The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-09
ACADEMY OF MUSIC.
CHARTER.
STATE OF LOUISIANA.
PARISH OF ORLEAES-CITY OF NEW Or
LEANS.

PARlSH OF OkLEANS-CIII OF NEW Oh
LEANS.
DE 1T. KNOWN, THAT ON. THIS SIX
tenth day Of p ss. 81 In the year OF our
eight. and OF the Independence OF the United
States Of America the one hundred and second
public 10 and for the paris OF Orleans. State Of
Louisiana. duly commissioned and qualified,
and in the presence Of the Witnesses hereinafter
appeared the parties whose names are here
unto subscribed. who declared that. availing
OF tie provisions 81 the stat
tive to the organization of corporations.
they. have. coyenanted. agreed and stiDu-
lated. and by these presents DO covenant, agree
and stipulate TO form themselves into a body
corporate for the objects and purposes and
under the stipulaiions. obligations and regula-
tions following. viz:
ARTICLE II.
The name and title OF this corporation shall
be THE DEMOCRAT PUBLISHING COM
PANY." Il shall have its domicil and principal
Office In the city Of New Orleans and shall have
the full end aud term Of twenty-five years. un-
less sooner dissolved. as hereinafter provided
II shall have and use a Corporate seal. with
such device and Inscription thereon as the
Board OF Managers may decide upon,
the proper officer on whom citations and other
legal process shall be served.
ARTICLE II.
The objects and purposes of this corporation
are to print and publish, under the cooperative
book and job printing business and everything
connected therewitn. and through the conse-
quent diffusion OF knowledge and general In
formation to promoe the commercial. indus
trial socia, and political interests OF the people
OF this State.
The capital stock of this corporation Ia here
by fixed at one hundred Thousand dollars. d.
vided into one thousand shares of one hum
dred dollars each. Of which four hundred
paid-up stock and delivered to 0eorss ":
Dupre, II. j. Hearsey, John Augustin and Albert
g Jan1n. late proprietors OF the New Orleans
DEMOCRAT. in COL sideratton OF the sale and
transfer hereby made by them to this corpora
ton OF the said newspaper. type. machinery.
good will; fixtures and ever. everything belonging
paper and job printing establishment,
without exception or reservation. and
cssr 90 nature The lens
ing five hundred and fifty shares shall
be- taken In equal proportions by the other In
pose the profits reaiz d each year By this cor
poration. after deduction Of the pro. rata OF the
dividends t9 which ,t the above paid. up stock
liabilities Of the present firm Of Geo. W. Dupre
4 Co be liquidated out OF the property herein
poraton then corfssnondpe amo 81 to ~ their
said paid-up capital stock shall become the
property Of this company.
cancelled. but shall remain at. the full
amount OF one thousand shares OF one hun
dred dollars each. and any shares that shall by
ton shall Be opened to subscription By fndi-
vidual stockholders under 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 full paid. and no stock can be
pnrcRasing at s an appraised price: and in case
the corporation should decline to purchase then
any stockholder shall have the refusal OF the
The stock shall be transferred only on the books
Of the corporation.
The affairs Of this corporation shall be man.
aged. and all the corporate powers thereof ex-
consist OF seven members. any five OF whom
shall constitute quorum for the transaction OF
b. q sad osd
remainder shall be chosen by the holders OF the
unpaid stock two thereof 10 be selected by the
one from the press and counting rooms.
The first Board OF Managers shall be COM
posed of the following named persons: George
Christopher Nungesser, VIM. T. Barrow, Tim.
ID. Harris and stephen d. Pool. Jr.. who shall
hold Office until their successors shall have been
on the Hrst 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 apporttoned.
shall be held by the stockholders at the office OF
the company. Each stakeholder shall be en-
titled. ell her In person or by proxy placed In
the hands OF another stakeholder. to one vote
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
to make all such bylaws. rules and regulations
for tine government Of the affairs OF this com
pany as they may deem proper. and to alter
and amend the same whenever they may COZ
slider ii necessary 80 to do.
The Board of Managers shall furInermoIo
have the power to dismiss from the as e,os
citation any member against whom cnargss
of improper conduct or malfeasance IN bno mno
OF duty derogatory 70 the principle OF s
ton OF the association. which may nasO o 80
preferred by the head OF departmsne ~ az ~
member OF the association, and eustainSe " sno
satisfaction of two-thlrds OF the wnoS Doar m on
Managers after ballot in due fofm Lakon. Il 70
stock held by such dismissed memDel sIan y
disposed OF In the Same manner AZ u nerein
provided for the transfer Of all STOCK OF the
COMPANY ARTICLE VI
| No stakeholder Of this company shall ever be
resnon~ ffie beyond the amount OF any unpaid
balance due to the company on the shares
owned by him. for any debt. fault. contract or
Iiahilify 81 this corporation nor shall any mere
inform atty n organizing have the efect Of rem
] dering this chaEtoE null. Or Of exposing stock