New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-10
CORPORATIONS,
STATE OF LOUISIANA CITY OF new ORLEANS.

T STATE OF LOUISIANA, CITY OF new ORLEANS.
Be it known that on this eleventh day of July, in
She year 1872 before me, Edward Barnett, notary
public in and fOrthis Citl aud parish OF Orleans,
State of Louisiana aforesaid, duly commissioned
sons whose names are hereuntO subscribed, who
severally declared that awaiting themselves OF the
provisions of the statutes of the State of Louisiana
relative 10 the organization Of corporations in this
State they have agreed, and by these presents do
represent, to form themselves into a corporation
for the objects and under the stipulatiOns, obiga
tons and regulations following, TO wit
ARTICLE
The name and title of this corporation shall be
the SOUTHERN MUTUAL GASLIGHT COMPANY,
aud its domioe shah be established in the city of
ARTICLE II.
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
January and twenty third "9 day Of APRIL 1879 No.
1913 052 and No. l26098. 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 lighting
cities or 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
pany; they shall have the right to purchase other
patents and use the same, or other process, to
carry out the objects of this corporation.
sRTTCLE III.
The capital stock of this company is hereby fixed
at the of one million dollars divided into ten
thousand shares of one hundred dollars each, which
shall be assessed at twenty per centIm, to be paid
for IN ready money at the time of subscribing and
when said assessment shall be paid the said Stock
shall be considered full paid and 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 McCulloch
ST., Caleb s. Hunt, g. Ingram, George A. Fosdiek,
Samuel NJ. Todd, Gabriel de Ferret and Samuel
Barnes and they are hereby constituted the frat
Board of Directors, who shall serve until their sue.
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
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 stakeholder shall be entitled to one vote
for each share held by him, and may vote either in
sufficient for an election, and no stoekholder 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
atty shares of the capital stock of said company.
ARTICLE V.
The President of this company is hereby eonsti.
tuted the officer upon whom all citations shall be
served.
The term for which this corporation is formed
shan be twenty-five years from the date Of these
presents.
At the expiration of the term of this act Of in
corporation at its earlier dissolution as herein
after provided for the affairs of the company shall
be lquidated, its debts aud all other liabilities
paid and the balance of its funds it any shall be
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 lquidatedr
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 published in this city, to make any modih-
cations. additions or alterations to this present
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 by-aws, rules and regula-
tons 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
Urue intent and meaning OF the act of inoorp0r-
alton, or with the laws Of this State. They shall
appoint all the officers and employees of the com
pany and fix their salaries They shall have full
power and authority to sell and buy real and per-
sonal property, movable and immo7able, to 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 any
greater loss or damage in the said company than
the amount of the capital stock held or owned by
him or them respectively.
Thus done and passed in my Office at the city Of
EewOrleans aforesaid, on the day, month and year
inst above written, and in presence of Marcel T.
DucrOs and Joseph W. Jones, competent witnesses
who sign their names with the said parties and
me- notary.
Original signed)
William McCuIloch Sr., G. Ingram,
George A. FOsdlck, 3. M. Todd and others,
NJ. 7. DucrOs, j. W. Jones'
EDWARD BARNETT. Notary Public.
| certify the foregoing to be a true COPY of the
original act extant in my current records.
III faith whereof, grant these presents under
my signature and the impress of my seal Of office
at the city of New Orleans, on this twelfth dav of
July in the year of our Lord one thousand eight
hundred and seventy-twO.
EDWARD BARNETT, Notary Public.
l, the undersigned, Recorder of Mortgages for
this city and parish of Orleans de hereby certify
that the foregoing charter of the Southern Mutual
Gaslight Company has been this day duly recorded
in my office, in Book Society No. 8, folio IT'S
New Orleans, July II 1879.
Jyl420 n au4 10 g. DARCANTEL, Deputy.