New Orleans Republican., 1873-08-31
CORPORATIONS.
CHARTER OF THE LOUISIANA max
uFACTuRENG AND PROrELLING COMPANY
STATE OF LOUISIANA-CITY OF NEW oprr.NS


Be it known that on this tweutv.six d,, ..
~ rne year one thousand eight hundred and
Lhree, before me. Marcel T. Ducros a
norry public in and for the city and parish of Sa
ssi, weains, state OF Louisiana. Aforesaid, duly com
peared the parties whose names are hrrennto snP
scrlDed who declared that availinp fhemseIyes os
to ie st the statutes Of Louisiana relative
- .uo otgan'zaton Of corporations in this state
Iney covenant, agree and bind themselves. those
ar h oney represent, and those who NAV here
subscription. purchase succession or otherwise to
orm M ~, themselves into, and constitute corporation
istions ana purposes and under the stipu
ARTICLE l.
Inc name and title of this corporation shall be
x~a ~ne louisiana Manufacturing and Propeling
COMPANY, and its dom cile is hereby esta 5ished
III the city of New Orleans State of Louisiana
ARTICLE H.
The objects and purposes Of tn s associatiop are
hereby declared TO be the manufacture and vend
ing OF machinery and engines generally and spe
cially for the propelling of or other vehicles
and also the vending and disposing of certain
patsnt As, rights acquired under the present act.
The president, or in his absence, the secretary
shai he the proper person upoa whom all citations
shall be served
ARTICLE ILL.,
The said association shall commence operations 3
from the date of this char ter and shall exist for
the space of twenty five years; it shall have the
right to make contracts in its corporate name to
SHE and be sued, to own, receive mOrtqag mn
chase and sell movable aud mmov able property.
and make by laws for the manag ement of it's araiIa
ARTICLE,v.
The capital stock of the corporation is fl xed a.
TWO millions Of dollars. represented by twenty
thousand shares, OF one hundred dollars each
which shall be paid in full at the time OF sub.
scription.
Eight thousand shares Of said stock are hereby
declared TO be the property of Henry G. Bull, o:
New Orleans, and constitute the consideration for
which he has agreed to sell md transfer and does
by thsse presents actually sell and transftr to this
aYI..n ri.rhf
patents and caveats, applied for or to be applied
for by him, issued or to be issued to him. for I'M.
the Of @ pspfa for sbs rpis
states except, however. his rights to patent No.
sh M 81. al already Sold which said eight thousand
shall never be subject to any assessment wliatso
ever.
The remaining twelve thousand shares shall be
offered to the public. Provided however, that for
thirty days from and after the date hereof .he
stockholders of the United States and Europe an
PrOpeng Car Company shall, to the extent Of six
thousaLd shAies, have the privilege to subscribe
delivering TO the present COMPANY one share Of
said United States and European PrOpeng Car
Company. and fifty cents in cash for one share of
the present company, FULLY paid; and provided
also, that for thirty days from and after the date
hereof the bondholders of said United States and
tent Of six thousand shares have the privilege to
subscribe to the present stock. and to give in pay
ment one bond OF Ose hundred dollars of said
United States and European PrOpeliug Car Com.
pany. for one share OF one hundred dollars of the
transfer
made except on the books Of the company.
ARTICLE "
This association shall have corporate SEAL the
device of which shall be "a Pelican FEEDING Its
young" with the mama of the company and that
OF this city encircling it.
ARTICLE VI
This association shall have power by a vote of
all the directors thereof to issue bonds such
terms and under such conditions they may
deem proper pledgng, if necessary, the property
<,fe fI,Arls ....I
however that such bonds shall only be used to
raise money to carry the objects of this charter
and provided. also, that said objects specified
III the resolution authorizing the issue.
ARTICLE VII
All contracts bonds, checks or other instruments
issued by this association shall be signed by the
president and countersigned by the secretary.
ARTICLE VIII.
