New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-09-02
CORPORATIONS.
QUARTER OF THE LOUISIANA MAN.
SUFACTuRING AND PRorELLING coMPANi.
STATE OF LoUIsIANA-CITY OF NEW ORLEANS.

nisan state Of louisiana aforesaid duly com
rnissioned and sworn, personally came anu AZ
= peared the parties whose names are neIeuhio euo
scribed WHO declared that, awaiting themselves Vi
the provisions of the statutes OF LOUISIANA relaNe
TO the organization OF corpora,'4hs ~ Hose
whom they represent, and those VINO may heie,
after become members of this corporation, W W
subscription, purchase, succession OF ohei ,.i
form themselves into, and constitute corporation
for the objects and purposes, ana niael 'iie ''p1
lations following, TO wit
ARTICLE
The mama and title OF this corporation shall be
THE Louisiana Manufacturing and rroptLlhg
Company" and its domicie is mere stao.i7heo
in the city Of New Orleans, state OF Lo'itsiaAa'
ARTICLE H.
The objects and purposes of this association are
berehv DECLARED to be the manufacture ana vend
ing of machinery and engines generally, ana spe
cially for the propsng OF caTs OF 0ther Veniees
natent 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.
ARTICLE ILL.,
The said association shall commence operations
from the date Of this charter, and shall exist foI
the space OF twenty live 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 immovabIe property
and make bylaws for the manas ement OF its affairs
ARTICLE ".
The capital stock OF the corporation is f xed at
two millions of dollars, represented by twenty
Thousand shares of one hundred dollars each
which shall be paid u full at the time of sub
scripton.
Eight thousand shares of said stock are hereby
declared to be the property of Henry G. Bull, OF
New Orleans, and constitute the consideration for
which he has agreed to sell and transfer, and does
by the presents actually sell and transfer 10 this
corporation all his rights title and interest in all
patents and caveats, applied for Or to be applied
for by him, issued or to be issued to him, for i'm
provements in machinery for propelling purposes
and the manufacture OF engines for the United
Sfaf4 ley aur
1A ,327, already sOld) 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
stockholders of the United States and European
Propellirs Car Company shall to the extent OF SIX
to the present stock, and to pay tor the same by
delivering to the present company one share of
said United States and European Propelling Car
Company, and fifty cents in cash for one share of
the present company, inlly paid; and provided.
hereof the bondholders of said United States and
European Propelling Car Company shall to the ex-
tent of six thousand shares, have the privilege to
subscribe to the present stock, and to give in pay
ment one bond OF ose hundred dollars OF said
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 a corporate seal, the
device OF which shall be "a Pelican FEEDING Its
young" with the name of the company and that
OF this city encircling it.
ARTICLE VI.
This association shall have power by vote of
all the directors thereof to issue bonds on such
terms and under such conditions as they may
of said company or any part thereof provided,
however that such bonds shall only be used to
and provided. also, that said 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
cised by board of directors, to consist Of ten
stockholders, four of whom shall form quorum
for the transaction of business. They shall elect
all the officers clerks and employees of The com.
pany and shall have the right of filling all vacan
cies which may occur in their body for whatever
cause or reason.
ARTICLEIX.
The following named persons shall constitute
the hrst Board OF Directors OF tins corporation to
wit: Henry O. Bull, A. W. Walker, +. Cannon
II. DucrOs, Ben We'll, j. Z. AUSTIN George A.
Faunce and they shall hold their Office until their
successors are elected and have qualified. Henry
G. Bull is hereby declared to be president and
peIintendent, and Augustus W. Walker, secretary
and treasurer of this association, and their term
of office shall expire with that of the first Board
OF Directors
ARTICLE X.
On the fret Monday of November 1875 and bien.
aially 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.
n. A majority Of the votes cast at such election
shall elect Notice OF such election shall be given
by advertisements inserted tor thirty days III two
newspapers published in the city OF New Orleans.
After said election the board of directors shall
elect from among its membeIs president, secre-
tary, a superintendent and treasurer it shall
also elect such officers, clerks and employees as
m ba ppra eIlsi-
of said association The president, secretary,
superintendent aud treasurer shall continue in
Office during the term OF the board which elects
them. No director officer shall be removed ex-
cept for just cause-chaIges shall be preferred
against him at a regular meeting OF the board and
recorded in the minutes; an inquiry shall be called
for by vote OF three foufths OF all the directors,
and the party accused shall DC allowed the priv,
shall be rendered at subsequent regular meeting,
and the party in accusation shall only be removed
by votoof three-ioufths OF all the directors.
ARTICLE XII
ANY stakeholder or stockholders representing in
the aggregate oue.tenth of the capital stock of
this association may demand from the president
the conyocation of q general meeting of the stock
holders, and the refusal neglect of the presi-
dent so TO do said stakeholder OF stockholders is
and are hereby authorized five days after such de-
mand, to call such general meeting by advertise
ments, signed By the party parties making such
call, and inserted for thirty days in two news.
papers published in this city.
ARTICLE XII
The stockholders Of this association, at the gen.
era meeting convened as aforesaid, or at a general
meeting convened as 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-iourths
OF the stock present and represented at such meet
ing shall vote in favor of such proposed measures
and any and all such changes additions, modifca-
tons or dissolution shall be recorded required
by law.
The liquidation of the affairs of the COMPANY
hath
charter or by vote of the stockholders shall be
made by three commissioners elected bv the stock
holders from among their own number; if the lqui
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 stockholders said |
commissioners shall be elected at the general meet
ing at which such measure vas adopted. The |
duties of said commissioners shall be to liguidate
the affairs of the company on such terms and in i
such manner rs may he determined by majority |
of tbree-fouIths of all the stock represented at
such me sting.
Thus done and passed in my office at the city of |
New Orleans aforesaid on the day, month and |
year first above written, and in presence of Will
liam Kieila and louis VI. Ducros competent wit |
nesses who Sign their names with said parties, |
and me, notary:
Original signed:
Henry G. Bull W. Walker,
J.E Cannon, i. Case.
Samuel II. Houston, Joseph RAYMOND.
NJ. /, Ducros, Benjamin We'll
f. Austin, Geofge A. Fauuce |
WILLIAM kLEILA, |
LOUIS VI. DUCKo>.
NJ. T. DUCReS, Notary Public
true copy from the original extant i'll my cur |
New Orleans, August %. 1873. O
NJ. T. DuCRoS Notary Public.
|, the undersigned, deputy recorder of mort |
cages for the parish Of Orleans, city OF New or.
al n h.r .l,x- ~