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

CHARTER".....:...............CH CHARTER.
STATE OF LOUISIANA. CITY OF NEW ORLEANS.
Be it known that on this eleventh day of july II,
Ine year Ioiz before me, Edward Barnett notary
pusHe II 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 hereuIt0 subscribed, who
seVeTay declared that, availing themselves of the
provisions of the statutes of the State of Louisiana
relative toShe organization of corporations in this
state, they have agreed, and by these presents do
agree and bind themselves and those whom theV
represent to form themselves into a corporafiO1
for the objects and under the stipulations obliga-
tlons and regulations following, to wit
ARTICLE l.
The name and title of this corporation shall ba
the SOUTHERN MUTUAL GASLIGHT COMPANY,
New Orleans.
The purpose for which this company is organized
York; and Robert NJ. Potter, Of Jersey City. na.
tented respectively on the twenty third day of
January and twenty third day of April, 1872 No
rs O03 and No l26098, and to the same in the
States of Louisiana, Texas Arkansas MississiDDi
Tennessee, Kentucky, Alabama, Florida, Georgia
North Carolina and South CafOlina for the purpose
OF manufacturing Illuminating gas for 1ighting
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 fine com
panyi they shan have the right to purchase other
patents ana use the same, other DrDcess to
carry out the objects Of this corporation.
ARTICLE III.
The capital stock of this eompany ia berebv fxa7
at the sum of one milliOa dollars, divided into fen
thousand shares of one hundred dollars each which
shall be assessed at twenty per eentum to be paid
for in ready money at the time of subscribine. and
when said assessment shall be paid the said stock
Shall DC considered full paid, and no further as
ses5ment shall be made thereon.
ARTICLE ".
The bus1nass Of tho oor,,,,,,- -
by board of seven Directors composed of the fol-
lowing stockholders, to wit. William McCjuIocbs
ST., Caleb 3. Hunt, 9. Ingram, George A. FOsdicHtF
Samuel NJ Todd, Gabriel de Ferret and Samne}
Barnes and they are hereby constituted the first
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 be held at the Office of the
company an election for Directors
E2eh stockhQlder 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 a Di.
rector who does not hold in his own name at least
nlty shaies OF the capital stock Of said company
ARTICLE Y.
The President of this company Is hereby eonsti
Iuted the ofhcer upon whom all citations shall be
ARTICLE VI
The term for which this corporation is FORMED
snan De 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 herea-
IVer provided for, the affairs Of the company shall
De lquidated, its debts and all other liabilities
paid and the balance Of its funds il any shall he
oiVlded pro rata among the stockholders under the
CuafSe ana superintendence of three commission.
ers, TO be appointed BY the Board of DirectoTa
VINO shall continue to act until the business Of tbe
5 "a snal5 Pc entirely closed and liquidated
ana IN case OF the death Of either one or two oil
'ueu' IHen the survivors or survivor shall act.
ARTICLE VIII
Inc said corporation shall have full power at
any general meeting convened for that purDose
after thirty days public notice in one OF fbe SaiI
papers published in this city to make anT TooJg
cations additions OF alterations to this present
aG a Of incorporation or to dissolve said corpora
represented at such notified meeting.
ARTICLE TX
The Board Of Directors shall have fuIf y,o7rsr e.
frame and adopt such bylaws, rules and rs0uIs
ions as they may deem proper and necessaT1 for
me company and the transaction of its affairs.
provided the same shall not be 10 conflict with the
rue intent and meaning of the act of fneornor
,tlon, OF with the laws Of this State. They shall
iPpolnt All the officers and employees Of the com
'auy, and fix their salaries. They shall have fuII
'oWer ana authority to sell and buy real and per
OhaI property, movable and immOvable to make
contracts, leases, mortgages, pledges and CON-
promises for and on behalf Of said company as fts
--e~ANoL0 L1ftJ require
ARTICLE X
None Of the stockholders, nor their successors
. SUCH, shall be responsible or liable for am
,feaJer loss or damage in the said cOmpany tbaI
ne aneent OF the capital stock held or owned BY
nm OF them respectively, ON "
Ih1s Gone and passed in my Office at the CITY of
'eW OIIeahs aforesaid, on the day. month and YEAR
,I5J ABOVE written, and in presence Of MARCH, r.
'qcros and Joseph W. Jones' eomTefsnt yS5t,essss
ne, notary. 'Au A'i0S anu
(or1ginaI signed.)
VILLAIN McCullOch Sr q Tngrau
4 ~ ~ q q. EOsdlck, s. N. Todd and others
l. l. DueIO5, J. w. Jones.
Ut. EDWARD BARNETT, Notary Public
! certify tPs foregoing TO be a true copy OF the
i IIglnal 9es extant in my current records.
n , I'm whereof grant these presents under
y ish4tufe, and the impress Of mysseal Of Office
: me CITY OF New Orleans, On this twelfth day Of
ny, IN the year Of our Lord one thousand efpbt
lndred and 5eyentF-tyO.
EDWARD BARNETT, Notary Public,
i, the undersigned Recorder Of Mortgagss for
lis city and parish Of Orleans, de hereby eeTtiS1
lat the foregoing charter Of the Southern Mutual
ashght Company has been this dav duly Recorded
my Office, in Book Society No folio ~ ~9N