New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-13

STATE OF LOUISIANA, CITY OF NEW ORLEANS
Be it known that on this eleventh day of JuIv =,
the year 1872. before me, Edward Barnett po+ a+
public in and for this city and parish of OrIearg
state OF Louisiana aforesaid, duly commissioner
and sworn, personally came and appeared the nsT
sons whose names are hereuntO subscribed W.
seveTaly declared that, awaiting themselves Of ia
provisions of the statutes of the State of LOusa
relative 10 the organization of corporations ia tb
State, they have agreed, aud by these presents ~
agree and bind themselves and those whom 49,
represent, to form themselves into cerp0rafteS
for the objects and under the stipulations obliGa
tons and regulations following, to wit:
ARTICLE
The name and title of this corporation shs1 \,
the SOUTHERN MUTUAL GASLIGHT CONE SWT5l we %
and its domicile shall be established in the Cty Of
New Orleans. u
The purpose for which this company isorra-,,a,
is to purchase the patents of Byron Sioper of w
York and Robert NJ Potter, of Jersey Citv y"
tented respectively on the twenty.thir1 javFF
January and twenty third day OF April 1875 Nc
1913 052 and No. l26 O98. and to use the same in ~
States OF Louisiana Texas Arkansas, Mississippi
Tennessee Kentucky, Alabama, Florida Georgia,
North Carolina and South Carolina for the rrry1sI
of manufacturing Illuminating gas for fqItfrS
cities or other purposes, and to and dispose If
their rights i'll any manner the Board of Directors
may think proper for the best interest Of the con-
pany; they shall have the right to purchase otba-
patents and use the same, other process to
carry out the objects of this corporation.
ARTICLE III
The capital stock of this company is berebv eva,.
at the sum of one milhOR dollars, divided INTO fem
thousand shares of one hundred dollars each which
shall be assessed at twenty per centun to he 1,ait
for / Il ready money at the time of subscribing and
when said assessment shall be paid the said stock
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 to-
lowing stockholders, to wit: William McCulluch
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 sue
CessOrs are qualified.
They shall at their first meeting, elect from their
number President and Vice President, who shah
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 vTe
for each ehare held by him. and may vote either in
person or by proxy; plurality Of votes shat be
sufficient for an election, and no stakeholder shall
vote more than one thousand shares.
No enc shall be eligible to the position Of a pi-
rector who does not hold in his own name at least
htty 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.
The term for which this corporation is formed
A4t " INNA' JCthAo ALVlu VIC uftt6 Ol* tLCSo
presents.
ARTICLE VII
At the expiration of .the term of this act Of in
corporation or at it's earlier dissolution as hereiu
after provided for, the affairs OF the company shall
be lBquidated, its debts and all other liabilities
paid, and the balance of its funds if anv shall he
divided pro rata among the stockholders under the
charge and superintendent of three commission
ers, to be appointed by the Board of Directors
company shall be entirely closed and liquidated
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 modIti-
cations additions or alterations to this present
act Of Incorporation to dissolve said corpora.
ton with the assent Of three-fouIths OF tie stock
at such notified meeting
ARTICLE *.
The Board Of Directors shall have fun power to
frame and adopt such bylaws, rules and regula-
tons as they may deem proper and nt cessaTy for
the company and the transaction of its affairs;
provided the same shall not be in conflict with the
tIl6 intent and meaning Of the act of inCOrpor-
alton, or with the laws of this State. They shall
appoint al the officers and employees OF the com.
panyt aud Tx their salaries. They shah have.fu1
power and authority to sell and buy real and per-
sOnaI property, movable and immOVable. to make
contracts, leases, mortgages, pledges and com
promises for and on behalf of said COMPANY as itg
interests may require.
ARTICLE X.
None Of the stockholders, nor their successors
as such, shall be responsible or liable for any
greater loss or damage in the said company than
the amount Of the capital stock held OF owned by
him or them respectively.
Thus done and passed in my office, at the city OF
New Orleans aforesaid. on the day, month and year
lrst above written, and in presence of Marcel T.
DucrOs and Joseph W. Jones, competent witnesses,
VINO sign their names with the said parties and
me, notary
(OIEiEal sigDed.)
William McCullOch Sr,, 6. Ingram,
George a fosdlck, $. 81 Todd and others,
II. 7. DuCTos, JW Jones
EDWARD BARNETT, Notary Pubic
certify the foregoing to be a true copy OF the
original act eXtant in my current records.
i'll faith whereof, grant these presents under
N.Y. Signature and the impress of my seal Of oa.ce
II the city OF New Orleans, on this twelfth day of
iHly, in the year of our Lord one thousand tig6t
hundred and seventy-twO.
EDWARD BARNETT, Notary Public.
l, the undersigned, Recorder of Mortgages for
ms city and parish of Orleans, do hereby certify
nat the foregoing charter Of the Southern MutuaI
5ashght Company has been this day duly recorded
Il my office in Book Society No. 9, folio TIC
New Orleans, July II, 1872.
jyl42Q27 Is G. DARCAETEL, Deputy.