New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-01
CORPORATIONS.
CHARTER. CHARTER
STATE OF LOUISIANA. CITY OF EEw ORLEANS.

Be il known that on this eleventh day Of July, in
the year 1872. before me- Ed ward Barnett, notary
public in and for this city aud parish Of Orleans
State Of Louisiana Aforesaid, duly commissioned
and sworn personally came and appeared the per-
sons whose names are hereunto subscribed, who
seveTally declared that, awaiting themselves OF the
provisions Of the statutes Of the state Of Louisiana
relative 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 fern themselves into corporation
for the objects and under the stipulatiOnB, Oblga-
tons and regulations following, TO Wit:
ARTICLE l.
The name and title Of this corporation shall be
the SOUTHERN MUTUAL GASLIGHT COMPANY,
and its domcile shal be established in the city Of
-'" 0-'' ARTICLE II.
The purpose for which this company is organized
is purchase the patents Of BJ'uH SlCper, 0! New
York, and Robert NJ Potter, Of Jersey City, pa
tented respectively on the twentythird day Of
January and twenty third day OF April, 1872 No
1923 O52 and No l26 Og8 and 10 use the same in the
States Of Louisiana, Texas, Arkansas Mississippi
Tennessee, Kentucky, Alabama, Florida, Georgia
North Carolina aud south Carolina. for the purpose
Of manufacturing 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 the SAM or other process, to
carry out the objects Of this corporation
ARTICLE H.
The capital stock Of this company is hereby fixed
at the sum Of one moa dollars dlvl.ed into ten
thousand shares Of one hundred dollars each, which
shall be assessed at twenty per centum, 70 be paid
for ready money at the time Of subscribing, ami
when said assessment shall be paid the said s'Cck
shall be considered fun paid and no further
sessment shall be made thereon.
ARTICLE ".
The business Of the company shall be conducted
by a board Of seven Directors, composed Of the fol-
lowing stockholders, TO wit: William McCuOch
ST., Caleb s. Hunt, q. Ingram George A. FOsdick,
Samuel NJ. Todd, Gabriel de Ferret and Samuel
Barnes, and they are hereby constituted the first
Board Of Directors who shall serve until their sue
ccssOrs are qualified
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
birec' UTs, unless sooner removed.
On the first Monday Of July, 1873, aud annually
thereafter there shall be held at the Office Of the
company election for Directors.
Zach stOckhOlder shall be entitled 70 one vote
for each share held by him. and may vote either in
person or by proxy; plurality Of votes shan be
sufficient for election, and no stakeholder shall
vote more Than one Thousand shares.
No one shall be eligible to the position Of a Di-
rector who does not hold i'll his own name at least
fifty shares OF the capital stock Of said company
ARTICLEV.
Tie p esident of this company is hereby. consti.
tuied the officer upon whom all citations shall be
ARTICLE VI
The term for which this corporation is formed
shall be twenty-five years from the daCe 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 liqudated, its debts and all other liabilities
paid, and the balance Of its funds if any shall be
divided pro rata among the stockholders under the
charge aud superinteudence Of three commission
ers, to be appointed by the Board of Directors,
who shall continue until the business of the
company shall bs entirely closed and liqudated,
and in case Of the death of either or two OF
them, then lie Survivors or survivor shall act.
ARTICLE VIII
The said corporation shall have fun power at
any general meeting convened for that purpose
after thirty days public notice in of the daily
papers published in this city, to make any mOdIt
cations. additions or alterations to this present
act Of Incorporation, or to dissolve said corpora
ton with the assent of threefOurths OF the stock
represented at such notified meeting
ARTICLE TX.
The Board Of Directors shall have fun power to
frame and adopt such bylaws rules and regula-
tons as they may deem proper and ne cessary for
the company and the transaction of its affairs;
provided the same shall not be in conflict with the
true intent and meaning of the act Of incorpor-
appoint all the officers and employees of the COM
pany, and nix their salaries They shah have full
power and authority to sell and buy real and per-
sOnal property movable aud immOvable to make
contracts, leases, mortgages, pledges and COM
promises for and on behalf OF said company as its
interests may require.
ARTICLE Y.
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 owned by
him or them respectively.
mus uolt ana ptostu IN once, At Inc CITY OF
New Orleans aforesaid. on the day month and wear
first above written and in presence Of Marcel y.
DucrOs and Joseph W. Jones, competent witnesses,
who sign their names with the said parties and
me, notary.
Original signed
William McCuloch, Sr., G. Ingram
George A. FOsdCk, 5. VI. Todd and others
nj. T. Dueros j. W. Jones.
EDWARD BARNETT. Notary Public.
certify the foregoing To be Il true copy Of the
original act extant in my current records
In faith whereof grant these presents under
my signature, and the impress Of my seal Of Office
at the city of New Orleans this twelfth day of
July, in the year of our Lord one thousand eight
hundred and ssventy-twO.
EDWARD BARNETT, Notary Public.
], the undersigned Recorder Of Mortgages for |
this city and parish of Orleans de hereby certify
that the foregoing charter of the Southern Mutual
Gaslght Company has been this day duly recorded |
in my Office, in Book Society No. g. folio 776
New Orleans July r. 1879
Jyl42O 27au4l3 c. DARCANTEL, Deputy.