The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-09-08
CHARTER.
UNITED STATES OF AMERICA.
STATE OF LOUISIANA.
PARRISH OF ORLEANe

re. TT KNOWN THAT ON THIS TWIN.
- tieth day of the month Of February, in the
year of our Lord enc thousand eight hundred
and seventy-seven. before me, Oscar Drouef,
notary public in and for the parish and city of
| New Orleans, duly commissioned and sworn.
and in presence of the undersigned witnesses.
personally came and appeared the subscribers
| mine in number), all being residents of this
city and proprietors of settler and mineral
wa,.er manufactures established in this city,
hh ~ rs b9qE aesr9g s Of 9dng
| by an act Of the Legislature of this. State, en-
titled AN act for the organiza ion Of corpora
| tons" approved March a. 1856. they had cove
nanted, contracted and agreed and they do, by
| these presents. covenant. contract and agree to
associate themselves together and to form q
| corporation for the purpose OF manufa" turing
| ana selling soltzer mineral, and all other
aerated waters. in the city Of New Oreann, and
| to this end and purpose they have established
| governance of said corporation:
ARTICLE /. .t
The name and style of this corporation shall
Be be the &c QEsGENT GhTI Sh hbV AM MIN
ici shall be In the city of New Orleans.
1t shall commences business immediately and
shall, exist, for the term Of ten years from the
| ner hereinafter provided, during which time it
shall exercise and enjoy all the powers, rights
and privileges granted by law to corporations
It shall have a seal with such device as the
| board OF directors may hereafter adopt. The
| president shall be the proper person upon
ARTICLE III.
! The objects and purposes of this corporation
| are declared to be the manufacture and sale Of
| settler, mineral and all other aerated waters.
ARTICLE III.
| 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
| books Of 'his corporation at it's Office aud no
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 corDo-
ration, and unless also this corporation,
or. in default thereof. any one or more
members of said corporation shall have had he
privilege Of purchasing said share or shares Of
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 ey-
ercised by a board of directors, composed of
five stockholders. q majority Of whom shall be
| aquorum for he transaction of all the business
The board of directors shall annually, at
their first meeting elect one of their members as
president who shall hold his office for the term
of one year, or until his successor is elected.
The president shall preside at all meetings of
| the board Of directors and shall conduct and
| manage the business o1 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 power to make and adopt such bylaws
Us they may deem proper to fill any vacancies
| 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
the office Of the corporation on this day. and
thereafter on the first Tuesday of January of
| ItJpxt riff r. binb
| election ehall be given by the president to each
stockholder and in the event of no election
taking place on said day 1t shall be postponed
fifteen days. and every succeeding fifteen days
until an election be had. notice being given as
| aforesaid.
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 O 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 "
Proper books of account shall be kept, in
which all the dealings and transactions of the
| corporation shall be entered. and they shall be
| open at all times to the inspection OF the stock
There shall be exhibited yearly to the stock
| holders. at their general meeting for the cleo
ton Of directors. q full and complete account
| of AL the business and affairs of the corpora
ton, including u general balance of the hooks,
and statement of the profits and losses during
| the year. -
| ARTICLE VI
| The said appearers toriginal stockholders
| 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 canse of any informally In organizing
| or any other circumstances whatsoever, in any
| further amount than the loss of his stock nor
| shall any infOrmality in the organization OF
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 vote OF
three-fourths of the whole capital stock at q
general meeting Of the stockholders convened
tice in two of the daily newspapers of this city
ARTICLE VIII.
At the expiration of this charter Or sooner,
| as provided for in article seventh the lquida-
ton of the affairs of this corporation shall be
made by three commissioners. to be chosen by
the stockholders from amongst themselves; the
term of office of said commissir ners their COM
pensation and duties. as well as the manner
| and duration OF liquidation, shall also be liked
by said stockholders.
| Thus done and executed at my office, in said
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. VINO have hereunto
signed their names with the said subscribers
and me, the notary, the whole after due reading
of the foregoing.
Witnesses i RSG IE gle
OSCAR DROUET, Notary Public
certify the foregoing to b a true copy of the