New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-08-03
CORPORATIONS.
QUARTER .
THE
BRINGIER SUGAR EXTRACTING COMPANY.
STATE OF LOUIsIANA-CITY OF NEW ORLEANS

Before me- AdOlphe MazuTeau notary public il
and for the parish of orleans and city Of New Or
qualified, and in the presence OF witnesses herein
after named and undersigned, personally came anC
appeared the parties whose names are hereuntt
subscribed, acting for themselves, as cOrporators
and for such other persons as may become asso
Ciated with them by subscription, purchase, trans
fer succession, who declared that, awaiting
themselves of the general law Of the state of Lou
isana providing for She organization OF corpora
tons they have cOvenanted and agreed and do by
selves IN % an association for the objects and p'!r
poses and under the stipuations, agreements, cor
as the charter by which said cor21rstioa shA.I oe
governed
ARTICLE
The corporate name of this association eaa!! be
Che Bringier Sugar Extracting Company.
ARTICLE II.
The pare of BIZ siness and tn. iega. doni:eie .!
WIS assoc Atiol shall be the city OF New Or.eanS
ARTICLE IN.
The object o: this company shall 81 70 construct
and sell to the sugar planters ia the United states,
sugar cane known az the "Bnng.er Apparatus the
patents for which Mr.. NJ >. Bringier does hereby
sell ard has already sold, by an act passed in this
Office OF even date herewith to this company. tor
tae consideration mentioned in article t0Ur
ARTICLE ".
The capital stock of this company - hereby
h1ed AZ one million Of dollars, represented w ten
thousand 81 area OK one hundred doi,arA each
l. Three Thousand three hundred and tlietv.
three shares OF said stock sfhe property OF MI
H. S. Bringier, aad form the price ard conside,a
ton tor which he has agreed to sell, and has
eually sold to this company all his rights, titles
Interests, patents, etc; for the United States Il
the apparatus invented b. him for extracting the
Juice from the sugar cane This stock shall be con
sidered as full paid stock and not liable to any
contributions or assess rents.
=. Three thousand shares considered as paid
up to the amount and extent'of ninety five dollars
per share, The remaining i've dollars to be paid one
balf cash anu the balance not later than the frst
OF October 313 Out of these three thousand share.
six hundred are the property in equal portions, OF
the thirty persons who advanced three thousand
fus under the name of the Brisger Association,
aud whose names appear in the act under pirate
signature under which the Bringier Association
was to be formed, The said act being xed to
Che transfer made by Mr.. Btinger to the present
association, of even date here with, thus leaving "A
balance ottwentv-f -four hundred shares which have
Deem subscribed for By the parties hereinafter
named.
g. TN the remaining three thousand ak hundred
and sixty seven shares of the ordinary stock for
which subscription books shall he opened when
ever the Board OF Directors shall determine, TWEEN
tyhve per cent shall be pay able at the time OF sub
scription, anu the balance at such time as the ea.d
board shall decide, hI. not more than twenty-five
per cent at any car.
No full paid or prepaid stock shall be issuedr,l.i
the whole oi tae ordinary stock SMALL have been
subscribed for.
THIS c0ufpanr shall % into effect a. soon as the
cash payment OF the prepaid stock shall have bse.
made.
ARTICLE VI
Should any subscriber or stockholder fail or ne.
sect, OF refuse TO pay pHnctuay his insta!iinents
as thee become due, or such percentage as nav be
called for by the Board Of Directors. eight per ceat
per annuIn Interest shall be added the install.
ments or percentage called for. until final pay.
ment; ana il payment be not made within thirty
days after the specified time for making the same
the Board OF Directors shall have the ght OF Cals.
lns any shares Oh which instaments a per.
centage may be due 10 he sold public auction oy
otherwise, after fifteen dAv.' advertisement in auy
newspaper published in the city OF New Orleans
OF OK Ieco'ttinS oy SIX at law tho amount die.
ARTICLE VII
Receipts .i.aei by the presiden. and secretary
shall be q to subscil bers for the amount paid
in cssh said receipts shall be surrendered 10 the
company o.. Issuing certificates OF stock.
