New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-29
CORPORATIONS.


month Of August in the year Of Lord one th0us.
and eight hundred and seventy and of the indie
pendenc0 Of the United States of America the
ninety sixth. before me, Gustave LeGardeur, Jr.,
notary public duly commissioned and sworn in and
for the parish and city aforesaid therein residing
and in the presence of the witnesses herein
after named and undersigned, personally came and
appeared the parties whose names are hereunto
subscribed, who severaly declared that they do by
these presents form among themselves and such
others as may become associated with theM by sub
scrPtion, purchase transfer or succession, cOrpo-
ration under the laws of this State providing for
The organization of corporations for works Of pub
lie improvement and for other purposes" and they
do hereby declare the following articles to be tho
constitution ad charter Of said corporation:
ARTICLEL.
The name, style and title of said corporation
shall be the |Bienville Oil Works Company" and
the dOmicil of said corporation is hereby estab-
lshed and fixed in the city of New Orleans. 1t
day of September 1871, and shall exist for twenty.
tive years rrom 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 shall
have seal and device, upon the same shall be
such as the Board of Directors may hereafter des-
ignate. The president, in his absence, the
tary Of the company, hereby designated as the
proper officer whom citations al II other legal
process may be served.
ARTICLE IL
The objects and purposes of tie company are
declared to be the following. to Wit To purchase
cotton and other oleagenOus seeds or products of
therefrom OIL oil cakes, soap fertiliz r and other
articles OF commerce for domestic nd foreign mar.
kets, and to that end to buy from the proprietors
and owners thereof, the premises known as the
"Bienvlle Oil Works. in this city.
ARTICLE III.
at two hundl ed and fifty thousand dollars, divided
into twenty five hundred shares OF one hundred
dollars eaei' WIN privilege OF increasing said
be paid for at the time and in the manner provided
for in article " OF this charter.
The company may commence business soon as
two hundred thousand dollars shall have been
subscribed. but each fiscal year shall end the
Transfers of stocks shall be made on the books
of the company at its Office in this city only, but
not while any indebtedness 10 the company exists
on the part of the holder, and certificate of
stock shall be issued until the is paid in full.
ARTICLE ".
All persons who have subscribed or may here
after subscribe to the capital stock of this COM
pany shall pay cash. before the first business
'day OF the company twenty-five per cent or
twenty five dollars on each share, and for the
mainining seventy.fve per cent seventy-tve
dollars each share. which shall be divided into
they shall pass their notes to the company, pay.
able, respectively, two. three and four months
after the first business day of the company.
The non aymeEt of said notes, as above pro.
vided for shall forfeit the entire stock to the
company. together with all the benefits thereuntO
belonging; 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 be kept
opened by the Board of Directors.
No stakeholder shall, in any event, be made
liable for the losses OF the company IN any larger
sums than the amount of his. her or their subscrp
ton to the capital stock and his her or their in
debtedness to the company.
ARTICLE V.
On the thi1tieth day of September of the year
eighteen hundred and seventy.1wo, and of each
and every year thereafter. the president shall
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 publis!e in two of the
newspapers of this city for month: and on the
day above fixed the Board OF Directors shall de-
clare such dividend as may accrue of the net pro-
fits of the company, and Il and determine the
time and the manner in which said dividend shall
be paid to the stockholders.
ARTICLE VI.
All the powers of the company shall lee exercised
by Board of Directors, to consist OF i've persons,
three Of whom shall form a quorum for the trans
The first election of directors of the company
shall be held on the second Monaay of October,
1879, and thereafter on the said dag 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 fill such vacancies. The Board Of
Directors thus elected are to take Their seal on
the first Monday in November after the election,
and to hold the same year therefrom, until
their successors are elected and have qualified.
be considered duly elected. In the event of no
election taking place on the day aforesaid, the
president shall cause another eectiO to take place
within ten days thereafter. and give notice of the
same by advertisement in one more Of the news
papers of this city. No person shall be director
OF this company who does not at The time OF his
election and during his continuance in office hold.
III his own name. or in the name of the commercial
firm Of which he may be member. at least ten
shares of the capital stock thereof
The Board of Directors shall annually, at their
first meeting, elect from their own members a
president, who shall hold his Office until his success
sOr is elected and has qualified. The president shall
preside at all meetings OF the Boaid OF Directors
and ut 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 Direc
tors shall appoint of their members to act in
his place. they shall also appoint all til. other OH
GERS and clerks Of the company; they shall fix the
compensation OF the president and OF all officers
and clerks employed by said company; they shah
have power to adopt such bylaws as they may
deem necessary and convenient for the govern
every stakeholder shall be entitled at elections
either i'll person or by proxy, to one vote each
and every share of the capital stock which he, she
or they may respectively hold; but not to vote
any stock to him. her or them transferred within
three month prior to said election.
ARTICLE VII
The following named persons shall constitute the
first Board OF Directors of this company, and shall
hold their office until their shall be duly
elected "a nd have qualified, to wit: Jules Aldige G.
CavarOc, Paul Aldge. p. s. Wilt. s. Cambon
They hereby invested with all the ripbta
and powers thereuntO 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 re pairs and
improvements rs NAV be necessary, with power
also to fill any vacancies which may in their
number, ami generally to do and perform all acts
and things not herein provided for, which NAV be-
necessary to carry into fun effect the object aud
purposes of this corporation.
ARTICLE VIII.
At the expiration of this charter or sooner in
case this company should be dissolved at aIy gen.
eral meeting Of the stoc khGlders thereof to ba
convened 1or that purpose after twenty DAYS no.
tce III two OF the city papers the vote OF three
f0urths OF all the stock of said company ts affairs
divided among the stockholders plo rata on the
amount of stock held by each, under the charge
and superintendent OF three commissioners ap.
pointed by the Board Of Directors.
ARTICLE ~.
THIS act of Incorporation can be altered and
anne nded by vote of three-fourths of the capital
stock represented at any general meeting Of thv
stockholders, called for that purpose.
Done and passed at New Orleans, in my OfY.y,
the day, month and year first above write H. in the
presence OF Messrs Edgar Montegu. and Ambrose
with the said subscribers, and me, notary.
Original signed:
Shares Amount.
r. ). Martin. ..................... $40 $5C0tO
Z. CavarOc i Son.. 400 46 900
p. Aldiye. OBSERVATION-DISCLOSURES. 500 5000