New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-26
CORPORATIONS.



itiAssFE1Ei ,.........s. CHARTER.
STATE OF LOUISIANA CITY OF NEW ORLEANS
Be it known that on this eleventh dav of.TuIv. IN
the year igtz 9eIore me Edward Barnett, notary
State of Louisiana aforesaid. duly commissioned
and sworn, personally came aud appeared the per-
sOAs whose names are hereunto subscribed, who
severallY declared that, awaiting themselves Of the
PROVISIONS of the statutes of the state of Louisiana
ealVe 10 the organization OF corporations in this
o1ate' they have agreed ana by these presents do
dGree and bind themselves and those whom thew
fI 20 form themselves into corporation
TOT lhe OBJECTS aud under the stipuatiOns obliga-
lions ana regulations following to wit:
ARTICLE l.
The name and title OF this corporation SHAH be
the SOUTHERN MUTUAL GASLIGHTr COMPANY
aud its d0mcile shall be established in the if,, ~
ARTICLE II.
The purpose for which this company Ia Organised
is to purchase the patents of Byron Sioper 6f Hy-
York, and Robert NJ Potter, of Jersey CIV mn
tented respectively on the twenty.third day 81.
January and twenty third day of April 1872 No.
l23 O52 and No. l26 098 and o use the same In the
States of Louisiana Texas, Arkansas, Mssssippi
tennessee. kentucky Alabama, Florida Georgia
North Carolina aud South Carolina for Tie purpose
of manufacturing Illuminating gas for lighting
ves or Sthet purposes, and TO use aud dispose of
their Ilg ms IN any manner the Board Of Directors
may think proper for the best interest Of the COM
panyi they shall have the right to purchase other
patents ana use tho same, or other process, to
carry out the objects of this corporation.
ARTICLE III.
The capital stock of this company is hereby fixed
at the sum of one mlliOR dollars, divi.ed into ten
thousand shares of one hundred dollars each which
shall DO assessed at twenty per centum, to be paid
for III ready money at the time of subscribing and
when said assessment shall be paid the said stock
shall be considered full paid, aud no further as
sessmeut shall be made thereon.
ARTICLE w.
The business of the company shall be conducted
by board OF seven Directors composed of the fol-
lowing stockholders, to witt William McCullOch,
Samuel NJ. Todd Gabriel de Ferret and Samuel
Barnes and they are hereby constituted the first
CessOrs are qualified.
They shall at their first meeting elect from their
numbers President and Vice President who shall
held Office for the term for which they are elected
Directors, unless sooner removed.
On the first Monday of July 1875, and annually
thereafter there shall be held at the office of the
company an election for Directors.
Each stakeholder shall be entitled to one vote
for each share held by him, and may vote either in
person or by pro1yi plurality of votes shall be
sufficient for an election aud no stakeholder shall
vote more than one thousand shares.
No one shall be eligible to the position of a Di-
rector who does not hold IN his own name at least
fifty shares OF the capital stock Of said company.
ARTICLE V.
The President of this company is hereby consti-
served
The term for which this corporation is formed
shall be twenty-five years from the date of these
presents.
At the expiration of the term Of this act of in
corporation, or at its earlier dissolution as herein
after provided for the affairs of the company shall
be liquidated its debts and all other liabilities
paid, and the balance Of its funds i any shall be
divided pro rata among the stockholders under the
charge and superintendenee Of three commission
ers, 70 be appointed by the Board OF Directors,
who shall continue to act until the business Of the
company shall be entirely closed aud hquidated,
and in case of the death of either one or two Of
them, then the survivors survivor shall act.
ARTICLE VIII.
The said corporation shall have full power at
any general meeting convened for that purpose,
after thirty days public notice in of the daily
papers published in this city, to make any modIh-
Cations. additio or alterations to this present
act of Incorporation, to dissolve said corpora
ton with theassent of three fOurths of the stock
represented st such notified meeting.
ARTICLE TX.
The Board of Directors shall have fun power to
frame and adopt such bylaws, rules and regula-
tons they may deem proper and ne Cessary for
the company and the Transaction Of it's affairs;
true intent and mpaning of the act of inCOrp0r-
ation or with the laws Of this State. They shall
appoint all the officers and employees of the com
pauy, and fix their salaries. They shall have full
power and authority to sell aud buy real and per-
sOual property movable and immovabIe, to make
contracts, leases, mortgages, pledges and com
promises for and on behalf Of said company its
Interests may require.
ARTICLE X.
None Of the stockholders, nor their SUCCESSORS
greater loss damage in the said company than
the amount of the capital stock held or owned by
him or them respectively.
Thus dOGe and passed in my Office, at the city of
New Orleans aforesaid, on the day month and year
first above written, and in presence Of Marcel T.
DuCros and Joseph w. Jones, competent witnesses
who sign their names with the said parties and
me, notary.
Original signed
William MCCuliOch Sr., G.. Ingram,
George A. FOsdlck, s. M. Todd and others
NJ I. DuCIOs, }. W. Jones'
EDWARD BARNETT, Notary Public.
certify the foregoing to be true copy of the
original act extant in my current records
In faith whereof, grant these presents under
my signature, and the impress of my seal Of office,
at the city Of New Orleans, this twelfth day Of
July, in the year of Lord one thousand eight
hundred and seventy-twO.
EDWARD BARNETT Notary Public.
l. the undersigned, Recorder Of Mortgages for
this city aud parish Of Orleans de hereby certify
that the foregoing charter of the Southern Mutual
Gaslight Company has been this day duly recorded
IN my Office in Book Society No. 3, folio nc.
New Orleans, July u, 1879
iVl4 27au4 70 q. DARCANTEL, Deputy.