The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-06-22
CHARTER.
STATE OF LOUISIANA.
PARISH OF ORLEANS.
CITY OF NEW ORLEANS.

CITY OF NEW ORLEANS.
DE, IT, KNOWN. THAT ON THIS FIF.
one thousand eight hundred and seventy-eight.
and of the Independence Of the United States
OF America the Que 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 in
named aud undersigned. personally came and
appeared, the parties whose names are heres
unto subscribed. who declared that. availing
Louisiana, rela i've to the organization Of cor
porations In this State, they have covenanted
and agreed, and do by, these, presents. cove
whom they represent, to form themselves into
and constitute corporation for the objects and
to wit
ARTICLE FIRST.
The corporate name Of said corporation shall
DO the "9OODENOUGH HORSE SHOE AND
SHOEtNG. A5s OCIATlON." Its domieile shall
DO In the city OF New Orleans, and 1t shall have
corporate seal, with the name of the Company
engraved thereon, end such device as may be
agreed upon by the Board of Directors.
ARTICLE SECOND.
The object and purposes for which this COR
poratiOn Is framed, and the nature Of the bust
ness to be carried ON by II. is hereby declared to
be to introduee. use. apply and dispose of the
HORSE BH1 G MAN NJ S1tY RRfSdP1GNo MPaA
NY and ANVIL HORSE NAIL COMPANY, OF
and s'e% OF
with all notifications and improvements
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 ia hereby
designated as the officer upon whom all eta
t1OIs and other legal process shall be served
and, in his absence. upon the Vice President.
This corporation hall have and enjoy sue
GGessl21n Tor twenty-five years from the date
ARTICLE FOURTH.
The Capital Stock Of this CORPORATION ia hero.
by axed at FIFTY THOUSAND DOLLARS.
divided into five hundred shares Of one hun-
vote, of the stockholders. at q meeting called
1t &b FFY F9 0aTTSS9SeSdbpe 2HE
LARS, notice OF which meeting shall be- pub
lished IN three consecutive issues of daily
paper OF this city, prior thereto.
One hundred shares Of said capital stock are
hereby turned over. rs full paid stock, to the
undersigned, Hugh Kennedy and John Criek-
transfer and assignment which they do hereby
make to this corporation of the interests and
Horse Shoe Manufacturing Com
pany, and Anvil Horse Nail Company of the eitv
OF New York, together with their exclusive
shoes and nails in the States of Texas, Arkan-
5as, Tennessee. Alabama. Mississippi and Lou
isiana for ton years from April II. 1873.
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
Tor subscription at one hundred dollars per
share TO be- paid at such time ard In such NAM
ner as may be determined by the Board Of De
reetOr5.
Should the capital stock be. increased. all
5tock subscribed for shall also he paid at such
line and In such manner as said Board OF Di.
.eCtors 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
Of business. Each director shall own
md hold in his own name at least five shares of
he capital stock of the corporation. The first
Board Of Directors shall be elected Immediately
after the signing Of these presents and shall
lold office until their successors shall have
)een DULY elected. On the first Monday of May,
69, and annually thereafter, ten days previous
notice thereof being given In one Of the daily
lewSpabers published in this city, an election
or directors for the ensuing year shall be held
)y the stockholders, at the office OF the COM
)any and q, plurality of the votes cast. counting
me vote for each share of stock voted on
,ither by the owner thereof or his or her proxy.
hall be sufficient for the election of directors;
md II from any cause said election should not
he meeting of stockholders may be adjourned
or fifteen days thereafter, and IL necessary
hey may continue to adjourn for fifteen days,
Until an election is effected; notice thereof be-
ng given as hereinbefore provided. Said Board
VI Directors SHALL at their first meeting elect
me OF their number as President Of this Com
acanGy that may occur among the Directors
rom death resignation or otherwise. It shall
70 the duty of the President to preside at all
meetings OF the Board. IN case of absence or
inability to act. the Vice President shall perform
u the duties of the President.
The ard Of Directors shall have the power
, make all such by laws, rules and regulations
II the government Of the affairs of this COM
any as they may deem proper and to alter and
mend u
necessary so to do.
ARTICLE SIXTH.
No stoekholder Of this com any shall ever be
ssponsible beyond the amount Of any unpaid
wned by him, for any debt. fault, contract or
ability Of this corporation. nor shall any mere
lformality in organizing have the effect of rem
older to any liability beyond the amount Of the
npaid balance due upon his Stock.
ARTICLE SEVENTH.
This act Of incorporation may be modified
tered. amended or dissolved. with the assent
three-fOurths of the stock represented at a
3neral meeting Of the stockholders. specially
)nYened for that purpose.
ARTICLE EIGHTH.
At the termination of the present charter, or
q dissolution of the present corporation, its
fairs shall b. iqnidated, its debts paid and
~, assets remaining divided among the stock
)lders in DrOpoi ton to the amount of paid up
Ock held by each, the liquidation to DO made
7 two commissioners to be app inted for that
lFpOSe ny Lne BOARD or Directors. All neeeS~
y powers shall be conferred upon them, and
cir COMPENSATION, as well as the period al
wed for liquidati n. shall be fixed in such
amer rs the stockholders may decide. by res
utfon IN general meeting convened.
Thus done and passed in my Office. at New
rleans. the day, month and year first above
ritten, In the presence Of Benjamin Olivier
~ John 4. Wilson, competent witnesses, re-
ding In this city who sign these presents with
9 appearers and me, notary. after reading
ereOf
Original signed:
HUGH KENNEDY, and others.
ENJ. OLIVIER, A''
G. WILSON.