New Orleans Republican., 1873-07-17
CORPORATIONS.
QUARTER. .............CHARrER
STATE OF LOuISIANA-CITI OF NEW ORLEANS.

BRlNGIER SUGAR EXTRACTING COMPANY.
STATE OF LoUISIANA-CITY OF NEW ORLEANS.
Before me Ado. phe Mazureau d notary public in
and for the parish of Orleans and city OF New Or.
leans State OF Louisiana, duly commissioned and
after naleG and undersigned, m personally came and
appeared the parties whose names are hereunto
subscribed acting for themselves, as COrpOrators,
and fOr such other persons as may become asso-
ciatei with them by sI:bscr!Dt!on purchase trans
Ter succession, who declared that availins
themselves OF the general law OF the State OF Lou
isiana providing for She organization OF corpora
tons, they nave COvenanted and agreed, and do by
these presents covenant and agree 70 form them
selves INTO association :or the objects and pIIr
poses and under the stipli!ations agreements, con-
diton, and regulations here matter fully set forth
the charter by which said corporation shall be
governed.
The corporate name of this association shall be
the ''BIiu ,eS Sugar Extracting Company
ARTICLE H.
The plan of business and the the legal donicile Of
this association shall be the city Of New Orleans.
ARTICLE ~.
The OH &c. Of this company shall oe - construct
and sell the sugar planters, in the United States
the appa :a.us for extracting the Juice from the
patents for which Mr. N. s. Brnger does hereby
sell ard has alieadv sOd BY act passed in this
Oitct OF even date herewith 10 lhiS company. tor
the consideration mentioned IN article fOuc
ARTICLE ".
The capital stock OF this company is hereby
fixed a. one million OF dollars, represented by ten
thousand shares of one hnndred dollars each
l. Three thousand three hundred and thirty.
three shares Of said stock The property OF Mr.
VI. 5 Bringier, and form the price and ConsideIa-
ton for which he has agreed 70 sell, and has ac-
t;ally sold to this company a.! his rights titles,
interests, patents, etc. for the United States, in
the apparatus invented by him for extracting the
Juice from the sugar cane This stock shall be con.
sderej full paid stock, ard not liable 70 any
contributions or assess Tents.
2. Three thousand shares are considered as paid
up to the amount and extent 0! nlLetytive dollars
per share the remaining hve dollars to be paid one
half cash. aud the balance not a:er than the first
OF October 1913 Out of these three thousand shares
six hundred are the property, IL equal portions of
the thirty persons who advanced three thousand
dollars for the first experIments vita the arpara-
tus under the name of the DliHgier Association,
anu whose names appear IN M act under private
signature under which the Bringier Association
was to be formed the said act being annexed to
the transfer made by Mr. BIinsier to the present
association, of even date here With, thus leaving a
balance Of twenty four hundred shares which have
been subscribed for by the parties hereinafter
named.
8. On the remaining three thousand six hundred
and sixty seven shares of the ordinary stock for
which subscription books shall be opened when
ever the Board OF Directors shall determine, TWEEN
tytye per cent shall be payable at the time of sub
scription ana the balance ar SUCH tne as the said
board shall decide, but not mole than twenty five
per cent at any call.
No full paid prepaid stock shall be issued until
the whole OF the ordinary stock shal. have been
ARTICLE v
This company shal. 60 into effect az soon as the
cash payment OF the prepaid stock slai! nave bee2
made.
Should any subscriber or stockholder fail or ne
g!ect. refuse to pay pauctualiy his instalments
as they become due, or such percentage as may DE
called for by the Board OF Directors eight per cent
,t,a'f Ia JIaIe
ments or percentage called for until final pay
ment; and il payment be not made within thirty
the Board of Directors shall have the light of caus-
ing any shares on which itstaIments a per-
centage may be due to he sold at pubic auction or
otherwise. after fifteen day.. advertisement in any
newspaper published in the city OF New Orleans.
OK OF recovering by s'iit at law the amount due.
ARTICLE VII.
Receipts signed by the president and secretary
shall be given to Subscribers for the amount paid
in each: said receipts shall be surrendered 70 the
company OF issuing certificates OF stock.
ARTICLE VIII!
Trans!erers Of stock not fully paid shall assume
al Indebtedness thereon. and the shall have
to be accepted or approved bv the Board of Di-
rectOrs. No transfer OF less .Laa one full. share
VIII be permitted
ARTICLE TX.
This company is 20 exist and continue for the
full term Of twenty-.i -.iv, years, out NAY be dis
solved at any time before, with the assent of the
stockholders represented at a meeting expressly
called lor t.lat purpose, i'll which a majority
of twosA..4s OF the votes plese!s shall be neces
sary.
This company shall be capable in law to buy.
sell mortgage, take. receive. nod AMI in an? man
Ter ACQUIRE real estate. l. shall BE- and is hereby
authorized and empowered TO III AXE rules bylaws
aid ordinances, and to do and perform any and
everything needflIi for its government and Sup
port not repuSna1t to the constitution and laws of
the United states and of the State OF Louisiana,
and 10 tIis act OF Incorporation.
ARTICLE XL.
This corporation shall have a seal, with device
upon the same. representing buAch of sugar
canes, and having the name OF tie corporation in
the MargiA.
The said corporation shall De capable TO cite and
be cited to sue and be sued The president IL
his absence the secretary o. the pany shall be
the proper person upon whom to serve citations or
al other documents or wrIs in all suits against
the company. All contracts AID Instruments of
writing approved by the Board OF Directors shall
be signe! by the president and coUltersi.Ded by
the secretary 0; the company.
ARTICLE XIII.
The business OF the company shat. be managed
b. Board OF Directors, consisting of seventeen
Stockholders, eaCI OF whom shall own in his own
right twenty five shares of the capital stock of this
association. Seven directors present at any meet
ing shall constitute quorum, fully authorized TO
40 and perform al acts necessary for conducting
the bus ness OF the COMPANY.
ARTICLE XIV.
The officers OF ..l:s corporation shall be Pres-
dem secretary, and such other assistants or
Clerks as the Board of Directors may appoint The
President slla!! preside at each meeting of the
Board OF Directors. and in his absence, by sickness
or otherwise the Board OF Directors shall appoint
a President pro temDore. The President and Sec
retarv shall perform all the duties appertainins to
the: respective offices.
ARTICLE Nv.
The Board of Directors shall De elected by ballot,
except the first year, on the first Monday OF No
veniber il! eacA year, by the stockholders, vOtin.
in person or by proxy. at the Office of the company
in New Orleans of which election the Board of
Directors shall give al least fifteen days notice in
two newspapers published in New Orleans. The
board shall appoint three of the stockholders in.
speCtOrs to preside at such elections, and to make
If any of tie appointed inspectors decline or fail
TO attend. the President may appoint others to fill
such vacancies as may occur The Board OF Di.
rectOrs thus elected shall take their seats on TIE
third Monday OF the month OF their election, and
snail ho.d III" sane one year tlerefTOnl or until
Others qualified 20 act in their stead The iSt
annual election of the Board OF Directors OF this
company shall take place the first Monday OF
November. 1873, aud those then elected shall take
Their seats Oh the tIIlIl Monday IN the same
month.
ARTICLE WI.
Each share Of stock shall entitle the stockhoder
OWniLg the same 20 one vote, nut 40 Stcckholdcr
Shall vote en more than thousand shares. No
transt. OF stock made within the thirty days pre-
CediI.9 e.eC.icr! OF directors sha.. eNtite the
t;aIsttIte to cast his vote az Stc!, election.