New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-13
CORPORATIONS.
CHARTER.
CHARTER.
H..
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STATE OF LOUISIANA, PARISH AND Cfff of
NEW ORLEANS.

NEW ORLEANS. -
y Be it known that on this sixth dav Of July. in
the year of lord one thousand eight huIuIeu
and seventyone. and of the independence =. f sme
me. William Nee Jones, a notary public, in and for
the parish and city of New Orleans state OF Louis
lana, duly commissioned and qualihed anu IA .Iis
presence of the witnesses heretpafter nalne9 aht
undersigned, personally came and appeared the
parties whose names are her<unf0 subscribed WHO
seyerally and Jointly declared that, availing them
selves of the provisions of the law nf the state Oh
Louisiana relative to the organization OF corpora
tions for works of public Improvement, ana for
other PURPOSES they had contracted and agreed,
and by these presents do contract agree and Dind
tIemselves and those who may hereafter become
associated with them, to form themselves INTO anu
constitute a corporation and body polite in law,
for the objects and PURPOSES and under the sfipus
latons regulations and articles following, to vii:
ARTICLE
The name and title Of this corporation shall pc
THE LOUISIANA PAPER MANuFACroRiNG COM
PANY. Its domicile shall be the city OF New Or
leans and il shall continue and exist Tor period of
twenty-five years from the date OF this act
ARTICLE H. s.
The object and purpose of this corporation is the
manufacture of paper and paper material, ana tne
all things properly appertainlnS thereto
ARTICLE III.
The captal stock of this corporation is hereby
fixed at the sum of sixty thousand dollars, divided
into six hundred shares OF one bundled dollars
each twenty-five dollars ON each share TO De pald
at the time the organization of this corporation
and five dollars on each share in thirty days nVe
dollars in sixty days and five dollars in ninety days
after said organization.
The balance on each share, or any portion of such
balance shall not be called for unless with the as
sent of threefourths Of the stockholders, and then
only to increase the business of the corporation.
Ii any person shall fail to pay his assessment on
stock subscribed for thirty days after the same is
due, the Board of Directors shall not declare Ihe
amount paid on such share shares forfeited, out
such shareholder shall he entitled 10 It's share OF
the profits made in proportion Any person pur,
chasing such unpaid stock shall be required 10
make the payments as they become DUE
ARTICLE ~.
All the corporate powers of this association shall
be vested III the board of seven directors elected
by the stockholders. voting by ballot, and oy
shares-each share being entitled to one vote, ana
majority of votes shall be necessary TO elect,
of which election the Board Of Directors snail! give
at leas' ten days notice in one of the newspap+rs
published in the city of New Orleans. The Board
of Directors shall appoint three 10 acI
as commissioners of election and should any OF
the commissioners decline to serve OF rali 10 at
tend the President shall appoint other persons 10
fill the vacancy. A failure from any cause TO eec!
directors on the day named for that purpose, shalI
then in office well as the President and stcre-
tary shall hold over until their successors are
Four directors shall constitute quorum FOR the
transaction of business.
ARTICLE "
The Board of Directors Immediately after their
election. shall choose from their number presi
dent, vice president, and a treasurer, and shall
choose from the stockholders general manager
and secretary, who shall serve one year from
their election, unless removed by the directors
The Board of Dire ctors shall have full authority
to fill all vacancies in their number from among the
STOCKHOLDERS of the company. aA
The said board is further invested with full
power to frame and adopt such by laws rules and
regulations as they may deem requisite and neees-
sary for the company and the transaction OF It's
business, provided the same do not conflict with
State.
The said board shall have power. and they
hereby authorized to buy real estate for the uses
and purposes of the company to sell the same, to
make contracts, leases mort cages and c0mpro-
misses and to do all and singular such acts as may
be necessary to carry on the business and further
the objects of this company.
No person shall be director unless. at the time
of his election aud during his continuance i'll Office
he shall own at least ten shares of the capital stock
'-'-0 ARTICLE VI
The following named persons shall be and they
are hereby constituted the first Board of Direct
ors, who shall hold Office until the first election
under this charter or until their successors are
ton, Pierre G. Dupn Charles s. Sauvinet Clement
Camp, James Todd, DR.. James Wenz William Mul
ford, with William II. PembertOn as President
thereof.
The first election of directors under this charter
shall be held on the first Monday in May in the
year 1872 and on the first Monday in May of each
The present board shall assume control immedi
ARTICLE VII.
The President of this association is hereby desig
mated as the officer upon whom all legal processes
shall be served
ARTICLE VIII.
This charter may be altered or amended and the
capital stock may be increased TO sum not
ceeding two hundred thousand dollars by and
with tho consent of threefourths of the stock
holders, convened for that purpose, after thirty
days notice in two daily newspapers published in
the city of New Orleans Should an increase of the
stock be authorized provided for above, notice
theref shall be given during thirty days, by pub
location in two daily newspapers of this city
During said time all the stockholders shall have
the priv eye of subscribing for additional shares
in proportion to the amount OF their stock any
shares not taken at the expiration OF that time
may be disposed of by the Board of Directors for
the benefit of the corporation.
ARTICLE TX.
When certificates of stock are issued to stock
holders they shall be signed by the president and
the secretary. All notes. drafts check contracts and
all evidence of debt shall also be signed by the
president and secretary. Books shall be kept open
for the registry and transfer of shares of the CAPT
tai stock subject to the regulations established by
the board. Transfers shall be made on said books
and signed by the shareholder or his attorney in
fact, which books may be closed only, as con
venience may require No transfer of shares not
full paid shall be recognized unless accepted by
this corporation.
All transfers of full paid stock shall be valid
and recognized by the corporation, if signed on
the back of the certificate by the shareholders
and two witnesses. and recorded in the book of
the company designated tor that purpose; and no
person shall be allowed to vote on transferred
stock unless the same shall have been recorded
thirty days previous to an election.
ARTICLE Y
The liquidation of the affairs of this corporation
shall be made by three commissioners, appointed
by the stockholders from among their own mem
bers, at meeting convened for that purpose,
after thirty days previous notice in the news
papers published in New Orleans The duty of
said commissioners shall be to liqnidate, finally
all the business of this corporation on such
terms and in such manner as shall be determine
at meeting held by majority of the stock
holders present or represented and if at any
time prior to the termination of this charter,
three-fourths of all the stockholders in number,
representing threefourths of the stock in amount,
shall vote at any meeting of the stockholders
called for that purpose, after thirty days previous
public notice. for the liquidation of the affairs of
this corporation, and elect commissioners, and de-
termine the mode and manner in which such
liquidation shall be made, then the liquidation
shall be made Immediately. The compensation of
said commissioners shall be fixed by the Board of
Directors.
Thus done and passed in my office, at New Or