New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-24
CORPORATIONS,


/ o .
STATE OF LOUISIANA, CITY OF NEW ORLEANS.
Be it known that on this eleventh day of JuIv. in
the year l812, before me- Edward Barnett, a notary
pusIC 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 hereuntO subscribed Who
se7e ally declared that, availing themselves of the
provisions of the statutes of the state 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 they
represent to form themselves into corporation
for the objects and under the stipuatiOus oyliga.
tons and regulations following, to wit;
ARTICLE I.
The name and title OF this corporation shall be
the SOUTHERN MUTUAL GASLIGHT COMPANY
and It's domcIle shall be established in the city of
ARTICLE IT,
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 twenty third day of
January and twenty third day OF April, 1872 No.
l25 O0R and No l26,O98, and to 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
Cltes or other purposes and to use and dispose OF
their nigh S 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
patents and use the same, other process to
carry out the objects of this corporation.
ARTICLE III.
The capital stock of this company ia hereby 9xed
at the sum of one million dollars divi ed into ten
Thousand shares of one hundred dollars each which
shall be assessed at twenty per centum, to be paid
when said assessment shall be paid the said stock
shall be considered full paid and no further as.
sesSmeut shall be made thereon.
ARTICLE "
The business of he company shall be conducted
by board of seven Directors composed of the fol
lowing stockholders. to William
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
bOaIu OF Directors, who shall serve until their sue
ce5sOTs are qualified
They shall, at their first meeting, elect from their
number President and Vice Pres dent, 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 an election for Directors.
Each stOckhOlder shall be entitled to Ole 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 stoCkhoIdrT 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
htty shaits 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
ARTICLE VI.
The term for which this corporation is formed
shan DE twenty-five years from the date Of these
ARTICLE VII
At the expiration of the term of This act of in
or at its earlier dissolution as herein.
after provided for the affairs of the company shall
De IllGllattdt its debts and all other liabilities
pau ana the balance Of its finds, il any shall be
divided pro rata among the stOck hOIders under the
charge and superintendent of three commission
ers, to be appointed by the Board of DirectoIs
who shall continue to act until the business If he
company shall be entirely closed and iquidated
ana H. case Of the death Of either one or wO of
lheh' lAtu the survivors or survivor shall act.
ARTICLE VIII.
The said corporation shall have full power at
any general meeting convened for that purpose
a1tcr thirty days public notice in of the daily
cations. aoditiO alterations to this present
8Ct OF Incorporation to dIssUl said CORPORA
ton with the assent of threeOurths Of the stock
represented 1T such notified meeting
ARTICLE tx.
The Board Of Directors shall have fun power to
frame and adopt such bylaws rules and regula-
ions DIS they may deem proper aud necessary for
me company and the transaction Of It's affairs;
provided the shall not be in conflict with the
Iue intent and meaning OF the act Of iucOrpOr-
ltiOn or with the laws Of ibis Stale. They shall !
appoint all the officers and empiOge5 Of the com.
9auT and H. their salaries. They shall have full |
iOU-r and authority to sell and buv real and par.
Onal property, movable and imm0?abie, to make
contracts leases, mortgages pledges and com |
Promises for aud on behalf Of said company as its
interests may require.
ARTICLE x.
None Of the stockholders nor their SUCCESSORS
IS SUCH shall be responsible or liable for any
rreater loss or damage in the said company than
he aM6unt Of the capital stock held or owned bv |
i'm or them respectively.
Thus do and passed in nv Office at the cftv of |
6W Orleans aforesaid, on the day, month and year
Est above written, and in presence Of Marcel T.
ueTos and Joseph ". Jones, competent witnesses,
10 s'gl their names with the said parties and
o., notary.
iOrEHai signed
VILLAIN NcCullOCh Sr. g. Ingram
+ org A. FOsdiCk, s. NJ Todd and Others,
/ T. DLCrO5, J. ". Jones.
EDWARD BARNETT. Notary Public
certify the foregoing to be true copy OF tie
] gtual act eXtaHt in my current records.
In faith whereof. grant these presents under /
ny signature, and the impress Of my seal Of Office /
I the city of New Orleans, on this twelfth dty of
uly, in the year Of our Lord one thousand eight
UudTed and seventy-twO.
EDWARD BARNETT, Notary Public.
I, the undersigned, Recorder Of MORTGAGES for
his city and parish Of Orleans do hereby c,rtify
bat the foregoing charter Of tile Southern Mutual
ashSht Company has been this dav dulr recorded |
my Office in Book Society No. g. folio 20
New Orleans, July T. 1872
u y @srrs