The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-22
CHARTER.
STATE OF LOUISIANA.
PARISH OF ORLEANs-CI OF NEW OR
LEANS.


eight, and Of the Independence OF the United
States OF America the one hundred and second.
before me- Nicholas Browse Irist, notary
public in aud for the parieh Of Orleans. State Of
Louisiana, duly commissioned and qualified.
and in the presence Of the witnesses hereinafter
named and undersigned. personally came and
appeared tho parties whose names are here
unto subscribed who declared that, .availing
themselves of the provisions OF tho stat
utes of tho State Of Louisiana rela-
tive to tho organization Of CORPORATIONS |
they, have eoyenaned agreed re ,l,.d ana s,ipn
and sttpulate to form themselves into body |
| corporate for the objects and purposes and
| under the etpulations. obligations aud regula |
| lions following. viz
ARTICLE II.
Tho name and title Of this CORPORATION shall
be THE DEMOCRAT PUBL,,siIlNd COM
oHi 80 in the city of New Orleans. and shall have
and ENJOY corporate lowers and privileges T. T
the full end and term Of tweniy five years IN,
ess sooner dissolved, as hereinafter provided
It shall have and use cooperate seal. Will
such device and inscription thereon rs the
Board Of Managers may d eide upon.
Tho president Of the corporation ehall bo the
the proper officer on whom citations aud other
! legal process shall be served.
ARTICLE Ii.
Tho objects and purposes Of this corporation
are to print and publish. under tho go operative
| system. n newsp lper. aud To carry on general
book and Job printing business and everything
connected therewttn. aud through tho consa-
uuent diffusion Of knowledge and general In
formation to promo.e tho commercial indus
trial social and political Interests OF tho people
ARTICLE III.
The capital stock Of this corporation Ia hero
nv fixed at one hundred thousand dollars. Ill
vfded into ono thousand shares of ono hun
bred dollars each. of which four hundred
and ny shares shG o be &c gon aanrgd q
Dupre, H. J. Hearsey. John augustln and Albsft
G. Jantn late proprietors Of the New Orleans
| DEMOCRAT in COZ sderation Of tho sale and
transfer hereby made by them to this corpora
ton of the said newspaper type, machinery.
good will fixtures and everything belonging
paper and Job printing establishment,
, without exception or reservation, and
acter or nature whatsoever. Tho remain,
Ing i've hundred and fifty shares shall
be taken in equal proportions by the other IN
corporators. 10 be paid by applying to that pur-
pose the profits realIz d zach year by this cor
= poraton. after deduction Of tho pre-, rata OF the
dividends to which the above paid no stock
shall be and Is entitled Should any existing
o liabilities Of the present firm Of Geo. W. Duprt
"a Il Go be iauidated out Of tho property herein
70 transferred or out Of the earnings OF this cor
| porntiop then q corresponding amount OF thatl
said paid-up capital stack shall b6come th'
n No stock Of ibis corporation shall ever b'
/ eanceled. but shall remain at the fui
amount Of one thousand shares q ono hun
r dred dollars each, and any shares that shall b.
any means become tho property OF the CORPORA
ton shall be OPENED to subsctlption 10y indi
8 lations as the Board ~ Managers may prescribe
ARTICLE ~.
Il No shares OF tho capital stock Of this com
J." pany shall be sold or transferred by any holde
s. thereof unless full paid. and no stock can b
sold without having been first offered to tn
corporation which shall have the privilege Q
, purchasing at an appraised price; and In cas-
any stockhOlder shall have tho refusal Of IN
IN stock proposed to be- sold upon the same tern'
,d The stock shall be transferred only on the book
IL of the corporation.
- ARTICLE "
Tho affairs Of this corporation shall be mar
T., aged and all tho cOrporate powers thereof e1
" ercised by Board Of Managers; which sha
w consist OF seven members, any five Of WhoI
n shall constitute n quorum Tor the TRANSACTION
ir business. Three Of said members shall |
~ chosen by the holders Of said paid up stock II
ut remainder shall be chosen by the holders OF II
unpaid stock: two thereof to be selected by Il
= newsroom, one from the editorial room, an
& ono from the press and counting rooms
nj Tho first Board Of Managers shall be con
-. posed Of the following named persons: deors
az ". Dupre, Henry J, Hearsey, John August 81,
No. d. Harris and stephen d. Pool, r.; who chs
y hold office until their successors shall have boz
: on the first Monday Of September Of ea'
49, year ten days previous notice thereof beir
ST. given in ono OF tho newspapers OF this ely,
ve election for managers as above hppOrt1oDe
% shall be held by tho stockholders at the office
~ the company. Each stakeholder shall be o.
the hands of another stockhoIder to one 20
on each share Of the capital stock held by him.
o.. Said Board Of Managers shall. at their fr
r. meeting ell ct ono Of their number az preside
of the company. and they shall have the DOW
ny to make all such by. laws rules and regulatlol
sic for the government 81 the affairs OF thls c9t
II" and amend the same whenever they may co
vs. slider 1t necessary 80 to do.
The Board Of Managers shall furthermO
have the power to dismiss from the ass
et citation any member against whom eharg
cGnd99t or p maT%fnheo Of IN ton
- ton OF the association. which may have be'
10 preferred by the head Of department Or a.
member Of tho association. and sustained to u
at satisfaction of two-thrds Of the whole Board
,' Managers after a ballot in due form taken. r
Ok stock held by such dismissed member shall
disposed Of In the same manner az 10 mere
provided for the transfer OF all STOCK OF t
7ill company.
., No stockholder of this company shall ever
''A respond le beyond the amount Of any nnpa
go balance due to the company on the shar
by owned by. him. for any debt, fault contract
al liability OF this corporation nor shall any me
- informally In organizing have the feet OF re
're derng this chart~r null. or Of exposing sto.
of holder to any liability beyond the amount OF t
he unpaid balance due upon his stock.
ARTICLE VII.
This act OF incorporation may be modint
Is altered amended or dissolved with the asse
Or of three fourths Of the whole stock. at gene
100 meeting Of the stockholders, especially 60
:, vencd for that purpose, after ten days pub
lie notice published in one Of the papers ofthis ci
he ARTICLE VIII.
'rs At tho termination Of the present charter
as the dissolution Of this corporation. It's affa
nd shall be iquidated. its debts paid and any
-. sets remaining divided among the 8tGckholdt
~ in proportion to the amount OF paid-up sto
IS held by each. The liquidation to be made
two commits toner's 10 be appointed for ii
purpose by the Board OF Managers All necf
!, sary powers shall be conferred upon them, a.
aid their compensation, IS well as the period
lowed for liquidation. shall be fixed In 81
manner as the stockholders may decide In ge
le- eral meeting convened.
MT
1r- Thus done and passed In my office at New c
:, leans. the day month and year first above WI
ud ten. in the presence of Henry II. Baker a.
9rb Vale Rozer, competent Witnesses residing
Ia this city who sign these presents with the a
80 bearers and me, said notary. after reading
iet the whole.
es Original signed.
va GEORGE W DUPRE,
oh Per pro ALBERT G. JANIN
'n GEORGE w. DUPRE.
Per pro Fl. j HEAKSEY.