New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-31
CORPORATIONS,
STATE OF LOUISIANA, CITY OF NEW ORLEANS

Be it known that on this eleventh day of Ju,v IN
the year 1872, before me Ed ward Barnett a notarv
public in and for this citJ and parish OF Orleans
and sworn, personally came aud appeared the per
SONS whose names are hereunto subscribed, who
seveIally 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 thew
represent to form themselves into corporation
for the objects and under the stipuations, obliga
lions aud regulations following TO wit;
ARTICLE L
The name and title of this corporation shall be
the SOUTHERN MUTUAL GASLlGHT COMPANY,
and its dOmcile shall be established in the city of
New Orleans.
ARTICLE II.
The purpose for which this company is organized
is to purchase the patents of Byron Slipper Of New
York, and Robert NJ Potter of Jersey City pa
tented respectively on the twenty third day of
January and twenty third day OF April 1879 No
l23 O52 and No. I26 O95 and to use the same in the
States of Louisiana, Texas, Arkansas, Mississippi
Tennessee, Kentucky, Alabama, Florida GeOrpia
North Carolina and south Carolina for the purpose
OF manufacturing illuminating gas for lighting
cltes or other purposes and to use and dispose of
may think proper for the best interest of the com
panyi 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 sum OF one million dOllarR iyi red into ten
thousand shares of one hundred dollars each which
snail be 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 and no furfbsr a..
sessment 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 McCulOch
ST., Caleb S. Hunt, G. Ingram, George A. Fosdick
Samuel NJ. Todd, Gabriel de Ferret and Samuel
Barnes, and they are hereby constituted the first
Board of Directors who shall serve until their auc
CessOrs 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 thew are elected
Directors, unless sooner removed.
On the first Monday of July, 1873, and annually
thereafter there shall DE 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 PROXY; plurality of votes sha, be
sutlclent fOT 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
NIFTY shares Of the capital stock of said company
ARTICLE v.
The President of this company is hereby consti.
tuted the officer upon whom all citations shall be
served.
ARTICLE VI.
The term for which this corporation is formed
snail De twenty Give years from the date of these
presents.
At the expira ion of the term of this act Of in
corporation or at its earlier dissoutioD a. bar,;
after provided for, the affairs of the Companv shall
be Hquidated, its debts and all other Iia6i lilies
paid and the balance of its funds, if any shall be
divided pro rata among the stockholders under the
charge and superintendence 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 liqudated,
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
aIfT4 general meeting convened for that purDOse
papers puBndays' public notice in one of the deiIg
cations additions or g. city, to make any modil-
act of Incorporation, to d5d to t9iS present
ton with the assent of thFeefOurhs or uSoIPoLd
represented at such notified meeting. "A
ARTICLE TX.
The Board of Directors shall have full power to
frame and adopt such bylaws, rules and regula
tons as they may deem proper and necessary for
the company and the transaction Of its AFFAIRS
provided the same shall not be in COnfiCG with the
true intent and meaning of the act of inCOTpor
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
sOual property, movable and inmOvabe 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
as such, shall be responsible liable for any
greater loss or damage in the said company than
him or them respectively.
Thus done and passed in my office, at the city of
New Orleans aforesaid, on the day month and year
nrst above written, and III presence OF Marcel T..
DucTos and Joseph W. Jones, competent witnesses,
who sign their names with the said parties aud
me, notary.
(OugiCal signed)
william McCulloch, Sr., G. Ingram,
George A. FOsdlCk, s. NJ Todd and others,
NJ. Z. 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 seventy-twO
EDWARD BARNETT, Notary Public.
l. the undersigned Recorder of Mortgages for
this city and parish of Orleans de hereby certify
that the foregoing chatter of the southern Mutual
Gaslight Company has been this day duly recorded
in my office, IN Book Society No. 8, folio 776.
New Orleans, July II, 1872.
iyl420 q au4 b G. DARCANTEL, Deputy.