The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1875-12-19
CHARTER.


public duly commissioned and sworn fer the
parish, Of Orleans, State oi Louisiana, aud In the
presence of the witneSsesilereinafter named md
undersigned. personally came and appeared the
several parties whose names are hereunto sub
scribcd, who declared. that ayailing themselves
Of the provisions Of the laws Of Louisiana in re.
corporations, as contained In theRevi5cd Statutes
OF this State. for the year 1870 page l3y. section
ST. they have sovenanted and agreed. and by
themselves. and those whom they represent. 10
establish an Incorporated company. i9r the OBJ
Jet and purposes and under ,l,e obligations,
stpulationa and regulations hereinafter set
forth and contained. % wit:
ARTICLE I.
The naIne and title Of this cooperation shall bs
f sRW oilEs FHs sGs Ss ao @oMhaSa
and have its principal Office In tho city Of New
Orleons, State Of Loulsiane. and shall have and
enjoy corporate powers md privileges 10 tho full
term Of twenty live years from the date hereof.
ARTICLE II.
Tho objects and purposes OF this corporation
sllnll be- ihc compiling. printing aud publishing
OF 1swspppars. and ths ,afly,ng on q general
properly pertaining thereto.
ARTICLE III.
The ncwspspcre complied. pript~l and pub
lishrdby this corporation shall be Democratic
- '''''''' Article ".
Tho objects Of tho newspapers complied,
printed and published by this corporation shnl!
aud political interests Of this State and country;
and to give tone .isor. point and effect 10 e,ery-
shall without fear Or favor. decry md condemn
a frauds pe;'tlation, corruption and crime
Wherever 'o"""' AnEIcrE v
The capital stock of this corporation Is hereby
fx@l Mt One Hundred Thousand Dollars, divided
into ton thousand shares OF ton do!lsrs each.
tbs formation OF this corporation may, Ht tho
discreet ion of the managers thereof. bG divided
into halves Of a share and disposed Of accord
ingly.
The corporation shall commence business
when six thousand dollars 81 its stock shal be
subscribed: the stock subscribed shall bc paid to
the managers or such person orpsrsons as they
may designate after tho corpoMtion shall be
''''''' ARTICLE VII.
A full share Of stock of incorporation shall
entitle ths holder and OwnetEereof to one full
vote but no stakeholder shal be emit tiled to moro
than one vote IN his own rGht and one vote as
49, : ARTICLE iii.
No stockholdor shall votest any nioctIng Of tho
prosy or arsut be- ockioldcr In said corporn
ton.
No stock OF this corpoFtion not subscribed for
for except upon the cor,ent ri u majority Of tho
managers given in wiring.
ARTICLE X
No stock Of this cooperation shall he sold or
transferred without " written consent OF thrce-
fourths Of the whole lumber Of managers; aud |
any party wishing b sell or transfer his stock |
must notify in writig each and every manager |
three days before hepropo5cS to sell or transfer
his stock; and suclnotice must contain the full |
name Of III: party whom the stockholder pro-
GeScc. Inc nubcof shares PROPOSED TO- b. , cold
and the price Of u Same. Should any p1n1her
IT tho manager, cxeee1ipg opc-fourth Of the
I N
sale and transfo. then the salno cannot be cold |
TO tho party vising 20 purchase: Tbc consent |
or refusal q Y t dna w. n,ust s IA writing
may he 10 makor allow Tho transfer to be- mnde
on tho books | ths corporation., Such written
tho sockholdf. tho number oi shares lbs nro D.
poses 10 sell transfer. tho full name and real |
denee Of the iE,oposeh hsnsforec. Aud the priee
Of the stockyU such written consents or refl-
sails shall btjfesnrved among tlie afchives OF tho
corporatiouor future reference.
ARTICLE XII.
Tho ori0s sutacribcrs 10 tho stock Of tbts
any and sstock proposed 70 b. cold or trans
and "' nsa" "a q sas e1Igina
stock ~ thoas who tsSo k1"ms snbe 2, H"sh
to or overs OF tle stock ,,ll,scmIapt In tlc fcr
mqtiori this corporation sbal have Inc sI re s
same rms.
Thetock shall be transferred only on tho
h2ot" s , 'hs coTpola.n and ,hs sud stk or
be Po for all dems1ds Of the aaerporati1n' of
whfna'urc s1eser. whether .exi9bs or not.
scfr trsh3fer his stock the stock III epnh and
cvx s'ockholger shsli stand pledged to the cor
potion for oil demands or claims ~ heroinlp,-
hi against c1ch and cvcry stoc kholder and The
s.4ta9pc" 81 this criticize shall Lc written or
tnteh on The lace OF each certitlcete Of stock,
IL ARTICLE XIII,
Tho corporation shall be managed. governed,
pntrollcd. carried on and condu.1;d ~ n hnard
2 on .9 q ntn minagsrs. 70 be tskon from
"a, ,hc stockholders. No ono can BE- man
toek o this corporation This Bon n ' ~ Msn o.
gers shall elcct ono out II their op1, n,I,nb~r NJ
resident ,t oisa9 board who shall hold his oce
J 81 the whole number NJ mYnagors may NJ any
yne remove thoir President. and immsiintsiy 7
w. another riga their own number IN his stss1
mart such rules and for vt th .ar f r, 70
i !, r. 'h.y may deem right aud proper. pro.
ls charter. ths constitution aud Ioss 81 ,bis
tate or the United States.
ARTICLE XIV. =
The Board Of Managers may Distribute the
nfies to be performed BY them 8mong their Z
wn number as they may deem right and proper.
he said board inav engage Tho services of anrh
mpEoyee and subordin.atos. or either, o. thew l.
ny neein ns rec and proper e carry on the
. known ~ such names az the Board OF Mana
era may assign 70 them or each Of then, al J
II Of whom shall hold their respective uori. ,rna
uriDg the pleasure 81 said board -''"'
ARTICLE XIV. b
The Board Of Managers shAll ,nsS.& month";,
\ such day and hour ~ Inc board NAV desir..
1te. 70 transact tho business Of the corDoratinn
nd three members thereof slall constitnte q
10rum for business, q majority OF whom shall -
,ntrol. The president Of the Board Of ManaDars
any two members OF the board NAV calf III.
,ard tOgether whenever they may deem II ne
ssary and proper for tho interest o. the cor Z
ration ~ do 30. =
ARTICLE XVI. q
The president OF the Board Of Nanacers or
Q person representing such president Shall hc -
G proper party upon whom judicis1 uroce,s r.
ID all other notices shHll be served r
ARTICLE XVII
should the preside Mt OF the Board Of Mapaoers :
absent, rick. or Otherwise disqualified TO- nj.
nd 70 the business Of the corpor1ition then the -
ard shall Jeeignats some other member ri
sir body TO Art IA president pro tempore r
ARTICLE XVIII,
regular set o! books Of accounts shall he II
pt In which oil the business Of the corporation
al be regularly entered. Said hooks and ali
Deipts and vouchers Of the corporation shall nj =
proper times be open 10 the ins peel ion Of anv
OF said corporation.
ARTICLE XIX I'll
M the funds Of the corporation on hand shall ri
kept in some INCORPORATED hank doing bust
~ In this city. and M money shall be draYn
,refron, except upon the check Of tho Dresi- trf
at ri tic Board OF Managers, copntsr,jcnnd i,v =
ch person as the board may Designate. The