New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-13
CORPORATIONS.



3D. STATES OF AMERICA, STATE OF
OUlS1ANA, PARISH OF ORLEANS, CITY OF
6W ORLEANS
e known that On this twenty-ninth day Of the
OF August in the year Of our Lord one thous
ence Of the United states Of America thu
public duly commissioned and Sworn il ani
in the presence Of the witnesses hereiS
named and undersigned personally came aud
cribed, who severally declared that they do by
presents form among themselves and such
2 as may become associated with them by su b
Aion, purchase, transfer succession. a corpo
n under the laws OF this State providing fol
organization Of corporations for works Of pub
Improvement and for other purposes" and thew
hereby declare the following articles to lie the
Intuition aud charter Of said corporation:
ART1CLEL
ne name, style and title of said corpora ton
al be the "Bienville Oil Works Compsny. :" AMI
- domcil of said corporation is hereby estah.
bed aud fixed in the city of New Orleans It
~ of September 1871, and shall exist for twenty
I'VE years from the date of this charter unless it
houd be sooner dissolved by order Of the three.
iourths OF all the stock OF the company 1t shall
nave q seal and device, upon the same ehaI be
euch as the Board OfsDrectors may hereafter des.
tafy OF the company, Is hereby designated as the
proper officer on whom citations and all other legal
PAoCceo IAay We served.
ARTICLE H.
me objects and purposes of the company
declared to De the following, to wit: To purchase
cotton and other Oleagenous seeds or prod ucts of
ms Or any other country and to manufacture
articles OF commerce for domestic and foreign mar
and Ha 70 mat ,sr sad to buy from the h
blenVlie OIL Works" in this city.
ARTICLE Ill.,
The capital stock of this company is hereby fixed
at two hundied and fifty thousand dollars, divided
INTO twenty 1--we hundred shares Of one hundred
capital s'och 70 five hundred thousand dollars: to
be paid for at I've :.me and in the manner provided
for N article " OF this charter
two hundred thousand dollars shall have been
subscr bed but each fiscal year shall end on the
Transfers OF stocks shall be made on the books
not VIII l- any Indebtedness to the comnany exisfs
on tbs. part Of the holder. and no certificate If
stock snail he Issued until the same is paid in full
ARTICLE ".
All persons who have subsc ribed or NAV baro
after subscribe to the capital stock of this com.
lany shall paw cash. on or before the first business
day OF the company, twenty five per cent, or
twenty i've dollars on each share, and for the re-
nlanininc seveptyive per cent or seyentv.fve
dollars OF each share, which sh Iii be divided into
three iLstailments of TWENTY-FIVE DER cent each
they Shall pa Sc their notes to the COMPANY nav
a0ie, respectively. two, three and four months
after the nrst business day Of the company.
ne non payment Of said notes. as above pro
Eaed Tor, shall forfeit the entire stock to the
company, together with all the benefits therernto
may extend said payments for such time as they
nav 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 |
Sums than the smount Of his hsr oI IN any aIger
ton to the capital stock, and his her or their H.
ueotedness to the company.
ARTICLE
On the thirteth day of September of the wear |
AID every year thereafter, the president shall |
cause to be made statement Of the affairs of lbe
company showing the receipts and disbursement. |
made, and the true situation Of the company and |
shall cause the same to be published in two Of the
newspapers OF this city for month; and on the
clare such dividend as may accrue Of the net pro.
, ,s o. and dh t COMPANY and TX and
be paid to the stockholders.
ARTICLE VI.
~ ne powers of the company shall be exercised
by Board OF Directors, consist Of We persons
three Of whom shall form a quorum for the trans
The first election of directors of the company
shall De held on the second Monday Of October
lc12, and thereafter on the said dav in each and
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
papers Of this city,. The Board OF Directors shall
appoint three of the stockholders inspectors to
PRESIDE at such elections and if the said inspectors
decline or fail to attend, the president may ap- |
point others to FL such vacancies. The Board Of
the first Monday in November after the election !
and TO hold the same one year therefrom, until |
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
sa me by advertisement in one more OF the news
papers OF TINS CITY, No person shall be director
u lIls COMPANY VINO does not. at the time of his |
election and during his continuance in Office hold
4 his own name, or in the name of the commercial
irm of which he may be a member, at least ten
'5 "a, Of the capital stock thereof
The Board OF Directors shall annually, at their
1rst meeting, elect from their own members a |
PRESIDENT, who shall hold his office until his success
or IS elected and has qualified. The president shall
md at the meetings of the stockholders, and shall
'onduct the business Of the company generally,
the absence of tie president the Board Of Direc.
ors shall appoint one OF their members to act in
Us place; they shall also appoint all the other ot
ers and clerks of the company they shall fix the
Of the president and of all officers |
Id clerks employed by said company; they shall
ave power to adopt such bylaws they may
eem necessary and convenient tor the govern. |
nent and regulation Of the company Each and
i;her IN person or by proxy to one vote on each |
I'D every share of the capital stock which he she
r they may respectively hold; but not to vote on
!ree months prior to said election.
ARTICLE VII
The following named persons shall constitute the |
rst Board of Directors of this company, and shall |
old their office until their successors shall be duly
ected a nd have qualified, to wit Jules Aldse Z. F
avaIoc, Paul Aldige, P. s. Witt, S. Cambon n
They are hereby invested with all the rights y
ad powers thereuntO belonging. with power to B
AXE and sign all acts or acts Of purchase of the |
aid Bienvilie Oil Works; to make and sign all | =
hiding contracts and all conducts for repairs and
nprov ements as may be necessary, with power,
so to I'LL any vacancies which may occur in their
'nber, and generally to do and perform all acts
40 things not herein provided for which MAY be O
ecessary to carry into full effect the object and | q
imposes OF this corporation. n
ARTICLE VIII.
AZ the expiration of this charter or sooner in | r
ase TINS company should be dissolved at any gen | -
raj meeting OF the stockholders thereof to be |
1Nvehed Tor that purpose after twenty DAYS no.
&c IA .%s OF the city papers, the vote Of three.
'uiIns OF all the stock of said company it's affairs
lai oe hquidated, its debts paid and the bala nee
lVlded among the stockholders pro rata on the !
mount of stock held by each under the charge
lt sup,erln Mt Of three commissioners ap
oilted by the Board Of Directors
ARTICLE TX,
! mas act OF incorporation can be altered and D.
nended by vote of threefourths Of the capi-aI Ii
Ock represented at |