New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-22
CORPORATIONS.
CHARTER. ..........CHARTER.
UNITED STATES OF AMERICA, STATE OF
LOUISIANA, PARISH OF ORLEANS CITY OF
NEW ORLEANS

UNITED STATES OF AMERICA, STATE OF
LOUISIANA, PARISH OF ORLEANS, CITY OF
NEW ORLEANS.
month OF August in the year of our Lord one thous
and eight hundred and SEVENTY one, and of the indie
pendence OF the United States Of America tn,
ninety sixth, before me- Gustave LeGardeur, Jr, ,
Dotary public duly commissioned and sworn in ant
for the parish and city aforesaid, therein residing
and IN the presence of the witnesses herein
after named and undersigned, personally came ant
appeared the parties whose names are hereunt(
subscribed, who severally declared that they do by
these presents, form among themselves and sucf
others as may become associated with them by sub
scrlptiOn, purchase, transfer succession corpo
ration under the laws of this State providing FOL
The organization of corporations for works of nub
lie improvement and for other purposes, !" and they
do hereby declare the following articles to he the
constitution AID charter of said corporation:
ART1CLEL
Tie name, style and title of said CORPORATION
shall be the ''Bienvi!le Oil Works COMPANY :" and
the domeil Of said corporation is hereby estab.
lished and fixed in the city Of New Orleans 1t
shall commence business OF about the first
day Of September. 1871 and shall exist for twenty.
should be sooner dissolved by order Of the three
fourths of all the stock of the company. 1t shall
have seal and device. upon the same ehall be
such as the Board of Directors NAV hereafter 6es.
ignate. The president, in his absence the secre.
tary of the company, Is hereby designated as the
proper officer on whom citations and all other legal
ARTICLE II.
! 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
TINS or any other country, and to manufacture
therefrOm OIL Oil cakes, soap fertilizer and other
articles OF commerce for domestic and foreign mar.
kets, and to that end TO buy from the proprietors
and owners thereof, the premises known as the
"Bienville Oil Works. in this city.
ART1c1k 1Ir
The capital stock Of this company is Lerebv fixed
at two hundred and fifty 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 the time and in the manner provided
for in article " Of this charter.
two hundred Thousand dollars shall have been
subscribed but each fiscal year shall end On the
tlirtieth 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 tine company exists
on the part OF the holder. and no certificate Of
stock shall be issued until the same is paid in full
ARTICLE ".
All persons who have subscr ibed or NAV here
after subscribe to the capital stock Of this COM
pany shall paw cash before the fret business
day of the company, twentyf five per cent, or
twenty five dollars on each share, and for the re.
dollars each share, which shall be divided into
three installments of twenty five per cent each
they shall pass then notes TO the company, pay
after the first business day of the company
The non pay ment Of said notes, as above pro
vided for sLal! forfeit the entire stock to the
belongings provided. that the Board of Directors
may extend said payments for such time as they
may deem proper: Until the whole capital stock
is taken up. books Of subscription shall he kept
opened BY the Board of Directors
No stakeholder shall. in any event, be made
LA Die for the losses of the company III any larger
n ~ HArA .fsir hen
ton to the capital stock, and his, her or their in.
to the company.
ARTICLE
On the thiItieth day of September, of the year
eighteen hundred and seventy-.wo, and Of each
and every year thereafter the president. shall
,ause to be ade statement Of the affairs Of the
company. showing the receipts and disbursements
made, and the true situation of the company. and
newspapers of this city for one month and on the
Law above fixed the Board OF Directors shall de.
clare such dividend as may accrue of the net pro-
its OF the company, and fix and determine the
line and the manner in which sad dividend shall
Dc PAID 10 the stockholders.
ARTICLE VI.
All the powers Of the company shall he exercised
Board of Directors. TO consist of i've persons
hree Of whom shall form quorum for the trans
ion of business
The first election of directors Of tie company
hail be held on the second Monday Of october,
212 and thereafter on the SAID dav in each and
very year, at such place III the city Of New Or
cans as the Board of directors shall designate, Of
which the president shall cause at least fifteen
,apers of this city. The Board OF Directors shall
ppoint three OF the stockholders inspectors TO
reside at such elections and il the SAID inspectors
ecline or fail to attend. the president NAV ap-
'oint others to fill such vacancies. The Board of
directors thus elected are to take their seats on
he first Monday i'll November after the election,
heir successors are elected and lave qualified.
hose persons receiving plurality of votes shall
70 considered duly elected. III the event of no
lection taking place on the day aforesaid, the
PRESIDENT SHAH cause another election TO take place
within ten DAYS thereafter. and give notice OF the
anie by advertisement III one or more OF the news
'aptls Of THIS city. No person shan be a director
i this company who does not. at the time Of his
lection ard during his continuance Office hold.
a his o"nnant or N the name OF the commercial
rln Of which he may be a member, at least ten
ha!es OF the capital stock thereof
The Board OF Directors shan annually, at their
rst meeting, elect frcm tlcir members a
resident no shall hold his Office until his success
or is elected and has qualified The president shall
reside at all meetings of the Board OF Directors
lad AT the meetings OF the stockho ders, and shall
oHduct the business OF ire company generally.
nder the supervision OF tie Board of Directors.
he absence of the president the Board of Direc-
oTs shall appoint one of their members 10 act in
is place; they shall also appoint al the other of
ers and clerks of the company; they shall TX the
COMPENSATION OF the president and OF all officers
nd clerks employed by sad company: they shall
ave power to adopt such bylaws as they may
een necessary and convenient Tor the govern
u
very stakeholder shall be entitled at elections,
,th II, IN person son 10y proxy to one vote on each
r they NAV respeoy8Ve!y hold but not TO vote on
ny stock to him. her or them transferred within
Tree months prior to said election.
ARTICLE VII.
The following named persons shall constitute the
rst Board OF Dir ectors of this company and shall
old their office until their successors shall ue duly
lected I'D have qualified TO Wit: Jules Aldge, C..
avarOc Paul A,dige, p. :. Witt, :. Cam bon
They are hereby invested with all the rights
nd powers thereunto belonging, with power to
rake and sign all acts acts OF purchase of the
aid Bienville Oil Works 10 make ard sign all
uilding contracts and all conducts for repairs and
improvements NAV be necessary. with power
so, to ill any vacancies which NAV occur in their
lumber, and generally to do and perform all acts
nd things not herein provided for. which NAV be
tcessary to carry into fHl etiec. the object and
urp0ses OF this corporation.
ARTICLE VIII.
At the expiration of this chartet nr sooner. in
sse this company should be dissolved at any gen.
al meeting of the Stockholders thereof to be
,nyened for that purpose after twenty DAYS no.
ce IN two Of the city papers the vote of three
urths of all the stock of said company. It's affairs
lall he lqudated its debts paid, and the balance
vided among the stockholders pro rata on the
mount of stock held by each, under the charge |
nd superintendent of three coluyuiss UueTs ap. |
,inted by the Board OF Directors.
ARTICLE TX
This act of incorporation can lie altered and |
neilded by vote of 1hree-fourts of the capital |
Ock represented at any general meeting Of the |
ockhoders, called for that purpose.
Done and passed at New Orleans in nv offi,, |
e day, month and year first above written in the |
essence OF Jessrs. Edgar Mn,lttg;i- and Ambrose
Lapice, competent witnesses, VINO have signed |
it'll the said snhocribers and me, notary
Shares. Amount. |