New Orleans Republican., 1873-08-29
CORPORATIONS.
CHATTER OF THE LOUISIANA MAN.
UFACTURING AND PROrELIlNG COMPANY.
STATE OF LouISIANA-CITY OF NEW ORLEANS.


STATE OF LouISIANA-CITY OF NEW ORLEANS.
Be it known that on this twenty sixth day of
August in the year one thousand eight hundred and
seyOoty-three, before me, Marcel 7. DucrOa,
notary public in and for the city and parish OF New
Orleans State OF Louisiana, aforesaid duly com
missiOned and sworn, personally came and aP'
peared the parties whose names are hcreuntO SUD-
scribed who declared that, availing themselves OF
the provisions Of the statutes of Louisiana relative
to the organization of corporations III 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 or otherwise, TO
form themselves into, and constitute corporation
for the objects and purposes. and under the stipu'
lations following, to wit
ARTICLE I.
The name and title of this corporation shaft be
'.Tle Louisiana Manufacturing and Propelng
Company and its domicile is hereby estab ished
in the city OF New Orleans. State OF Louisiana.
ARTICLE Il;
Til. objects and purposes of this associat are
here by declared to ba tine manufacture and vend.
ing of machinery and engines. generally and spe-
cially. for the prOpeinS OF cars or other Vehlces
and also the vending and disposins of certain
patent rights acquired under the present act.
The president, OF i'll his absence, the secretary.
shal be the proper person upoa whom al! citations
shall be served.
ARTICLE III.
The said association shall commence operations
from the date OF this char ter, and shall exist for
the space of twenty five years; it shall have the
right to make contracts in its corporate name TO
and be sued to own receive. mortgage. pur.
chase and sell movable and immOvabe property.
and make by laws for the mana2 cement o: Its affairs
ARTICLE'v.
The capital stock of the corporation is fxed at
two millions of dollars. represented BY twenty
thousand shares, OF one hundred dollars each,
which shall be paid i'll full at the time of sub
scriptlOn.
Eight thousand shares OF said stock hereby
declared to be the property OF Henry Z. Bull OF
all, iIIAr1f
which he has agreed to sell and transfer, and dO-s
by these presents actually sell and transfer to this
corporation all his rights ttie an and interest ut r. IN al
for by him, issued to be issued to him, for inn
provements in machinery for prOpeing purposes
and the manufacture OF engines for the United
States Except however, his rights TO patent No.
l24 327, already soid), which said eight thousand
shares of stock shall be considered fully paid and
shall never be subject to any assessment whatsO-
ever.
The remaining twelve thousand shares shall be
offered to the public Provided, however, that for
thirty days from and after the date hereof the
ockhoders of the United States and European
Propelling Car Company shall, to the extent of six
tho1saEd shares, have the privilege to subscribe
to the present stock, and to pay tor the same by
delivering to the present company one share of
said United States and European PrOpellng Car
Company, and fifty cents in cash for one share of
the present company, fully paid; and provided
also, that for thrty days from and after the date
European Pi iopellng Car Company shall. to the ex-
tent of six thousand shares. have the privilege to
X,
ment one bond of o.e hundred dollars OF ead
United States and European Propelling Car Com
pany for one share OF one hundred 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 corporate seal the
device of which shall be "a Pelican FEEDING Its
young" with the nalns OF the company and that
OF this city eEcrclng IT,
ARTICLE VI.
Thi. association shall have powe, by a vote Of
all the directors thereof to issue bonds on such
terms and under such conditions as they may
deem proper, pledgins, if necessary, the property
However. that such bonds snail only be used TO-
raise money to carry the objects of this charter
and provided. also that sail objects are specified
in the resolution authorizing the issue.
ARTICLE VII
All contracts, bonds checks or other instruments
issued by this association shall be signed by the
president and cOuntersigned by the secretary.
ARTICLE VIII.
