The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-05-08
Charter.
STATE OF LOUISIANA.
PARISH OF ORLEANS,
CITY OF NEW ORLEANS. }

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 nty-four,
and of TIE independence of the United states of
America the ninety eghth b. fore me. William Joseph
Castell, 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 subscribed
hereto who declared hat availing themselves of the
provisions of the laws OF the State of Louisiana rea
public improvements and other purposes in said
State, they rave covensnted aud agreed and do by
these presents covenant and agree and hind them
selves those whom they represent, to form them
selves into aud stitute corporation for the OBJ
jects and purposes and under tse stipu atoms and
conditions following, to wit:
ARTICLE FIRST.
The and title of this corporation shall be the
AMERICAN METALLIC BARREL COMPANY, and its
domcile the city of New Orleans, State of Louisiana
ARTICLE SECOND.
The objects and purposes of this organization are
hereby declared to be the manufacturing and 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 Patent
granted to James Bard. by the United States atent
Office, and also OF selling and conveying any rights
an privileges quired by sa Letters Patent:
ARTICLE THIRD.
The capital sto this corporation shall be THREE
HUNDRED THOUSAND DOLLARS, divided into
Three Thousand shares One Hundred Dollars each.
one thousand hve hundred shares OF said stock are
hereby set aside the property of James Bard and
his assgnees and the sDal constitute the price
and consideration of the sale to this corporation the
James l. Bard and his assgnees, of their right
and title in and to Letters Patent numbered 122, 1885,
dat d the sixteenth day Of January, one thousand
eight hundred and seventytwo and Letters Patent,
numbered 49,, $780, dated the eighth day OF April one
thousand eight hundred and seventy-three both of
which a patents were granted to the said James 1.
Bard by he United States Patent Office for improve
ments construction OF metallic casks and barrels
Said thousand five hundred shares to be known
full paid stock aud shall not be liable to any contribu
tions or as ,essments.
the parties, shall be known and considered as pre-
stock and is subscribed for and taken by the
following persons as herein stated, viz:
b. NJ. Pond, (2nO two hundred shares; R. B. Post
(200) two hundred shares; John l. Adams, (2O0) two
hundred shares; D MEL Edwards, (2Oo) two hundred
sh res; A. J. Gomila, (200) two hundred shares.
Tue remaining five hundred shares sh all be held
the property OF the corporation and may be disposed
of in such .nner and upon such terms as the Board
of Directors may determine.
. ARTICLE FOURTH.
The officers of this corporation shall be President
Vice President, Secretary and Treas and such
clerks ana employees as the Board OF Directors may
appoint
The offices of Secretary and Treasurer may be filled
by ons and the same person. The President is the
person hereby designated uIon whom legal process
shall be served, his ABSENCE citation shall 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
j. that of the commercial firm of which he is men,
ber at least twenty five shares of the capital stock of
this corporation.
Three directors present at meeting shall consti-
tute quorum for the transaction of ordinary
business Ut the company.
ARTICLE SIXTH.
On the first Monday in December 1875, and annu-
ally thereafter the date election shall be
Leld tor directors of the company, at their ONCE, by
,,ls
meeting shall elect. tice of such meeting shall be
given by advertisement inserted for thirty days in
newspapers published in the city of New Orleans.
The Board If Directors shall appoint three stock
holders inspectors, to preside at such election. II
any OF the inspectors decline fail to serve, the
Presiden' shall appoint others in their place
The Board of Dire tors thus elected shall take their
s. ats on the third Monday of the month Of their
election aud shall remain in Office for the full
of yea and until their successors duly elect
ed and qualified
ARTICLE SEVENTH.
Tee following named persons shall constitute the
first GARD OF Directors, VIZ:
Is. NJ. POND,
r. b. POST,
JOHN l. ADAMS,
DANIEL EDWARDS,
A. J. GOMILA.
And they shall hold Their seats until their success
elected and qualified provided for in
ton article sixth.
They shall at their first meeting elect one of their
number as President and his term OF Office shall ex.
pre- with that OF the first Board OF ID rectors.
ARTICLE EIGHTH
Books for registry and transfer of the shares of
the capital took OF the co npany shall be opened and
kept subject to the restrictions of the bylaws.
All of stock shall be made on the books Of
the comp and said books may be closed as often as
the directors may deem i but not for more than ten
consecutive days at one time.
ARTICLE NINTH.
Said corporation sha have power and authority to
have and enjoy succession i'll It's corporate name for
the period OF twenty years to contract, sue and be
ued, III its corporate name; to make and use corpo
SEAL the device of which shall be, the design of
:. barrel suspen Ell by cam hooks with the nam of
this city and OF this company encirclng it, to hold
receive and convey, under its corporate prop
erty, pota al and p rsona !; to pane and appoint
such managers directors and officers as its int rests
may require, and to make and establish such bylaws
to- the proper management OF its affairs as may be
ARTICLE TENTH.
1t shall be lawful for the stockholders Of this cor
porat. lepres ntinS thIeetourths of the capital
stock held b. stockholders. at meeting convened for
that PURPOSE after thirty days notice. published in
two Lewspapers OF this city, to make auy modifca-
tons additions changes In the act of Incorporation,
or to dissolve said corporation. Any such mo ifica-
TONS additions, changes or dssolutiops shall. be
recorded as required by law.
ARTICLE ELEVENTH.
The liquidation of the affairs of the company shall
be made b, three commissioners appointed by the
stockholders ep,esentng tnree ourhs of the capital
Stock at general meeting convene for that purpose,
after thirty days notice. published in two newspapers
of tbs city.
Said liqaidators shall be solvent persons, not in
debed the corporation and residents of this city
Their anu office shall be assigned. AL necessary
powers shall be conferred upon them, their compen-
saton fixed and the period liz da'ion determined
in such manner and un such regulators the
stockholders in general meeting convened, shall de-
termine.
ARTICLE TWELFTH.
The fiscal year Of this corporation shall end the
thirty day of December in each and every year
the date of ncorp ration After the close of the
fiscal year, and practicable the books of
the company shall b. balanced, and general state
ment of its affairs published in two newspapers of
this city often the Boa. ID of Directors may deem
proper. -
ARTICLE THIRTEENTH.
No s'ockhoder in this corporation shall ever be
liable responsible tn contracts faults of the
corporation, shall any mere Intormaity in organi
cation have the effect of rendering this charter null
o of exposing stakeholder to any liability beyond
the amount of his stock.
This done and passed in my Office, at New Orleans
aforesaid, the day month and year first above writ
ten in pres of Messrs. Harris Murphy and James
J. Woulte competent witnesses, dOmicated in this