New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-07

Be it known shat on this eleventh day Of July, in
the year 1872, before me- Edward Barnett notary
public in and for this city and parish OF Orleans
State of Louisiana aforesaid, duly COHIll SsOned
and sworn, personally came and appeared the per
soas whose names are hersuntO subscribed, who
seveIaly declared that. awaiting themselves of the
provisions Of the statutes gSthe State Of Louisiana
relative 10 the Organization of corporations in this
State they nave agreed and by these presents do
agree and bind themselves and those whom they
represent, to form themselves into corporation
for the objects and under the stipuiationS, obiSa-
tons anCrcgulations following TO Wit;
ARTICLE I.
Tie name and title Of this corporation shall 90
the SOUTHERN MUTUAL GASLIGHT COMPANT.
and dOmicile shall be established in the city OF
-''" ARTICLE II.
The purpose for which this company is organized
is tGpuTChase the patents of Byron SlQper, of New
YORK, and Robert NJ Potter of Jersey City, pa
tented respectively the twenty third day OF
January and twenty third day of April, 1872 No.
I23,052 and No l26898, and TO use the same in the
States of Louisiana, Texas, Arkansas Mississippi
Tennessee, Kentucky, Alabama, Florida, Georgia.
North Carolina and South Carolina. for the purpose
of manufacturing Illuminating gas for lighting
cities or other PURPOSES and to use and dispose OF
their rights in any manner the Board of Directors
may think proper for the best interest of the com
pany; they shall have the right to purchase other
patents and use the same, other process TO
carry out th9 objects OF this corporation.
ARTICLE III.
The capital stock of this company is hereby xed
at the of one milliOa dollars, divided into ten
thousand shares of one hundred dollars each, which
for in ready money at the time of subscribing and
when said assessment shall be paid the said stock
shall be considered full paid, and further as.
ses5ment shall be made thereon.
ARTICLE ".
The business of the company shall be conducted
by board of seven Directors composed of the fol
lowing stockholders to wit: William McCullochr
ST., Caleb 5. Hunt, G. Ingram, George A. FOsdick,
Samuel NJ. Todd Gabriel de Ferret aud Samuel
Barnes, and they are hereby constituted the first
Board of Directors, who shall serve until their
CeSSOrS qualified.
They shall at their first meeting, elect from their
number President and Vice President who shall
held Office for the term tor which they are elected
Directors, unless sooner removed.
On the first Monday of July, 1873, and annually
thereafter there shall be held at the Office of tho
company election for Directors.
Each stakeholder shall be entitled to one vote
for each share held by him, and may vOteAther in
person or by proxy plurality of votes shall be
sufficient for an election and stakeholder shall
vote more than one thousand shares.
No one shall be eligible to the position of Di-
rector who does not hold in his own name at least
fifty shares OF the capital stock Of said company.
ARTICLE V.
The p esident of this company is hereby COnsti.
tuted the officer upon whom all citations shall be
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, at its earlier dissolution as herein.
after provided for the affairs of the company shall
paid and the balance of its funds if any shall be
divided pro rata among the stockholders under the
charge and superintendent of three commission
eTs, TO be appointed by the Board Of Directors,
who shall continue to act until the business of the
company shall be entirely closed and iquidated,
and IN case of the death of either one or two Of
them, then the survivors or 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 one of the daily
papers published in this city, to make any mOdIi.
cations. additions or alterations to this present
act Of Incorporation or to dissolve said corpora
ton with the assent OF three-fourths Of the stock
represented at such notified meeting.
ARTICLE *.
The Board of Directors shall have fun power TO
frame and adopt such bylaws. rules and Tegula-
tons as they may deem proper and necessary for
the company and the transaction of its affairs.
provided the same shall not be in conflict with the
true intent and meaning. of the act of inCOrpor-
alton, or with the laws of this State. They shall
appoint all the officers and employees Of the com
pany, and fix their salaries. They shall have full
power and authority to sell and buy real and per-
sonal property, movable and immOvable, to make
contracts, leases, mortgages pledges and COM
promises for and on behalf of said company as its
interests may require.
ARTICLE X.
None of the stockholders, nor their successors
rs such, shall be responsible OF liable for anv
greater loss or damage in the said company than
the amount of the capital stock held or owned by
linn OF them respectively.
Thus done and passed in my Office at the CITY of
New Orleans aforesaid on the day, month and wear
nlst ABOVE written anu III presence OF Marcel r.
DucrOs and Joseph W. Jones' competent witnesses.
who sign their names with the said parties and
me, notary.
(OTginal signed)
William McCuoch, ST., G. Ingram
George A. FOsdck, s. n. Todd and O. hers
NJ. T. DuCTOs J. 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 on this twelfth day of
July, in the year of our Lord one thousand eight
hundred and scventy-twO.
EDWARD BARNETT Notary Public.
I, the undersigned, Recorder Of Mortgages for
this city and parish of Orleans de hereby certify
that the foregoing charter of the Southern Mutual
Gasiight Company has been this day duly recorded
in my office, in Book Society No. g. folio 776
New Orleans July u, 1872.
jyI42O 27au4 % c. DARCAETEL, Deputy.