The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-12
CHAnTxn.


book and lob printing business ana syerythjna
o0nneced herewith. and through the conse-
guent diffusion OF knowledge and general In
FORMATION TO promOe the commercial indus
trial social and political interests OF the people
= '''' '''O ARTICLE Ill
The capital stock Of this corporation Ia bere-
by i5ed AZ one. hundred thousand dollars. d.
and ty shares shall n 81 consds anarsd
paid-up stock and delivered to George W.
pupre, II. ,. Hearsey. John Augustin and Albert
DEMOCRAT. In con sderation Of the sale and
transfer hereby. made by them to this corpora
good will. nxtares and everything bsionaing
and appertaining to their general news
%ssut and a,csn SP printing
free from all eEeumbrances Of every char
aeter a Or nature yhatsoeysr The remain,
oe taken In equal proportions. by the other In
oorp9rators, r. be pald BY applying to that pur-
pose the profits 5esliz q each year by this cor
shall 20 and entitled snon kdr, aaS exi Es9ns
d Go BIS lIouidated out Of the properly herein
transferred, or out OF the earnings OF this cor
paifdatop pa then corresponding amount Of their
property Of this company.
No stock OF this corporation shall ever be
amount Of one thousand shares OF one hun
dred dollars each. and any shares that shall ~
any means beeome the property OF the CORPORA
vidual stockholders under such ru es and regu-
lations as the Board OF Managers may prescribe.
ARTICLE Nv.
No shares OF the capital stock Of this COM
pany shall be sold or transferred by any hoidsD
thereof unless full paid. and no stock can b
sold without having been first offered TO the
purchasing at an apprased price and IN css =,
the corporation should decline to purchase them
any stakeholder ehall have the refusal Of the
The stock shall be transferred only on the books
OF the corporation.
ARTICLE v.
The affairs Of this corporation shall be man.
ercised By Board Of Managers , which shHs shall
consist Of seven members. any i've OF whom
business. Three OF said members shall be
chosen BY The holders Of said paid up stock tho
newsroom. one from the editorial room, and
one from the press and counting rooms.
posed OF the following named persons. George
" r Raprs Hssnry J. Hearsey John Augussin.
B. Harrs and stsphsn D. Poo Jr wo ahai
hold Office until their successors shall have bers
duly elected and installed.
year. ten days previous notice thereof being
given in one OF the newspapers Of this city an
election for managers as above apportioneds
the company. Each stockholder shall be en-
titled. either In person or by proxy placed In
on each share Of the capital stock held BY him.
Said Board Of Managers shall. at their frst
meeting. elect one " their number a. president
TO make af such By claws. rules and regulations
for the government Of the affairs Of this com
Da91y . as they x. may desm psoper and % alter
The Board d Managers shall furthermore
citation any member against whom charges
o. Improper conduct or malseasance In the limo
n nu q ss +, ne q
member Of the association. and sustained TO Tho
Managers. after ballot In due form taken. Tho
stock held by such dismissed member shall 10
nropssd 70 dr u hs the 81 M e Z h en-
ARTICLE VI
No stakeholder OF this company shall ever -
responsible beyond the amount OF any unpaid
owned BY him for s any ds fault coStra =
liability of this corporation nor shall any mere
derlne this ehartsr null. Or Of exposing stock
holder 70 any liability beyond the amount Of the
unpaid balance due upon his stock.
ARTICLE VII.
This act of incorporation may be modified.
OF three fourths Of the whole stock. ii q general
meeting OK 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 tho termination Of the present charter, or
the dissolution Of this corporation. its affairs
shall be liduidated. It's debts paid and any as
sets remaining divided among the stockholders
Ia proportion to the amount of paidsup stock
held by each. The liquidation 20 Be made 81
two commiss toner's TO be appointed for that
purpose BY the Board OF Managers. ALI necee-
sary powers shall be conferred upon them. and
their compensation. az well as the period al
lowed for liquidation. shall be fixed In such
manner as the stockholders may decide In gen.
eral meeting convened
Thus done and passed In my ONCE at New Or
leans, the day. month and year first above writ
ten. In the presence OF Henry II. Baker and
Vale Rozier, competent Witnesses residing In
this city. who sign these presents with the ape
the whole.
ORIGINAL 9lgnea.