New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-14

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, q 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
sons whose names are hereunto subscribed, who
severally 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
represent, TO form themselves into corporation
for the objects and under the stpulatOus, obliga
tons and regulations following, to vii.
ARTICLE l.
The name and title of this corporation shall be
the SOUTHERN MUTUAL GASLIGHL COMPANY.
and Its dOmiCite shall be established in the city of
ARTICLE II.
The purpose for which this company is organized
Is to purchase the patents Of Byron Sloper of New
York, and Robert NJ Potter, of Jersey City. pa
tented respectively on the tYenty.thrd day of
January and twenty third day of April, 1872, No.
l23O52 and No. l26 O98 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
of manufacturing Illuminating gas for fighting
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
Pany; they shall have the right to purchase other
carry out the objects Of this corporation.
ARTICLE III.
The capital stock of this company is hereby xed
at the sum of one million dollars, divided into ten
thousand shares of one hundred dollars each, which
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 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 fol.
lowing stockholders, to wit: William McCuloch.
ST., Caleb 5. 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 shaR serve until their sue
cessOrs are qualified.
They shall, at their first meeting elect from their
number a 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 stOClkhOlder 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 stakeholder shall
vote more than one Thousand shares.
No one shall be eligible to the position of Di-
rector who does not hold in his own name at least
fifty shares Of the capital stock of said company,
ARTICLE V.
The President of this company is hereby c0nsti.
tuted the officer 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. -
At the expiration of the term of this act of in,
corporation, at its earlier dissolution herein.
after Ovided for the affairs of the company shall
| be hquidated its debts and all other liabilities
paid, and the balance Of its funds if any shal! 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 liquidated
| aud in case of the death of either or two OF
/ them. then the survivors Slall 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 mOdh
| cations additions or alterations to this present
| act of incorporation, or to dissolve said corpora
ton with the assent of threefOurths OF the stock
! represented at such notified meeting.
ARTICLE TX
The Board of Directors shall have fun power to
| frame and adopt such bylaws, rules and Tegula-
| lions they may deem proper and necessary for
| the company and the Transaction of it's affairs.
| provided the shall not be in conflict with the
| true intent and meaning of the act of incOrpor-
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
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 Y.
| None of the stockholders nor their successors
| as such, shall be responsible OF liable Tor any
greater loss or damage in the said company than
the amount of the capital stock held or owned by
! him or them respectively.
Thus done and passed III my Office at the city of
New Orleans aforesaid, the day, month and wear
first above written, and in presence of Marcel T.
| DuCrOs and Joseph W. Jones' competent witnesses.
| who sign their names with the said parties aud
/ me, notary.
| (Origina signed)
| William McCulloCh, Sr., G. Ingram,
| George A. FOsdIck s. NJ. Todd and others
! NJ. T. DuCrOs, 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
! July, in the year OF Lord one thousand eight
hundred and seyenty-twO.
| EDWARD BARNETT, Notary Public.
l., the undersigned, Recorder of Mortgages for
| ths city and parish Of Orleans dc hereby certify
that the foregoing charter of the Southern Mutual
! Gaslight Company has been this day duly recorded
| i'll my Office in Book Society No. 8, folio no.
| New Orleans, July II, 1872
| lyl420 q au4 Is G. DARCAETEL, Deputy.