New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-01
CORPORATIONS.
QUARTER. ...CHARTER.
UNITED STATES OF AMERICA, STATE OF
LOUISIANA, PARISH or ORLEANS, CITY OF
NEW ORLEANS

NEW ORLEANS
Be it known that on this twentv.ninth day of the
month OF August in the year of Lord one tlious
and eight hundred and seventyOne, and OF the indie
ninety sixth, before me, Gustave LeGardeur, Jr, a
notary public duly commissioned and sworn in and
dor the parish and city aforesaid, therein residing,
anu IN the presence of the witnesses herein.
after named and undersigned personally came and
appeared the parties whose names are hereunto
subscribed, who seve1ally declared that they do by
| these presents form among themselves and such
others as may become associated with them by sub.
scrpton, purchase. transfer succession a corpo-
ration under the laws of this State providing for
The organization of corporations for works OF pub.
do hereby declare the following articles to be the
| constitution aud charter Of said corporation:
ARTICLRI
The name, style and title Of said corporation
shall be the "Bienville Oil Works COmnany !" and
the domic of said corporation is hereby estab-
shed and fixed in the city of New Orleans 1t
shall commence business on or about the first
day of September. 1871 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 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 des.
gnate The president, or in his Absence the secre.
proper officer on whom citations and II other Legal
process may be served.
ARTICLE II.
The objects and purposes of the company are
declared 10 be the following to wit: To purchase
cotton and other OleagenOus seeds products of
this or any other country, and to manufacture
therelfom 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 the
"Blenyllle Oil Works,' i'll this city.
ARTICLE H.
The capital stock Of this company is hereby xed
at two hundred and nifty 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 he time and in the manner provided
| for i'll article " 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
thirtieth Of September.
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 is paid in full
ARTICLE ".
All persons who have subscribed may here
after subscribe to the capital stock Of this COM
! pany shall pay cash before the first business
| day of the company, twenty-five per cent, or
twenty five dollars on each share, and for the
dollars on each share which shall be divided into
three lnstallnents of twenty-five per cent each
they shall pass their notes TO the company, pay.
able, respectively, two, three and four mouths
after the first bushes, dav Of the company
The non-paylnent Of said notes, as above pro-
vided for, shall forfeit the entire stock to the
company, together with all the benefits thereunto
belonging; provided, that the Board of Directors
|
NAV deem proper: Until the whole capital stock
is taken up. books of subscription shall he kepS
'fsas % sa sF,s event, be made
liable for the losses OF the |npany IN any larger
sums than the amount Of HIS her their subscrip-
tion to the capital stock and his her, or their il.
debtedness to the company.
| ARTICLE
On the thir'ieth day, of September, of the year
! eighteen hundred and seventy-two and of each
and every year thereafter, the president shall
cause to be made a 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 III two of the
newspapers of this city for one month: and on tbe
| day above fixed the Board OF Directors shall de.
clare such dividend as may accrue of the net pro-
fits Of the company, and fix and determine the
! time and the manner in which said dividend shall
be paid to the stockholders
ARTICLE VI.
| All 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
shall be held the second Monday of October
| 1871 and thereafter on the said day i'll each and
leans as the Board of Directors shall designate Of
| which the president shall cause at least fifteen
papers of this city. The Board Of Directors shall
| appoint three of the stockholders inspectors to
decline or fail to attend, the president may APP
| point Others to nil such vacancies. Ths Board CT
directors thus elected are to take their seats
| the hrst Monday IN November after the election,
and to hold the same one year therefron,, until
their successors elected and have qualified.
be- & ee In e OF event Of sn n
election taking place on the day aforesaid, the
president shall another election to take place
within ten days thereafter and give notice OF the
same by advertlsement 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 his own name, or IN the name of the commercial
| q a m V h,c ,har l.ast
The Board OF directors shall annually, at their
| nrst meeting, elect from their members q
president, who shall hold his Office until his success
sor is elected and has qualified. The president shall
and at the meetings of the stockholders, and shall
| conduct the business of the company generally,
In the absence OF the president the Board of Direc
! tors shall appoint one of their members to act in
his place; they shall also appoint all theaoher OFF,
GERS and clerks of the company; they shall fix tho
compensation OF the president and OF all officers
! and clerks employed by said company; they shall
nave power to adopt such bylaws as they may
deem necessary and convenient for the govern
ment and regulation of the company. Each and
| 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 shs
any stock to him, her them transferred within
| three months prior to said election.
ARTICLE WI.
The following named persons shall constitute the
first Board of Directors of this company and shall
hO'd their office until their successors shall be duly
elected nd have qualified, TO wit: Jules Aldige c.
| Cavaroc, Paul AdSe. p. s. Witt, s. Cambon.
They are hereby invested with all the rights
| and powers thereunrO belonging with power TO-
make and sign all acts acts Of purchase of tho
said Bienve Oil Works; to make and sign ali
building contracts and all conducts for repairs and
improvements as NAV be necessary, with power.
also, to I'LL any vacancies which may occur in tLeic
number and generally to do and perform all acts
and things not herein provided for, which may be
necessary to carry into full effect the object auc
| purposes of this corporation
| ARTICLE VIII
case this company should be dissolved at apy gen.
| eral meeting of the stockholders thereof to DO
convened for that purpose after twenty days nc
tce III two OF the city papers the vote OF three
shall be iquidated its debts paid, and the balance
! 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
This act of incorporation can be altered anG
amended by a vote OF threefOurths of the capital
| stock represented at any general meeting OF the
stockholders, called for that purpose.
Done and passed at New Orleans in my cfiuv,
the day, month and year first above written i'll tho
| presence OF Messrs. Edgar Montegut and AMBROSE
IT, LARGE, competent Witnesses who have signed
with the said subscribers and me, notary.
Original signed:
Shares. Amount.
p + Martin ..... $40 H500e3
G. Cayoroc 4 Sou.......... $50 46Opo
r. Aldige. ACKNOWLEDGEMENTS. 800 sn,ob
j. Aldioe observation-disclosures. 400 10000
New Orleans Insurance Associa- - nm
ton. ACKNOWLEDGEMENTS. %" IV,ooU
Madame ". i i Ci,tcIs...... 900
= CamhnD Observation-Disclosures h5 10 coo
joseph Bavlt ......... ........ 20 1900