The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-06-06

STATE OF LOUISIANA.
PARISH OF ORLEANS,
CITY OF new ORLEANS. i

PARISH OF ORLEANS. J.,
CITY OF new ORLEANS. j
DE 1T KNOWN THAT ON THIS DAY.
ID the 9Th Of the month Of May. in the year Of our
Lord one thousand eight hundred and seventy -four.
and of tge independence of the United States Of
America the ninety tore me. William Joseph
CastelI Notary Public in and for the parish of Or
leans. State of Louisiana, duly commissioned and
qualified and in the presence of the witnesses here
matter named and undersigned personally Came and
appeared the parties whose names are subscribed
hereto, who declared that. avang themselves OF tina
provisions of the laws of the State Of Louisiana rela
tive to the organization of corp rations for worka OF
public improvements and other purposes in said
State, they rave covenanted and agreed, and do by
these presents covenant and agree. and bind them
selves those whom they represent, to form them
selves into and con stitute corporation for the OBJ
conditions following, to wit:
ARTICLE FIRST.
The and title of this corporation shall be Tho
AMERICAN METALLIC BARREL COMPANY. and ita-
dOmcie the city of New Orleans, State Of Louisiana
ARTICLE SECOND.
The objects and purposes Of this organisation ara
hereby declared be the manufacturing aud vending
of metallic barrels half barrels, kegs and other like
vessels and their contents, in any part the United
States under and by virtue of certain Letters PAan
granted t. James Bard by the United States Patent
Office, and also OF selling and conveying any rights
ana privileges acquired by said Letters Patent.
ARTICLE THIRD.
The capital stock of this corporation shall Be THRKR
HUNDRED THOUSAND DOLLARS, divided int0
Three Thousand Shares of One Hundred Dollars zach.
one thousand five hundred shares Of said stock
hereby set aside as the property Of James Bard and
his assignees, and the shall constitute the price
and consideration of the sale to this corporation BY h
said James l. Bard and his assgnees OF their right
and title III and to Letters Patent numbered 12 96
dated the sixteenth day of January. one thousand
eight hundred and seventy two, and Letters Patank
numbered 1850, dated the eighth day OF April. one
thousand eight hundred and seventy three. both a.
which laid patents were granted to the sid James l.
ments construction of metallic casks and barrela
Said thousand We hundred shares to b. known a
full paid stock and shall not be liable to any contrihu-
lions assessments.
One thousand shares by previous arrangement with
the parties, shall be known aud considered pro-
'erled stock and is subscribed for and taken by tha
following persons as herein stated viz:
B. NJ. Pond, (2nO) two hundred shares: r. B. Post.
1900 two hundred shares John I. Adams. t3oO) two
sh ares; A. J. Gomila, (200) two hundred shares.
the remaining five hundred shares shall be held ~
the property of the corporation, and may be disposed
of in such amer and upon such terms tho Board
Of Directors MAJ determine.
ARTICLE FOURTH.
The officers Of this corporation shall be President
Vice President Secretary and Treasurer and such
clerks and employees as the Board OF Directors may
appoint
The Offices of Secretary and Treasurer may be nled
by one and the same person. The President II thu
person hereby designated. upon whom legal process
shall be served, Or in his absence, citation shAU be
served upon the Secretary.
ARTICLE FIFTH.
The business of this company shall be managed by
Board of Directors consisting of FIVE stockholders.
each of whom must own in his individual name or
IL that Of the commercial arm of which he Ia . men,
ber at least shares of the capital stook OF
this corporation.
tute quorum +" for the Transaction of ordinary
business of the company.
ARTICLE SIXTH
On the frst Monday in December, 1876 and aunus
ally thereafter on the same date. an election shall b
Leld for directors Of the company. at their ooe by
the stockholders majority Of the votes cast 1t such
meeting shall elect N -tce Of such meeting shau b.
given by advertisement inserted for thirty days in
two newspapers published the city of New Orleana
The Board of Directors shall appoint three stock
bolders inspectors to preside at such election Il
any OF the inspectors decline fail to serve tho
President shall appoint others in their place
The Board of Directors thus elected shall take their
seats on the third Monday Of the month Of thsif-
Of one year. and until their successors are duly elect
ed and qualified
ARTICLE SEVENTH
The following named persons shall constitute the
first Board of Directors. viz;
B. M. POND,
r. b. POST,
JOHN l. ADAMS
DANIEL EDWARDS.
A. ]. GOMILA.
And they shall hold their seats until their
sors elected and qualified, provided for in GEO.
ton or article sixth
number President, and his term of Office shall
pire with that of the first Board OF Directors.
ARTICLE EIGHTH
Books for the registry and transfer of tho shares Of
the capital took OF the DpanJ shall be opened, and
kept subject to the restrictions Of the by-laws
All transfers OF stock shall be made the books Of
the company and said books may be closed often
the director deem fit. but not for than ten
consecutive days at one time.
ARTICLE NINTH.
Said corporation shall have rower and authority to
have and enjoy succession in its corporate for
the period OF twenty years contract sue and be
ued in its corporate name; to make and use corpo-
ra1e SEAL the device of which shall be, the design OF
barrel suspen ed by cam hooks, with the nam Of
this city and OF this company encircng it,; to hold.
receive and convey under ITS corporate NAM. prop
erty, bota r. al and pc rsona to name and appoint
may require and to make and establish suoh by-lAwn
for the proper management Its affairs ~ may ha+
necessary.
1t shall be lawful for the stockholders OF this cor
poratlon repres ntng three-tourths of the capita1
stock held b. kholders at meeting oouvcnsd for
that purpose after thirty days notice, published In
two newspapers of this city, to make any modiAca~
to dissolve said corporation Any suoh mo Inca
tions additions changes or dissoutons shall: be 70.
recorded as required by law.
ARTICLE ELEVENTH.
The liquidation of the affairs Of the company shall
be made BY three commissioners. appointed by the
stockholders esentng three oTrths OF the capital
stock ut general meeting convened for that purpose.
after thirty days notice. published in two newspapers
of tails city.
Said liquidators shall be solvent persons, not In
debted to the corporation and residents Of this city
Their and office shall be assigned. AL necessary
powers shall be conferred upon them, their compen-
sation fixed and the period # liquidation determined
in such manner and I'm er such regulators the
in general meeting convened shall d.
termine.
ARTICLE TWELFTH
The fiscal year OF this corporation shall end ON tha
thirty first day Of December in and every year
the date Of ncOrp ration After the close Of thu
fiscal year and practicable, tho books Of
the company shall b, balanced and = general STATE
ment of its affairs published in two newspapers Of
this city often the Board of DIRECTORY may deem
proper
ARTICLE THIRTEENTH.