The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-02-02

STATE OF LOUISIANA.
PARISH OF ORLEANS-CT OF NEW Or
LEANS

Lord one thousand eight hundred and seventy
SS, lst. arc o. the Independence OF the United
before me, Nicholas Browse Trist. notary
pubic 10 and for the pari- Of Orleans State Of
Loa +. ID GUY eonhmissioned and qualified,
ana IN the presence Of the Witnesses hereinafter
named snd undersigned. personally came and
appear rts1. me parties whose names are here
themselves Of the provisions Of fSe stat
otes Of the State Of Iouisiana s0 r asas
lated, and by these presents do covenant seree
and stipulate to, form themselves into a BODY
under the stipulal ions obligations and reenia-
lions following. viz:
ARTICLE II.
The name and title Of this corporation shall
be THE DEMOCRAT PUBLISHING COM
PANY," il snail nave its donnicil and principal
Office in the city Of New Orleans. and snail have
ana ENJOY corporate covers and privileges I, r
ne ne IniL emo and term OF twenty iye years m,
for.
II shall have and use q coporate seal with
/ Board OF Managers may decide npon,
q. Ihe president Of the corporation shall be the
i Iae proper officer on whom citations and other
ARTICLE II.
The objects and purposes Of Fhis cornoratiov
are 20 print and publish, under the CO.. operative
system, newspaper, and 70 carry on general
o en- l9D printing business and everything
qnent dfndsion Of knowledge and general in
formation to promoe the com mereiaI ind11s-
Tlal; seciai ana political interests Of the people
ARTICLE TIT.
| The capital stock of this corporation la here
oy hSed at one hundred Thousand dollars, d.
yided INTO one Thousand shares Of one bns
dred dollars each. Of which four hundred
and, fifty shares shall be considered as
Du pre-, RI, J Hesrsey John Augustip And AlfArt
z. Jan1n, late DroprIetors of the New Orleans
DEMOCRAT, 10 COZ sfderation Of the sale and
tion Of the said newspaper type machinery.
good will, fixtures and everything belong BE-
and aDpertaining 70 their general news
without exception or reservation, and
free from all eEcumbrances Of every char
9 aetsr Or nature ghatseevssr; The remain,
be taken in equal proportions by the other In
corporafors, 70 be paid by applying to that pur-
pose the profits realiz d each year by this cor
poration, af.er deduction Of the pro rata Of the
dividends to which the above paid-up stock
shall BE- and is entitled. Shonli any existing
liabilities of the present firm Of Geo w. Dupre
& Co bs liquidated out Of the property herein
transferred or out Of the earnings Of this cor
poration, then a corresponding amount Of their
SAID pald-go capital st~ck shall become the
No stock of this corporation shall ever be
eanceled, but shall remain at. the fun
dred dollars each. and any shares that shall by
any means become the property Of the corpora
tiOH H13il n6 opened 10 suDScr1 DffOn by tndt-
Yidual stockholders upder such ru es and regu-
lations as the 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 fun paid. and no stock can be
sold without having been arst offered to the
corporation. which shall have the privileges Of
purchasing &c an appraised price; and in case
any s,ockhoider shall have he refusal Of the
stock proposed to be sold upon the same terms
The stock shail be transferred only on the books
ARTICLE Y.
The affairs Of this corporation shall be man
aged, and all the corporate powers thereof ex-
ercfsed, by Board of Managers which shall
shall constitute quorum for the transaction Of
business. Three OF said members shall be
chosen BY the holders Of said paid up stock the
unpaid stock: two thereof TO be selected By the
newsroom, one from the editorial room, and
one h ifo a.. the pres ard counting rooms
posed OF the following named persons: George
", Dupre, Henry J. Hearsey. John Augustin,
Christopher NunResssr. VIM H. Barrow, Tim.
D. Harris and stephen D. Pool, Jr.. who shall
hold Office until their SUCCESSORS shall have been
duly elected and installed.
On the first Monday Of September Of each
year, ten days previous notice thereof being
CIV in one OF the newspapers Of this city an
election for managers as above apportIoned,
shall be held By the stockholders at the Office OF
the company Each stocxholder shall be en-
titled, 81, her In person or By proxy placed in
on each share OF the capital stock held BY him
Said Board Of Managers shall, at their first
meeting, elect one Of their number as president
of the company, and they shall have the power
70 maze all such bylaws rules and regulations
for the government Of the affairs Of this COM
pany as they may deem proper. and TO alter
slider 1t necessary go TO do.
The Board Of MaDaeers shall furthermore
have the power 10 dismiss from the asso-
hnr inc rx,1o onas-
o. Improper conduct or nalfeasance Ia the line
OF dUCy derogatory to he principle Of co-opera-
ton Of the association, which may have been
preferred By the head Of department. or any
mem Der Of the association and sustained TO the
satIsfaetlon Of two-thirds Of the whole Board OF
Managers. after a ballot Ia due form taken The
disposed Of In the same manner as is herein
provided for the transfer of all stock Of the
ARTICLE VI.
No stakeholder of this company shall ever be
responsib beyond the amount Of any unpaid
balance due. to the company on the shares
liability Of this corporation nor shall any mere
inf0rmslftV 10 organizing have the effect Of rem
dering this chart null. or of exposing stock
holder 70 any liability beyond the amount Of the
unpaid balance due upon his stock.
ARTICLE VII.
This art Of incorporation may be modified
altered, amended or dissolved with the assent
of three fourths Of the whole stock at A general
meeting Of the Stockholders, Especially con-
vened for that purpose, after ten days public
notice published in one Of the papers Of this city
ARTICLE VIII.
At the termination Of the present charter, or
the dissolution Of this corporation, it's affairs
shall be liauidated, its debts paid, and any as
sets remaining divided among the stockholders
in proportion to the amount of pafd-up stock
held by each, The liquidation to be made by
two commissioners TO be appointed for that
purpose by the Board Of Managers All neces-
sary powers shall be conferred upon them and
hsSGr conn an afif nall %na ~4.NA al
lowed for liquidation, shall be fixed in such
manner "a the stockholders may decide In gem
eral nesting convened.
Thus done and passed II my office at New Or
leans, the day, month and year frat above writ
ten. In the presence Of Henry Fl. Baker and
Vale Rozer, com petent Witnesses residing Ia
ths city who sign these presents with the ap-
bearers and me. said notary, after reading Of
the whole.
Original signed.
GEORGE ". DCPRE,
Per pro ALBERT q JANIN
GEORGE ". DCPRE,