Original ST. gned:
j. J. Martin n..................... 500 $50O~1
:. CavarOc l. Son. 46O 460GJ
= An!lSs...... ...................... oD J',WO
J. A.dige. e......................... 400 10000