New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-21
CHARTER.


STATE OF LOUISIANA, CITY OF NEW ORLEANS
Be II known that ON this seventh day of March,
in the year Of our Lord one Thousand eight hundred
and seventv-Onc, before me- Robert Joseph Kcr,
notary public in and tor the city or New Orleans,
parish OF Orleans. state of Louisiana, duly com
mssoned and qualified, and in presence OF the
witnesses hereinafter named and undersy ne,i
personally came and appeared the persons whose
names are hereunto Subscribed. who declared that
avaihng themselves of the provisions OF the laws
of the state OF Louisiana. providing for the
provement and for other purposes they have
agreed to form Themselves into and to constitute
a corporation tor the objects ami purposes, ami
under the following articles and stipuiations. to
Wit
ARTICLE L.
The name and style of this corporation shall ne
'Th. Alabama Hydro Carbon Ga,light Company
aud its domicie shall BE- established i'll the cit Y of
New Orleans state of Louisiana, with the right OF
removing and establishing its domcile within til.
STATE Of Alabama. by resolution of the Board OF
Directors to br appointed and to continue otficc
as Is hereinafter prov ded tor
ARTICLE II.
The purpose for which this corporation is estab-
shcd is TO employ SOpers Hydro Carbon Gas
Apparatus, patented twentieth July, 1869, No.
% 1872 and to employ am, lis" the SAID apparatus in
the State of Alabama. especially for the benefit of
served on the president acting president Of said
corporation; and the said corporation shall nave
the right OF using Il corporate seal
ARTICLE Ill
The capital stock of this corporation shall he the
sum OF one hundred and fifty thousand dollars
divided into fifteen hundred shares on. hundred
dollars each, which shall be Assessed at twenty
per centurn, snd when paid in cash the said stock
shall he considered fully paid, and 10 further as
sessmeut shall ever be made
ARTICLE w.
The business of said corporations .haN
be contided TO tive directors with the
right to increase the number 10
seven by resolution of the Board of Directors for
tlN..f finn. t..tr1t Th.
chosen by the stockholders at the first election
held under this charter. and to hold Office until
1ntit successors are nniy elected aud qualified.
The first election of directors under this charter
shall take place on the second Wednesday of Jl.
nary, 1872 and thereafter on the second "Wednesday
OF each and wear. At the first month ly meet.
ing after their election the directors, shall proceed
to the election OF the officers of this corporal ION.
ami all the officers OF the said corporation shall
continue III Office until their have been
duly elected and have qualified The officers Of
TINS corporation shall he president president pro
tenn treasurer secretary and superintendent. The
Board or Directors shall have the right OF making
all bl-iaws and regulations they may deem neces
sary tor the general interest of this corporation:
consistent with the provisions OF tins charter and
shall have power to ill all vacancies which may
occur from any cause whatever.
ARTICLE V.
The iollowin. persons shall constitute the first
Board of Directors, and shall hold Office tor
year from the date of this charter. and until TIN.
election and qualification OF their successors
tO-wit
MEYER STERN, lSAAt SIERN.
HENRY STERN GEORGE INGRAM
HENRY SEIDENBACH
ARTICLE VI.
This charter may be amended or modified and
the capital stock may be- increased with tn, con.
sent of three fourths OF the stock represented at
general meeting oi the Stockholders convened iox
the purpose al the place of domce OF said corpora.
ton, after thirty days public notice in one OF the
public papers published in the State of Alabama
but amendment shall BE- made unless tie same
shall have been presented and read at Two con.
sccutive meetings. and adopted as aforesaid; and
whenever an increase of stock shall he authorized
thirty days notice OF the same shall be pub
h-litd III one of the public papers of
the city of EeW Orleans. and one OF the,
pubic papers of the State of Alabama within
which time the Stockholders shall have the prrI
eeFe OF taking additional shares in proportion to
the amount of the stock they may hold and any
shares not taken at the expiration of that time
may be taken by other persons, but shall not be
taken under their par value.
ARTICLE VII
Upon the termination of this charter a. fixed bv
the avs OF Louisiana, or sooner if determined up
on aud ordered by q vote Of three fourt hs of the