New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-10-12
CORPORATIONS,

| CORPORATIONS,
QUARTER OF THE LOUISIANA NAN.
! UFACTURISG AND PRorELLING CoMPANr.
STATE OF Lou!SlANA-CJTY OF NEW ORLEANS
/ Be il known that on this twenty sixth day Of
August. IN the year one thousand eight hundred and
1 seventy three, before me. Marcel r. DucrOs a
notary public in and for the city and parish of New
orleans, state OF Louisiana. aforesaid, duly ccm
| missiOned and sworn. personally came aud ap-
peared the parties whose names hereunto sub
scrbed. who declared that, vailing themselves of
the provisions Of the statutes of Louisiana relative
to cha organization Of corporations in this State.
| they covenant agree and bind themselves. those
whom they represent, and those who may here
after become members of this corporation, by
subscription purchase, succession or otherwise, 10
form themselves into, and constitute corporation
for the objects and purposes and Ulder the stipu
lasions following, TO wit
ARTICLE T..
The name and title OF this corporation shall be
THE Louisiana Manufacturing and Propelliug
Company" and its domicie is hereby established
in the city of New Orleans, State Of Louisiana.
ARTICLE II.
The objects and purposes of this association are
hereby declared to be the manufacture and rend.
ing OF machinery and engines generally. and spe.
cially for the propeinS of cars other yehiceg,
and ais" the vending and disposins of certain
patent rights acquired under the present act.
The president, or in his absence, the secretary.
sliai be the proper person upoo whom all citations
shall. be served.
The said association shall commence operations
from the date OF this chan ter and shall exist fOr
the space of twenty five years: it shall have the
right TO make contracts in its corporate name. to
sue and be sued, to own, receive. mortgage, pur.
chase and sell movable and immovabe property,
and make bylaws for the manas of its afaIs.
ARTICLE ".
The capita. stock OF the corporation is fixed at
two millions OF dollars, SepIeEeutpt EV twenty
thousand shares, of hundred dollars each,
which shall be paid ia full at the time OF .ub.
scription.
Eight thousand shares Of said stock are hereby
declared 10 be the property OF Henry c. Bull, o,
New Orleans. and constitute the consideration for
which he has agreed to sell and transfer. and does
by these presents actually sell and transfer to this
corporation al his rights. title and interest in all
patent. and caveats. applied for or to be applied
for by him, issued 10 be issued 70 him. tor i'm.
provemen1s in machinery for propelHng pUi poses
and the manufacture of engines for the Cniied
States texcepf. however, his rights to patent No.
i2t3 already Sold, which said eight thousand
shares Of stock shall be considered fully paid and
shall! never be subject to any assessment whatso
ever
The remaining twelve thousand shares shall be
offered 10 the public. Provided, however. that FOX
thirty days from and after the date hereof the
stoc kholders OF the United States and European
PrOpel.lng Gar Company shall TO the extent Of six
Thousand shares, have tho privilege to subscribe
TO the pre- sent stock. and to pay for the same by
delivering 10 the present company one share OF
said United States and European Prope!ling Car
-
'he rv"H"', 'u'ar.n'. my 'alt ana 'r'F.' o.,
.so t!'a' -. ny DDS i-nIn :n6 f.r IS. dat.
....o''Ge lcE.hr.'e~s u. s'ia tEi-sc states aj,i
tif"N. - 'i"gei..aG Cart .lsany shall, TO '.a..
FER - sd. q ..re. have the privilege 10
'a-.." 20 ii. pIessn; STOCK, and I, ... IN p.y-
IA. ut cue fond IL oAe hundred dollar. OF rai
United States and European propelling Car Com.
pany, for one share OF one hundred dollars of the
present corporation. No transfer OF stock saal. be
made except On the books OF the company.
ARTICLE V.
SJ,onA a, , ..0 ~.
device of which shaii he "a Pelican FEEDING lts
young with the name Of the company ana that
OF this city eEc!Teling it.
