New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-06
CORPORATIONS.
n CORPORATIONS.
( YHAkTER.....,........ CHARTER
STATE OF LoUIsIANA-PARIsH OF ORLEANS
CITY OF NEW ORLEANS.


Be it known that on this third day Of June,
IN the year of our Lord one Thousand eight hundred
ana seVeney-twO, and of the independence of the
Uies9 states Of America the ninety SIXTH before
me Nlaaolas Browse Trist, q notary public in and
LOT the parish OF Orleans, State Of louisiana duly
commissioned and qualified, and in the presence OF
VIC HleISsses hereinafter named and undersigned,
personally came and appeared Aaolpha Bouehard.
Charles d. Conrad, Henry Dugue TristraE Topper
Charles Angelo Conrad Robert Bruce and the
other persons whose names are herpuntO sub
seribed who declared that availinn tbonselvaa az
tne PROVISIONS OF tie statutes Of the State of Louis
lana relative to the organization of corporations IN
this state they have cOvenanted and agreed and bV
these presents do covenant, agree and bind them
selves 20 form themselves into and constitute q
corporation for the objects and purposes and under
the supnlations, conditions and regulations fol-
ARTICLE l.
The name and style Of the company shall be-
THE BOUCHARD SEWING MACHINE MOTOR
COMPANY. Its domicile is hereby established in
the city of New Orleans, aud its duration is fixed
at twenty-five Gears from the date of this act
II shall have power to contract to sue and be
sued to acquire and own property, real and per-
s0nal 10 make and use common seal aud gener-
ally to do 81 things requisite and proper to carry
ing into effect the objects ior which it is estab
ARTICLE H.
The object and purpose of this company ia to
manufacture and sell, and to dispose 70 others of
the hight TO manufacture and SELL either ia the
United States and elsewhere, the apparatus ma
chinery' or motor for running or working sewing
machines, invented BY Adolphe Bouchard, and TOR
which two patents have been granted, dated re-
speehvely sixteenth January and seventh May,
1872, and numbered l22 8O2 and 1z6,441, as well as
under any other patents that may hereafter be-
issued to said BOuchard 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 shan be one
hundred and fifty thousand dollars divided into
fifteen hundred shares OF One hundred dollars
each. Ofthis number, twelve hundred and eighty
thousand dollars, shall be distributed among the
owners Of the said patents, and In proportion to
their respective interests therein as set forth Ia
an agree ment between said owners entered into
before the undersigned notary, on the thirtieth
day OF May 1872, and this in consideration and as
tull payment for their respective patent Eightas
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, at such times and on such terms as
the Board Of Directors shall determine, for the
dement, OF this company and as working capital.
ARTICLE ".
The affairs of the company shall be managed by
q board consisting Of a president aud four direG-
tors, who shall DO elected annually their term OF
office to commence Oh the first Monday of January
of each year, and Tristram Upper is hereby con-
stituted the president, and Adolphe Bouehard,
Charles NJ. Conrad Henry Dugue and Robert Bruce
the directors of this COMPANY, foIming the first
board 70 hold office until the first Monday Of jan
ARTICLE V.
The president shall preside at al meetings OF the
said board, IS well as OF the stockholders, and
shall, In connection with the Othe members Of the
Board of Directors, and under this 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
De interested, shall be served upon him.
ARTICLE VI.
There shall be secretary and 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-
rectOrs, who shall also q x the amount OF eompen-
sation or salaries to be paid themi provided that
no salary shall commence to lrun until profits
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
ARTICLE VII
The Board of Directors shall have full power to
do aud perform ali things necessary or proper to
carry into full effect the objects aud purposes of
this charter, and which are mt in conflict with
any law Of this State or of the United states OF
the true meaning Of this act
ARTICLE VIII
The president Of the company shall. at least if
teen days before the expiration of his term of Of
hee, render full and complete statement Of tbs
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
and value of all the assets of every descriD-
ton belonging to, and all the debts due by the
company, together with all other matters Of inter-
ARTICLE TX.
At all meetings Of stockholders where q vote is
taken, each stakeholder shall be entitled 10 vote
either in persOn or BY proxy on the stock held OF
represented by him; provided that no corporation
shall be entitled to vote on more than fifty and no
individual or firm on more than two hundred
shares. The shares voted on by husband tor his
wife, or father tutor for minors shall be CON
sidered as voted by the party casting the same.
The majority OF the votes thus given shall prevail.
ARTICLE x.
No person shall be eligible for either president or
director who dOea not hold at the date of his cleo
ton and during his term of Office and has not held
for at least ninety days prior to such election at
least ten shares Of the capital stock Of the com
pany
ARTICLE xI.
No stockhOlder shall be responsible for any debts
or obligations Of the company beyond the capital
stock owned by him.
ARTICLE XII.
All certificates Of stock shay be signed BY the
president and secretary Of the company, and books
shall be kept open for the registry and transfer Of
shares OF stock, subject 70 regulations 20 be eBtab
lshed by the board. Transfers shall be made upon
said books, and signed by this holder or his attor-
ney in fact, and no transfer shall be deemed com
plete until entered thereon No transfer OF stock
shall be entered 90 long the party desiring 70
transfer the same shall be indebted 20 tile com
pany e2eept with the consent Of the Board Of ri.
rectOTs
ARTICLE XIII
Regular semi. annual meetings Of the stoekhOld.
eTs shall be held on the first Monday Of June aud
December Of each year, and the election for Offi-
GERS for the ensuing year shall take place 90 the
latter meeting.
A special meeting may be called by the President