New Orleans Republican., 1873-07-20
~ I'V 80
4 @HARTEK
BR1NGIER SUGAR EXTRACTING COMPANY.
STATE OF LOVIs1aNA-ClTY OF NEW ORLEANS.

STATE OF LoVIs1ANA-CITY OF NEW ORLEANS.
EefoIc me !.dolphe Mazslreau. a notary p:.bllc il
and tOI the parish of Orleans aud city OF New Or
leans State or Louisiana, duly commissioned and
qualified and in the presence OF witnesses herein
after named and undersi gned personally came and
appeared the parties whose names are hereunto
subscribed acting for themselves, as corporatcs,
and for sCcE other persons as may become assC-
ciated with them by srbscription purchase, t'aIs-
fer or succession, who declared that. avalIIug
themsel Yes Of the general law o. the State or Lou
isan;s provdlg for lEe organization OF corpora
tions thev have covenanted and agreed and do by
these presents covenant and agree TO form them
selves into association for the objects and par
poses and under tie stipu!ations agreements con-
ditio.s and regulations hereinafter .N!ly SCI forth
as he charter by winch sald corpoIa:lon sha. pe
governed.
The corporate name of tl.is association s.:: be
tie BIing!tT Sugar Extracting Conl.nJ.
ARTICLE H.
The p.:.n Of tbusiness and the tie legal loniice OF
tbs association shall be the city o: New Orleans.
ARTICLE III.
The otiect o. this company slIai he 20 construct
and sell 10 the sugar planters. III the United States,
sugar cane known as The 'Bringier Apparatus, the
patents for which Mr.. NJ :. BriLgser does herei
ell AID has already sold, by an act passed IN this
Office OF even date herewith TO this company, for
the csde:a.:On mentioned 10 article tour.
ARTICLE ".
The capita, stock Of this company 10 hereby
fixed al million of dollars, represented d oy ten
thousand shares OF one hundred dollars each
!. Three thousand three hundred and thirty.
three shares of said stock the property of Mr.
N. 5. Bringier, and form the p'!ce and consideIa-
ton iOr which he has agreed to sell, and has ac-
tually sold TO this company al! his rights, titles
interests, patents, etc. for the United States III
jnice from the sugar cane This stock shall be con.
sidered fall paid stock ard not .la bic to any
contributions or assessments.
?. Three thousand shares are considered as paid
up to the amount and extent OF nnetytive dollars
per share. the remaining five dollars to be paid
half cash. and the balance not later than the ii, st
of October 1873 Ont of these three thousand sharea
six hundred tie property, IN equal portions of
the thirty persons who advanced three thousand
dollars for the first experiments with the aDpara
tus under the name OF the BriHgler Association,
and whose names appear in the act under private
signature under which the Bringer association
was to he formed. the said act being annexed to
the transfer made by Mr.. BrinGier to the present
association of ever date herewith. TINS leaving
balance of oftwenty-fOur hundred shares which have
been subscribed for by the parties hereinafter
named.
3. On the remaining three Thousand 81. hundred
and sxty-seven shares of the ordinary stock for
which subscription books shall be opened when
the Board of Directors shall determine, TWEEN
ty five per cent shall be payable at the time Of sub
scription and the balance at such time the said
board shall decide. but rot more than twenty-five
per cent at any cal.
No full paid or prepaid stock shalt be issued until
the whole Of the ordinary stock shall have been
subscribed for.
This COMPANY shall 90 into effect the
cash payment OF the prepaid stock shaI. have been
made.
ARTICLE VI
Should any subscriber or stockho'der faii or ne
gect, OF refuse to pay pHrctually his lnstalments
as they become due or such percentage as nav be
called for by the Board OF Directors eight
per aunum interest shall be added to the install.
ments percentage called foI, until f;pal pay
ment; and if payment be not made within thirty
days after the specified time for making the same,
the Board of Directors shall have he ght cf s.
shares which InStalImeQtS
centage may De due to oe sold ii public auction or
otherwise, after fifteen days advertisement in any
newspaper published in the city of New Orleans,
or OF recovering by suit at law the amount due.
ARTICLE VII.
