New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-14


CHARTER".....................C CHARTER.
STATE OF LOUISIANA, CITY OF new ORLEANS.
Be it known that on this eleventh day of Jrlv. IN
the year 1872 before me, Edward Barnett notary
public IN and for this city and parish of Orleans
State of Louisiana aforesaid, duly commissioned
ana sworn, personally came and appeared the per-
sons whose names are hereuntO subscribed Who
seve ally declared that, awaiting themselyea Of the
provisions Of the statutes Of the State Of Louisiana
relative to the organization OF corporations ia this
State they have agreed, ana by these presents do
agree and bind themselves and those whom they
represent to form themselves into q corporation
for the objects and under the stipulations oblga-
tons and regulations following, to wit;
ARTICLE L
The name and title Of this corporation shall be
the SOUTHERN MUTUAL GASLIGHT COMPANY,
and its douicie shall be established in the city Of
New Orleans.
ARTICLE H.
The purpose for which this company is organized
is to purchase the patents Of Byron sioper 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.
l23 052 aud No. l26098. aud to the same ia tho
States Of Louisiana, Texas Arkansas, Mississippi,
Tennessee, Kentucky, Alabama, Florida, Georgia,
North Carolina and South Carolina for the purpose
of manufac turing Illuminating gas for lighting
cities or other purposes and to use and dispesD OF
their 1ighis in any manner the Board Of Directors
may think proper for the best interest Of the COM
panyl they shall have the right to purchase other
patents and use the same, or other process, to
carry out the objects Of this corporation.
ARTICLE Ill.,
The capital stock Of this company is hereby fixed
at the sum Of 0ae milliOa dollars, diviled into ten
thousand shares Of one hundred dollars EACH which
snail De assessee ny tMsns8 PEI eehtnn ~ 1e pau
when said assessment shall be paid the said stock
shall be eousldered fun paid, and no further
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 MoCullOch
ST., Caleb 5, Hunt, @; Ingram, George A. Fosdick,
Samuel d. Todd, Gabriel do Ferret and Samuel
Barnes, and they are hereby constituted the hrst
Board Of Direetors 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, 1879, and annually
thereafter there shall be held at the Office of the
company an election for Directors.
Each stOckholder shall be entitled to one vote
for each SHARE held by him, and may vote either in
person OF. by proAyi plurality Of votes shall be
sufficient for an election, and no stOckh0der shall
vote more than one Thousand shares.
No one shall be eligible to the position OF a De
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 e hereby .constt
ARTICLE W.
The term for which this corporation is formed
shall betwenty-fve 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 az herein
after provided for the affairs Of the company shalt
be liQudated, its debts and all other liabilities
paid, and the balance Of its funds II any shall DO
rata among the stockholders ander the
charge and superintendent Of three commission
ers, TO BE appointedsby the Board Of Directors,
who shall continue TO act until the business Of the
company shall be entirely closed and liquidated,
aud hz case Of the death Of either one or two OF
them, then the survivors on survivor shall act.
ARTICLE vITI.
The said cOrpol alton shall have ftlll power at
any general meeting convened for that purpose
after thirty days public notice In one Of the daily
papers published IN this city, 20 make any modid-
cations. aGditio or alterations 70 this present
act Of Incorporation, or to dissolve said corpora
ton with the assent Of three-iOurths Of the stock
at such notified meeting.
ARTICLE TX
The Board Of Directors shall have fun power to
frame and adopt such bylaws rules and regtll-
tiOHs as they may deem proper and NECESSARY for
the COMPANY and the Transaction Of its affairs
provided tile same shall not be ia conflict with the
true intent and meaning Of the act Of incOrp0r-
alton, OF with the laws Of this State. They shall
appoint all the officers and employees Of the com
power and authority TO sell and buy real and per-
soual property, movable and immOvable, to make
contracts leases mortgages, Pledges aud CON-
promises for and behalf OF said company as It's
interests Bay require.
ARTICLE X
Zone Of the stockholders, nor their suceessors
as such, shah be responsible or liable for any
greater loss or damage is the said company than
the ametnt Of the capital stock held or owned by
him or them respectively.
Thus dOue and passed in my Office, at the city Of
New Orleans aforesaid, on the day, month and wear
first above written, and IN presence Of Marcel r.
DucIOs and Joseph W Jones, competent witnesses,
who sign their names with the said parties and
me. notary
Original sgned)
william McCuloch, ST., O. Ingram,
George A. Fosdiek, s. ii, Todd and others,
~ 4. DuerOz ). W. Jones.
EDWARD BARNETT. Notary Public
! certify lie foregoing 70 be q true copy Of Tho
original act e1tant IN my current records
I1 faith whereof grant these presents under
my signature and the Impress Of my seal Of Office
az the city Of New Orieaus, this twelfth day OF
July, IN the ytar Of our Lord one Thousand eight
hundred and seventy-tWO.
EDWARD BARNETT, Notary Public
l. the undersigned, Recorder Of Mortgages ~
this city and parish Of Orleans, de hereby certify
that the foregoing charter Of the Southern Mutual
Gaslght Company has been this day duly Ted