New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-08-31
CORPORATIONS.
UHgrED STATES or AMERICA, STATE OF
LOUISIANA, PAEasH OF ORLEANS, CITY OF
HEW ORLEANS. ~


srT y.st -. srss5st s. rrss lrs.
Ee it known that on this twenty-ninth day Of the
menth Of August in the year ofo Lord one thois-
pendence of the United States Of America. the
ninety sixth before me, Gustave LeGardeur, Jr., a
for tie parish and city aforesaid therein residing
and N the presence of the witnesses herein
after named and undersigned personally came and
subscribed, who severally declared that they do by
THESE presents, form AMONG themselves and such
otheIs as may become Associates with them By sub
scrp1on, pure tase transfer or succession, corpo
rntion under the iaws-8F this STATE providing for
The organization Interpretations for works OF pub
DO hereby declare tie ioowna Articles to Se ' ts
constitution aud charter Of said corporation;
ARHIeEE
The name, style and title Of said corporation
shall be the Bienynle Oil Works Company" and
the doniel of said corporation is hereby estab-
shall commence husineaa-- on or about the first
day of Sepaember l8Tl, and shall exist for twenty
five years from the date of this charter, unless it
should be sooner dissolved by order of the three
fourths at all the stock of the company. 1t shall
have q seal and device, upon the same shall be
ignate. The president or IN his absence the seere-
tary of the company, Is hereby designated "a the
proper officer on whom citations and all other legal
% st II AETtCLK IL - . ,sa
The ebiects-and purposes of the company are
declared to be the tollowing, to wit:-To purchase
ann OeG s1s % 81 Ss
thersirom oil, oil cakes, soap fertilizer and other
articles Of co%nerce for domestic and foreign mar
k@s, andto that end to buy from the proprietors
and owners thereof the premises known as the
"Rsenville Oh Works in this city.
Il ,,,.u ARTICLE III. elr
The capital stock Of this company Is hereby 6xed
at two hundred and Atty thousand dollars. divided
into twenty-five hundred shares Of one hundred
.,r ~
capital stock to five hundred thousand dollars to
be paid for Mt the time a9itn the manner provides
for in article Nv of this charter. .I.llI ~
The company may commence business as soon "a
two hundred thousand dollars shall have been
srbseEi bed put 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
on the part OF the holder, and no certificate Of
stock shall be issued until the same Is paid in fun.
,wt.y-t Il. ARTICLE ~. ~ 9nt
All persons who have subscribed or may here
after suhscrfbe to the capital stock of this COM
pany shall pay cash, before the first business
twenty five dollars on each Share ana for sbs r er
mainining seventy-ivo per cent, or seyenty-fve
dollars on each share, which shall sbe divided into
they shall pass their notes to the company, pay
able, respectively, two three and four. months
after the first business day Of the company.
vided for, shall forfeit the entire stock to the
company together with all the benefits thereunto
belonging provided THAI 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
No stockholder shall in any event be made
liable for the losses of the company IN any larger
ton to the capital stoei and his her or their R
debtedness to the oompany.
l' - ARTICLE W f4
On the thirtieth day of September, of the year
eighteen hundred and. seyenty-two, and of each
and every year thereafter, the president shall
company, showing the receipts and disbursements
made, and the true situation of the company and
shall cause the sauna tabe published In two Of the
newspapers of this city for month; and on the
day above fixed the Board of Directors shall de-
clare such dividend az may accrue of the net pro-
time and the manner in which said dividend shall
be paid to the stockholders. 80, .f,tss s.
b. ARTICLE VI,
All the powers of the company shall be exercised
by Board of Director5 to consist of i've persons
three OF whom shall form quorum for the trans
The first election of directors of the company
shall be held on the second Monday of October,
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 Jockholders inspectors to
decline or fail TO attend, the president NAV ap-
point others to fill such vacancies. The Board of
directors thus elected are to take their seats on
the hrst Monday In November after tie election,
and to hold the same one year therefrom, until
their successors elected and have qualified.
be considered duly elected. In the e event Of no
election taking place on 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 director
OF this company who does not. at the time of his
in his 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 members a
president who shah hold office until his success
sor 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
oGa d IT. dhs business OF me company generally
In the absence of the president the Board of Dree-
tors 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 they may
deem necessary and convenient fer the govern
ment and regulation Of the company. Each and
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 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 be duly
elected and have qualified, to wit: Jules Aldge q.
Csvaroc, Paul Aldige P. s. Wiltz 8. Cambon
They are hereby invested with all the rights
and powers thereunto belonging. with power to
make ana sign al acts OF acts OF purchase of the
building contracts and all conducts for repairs and
improvements as may be necessary, with power,
Also to I'LL any vacancies which may occur in their
number and generally do and perform all acts
and things not herein provided for, which may be-
to carry into full effect the object and
purposes of this corporation.
y q. ARTICLE VIII
At the expiration Of this charter or sooner in
case this company should be dissolved at any gem
eral meeting of the stockholders thereof to be
tor that purpose after twenty days no.
tice Ia two Of the city papers, the vote of three
fourths 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 superintendence OF three commissioners APP
pointed by the Board of Directors.
ARTICLE TX
This act of incorporation can be altered an
amended aine by vote Of threefOarsns Of the capita
stockholders called for that purpose.
Done and passed ct New Orleans, in my offev,
Edgar rIs
q. LaPice competent witnesses, who have signed
with the said subscribers and me, notary.
Original signed: ,---.l----
Z. j. Martin. Observation-Disclosures. 500 $50 600
G. CavarOc & Son. ............... $50 46 900
r A!Qige.. ..'...............''.' oU $4,000
J Aldige....: .................:.. 400 10000
New Orleans Insurance ASsocia-
Madame We. j. j. Cusachs. 50 5000
). Cambon.. ..................... 100 10000