New Orleans Republican., 1873-08-28
CORPORATIONS.
CHARrEK OF the LOUISIANA MAN.
UFACTURING AND PROpELLING COMPANY.
STATE OF LOUISIANA-CITy OF NEW ORLEANS.


STATE OF Lou1s1ANA-CITy OF NEW ORLEANS.
Be it known that on this twenty sixth day Of
August in the year thousand eight hundred aud
seventy three before me, Marcel l. DucTOs,
notary public in and for the city and parish OF Aev
Orleans, State OF louisiana aforesaid, 0uly c'M'
mssioned and sworn, personally came anu R ab
peared the parties whose names are hereuhto suo.
scribed, WHO declared that awaiting themselves ol
the provisions of the statutes of relative
to the organization Of corporations IN TINS state
they covenant agree and bind themselves, those
whom they represent, and those who may mere
| after become members OF this corporation, py
subscription purchase succession or otherwise 10
form themselves into, and constitute corporation
for the objects and purposes and under the ttlpu
latiOns following to wit
ARTICLE l.
| The name snd ttle Of this corporation shall be
The Louisiana Manufacturing and propelnns
Company" and its domicile is hereby established
| iu the city Of New Orleans, State OF Louisiana
ARTICLE II
The objects and purposes Of this association are
hereby Jared 70 be the manufacture and vend
ing OF machinery and engines. genel ally and spe
cially, for the propeDg OF cars or other vehicles
ana also the Vending and and dlsposng s Of % certain
The president, or i'll his absence, the secretary
shall he the propsr person uPoo whom all citations
Sb1u be served.
ARTICLE III.
The said association shall commence operations
from the date OF this charter, and shall exist for
the space of twenty hve years; it shall have the
rlS0b TO make COulIACtS III udIus, W
chase and sell movable and immOvable property.
and make BY laws for the manas emsnt Of its Affairs
ARTICLE
J Tho capital stock Of the corporation 10 fixed at
two millions of dollars. Represented by twenty
which shall be paid in full st the time Of cub
scriptloD.
Eight tnoussn shases Of said stock are hereby
declared 10 be the property of Henry c. Bull, of
Epy Orleans and cOnSfIfutH the consideration for
which he has agreed to sell and transfer and does
by these plesepts actually sell and transfer TO this
corporation S his rights, title and interest in all
patents and caveats applied for OF to be applied
for by him, issued or to be issued to him. for i'm
ths Of fr &!
States Except however. his rights 20 patent No.
l24 327, already sold), which said eight thousand
shares of stock shall b. considered fully paid and
shall never be subject to any assessment whatso-
ever.
Tho remaining twelve Thousand shares shall 10
offered 20 the public Provided, however, that for
thirty days from and after the date hereof the
stockholders of the United States and European
PYepelng Car Company shall, to the extent Of six
thousaSd shares, have the privilege to subscribe
to the esent stock, and to pay for the same by
said United ststes and European sropslling Car
Company, and fifty cents in cash for one share OF
the present company. fully paid; and provided
also that foH thirty daye from and after the date
hereof the bondhOlders of said United States and
European PrOpelling Car Company shall. to the sx
tent six shousand shares, have the privilege to
subscribe to tho present stock and TO give in pay
msnt one bond Of ono hundred dollars Of taid
United States and European fropelling Car Com
pany f0s 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 ".
THE association shall have q corporate seal che
device Of which shall be - Pelican FEEDING !ts
youngr with the name of the company aud thst
VI this city encirclinG it.
ARTICLE VI
;o%;os sban have ~ noR
all the directors thereof 20 issue bonds on such
terms and under Such conditions they may
deem proper pledgng, if necessary, the property
however, that such bonds shall only be used 20
raise money to carry on the objects Of this charter
and provided. also, that sa1 objects specified
in the resolution authorizing the ISSUE
ARTICLE VII
All centracts bonds, checks or other Instruments
issued by this association shall be signed by the
president aud countersisned by the secretary.
ARTICLE VIII.
All the POWERS Of this association shall be eAeY-
stockholders, four Of whom shall form quorum
for the transaction of business. They shall elect
all the oesns clerk, and empleys1s f Of m hs corr
cies which may occur in their body tor whatever
cause OF reason.
ARTICLE TX.
The following named persons shall constitute
the first Board Of directors Of this corporation, to
wit: hepry G. Bull, A. W. Walker, J. Z. Cannon,
+. >. Case, Sam II. Houston, Joseph RAYMOND N.
Faunce; and they shall hold their office until their
successors are tlected and have qualified. Henry
c. Bull is hereby declared to be president and su-
peIintendsnt, and Augustus W. Walker. secretary
and treasurer of this association, and their term
of office shall expire with that u the first Board
OF Directors
ARTICLE
On Che first Monday of November, 1878, and bien-
nially thereafter election for ten directors Of
this association shall be held bv the stockholders,
- ot4Iao nf t1,A FROM a N IN
NJ. ma jOrity Of the votes cast at such election
Sd all elect Notice of such election shall be given
by advertisements inserted for thirty days in two
Newspapers published in the CITY OF New Orleans.
After said election the board of directors shall
sls Ct from among its niembeIs president, secre
1ary, q Superintendent and q treasurer; it shall
also elect such officers clerks and employee as
may be necessary for the conducting Of the busi-
ness Of said association. The president, secretary,
Superintendent and treasurer shall continue in
Office during the term of the board which elects
them. No director or officer shall 10 removed ex-
against him at q regular meeting Of tho board and
recorded in the minutes an inquiry shall be called
for by vote Of three fonlths SC OF ali ths directors:
lege TO defend himself The decision of the board
shall be rendered at a subsequent regular meeting,
and the party in accusation shall only be renewed
by vote Of three -fOurths Of all Tie directors.
ARTICLE Xi
Any ste clholder or stockholders representing in
the aggregate one.tenth of the capital stock Of
this association may demand from the president
bOlders and the refusal OF neglect Of the pres
dent SO TO do said stockhOlder stockholders is
and are hereby authorized five days after such de-
mand, to call such general meeting by advertise
call. and inserted for thirty days in two news
papers published in this city
ARTICLE XII
The stockholders of this association at the gen
eral NEE ting convened ss aforesaid or at general
meeting convened as provided for in article thir-
teen, shall have power to make any changes, add
tiOns notifications to this act OF incorporation,
to dissolve the company, provided three tOurths
of the stock present and represented at such meet
ing shall vote in favor Of such proposed measures
and any and all such changes, additions, mo6iica-
tions or dissolution shall be recorded required
by law.
The liquidation Of the affairs of the COMPANY
whether the same be dissolved by termination of
charter or by vote OF the stockholders shall be
made by three commissioners elected by the stock
holders from among their own number if the liqui-
dation takes place by termination of charter they
shall be elected at general meeting convened for
the purpose one month prior to the date OF said
limitation, after thirty days notice in two news
papers published in this city; if the liquidation
takes place by vote of the stockholders, said
commissioners shall be elected at the general meet.
ing at which such measure adopted. The
duties of said commissioners shall be to liquidate
the affairs of the company on such terms and in
such manner may he determined by majority
of tbree-fOurths of all tine stock represented 1t
such nesting.
Thus done and passed in my Office. at the city of
New Orleans aforesaid the day, month and
year first above written, and in presence of Will
liam Keila and Louis ". DucrOs, competent wit
and me, notary.
Original signed
Henry G. Bull. L. ". Walker,
J. Z. Cannon. =. Case,
al u Raw