New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-12
CORPORATIONS.
STATE OF LoUIs1ANA-PARIsH OF ORLEANS
CITY OF NEW ORLEANS.

Be it known that on this third day Of June,
in the year Of our Lord Thousand eight hundred
and seventY-two, and Of the Independence o. the
United States of America the ninety sixth, before
me, Nicholas browse Irlsti 2 notary puDne u anu anu
for the parish of Orleans, State of Louisiana, duly
commissioned and qualified, and in the presence q
the witnesses hereinafter named and undersigned
personally came and appeared Ad0lpse Bouchaf0,
Charles II. Conrad, Henry Dugue, Tristram Topper,
Charles Angelo Conrad, Robert Bruce, and the
ether persons whose names are hereunto sub
scribed who declared that. awaiting themselves Of
the provisions Of the statutes Of the State Of Louis
lana relative to the organization of corporations in
this State they have cOvenaned and agreed, and By
these presents do covenant, agree and bind the n
selves to form themselves into and constitute a
corporation for the objects and purposes and under
the stipulattons, conditions and regulations IoA'
" =" ARTICLE l.
The name and style Of the company shall be
THE B0UCHARD SEWING MACHINE MOTOR
COMPANY. Its domieile is hereby established n
the city OF New Orleans, and its duration is liked
at twenty-five years from the date OF this act.
It shall have power to contract to sue and be
sued to acquire and own property, real and per
sonal, to make and use common seal and gener-
ally to do all things requisite and proper to carry
hshed
ARTICLE II.
The object and purpose of this company is to
manufacture and sell, and to dispose to others OF
the right to manufacture and sell or either in the
United States and elsewhere the apparatus ma
machines, invented BY Adolphe Bouchard, and ioT
which two patents have been granted, dated re-
speeuyely sixteenth January and seventh May,
1872, and numbered l22 802 and l26,44l, as vel as
under any other patents that may hereafter be
issued to said Bouehara, in this country and else
where for any Improvements therein, or for any
other inventions having the same object IN view.
ARTICLE H.
The capital stock Of this company shall be one
hundred and fifty thousand dollars divided into
fifteen hundred snares Of one hundred dollars
each. OF this number, twelve hundred and eighty
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
an agreement between said owners entered into
before the undersigned notary on the thirtieth
day of May 1872, and this IN Consideration and 81 q
full payment for their respective patent rights,
to be by them transferred to this company. The
remaining two hundred and twenty shares are to
be held in trnst BY the president for the company,
to be subscribed for, sold or disposed Of in such
other manner, ar such times and on such terms as
the Board Of Directors shall determine, for the
benefit Of this company and as a working capital
ARTICLE ".
The affairs of the company shall be managed By
a board consisting Of president and four dtrec-
tors who shall be elected annually their term Of
Office to commence on the first Monday of January
OF each year, and Tristram Upper is hereby con-
stituted the president, and Adolphe BOuchard,
Charles N. Conrad Henry Dugue and Robert Bruce
the directors of this company, forming the first
board. to hold Office until the first Monday OF jan
ARTICLE V.
The president shall preside at all meetings Of the
said board, well as Of the stockholders, and
shall in connection with the other members of the
Board Of Directors, and under the restrictions
hereinafter imposed, be the executor Of the affairs
of the company, and all summons or notices, or
other legal processes wherein the company may
be interested, shall be served upon him.
ARTICLE vi.
There shall be a secretary and a treas
urer Of the company, who, together with
the other officers and employees of the COM
| panY, shall be chosen by the Board Of Di-
| TeetOrs, who shall also fix the amount of eOmpen-
sstiOn or salaries to be paid Them provided, that
no salary shall commence to lrun until profits
shall be realized by the company sufficient to pay
the same; and provided further that the salary of
the president shall at time be either increased
or diminished during the year for which he has
been elected.
ARTICLE VII.
The Board Of Directors shall have fun power to
carry INFO full effect the objects and purposes Of
this charter. and which are not ia conflict with
any law OF this State, or Of the United states,
the true>meaning Of this act.
ARTICLE VIII.
The president Of the company shall at least f f
teen days before the expiration of his term of Of
fee 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 past year the
nature and value Of all the assets of every descrip
ton belonging to and al the debts due by the
company, together with all other matters of inter
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