The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-15
CHARTER.
STATE OF LOUISIANA.
PARISH OF ORLEANS.
CITY OF NEW ORLEANS.

49, OAFA~@~~~@s~s
CITY OF NEW ORLEANS.
DE TT KNOWN. THAT ON THIS FIF-
- 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 America the one hundred and second before
me. Nicholas Browse Trist, notary public, In
and for the parish Of Orleans, State Of Louisi-
ana duly commissioned and qualified, and il
the presence OF the witnesses .hereinafter
named and undersigned personally came and
unto subscribed. who declared that, availfng
themselves Of the provisions. Of the laws OF
porations in this State. they have covenanfed
and agreed, and do by. these presents, cove
nant, agree and bind themselves, and those
whom they represent, to form themselves into
and constitute corporation for the objects and
purposes and under the stipulatfons following,
" W." ARTICLE FIRST.
be the "GOODENOUGH HORSE SHOE AND
SHOEING ASf OCIATION." Its domicile shall
be in the city OF New Orleans, and 1t shall have
engraved thereon, and such device as may be-
agreed upon by the Board Of Directors.
ARTICLE SECOND.
The object and purposes for which this cor
poration IL framed, and the nature OF the busf-
ness to be carried on By it. is hereby declared to
be to introduce. use. apply and dispose 81 the
b2Tse and mule shoes e. The G492PENyog[GH
NY. and ANVIL HORSE NAIL COMPANY, OF
New York, agreeably to the system Of shooting
introduced and praeticed by Il A; Goodenough.
which may be made thereto. and to dispose of
the EXCLUSIVE right to use said shoes and nails
In the States OF Texas, Arkansas Tennessee.
Alabama, Mississippi and Louisiana.
ARTICLE THIRD,
The President of this Company is hereby
designated as the officer upon whom all cta-
o d ahq s oTner legal process sna oe served
This corporation shall 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,
divided into five hundred shares of one huns
9 16 q dP s acR WRaten may 6e increased
HUNDRED AND FIFTY THOUSAND Doll
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-
ard fifty shares to EACH in consideration Of the
transfer ana ai waif t s1e{ 90 hereby
rights now held and owned by them In the
Goodenough Horse Shoe Manufacturing Com
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. Mississippi and Lou
isiana for ten years from April II, 1873.
Eighty shares of said capital stock are hereby
taken by the subscribers, in the, number set
opposite to each name. and are to be paid for as
SOON as.this corporation is organized for busi-
ness. The remaining shares are to be offered
for subscription at one hundred dollars Dor
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 be paid at such
time and in such manner as said Board Of Di-
rectors may determine.
ARTICLE FIFTH.
Ali the powers of this corporation except as
herein limited, shall be vested in a Board of
Directors, composed of four stockholders, any
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
the capital stock of the corporation. The first
Board OF Directors shall be elected Immediately
after the signing Of these presents and shall
hold office until their successors shall have
been duly elected. On the first Monday of May.
1872 and annually thereafter. ten days previous
notice thereof being given In one 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 plurality of the votes cast, counting
one vote for each share OF stock voted on
eheT by tae owner tneFeol OF hIs oE aer DEoxy
and IL from any cause said election should not
be held at the time for which notices were given,
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-
of Directors shall, at their first meeting elect
one of their number as President of this Conn
pany and they shall have the power 70 fll any
from death, resignation or otherwise. 1t shall
be the duty Of the President to preside at all
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 bylaws, 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
ARTICLE SIXTH.
No stockholder 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
informality in organizing have the effect Of rem
dertng this charter null. or OF exposing stock
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
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 It's
affairs shall be liquidated 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
by two commissioners to be appointed for that
purpose Dy the Board OF Dlr6CL0Tbs ALI H0c6S-
airy powers shall be conferred upon them. and
their COMPENSATION. as we'll as the period al
lowed for liquidation. shall be fixed in such
manner as the stockholders may decide. by RES
olution in general meeting convened.
Thus done and passed in my Office at New
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:
HUGH KENNEDY, and others.
y: B. TRIST, Notary Public.
BENZ. OLIVIER,
J. G. WILSON.
/ the undersigned Recorder of Mnrfeages In