New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-01-15

CORPORATIONS.
GHARr9R ........CHARTRR.
STATE OF LOUISIANA. PARISH AND CRY 4,
new OnLbANS.
Be it known hat on this twenty.four dav q,
hundred and seventy i've, and Of the independe
of the United States Of America the one hnndredah
re As. H cs1 u Not S'sy n s.
Lo1tsians. duly commissioners and qualified. and
in the pr~seuce Of tho Witnesses hereinafter NAMED
e are
subscribed, whe severally declared at, svains
themselves Of the provisions Of the laws Of this
fur WORKS Of public improvements aad other Dur.
poses, they have convented and agreed and do b.
these presentS covenant and agree and bind them.
hereafter ba associated with them. to form thsca.
selves into and constitute csrpor atom for the
objects and purp0s<s and under the conditions
stipulations and regulstions following, viz:
ARTICLE l.
The name and title Of the corporation shall b.
ehal be the CITY Of New Orleans, in the parish a.
Orleans. and State Of Louisiana; and said COZ.
poration shall have power and authority under it,
CO, pOrate name to have and to enjoy succession
for the full tenn and period Of twenty ave yesrs
commencing on and to be computed from and after
the to sue and and DO sued undo.
seal; to hold, receive, purchase and convey and
mortgage or bypothecats, under its corponte
and appoint such managers, directors and ofacer
ns their interest and convenience may require
and to make and est ablish such bylaws, rules and
regulations for he proper management and regu.
latlOn of the affairs of the cOrp0r alton may b.
necessary and proper, as we'll as to alter amend
the same ct pleasure.
ARTICLE II.
The objects and purposes for which his corpo
ration is establ: shed, and the nature OF the buI
ress to be carried On by it. declared to be to
purchase, manufacture and sell moss: to acquire
BY purchase or otherwise any ard all inventions
or patents for the handling manu- acturing, curing
baling or compress sing moss. whsther bv m achiass
or otherwise, as well as any AMI all extensions or
renewals OF any inventions or patents; to manu-
etc. as well az to vend the same to others for use
CT license rent the same, and to do and perform
all things that NAV be necessary to AIRY on the
business of manufacturing and selling moss.
ARTICLE ILL.,
All citations notices. or other legal process re-
auirea to be served on said company, shall Be-
served upon either the president. treasurer q
secretary Of said com any.
ARTICLE ".
The capital stock of said company il dxed at
fifty thousand dollars, divided into represented
by five hundred shares OF the sum of one hundred
dollars each. payable in full at the time Of sub
script0n being made therefor and the operations
Of said com oany shall commence as soon as two
thirds Of said stock shall have been subscribed for
and paid in full; but the capital stock of said co
pany may. by vote Of a majority of the stock.
any sum not exceeding fvs hundred thousand
dollars, divided into shares Of one hundred dol
lars each; and the individual liability of the tt0ck.
holders shall be limited to sny unpaid inst ailments
due to the company Oh the shares owned by each
ARTICLE v.
Transfers of stock shall be m sde only upon the
books Of the CONT any, and no stakeholder shall BE-
authorized to sell any shares at private sale 70
one not already q etockholder, ualess he shall
psuy At the same price that he or they may be
offered for the same, and the company reserves to
itself in such cases 'hs option of acquiring
such stock at the price 80 offered At sny time
within three days after such otter shall have been
made to the president or secretary of said COM
pany. In al cases where any shares to be
offered at public sale notice of such intended sale
must BE- served upon the president secretary Of
fixed for such sale. In default of a compliance
with these provisions the share or share thus sold
shall not be transferred upon the books Of the
first authorized by resolution of the Board Of
Directors thereof
ARTICLE VI.
AL the corporate rovers OF this company shall
be vested IN and exerci we'd BY a Board Of rectors
Directors may contract with general management
or managers for the control and man sgement of
provided, however. that in such case it shall be
stipulated in such contract tn at such man 3ger or
M anasers shall render to the ,ard Of Directors
full ststeme Mt of their accounts up to the first dav
of July. 1876, within week after said date, and
thereafter quarterly stateme 1ts within week
ments shall be submitted to and verified BY the
secret AIRY OF this corporation, who shall all times
have free access to the BOOKS Of such m anager or
Directors shall be held BY the stockholders i'm.
medately after the recording of this set, and said
own numbers elect President, . Treasurer aud
Secretary: The Directors and officers 90 elected
ehall continue in office until the second Mon lay in
January 1877, NATL their successors are elected
unless sooner removed by a two third vote of ali
the stockholders; three members Of the Board of
Directors shall Con sttute quorum for the trans.
that may occur in their number or in the Off.
GERS during the period for which they elected.
ARTICLE VII
An annual meeting of the etockho d srs shall be
he d at the Off e or domicile of said company on
the &c cODd MOnd ~ m January in each year; and
majority of all OF the sh shall. be necessary to
be repress nted at such meeting Is q quorum for
mee ting election shall be held for the Board Of
Directors, provd d for in article six who shall
continue in office until their successors are elected
tefore Prescribed. Ten ,ys previous notice OF
each annual meeting shall be gwen by adv e1tise.
ment ~ one OF the daily newspapers publishtd in
New Orleans. and majority OF the entire stock
shall be requisite to eecs such Board Of Directors
each and every share of stock being entit to one
At sch nnual meeting a fall report of The con.
ti.iou ard affairs of the company shall be sub.
mitted, al the stOckhold .rs may appoint con-.
miffee to examine such report and iato the affairs
OF the company as regard the correctness thereof
ARTICLE VIII
This act of Incorporation may be change mod.
ned or altered OF this corporation dissolved with
the assent of three fourths in number and amount
OF all the stockholders, at any general meeting Of
Inc STOCK holders convened for such purpose after
thirty days prior NOTES shall have been given Of
such meeting by publication in one Of the news-
papers published in New Orleans. And this cor
porat10n, whenever dissolved, either by termina.
non OF charter or frOn any other canse shall b.
1quidSted by three com missiOuers to be elected
by the stockholders, upon q majority vote. and
such commissioners shall remain in oflce until the
hnal settlement and liquidation of the affairs OF
said corporation.
Thus done and passed in my office in New Or.
leans Aforesaid IN the presence Of George Cenas
ana raul A. Cor and, witnesses both of this CITY.
said -' "AN N"'o ~A"'0
GEORGE D. LUCE, aad others.
P. A. CONAND,
ANDREW HERO, JR.
Notary Public
l. the undersigned, deputy recorder of mortgages
u and for the city of New Orleans parish Of or.
cans, State of Louisiana, do hereby oertifv that
ne ABOVE and foregoing act of Incorporation of
me De!ta Moss Company was this day duly re-
,o,dsd in my office. according to law, In book No
.l8 folios 135, 736, 1871, 738 aud 739.
New Orleans. December a. 1875.
l, andrew Hero. Jr., notary public ~ Aforesaid
certify That the foregoing is true copy of the
'r,ginal act extsnt in my notarial archives.
=, ANDREW HERO. JR, Notary Public.