New Orleans Republican., 1873-08-24
CHARTER



(SHARTER. ......"....CHARTkk
Is- .-. r.l OF rHs
sRRINGrER SUGAR EXTRACTING COMPANY.
stats OF IouEsIANA-CrTy OF NEW ORLEANS.
Before me- Adophe Mazureau . notary public In
and for the parish of Orleans aud city OF New Or;
aasS, % and in the presence Of witnesses herein
after named and undersigned, personally came auo
appeared the parties whose names Gre hefeunto
subscribed, acting for themselves, as cqlporators'
and for such other persons as may become asso-
ciated with them by subscription purchase, trans
tet or who a. .sa. sas; ~ Ln
isiana providing for the organization Of corpora
tions they have covenanted and agreed; and DO 0y
selves into an association for the objects and pur
poses and under the stipulatlOns, agreements con
ditiOns and regulations hereinafter fully set f0rfh
a. the charter by which said corporation shs4. %
$50 - IS ARTICLE l. .El .. slcJ l.
The corporate name Of this association shall DO
the 'sBringier Sugar Extracting Company
E]l. I1n q" ARTICLE II. --'- F"
The place of business and the legal domcile of
this association shall be the city OF New Orleans
ARTICLE III.
The object of this company shall be 70 construct
and sell the sugar planters in the United states,
the apparatus for extracting the Juice from the
sugar cane known as the Bringier Apparatus the
s~I ard has slreadv sold, by an act passed in this
office OF even date herewith to this company, tor
the consideration mentioned III article foor
. ,,s e- ARTICLE ~. 81 s.r .z.l. . t.
The capital stock, of this company is hereby
fixed at ore million of dollars, repre- seatt oy ten
thousand shares of one hundred dollars each.
|. Three thousand three hundred and thirty.
three shares Of said stock are the property OF Mr..
N. S. Bringier. and form the price and considera-
ton for which he has agreed to sell and has ac-
tualy sold 70 this company all his rights titles, e.
the apparatus invented by him for extracting the
juice from the sugar cane. This stock shall oe con.
sidered as fun paid stock, an! nos liable to any
contributions or assessor entk.
2. Three thousand shares are considered as paid
up to the amount and extent of ninety -hve dollars
per share the remaining five dollars to be paid one.
half cash. and the balance not later than the first
of October 1873 Out of these three thousand sharee
six hundred are the property, IN equa portions, oi
the thirty persons who advanced three thousand
dollars for the first experiments with the appara
tus under the name Of he BriBger ASSOCIATION
ssnstups sa under SR.c the Brnser Association
was to be formed. the said act being annexed to
the transfer made by Mr. Bringier to the present
association. of even date here with, thus leaving q
balance Oftwenty four lundled shares which have
been subscribed for by the parties hereinafter
named.
and sixty seven shares of the ordinary stock tor
which subscription books shall he opened when
tyve per cent shall be payable at the time OF sub,
scriptiOn and the balance at such time as the eaid
board shall decide, but not more than twenty i've
No full paid or prepaid stock shall be issued until
the whole Of the ordinary stock sha. have been
subscribed for.
This COMPANY shall go into effect as soon as the
cash payment Of the prepaid stock shall have 0eer
mAde ..... #
ARTICLE VI
Should any subscriber stoekhelder fai. or ne
elect or refuse to pay pHpctually his instaments
as they become due, or such percentage as may be
called for by the Board of Directors eight per cent
Per annum interest shall be added to the install
ment; and if ayment 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 nstallments or per
centage may be due to be sold at public auction or
otherwise after ffteer days advertisement in any
newspaper published in the city of New Orleans
or OF recovering by suit at law the AMOUNT Gue.
f' ARTICLE VT.
Receipts signed by the pres;den. and secretary
shall be given to subscribers tor the amount paid
in casl: said receipts shalt be surrendered TO the
company on issuing certineates OF stock ..li
ARTICLE VIII. - = ;,
rrans:erees of stock not fully paid shai. assume
all Indebtedness thereon, and the same shall have
to be accepted approved by the Board of Di-
rectors. No transfer of less than ole full share
WAL ~ - '''' ARTICLE IL
This company is to exist and continue for the
full term OF twenty-five yeals, but may be dis
stockholders represented at meeting expressly :
called for that purpose, in which case majority
OF twe-thiyds OF tile votes pleseu: shat be aeces
sary.
This company shall He capable IN law 70 buy,
sell mortgage, take. receive, hold and in any man
acquire real estate. It shall be- and as hereby
aut tliorized and empowered 20 make rules, bylaws
and ordinances, and to de anil perform any and
everything neediui for its goyetnment aad sup,
the United states and of the Stale % LOUISIANA
and 10 this act OF Incorpo,atiC-.
ARTICLE w '-
| Tis corpora lion shall have sea. ~i:h devils.
upon tie same. representing bunch OF sugar
canes, and having the name 81 tas corporation II.
tie pars.h
The said eorpora lion shall be cspaia 20 cite and
te cited, to sue and oe sued The president or "a
bis absence the secretary of the company shall be
the proper person upon whom to serve citations OF
all other documents or wItts in all suits against
| the COMPANY, All contracts and Instruments 0!
writing approved by the Board OF Directors shaI
be signed BY the presid ent aud cOuDtesssnea by
the secretary OF tie COMPANY.
ARTICLE KIT.
The business Of the com pany shall se managed
by Board OF directors, consisting OF seventeen
stockholders, each Df whom shall own IN his own
right twenty shares OF the capital stock OF tins
association. Seven directors present at any meet
ing shall constitute Quorum fully authorized 20
do and perform all acts necessary tor soaductiA2
the business of the company.
e. ..4- ARTICLE XIV -
The officers of this corporation skall be sPres
| dent a Secretary. and such other assistants OF
clerks % the Board OF Directors 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 Directors shall appoint
| President pro fempOre. The President and Sec
aetary shall perform all the duties apper.ainins tc
| their respective ofifces
ARTICLE XIV. ,--
The Board Of Directors shall be elected by ballot
except tho first year, on the first Monday Of No
vem6er in each year, by the stockholders, voting
in person by proxy, at the Office of The COMPANY
in New Orleans of which election the Board o.
Directors shal sveat least fifteen days notice II
| two newspapers published in New Orleans. Tht
spectors to preside At snch elections and to make
the proper returns Of the counting OF the ballots
| II any Of the appointed inspectors decline or fsi
to attend. the President may appoint others to q
| sueh vacancies as msy occur. The Board Of Di
rectors thus elected Shan take their seats thu
third Msnaay Of the month Of their election, a16
08Ssro aso qualified - Get In thar etaa The In
| ANIMAL electien Of the Heard M Directers Of thi
l. alvnlo 0D -1Fuk -A001nW d