ARTICLE W.
THIS association shall have power ~ j.: vote ~
all the directors thereof to Issue bonds on such
terms and under suci. conditions they may
deem proper, pledging, If necessary, the property
of said company or any part thereof; provided,
however, that such bonds shall only be used to
raise money to carry the objects of this charter
and provided. also, that sal objects specified
in the resolution authorizing the issue.
ARTICLE VIZ.
All contracts bonds cheeks or othe. Instruments
issued by this association shall be signed by the
president and countersigned by I'll. secretary.
ARTICLE VIII
All the powers of this association sha'! be e,.Y-
cised by a board of directors, to consist of ten
stockholders, four of whom shall form quorum
for the transactio. of business. They shall elect
al! the officers. clerks and employees of The
pany and shall have the right of filing all
cies which NAV occur III th.i. toay, ioI whatever
ARTiCLEly.
TIL. following named persons shall constitute
the first Board of Directors of this corporation, TO
wit: Henry &. Bull, 4. ". Walker, }. Z. Cannon,
+. +. Case, sam II. Houston, Joseph RAYMOND NJ.
4. DUcros, Ben Welt J. (. Austin. George A.
Fauuce and they efa. hold their office until their
successors are iected and have qualified. Henry
&. Hul is hereby declared to be presidcn. and sl!.
pe'intendent, and augustus ". walker, secretary
ana treasurer of this association, ard their term
u Office small expire W.T.. tina: q: :he a'st Board
o! Directors
On the first Monday of November, 49,: .:lt! m.f-
iialy thereafter. election for ten director. Of
this association shall be held by the Stockholders,
at the office o! TIE company. from 10 4. VI to 3 p.
NJ A ma IcrIty of the votes az such election
shall elect. Notice %. such election siSl! be given
by advertisement, asserted for thirty DAYS in two
newspapers published: IN the city OF New Orleans.
After sad election The board Of directors shall
elect from among It's msmbeIs president. secr.-
tary. a superintendent and treasurer; il shall
ais" eject such officers. clerks and employees a.
may be necessary for the conducting of the bu.i.
ness Of sald association. The president secretary.
superintendent and treasurer shall continue in
Office during the term OF the board Whi'h elects
the n" director officer shall be removed
cept for last cause-charges shall be preferred
against him at a regular meeting of the board and
recorded in the minutes; an inquiry shall be called
FOR by vote of three fourth. Of ALI the directors.
ana the party accused shall be allowed the priv
lege to defend hmset. The decision of III. board
shall be rendered at subsequent regular meeting
and the party in accusation .hall only be lsmov.
By a vo:. -. .l!e.-!ouFths of a.. tie directors.
ARTICLE Xl.
;nr stakeholder stockheier. ,. pre-. ei.irc il.
the aggregate cu.-teIth of the capital .tocl. Of
tn. association may demand from the ire .d.nt
III. couvoCatIan of general meeting Of IN. stock.
holders and on TIE refusal or neglect OF the pres.
dent TO do. said stakeholder st.ckhc,der, i.
and hereby Authorized, five day. ate. such de-
!nand :" can sucn genera! meeting b. advertise.
m.u-- signed ny the party parties maxim. such
call and inserted tor thirty DAYS il. $50 :.c".
papers p.t..sG1d IL this city.
ARTICLE XII.
81. -.
eral NEE ting convened aforesaid OF at a neral
meeting convened provided for l.. articl. :hir-
teen. shal! have power 10 make change. add.
tons notifications TO this ac. of incorporation
or TO dissolve the company. provided thr. b.
OF the ock preser! and represented at such meet
ipg shall vote il favor o. such proposed measures:
and any and all such changes additions lnod!tica-
tions dissolution shall be r,.or.el "a required
BY law.
ARTICLE XIII.
The liquidation of the affairs Of the company. |
whether the same be dissolved by term nation. q