New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-08-17
( .fIARTER. .........CHARTER
E2iSG,ER SUGAR EXTRACTING COMPANY.


EaiSG;ER SUGAR EXTRACTING COMPANY.
STATE OF LOUIsIASA-CiTV OF NEW ORLEANS.
Before NJ. Adolphe MazuIeaU, notary public in
and tor the parish of Orleans aud city o: New Or.
leans. State OF Louisiana, duly commissioned and
qualified, and in the presence o. witnesses herein.
after named and undersigned, personally came ana
appeared the parties whose names are hereunto
subscr bed. acting for themselves as cOrporators.
and for such other persons az may become asso-
ciated with them bv substitution. purchase, trans
Ter succession, who declared that. avaiIns
themselves of the general law of the State OF Lou
:siana providing for the organization OF CORPORA
tons they have CovenaIted and agreed and do Oy
selves association Tor the objects and pur-
poses and under the stipu,aiDus, agreements con-
dtions and regulations hereinafter fully set forth
the charter by which taid corporAtio. SHAH be
governed.
The corporate name Of this association, shsl! ne
.lie ''Bvinsier Sugar Extracting COMPANY.
ARTICLE II.
The r'aee Of business and TIE legal t0nii.:,a .:
tn:s association shall be the city OF Ne" Orleans
ARTICLE lI'.
Tie object OF this company sha,. i~ ~ construct
and sell the sugar planters in the United States
the apparatus for extracting the Juice from the
sugar cane known as the 'Brin ger Apparatus. the
patents for which Mr.. ". s. Brlngier does hereby
sell and has already sod by an act passed IN tins
office of even date herewith TO this company. Tor
the consideration mentioned IL article !ou:.
ARTICLE ".
T'.n capital stock of this com pan- IS Hereby
fixed at million Of dollars represe1:' by tea
thousand shares of one hundred dollars each.
l. Three thousand three hundred and thirty.
tlyee shares OF said stock the property OF Mr.
u. 5. Brirgier and form the price and conside ra-
ton Tor which he ha, agreed TO sell. and ha. ac-
,ualy sold to this company al! his rights, titles,
the apl aratrs nveIttd By him for extracting tA'
c. from the sugar cane. THIS stock shall be con.
iderel as tail pad stock, anu not liable TO al!
c ,n:rbutlons or assess Y ents.
?. Three thousand shares CONSIDERED! as paid
up TO the amount and extent OF nIety-iive dollars
per share the remaining tive d0lafsi 10 lie PAID one.
half cash, and the balance not later than the hrst
OF October 1915 Out OF these three Thousand shares
SIX hundred are the property in qusl portions
the thirty person who advanced three thousand
dollars for the first experiments with the appara-
| tu, under the name of the Dringier Association,
and whose names apPt ar III the act Under p:lvaf"
| signature under which the Brin9ier ASSOCIATE on
| was to be formed. the said act being annexed TO
the transfer made by Mr. Brngier 20 the present
associa ton of even date herewith thus leaving a
balance oetwenty four hundred shares which have
! been subscribed for by the parties hereinafter
named.
3. On the remaining three thousand six hundre,!
and sixty-seven shares Of the ordinary stock tor
! which subscription books shall be opened when.
ever the Board OF Directors shall deter miue TWEEN
ty-iive per cent shall be pay able at the time of sub
scripi0n and the balance at such time as the sai:
| board shall decide, but no. more than twenty We
| per cent at any cali.
No full paid prepaid stock shall De .ssre,! until
| the whole o: the ordinary stock sLal. have been
subscribed tor.
ARTICLE =.
THIS Colnanv shall go into etfe': soon as =.
cash payInea 4: of the prepaid stock shall have teei!
made.
ARTICLE W
Should any subscriber stockioiier fs.i. o. re-
gec'. refuse to paw puDctuall, his llstalimen;i
as they become due or st;ch percentage as may he
called Tor by the Board OF Directors eight per cent
per anaum interest shall be added TO the install.
ments or percentage called for. INIT! Eral pay
mant and If ayment be not made within thirty
days after the specified time for making The SAINT
III. Board of Directors shall have the ght OF Gau,
ing any shares which :lsta.lm-nts or "A PEI
ctntage may be due to Oe s0f at public auction OIL
Otherwise, after fifteen dsv. advert isement in any
newspaper published IL the city OF New OrleaL.
OF o! recovering by suit az law the aUcUa: GU..
ARTICLE VII
RECEIPTS signed by the president and secretaIv
siia.. be given to subscribers oc Iii" amount pai
in cash: said receipts shall be surrendered 10 III.
c1n! psiy o. 5su!n. certificates OF stock.
ARTICLE VII.