The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-08
CHARTER.
STATE OF LOUISIANA.
PARISH OF ORLEANS.
CITY OF NEW ORLEANS.

PARISH OF ORLEANS.
CITY OF NEW ORLEANS.
RE IT KNOWN. THAT ON THIS FIF-
- teenth day Of May, In the year Of our Lord
one thousand eight hundred and seyenty-elghf
and OF the INDEPENDENCE Of the United States
OF America nlt the Que hundred and second, before
me. Nicholas Browse Trist a notary public. in
and for the parish Of Orleans, State Of Lonisi-
ana. duly commissioned and qualified and In
named and undersigned. personally came and
appeared, the parties whose names are here
unto subscribed, who declared that. avaliing
themselves OF the provisions OF the laws II
Louisiana, relative to the organization Of cor
Dotattons IN this state, they have c0yenanted
nant, agree and bind themselves, and those
whom they represent, to form themselves into
ana constitute corporation for the objects and
purposes and under the sttpulations following,
ARTICLE FIRST.
me corporate name Of said corporation shall
5 pc h. NTGGoODENNQUGH HORSE SHOE AND
SHOElNG ASSOCIATION" Its dOmicile shall
he in the city Of New Orleans, and it shall have
acorporate seal, with the name of the Company
engraved thereon, and such device as NAV he
agreed upon by the Board of Directors
ARTICLE SECOND
The object and purposes for which this cor
p0ratton Is framed and the nature Of the busi~
ness to be carried on by il, Is hereby declared to
HORSE, SHOE MANUFACTURING COMPA-
VI, anu ANVIL Nurse NAIL COMPANY of
New York. agreeaby to the system Of shooting
introduced and practiCed by r A. GO0denough.
with all notifications and improvements
which may be made thereto, and to dispOse Of
the exclusive right to use said shoes and nails
IN me states of Texas, Arkansas. Tennessee.
Alabama, Mississippi and Louisiana.
ARTICLE THIRD.
das h9 d[91aen tb OF this COMPANY is hereby
oHs and other legal proesSg shall T be saT gt
and in his absence, upon the Vice President.
cession for twenty five va@re from tbay 5 1oG
hereof
ARTICLE FOURTH.
The Capital Stock Of this CORPORATION il here
by fixed ut FIFTY THOUSAND DOLLARS
divided into five hundred shares Of one hnnS
dred dollars each, which may be incrnased nv q
vote Of the stockholders at a meeting caHed
for that purpose. 10 a snm not exceedne ONf!
HUNDRED AND FIFTY THOUSAND D0T-
LARS, notice of which me- ting shall be pub
paper of this city. prior thereto. O''S
One hundred shares of said capital stock arc
hereby turned over, as full paid stock to the
undersigned Hugh Kennedy and John Crick-
ard fifty shares to each in consolidation Ofthe
transfer and assignment which thew do herebv
make to this CORPORATION Of the interests and
rights now held and owned by than in the
GOOdenOugh Horse Shoe Manufacturing Com
panV, and Anvil Horse Nail Company Of the city
Of New York together with their excInsfve
shoes and nails in the States of Texas Arkan
sas. Tennessee Alabama Mississippi and Lon
II
Eighty shares of said capital stock are herebv
taken by the subscribers, in the n1mber set
opposite to each name and are to be paid for as
soon as this CORPORATION Is OrganiZei for husi-
ness. The remaining shares are to be offered
for substitution at one hundred dollars per
share. to be paid at such time aud in such man
ner az may be- determined by the Board Of d.
rectors
Should the capital stock be- increased, all
stock aubscrihed for shnIl also he Maid Mt snnh
time and in such manner as said Board of 7T b.
rect0rs NAV determine. "
APTTCI'E FIFTH
AhIICLh Fir LII
. All the powers OF mis- corporation, except as
herein herein limited. snail 9e yes ca In Board OF
Two Of whom shall constitnte n Gnn,un1 for fhe
TRANSACTION Of hmsiness Each dira@tor shai own
and hnld in h9 own name at leat I've sbare oT ~
the GanitaI stock n the coTn0TaftGn TIE fr9t
Hoard Of Directors shall he elertnd i'm msdjataiw
after the signing Of these presents and shall
hold office until their success0ra shall have
been div eIected On the rsf WondaV ~ Nav
1870 and Annually thareafter fem dava nret,ionS
notice thereof being given In on3 Of the daily
newspapers published in this city an election
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, counting
one vote for each share Of, stock voted on
eth9r ny ne owner theEeot or ms or 19r proxy,
ond If frorn ony csi1Sa gaid olentinp sb6TIJ ~
be- held af the time for which notices were given.
the meeting Of Stockholders may be adjourned
for ffteen DAYS thareaftar and If necessary
thew NAV nontfnue 70 6dio1irn for fiffaen davG
nDtil an election is effected: notice thereon be-.
ing given as hereiDbefora provided, Said Board
Of Directors shall at their first meeting, elect
ono of their number ae Presidant Of this Com
nanv and thew shall have the mower to fII anv
vacancV that may occur among the Diraefors
from death resignation or otherwise It shall
be the duty of the President to preside at ali
meetings of the Board. In case of absence or
Inability to act the Vice President shall perform
ali the duties Of the President.
The r ard of Dire Ct0rs shall have the mower
TO make ali such bylaws. rules and regnIatiOns
for the government Of the affairs Of this com
Dany as they may deem proper and to alter and
amend the same whenever they may consider
if necessary 60 to do -1-'''
ApT1C1r oIvTr
hhllChb 0lAlh'
No stoGkhQlder OF THIS company shalI ever pc
balance, due to the Company on the shares
cd hv,H i'm f,ru Dv oh or