New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-09-16
CORPORATIONS.
CHARTER.
II .AAAAA In. .Ck1AATEk.
UNITED STATES OF AMERICA STATE OF
LOUISIANA, PARISH OF ORLEANS, CITY OF
NEW ORLEANS,

NEW ORLEANS.
| BE II known that on this twenty ninth day of the
month OF August in the year of our Lord one thous-
and eight hundred and sevent one and of thu. ine
OF Tue United States Of America the
| notary public duly commissioned and sworn in and
aor me parish and city aforesaid therein residing
! a ae, Ia lhe presence of the witnesses herein
| al,er named and undersigned personally came and
sPPsarea the parties whose names are hereunto
suOsciioed VINO severally declared that they do bv
| these presents, form among themselye, and snch
others as may become associated with them by an b.
Saipn transfer OF succession corpo
The organization Of corporations for works Of nub
a4 4 fSr other purposes and they
constitution anu Charter OF said corporation:
ARTICLEI
Tie name, style and title of said con,oratio,
shall be The "Bienvi,le Oh Works Company and
The domicil OF said corporation is hereby estab-
shall commence business on or about the arat
day of September, 1871 and shall exist for twentS
five years from the date of this charter unless Il
should BE- sooner dissolved by der Of the three
fourths OF al the stock of tire company It shall
. hays seal and deySs upon the same sha be
ignate. The president or in his absence the secre-
lazy OF the company, 10 hereby designated a. the
proper officer whom Citations AID ali other leya
process may be served.
ARTICLE IT.
The objects and purposes of the company are
oec!aIcu 70 he the following, to wit: To purchase
COTTON ana other Oeagenous seeds or pr0ducts of
TINS OF any other country, and to manufacture
articles OF commerce for domestic aud foreign mar
kets aud to that end to buy from the proprietors
and owners thereof, the premises known as the
bIeivlIe Oh Works. in this city.
ARTICLE III.
The capital stock OF this compauv ia her.hx vss
at two hundred and fifty thousand dolars divided
into TWENTY-FIVE hundred shares Of one huniired
dollars each, With privilege Of increasing said
capital stock 10 tive hundred thousand dollars to
De paid for at the time ana Ill the manner provided
for IN article Nv OF this charter
The company may commence business as soon as
two hundred thousand dollars shall have been
suoscr ped. but each fiscal year shall end on the
titlrtleth OF September.
Transfers OF stocks shall be made on the books
OF the COMPANY at is Office N this city only b,s.
OF the part of the holder and no certificate of
STOCK shall 5e Issued until the same is paid in ful.
ARTICLE ".
All persons who have subscribed or NAV here
after subscribe to the capital stock of this com
Iany shall paw cash, before the first business
uay OF the com any, twenty tive per cent, or
twenty. five dollars on each share and for the re-
oilars o eac n.y.. per cent or ssventyvs
three installments OF twenty-five per cent each
they shall pass their notes to the company pay.
abe, respectively, two. three and four months
af:er the first business day of tn. company
Inc non payment of SAID notes, a. above pro.
company, together with all the benefits thereun.o
belonging; provided that the Board Of Directors
may extend said payments for such time as they
may deem proper. Until the whole capital stock
is taken up. books of s,bscr ption shall be kept
opened by the Board of Directors.
No stockhoder shall, in any event, be made
liable for the losses OF the company IN any Larger
sums than the amount Of his. her their snbscrip-
non to the capital stock and his, her, their il
debteuness to the company.
ARTICLE
On the thirteth day of September, Of the year
eighteen hundred and seventy.two, and Of each
and every year thereafter the president shan
cause to be made statement OF the affajrs Of The
COMPANY slowing the receipts and disbursements
made, ard 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
clare such dividend may accrue Of the net pro-
ms % s ls eompany and TX and determine the
be PAID TO the stockholders
ARTICLE VI
, All the powers of the company shall be exercised
by boar. 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
shau &c held on the second Monday Of October,
l9'I aAc thereafter on the said day in each ard
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
papers Of tbs city The Board Of directors sha
appoint three of the stockholders inspectors 10
preside al such elections and If the said inspectors
uecl!ne OF lal 70 attend tae president may aP-
EoIt Others 10 I'LL such vacancies. The Board Of
rlrectofS mus elected are 10 take their seats on
the first Monday in November after the election,
and to hold the same one year therefrOm until
Their successors axe elected and have qualified.
be considered tuiy elected In the event Of SF, no
election taking place tie day aforesaid, tie
president sinai cause another election to take place
within ten DAYS thereafter aud give notice OF the
same by advertisement in one or more of the news
papers OF this city. No person shall he director
election AID during his continuance in Office hold.
n his oWnnaine. or in the of the commercial
hrin OF which he may be member at least ten
shares Of the capital stock thereof
ne Board Of Directors shall annually, at Their
,,st n4ee,inE, elect from their own members a
president " 10 shah hold his Office until his success
sor is elected aud has qualified. The president shall
preside at al meetings OF the Board Of Directors
and at the meetings OF the Stockholders and shall
conduct the business of the company generally
lnder the supervision Of the Beard Of Directors
IN the absence OF tie preside nt the Board Of Drec-
ais place they shall also appoint all the other off,
; ;on ana ces ne they shall dx tho
md clerks employed BY said company they shall.
have power 10 adopt such bylaws as they may
ieem necessary aud convenient for the govern
very stockiolder shall be entitled at elections,
'ither in person or BY proxy. TO vote ON each
md every share of the capital stock which be, she
II they may respectively hold; but not to vote on
nv stock to in, her or them transferred within.
t1ee mouths prior 10 said election
ARTICLE VII
The following named persons shall constitute the
inst Board OF Directors of this company aud shall
odd their Office until Their ssOrs shall he duly
,eettd nd have qualified. 70 wit: Jules Aldige G.
'ayaloc, panl Aldise P $. Witt. $. Cambon.
They are hereby invested with all the rights
nd powers theIeunro belonging with power to
make ana syn all acts acts Of purchase of the
aid Benvlile Oil Works; TO make and sign ali
uilding contracts and al conducts for repairs ard
improvements as may be necessary, with power
lsO, to Til any vacancies VIII I'll may occur in their
nd things NOT ll-rein provided for, which may be
ecessary 70 carry into fan effect the object and
uTposts of this corporation.
ARTICLE VIII
At the eXpirat ION of this charter or sooner in
aSe tins con pauy should be dissolved az any zen
raj meeting Of the stockholders thereof to be
onvent q tor that purpose after twenty DAYS no.
ice IA two of the city papers Oh the vote of three
1urths Of al the stock Of said com pany its affairs
hail be liqndated, its dehts paid and the balance
1ViGed among the stockho Iders pro rata on fhe
mount OF stock held by eAcn under the charge
nd superlntendeLce OF three commissioners ap-
onfed oy the Board IF Directors.
ARTICLE TX
This act of incorporation can be altered and
iiended 10y vote OF three-.oUrths of the capital
Jock represented at any general meeting OF tine
[Cckho.GeIs, called for that purpose.
Done and passed at New Orleans III nv ofit-,
ne day month and year Drst above written, in the
resence OF Messrs. Edgar MonIegut and Ambrose
:. LGP!c competent witnes SEES who have signed
nth the sad subscribers, ard me, notary.
Original sig-ed
Shares Amount.
j. Martin. ..................... 500 $5OO"0
CavarOc = Sou.............. 4rG 46GO
. AdlSe. ........................ $50 50,th1
Aid 70. .......................4 00 40o10