The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-19
CHAHTER.
STATE or LOUISIANA.
PARISH OF ORLEANS-MTY OF NEW OR.
LEANS.

DE 1T KNOWN, THAT ON. THIS SIX
ID teenth day OF December, In the year OF ou
Lord one Thousand eight hundred and seventy
eight, and OF the Independence 81 the unites
before me, Nicholas Browse Trist. notar,
ablic In and for the parish Of Orleans, State g
louisiana. duly commissioned ana 0uaIined
named and undersigned. personally came ant
appeared the parties whose names are here.
unto sphscribed who declared that. svai ain,
1 utss q the State Of Louisiana reia.
tive to the organization Of corporations
sy say9 DC
and stipulate TO- form themselves Into body
corporate for the objects and purposes and
under. the stipulations. obligations and regula-
ARTICLE II.
The nsms ard ttIs Fl ths e sbsl
PANY." II shall have Its domicil and principal
and enjoy corporate powers and privileges Tor
less sooner dissolved, as hereinafter provided
It shall have and use Corporate seal. with
such DEVICE and inscription thereon as the
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 ii.
The objects and purposes Of this corporation
are to print and publish. under the cooperative
system, q newspaper. and to carry on a general
book and job printing business and everything
connected Herewith. and through the conse-
quent diffusion OF knowledge and general In
trial. social and political interests Of the people
y ' ~ ARTICLE Ill.
The capital stock OF this corporation ia here
by fixed at one hundred thousand dollars di-
vided into one thousand shares of ono hun
dred dollars each. Of which four. hundred
% ssd sna 6 aeo4ss
Dupre, H. J, Hearsey. John Augustip and Albert
9. Janin. late proprietors OF the New Orleans,
transfer hereby made by them to this corpora
ton OF the said newspaper. type machinery.
good Will: fixtures and everything belonging
paper and JOB printing establishment,
without exception or reservation, and
free from al eneumbrances Of every char
me FIVE Hundred anS fifty shares em shall
be taken in equal proportions by the other in
pose the profits realiz d each year by this cor
poration. after deduction of the pro rata OF the
dividends to which the above paid-up stock
liabilities Of the present firm OF Geo. W. Dupre
h Go be liquidated out of tho property herein
transferred or out OF the earnings OF this cor
poratlOn. then corresponding amount Of their
said paid-up capital stock shall become the
property Of this company.
). No est. stock Of this eorporation shall ever be
amount Of one thousand shares OF one hun
ired dollars each. and any shares that shall by
aSa p p the
fidual stockholders under such ru es and regu.
ations as the Board Of Managers may prescribe
ARTICLE Nv.
No shares OF the capital stock OF this COM
9any shall be sold or transferred by any holder
oid without having been first offered to the
corporation. which shall have the privilege OF
purchasing at an appraised price; and In case
my stakeholder shall have the refusal OF the
The stock shall be transferred only on the books
ARTICLE
The affairs Of this corporation shall be man.
Red, and all the corporate powers thereof ex- |
rcised. by Board OF Managers, which shall |
81 sr ys Of whom
usiness. Three OF said members shall be
hosen BY the holders Of said paid up stock the |
unpaid stock: two thereof to be selected by the |
ewsroom, one from the editorial room and |
ne 1 from the press and counting rooms
.osed of the following named persons; George |
Y Dupre Henry J. Hearsey. yohn Augustin. |
christopher e. Nungesser. VIM. T. Barrow. Tim.
old office until their successors shall have been
uly elected and installed.
On the frst Monday OF September OF each /
ear, ten days previous notice thereof being |
W = In one OF the newspapers OF this city, an |
le s, Tor managers as above apportioned,
aaii pc neid Dy inc stockholders at the Office OF
le company. Each stockholder shall be en-
tled. ell Der In person or by proxy placed in |
10 hands OF another stockholder. to one vote
a eaeh share OF the capital stock held BY him.
oaid Board OF Managers shall, at their fret
leet1ng, elect one OF their number as president
the company, and they shall have the power
The 90 o the ru aa rnd It ss
any as they may deem proper. and to alter
10 amend the same whenever they may con-
The Board Of Managers shall furthermore
ave the power to dismiss from the ASSOC |
a ~, any member against whom charges
duty derogatory to the principle OF co-opera-
on OF the association. which may have been
I s1ohae oy the head Of department or any
of two-thirds OF the whole Board Of
anagers. after ballot In due form taken The
e eca. hsld py such dismissed member shall be
rovided for the transfer Of all stock of the
'mpany.
ARTICLE vi.
NO stockholder OF this company shall ever be
lance due to the company on the shares
vned by. him. for any debt, fault. contract or
formally In organizing have the effect Of rem.
ring this chart r null, or of exposing n stock-
,lder 70 any liability beyond the amount Of the
lpald 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 a general |
eetlng OF the stockholders, especially con. |
NED Tor that purpose after ten DAYS pnbjie |
,tlce published In one OF the papers Of This CITY
ARTICLE VIII.
At the termination Of the present charter or
Q dissolution OF this corporation, its affairs
all be lquidated.. its debts paid and anv AZ.
Us remaining divided among the STOCKHOLDERS
proportion to the amount of paid.up stock
10 by each, The liquidation TO be made by |
,r ! ny the Board Of Managers. All neces-
powers shall be conferred upon them and
eli compensation. as well as the period al
Weu Tor liquidation. shall be fixed In such |
amer u az the stockholders may decide In gem
al meeting convened ~ son
mus done and passed In my Office at EeyYyl.1l
ans, me Gay, month and year first above, grit
:, IN the presence OF Henry H. Baker and
;iie o hozler. competent witnesses residing ia
IL CITY. VINO sign these presents with tie an
arels ana me. said notary. after reading 81
Original signed.
GEORGE W. DUPRE.
Per pro ALBERT @. JANIN
4