New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-21
HHARTER OF THE LOUISIANA MAN.
yFACTURING AND PROrBLLING COMPANY.
STATE OF LOUISIANA-CITY OF NEW ORLEANS.

| n ..A~Ae.A $3.50 - AAAAS sOAASA<AAsSA 4A<AA~-
yFACTURTNG AND PRorsLL1Na COMPANY.
STATE OF LoUIsIANA-CITY OF NEW ORLEANS.
Be IL known that on. this twenty sixth day o!
August in the year one thousand eight hundred aud
seventy-three, before me. Marcel r. Ducros, q
notary public in and for the city and parish Of New
Orleans State Of Louisiana aforesaid, duly CEN.
peared the parties whose names are hereunt0 sub.
scribed, who declared that, sysihng themselves Of
to the organisation of corporations In tkis 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 to
form themselves into, and constitute corporation
Tor the objects and purposes and under the stipu-
-...,,. .-t- ARTICLE l. r.t.- .-
The name and title Of this corporation shall be
The Louisiana Manufacturing and ;Propelling
u 9hs s q STATE Of
5 ARTICLE H. , .-.-.4-. 2 Z
The objects and purposes of this association are
hereby declared to bs the manufacture and vend-
ing of machinery and engines generally, aud epe-
cially for the propeing of cara or other vehicles
and also the vending aud disposing Of certain
patent rights acquired under the present act.
The president or in his absence, the secretary,
shall be the proper person upon whom all citations
ARTICLE I'LL ..,.,
The said association shall commence operations
from the date of this char ter and shall exist for
the space of twenty five years; it shall have the
right to make contracts IN its corporate name to
chase and sell movable and immovable property,
and make bylaws for the manAs ement OF its atAiEs
ARTICLE -,---,,... q
The capital stock of the corporation is fixed at
two millions Of dollars. represented BY twenty
thousand shares, of one hundred dollars each
which shall be paid in full at the time Of sub
scription. ..- ..'
Eight thousand shares of said stock are hereby
declared to he the property of Henry G. Bull, of
New Orleans, and constitute the Onsi2eratiOn for
which he has agreed to sell and transfer, and does
by presents actually sell and transfer to this
corporation all 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
sns TIM Of Engines for shs Gited
States Except however his rights to patent No.
r. 81 already Sold which said FIGHT thousand
shall never be subject to any assessment whatso-,
ever.
offered to the public Provided, however, that for
thirty days from and after the date hereof the
stockholders of the United States and European
Propelling Car Company shall, to the extent Of six
Thousand shales, have the privilege to subscribe
to the present stock, and to pay for the same by
to the present one shats Of
Company, and fifty cents in cash for one share Of
the present company, iuny paid; and provided.
hereof the bondholders OF said United States and
European Propelling Car Company shall. to the ex-
tent of six thousand shares, have the privilege to
subscribe to tho present stock and to give in pay
ment one bond ,Of ono hundred dollars of eaid
United States and European PrOpelling Car Com
pany 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. ,-.- 1
This association shall have corporate seal, the
device of which shall be "a Pelican feeding ITS
young" with the name of the company and that
OF this city encircEng it. ~ .-
ARTICLE VI
This association shall have power by vote of
all the directors thereof to issue bonds on such
deem proper, pledgng, if necessary, the property
of said company or any part thereof provided,
however, that such bonds shall only be used to
and provided. also, that said objects are specified
in the resolution authorizing the issue. 5..-5
ARTICLE VII
All contracts bonds, checks or other Instruments
issued by this association shall be signed by the
president and countersgned by the secretary.
ARTICLE VIII
All the powers OF this association shall be exer'
cised by a board Of directors, to consist Of ten
stockholders four of whom shall form quorum
for the tralisaction Of business They shall elect
all the officers clerks and employees of the COM
pany and shall have the right Of filling all vacan-
cies which may occur in their body, fOc whatever
cause or reason.
ARTICLEIX.
The following named persons shall constitute
WIT WIT n Henry P1a g. B Bull " walker Cannon
F. +. Case. Sam H: Houston, Joseph RAYMOND, M.
T. Ducros, Ben We'll, J. T. Austin George A.
successors are tlected and have qualified Henry
G. Bull is hereby declared to be president and su.
ard treasurer of this association, and their term
of Office shall expire with that of the first Board
of Directors
On the first Monday of November 1875 and bien.
Dially thereafter an election for ten directors Of
this association shall be held by the stockholders,
at the office Of the company, from 10 A. NJ to 3P.
NJ majority of the votes cast at such election
shall 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
elect from among its nleInbeIs president, secre-
tary superintendent and treasurer; it shall
also elect such officers, clerks and employees as
may be necessary for the conducting Of the bust
ness Of said association The president secretary,
super ntendsnt and treasurer shall continue In
Office during the term Of the board which elects
them. No director or officer shall be removed ex.
cept for just cause-charges shall be preferred
against him At regular meeting OF the board ana
for by vote Of three fourths Of all the directors
and the party accused shall be allowed the priv,
shall be rendered at snbsequent regular meeting,
and the party in accusation shall only be removed
by vote of three-fourths of all the directors.
ARTICLE XII.
Anv steckholder or stockholders representing in
tho aggregate one.tenth OF the capital stock OF
this association may demand from the president
the COnvOc6tl0n OF general uleotlnS OF BtOck.
holders aud on the refusal neglect Of the presi.
dent 90 TO do, said stakeholder stockholders IL
and are hereby authorized, Ave days after such de-
mand to call such general meeting By advertise.
ments signed by the party or parties making such
call and inserted for thirty days in two news
pepers published in this city. = "
ARTICLE XII.
The stockholders Of this association, at the gen
eral NEE ting convened = Aforesaid or ct general
meeting convened - provided for in article thir
teen. shall have power to make any changes, addi
or to dissolve the company, provided -fourths
Of Tho stock peesent and IspfsssntsA Ut such inset
ing shall vets IN favor Of such propesed mea.uress
taoss OF dissslutisa shall = rscssdsd - required
sort tEA A1zICI8 xm. II a.. I'm
= - s. e: ~, = = e: 80,