New Orleans Republican., 1873-08-27
CORPORATIONS.
QUARTER OF THE LOUISIANA MAN.
UFACTURING AND PROrELLING COMPANY.
STATE OF LOuISIANA-CITY OF NEW ORLEANS.

CHARTER OF THE LOUISIANA MAN.
uFAcrURING AND PRorELLING COMPANY.
STATE OF LOuISIANA-CIrY OF NEW ORLEANS.
Be it known that on this twenty sixth day Of
seventy three, before me. Marcel 7. DucrOs. a
notary public in and for the city and parish OF New
Orleans State of louisiana. aforesaid, duly c"m'
missioned and sworn, personally came and aP-
peared the parties whose names are hereuntO sub.
scrbed, who declared that, availing themselves of
the provisions of the statutes of Louisiana relative
to the organization of corporations in this 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 otherwise, to
form themselves into, and constitute corporation
for the objects and purposes, and under the stipu'
lations following, to wit
ARTICLEi.
The name and title Of this corporation shall be
'.The Louisiana Manufacturing and Propelling
Company" and its dSmclle Si is hereby estanlshed
ARTICLE II.
The objects and purposes of this association are
hereby declared to bs tine manufacture and vend-
ing of machinery and engines, generally and spe-
cay for the prOpellins of cars or other vehicles,
and also the vendng and 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
shall be served
The said association shall commence operations
from the date of this char ter, and shall exist tor
the space Of twenty i've years; it shall have the
right to make contracts in its corporate name, to
sue and be sued, to own, receive mortgage, pur.
chase and sell movable and immovable property.
and make by laws for the manag ement OF its affairs
ARTICLE w.
The capital stock Of the corporation is liked 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
scrlptlOD.
Eight thousand shares OF said stock hereby
declared to be the property of Henry c. Bull, of
New Orleans and constitute the consideration for
which he has agreed to sell and transfer and does
by these presents actually sell and transfer to this
corporation all his rights title and interest IN all
patents and caveats, applied for or to be applied
prOvemenrs in machinery for propelling purposes
and the manufacture of engines for the United
ia 327, already sold) which said eight thousand
shares of stock shall be considered fully paid and
shall never be subject to any assessment whats0
The remaining twelve thousand shares shall be
offered to the public. Provided, however, that for
thirty days from and after the date hereof the
frOpelling Car Company shall, to the extent Of six
thOusaEd shares, have the privilege to subscribe
delivering to the present company one share of
said United States and European Propeiling Gar
Company. and fifty cents in cash for one share OF
the present company. fully paid; and provided
also that for thirty days from and after the date
hereof the bondhOlders of said Emitted States and
tent Of six thousand shares have the privilege to
subscribe to the present stock. and to give pay
ment one bond OF Oae hundred dollars OF .ald
pany for one share OF one hundI ed dollars of the
present corporation. No transfer Of stock shall be
made except on the books Of the company.
ARTICLE v.
This association shall have q corporate seal the
device of which shall bs "a Pelican FEEDING lts
no
OF this city eucrclng 1t.
ARTICLE VI.
This association shall have power by vote of
all the directors thereof to issue bonds on such
terms and under such conditions they may
deem proper, pledsing, if necessary. the property
of said company or any part thereof: provided.
raise money to carry the objects of this charter
and provided. also, that said objects are specified
in the resolution authorizing the issue.
ARTICLE VII
Ai contracts bonds checks or othe, Instruments
issued by this association shall be signed by the
president aud cCuntersigned by the secretary.
ARTICLE VIII.
/ Ali the powers Of this association shall Be exer-
cised by board Of directors 70 consist of ten
stockholders four OF whom shall form quorum
for the transaction of business. They shall elect
all the Officer0 clerks and employees of he com.
pAny and shall have the right Of filling all vAcan
cies which may occur in their Lody. tOT whatever
cause Of reason.
ARTICLEiX
The following named persons shsii constitute
the first Board Of Directors Of this corporation TO
2. +. Case, Sam II. Houston, Joseph RAYMOND, NJ
T. Ducros, Ben Well, J. =. Austin, George 4.
Fauuce and they shall hold their Office until their
successors are elected and have qualified. Henry
G. Bull is hereby declared 90 be president and
pe1intendent, and Augustus W. walker. secretary
and treasurer of this association, and theiE term
of office shall expire With shat VI the fist Board
OF Directors
On The frs. Monday of November 1875 and isisE-
uiAlly thereafter an election for directors of
this association shall be held by TIE stockholders,
at the office of the company, from 10 4. NJ. to p
NJ. A majority of the votes cast at such election
shall elect. Notice of such election shall be given
by advertisements inserted for thirty days i'll two
newspapers published i'll the city of New Orleans
After said election the board OF directors shall
Ell. C: from among its membeLs president, secre
rary, a superintendent and treasurer; 1t shall
also elect such officers, clerks and employees as
may be necessary for the conducting of the busi-
OF said association. The president secretary,
superintendent and treasurer shall continue i'll
Office during the term of the board which elects
| cept for Just cause-charges shall be preferred
against him at regular meeting of the board and
for by vote of three tourths of ali the directors.
and the party cused shall be allowed the privi.
| lege to defend himself. The decision of the board
shall be rendered at subsequent regular meeting,
and the party in accusation shall only be removed
| by vote Of three fourths of al! the diKeetoss.
ARTICLE XL
| Any s.cckhoiier or stockholders representing in
the aggregate One-tenth of the capital stock OF
this association may demand from the president
the cOnvOcation of general meeting of the stock.
holders and OH tre refusal or neglect of the pre.i
dent SO to do said stockholder stockholders is
and are hereby authorized, five 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 IL two new.
papers published in this city.
! ARTICLE XII.
The stockholders of this association. a. the svn.
eral NEE ting convened as aforesaid .: at geneca
meeting convened provided for in article thir
teen, shall have power to make any changes. add'
tions notifications to this act os incorporation
or to dissolve the company, provided tLre. Ourths
of the stock present and r-pressn'ed ed snch meet
ing shall vote in favor of such proposed
| and any and all such changes, additions, modiica
| tODs dissolution shall be recorded as ge1Vged
| by law.
! The liquidation of the affairs Of .h- Compan-
| whether the same be dissolved by termination o
charter or by vote of the Stockholders sha! be
made by three commissioners elected by the stock
holders from among their own number: if the ;ilui
daton takes place Dy termination of charter they
shall be elected at general meeting, convened foi
the purpose one month prior to the date OF SAID
papers aub;ished in this city; If the ii"uidatioI
| takes place by vote of the stock holders, said
commissioners shall be elected at the general meet
! ing at which such measure V as adopted. The
duties of said commissioners shall be to llguidate
the affairs Of the company on such terms and in
! such manner as may oe determined by a majority
| of three e-fourths of all the stock represented al
! such me sting.
Thus done and passed in n,- office, at Che city %
New Orleans aforesaid on tbc day. month anC
year first above written, and IN presence OF Wi!
/ liam Kleila and Louis VI. Ducros con petent Wit
! nesses, who sign thess Names with said paSsies
and me, notary.
! original signed.
! iIenryC. Bull. W WalIes,
! j. Z. Cannon F. F Case,
Samuel H. HOusssa Joseph Raymond,
| NJ. T. Ducroe. Benjamin We'll
| f. Austin tieorg. 4. FaunC~.
WILLIAM KiEIHA.
Louis NJ DUCROs,
NJ r nrCRGs En,afr y1i,'.