New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-07
STATE OF LoUISIANA-CITY OF NEW ORLEANS

Be it known that OIL this twenty sixth day of
August in the year thousand eight hundred and
seventy-three, before me, Marcel T. Ducros a
notary public in and for the city and parish OF New
Orleans, State OF Louisiana, aforesaid duly com
peared the parties whose names az hereunto sub
scribed WHO declared that awaiting themselves of
the provisions of the statutes OF louisiana relative
to the organization OF corporations III this state
they covenant, agree and bind themselves, those
whom they represent and those who may here
after become members OF this corporation py
subscription, purchase, succession or otherwise to
form themselves into, and constitute corporation
Tor the objects and purposes, and under the stlpu
latiOns following, to wit
ARTICLE@
The name and title of this corporation shall be
The Louisiana Manufacturing and Propellins
Company and its dOmicile is hereby established
III the city Of New Orleans State OF O ouislaaa-
ARTICLE H.
The objects and purposes of this association are
hereby declared to be the manufacture and vend-
ing of machinery and engines generally, and spe
ciay for the propelling OF cars or other vehicles
and also the vending and dispOsing of certain
patent rights acquired under the present act
shall be the proper person upon who0 oil citations
shall be served.
ARTICLE T9
The said association shall commence operations
from the date of this charter and shall exist for
the space of twenty five years; it shall have the
right to make contracts i'll its corporate name, to
sue and be sued, to own, receive. mortgage pur.
chase and sell movable and lIDm0vaDe property,
and make laws for the manag elnent OF Its Affairs
ARTICLE lTs
The capital stock of the corporation is fixed at
two millions of dolaIso represented by twenty
thousand shares, of one hundred dollars each,
which shall be paid III full at the time OF sub
scription.
Eight thousand shares of said stock are hereby
declared to be the property OF Henry G. Bull, OF
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 all his rights title and interest in all
Apts md applied
for by him. issued or to De issued TO him, for I'M
provements in machinery for propellnS purposes
and the manufacture of engines for the United
States Except, however, his rights to patent No.
l24 j27, already soldl, which said eight thousand
shares of stock shall BE- considered fully paid and
shall never be subject 20 any assessment whatso'
ever.
offered to the public. Provided however that for
thirty days from and after the date hereof the
tockholders of the United States and European
PropeIng Car Company shall, to the extent of SIX
Thousand shaIes have the privilege TO subscribe
TO the present stock, and to pay for the same by
delivering TO tn. present company one share of
said United States and European Propelling Car
Conpa, Y, and fifty cents i'll cash for one share OF
the present company. fully paid; and provided,
hereof the bondholders of said United States and
European Propelling Car Company SHALL to the ex-
subscribe to the present stock, and to give in pay,
ment bond of o.e hundred dollars OF .ald
United States and European Prorelhng Car Com
pauy for one share OF one hundred dollars OF the
present corporation. No transfer OF stock shall be
made except on the books of the company.
ARTICLE V.
This association shall have corporate seal the
device OF which shall be "a Pelican feeding Its
Young" with the mama OF the company aud that
OF this city encircling it.
ARTICLE VI.
This association shall have power by vote OF
all the directors thereof to issue bonds on such
terms and under such conditions as they may
deem proper pledgiug if necessary, the property
of said company any part thereof; provided
however that such bonds shall only oe used to
raise money to on the objects OF this charter
and provided also, that sain objects are specified
in 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 courterslgned by the secretary.
| ARTICLE VIII
All the powers of this association shall be exer-
| cised by board of directors, to consist OF ten
stockholders, four of whom shall form a quorum
for the transaction of business. They shall elect
a9 the officers. clerks and employees of The com
| pany. and shall have the right of filling all vacan-
| ces which may occur in their body. for whatever
| cause or reason.
ARTICLEIX.
| The following named persons shall constitute
the first Board of Directors OF this corporation, to
wit: Henry G. Bull, A. w. Walker E. Cannon,
+ + Case Sam II. Houston Joseph RAYMOND NJ.
r Ducros Ben We'll, j. Z. Austin George A.
Faunce and they shall bold their office until their
| successors are lected and have qualified Henry
q Bull is hereby declared to be president and
peIintendent, and Augustus W. Walker, secretary
and Il, asurer of this association, and their term
OF office shall expire with that o. the orst 0oard
| OF Directors
| On the first Monday of November, 0So anS~ len.
niay thereafter, election for ten directors OF
tins association shall be held by the stock hoders,
| at The ofce of the company from 10 A. NJ TO > P.
| NJ majority of the votes cast at snch election
81 all elect Notice of such election shtl De given
nv advertisements asserted for thirty DAYS III two
newspapers published in the eitv OF New orleans;
| After sad election the board OF directors shai
elect from among its membrIe president, secte,
| rarv a superintendent and a treasurer; IL shaii
also elect such officers, clerks and employees as
may he necess for the conducting OF the ousl-
ness of said association. The president secretary
| superintendent and treasurer shal continue III
off ce durinp the term of the board winch elects
them No director or officer shall be removed ex.
| cept for Just cause-charges shall be preferred
against him at a regular meeting OF the o0aru al9
recorded in the minutes; an inquiry shall No caco
for by vote of three -fourths OF all the directors
and the party accused shall be allowed tne PRIV,
| leg- to defend himself The decision OF the BOARD
shall be rendered a subsequent regular meeting,
and the party in accusation shall only be removed
| by vote of threefourths of all the directors.
ARTICLE XI.
| ANY stakeholder Or stockholders representinetn
| the aggregate one-tents of the capital STOCK ~
this association may demand from the presuen'
the convocation OF general meeting OF Inc stock
| holders and ON the refusal or neglect OF the pres
dent TO do, said stakeholder or stockhoidtrs Is
and hereby authorized, five days after such de
mand. to call such general meeting os ao'ettIss
| ments signed by the party parties making such
call and inserted for thirty days in two news
| papers published in this city.
| ARTICLE XII
| The stockholders of this association at the gen
aral NEE ting convened rs aforesaid at genera
meeting convened as provided for in article thir
teen shall have power to make any changes, add
tons or modfcstiors to this act of Incorporation
or to dissolve the company, provided three fourthi
1 and 81 n