All the oowers of this association shall be exef.
cised by board of directors, to consist of ten
Stockholders four OF whom shall form quorum
for the transaction of business. They shall elect
pany and shall have the right of filing all vacan.
Cies which may occur in their cody. for whatever
cause reason.
ARTICLEIX.
The following named persons shall constitute
the first Board of Directors OF this corporation, to
T. Ducros Ben Well j. L Austin, George A.
Faunce and they shall hold their Office until their
successors are iected and have qualified. Henry
C. Bull is hereby declared to be president and sli-
peIintendent, and Augustus W. Walker, secretary
and treasurer of this association, and their term
Of office shall expire with that of the first Board
of Directors
On the first Monday of November 1915. and ben
nialiy thereafter an election for ten directors of
ths association shall be held by tie stockholders,
at the ofiee of the company. from 10 A NJ. TO 3 =.
NJ. majority of the votes cast at such election
shall elect Notice of such election shall he given
by advertisements Inserted for thirty days III two
newspapers published in the CITY OF New Orleans:
la I'd <,r Iivan St,alt
elect from among its membeIs a president secre
rary a superintendent and a treasurer; it shall
also elect such officers, clerks and employees as
may be necessary for the conducting of the bus
ness of said association The president, secretary
superintendent and treasurer shall continue IN
them No director or officer shall be removed ex:
cept for Just cause-charges shall be preferred
recorded in the minutes; inq uiIy shall be called
for by vote of three fOurths of all the directors
and the party accused shall be allowed the priv
Iege to defend himself. The decision of the board
shall be rendered at SUBSEQUENT regular meeting
and the party in accusatlen shal oh!y pe removed
by "a vote of three -fOurths OF all the directors.
ARTICLE XT
ANY ste rckhoder OF Stockholders representing in
the aggrega-e Oneteuth OF the capital stock of
this association may demand from the president
the convocatiDn of general meeting of the stock
holders and on the refusal or neglect of the pres
dent so 10 do said stockhOlder or stockholders is
and are hereby authorized, five days after such de-
Inand, to call such general meeting by advertise
ments signed by the party or parties making such
call, and inserted for thirty days IN Two news ,
papers published in this city.
ARTICLE XII.
The stock kho.ders of this association, at the gen.
era me. ting convened aforesaid, or at genera!
meeting convened as provided for in article th,r-
teen shall have power TO make any changes, addl'
tious q, modic ations TO this act of incorporation,
OF TO dissolve the company, provided three Iourlns
of the stock present and represented at such mees-
ing shal! vote favor of such proposed measures;
and nv and all such changes additions, modlhca.
lions o. dissolution sha! be SscoTGeI As required
by law. .,,
The foundation o: the affairs OF the Eon2ane.
whether ha same be dissolved by termination Nf
charter or b.. a vote OF the stockholders, snail De
made by three commi sOners elected by tine STOCK
l.olders from among theis own numb II the llqul.
ia,ion takes place by termination OF charter they
shall be elected at general meeting, convened Tor
the purpose one mouth prior to the date cs said
limitation. after thirty days notice 'S Nv" news
naDers published il this sits: II the liquidation
takes place by a vote of the sfockh"l1ere, SAL!
commits ers shall be elected at the genera! neels
ing at which such measure as adopted. me
duties of said commissioners shall be 40 !IilGat"
the affairs of the company Oh such term" ana 'n
such manner as may be determined by majority
of three fourths of all the stocA represented a.
such nesting. :. ...;..
Thus done and passed in my. office. at 'he eity" 81
year first above written and in presence OF " ~
liam Eleila and Louis NJ. DucrOs, cofspeteht wiz
nesses who sign their names With SAID pa:I'''
and me- notary.
Original signed: -. sr
Henry c. Bull, a d. j" i.hsss
J. L. Cannon. r. 4 sdse
Samuel n Houston. Joseph Raymond.
NJ. I. Ducros Ben amin W Ell
:, T. Austir G.o:.e A. gaunss.
WILLIAM K.srs.