New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-23
CORPORATIONS.
UNITED STATES OF AMERICA, STATE OF
LOUISIANA, PARISH OF ORLEANS, CITY OF
NEW ORLEANS

NEW ORLEANS.
Be it known that on this twenty ninth day of tn
month OF August in the year Of our Lord one thous
and eight hundred and seventy0ne and of the indie
pendence OF the United States of America tn
ninety.sixth before me, Gustave LeGardeur, Jr.,
notary pubic duly commissioned and sworn in an
for the parish and city aforesaid therein residing
and IN the presence Of the witnesses herein
after named and undersigned, personally came an,
appeared the parties whose names are hereunt
subscribed, who severally declared that thew do b
these presents, form among themselves and sue
others as may become associated with them by sui
scr!ption purchase, transfer or succession, cOrp0
The organization of corporations for works of pub
lie Improvement and for other purposes" and the,
Go hereby declare the following articles to be tn;
constitution and charter Of said corporation:
ARTICLE l.
The name, style and title of said corporatio,
the dOnlicil of said corporation is hereby estab
lished and fixed in the city Of New Orleans. i
shall commence business on or about the frs
day Of September 1871, and shall exist for twenty
i've 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 shall
nave seal and device, upon the same shall bt
such as the Board Of Directors may hereafter des
ignate: The president or in his absence, the secre
proper officer on whom citations and all other lega
process may be served.
ARTICLE H.
The objects and purposes Of the company ar,
declared to be the following to Wit: To purchas,
cotton and other oleagenOus seeds or products O
this or any other country. and to manufacture
therefrom oil, Oil cakes soap fertilizer and othe
kets, and to that end to buy from the proprietor
and owners thereof, the premises known as The
"BienvIle Oil Works" in this city.
ARTICLE III.
The capital stock of this company is hereby 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 bundled Thousand dollars to
be paid for at the time and in the manner provided
for in article " Of this charter.
The company NAV commence business soon al
two hundred Thousand dollars shall have been
subscri bed. 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 the COMPANY exists
on the part OF the holder. and 10 certificate OF
stock shall be issued until the same is paid in fun
ARTICLE ".
All persons who have subscribed or NAV here.
after subscribe to the capital stock of this com.
Pany shall pay cash. on or before the first business
day OF the company, twenty-five per cent, OF
twenty five dollars on each share, and for the re-.
manning seveDty-tve per cent or seventy. five
dollars on each share, which shall be divided into
three instaliments OF twenty-five Ter cent each,
they shall pass their notes to the company pay.
able, respectively, two. three and four months
after the first business dav of the compAnv
The non payment Of said notes as above pro
vided for Shall forfeit the entire stock to The
company, together with all the benefits thereuuto
may extend said payments for such time as they
may deem proper. Until the whole capital stock
is taken up; books of subscription SHAH be kept
opened by the Board of Directors.
No stakeholder shall, in any event be made
iiabie for the losses OF the company any larger
sums than the amount of his, her OF their subscrip
ton to the capital stock, and his, her Or their in
dettedness to the company.
ARTICLE;
On the thirtieth day Of September, of the year
eighteen hundred and seventv-two, and Of each
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
day above fixed the Board of Directors shall de.
clare such dividend as may accrue OF the net pro.
hts OF the company, and fly and determine the
be paid to the stockholders.
ARTICLE VI.
All the powers Of the company shall he exercised
by Board of Directors, to consist of tive persons
three OF whom shall form quorum for the trans
The first election of directors Of the company
shall be held on the second Monday of october,
l0'! and thereafter on the said day i'll 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
DAYS previous notice to be given in of the news
appoint three of the stockholders inspectors to
preside at snch elections and II the said inspectors
decline or fail to attend. the president NAV ap-
point Others to fill such vacancies. Tie Board Of
Directors thus elected are 20 take their seats on
the first Monday in November after the election
and to hold the same one year therefrom, until
her successors are elected apd have qualified.
! those persons receiving plurality OF votes shall
election taking place tie day aforesaid the
president shall cause another election 10 take place
within Ten days thereafter and give notice OF the
same 'y adxertlsement IN one or more Of the news
papers OF this city. No person shall he director
u tins company who does not. at the time OF his
election and during his continuance in office hold.
Il his own name. or III the name of the commercial
irm of which he nav be Der 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.
Or Is elected and has quaned. The president shall
reside at all meetings OF the Boa.d OF Directors
.nd at the meetings of the stockholders and shall
conduct the business of the company generally
lnder he supervision of the Board Of Directors.
the absence of tie president the Board of Direc.
ors shall appoint one Of their members to act in
lis place. they shall also appoint all the other Off
ers and clerks of the company they shall fix the
md clerks employed by said company; they shall
rave power to adopt such bylaws as they may
eem necessary and convenient fer the govern
nent and regulation Of the company. Each and
very stakeholder shall be entitled at elections,
ither in person or by proxy, to one vote on each
nd every share Of the capital stock which he, she
y
ny stock to him, her or them transferred within
hree months prior TO said election.
ARTICLE VII
The following named persons shall constitute the
rst Board OF Directors OF this con,any and shall
old their office until their successors snail be duly
lected md have qualified. to wit: Jules Aldye c.
avaroc, Paul Aldige, P. 5. Wilt, $. Cambon.
They are hereby invested with all the rights
nd powers thereunto belonging with power to
lake and sign all acts or acts OF purchase of the
aid Benvi1le Oil Works; to make and sign ali
uilding contracts and all conducts for repairs and
improvements NAV be necessary wit power
$50 TO ill any vacancies which may occur in their
lumber, and generally to do and perform all acts
I'D things not herein provided for, which may be
ecessary to carry into iIi'i effect the object and
urposes of this corporation.
ARTICLE VII.
At the expiration of this charter Or sooner in |
ase this company should be dissolved at any gen.
raj meeting of the stockholders thereof to be |
'nven.d tor that purpose after twenty days no. |
urths of all the stock OF said company, its affairs
lall be ligudated 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 commissioners ap. |
Dinted by the Board of Directors.
ARTICLE Il.
This act of incorporation can he altered and |
nended by vote of three-iourts OF the capital |
ock represented at any general meeting Of the
ockhoders, called for that purpose.
Done and passed at New Orleans in nv off.,.
Re day, month and year first above written in the
resence OF Messrs. Edgar Monteyut and Ambrose
LaPce, competent witnesses, who have signed
18th the said subscribers and NE, notary.
Original signed:
Shares. Amount
): Martin. ...................-. 500 $56o60
CavarOc Son. 400 46 600
AID ......-................. 800 10000 |
aidlSe... ACKNOWLEDGEMENTS. 100 10000 |
ew Orleans Insurance Associa-
t1On. 200 gn.Wh |
adame We. J. J. Cusachs. 30 5000