New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-10-04
CORPORATIONS,

~&SA~
tHARTER.... ...CAARTER.
UNITED STATES OF AMERICA, STATE OF
LOUISIANA, PARISH OF ORLEANS, CITY OF
NEW ORLEANS
Be it known that on this twenty ninth day Of the
month Of August in the year Of our Lord one thous-
pendence OF the United States Of America the
mnety'sixth. before me- Gustave LeGardeur, Jr., .
Notary public duly commissioned and sworn in and
lor the parish and city aforesaid therein residiu
an0 IN the presence of the witnesses herein
after named and undersigned, personally came and
sptscriSe ns TnoSe namss are nerennto
tnese Presents, form among themselves and such
OtneIs % may become associated with them by sub
IaMon under the laws of this State providing for
me organization of corporations for works of pub
c helshv ca ana TOR other and they
constitution aod charter Of said corporations:
ARTICLEL
shall BIZ the ''Bienville Oil Works COmpanv /" anIb
the d0micil of said corporation ia hereby estab.
ished and fixed in the city Of New Orleans. 1t
day Of September. 1871 and shall exist for twenty.
five years from the date Of this charter unless Il
should be sooner dissolved by Order Of the three
fourths of all the stock Of the company. 1t shan
have seal and device, upon the same Ahall be
such as the Board Of Directors may hereafter des-
tary OF the company, IS hereby designated as the
proper officer whom citations and II other legal
process may be served.
ARTICLE H.
The objects and purposes Of the company are
declared to be the following, to wit: To purchase
cotton and other oleagenous seeds or products Of
tnls OF any other country, and to manufacture
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
bienvliie Ol Works. in this city.
ARTICLE III.
The capital stock of this company ia hereby fixed
at two hundred and fifty Thousand dollars divided
into Twenty-Five hundred shares of one hundred
capital stock TO i've hundred thousand dollars. to
be paid for at the time and in the manner provideo
for in article Nv of this charter.
The company may commence business a. soon ~
two hundred thousand dollars shall have been.
subscr bed: but each fiscal year shall end on the
Transfers Of stocks shall he made on the books
Of the company Ct its office in this city only but
ON the part OF the holder, and no Certificate Of.
stock shall be tssued until the same is paid in tul
ARTICLE ".
All persons who have subsc ribed or may herr
After subscribe to the capital stock Of this COM
Pany shall pay cash, on OF before the first business
twenty FIVE dollars on each share, and for the 10
manning seventy-hve per cent, or seventy.ivo
dollars on each share, Which sh III be divided into.
they shall pass their notes to the company, nav.
ab Z, respectively, two, three and four months
a The .ne nlss CUISINES. 81 day 81 the company
v7ded FOR, shall forfeit the entire stock to tho
company. together with all the benefits thereunto
may extend said payments for such time as they
may deem proper. Until the whole capital stock
taken up books Of subscription shall be
No stOckhoider shall, in any event, be made
liable for the losses Of the company IN any larger
ton to the capital stock. and his her or their in
debtedDess to the company.
ARTICLEv.
On the thirteth day of September, of the year.
and every year thereafter. the president shall
cause to be made 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 in two Of the
newspapers OF this city for one month; and on tho
day above liked the Board of Directors shall de-
clare such dividend as may accrue Of the net pro-
ms ms o. dh &c COMPANY and 1 and Determine the
be paid to the stockholders.
ARTICLE VI
AL the powers Of the company shall Ike exercised.
by Board OF Directors to consist Of five persons
ton of business.
The first election of directors Of the company
1872, and thereafter on the said day in each and
every year, At such place in the city of New Or
lean. as the Board Of Directors shall designate of
which the president shall cause at least fifteen
papers Of this city The Board Of Directors shah
appoint three of the stockholders INSPECTORS to
preside at such elections and ii the said insnecfors
decline or fail to attend. the president MAY ap-
point others to fill 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 yctss a. ali
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 tho
same by advertisement in one or more OF the news
Of this company who does not at the time Of bis
election and during his continuance in office, hold.
IN his own name. or in the name of the commercial
hrm of which he may be member. at least ten
shares of the capital stock thereof
The Board OF Directors shall annually at their
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 Directors
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 DiIec
his place; they shall also appoint all the other off,
GERS and clerks of the company; they shall Tx the
and clerks employed by said company; they shall
have power to adopt such bylaws 40 they may
ueem necessary and convenient for the govern
nent and regulation of the company. Each and
every stockhOlder shall be entitled ut elections,
either IN person or by proxy, to 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 OF them transferred within
three months prior to said election.
ARTICLE VII.
The following named persons shall constitute the
hrst Board OF Ul ectOrs of this company and shall
hold their office until their successors shall be duly
elected nd have qualified to wit: Jules Allige G,
Cavaroc, Paul Aldige, P. s. Witt, $. CambOn.
They are hereby invested with all the rights
and powers the!euntO belonging, with power to
make and sign all acts or acts Of purchase Of the
said Bienvie Oil Works; to make and sign ali
building contracts and all conducts for repairs and
improvements as may be necessary with power,
Also to ill any vacancies which may occur in their
number, and generally to 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.
ARTICLE VIII.
At the expiration of this charter or sooner in.
case this company should be dissolved at any gen.
tral meeting OF the stockholders thereof to be
convened for that purpose after twenty days no
ice IN two of the city papers, the vote of three.
fOurths of all the stock Of eaid company its affairs
shall be Gquidated its debts paid and the balance.