New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-19
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
Be it known that on this twenty ninth day Of the
month OF August IN the year of our Lord one thous-
and eight hundred and seventy one and ofthe indie
Penaence OF the United States Of America the
ninety sixth, before me, Gustaye LeGardeur, Jr.,
notary public duly commissioned and sworn in and
Tor the parish and city aforesaid therein residing,
and IN the presence Of the witnesses herein
after named and undersigned personally came and
subscribed who severally declared that they do bv
tnese presents, form among themselves and such
others as may become associated with them by sub
IaIion under the laws of this State providing for
The organization of corporations for works OF pub
nc improvement and for other purposes /" and they
do hereby declare the following articles to he the
constitution aud charter Of said corporation:
ARTICLE
The name, style and title of said CORPORATION
shall be the 'Bienve Oil Works Company" and
the d0mcil OF said corporation is hereby estah-
iished and liked in the city of New Oreans. r.
shall commence business on about the first
day of September 1884, and shall exist for twenty
five years from the date of this charter unless t
should be sooner dissolved by order Of the three.
fourths of all the stock Of the company. It shall
have seal and device, upon the same shall DO
such as the Board of Directors may hereafter des-
ignate: The president or in his absence, the
tary Of the company, hereby designated the
proper officer OH whom citations and all other legal
process may be served.
ARTICLE H.
The objects and purposes Of the company are
declared to he the following to wit: To purchase
cotton and other Oeagenous seeds Or products Of
therefiom 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
"Blenviiie Oil Works. in this city.
ARTICLE III.
The capital stock of this company is hereby xed
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
for in article Nv Of this charter.
The company may commence business as soon a.
two hundred Thousand dollars shall have been
subscribed put each fiscal year shall end on the
Transfers of stocks shall be made on the books
not while any Indebtedness to the company exists
on the part OF the holder, and certificate Of
stock shall he issued until the same is paid in full
ARTICLE ".
All persons who have subsc ribbed OF may here
after subscribe to the capital stock Of this com
twenty five dollars on each share, and for the re-
dollars on each share, Which shall be divided into
three installments Of twenty per cent each.
abe Respectively two c three and four @oa Rdy
after the first business day of the company.
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
belonging: provided, that the Board of Directors
deem proper tnt the Whole en capital pf r. 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 any larger
sums than the amount Of his her Or their subscrip
ton to the capital stock and his her or their in
debtedness to the company.
ARTICLE v.
On the thirtIeth day of September, of the year
and every year thereafter, the president shall
cause to be made statement of the affairs of tho
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 as may accrue of the net pro-
tts Of the COMPANY and k and determine the
be paid to the stockholders.
ARTICLE W.
All the powers Of the company shall be exercised
by Board of Directors, to consist Of five person
three Of whom shall form quorum for the trars-
ton of business.
The first election Of directors Of the company
shall be held on the second Monday Of October,
1873, and thereafter on the said day in each and
leans as the Board Of Directors shan desSeate Of
which the president shall cause at least fifteen
days previous notice TO- be given in two Of the news
appoint three of the stockholders inspectors to
preside at such elections and if the said inspectors
decline or tail to attend, the president may ap-
point others to fill such vacancies. The Board Of
Directors thus elected are to take their on
the first Monday in November after the election.
and to hold the same one year therefrOm, until
their successors are elected and have qualified.
Those persons receiving plurality Of vOtes shall
be considered duly elected. In the event of no
election taking place on the day aforesaid tho
president shall cause another election to take place
within ten days thereafter, and give notice OF tho
Rf fhGv
papers of this city. No person shall be director
of this company who does not. at the time Of hia
in his own name, or in the name Of the commercial
firm Of which he may be member. at least ten
81 OF st"sk Thereof t,
first meeting, elect from their own members .
president Who shall hold his Oficeuntil his
sOr is elected aud has qualified. The president shall
preside at all meetings of the Board of Directors
and at the meetings OF the stockholders and shall
conduct the business Of the company generally,
under the supervision of the Board Of Direc
In the absence of the president the Board Of Direc
tors shall appoint one Of their members to act in
GERS aud clerks Of the company; they shall fl 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 gevern:
ment and regulation OF the company. Zach aud
every stakeholder shall be entitled at elections,
either in person or by proxy, to vote ON each
and every share of the capital stock which he she
or they may respectively hold; but not to vote on
three months prior to said election.
ARTICLE VII.
The following named persons shall constitute the
first Board of Directors of this company and shall
hOd theic office until their successors shall be duly
elected nd have qualified to witt Jules Aldige G.
CavarOc, Paul Aldise p. 3. Wilt, 5. Cambon.
They hereby invested with all the rights
and powers thereunto belonging with power to
make and sign all acts or acts Of purchase of the
said Benvilie Oil Works; to make and sign all
building contracts and all conducts for repaiTs and
improvements as may be necessary, with power,
also, to Till any vacancies which may occur II their
number, and generally to do and perform all acts
and things not herein provided for which may bs
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 gem
eral meeting OF the stockholders thereof to be-
convened tor that purpose after twenty days no.
tice IA two Of the city papers, the vote OF three
1 o. an me STOCK Of said company its affairs
divided among the ockholders pro rata on the
amount Of stock held by each, under the charge
and supernte ndence OF three commissioners ap.
pointed by the Board of Directors.
ARTICLE TX.
This act of incorporation can be altered and
amended by a vote OF three-fOurths of the capital
stock represented at any general meeting Of the
stockholders, called for that purpose.
Done and passed at New Orleans, in my ofi.e.
presence Of Messrs. Edgar MOntegut and Ambrose
g. LaPice, competent witne sses who have signed
with the said subscribers, and me, notary.
Original signed
Shares Amount.
p. J. Martin Observation-Disclosures. 5nD $50Os0
G. CavarOc l. SOIi............, 400 40 900
p. Adige. Observation-Disclosures. 500 80 900
j. Aldige. NEUTRALITY-SUSPICIOUS.. 400 5000
New Orleans Insurance AssOca.
Madame We j. j. Cusachs 50 5000
D. CamDol. lW lpN"J