Receipts signed by the presiden: and secretary
shall be given TO subscribers for the amount pad
in cash; said receipts shall be surrendered to tie
company On issuing certificates of stock.
ARTICLE vii
TransfeIees of stock not fully pad shall assume
all indebtedness thereon. and the same shall have
rectors No transfer of less than one fall snare
viii be permitted.
ARTICLE TX
This company is to exist and continue for the
full term OF twenty-five wears, hut NAV be l,is-
solved al any time before, with the assent o. the
stockholders represented at a meeting expressly
called tor that purpose, in which majority
OF two-tliirds OF the votes present snail be
saTy.
lRTICIEx
This company shall be CAPABLE i, law TO buy,
sell, mortgage, take. receive hold and in any man
lire real estate. 1t shall De and is hereby
authorl ed and empowered to make rules, bylaws
everything needfu for it's government and sup
port not repugnant to the constitution and laws of
the United states and of the State Oh Louisiana,
ana to this &C: 81 Incorporation.
ARTICLEX.
This corporation snail have seal, with device
upon the same, representing buAch of sugar
canes and ha'iEs tie nar.e Of the corporation /.
the margin.
ARTICLE III
Tho eaid corporation s.all oe capable to cite and
be cited, to ele and be sued. The president in
bis absence the secretary of lie company, shall be
the proper person upon whom 10 serve citations OF
all other documents or writs i'll al quits against
the company. All contracts ana instruments of
writing approved by the Board OF Directors shall
be signed 10y the presto ent and eountersigned bv
tie secretary OF the company.
ARTICLE XIII
The business of the company shah be managed
by a Board of Directors, consisting of seventeen
stockholders, each of when shall own n MS own
right twentyh i've shares OF the oapia stock of this
association. Seven directors present Al any meet
ing shall constitute quorum fully authorized to
do ana perform all acts necessary for conducting
the busne Of the company.
ARTICLE XIV.
The officers Of this corporation shan be y Pres-
dent. Secretary. and such other assistants or
clerks as the Board of Direc ors may appoint The
President shall preside at each meeting OF the
Board OF Directors and in his absence. by sickness
or otherwise the Board of D rectors shall appoint
a President pro tempore. The President and Sec
retary shall perform all the duties appertaining %
Their respective Offices.
ARTICLE Nv.
The Board of Directors shall be elected by ballot
except the first year, the first Monday of No
yember III each year by the stockholders, voting
IN person or by proxy, at the off CO of the company
in New Orleans: OF which election the Board OF
Directors shall give at 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
the proper returns of the counting of the ballots
If any of the appointed inspectors decline fail
to attend the President may appoint others to fill
such vacancies may occur The Board OF Di
rectOrs thus elected shall take their seats on the
third Monday OF the month of their election, and
shall hold the same one year th-refrom, or until
others are quared to act in their stead. The first
annual election of the Board Of Directors of this
November. 1874 and those then elected shall take
their seats OF the third Monday III the same
month.
ARTICLE XVI
Each share Of stock shall entitle the stockho,der
owning the same to one vote, but no stockhoider
shall vote on more than one thousand shares. No
transfer OF stock made within the thirty days pre-
ceding an election of directors shall entitle the
transfe!ee 70 cast his vote at such election.
ARTICLE XVII.
The Board Of Directors at their first meeting
after their election shall choose of their num-
Der for President of this corporation, and said
election shall be cy ballo ana by naj0rit. 0: the
whole board.
ARTICLE xvIT.
"h> aie'."f aoout 10 Aoseho hiinsrn Iof pe!i"
OK SIX months may appoint a substitute III rs
stead; provided said substitute shall have IL his
own right not less than twenty tve shares o. the
captai s'''k o! the company, and provide also,
sad substitute DE approved el-cte: by .ae
Board u Directors for the time peLs.
ARTICLE XIX
The Boar! 81 Directors shall appo mt a secretary
and sucH Clerks or assI Itants as NAV be REQUIRED,
and remove the same at pleasure, and shall hx the
salaries OF al officers of this company and the
amount OF security to be required of any officer,
eDploye or agent. The board may also delegate
such power in tie transaction of the ordinary
business OF the company to committees OF their
own body, or to their officers or agents as they
may deem exped!ent. The board shall also have