New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-28
CORPORATIONS,

STATE OF LOUISIANA. CITY OF NEW ORLEANS.
Be it known that 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 Commissioned
aud sworn, personally came and appeared the per
SONS whose names hereuntO subscribed whn
seVeTalY declared that, awaiting themselves OF the
provisions of the statutes Of the State OF Louisiana
relative TO the organization of corporations in this
State, they have agreed, and by these presents do
agree and bind themselves and those whom they
represent, to form themselves into a corporation
for the objects and under the stipulatious oblga-
tons and regulations following, to wit:
ARTICLE l.
The name and title OF this corporation shall be
the SOUTHERN MUTUAL GASLIGHT COMPANY
and its domicte shall be established i'll the city of
New Orleans.
The purpose for which this com panv is organized
is TO purchase the patents of Byron Sioper Of New
York, and Robert NJ Potter, of Jersey CITY pa
tented respectively on the twentythird day Of
January and twenty third day or April, 1872 No.
l23 O12 and No. l26,O98 and to the same in the
States of Louisiana Texas Arkansas Mississinpi
Tennessee, Kentucky, Alabama, Florida, Georgia
North Carolina and south Carolina, Tor the purpose
of manufacturing Illuminating gas for lighting
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, or other process to
carry out the objects Of this corporation.
ARTICLE Ill
The capital stock Of this company is hereby xed
at the sum Of one million dollars, diviaed into ten
thousand shares of one hundred dollars each, hCh
shall be assessed at twenty per centum to be paid
for IN ready money at the time of subscribing, and
when said assessment shall be paid the said s eek
shall be considered full paid, and no further as
sessment shall be made thereon.
ARTICLE ".
The business of the company shall be conducted
by board of seven Directors, composed of the fol
raNA LII
ST., Caleb 5. Hunt g. Ingram George A FOsdck,
Samuel NJ. Todd, Gabriel de Ferret and Samuel
Barnes, and they are hereby constituted the first
Board OF directors, who shall serve until their sue
CessOrs are qualified
They shall at their stmeeting elect from their
number 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, 1873, and annually
thereafter there shall be held at the Office Of the
company an election for Directors.
Each stakeholder shall be entitled to ore vote
for each share held by him. and may vote either in
person or by proxy; a plurality Of votes shall DO
sufficient for an election and 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 If said company.
ARTICLE V.
The Pvesident.of this company is hereby consti
tuted the officer upon whom all citations shall be
ARTICLE VI
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 Ter dissolution as herein
after provided for, the affairs Of the company shall
be hquidated, its debts, and all other liabilities
paid, and the balance Of its funds if any, shall DO
divided pro rata among the stockholders under the
charge and superinteudence Of three commission
ers, 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 of the daily
papers published ia this city, to make any mOdIh-
cations. additio 8 or alterations to this present
ton with the assent 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-
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 iueorp0r-
alton, or with the laws Of tIis State They shall
appoint all the officers and employees of the-cOm-
pany and Fl their salaries TheV shall have mil
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
Zone Of the stockholders nor their successors
as such, shall be responsible or liable for anv
greater loss or damage in the said cOmparv than
the amount Of the capital stock held or owned BY
him or them respectively.
Thus done AMI 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 r.
Ducros and Joseph " Jones' competent witnesses.
me notary.
(OngiBal signed
William MeCullOeh, ST. G. Ingram.
george A. FosdicE, ). u. Todd and others,
N I DucrO5, J. ". Jones.
EDWARD BARNETT, Notary Public.
certify the foregoing TO be true copy Of the
original act extant in my current records.
Ia iaith 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 our Lord one thousand eight
hundred and seventy-tw0.
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
GGshght Company has been this day duly recorded
il nay office in Book Society No. 9, folio 776.
New Orleans, July II 1872
ivl429 q aU4 IL c. DAECAE-EL Deputy.