The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-09-22
CHARTER.
STATE OF LOUISIANA.
PARISH AND CITY OF NEW ORLEANS.

| STATE OF LOUISIANA,
PARISH AND CITY OF NEW ORLEANS.
DE TT KNOWN, THAT ON THIS FIFrF
ID day OF September, in the year Of our Lore
one thousand eight hundred and seventy-four
and Of the independence OK the United States Q
America the ninety ninth, before me, Andre
Hero, Jr., Notary Public IN and for the parish
and city Of New Orlt ans, State of Louisian-
duly commissioned and qualified. and in tn.
prese CO Of the witnesses hereinafter name,
and Undersigned personally came and appea, ef
he several persons whose names are here TO sui,
-cribed. being the Board D: Directors Of the
LANTEks' COTTON TIE ASSOCIATION. .
July oiganlzad corporate body Of tlis State
d mi;iied III this city, created BY an act passet
before the undersigned notary on the twent,
| fourth day Of February last passed and hei ell
acting il their said capacities and for and
behalf OF said aseoc,alton by virtue Of a r.soiu-
| tlon adopted at general meeting Of the o, h.
holders tnefeof, convened at its office III this Gil
on the day and date hereof which saiu appcarcis
| declared III their said capacities, that alter du,
md legal notices and publications in the news
| papers, general meeting the stockh,lde If
said Painters Co ton 1 ie Association was con
| Y. ned and held at the Office OF said association
In this city on the day ard to her. OF, for til,
purpose Of making c. 1tain notifications, add
! lions. alterations and changes i'll and to the
orig nal act o. lncor oOTetiun Of said Ociati0l.
passed before the undersigned notary on the
wenty-fourth day OF February last passed. and
that ut sald general meeting, stockholders OF
said association. or their duly authorized attor-
neys, representing more than seven-e' gifts Of il,
| capital stock Of eAId association, upalimousl,
| s.sented and agreed that the Aforesaid original
act Of incorporation should be altered and
amended 50 as to hereafter rec! and be ss fol
lows, VIZ
ARTICLE FIRST.
The name and style Of this corporation she's
be the Planters Cotton Tie Association, and IT.
place Of business and legal donlcile shall be TIA,
city of New Orleans, in tie parish Of Orleans and
the State OF Louisiana
ARTICLE SECOND.
The objects and purpoaea fOr which this corpo
ration il established a. deared to be the manu-
iacture or purchase and sale Of iron cotton TT 5
Tor baiing cotton and other merchandise, as well
as The manufacture and sale OF such other al
ticles as it may deem proper. The President o.
Sc retary Of the Association shall be the proper
officer upon whom citations and other legal pro
cess may be served.
ARTICLE THIRD.
The apital stock Of til Association is hereby
fixed at eight hundred thousand dollars, divided
into sixteen thousand Shares If fifty dollars each
forty per centum Of winch shall be paid In cash
at time Of subscription and forty per centun
within thir' days The reafter, making eight, PEI
centum in all or forty dollars per share. AMI u
shall be the duty Of the Board u Directors, III
promptly paid, TO declare the ock thus sub
SCI ibed and paid for fully paid up, and cause IL,
same to issue to each subscriber as he may, III
accordance with the terms Of this Article
promptly complete his payments thereon
All outstanding certificates stock Issued
under the eriginal Act of Incorporation, sha bt
turned in and deliy. rcd to the association, and.
in lieu thereof, each stakeholder shall have and
r. c, I've new CO, tifCate for the same number 81
shares that he has heretofore subscribed and
~, for nth atSCk Lad for n
original Act Of lncOrp ration Of this associa-
ton, il hereby declared to be null and void
No certificate Of stock sbal be issued until the
same shall have been declared by the Board Of
Dire ctors to be fully paid up, ard no transfer o.
|. rs than one share Of the capital stock shall be
made on the books Of the association.
ARTICLE FOURTH.
This Corporation shall have and enjoy sncces
SION by its corporate name tor the period 81
twenty i've year from the date OF the Original
Char er, VIZ: ebl uary 24th 1874 shall contract
sue and be sued; shalt have power ard authori!
to make and use corporate seal, having tor s
device a SCI oil containing the far slmlit OF Cot
ton Bale, and for ali inscription the name OF the
Association. It shall h0d mortgage, purchase,
sell, and otherwise convey under Its corporate
name, property both real and personal, movable
and immOveabe; shall name and a, polnG such
managers. direct tors and officers as its interests
and COW -nience may require. 1t sha Il make and
establish SUCH by laws, rules and regulations FOR
he proper management Of its busin, and at
fairs Is ma, be necessary and proper, and shall
p ssess generally ell such powers ana privileges
as are given by law TO corporations.
ARTICLE FIFTH.
The powers OF Nils q ISOLATION shall be vested
n Board OF Directors Consisting OF Ave st, ck-
holders. three Of wioa shall form quorum 70,
the tra,isa ton Of business, who shall be elected
annually on the first Monday IN March. in each
YEAR. by tile stockholders. 81 such piac. III the
city of New Orleans as may be -iguated, ana
alter ten days adve- tse".ent OF the notice of
such election in 1t least two newspap r pub
H. he'd in the CITY OF Now Orleans. SAID directors
to hold Office for one year, or u til their success
sors are elected Any stakeholder shall be- ELI
gible as a d rector Or, Va, I'd that at least ten
shar, of stt ok OF tie association are owned by
hm All elections If directors aha be by ballot
and held under the 50 poryislon Of a comm ,tee
Of three stockholders 70 be appointed for the
purpose by the Board OF Directors, and all those
uersons receiyin. q pIlrsnty of votes shall be
considered dul> elected Every bona lid. owner
Of 1t OK shall be entitled to one vote for every