All the powers of this association shall be exer.
eised bv board of directors, to consist of ten
stockholders, four of whom shall form a quorum
for the transaction of business. They shai! elect
all the officers. clerks and employees OF he com.
pany. and shall have the rlgh. OF filling all vacan-
cies which may occur ju their tody. for whatever
cause OF reason.
ARTICLEIX.
The following named persons sinai! constitute
the s Board Of Directors of this corporal ion to
E.
F. +. Case, Sam II. Houston, Joseph RAYMOND. NJ.
T. Ducros Ben We'll, J. E. Austin. George A.
successors lected and have qualified. Henry
c. Bull is hereby declared to be presilen: and SUI
pe!intendent, and Augustus W. Walker seer etary
and treasurer of this association. and their term
of office shai! expire with that of the first Board
of Directors
On the first Monday of November 1875 and bier-
nially thereafter election for ten directors of
this association shall be held by the Stockholders
at the office OF the company. from 10 A. NJ. to P
NJ. a majority of the votes cass at such election
shall elect. Notice of such election shall be given
by advertisements asserted for thirty days in tw
newspapers published in the CITY OF New Orleans
After said election the board OF directors shall
elect from among its n,embeIs a president. secre
tary, superintendent and treasurer; it shall
also elect such officers Clerks and employees as
may be necessary for the conducting of tie bust
of said association The president. secretary.
superintendent and treasurer shalt continue in
Office during the term of the board which elects
them. No director CT officer shall be removed eX.
cept for iust cause-charges shall be preferred
against him at a regular meeting of the board and
recorded in the minutes inquiry shall be called
for by vote OF shree t"urths of all the directors
and the party accused shall be allowed the priv
lege to defend himself. The decision of the board
shall be rendered at a subsequent regular meeting
and the party in accusation shall only be removed
Ivy vote OF thles -fougths of al! the directors.
ARTICLE XII
Any stcckhoider or stockholders representing in
the aggregate oue-tenth OF the capital stock of
this association may demand from the president
the convocation OF general meeting of The stock
holders, and the refusal neglect of the pres
dent to do said stakeholder or stockholders is
and 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 i1 two news
papers published in this city.
ARTICLE XII.
The stock siloders of this association at the gem
eral meet ting convened aforesaid at a general
meeting convened provided for in article thir-
teen shall have power to make any changes addi-
tons notifications TO this act of incorporation
or to dissolve the COMPANY provided three -forr hs
OF the stock present and represented at such meet
irg shall vote in favor of such proposed measures:
a I'D any and a.. such changes additions moditca- |
tlons OF dissolution shall be recorced as required
by law.
ARTICLE xiii.
The liquidation OF the affairs Of the 6smpasr, |
whether the same be dissolved by termination of !
charter OF by vote of the stock holders shall be
made by three commissioners elected by the stock
holders from among their own number If the liqui.
dation takes place by termination of charter they
shall be elected at general meeting convened for
the purpose one month prior to the date of said |
limitation, after Thirty days notice in two news.
papers published in this city; if the liquidation |
takes place by vote of the stock holders said |
shall be elected at the general meet.
ing at which such measure v as adopted. The |
the affairs of the company such terms and in !
such manner as may he determined by a majority |!
Of toree-fnurths " g.. the stock represented at
such sting.
Thus done and pass j IN N, office at The city of |
New Orleans Aforesaid on tbe day, month and +!
year first above written and in presence of viii |
lam Kleila and Louis 81. Dlcros, CON petent wit
lesses, who si.H I.eS GSnes With said parties. |
and me, notary.
Original signed:
Henry c. Bull. A W. Walker.
j. y. Cannon, r. Case.
Samuel H. E3.::"3. Joseph RAYMOND.
N. I. Ducros, benjamin We'll
J E. Austin George A, E.u..-.
WILLIAM kLyI,A,
.cC!. NJ. DUCKo.
n T. Hi'tHaS Sotayx pus,:;o