New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-07-11
: CORPORATIONS.
yHARTER $3.50. =. ss I. 3. CHATTER.
STATE OF LOUISIANA. PARISH AND CITY OF
rs a NEW ORLEANS =


Be it known that on this sixth day of July. in
the year of our Lord one thousand eight hundred
and seventy-One and of the independence of the
United states of America the ninety sixth, before
the parish and city Of New orleans state of Louis.
lana, duly commissioned ard qualified; and in the
presence of the witnesses hereinafter named and
undersigned, personally came and appeared the
parties whose names herounto SUBJ cribed; who
severaly and jointly declared that awaiting them
selves of the provisions of the law Of the state of
Louisiana relative to the organization of corpora
tons for works of public improvement, and for
other purposes they had contracted and agreed,
Themselves, and those who may hereafter become
associated with them. TO form themselves into, and
constitute corporation and body polite in law,
for the objects and purposes, aud under the stipu
latons regulations and articles following, to Wit
ARTICLE l.
The name and title Of this corporation shall be
THE LOUISIANA PAPER MANUFACTURING COM
PANY. Its domieile shall be the city OF New Or
leans, and it shall continue and exist for period Uf
twenty-five years from the date of this act.
ARTICLE II. .
The object and purpose of this corporation is the
manufacture OF paper and paper material aud the
purchase and sale of paper and paper material and
all things properly appertaining thereto
ARTICLE III.
The capital 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 be paid
at the time of the organization of this corporation,
and five dollars on each share in thirty days, five
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 DO called for unless with the
sent OF threefourths of the stockholders and then
only to increase the business of the corporation.
stock subscribed for thirty DAYS alter the is
due, the Board of Directors shall not declare the
amount paid on such share or shares forfeited but
such shan eholder shall be entitled its share of
the profits made in proportion. Any person pur-
chasing such unpaid stock shall be required to
make the payments as they become due.
ARTICLE w
All the corporate powers of this association shall
be vested III the board of seven directors, elected
by the stockholders, voting by ballot and by
sbares-each share being entitled to one vote, and
majority OF votes cass snall be necessary to elect
of which election the Board of Directors snail give
at leas ten days notice in one of the newspapers
published in the city of New Orleans. The Board
of Directors shall appoint three stockholders act
as commissioners of election, ard should any of
the commissioners decline to serve or fail to at
tend the President shall appoint other persons to
I'LL the vacancy. failure from any to elect
directors on the day named for that purpose shall
not dissolve this corporation but the directors
tnen III olncG, aS "eIl as tnT rresutht ana Secfe-
tary shall hold over until their successors are
elected and qualided.
Four directors shah constitute quorum for the
transaction of business.
ARTICLE V.
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 a general manager
and a sect tarY, who shall serve one year from
their election, unless removed by the directors
The Board of Dire ctors shall have full authority
to I'LL all vacancies in their number from among the
Stockholders of the company. 4a s.
The said board is further invested with full
power to frame and adopt such bylaws rules and
regulations as they may deem requisite and neces-
sary for the company and the transaction of it's
business, provided the same do not conflict with
this act of incorporation and the laws of this
State.
The said board shall have power and they are
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 cOmprO-
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 a director unless at the time
of his election and during his continuance in oce
he shall own at least ten shares OF the capital stock
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
duly elected and qualified, viz: William H. Pember-
ton. Pierre G. Dupire. Charles s. Sauvinet Clement
Camp, James Todd Dr.: james Wenz, William Null
ford, with William II. Pemberton as President
thereof.
The first election of directors under this charter
shall be held on the first Monday in Nav in the
year 1872, and on the first Monday in Nav of each
and every year thereafter.
The present board shall assume control immedi-
NNS'J
ARTICLE VII
The President of this association is hereby desg-
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 a sum not ex-
ceeding two hundred thousand dollars, by and
with tho consent of three-fourths 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 as provided for above, notice
theref shall be given, during thirty days by pub
hcation in two daily newspapers of this city.
During said time all the stockholders shall have
the priv ege 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 he signed by the president and
the secretary All notes, drafts check contractsand
all evidences 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
null 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
shareholders
and two witnesses. and recorded in the book of |
the company designated for 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 X.
The liquidation of the affairs of this corporation
shall be made by three commissioners APPOINTED |
Dy the stockholders from among their own mem |
)ers, at meeting convened for that purpose, |
after thirty days previous notice in the news |
1spers published in New Orleans. The duty of |
,aid commissioners shall be to liqnidate finally |
vi the business OF this corporation on such |
erms and in such manner shall be determine |
1t meeting held by majority of the stock |
holders, present represented; and if at any |
ine, prior to the termination of this charter, |
hree-fourths of all the stockholders in number |
representing three-fOurths of the stock in amount,
mail vote at any meeting of the stockholders |
allied for thai purpose, after thirty days previous
,ubc notice, for the liquidation of the affairs of
his corporation, and elect commissioners, and de- |
ermlne the mode and manner III which such |
liquidation shall be made, then the liquidation |
hall be made Immediately. The compensation of |
aid commissioners shall be fixed by the Board of |
directors.
Thus done and passed in my office, at New Or. |
cans aforesaid, in the presence of Armstead A.
ones and Richard II. A. MoOnay, witnesses both |
4 this city, who have signed their names hereto,
With the parties and me, the said notary, on the |
lay and date aforesaid.
Original signed:
'HARLES s. SAUvINET, w. PEMBERTON,
WILLIAM MILFORD, JOSIAH FISK,
J. CAMP, PIERRE G. DUPIRE
WILLIAM MCC. JONES
Witnesses
A A. JONES.
r. H. A. MOOSAY.
certify that the within and foregoing is a true
opy of the original act entered in nv notarial
ecOrds which original act in duly stamped and
as Deen recorded IN the mortgage office OF this