New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-30
CORPORATIONS.
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UNITED srif4s or AnksaCA; ST1fb o.
LOUISIANA, PARISH OF ORLEANS. CITY OF
NKW ORLRANS

UNITED srlf4s or AnklhcA; sr4f1 o.
LOUISIANA, PARISH OF ORLEANS. CITY OF
NEW ORLEANS .-...
month Of August in the year Of our Lord one thoua
and eight hundred and eeventy.o0e, and ofehe inAa
ninety sixth Sssos Us, %e d~stsve Eeards"r, IT,
notary public duly commissioned and sworn in and
for the parish and city aforesaid therein residing
after named and undersigned, personally came and
appeared the parties whose names are hereunte
subscribed, who seve1aly declared that they do By
these presents, form among themselves and such
others ~ may become associated with them by sub
sc.t;;ption purchase transfer or sacce..ion corPo
The organization Of corporations for works Of pub
lie Improvements and for other purposes" and they
do hereby declare the following articles to be the
constitution aud charter of said corporation:
ART1CLBL
The name, etyle and title of said corporation
shall be the "Bienvile Oil Works Company" and
the dOmicil Of said corporation is hereby estab-
thall commence business On or about the first
day Of September. 1871, and shall exist for twenty
i've years from the date Of this charter, unless it
should be sooner dissolved by O,der Of the three
fourths of all the stock Of the company. It shall
have seal and device, upon the same shall b
ignate The president, or in his Absence the secre-
tary Of the company, Is hereby DESIGNATED as the
proper officer whom citations and II other legal
process may be served
ARTICLE IL
The objects and purposes of the company aEs
declared to be the following. to wit: To purchase
cotton and other OleagenOus seeds or products OF
this or any other country and 70 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 propriotors
and owners thereof, the premises known a. the
"Bienvilie Oil Works Yin this city.
ARTICLE III
The capital stock Of this company 10 hereby fixed
ut 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
for in article Nv Of this charter.
The company may commence business ~ soon -
TWO hundred Thousand dollars shall have been
subscribed, but each fiscal year shall end on the
thirtieth Of September.
Transfers of stocks shall be made on the books
not while any Indebtedness to the company exists
on the part OF the holder and no certificate of
stock shall 10 Issued until the same 10 paid IN ful
All persons who have subscribed or may hero
after subscribe to the capital stock Of this com
pany shall pay cash. before the first business
twenty five dollars on each share. and for the re-
doars on each share which 81 ii Se divided into
three instalments Of twenty-five per cent each.
abe, respectively, two three and four ScntSs
after the first business day Of the company.
The non-Payment Of said notes. ae above pro.
vided for shall forfeit the entire stock to the
company. together with all the benefits thareunto
belonging; provided, that the Board Of Directors
may deem proper Untn the Whole capital apt stock
is taken up. books of subscription shall b. kept
No tockholdsr shall in any event, be made
liable for the losses of the company any larger
sumo than the amount Of his, her or their slbscfip-
ton to the capital stock, and hs her, their in
debteiness to the company.
ARTICLE Y.
On the thirtieth ~ of September, of the year
and every year thereafter, the president shall
cause to be made statement Of the affairs Of the
made, and the true situation Of the company, and
shall cause the same to be published in two Of the
newspapers Of this city for one month"; and on the
day above fixed the Board of Directors shall de-
clare such dividend - may accrue of the net pro
fits Of the e. company, and a1 and Determine the
time aqd the manner i'll which said dividend shah
be paid to the stockholders.
ARTICLE VI
All the powers of the company shall he exercised
by Board of Directors to consist Of five persons
three OF whom shall form quorum for the trans-
| ton OF business.
| The first election of directors Of the company
| shall be held on the second Monday Of October,
| 1871, and thereafter on the said day in each and
every year, at such place in tho city Of New Or
leans as the Board OF Directors shall designate OF
which the president shall cause at least fifteen
d previous notice to be given in two OF the news
p1esrs Of this city. The Board Of Directors ahal
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 I'LL such vacancies Tho Board Of
Directors thus elected are to take their seals on
| the first Monday in November after the election
1na to nSa shs %s
Those persons receiving a plurality OF votes shat,
be considered duly elected. In the event Of no
president shall nOther election take place
within ten days thereafter aud give notice Of the
papers of this city. No person shall he director
| Of this company who does not at the time OF his
election and during his continuance in office, hold
in his own name OF 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 ONCE until his
sor Is elected and has aualiiie The president shall
and at the meetings Of the stockholders and shalI
conduct the business Of the company generally.
In the absence of the president the Board Of Direc-
tors shall appoint one Of their members to act in
and clerks OF the thew ss M the
compensation Of the president and OF all officers
| and clerks employed by said company they shall
| have power to adopt such bylaws - they may
| deem necessary and convenient for the govern
ment and regulation Of the company. Each and
| every stOckhOkler shall he entitled 1T electious
either in person Or by proxy, to one vote on each
and every share Of the capital stock which he she
any stock to him. her Or them Within
| three months prior to said election.
ARTICLE VII.
The following named persons shall constitute tho
first Board Of Directors Of this company, and shall
hold their office until their shall be duly
elected nd have qualified, to wit: Jules Aldige G.
| CavarOc, Paul Aldige, r. g. Wiltz. s. Cambon.
They are hereby invested with all the rights
| and powers thereuuIO belonging. with power to
make and sign all acts acts Of purchase Of the
| said Bienville Oil Works. to make and sign oil
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 b.
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
convens d for that purpose after twenty days no
tce IN two OF tbs city papers, the vote of three
fonrths Of all the stock Of said company its affairs
shall be qndated. its debts paid, and the balance
divided among the stockholders pro rata on the
amount Of stock held by each, under the charge
| and superintendence OF three commissioners ap-
pointed by the Board Of Directors.