The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-10-03
CHARTER.
STATE OF LOUISIANA,
PARISH AND CITY OF NEW ORLEANS

America the nlnety-ninth, before me; Andrew
Hero, r., Notary Iupnc n ana LOT the parish
ana cry o. new 9reans s1a;e Oh ~ L9uisa ma
duly commissioned ana quahheo ana IN th'
presence OF the witnesses hereinafter naniet
ana Undersigned, personans came al4 appeaIet
se1 eih. th Poard Of D~actnrs ~ ~,
PIaV'f,ERS' GOTTOS TIE ASSOCGATS1N' :
- 1901 onr,,orato toIv ~ +h;s Cto,o
i;;iao =; Die Nv creo,nd iv an act roSsaG
oHn1 H. n IL 81 nntar ~ ~ +pramt
fnnrrI, Iar ~ FeLrnary LAST nsssed and hereir
actinD IN -tl,er sail canacities and for and on
heh.if NJ said sssoc,at;rn Inv yirtua Of a resnln,
.in ,lon,eI At q ,eneraI meetnr Of the s,ncL.
boders thoroof cnnvened at its Office in tbis CITY
ON the day and date hereof which said appsarers
declared in their said capacities, that alter due
and legal notices and publications in the news.
papers. genei al meeting Of the stocki olde OF
said Planters Cotton Tie Association was con-
D vened and held at the Office Of said association
in this city on the day and date hereof, for the
purpose Of making certain notifications, addi-
lions. alterations and changes in and 10 the
original act Of ncor poretion of said association
passed before the undersigned notary on the
twentv-fourth day of February last passed, and
that at said general meeting, stockholders OF
said association, or their duly authorized attor-
neys, representing more than seven-eights of The
capital stock of said association, unanimously
assented and agreed that the aforesaid original
act Of incorporation should be altered and
amended so as to hereafter read ana be as fol-
lowaayiza
ARTICLE FIRST.
| Whe game and style of this corporatioD syali
We the Planters Cotton Tie Association, and its
place Of business and legal domcile shall be the
city Of New Orleans in the parish IN Orleans nd
| the State Of Louisiana
ARTICLE SECOND
Tho ,(D;ects ~ nnrnnsa. fnr which @is corno.
ro.in,, !. a.+aLGshaJ arc aelarad tn he tIa mann.
tacture or purchase and sale of iron cotton ties
for baling cotton and other merchandise. as well
as the manufacture and sale of such other ar
ticles as it NAV deem proper The President or
Secretary of the Association shall be the proper
officer upon whom citations and other legal pro-
cess NAV be served.
ARTICLE THypD
D Tho oon;tol s,acll ~ 1hs assoc;,+;on i, herobv
fxed At el@It hundred thousand dol,ars divided
INTO SIXTEEN thousand shares Of tifty dollars each
f,rtv ,,or oantnn, ~ which sh.I he naij in az an
at Time Ne ~ snhscrintion and for1v her centnm
VIM tb;r.v days tfsraaf ,ar maxine eiobtv nor
centnn, in al or fortv dollars ner share And +
shall he the ,intv of The BOARD If directors in
oasa tIoSa t".n ossasSmantS sbau hava haean
nromntIv sI n.iI TO JecIare the slnc, fms suh-
scr;had ssnd na;;5 for fnIv Maid mn and canse the
sama 10 ;ssla r. a.cb snbsc,ihar az hn may in
accordance with the terms of this Article.
DromDtly comDlete his payments thereon
All outstanding certificates for stock issued
under the original Act of Incarceration shall be
turned in and delivered to the association and.
in lieu thereof each stakeholder shall nave and
receive new certificate for the same number of
shares that he has heretofore subscribed and
n, id for All other stock provided for in SAID
original Act of incorporation Of this associa-
ton is hereby declared to be null and void
No certificate of stock shall be issued until the
same shall have been declared by the Board of
Directors to be fully paid up, and no transfer OF
less than one share Of the capital stock shall be
made on the books of the association.
ARTICLE FOITPTH
This Cornorat;on sha1j.hava and eniov snccas.
SION hv it, cornnrata nome for az 'ne,;nd n
.Ch.rtsr viz: Eahr,arr OH 1874. ali onn,rant
s,,a and he suad. shaji hava nowar and suthnrtr
~ maIa and ,,sa cornnro 10 cool %ayi'or co. ~,
device a scroll containn" the far s;miIe of Cot.
ton BALE and for an inscrntion thu name Of tina
tion T. sbo11 Hold ,nnrtro,,a n,,rcLasa
sell. and Otherwise convey nnder 7its cornorato
name nronertv both real and nersonaI moraahle
and immoveahe: shall name and annont surb
mana gers directors and officers az ;fs ;ntoraSts
and cas,vsn;ence NAV ranp;ra II sba II make and
establish snch hv-laws niles and reonlations for
the nrDner manspen,ent Of its business and az
fairs as mar be NECESSARY and nroner and sball
possess generally all such powers and privileges
as are given by law to corporations.
ARTICLE FIFTH
The mowers of This ASSOCIATION shall he vested
IN Board OF Directors consisting of five stock
holders three Of who:: shall form, a crnr11m for
the transaction of business. who shall he elected
annually on the first Monday in March. in each
year, bv the stockholders. at such place in the
CITY OF New Orleans NAV be designated and
after ten davs' advertisement of the notice OF
such election in at least two newspapers pub
lished In the city OF New Orleans. Said directors
to hold office for one year, until their success
sors are elected. Any stakeholder shall BE elli-
Sibe as director, provided that at least ten
shares Of stock OF the association are owned by
him. All elections Of directors shall be by ballot,
and held under the supervision OF committee
OF three stockholders to be appointed for the
purpose by the Board OF Directors. and all those
persons receiving plurality OF votes shall be
considered duly elected: Every bona tide owner
OF stick shal! be entitled to one vote for every
snare owned py nm, hef OF tneh, PROVIDED tfJt
no Que s.aIl 20 entltleu 70 to'e On any snare OF
sales y stocA llaI nave no, $1,000 III ms, nef OF
te.. nale Oh we DooAs u the ASSOCIATION LOT a1
,easI SIN. uass prior W any nucn erection.
TONES may sote "ile, llie au'hof.y Is IN "rl'nS
li upon we auoptloh ol tals Amended
Cnafter tne board OF directors appointed by the
Original Shartf snali ce"se 10 eAlSt, ana tne |
,i. ~ ISL ~ n .a'"1 ~ w. 80 ~, ~
;rst Mond.v i, Waroh 1a7s W IVA W '-'-1 'A-o
~ - n.II,rr ~
r AhlloLh Sab