The New Orleans Democrat. (New Orleans, La.) 1875-1876, 1876-01-09
CHARTER.

IlE IT. KNOWN THAT ON THIS THE
- twelfth of tho month of October. IN The year
Of our LORD one thousand eight hundred and
public. duly commissioned and sworn for the
parish NJ Orleans. State VI Louisiana, and in tho
presenee ef the witnesses hereinafter named and
undersigned, personally came and appeared thG
several PARTIES whose names are hereunto sub
scribed. who Declared that nvailing themselves
Of tho provisions Of the aws-of Louisiana, In re.
latioE TO tho promotion md organization of
e?rp9rations, gs e2Htsipbd thelsoyissd Statutes
e77 they have e,ovenanted and agroed, and by
these presents do covenant and agree. and bind
themselves, and those whom thoy represent. ~
establish an Incorporated company, Tor tho OBJ
sl f MS and regulations Hereinafter her set
forth and contained. to witt
ARTICLE I.
81 81 sSe SS&ass \ Ash sfR X S Z
md have It's principal office in THO city Of New
Orleans. State Of Louisiana. and shall havo md
ENJOY CORPORATE powers md privileges tY the full
torn OF twenty-five years from tho dato hereof.
ARTICLE H.
The objects and purposes Of this corporation
shall be the compiling, printing and publishing
81 newspapers. and tho carrying on Of general
brook Dqcps aqa S9 R1nE sr sasn'sS and all things
ARTICLE III.
The newspapers complied. printed and pub
lished by this corporation shall be Democratic
In politics.
The objects Of tho newspapers compiled.
printed and published by this corporation shall
be 10 promote the commercial. Industrial social
and political interests Of this State and country
and to give tone yigor. point and effect to every
public sentiment and feeling. and to that end
SHALL without fear or favor. decry and condemn
all frauds. pec'ilation, corruption and crime
ANEICLE v.
Tho capital stock Of thls CORPORATION Is hereby
fixed at Ono Hundred Thousand Dollars. divided
into ton thousand shares Of ten dollars each.
Any given number Of shares not subscribed ut
the formation OF this corporation maY. ut the
discretion Of the managers thereof, be divided
Int? halves Of share and disposed Of accord
ingly.
The corporation shall commence business
when ak Thousand dollars of It's stock shall be
subscribed; the stock subscribed shall be paid to
may, Designate after the corporation shall be
established.
ARTICLE VII.
A full share OF stock Of this corporation shall
vote. but no stakeholder shall be entitled t. more
than ono vote In his own right, and one vote as
O'oA' u 's' ARTICLE VIII.
No stakeholder shall vote at any meeting Of the
stockholders by proxy. or agent. unless such
proxy or agent be u stakeholder In said corpora
ton.
ARTICLE TX.
No stock Of this corporation not subscribed for
before its formation shall be taken or subscribed
for except upon the consent Of majority OF the
managers given in writing.
ARTICLE x. M
No stock OF this corporation shall be sold or
transferred without the written consent of three
fourths Of the whole number OF managers; and
any party wishing to sell or transfer hts stock
must notify in writing each and every manager
three days before he proposes to sell or transfer
his stock; and such notice must contain the full
name of the party to whom the stakeholder pro-
poses to sell transfer his stock also his resi-
dence, the numberlof shares proposed to be sold
and the price Of the same. should any number
Of the managers axcaA'iin9 one-fonrb ~ tho
whole number of said managers object to such
sale and transfer, then the aaIno cannot be sold
TO the party wishing to purchase. The consent
or refusal OF the managers must be in writing
and deposited with the persons whose duty II
may be to make or allow the tranSser to be made
on the books Of the corporation. Such written
he stakeholder, the number of shares he pro-
poses to sell or transfer. the full name and rest
ience Of the PROPOSED transferee. And the price
of the stock. all such written consents or refu-
sails shall DO preserved among the archives Of the
corporation for future reference.
ARTICLE XI.
The original subscribers 70 the stock Of this