ARTICLE VIII
Trans'eree, OF sock not fully paid shall assume
oil Indebtedness thereon. and the shall have
to be accepted or approved by the Board of d.
rectors No transfer Of less than one full. share
will be permitted
ARTICLE TX
This company IS TO exist ami continue for the |
full term OF twenty five years but NAV be dis. |
solved at any time before with the assent o, the
Stockholders represented at meeting expressly !
called tor that purpose, in which majority
Garr.
ARTECLEX
THIS COMPANY shall BIZ capable in law to buv !
sell, mort gage take. receive mold and in auy man,
ner acquire real estate II shall be- and is hereby !
authorized and empowered to ma Ike rules bylaw. |
aud ordinances. and to do and perform aiy and |
everything needful Tor 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 &C; OF Incorporation.
ARTICLE XI.
This corporation shall have seal, with device
upon the same, representing a bunch OF sugar
canes' ana having the name OF the corporation ia
the margin.
The sail corporation shall! be ca pabie 70 ere and
be cited, t. and be sued. The president or in
his absence the secretary of the COMPANY .hsIi he
C~ |
Rii other documents writS in all suits agaius:
the COMPANY. All contracts and instrume1Ts or |
writing approved bY the Board of Directors shall !
be signed oy the president and couutersgned by
the secretary Ct the company
ARTICLE XIII:
The bushes. of the company shall be mana gel
by Board o. Directors, consisting of seventeen |
stockholders each of whom shall own in his own |
night twentytl Ave shares of the capital stock of this
NJ shal! constitute a quorum, fully authorized TO
10 and perform all acts necessary for conducting
ha bus neas Of the coe1Dany.
ARTICLE XIV.
The officers Of .his corporation shall be Presi
lent a Secretary. and such other assistants o.; |
Jerks the Board OF Directors may appoint The |
shall preside at each meeting OF the
'oaid OF Directors and in his absence, by sickness
II otherwise, the Board of Directors shall appoint |
President pro tempore. The President and Sec
etary shall perform all tho duties appertaiain. TO
heI respective Offices.
ARTICLE XIV
The Board o: Dire tors shall be elected by ballot !
xcept the first year, on the first Monday of No.
emb-r ii each year by the s.oc khoiders voting !
person % bv proxy, at the Office OF The conn auv
New Orleans: of which election the Board OF
directors shall give at least fifteen DAYS notice in
wo newspapers published in New Orleans. Tee
oard shall appoint three OF the stockholders in :
pectors to preside at such elections and to make
he proper returns of the counting of the ballots.
any OF the appointed inspectors decline or fail |
D attend. the President may appoint ethers to ill
pctors thus elected shall take their seats on the
bird Monday Q: the month Of their election, and
hail hold the same one year therefrom, until !
thers are qiallhed to act iii their stead. The first
nnual election of the Board Of Directors of thu, |
Ompany shall take place GA the first Monday of
owe nber. 1874, and those then elected thal take |
leir seats on the third Monday il the same
ARTICLE XVI
Each s axe o. oak shall entttle the stakeholder
wing the same to one vote. but stakeholder !.
lal vote On more than one thousand shares No !;
aus fer OF stock made within the thirty DAYS pre-. !.
adIng election OF directors shall entitlS the :,
anst5Iee 30 cast his vote at such election. | /
ARTICLE XVII. +
The Dosri of Directors at thefr frs. meeting c
ter their election shall choose OF their lum. Q
II for President Of this corporation. and said 4
ecton sha. be By ballo. and By majority OF the ,
hole board. J
Aay director about 20 absent himself for period | ,,
six months may appoint substitute in his 4
cad; provided said substitute shall have in his J /;
vi right not les. than twenty five shares of the | !
plta! stock OF the company. and provided also,
Id substitute be approved elected by :ne
,A:G "a. directors 70. the time being.
ARTICLE XIV.
The GoarA o: Directors shall appoint secretary j
ID sue. clerks or ASST stants as NAV be required,
I'd remove the same at pleasure. and shall II the
iarie. of al officers of this company and the | {
Mount OF security to be required of any officer X
1plore or agent. The board may also delegate W
CHI power N the transaction OF the ordinary | n
siness a the company to committees CT their | OF
III body, or 70 their officers OF agents they c.
~ deem exped.eat Tho board shall also have | d,
wer to supply any vacancy tia. may occur | u
louI their own number, by death re Isl cnaticn. | II