New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-20
CORPORATIONS,
CHARTER. .CRARTEEss
STATE OF LoUISIANA-PARISH OF oRLRAgs-
CITY OF EEw ORLEANS.
CRARTKRs


sTATE OF LouIsIANA-PARISH OF ORLEANS
CITY OF NEW ORLEANS
- Re ss IT known that on this third day Of Jure.
| and seventy-two, and OF the independence OF ths
! united states OF America the uinety-sixth before
for the parish of Orleans State of I6uisana dnit.
commissioned and qualified, and in the presence 81
the witnesses hereinafter named and undersigned
personally came and appeared AdOlphe Bouo6sTS
Charles VI. Conrad, Henry Dugue TristraEs T1lrngT
Charles Angelo Conrad, Robert Bruce and ~,
other persons whose names arc hereuntO sub
sCribed, who declared that availiuu thcmaelvas a.
the provisions Of the statutes Of the State Of L0us
lana Tea5iye TO the organization OF corporations 10
thtsState, they have cOvenanted and agreed and ~
these presents do covenant. agree, ana bind thor
selves 10 form themselves into. and constitute q
corporation for the objects and purposes and unfaz
the supulations, conditions and regulations Eal
lowing, to Wit:
The name and style Of the company shall he
THE BoUCHARD SEWING MACHINE MOTOR
COMPANY. Its domicile is hereby established in
the city of New Orleans, and its duration is fixed
at twenty-five years from the date of this act.
IL shall have power to contract TO sue and be
sued to acquire and own property, real and peT-
s0nal TO make and use a common seal and gensI~
ally TO do all things requisite and proper to carly
lng INTO effect the objects for which it is estao-
ARTICLE IL
The object and purpose Of this company 10 to-.
manufacture and sell, and TO dispose to others hf
the right to manufacture and sell or either in tbs
United States and elsewhere, the apparatus ma
chlneryi or motor for running or working sewing
machines invented Nv Adolphe Bouehard and aar
which two patents have been granted, dated re-
spechvely sixteenth January and seventh Nav.
1872 and numbered l22 SOP and l2644i as well -
under any other patents that may hereafter 30
issued to said BOuchard, in this country and eau.
Where, Tor any improvements therein for any.
oIAeI inventions having the same object in view.
ARTICLE III.
The capital stock Of this companv shall be orn
handreG ana hfty thousand dollars, divided into
htteen hundred shares of one hundred dOllala
each. Ofths number, twelve hundred and Fights
shares, representing one hundred and twenty eight
thousand dollars shall be distributed among the
owners of the said patents, and in proportion to
their respective interests therein as set forth IN
agreement between said owners entered iu4rs
before the undersigned notary on the thirteth
day of May, 1872 and this in consideration aud as y
to be by them transferred 10 this company. Tho
remaining two hundred and twenty shares are Ia,
to be subscribed for sold or disposed " m snS
other manner, at such times and on such terms a.
the Board of Directors shall determine for ths
benefit Of this company and as a working capital,
ARTICLE ".
The affairs of the company shall be managed hy
board consisting Of president aud four diFeB-
tors, who shall be elected annually their term az
office to commence on the first Monday of January
stituted the president and Adolphe BOuohard
Charles NJ Conrad, Henry Dugue and Rohert Buach
hAN hAHCNnlH VI luia COMPANY looming Nile AHaa
board to hold Office until the first Monday OF Jan
uary, 1873.
The president shan preside at aIl meetings Of tha.
SAID board, as well a. OF the stockholders, aud
shah In connection with the Othe members OF the
Board Of Directors, and under the restrictiObs
hereinafter imposed be the executOr Of the ahaiga
OF the company and all summons or notices, OF
other legal processes wherein the company may
be interested, shall be served upon him.
ARTICLE VI.
There shan be secretary and a treas
a tl q Tie companJ who, together with
pany, shall be chosen by the Board Of ~
reetors, WHO shall also nix the amount Of oomp0n-
sation or salaries TO be paid them provided that
no salary shall commence to run until prolific
shall be realized by the company sufficient to pay
the same; and, provided further TINT the salary q
the president shall at time be either increased
on diminished during the year for which he has
Article VII
The Board Of Directors shall have fun power 70
do and perforla an things necessary or proper to
carry into full effect the objects aud purposes Of
any law OF this State, Of the United States, on
the true meaning Of this act.
ARTICLE VIII.
The president Of the company shall, at least Rf
teen days before the expiration of his term Of o.
nee, render full and complete statement Of the
affairs, financial and otherwise, Of the company
showing the contracts made the amounts Of sales
and the profits nd losses during the mast wear the
nature and value Of all the assets of every deseriu,
ton belonging to and al the debts due by ibo
company. together with All other matters Of inter
est connected Herewith.
ARTICLE TX.
At all meetings Of stockhoIders whore a vote is
taken, each stockhOder shah be entitled to vote
either IN person or by proxy the stock held on
represented by him; provided. that no corporation
shall be entitled to vote on more than hfty and no
individual or ttrm on more than two hundred
shares. The shares voted On by husband for his
wife or a father or tutor for minors sfaii be con
fidpTFd : voted bv fhR mar ga 4ffnu
The majority Of the votes thus given Bhall prevail.
ARTICLE X
No person shall be eligible for either president OF
director who does not hold At the date Of his eles
ton and during bis term Of office aud has not hela
Tor az least ninety dave prior 70 such election %
least ten shares Of the capital stock Of the com.
pany.
ARTICLE M
No stakeholder shall be responsible for any detas
or obligations Of the company beyond the capital
stock owned BY him.
ARTICLE XII
All certificates Of stock shall be signed by the
president and secretary Of the company, and books
shall be kept open for the registry and transfer Of
Hshed by the board Transfers shall be made upuu.
said books, and signed by the holder or his alter.
plete until entered thereon. No transfer Of stock
shall be entered long as the party dcsfYiua "a
transfer the same shall be indebted 60 the com
panyi except with the consent Of the Board OF D.
rectOrs.
ARTICLE XIII
Regular semi annual meetings Of the stOckhOld-
ers shall be held on the first Monday Of June and
December Of each year, and the election for OH
GERS for the ensuing year shall take plaes at the
latter meeting.
special meeting may he called by the Presidents
at the request Of any three stockholders owning
together not less rhan one hundred shares Of tho
capital stock
ARTICLE XIV.
failure, from any cause, to elect officers at ttle
date liked herein for that purpose shalt not dissolve
the Company, bu5 the directors then in Office shall
hold over until anOther day shall have been fEasl
and the cleo ton shall nave been held. Dus u0sinn
Of this meeting vel az Of the regular meetings.
shall be given by publication iu two OF the city %
pers.
ARTICLE XIV.
Minutes Of tie proceedings Of an needing.
either OF he Board Of Directors or Of the stock
holders SHAH be kept aud entered ia books for thht
purpose, which shall a. all tirGes during busines
hours Of busiDess days be open 10 the examination
Of any stOckhOlGer.
Article XVI
No meeting Of stockholders shall be held between
July AID HOvemner -s ofeach year, or during tho
existence Of any Epidemic, unless az least three
tOUrth5 of the capital stock voted under thB re-
strictiOGs Of article TX shall bs represented
thereGt