New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-30
CORPORATIONS.
QUARTER. CHARTER.
STATE OF LOUISIANA, CITY OF NEW ORLEANS.
CHARTER.

the year 1872. before me, Edward Barnett, notary
State of Louisiana aforesaid, duly commissioned
and sworn, personally came and appeared the per
SONS whose names are hereuntO subscribed, who
seve,ally declared that awaiting themselves of the
provisions of the statutes of the State of Louisiana
relative to the organisation 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 = corporation
for the objects and under the stipulatiOns, Oblisa
tons and regulations following, to wit
ARTICLE
The name and title of this corporation shall be
the SOuTHERN MUTUAL GASLIGHI COMPANY,
and its dOmcils shall be established in the city of
''" - ''' ARTICLE H.
The purpose for which this company is organic
is to purchase the patents Of Byron SlOper of New
York, and Robert NJ, Potter of Jersey City, pa.
tented respectively on the twentythird day of
January and twenty third day OF Aprd, 1872 No.
l3 052 and No. l26 O98, and to 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 other purposes and to use and dispose OF
their rig 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 III.
The capital stock of this company is hereby fixed
at the of one milliOa dollars divi ed into ten
thousand shares of one hundred dollars each which
shall be assessed at twenty per centum to be paid
for ready money at The time of subscribing and
when said assessment shall be paid the said ock
shall be considered full paid aud no further as
sessment shall be made thereon.
ARTICLE w.
| The business of tho company shall be conducted
| by board of Directors composed of the fol-
| lowing stockholders to wit William MCCullOCh
| ST.. Caleb S. Hunt, G. Ingram, George A. FOsdick
| Samuel N. Todd, Gabriel de Ferret and Samuel
Barnes and they are hereby constituted the first
Board of Directors, who shall serve until their sue
| cessOTs are qualified
They shall at their first meeting elect from their
| number President and Vice President, who shall
held office for the term for which they are elected
| Direct Ors, 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.
| Zach stOckhOldeT shall be entitled to one vote
for each share held by him, and may vote either in
| person or by proxy; plurality of votes shall be
| sufficient for an election and no stOckhOlder shall
| vote more than one Thousand shares.
No one shall be eligible to the position OF D
rector who does not hold in his own name at least
fifty shares of the capital stock VI said company.
ARTICLE v
The President of this company is hereby consti.
tuted the oE1eer 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 ,,rrrr, wv,
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 hquidated, its debts and all other liab tiles
paid and the balance of its funds il any, shall be
divided pro rata among the stock holders under the
charge and superintendent 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 liquidated
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 al
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 mOdlh
cations. addltlO IS or alterations to this present
act of Incorporation, to dissolve said corpora
ton with the assent of threefOurths OF the stoeH
represented at such notified meeting
ARTICLE TX.
The Board of Directors shall have full power t
frame and adopt such bylaws rules and Rsgula
lions as they may deem proper and ne cessary 70
the company and the transaction of its affairs
provided the same shall not be in conflict with tn
Grue intent and meaning of the act of iucOrpOl
| alton or with the laws Of this State They sinai
appoint all the officers and employees of the com
pany, and fl their salaries. They shall have fu
power and authority to sell and buy real and per
sOnal property, movable and immOvable to max
contracts, leases mortgages, pledges and com
promises for and on behalf Of said company as it
Interests may require.
ARTICLE X
None of the stockholders nor their successor
) as such, shall be responsible or liable for an,
greater loss OF damage in the said company thai
tie amount Of the capital stock held or owned b
q him or them respectively
Thus doae and passed in my Office at the city q
| New orleans aforesaid, on the day, month and Yea
. first above written, and in presence of Marcel I
. Ducros and Joseph w. Jones, competent wttuesse
who sign their names with the said parties an
me, notary.
Original signed
| William MCCullOCh, ST., g. Ingram,
| George A. FOsdIck s. NJ. Todd and others,
| ~ 7. DucrOs, J. W. Jones.
EDWARD BARNETT, Notary Public.
certify the foregoing TO be true copy of til
= | original act eXtant in my current records
In faith whereof, grant these presents undo
my signature and the impress OF my seal Of ONO
- July, in the " ar of our Lord one thousand eigl
| hundred and seventytwO.
EDWAkD BARNETT, Notary Public
!. T. the undersigned, Re cOrder Of Mortgages f
this city and parish Of Orleans, de hereby Certii
that the foregoing charter Of the Southern Mutu
q Gaslight Company has been this day duly recOrde
= in my Office, in Book Society No 8, folio 776.
q ! New Orleans, July II 1872
IvI42O q au4 I3 @. DARCANTEL, Deputy