New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-03


and sworn, personally came and appeared the per
sons whose names are herBuntO subscribed who
seveIaly declared that, awaiting 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 they
represent, to form Themselves into corporation
for the objects and under the stipulatiOns Obliga-
tons and regulations following, to wit:
ARTICLE t.
The name and title of this corporation shall be
the SOUTHERN MUTUAL GASLIGHT COMPANY,
and its domicie shall be established in the city of
ARTICLE II.
The purpose for which this company is organized
is TO purchase the patents of Byron SOper, 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.
- ooZ ana no, o9S ana TO use the same in the
States OF Louisiana Texas, Arkansas, Mississippi,
Tennessee, Kentucky, Alabama, Florida Georgia
North Carolina and South Carolina, for the purpose
OF manutacturlng Illuminating gas for lighting
cities 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 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 Ill
The capital stock of this company is hereby fxed
at the sum of one milliOa dollars, divided into ten
Thousand sharesO one hundred dollars each, which
shall be assessed at twenty per centum to be paid
for III ready money at the timeo subscribing. and
Shall be considered fun paid, and no. further as
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 McCui1ocb
Sr Caleb 5. Hunt g. Ingram George A. Fnsdick
Samuel NJ Todd Gabriel de- FeTlef and SaSnTn}
Barnes, and they are hereby constituted the first
Board OF directors, who shall serve until their sue
CessOrs are qualified.
They shall, at their first meeting elect from their
mum Der President and Vice President, who shall
held once for the term for which they are elected
Directors, unless sooner removed.
- On GRe HrsI mOnqaY OF July, 1875 and annually
thereafter, there shall be held at the office OF the
company an election for Directors
Each stakeholder shall be entitled TO one vote
LOT each share held by him. and may vote either in
person or by proxy plurality of votes shall be
sufficient for an election, and stakeholder shall
vote more than one thousand shares
No one shall be eligible to the positions of a Di-
rector who does nOthOld in his own name AT least
fifty shares Of the capital stock of said company
ARTICLEv.
The President of this company is hereby copsti
tuted the officer upon whom all citations shall be
ARTICLE VI
The term for which this corporation is formed
snail be twenty-five years from the date Of these
presents.
ARTICLE VII.
At the expira ion of the term of this act of in.
corporation, at its earlier dissolution "a berejI
after provided for, the affairs of the company shall
DC llqudated, its debts and all other liza iIitips
Palai ana the balance Of its funds If any, shall be
divided pro rata among the stockholders under the
charge and superintendence of three Commission
ers, to be appointed by the Board of Directors
company shall be entirely closed and li0uidated
and in case Of the death of either one or two OF
Ihein' Ineh the survivors or survivor shall act
ARTICLE VIII
me said corporation shall have full power at
any general meeting convened for that prrDose
after thirty days public notice in one Of the daiIv
papers published III this. city, to make anv mOdItf-
cations additions or alterations to this present
act OF Incorporation, or to dissolve said cornora.
ton with the assent of three fOurths of the Stock
represented st such notified meeting.
ARTICLE TX.
The Board Of Directors shall have fun power tn
frame and adopt such bylaws, rules and reguIl-
upn5 as they may deem proper and NECESSARY for
the company and the Transaction of its Affairs.
provided the same shall not be in conflict with the
alton, OF with the laws Of this State rbay eEaII
Appoint an the officers and employees of the com
P"ny, anu hX Ihelr salaries. They shall have full
power and authority to sell and buy real and ner-
sohaI property, movable and immOvabie to make
. cOuLItacls leases mortgages, pledges and com
promises for and on behalf Of said COMPANY ne it,
interests may require.
ARTICLE X.
None of the stockholders, nor their succes,or
as SUCH shall be responsible or liable for an,
greater loss or damage in the said company the
him or them respectively.
mus done and passed in my Office at the CITY
new Orleans aforesaid on the day, month and "a
nrst above written and in presence of Marce'
DuCIOs ana Joseph W. Jones, competent wines
me notary.
Original signed
William McCullOch, ST. G. Ingram
GroTSe A Fosdick, $. NJ. Todd and other.
NJ. I. DuCrOs j. W Jones'
EDWARD BARNETT, notary Publi.
certify the foregoing to be q true c1nv Of
original act eEtant in my current records
IN faith whereof grant these presents III
my signature, and the impress Of my seal of Of
az the city OF New Orleans, on this twelfth da
July, IN the yF ar Of Lord one rhousand q
hundred and seventy-two
EDWARD BARNETT Notary Publ
/, the undersigned, Recorder Of Mortgagef
TINS city and parish Of Orleans dc hereby &c
that the foregoing charter Of the Southern 81
Sashght Company has been this day duly recl
m,my Onlce, in Book Society No. g. folio 776
New Orleans, July r. 1872
JFI3Z q au4 10 c. DARCAETEL, Dapt