New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-07-27
c. DlRCANTEE,
pputv Recorder.
CHARTER.
CHARTER
o. ZEE
gH,NGIER SUGAR EXTRACTING COMPANY.
STATE OF LoUIsIANA-CITY O. NEW ORLEANS.


BRINGlER SUGAR EXTRACTING COMPANY.
STATE OF LOUISIANA-CITY o. NEW ORLEANS.
Before me, Adolphe Mazureau,. notary, public in
and for the parish OF Orleans ard city OF new Oi.
leans state O! Louisiana duly commissioned and
qualified, ard III the presence OF witnesses hereln,
after named and undersigned pessona,iy came anu
subscI bed, acting Tor Intensely coTporafoTs,
and for such other persons as nay become assc-
ciated with them by Subscription. u; chase, trans
fer or succession who declared that awaiting
themselves of the general law OF Tie state OF Lol-
siana providing for .he organ zalon OF corpora
tiOus they have covenaEted atd agreed, ana 10 Oy
these presents covenant and agle. 10 form them
selves into an association for the Directs and pur-
poses and under the stipulations agreements con.
ditions and regulations hereinafter fully SCI forth
as The charter by WHICH said 'oIpnatioH shall re
governed
The corporate Aame of this ASSOCIATION shat! be
the Bring !eT Sugar Extracting company.
ARTICLE II.
The pare cf business and the lgai domciie Of
this assoc .. OF shall be the city OfNe* Orleans
ARTICLE III.
The object Of this company shai be TO construct
and sell the sugar planters, i'll tie United States,
the apparatus ior extracting tht Juice from the
patents for which Mr.. NJ. 5. Brnier does hereby
sell, and has already sOd by an at passed in this
}.
the consideration mentioned in article four.
ARTICLE w.
The capital stock Of this company Is hereby
fixed at one million of dollars. repesente by ten
thousand shares of one hundred ddlars each;
three shares of said stock are improperly OF Mr..
NJ s. Eringier. aud form the pric and consldera-
ton for which he has agreed to SELL and has &C.
tually sold to this company all his rights titles,
interests patents, etc. for the United States, IN
the apparatus invented by him fG extracting the
fI0l hall hAp
sdered as fun paid stock and not liable to any
contributions or assessments.
3. Three thousand shares are Considered as paid
up to the amount and extent Of ninety five dollars
per share the remaining i've dOilas to DO paid one.
half cash, and the balance not later than the first
of October 1873. Out of these thredhousand shares
six hundred are the property, in eual portions, OF
the thirty persons who advanced three thousand
dollars for the first experiments With tho appars
and whose names appear in the at under private
signature under which the Bri1gier Association
was to be formed the said act Icing annexed to
the transfer made by Mr.. Brnge, to the present
association, Of even date herewith, thus leaving
balance oftwenty four hundred slhres which have
been subscribed for by the pafies hereinafter
named. .
g. On the remaining three thousand SIX hundred
and sixty seven shares of the culinary stock for
which subscription books shall % opened when
the Board OF Directors shall determine, TWEEN
tyfve per cent shall be payable the time of sub
board shall decide, but not more than twenty-five
per cent at any call
No full paid or prepaid stock shall be issued until
the whole of the ordinary stock shall have been
ARTICLEv.
This company shall 90 into ef.e,t a. soor as the
cash payment Of the prepaid stoel shal! have been
made.
ARTICLE W.
Should any subscriber stakeholder fail or ne
gect, or refuse 70 pay papctually bis nstalments
called for 6y the Board Of Dreetes eight per cent
per annum interest shall be aided to the Install
ments percentage called for, until final pay
ment and if payment be not made within thirty
days after the specified time for making the same,
the Board Of Directors shall hSvethe right OF caus
ing any shares which instalmerts or per-
centage may be due to be sold at public auction or
otherwise, after fifteen days advertisement in any
newspaper published in the CtyOf Kew Orleans,
| or Of recovering by sait at law tie snlount due.
ARTICLE VII.
Receirts signed by the president and secretary
shall be gwen 10 subscribers Tor the amount paid
| in cash. said receipts shall be surrendered to the
! company ol issuing certificates d stock.
