The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-08-03
CHARTER.
STATE OF LOUISIANA, PARISH OF Or
LEANS.
CHARTER OF THE LOUISIANA MIRROR
MANUFACTURING COMPANY,

named and undersigned. personally appeared
sgribed, who declared that availtng themselves
of the. provisions Of the laws of this State re-
pabs he ahd o E y
have agreed to form themselv Ives into an ASSOC
citation for the objects and underline condltions.
StlpulafionS and regulations hereinafter fully
set forth as the charter by which said corpora
ton shall be governed.
ARTICLE FIRST.
The cgrpqrate ns%e ,4t f his agsqqatiop shall
ING III oo MP NJ ~ l'l'0l' ~ ~ = ~
ARTICLE SECOND.
The place Of business and the legal domicile
OF this association shall be the city Of Now Or
ARTICLE THIRD.
The object Of this company shall be to manu-
Iaesure and repair mirrors and to fell the same,
relating to this branch Of business
ARTICLE FOURTH.
The capital stock Of this company is hereby
dxed at the sum of THIRTY THOUSAND DOLE
LARS. repre sented by 5000 THREE HUNDREDN
shares PAYABLE per installment of three dollars
each. the first installment being due when TIE
time and in the manner determined by the
Board Of Directors.
ARTICLE FIFTH.
This company shall go into effect and COM
mence operations from the date hereof
ARTICLE SIXTH.
Receipts signed by the President md Secre-
tary shall be given to Subscribers for the
amount paid in cash. Said receipts shall be sur
rendered to the company on issuing certificates
$500 ARTICLE SEVENTH. @..
This company is to exist and continue for the
full term of twenty-five years, but may be dis
solved ct any time before with the assent OF the
" called for that purpose. In which case o ma
iority Of twothirds OF the votes present shall be
ARTICLE EIGHTH.
This company shall be capable in law to buy.
sell, mortgage take, receive. hold and in any
hereby authorized and empowered TO- make
rules, bylaws and ordinances, and to do and
perform any and everything needful for its
government and support not repugnant 70 the
constitution and bylaws of the United States
and OF the State of Louisiana. and to this act Of
incorporation.
ARTICLE NINTH.
This corporation shall have seal having the
name of the corporation In the margin.
ARTICLE TENTH.
This company shall have the power TO cite
and be cited, to sue and be sued. The Presi-
dent. or In his absence the Secretary Of the
company, shall be the proper persons upon
whom to serve such citations or all other docu-
ments or writs in all suits against the company.
proved by, the Board of Directors shall. be
signed by the President and countersigned by
the Secretary of this company.
ARTICLE ELEVENTH.
II III Inc business OF GllS mphny snail Dc man.
aged by g Board Of Directors. consisting Of five
stockholders. each Of whom shall own in his
own, right, at least one share If the capital
stock of this company. Three Directors pres
emit at any meeting shall constitute O. quorum
fully authorized to do and perform all acts
necessary for conducting the business Of said
ARTICLE TWELFTH.
The officers OF this company, shall be q Presi-
dent a Secretary and such other assistants or
clerks as the Board Of Directors may appoint.
The President shall preside at all meetings of
the Board of Directors and In his absence IS by
dent and Secretary shall perform oil the duties
appertaining to their respective Offices
ARTICLE THIRTEENTH.
The Board of Directors shall be elected by
year by stockholders voting in person or by
proxy at the office Of the company. The per-
sons receiving plnrallty OF votes shall be con-
elected shall take their seats on the following
Monday and shall hold the same one year
therefrom, or until others are qualified to act In
their stead.
ARTICLE FOURTEENTH.
Each share of stock shall entitle the stock
holder owning the same to one vote: No trans
ceding an election Of directors shall entitle the
transferee to cast his vote at such election.
ARTICLE FIFTEENTH
The Board Of Directors. at their first meet.
ing after their election, shall choose one OF
L
and said election shall be by ballot and by 8
majority OF the whole board.
ARTICLE SIXTEENTH.
The Board of Directors shall appoint Sec
Rotary and such clerks or employees as may be
required, and remove them at pleasure and
shall fix the salaries Of all officers and en-
ployees of this company. The board shall also
have power to supply any vacancy that may
occur among their own number
ARTICLE SEVENTEENTH.
The stockholders in no circumstances what
ever shall be liable for any amount beyond that
of their subscription.
ARTICLE EIGHTEENTH.
Books for the registry and transfer of shares
Of the capital stock, Of the company shall be
open and Kept subject t. the estpe aton
shall be made leo on said books, and signed by the
shareholder or his attorney in fact, which
books the Board Of Directors may close at such
periods and at such times as expedlency may
N'AS' ARTICLE NINETEENTH.
A failure to elect Directors on the day named
for that purp9se shall not dt9so We this as9oea
over until their successors are elected and DUAL;
flied. In case from any cause on election shall
shall be- the duty Of the President to order an
election to take place within fifteen days there
after, he giving notice OF said election IN con-
formity with article thirteenth.
ARTICLE TWENTIETH.
Minutes of oil the proceedings of the Board Of
Directors shall be kept by the Secretary. and
verified by the President. and the President
and Secretary shall sign all notes, drafts,
checks. certificates of stock, contracts and all
evidences of debt Of said company,
ARTICLE TWENTY FIRST.
This charter may be modified Or altered, and
the capital stock increased or reduced, with the
consent of two-thirds of the stock represented
In general meeting Of the Stockholders con
vened for that purpose. after thirty days notice
by publication in any daily newspaper In the
city of New Orleans.
ARTICLE TWENTY-SECOND.
The liquidation of the affairs of said company
shall be made by three commissioners, ap.
pointed by the stockholders at meeting helc
FOR that purpose after thirty days previous no
tice In one newspaper published In New Or
leans: said Hqudators shall be solvent per
sons not indebted to the company, residents o
New Orleans; their term of office shall be as
signed, and all necessary powers shall be- con
ferred upon them. The period of liquidation
shall be fixed as we'll as their COMPENSATION, II
meeting convened shall determine.