New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-08-05
CORPORATIONS.
QUARTER CHARTER
BRINGiEg SUGAR EXTRACTING COMPANY.
STATE OF LOUISIANA-CITY OF NEW ORLEANS.

STATE OF LoUIs1ANA-CITY OF NEW ORLEANS.
Before me Adolphe Mazureau, notary public in
And for the parish of Orleans and city of New Or
leans State of Louisiana, duly commissioned and
qualified and in the presence of witnesses herein,
afte. named and undersig ned, 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-
ciated with them by subscription, purchase, t-ane-
fer or succession who declared that. awaiting
themselves Of the general law OF the state Of Lou
isana providing for the organization OF corpora
tons, they have covenanted aad agreed and DO by
these presents covenant and agree to form them
selves into association for the objects ana pc.
poses and Under the stipulatiOns, agreements cor
ditions and regulations hereinafter fully SET 'D'th
az the charte. by which sad corporation sha-. DC
governed.
The corporate name of this association sha.. be
Che 'Brlny;ev Sugar Extracting Company.
ARTICLE II.
The place of business and the legal domiciie OF
9his association shall be the city OF New Orleans
ARTICLE III.
The o,,iec. of this company shall be to construct
and sell 20 the sugar planters III the United states,
the appa. atrs for extracting the Juice from the
sugar cane known as the "Bringler Apparatus, the
oatents for which Mr.. NJ. ). Bringier does hereby
selI and has already sold BY an act passed in this
Off e of even date herewith to this company for
the consideration mentioned in article four.
ARTICLE ".
The capita; stock OF this company is hereby
xed at million of dollars, represented by ten
thousand shares Of one hundred dollars each.
/. Three thousand three hundred and thirty.
three shares of said stock are the property OF M
N. S. Bringer, and form the price and considera-
ton for which lac has agreed to sell, and has ac-
tualy sold to TINS company al his Fsht. ties
the apparatus invented By him for extracting the
juice from the sugar cane. This stock shall De con.
sidered a. full pad stock, and not liable TO any
contributions or assessments.
2. Three thousand shares are considered as paid
UP TO the amount and extent of ninety-fve dollars
half cash, and the balance not later than the hrst
ofOctober 1879. Out of these three thousand sares
six hundred are the property. in equal portions, OF
the thirty persons who advanced three thousand
dollars tor the first experiments with the appara-
tu5 under the name of the BriAgier ASSOCIATION,
signature under which the Bringier Association
was to be formed, the said act being annexed to
the transfer made By Mr.. Bringier to the present
Association, o. even date here with. thus leaving
balance oftwentY four hundred shares which have
been subscribed for by the parties hereinafter
named.
,. 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.
ty-fye per cent shall be payable the time OF sub
ecriptOn ami the balance at such time as the said
board shall. decide but not more than twenty-five
Per cent at any cali.
the whole Of the ordinary stock sha!! have been
subscribed FOX.
rhi. company shall 90 into etfec. a. soon as the
made.
Should any subscriber or stakeholder fail
gleet, or refuse to pay pHpctually his Instaments
as they become due, such percentage may be
called by the Board of Directors eight per cent
per annum interest shall be added to the install
ments percentage called for, until final 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 the right OF caus
ing any shares which instaliments or a per-
centage may be due to be sold at 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 president and secretary
shall be given TO subscribers for the amount paid
in cash; said receipts shall be surrendered to the
company on issuing certificates OF stock.
ARTICLE VIII.
Transferees of stock not fully paid shall assume
all Indebtedness thereon, and the same shall have
to be accepted or approved by the Board OF Di.
rectors No transfer OF less than one full share
will be permitted ,,r,c,r,
This company is to exist and continue for the
full term of twenty-five years. but may be dis.
solved at any time before, with the assent OF the
stockholders represented at meeting expressly
called Tor that purpose, in which case a majority
Of two-thlrds OF the votes present shall be neces
sary.
This company shall be capable in law TO buy
sell, mortgage take, receive hold and in any mau
authorized and empowered to make rules, bylaws
and ordinances, and to do and perform any and
everything needfC for lis government and sup
port not repugnant to the constitution and laws OF
the United States and Of the State OF Louisiana,
and tc this act o. Incorporation.
ARTICLE XI.
This corporation shall have a seal, with device
upon the representing bunch of sugar
canes. and having the maine OF the corporation II
the margin.
The said corporation shall be capable 70 cite and
president
his absence the secretary of thes company shall be
the proper person upon whom ~ serve citations or
all other documents or writS in all suits against
the company. Al! contracts and instruments of
writing approved by the Board of Directors shall
be signed by the presid ent and Countersigned by
the secretary of the company
ARTICLE XIII.
The business of the company shall be managed
by Board Of Directors, consisting of seventeen
Stockholders, each of whom shall own in his
right twenty five shares of the capital stock of this
association. Seven directors present At any meet
ing shall constitute quorum, fully authorized to
do and perform all acts necessary for conducting
the business o! the company.
ARTICLE XIV.
The officers of this corporation shall be Presi.
dent. Secretary, and such other assistants or
clerks as the Board of Directors may appoint. The
President shall preside at each meeting OF the
BOARD OF directors ana IN ms absence; oy sickness
or otherwise. the Board OF Directors shall appoint
+ President pgo tempore. The President and Sec.
aetary shall perform all the duties appertaining 20
their respective offices
ARTICLE XIV.
The Board of Directors shall he elected by ballot
except the first year, on the first Monday of No
vember III each year, by the stockholders voting
in person 10y orOXv the office of the com Dauv
in New Orleans OF which election the Board OF
Directors shall give at least fifteen days notice IN
two newspapers published in New Orleans Ta.
board shall appoint three of the stockholders in.
epectors "a preside at such elections and to make
the proper returns of the counting of the lots.
ii any OF the appointed inspectors decline fai.
TO attend. the President may appOin. others 70 ii.
such vacancies as may occur. The Board OF d..
third Monday OF the month of their election, and
shall hold the same year theretrOm, or until
Others qualified to act III their stead The first
annual election of the Board Of Directors OF this
company sinai take place on the first Monday OF
Novenber 1874, and those then elected shall take
their seats Oh the third Monday IL the same
month.
Each share OF stock shall entit.e the stockho.de,
shall vote more than one Thousand shares. No
transfer of stock made within the thirty days pre-.
cedng au election OF directors sia!. eatitle the
transteree to cast his vote at such election.
ARTICLE XVII.
The Board of Directors at their frs. meeting
after their election shall choose one OF their num-
Der for President OF this corporation. and said
election shall be be- bao. and by majority OF .ae
'1''' ARTICLE XVIII
ANY director about to absent himself Coz period
81 six months may appoint a substitute IN ms
own right not less than twenty-five shares OF the
capital stock OF the company, and provided also
said substitute be approved or elected by she
Board o: Directors for the time being.
ARTICLE XIX.
The Board o: Directors shall appoint secretary !
and suct clerks or assi.tauts NAV be required !
and remove the same a. pleasure and shall TX the |
salaries OF all officers Of this company and the /!
amount OF security 30 be required of any officer,
employe or agent. The board may also delegate /.
such power in the transaction of the ordinary |
business OF the company to committees CT their !
own body, or to their officers agents as they |
may deem expedent. The board shall also have !