New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-05

ninety sixth, before me, Gustave LeGardetir, Jr,
notary public duly commissioned and sworn in and
for the parish and city aforesaid. therein residing,
and In the presence of the witnesses herein
after named and undersigned, personally came and
appeared the parties whose names are hereunto
subscribed, who severallv declared that they do By
these presents form among themselves and such
others may become associated with them By sub
scrptOn, purchase, transfer succession, corpo-
ration under the laws of this state providing for
1.-THE organization Of corporations for works of pub
lie Improvement and for other purposes and they
do hereby declare the following articles to be the
constitution AID charter Of said corporation:
ARTICLE L
The name, style and title of said corporation
shall be the "Bienyille Oil Works Company and
the donlicil of said corporation is hereby estab-
lshed and fixed in the city of New Orleans. 1t
shall commence business on about the first
day of September 1871 aud shall exist for twenty
Ave years from the date of this charter, unless it
should be sooner dissolved by order of the three
fourths of all the stock of the company 1t shall
have a seal and device, upon the same shall be-
such as the Board of Directors may hereafter dee
iguate. The president, in his absence, the score
tary of the company, IS hereby designated as the
proper officer whom citations and all other legal
process may be served.
ARTICLE IL
THE objects aud purposes of the company are
declared TO be the followiHg, to wit: To purchase
eo!.on ana o.nsr oieagenous seeds or produets OF
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
"Bienvile Oil Works" in this city.
ARTICLE III.
The capital stock of this company is hereby fixed
at two hundred and fifty Thousand dollars. divided
dollars each, with privilege of increasing said
capital Jock to five hundred. thousand dollars to
be paid for at the time and in the manner provided
for in article " of this charter.
The company may commence business as as
two hundred thousand dollars shah have been
Subscribed. but each fiscal year shall end the
thirtieth of September.
Transfers of stocks shall be made the books
of the company 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 same is paid in fun
ARTICLE ".
All 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 live dollars each share, and for the
dollars on eaeh share, Which shall be divided into
three iIistallments of twenty-five per cent each,
they shall pass their notes TO the company, pay
abe respectively, two, three and four months
after the first business day of the company. -
The nonpasment of said notes, as above pro
7ided for, shall forfeit the entire stock to the
company, together with al the benefits thereunto
belonging; provided, that the Board of Directors
| 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 shah, in any event, be made
liable for the losses or the corhpany any larger
sums than the amour q bis her or their subscrip-
ton the capital stock and his, her, their in
/ debtedness to the company
| ARTICLE v
| On the thrtieth day of Septeln0 er Ut tie rear
eighteen hundred aud segentg swe, ADS OF esch
| and every wear thereafter the plesiGgnt Sd ali
| cause to be made statement eli t36 affairs Ql he
company, showing the receipts ana dlsDaiT IS
made, and the true situation et the con paag, ard
shall cause the same to be published ia I've OF the
newspapers of this city for -oneqhioa5il; and the
| day above fixed the Board of Directors shall de-
/ fits of the company and fix and determine the
| time and the manner in which said dividend shall
| be paid TO tile 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
4 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
leans as he Board Of Directors shall designate, Of
| which tie president shall cause at least fifteen
days previous notice to be given in two OF the news,
| appoint three of the stockholders inspectors to
preside at such elections, and if the said inspectors
| 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 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 the
same bv advertisement in one OF more OF the news
papers of this city. No person shall be 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 De o member, at least ter
shares of the capital stock thereof.
The Board of Directors shall annually, at theiI
first meeting, elect from their own members
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 Director!
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 Direc
tors shall appoint one of their members to act il
his place; they shall also appoint all the other off
GERS and clerks of the company; they snail NIX tht
compensation Of the president and Of al Officers ea
| have power TO adopt such bylaws IS they may
deem necessary and convenient for The govern
ment and regulation of the company. Each aut
every stockRolder shall be entitled at elections
either in person or by proxy, to one vote on eael
or they may respectively hold; but not to vote Oh
any stock to him, her or them transferred within
three months prior to said election.
" ARTICLE VII.
The following named persons shall constitute tn
first Board of Directors of this company and shall
hold their Office until their successors shall be dull
elected and have qualified, to wit: Jules Aldige, c
Cavaroc, Paul Aldige, r. S. Witt, s. Cambon.
They are hereby invested with all the right
and powers thereunto belonging. with power t.
! said Bienviile Oil Works; to make and sign al
building contracts and all conducts for repairs an
| improvements as. may be necessary, with power
also to fill any vacancies which may occur in thei
| number and generally to do and perform all act
and things not herein provided for, which may b
ssary to carry into full effect the object ans
, purposes of this corporation.
; ARTICLE VIM
r At the expiration of this charter or sooner i
case this company should be dissolved at any gel
eral meeting of the stockholders thereof, to
convene d for that purpose after twenty days ~
tice two of the city papers, the vote of thre
fourths of all the stock of said company, its affair
shall be lquidated its debts paid and the balanC
: ! divided among the stockholders pro rata on th
and superintendent of three commissioners al
Q pointed by the Board of Directors
7 ARTICLE TX
y This act of incorporation can be altered an
8 amended by vote of three-fourths of the capits
i stock represented at any general meeting OF tbs
Q stockholders, called for that purpose.
:. Done and passed at New Orleans, in my OHIO
u the day month and year first above written in Il
a q. LaPice competent witnesses who have signt
y with the said subscribers, and me, notary.
It Original signed;
; | P J. Martin ACKNOWLEDGEMENT. 500 $500
II c. Cavaroe Son......,..,...... 460 460
p. Aldige. OBSERVATION-DISCLOSURES. 300 oov
Y J. Aidige. ........................ 40 4o'o
g New Orleans Insurance Associa- 40 a
ton. ............-....,.,..... zOu W.
= Madame We. J. J. Cusachs. so ~
). Cambon. .............s.....'.' iVv ~ ~
1 Joseph Bayle.. .......... ......., ~ ~ ~
J. J. Fernandez .................. ~ ~ * *
3, | A. Cestla. ACKNOWLEDGEMENTS 80