New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-23
CORPORATIONS.
CHARTER .''''''.''.'''''''''',CH CHARTER
STATF OF LOTrTSIANA. CITY OF NEW ORLEANS.
CHARTER,

STATE OF LOUISIANA, CITY OF NEW ORLEANS.
Be it known that on this eleventh day of July, in
the year 1872, before NE, Edward Barnett, notary
public in and for this city and parish OF Orleans,
State of Louisiana aforesaid, duly commissioned
and sworn, personally came and appeared the per
sOHs whose names are heTeuutO subscribed who
seveIally declared that avaling themselves OF the
provisions of the statutes Of the State of Louisiana
relative 10 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 ana under the stpulatiCns, Oblga-
tons and regulations following, to vii:
ARTICLE I.
The name and title Of this corporation shall be
the SOUTHERN MUTUAL GASLIGHT COMPANY,
and its domcAe shall be established IN the city Of
New Orleans.
The purpose for which this company is organ zed
is to purchase the patents Of Byron SlopeT of New
York, and Robert NJ. Potter, OF Jersey City. pa.
tented respectively on the tw6nty-thild day OF
January and twenty third day OF april, 1872 No.
l23 052 and No. l26c93 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
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
patents and tie 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 dol ars DIVIDED into ten
thousand shares Of one Hundred dollars each, which
shall be assessed at twenty per ceutum, to be paid
for IL ready money at the time Of subscribing, and
shall be considered fun 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
loving stockholders, 10 wit: William McCullOch,
ST., Caleb $. Hunt G. Ingram, George a. FOsdick,
Samuel VI. Todd, Gabriel de Ferret and Samuel
Barnes, and they are hereby constituted the first
EOard 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
Directors, unless sooner removed.
On the first Monday Of july, 1873. and annually
thereafter. there shall be held at the office of the
company election for Directors.
Each stakeholder shah be entitled TO one vote
for each share held by him, and may vote either il
person or by proxy; a plurality OF votes shall be
sufficient for election and no stakeholder shall
vote more than one thousand shares.
No one shall be eligible 10 the position Of a Di-
rector who does not hold il his own name at least
nifty shares OF the capital stock q said company
ARTICLE V.
The President Of this company IS hereby consti.
tuted the officer upon whom al citations shall be
ARTICLE VI
The term for which this corporation is formed
shan be twenty-five years from the date Of these
ARTICLE VII.
- 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 lqudated its debts and all other liahilittes
paid, and the balance Of its funds if any shall be
divided pro rata among the stockholders under +le
charge and sUperintendenee Of three con1uissioT
eTs, to be appointed by the Board OF Directors
who shall continue to act until the business of lie
company shall be entirely closed and lfquidated
and IN case OF the death Of either one or two OF
tLem5 then the survivors OF survivor shall act
ARTICLE VIII.
The said corporation shall have fun power AT
any general meeting convened for that purpose
papers published in this city, to make anV nod1fF
cations additions OF alterations to this present
ton with the assent Of three-1ourths OF the stock
represented at such notified meeting.
ARTICLE *.
The Board OF Directors shall have f,O 7,oyrar 20
.t lane anu ADOPT Such bylaws rules and regIla-
IONS as Jhey may deem proper and necessary for
the company and the Transaction Of ifs . tfaiTs.
PROVIDED the same shall not be i'll confic5 with tTe
IHe intent ana meaning of the act of iucOrper-
alton, or with the laws Of this State Tbey I'm
appoint all the officers and employees of fhe com.
pany, and fix their salaries THEW shah baIe An
power and authority to sen and b1y real 70 lLI
sOnal property, movable and immOVabIe 70 ~
oomIit@Cts; leases, mortgages, pledges and con-
interests nay require. 80
ARTICLE <.
none OF the stockholders, nor their successors
as sLch, shan be responsible or liable for aTT
Ia
The amount Of the capital stock Held or o1y Len
nm or them respectively. 'N'~ "
Thus done and passed in nv office Of +I,o .of. -
New Orleans aforesaid on the dav month and e al
cr"s 9o 95 T yd and in presence Of Marcel T.
No ,i e M o0sepn W. Jones competent witnesses
me, notary. Sou parties ana
Original signed)
William McCUlOch ST., G Trorar,
George A. FOsdick s NJ 5T@Sr%I5i o,,s 49,
NJ. I. DUcrOs. ! U 1 OUu e'lu O1LtI5,
Icertifv The aD eora BARNETT Notary Public
!i!y me foregoing TO be true copy of the
VI . 1t "a &c. %cI e1tant IN my current records
=, LalI4 whereof, grant these presents undar
ny Signature and the impress Of nv seal Of ofce
4 tHe clIy OF New Orleans, on this twelfth dav of
hundred and seventv-two, ~ -'o'-'''LiU e-SLt
EDWARD BARNETT, Notary Public.
- !, IAe undersigned Recorder Of MORTGAGES for
tat Ky anu parish OF Orleans, do hereby Certify
GasLght Company has been this dav duIv TecGrd@a
III Ny Wy once IN BOOK Society No. g. folio no
JYI4 20 p au4 10 C. DAPCAN -77uT ~.