The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-09-04
CHARTER.
UNITED STATES OF AMERICA.
STATE OF LOUISIANA.
PARISH OF ORLEANS.

DE TT KNOWN THAT ON THIS TWEEN
- sieth day of the month Of February, in the
year Of our Lord one thousand eight hundred
and seyenty-seven, before me, Oscar Drouet,
New Orleans, duly commissioned and sworn,
and in presence of the undersigned witnesses,
personally came and appeared the subscribers
city and proprietors of settler and mineral
wafer manufactures established in this city.
which appea!reears being desirous Of ayailng
by an act of the Legislature of this State, en-.
titled An act for the organization of corpora
tions, approved March a. 1855. they had cove
nanted, contracted and agreed, and they do. by
these presents, covenant, contract and agree to
associate themselves together and to form a
corporation fol-, the purpose Of manufacturing
and selling seltzer, mineral. and all other
aerated waters in the city of New Orleans, and
to this end and they haze established
governanee of said corporation:
ARTICLE l.
The name and style Of this eornoration shall
be the CRESCENT CITY SELTZ AND MIN
ERAL WATERS MANDATORY. and its dom
icil shall be in the city of New Orleans
It shall commence business imm ediatel v and
shall exist for. the term of ten years from the
date hereof. unless sooner dissolved in the man
ner hereinafter provided. during which time it
shall exercise and enjoy all the powers, rights
and privileges granted by law to corporations.
1t shall have seal with such device as the
board of directors may hereafter adopt The
president shall be the proper person upon
whom all citations and other legal process shall
ARTICLE III. =
The objects and purposes of this corporation
are declared to be the manufacture and sale of
seltzer mineral and all other aerated waters.
ARTICLE Ill.
The capital stock of this corporation shall be
eleven thousand six hundred dollars. divided
into nine shares all of which said shares have
been and are hereby declared to be full paid.
Transfers of stock shall be made only on the
bT, of fl1i c .uft lie hi
sale or transfer thereof shall be made by the
owner nor be valid until sixty days notice of the
intention to transfer or sell said stock shall
have been given to the president of the corpo-
ration, and unless also this corporation
or. in default thereof. any, one or. more
pVese Of sad share nav s na sf
capital stock at the bona fide price offered
therefor outside of this corporation, or in de-
fault of any such offer. at the market value of
such share or shares.
ARTICLE ".
All the. powers of this corporation shall be ex-
ereiSed by board of directors. composed of
five stockholders, a majority of whom shall be
a quorum for the transaction of all the business
OF the corporation.
The board Of directors shall annually, at
their. first meeting elect one of their members as
of one year. or until his successor is elected.
The president shall preside at all meetings of
manage the business of the corporation gen
orally. under the supervision of the board of
directors.
In the absence or inability to act of the presi-
dent, the board of directors shall appoint one of
their members to act in his place. They shall
have the powerto make and adopt such by laws
in their, number, and generally to do and per-
form all other acts which may be convenient or
necessary to carry into full effect the objects
and purposes OF this corporation. Minutes
shall be Kept Of all the meetings of the board.
The first election of directors shall be held at
thpr paft on thea Hrct fFt1ac oF ION If
each and every year, due written notice of which
election shall be given by the president to each
aPhe soe hs avs Snail BE- no
fifteen days. and every succeeding fifteen days
until an election be had. notice being given as
aforesaid.
At all elections or meetings each stakeholder.
either in person or by proxy shall be entitled
to one vote for each share of stock held by him
and the persons receiving the number of votes
representing majority In amount OF the CAPT.
tai stock shall be considered as elected and
shall serve for the term Of one year. or until
their successors are duly elected.
ARTICLE V.
Proper, books of account shall be kept in
which all the dealings and transactions of the
corporation shall be entered, and they shall be
Ro oHh 'in0s % INC inspection Oh 'ne s'0ck-
There shall be exhibited yearly to the stock
ton Of directors. full and Complete 'i account cunt
of al the business and affairs of the corpora
ton, including a general balance of the books,
anu SlttteHleHt Vi tue pEOIllS anu losses during
the year.
ARTICLE vi.
The said appearers Original stoekholders)
shall have the privilege of being employed by
preference to all others in the business of the
corporation, at salaries to be fixed by the board
of directors.
No stakeholder shall ever be held liable for
the contracts, acts or faults of the corporation
nor by cause of any informality in organizing
or any other circumstances whatsoever, in any
further amount than the loss of his stock: nor
oh form mol Ifryi in
this corporation render this charter null.
ARTICLE VII
This act of incorporation may be altered and
amended, or the corporation itself dissolved
before the expiration Of its term by a vote of
three fourths of the whole capital stock at a
general meeting of the ckhOlders convened
tlce in two OF the daily newspapers of this city.
ARTICLE VII.
At the expiration OF this charter, or sooner,
as provided for in article seventh. the liauida-
ton of the affairs of this corporation shall be
made by three commissioners, to be chosen by
term of office of said commissioners, their COM
pensation and duties, as we'll as. the manner
and duration of liquidation, shall also be fixed
by said stockholders.
city of New Orleans, the day, month and year
first above written, in presence of MesSrs. One
Siphore Drouet and John Legier, both of this
CITY, competent witnesses, who have hereunto
signed their names, with the said subscribers
and me. the notary, the whole after due reading
of the foregoing.
Witnesses S e RRq HgGfER.
OSCAR DROUET, Notary Public
certify the foregoing to be true copy of the
original act of corporation extant in my cur
rent register OSCAR DR0IIEfT