The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-05-25
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CHARTER.
STATE OF LOUISIANA.
PARISH OF ORLEANS.
CITY OF NEW ORLEANS.

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CITY OF NEW ORLEANS.
DE IT KNOWN, THAT ON THIS FIF-
ID teenth day of May. In the year OF our Lord
one thousand eight hundred and seventy eight,
and Of the independence OF the United States
Of Ola America the 6fne hundred and second, before
me, Nicholas Browse Tris a notary public, In
and for the parish Of can Stae q aod II
the presence Of the witnesses hereinafter
named and undersigned, personally came and
unto subscribed, who declared that avatling
themselves Of the provisions OF the laws OF
louisiana, relative to the organization OF cor,
porations In this State. they have coyenanted
and agreed, and do by these, presents, cove
'nant, agree and bind themselves, and those
whom they represent. to form themselves into
and constitute a corporation for the objects and
purposes and under the stipulations following,
- "'' ARTICLE FIRST.
The corporate name OF said corporation shall
be the "GOODENOUGH HORSE SHOE AND
SHOEING ASr OCIATiON." Its domicile shall
e In ,ne 81
engraved thereon, end such device as may be
agreed uron by the Board of Directors.
ARTICLE SECOND.
The object and purposes for which this cor
poration Is framed. and the nature OF the busi-
ness to be carried on by L, Is hereby declared to
be to introduce, use. apply and DISPOSE Of the
hpf sHuE e f ~ GoMfa
Nj, and ANVIL HORSE NAIL COMPANY, of
New York, agreeably to TIE system n OF shosing
with all notifications and improvements
which may be made thereto and to dispose Of
the excgsve right to sad shoes and nails
Alabama Mississippi and Louisiana.
ARTICLE THIRD.
The President of this Company Is hereby
designated as the officer upon whom all eta
and. in his absence. upon the Vice President
This corporation hall have and enjoy sue
cession for twenty five years from the date
ARTICLE FOURTH.
The Capital Stock Of this CORPORATION is here
by fixed at FIFTY THOUSAND DOLLARS,
dred dollars each, which may be increased by a
vote. of the stockholders, at a meeting called
e5 nPa5p99Ns b FFT4 bo
LARS. notice Of which met ting shall be pub
lished in three consecutive issues of a daily
paper OF this city prior thereto.
One hundred shares Of said capital stock are
hereby turned over, as full paid stock, to the
undersigned Hugh Kennedy and John Crick-
transfer and assignment which they do hereby
make to this corporation OF the Interests and
fights now hfld and h owned bE them II the
pany, and Anvil Horse Nail Company of the city
Of New York, together with their exclusive
privileges to use and dispose Of the said horse
shoes and nails in the States of Texas, Arkan-
sas, Tennessee, Alabama. Missssippi and Lou
isiana for ten years from April u, 1878.
taken by the subscribers, in the, number set
opposite TO each name, and are to be paid for as
seea as s Is S a ,1
for subscription at one hundred dollars per
share, to be paid at such time and in such man
ner as may be determined by the Board of Di-
rectors.
Should the capital stock be increased. all
stock subscribed for shall also he paid at such I
rectors may determine.
ARTICLE FIFTH.
All the powers of this corporation. except as
herein limited, shall be vested in q Board of
two of whom shall constitute o quorum for the
transaction of business. Each director shall own
and hold In his own name at least five shares of
Board Of Directors shall be elected Immediately
after the signing of these presents. and shall
beea nT on osaV Of
1879, and annually thereafter. ten days previous
notice thereof being given In one Of the daily
for directors for the ensuing year shall be held
by the stockholders at the Office of the com
pany and a. plurality of the votes cast count ting
either by the owner thereof or his or her proxy,
shall be sufficient for the election Of directors :.
and II from any cause said election should not
the meeting Of stockholders may be adjourned
for fifteen days thereafter. and II necessary
they may continue to adjourn for fifteen days,
until an election is effected; notice thereof be-
ing given as hereinbefore provided. Said Board
of Directors shall at their first meeting elect
one of their number rs President of this Com
pany, and they shall have the power to fill any
vacancy that may occur amorg the Directors
be IRON The death y I'm Or S 81 sh
meetings OF the Board. In case of absence or
inability to act the Vice President shall perform
all the duties of the President.
The Board of Directors shall have the power
to make all such by laws. rules and regulations
for the government of the affairs OF this com.
pany as they may deem proper, and to alter and
amend the same whenever they may consider
1t necessary go to do.
ARTICLE SIXTH.
No stakeholder of this company shall ever be
responsible beyond the amount of any unpaid
balance, due to the Company on the shares
owned by him. for any debt. fault. contract or
liability OF this corporation. nor shall any mere
tnformality in organizing have the effect of rem
dering this charter null or of exposing stock
holder to any liability beyond the amount OF the
unpaid balance due upon his stock.
ARTICLE SEVENTH
This act Of incorporation may be modified
altered, amended or dissolved with the assent
of three fourths Of the stock, represented at a
general meeting of the stockholders. specially
convened for that purpose.
ARTICLE EIGHTH
At the termination Of the present charter or
the dissolution of the present corporation. its
affairs shall h5 liqudated its debts paid and
any assets remaining divided among the stock
holders in proportion to the amount of paid up
stock held by each. the liquidation to be made
purpose by the Board of Directors. All neces-
AIRY powers shall be conferred upon them. and
their compensation. as we'll as the period al
lowed for liQuidat n. shall be fixed In such
manner AS the stockholders may decide. by res
olution IN general meeting cony ned,
Thus done and passed in my office at New
Orleans. the day month and Year first above
written in the presence of Benjamin Olivier
and John G. Wilson. competent witnesses, re-
siding in this city, who sign these presents with
the appearers and me. notary. after reading
thereof
Original signed
uIrGu TESNEny ond o+ba,o
y. B. TkIST. Notary Public.
BENZ: OLIVIER.