The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-12-29
CHARTER.
STATE OF LOUISIANA.
PARISH OF ORLEANS-CITY OF NEW Or
LEANS

ID teenth day OF December, In the year OF our
Lord one thousand eight hundred and seventy;
States Of America the one hundred and second
before me, Nicholas Browse Trist. notary
public In and for the parish Of Orleans. State q
Louisiana. duly commissioned and qualified
and In the presence OF the witnesses hereinafter
| named and undersigned. personally came and
appeared the parties whose names. are here
unto subscribed, who declared that. availing
themselves of the provisions Of the stat
utes of the State Of Louisiana rela-
TIVE to the organization OF corporations
lated. and by these presents do covenant. agree
and stipulate to, form themselves into body
corporate for the objects and purposes and
under the stipulations. obligations and regula-
lions following. viz:
ARTICLE II.
The name and title Of this corporation shall
be THE DEMOCRAT PUBLISHING COM
office In the city OF New Orleans. and shall have
and enjoy corporate powers and privileges for
the fun end aud term OF twenty-five years. un-
less sooner dissolved. as hereinafter provided
1t shall have and use n Corporate seal, with
such DEVICE and inscription thereon as tho
Board OF Managers may decide upon.
The president OF the corporation shall be the
the proper officer on whom citations and other
legal process shall be served.
ARTICLE H.
The objects and purposes of this CORPORATION
are to print and publish under the CO. operative
system. q newspaper, and to carry on general
book and Job printing business and everything
uuent diffusion Of knowledge and general In
formation to promote the commercial. indus
trial. social and political interests of the people
- '' 'D ARTICLE I'LL
The capital stock OF this corporation la here
by liked mt one hundred Thousand dollars d.
yided into ono thousand shares of one hun
and fifty shares shall be considered as
Raid-up, stock and delivered to George W.
Dupre, II, ]. Hearsey. John Augustin aud Albert
9. Janin, late proprietors of tho New Orleans
DEMOCRAT. In COZ sIderation of the sale and
transfer hereby, made by them TO this corpora
good VIII ana yRs
and appertaining to their general news.
paper and 10y printing establishment,
free from all encumbrances OF every char
aoter or nature whatsoever. The remain
Ing 1--WE. hundred and. fifty shares shall
corporators, TO be paid By applying to that pnr-
pose the profits REALIZED each year by this cor
poration. inter deduction Of the pro rata of the
dividends TO which the above paid-up stock
shall be and Is entitled. Shoufd any existing
liabilities, Of the present firm Of Geo. W. Dupre
o. 10 Do liquldated OFT Of the property herein
poratlon. then corresponding amount OF their
said paid capital stock shall become the
property OF this company.
No stock OF this corporation shall ever be
amount OF one thousand shares Of one hun
any means become the property Of the corpora
ton shall be opened to subscription By ipdi-
yldual stockholders under such ru SO and regu-
lalons aS Inc board OF managers may prescribe.
ARTICLE ".
No shares OF the capital stock OF this com
pany shall be sold or transferred by any holder
thereof unless full paid. and no stock can be
SOLO without haying been first offered to the
purchasing at an appraised price; and In case
the corporation should decline to purchase then
stock proposed to be sold upon the same terms
The stock shall be transferred only on the books
OIL the corporation.
ARTICLE v.
The affairs Of this corporation shall be man
aged, and all the corporate powers thereof ex-
srcised. by Board OF Managers, which shall
consist OF seven members. any five of whom
shall constitute quorum for the transaction Of
chosen BY the holders of said paid up stock the
remainder shall be chosen by the holders OF the
unpaid stock: two thereof to be selected BY the
1eWsroom. one from the editorial room and |
'ne from the press and counting rooms.
The 1rst Board Of Managers shall be com
POSED OF the following named persons: George |
christopher NuDgesser. VIM. X. Barrow, Tim, |
,. Harris and Stephen d. Pool. Jr.. who shall |
I oig olce 9nt their shall have been
On the first Monday OF September OF each |
'ear. ten days previous notice thereof being |
'iven In one OF the newspapers Of this city. an |
iectlOn Tor managers as above apportfOned |
hall be held by the stockholders at the office Of |
ne r., company, Each stockholder shall be en-
ba h.e elneI In person or by proxy placed In
y each share of the capital stock held by him.
Said Board OF Managers shall, at their first |
Meeting. elect one OF their number az president |
4 the. company. and they shall have the power
D make all such bylaws. rules and regulations |
or the government OIL the affairs OF this com
any as they may deem proper, and to alter
nd amend the same whenever they may con-
lner IL necessary so to do.
The Board OF Managers shall furthermore
ave the power to dismiss from the asso-
lation any member against whom charges |
! Improper conduct or malfeasance in the line
duty derogatory to the principle of co-opera-
referred by the head OF department or any
lember OF tho association. and sustained to the
qtisfaetion Of two-thirds Of the whole Board OF
lanagers. after a ballot In due form taken The
..ock held by such dismissed member shall be
isposed OF in the same manner as Is herein
rovided for the transfer of all stock Of the
ARTICLE VI
No stockholder of this company shall ever be
'sDonsible beyond the amount of any unpaid
alanee due to the company. on the shares
ability OF this corporation nor shall any mere |
lformality Ia organizing have the effect Of rem
,Ting TINS chartor null. or OF exposing a stock
npaid balance due upon his stock.
ARTICLE VII.
This act OF incorporation may be modified,
tered. amended or dissolved with the assent
three-fourths Of the whole stock. at general
Getting OF the stockholders. especially con-
med for that purpose. after ten days public
1tice published in one OF the papers of this city
ARTICLE VIII.
At the termination of the present charter. or
o dissolution Of this corporation, its affairs |
lall be liauidated. its debts paid and any as. {
is remaining divided among the stockholders
proportion to the amount OF paid-up stock
Did by EACH The liquidation to be made by !
10 commissioners to be appointed for that {
lrpose by the Board of Managers. All neces-
ry powers shall be conferred upon them and {
cir compensation, as we'll as the period al
wed for liquidation. shall be fixed In such
amer as the stockholders may decide In gem J
al meeting convened.
Thus done and passed In my Office at New Or. |
ans, the daT. month and year first above writ |
q; In the presence OF Henry Fl. Baker and
ale Rozer. competent witnesses residing In
ls city. who sign these presents with the ap-
'arers and me. said notary. after reading Of
u whole.
Original signed.
GEORGE W. DUPRE.
Per pro ALBERT @. JANIN
GEORGE w. DUPRE,
Per pro H. J. HEARSEY
GEORGE w. DUPRE.