ARTICLE VIII.
Transfe1ees of stock not fully paid shall assume
ali Indebtedness thereon. and th same snail have
| to be accepted or approved blythe Board OF d.
rectors. No transfer of less thin one full share
will be permitted .R7,c1prx
| This company is to exist and continue for the
full term of twenty-five years, but may be dis
| solved at any time before, with ihe assent of the
! stockholders represented at a Meeting expressly
| called for that purpose in which case majority
Of two.thirds of the votes present shall be ueces
| sary.
This company shall be capable in law 70 buy
SELL mortgage, take. receive hOH and i'll any N an
acquire real estate. 1t shall be- and is hereby
| authorized and empowered to make rules, bylaws
| and ordinances and to do and perform any and
everything needfu for its government and sup
| port not repugnant to the constitution and laws OF
| the United States and of the State Of Louisiana
| and to this act Of incorporation.
ARTICLE XII
This corporation shall have seal, with device
| upon the Same. representing bunch of sugar
canes. and having the name Of ihe corporation Il
the margin.
| The said corporation shall be apable TO cite ant
be cited to sue and be sued. Tie president, or il
his absence the secretary of the company, shall bt
| the proper person upon whom tOserve citations Oh
| all other documents OF wrts i'll all quits agalns
the company. All contracts aid Instruments Q
| writing approved by the Board of Directors sinai
| be signed by the president andcounterslsned b.
| the secretary Of the company.
| ARTICLE XIII
The business Of the company shall be managed
| by Board of Directors, consisting of seventeen
| stockholders, each of whom shall own in his Owl
right twenty five shares of the capital stock of :hi
| association Seven directors present at any meet
| ing shall constitute quorum, fiily authorized II
| do and perform al acts necessary for conducting
| the bus!n Of the company.
ARTICLE XIV
The officers OF this corporation shall be Pres!
| clerks as the Board of Directors nay appoint. Tn
! President shall preside at eaci meeting Of th
Board of Directors, and in his aheuce, by sickness
| or otherwise, the Board of Directors shall appoin
| President pro tempore The President and Sec
rotary shall perform all the duties appertaning t.
| their respective Offices
ARTICLE XIV
The Board of Directors shall b. elected by ballot
| except the first wear on the fist Monday of Nc
| vember in each year, by the stockholders, votin!
in person or by proxy, at the Office OF the compan
Directors shall give at least 6fRen days notice il
! two newspapers published in New Orleans TN
| board shall appoint three of tie stockholders IL
| spectOrs to preside at such elections, and to max
the proper returns of the counting of the ballots
| If any of the appointed inspectors decline or fa
to attend. the President may APPOINT others to n
| such vacancies may occur. The Board OF VI
rectOrs thus elected shall take their seats on tn
third Monday of the month of their election, ar
others are qualified to act in their stead. The frs
| annual election of the Board Of Directors OF TN
company shall take place on the first Monday G
Move nber 1874 and those Their elected shall tax
their seats On the third Monday III the sam
month.
ARTICLE XVI
Each share Of stock shall enthle the stockholde
owning the same to one vote, hut no stockholde
shall vote on more than one thousand shares.
trans fer OF stock made within the thirty days pre-
ceding an election of directGs shall entltle IL
transteree to cast his vote at such elecI!oa.
| ARTICLE XVII.
| The Board of Directors at their first meetin
after their election shall choose one OF Their nun
Der for President Of this corporation, ana si
election shall be by ball0- and by majority OF II
| whole board.
| ARTICLE XVIII.
ANY director about to absent himself 10, a'pef!o
of six months may appoint a substitute IN n
| stead provided said substitute shall have in b
own right not less than twenty five shares OF u
capital stock Of the company, AID proVidtd ais
said substitute be approved or elected oy VI
Board Of Directors for the time being.
ARTICLE XIX.
The Board OF Directors shall appoint a seereta'
and such clerks or asst ,tants NAV be re-. I-le
| and remove the same at pleasure, and shall TX q
salaries of all officers of this company and u
| amount security to be required OF any once