The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-09-13
CHARTER.
UNITED STATES OF AMERICA.
STATE OF LOUISIANA.
PARISH OF ORLEANS.

| DE. TT KNOWN THAT ON THIS TWEEN
,es tle f gay OF the month Of February, in the
and seventy seven. before me. Oscar Drouet
notary public In and for the parish and city OF
and In presence of the undersigned witnesses.
personally came and appeared the subscribers
tnine in numberl, all being residents of this
city and proprietors of seltzer and mineral
wa.er manufactures established in this city,
themselves Of the privileges and rights afforded
by an act OF the Legislature of this State, en-.
tions approved March a. 1856 tey had COY cove e.
1 naanted contracted and agreed, az they do. by
associate themselves together and to form a
| corporation for, the purpose Of manufacturing
and selling seltzer, mineral, and all other
| aerated waters, in the city of New Orleans and
to this end and purpose they have established
the following rules and regulations for the
goVernance OF SAID corporation:
ARTICLE l.
be the cHEsCiN NJ CY US sgITI AN M hp
EhAL WATERS MANU- FACTORY. and It's dom
icil shall be in the city of New Orleans
1t shall commence business imm ediately and
shall exist for the term of ten years from the
da Q 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.
board OF directors may hereafter adopt. The
president shall be the proper person upon
whom all citations and other legal process shall
be served.
ARTICLE III.
The objects and purposes Of this corporation
are declared to be the manufae ure and sale of
settler, 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
books of this corporation at it's office, aud no
sale or transfer thereof shall be made by the
owner nor be valid until sixty days notice of the
have been given to the president of the corpo-
ration, and unless also this corporation
or, ia default thereof, any. one or more
privilege OF purchasing said share or shares of
capital stock ct the bona tlde price offered
fault Of any such offer, at the market value of
such share or shares.
ARTICLE ~.
All the powers of this corporation shall be ex-
ercised by q, board OF directors composed Of
five stockholders, 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
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 of the corporation gen
orally. under the supervision OF the board of
directors.
In the absence or inability to act of tho presi-
dent. the board of directors snail appoint one of
their members to act, in his place. They shall
have the power to make and adopt such laws
ts they may deem proper to fill any vacancies
IN their number, and generally to do aud 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
the office OF the corporation on this day and
thereafter on the first Tuesday of January of
each and every year, due written notice of which
election shall be given by the president to each
taking place on said day it shall be postponed
fifteen days. and every succeeding fifteen days
until an election be had, notice being given as
AT all elections or meetings each stakeholder,
either In person or by proxy shall be entitled
and the persons receiving the number OF votes |
representing Q majority in amount of the capt |
tal stock shall De considered as elected and
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
holders.
There shall be exhibited yearly to the stock
ion Of directors. full and complete account
lf al the business and affairs of the corpora
Ion, including general balance of the books
Ind q statement of the profits and losses during
he year.
ARTICLE VI.
The said appearers toriginal stockholders)
shall have the privilege of being employed bv |
preference to all others in the business of The |
at salaries to be fixed by the board
II directors.
No stakeholder shall ever be held liable for
he contracts acts or faults of the corporation.
Tor by cause OF any informally in organizing |
n any other circumstances whatsoever in any
urther amount than the loss of his stock nor
hall any informally in the organization of
his corporation render this charter null
ARTICLE VII
This act of incorporation may be altered and
Lmended, or the corporation itself dissolved
,efore the expiration of it's term BY a vote of
of the whole capital stock ut a |
.eneral meeting of the stockholders convened
Lnd held for the purpose after thirty days no.
ice in two Of the daily newspapers of this city
ARTICLE VIII.
At the expiration OF this charter or sooner |
IS provided for in article seventh the luuida-
ion of the affairs of this corporation shall be ;
made by three commissioners to be chosen by
he stockholders from amongst the mselves the
ERIN of Office OF said comm sSi onerS, their com
,ensation and duties, rs well as the manner
nd duration of liquidation, shall also be fixed
" said stockholders.
ihus done and executed at my Office in said
ity Of New Orleans, the day, month and year
rst above written, in presence of Messrs. One |
ipbore Drouet and John Legier, both of this
ity, competent witnesses. VINO have hereunto
igned their names. with the said subscribers | ,
nd me, the notary, the whole after due reading
/ the foregoing.
Witnesses i RSG IEa1ER.
OSCAR DROUET. Notary Public. I
/ certify the foregoing to be true copy of the {
riginal act Of corporation extant in my cur '
fiutn