New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-06
CORPORATIONS.
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 a 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.
sORs whose names. are hereunto subscribed, who
seveIay declared that, availing 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
agree and bind themselves and those whom thew
70 TOWN, +bap,sa1vyaa i,to
for the objects and under the stipuations, obliga
lions and regulations following to wit:
ARTICLE l.
The name and title of this corporation shall be
and its domicile shall be established in the city Of
New Orleans. -
The purpose for which this com pany 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 twenty third day of
January and twenty third day of April 1872 No
1913 052 and No. $685. and to use the same in the
States of louisiana Texas Arkansas MississibDi
Tennessee, Kentucky Alabama sFlorida 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 rig hts M any manner the Board of Directors
may think proper for the best interest of the com.
panyi they shall have the right to purchase other
patents aud use the same, or other process to
carry out the objects Of this corporation.
ARTICLE III.
The capital stock of this company is hereby fixed
thousand shares of one hundred dollars each, which
shall be assessed at twenty per ceutum to be paid
for III 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
Oy board OF seven Directors composed of the fol
lowing stockholders to wit: William McCuIoch
Sr., 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.
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 helq at the Office Of the
company an election for Directors.
Each stakeholder 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 election and no sOckholdeT shall
vote more than one Thousand shares.
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 consti.
tuted the officer upon whom all citations shall be
served.
The term for which this corporation is formed
presents.
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 Hquidated, its debts and ali other Iiabiities
paid, and the balance of its funds if any 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
who shall continue to act until the business of the
company shall be entirely closed and lfqudated
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 puD1Shed IN this city, to make any modlt-
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 full power to
frame and adopt such bylaws, rules and reguIa,
IONS as they may deem proper and necessary for
the company and the transaction Of its afaiTg.
provided the same shall not be in eon6icE with tLs
otue intent ana mtannS Of the act Of incorpor-
alOn, OF with the laws Of this State. They shall
appoint all the officers and employees Of ths com.
paQy and hx their salaries. They shall have fuIl
sonal property, movable and immoyable 10 make
contracts leases, mortgages pledges and com
promises for and on behalf Of said company as its
interests may require.
ARTICLE X.
None Of the stockholders, nor their successors
as SUCH shall be responsible or liable for anv
greater loss or damage in the said COMPANY than
ne amount Of the capital stock held or o1-y.d bz
Elm or them respectively. y
vi Ia i1ohe ana passed III my office, at the city Of
aeW orleans aforesaid, on the day month and year
hrst above written, and in presence Of Marcel r.
DGcTos and Joseph ". Jones, competent Witnesses
VINO sign their names with the said parties and
me, notary.
Original signed)
william McCullOch ST.. g. Ingram
George A. Fosdlck, g. N. Todd and others
NJ 7. Ducros, j. W. tones
,,.c ,HDN ARD BARNETT. Notary Public
celtily the foregoing to be q true COpv Of the
1Ilsina. act eXtant in my current records
IN iaith whereof grant these presents under
Ply signature, and the impress of my seal of Office
~ me city OF New Orleans, this twelfth dav of
Iuly, il the year Of our Lord one Thousand ei,I,t
hundred and sgventy-tWo. %
EDWARD BARNETT Notary Public.
/, the undersigned, Recorder Of Mortgagas 70
hs cry and parish of Orleans do hereby certif
nat the foregoing charter Of the Southern Mutu,
JaonsnS n, Comp any has been this day duly record
New OIleans. JulY Y ND ~.