New Orleans Republican., 1871-10-03

pendence Of the United States Of America the
ninety sixth, before me- Gustaye LeGardeur, Jr, 2
for the parish and city aforesaid therein residing,
ana IN the presence OF the witnesses herein
after named and undersigned, personally came and
appeared the parties whose names are hereuntO
subscribed, who severally declared that they do by
these presents, form among themselves and such
others as may become associated with them by sub
scriptiOn purchase, transfer or succession corpo-
ration under the laws of this State providing for
organization Of corporations for works of pub
10 heIeoy declare the following articles to be the
constitution and charter of said corporation:
ARTICLE
The name, style and title Of said corporation
shall be the "Bienville Oil Works Company" and
the domicil of said corporation is hereby estab-
lished and fixed in the city Of New Orleans. It
shall commence business on or 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 and deyics, upon the same shall be
gnate. The president or in his Absence the secre-
tary Of the company is hereby designated a. the
proper officer whom citations and II other legal
process may be served
ARTICLE IL
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
this or any other country, and to manufacture
thereffOm OIL oil cakes. soap, fertilizer and other
kets, and to that end TO buy from the propretors
and owners thereof, the premises known as the
"Blenvlle Oil Works" in this city.
g. ARTICLE III.
The capital stock Of this company is hereby fixed
at two hundred and fifty thousand dollars, divided
dollars each, with privilege Of increasing said
capital stock to five hundred thousand dollars to
iGe ~ the
The company may commence business as soon aa
two hundred thousand dollars shall have been
snoscr.p<d put each fiscal year shall end or the
Transfers Of stocks shall be made on the books
OF the company at ITS office in this city only, but
on the part OF the holder, and no 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, on or before tine first business
day OF the company, twenty-five per cent, or
twenty five dollars on each share, and for the re-
manining seyenty.fve per cent, seventy.Gve
three installments Of twenty-five per cent each,
they shall pass their notes TO the company, pay
ab e, respectively, two, three and four months
The non-payment Of said notes. as above pro-
vided for, shall forfeit the entire stock to the
company, together with all the benefits thereunto
may extend said payments for such time IA they
may deem proper: Until the whole capital stock
opened by the Board Of Directors.
No stockhoder shall. in any event, be made
liable for the losses Of the company IN any larger
sumo than tue amount Of his her their subscrip-
tiOn to the capital stock and HIS her or their in.
debtedness to the company.
ARTICLEv.
On the thirtieth day of September of the year
eighteen hundred and seventy.twO and of each
and every year thereafter, the president shall
cause to be made statement Of the affairs of the
hn rAaG and dschv
made, and the true situation of the company and
shall canse the same to be published in Of the
day above fixed the Board of Directors shall Dc.
clare such dividend az may accrue OF the net pro-
fits Of the company, and fix and determine the
time and the manner in which said dividend shall
he paid to the stockholders.
ARTICLE VI
All the powers Of the company shall be exercised
by Board of Directors to consist of Fl ye ,ers0ns
three OF whom shall form quorum for the trans
ton Of business.
The first election Of directors Of the company
1879, and thereafter on the said day in each and
every year, at such place in the city of New Or
which the president shall cause at least fifteen
papers Of this city The Board of directors &C M shall
preside at such elections and if the said inspectors
decline or fail to attend, the president may ap-
point others r to mn such vacancies The Board of
the first Monday in November after the election.
and to hold the same one year therefrom, until
Those persona receiving plurality of votes shall
be considered duly elected. In the event OF no
election taking place on the day aforesaid, the
president shall cause another election take place
within ten days thereafter and give notice OF tho
same by advertisement in one or more of the news
papers Of this city, No person shall he a director
of this company who does not. at the time Of his
election and during his continuance in Office hold.
in his own name or in the name of the commercial
q ma Q hl ItNAr l..nc
shares OF the capital stock thereof
The Board Of Directors shall annually at their
president who shall hold his oice until his success
sor is elected and has qualified The president shall
preside at all meetings of the Board of Directors
conduct the business of the company generally,
under the supervision Of the Board Of Directors.
In the absence Of the president the Board Of Drec-
tors shall appoint one Of their members to act in
his place; they shall also appoint all the other OFF,
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 shall
have power to adopt such bylaws as they may
deem necessary and convenient for the govern.
every stockholder shall be entitled at elections,
either in person or by proxy, to one vote ON each
tbeS " f n"t "hen m r e sne
any stock to him, her or them transferred within
three months prior to said election
ARTICLE VII
first Board of Directors OF this company, and shall
hold their office until their successors shall be duly
elected and have qualified; 70 wit: Jules Aldse, q.
They are hereby invested with all the rights
and powers theIeun1O belonging. with power to
make and sign all acts or acts of purchase of the
said Bienviile Oil Works; to make and sign ali
building contracts and all conducts for repairs and
improvements as may be necessary, with power,
also to hl any vacancies which may occur in their
number, and generally to do and perform all acts
and things not herein provided for which may he
necessary 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.
eral meeting Of the stockholders thereof to be
convened for that purpose after twenty days no
tce IN two OF the city papers the vote of three
fourths of all the stock Of aad company its affairs
shall be liqudated its debts paid, and the balance
divided among the stockholders pro 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 IN.
This act of incorporation can be altered and
amended by a vote Of threefourths Of the capital
stock represented at any general meeting Of the
st3ckho.ders, called for that purpose
the day, month and year first above written, in the
presence OF Messrs. Edgar Montegut and Ambrose
Larce re n I VINO otaa nave signed
Original signed
Shares. Amount.
p J. Martin Observation-Disclosures. s,W $5O,O6D
G. Cayaroc AZ Son.,.,.,,... f6o 5000
p AieiiDe .....,...,. sou 5OWW
J. Aldi9e e,.,...........4 AGO 40,HW
New Orleans Insurance Assoca-
t;on - 200 20OOO
Madame We ] l. CusachS. 81 5000.
s Gan hon 100 IN coo
Josenl, Rayj. 20 1000
I / Fernandez z,............ 90 1000
4 Cestia ....,.,.......... 20 1900
s Witt 80 $3.50
l. Lapene ne.......,...,,........... 10 1000