The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-22
CHARTER.
STATE OF LOUISIANA
PARISH OF ORLEANS-CITY OF NEW OR
LEANS.

eight, and Of the indep. Sdence OF the United
States of America the one nnnd Ts1s ana second
public In and for the parfsh OF orleans. state 81
4 Louisiana duly commissioned and qualified.
ed tn ned
appeared the parties whose names ne. are mere
unto subscribed: who declared thst' a.. avaiitng
utes of the State of Louisiana Tela-
tive to the organization OF corporations.
they have covenanted agreed ana s agpue
corporate for the objects and purposes and
| under the stipuations. obligations and reguia-
lions following. VIZ:
ARTICLE II.
be- THE i 'pEMoCRAT PUBLISHING CON;
in New 5 sRa hSs
| and enjoy corporate powers and privileges for
the full eRd and term OF twenty-five years. un,
less sooner dissolved. as hereinafter provided
It shall have and use a cooperate seal. with
such device and inscription thereon as the
Board of Managers W ay 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. o newspaper, and to carry on general
book and Job printing business and everything
connected Herewith. and through the conse
Quent diffusion OF knowledge and general In
formation to promoe the commercial indus
trial social and political interests OF the people
- WHO '''''''' ARTICLE III.
The capital stock of this corporation is here
by fixed at one hundred thousand dollars. d.
dred dollars EACH Of which four hundred
and fifty shares shall be considered as
bapre r. s Hearsey john Aueusn and Albert
@. Janin. late proprietors of the New Orleans |
DEMOCRAT. IN col federation Of the sale and
tion of the said newspaper. type. machinery. |
good will. fixtures and everything belonging |
and to their
Without exception or reservation. and
free from all encumbranees Of every char
Ing five hundred and fifty shares shall |
corporators. 70 be paid By applying to that pur-
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
IL Co be lfquidated out of the property herein
or out of the earnings Of this cor
said paid-up capital stock shall become the
property Of this company.
No stock Of this shall Be
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-
yldual stockholders under such ru es and regu-
latlonS as the board OF managers may prescribe.
ARTICLE Nv.
No shares OF the capital stock OF this COM
thereof unless full paid. and no stock can be
sold without having been first offered to the
which shall have the privilege Of
purchasing at an appraised price; and In case
the corporation should decline to purchase then
any stakeholder shall have the refusal of the
The stock shall be transferred only on the books
OF the corporation.
ARTICLE
The affairs Of this corporation shall be man.
dn a. all hs e thereof
consist OF seven members any five Of whom
shall constitute quorum for the transaction OF
chosen BY the holders Of said paid up stock; the
remainder shall be chosen by the holders Of the
unpaid stock: two thereof to be selected by the
)ne from the press and counting rooms
The first Board Of Managers shall be com
Rpsed no OF ,hf asnL named George
,; Harris and stephen D. Pool. Jr.. who shall
iuly elected and installed.
On the first Monday Of September OF each \
'eear. ten days previous notice thereof being =
hall be held BY the stockholders at the office OF
iteoG company. Each stockhoder shall be en-
he hands of another stakeholder, to one vote 1
q s each h share Of the capital stock held him
neet1ng. elect one OF their number as president
i the company, and they shall have the power .
tbe al srch ~ rules and
ANY as they may deem proper, and to alter
M amend the same whenever they may con- ,
The Board of Managers shall furthermore
ave the power TO dismiss from the ASSOC
t \ i1oI any member against whom charges &
! ou.y deroeatory TO the principle of co-opera- a
ION 10, OF the association, which may have been
member OF the association, and Sustained tn The v
atls1actlon OF two-thirds of the whole Board Of E
i Lana after ballot In due form taken The
isp9sed OF In the same manner as is herein !,
dd Tor the transfer Of all stock OF the a
ARTICLE vi. ;.
No stockholder of this company shall ever be
81 Donhible beyond the amount Of any unpaid
wneG h que s, 70 the company on the shares
agility 81 this corporation nor shall any mere
li9}rmaIity IN organizing have the effect Of rem.
odeFF abfv OF Of
npalo balance due upon his stock. N
ARTICLE VII.
This This act OF incorporation may be modified.
t ~ amended or dissolved with the assent
thfee. fourths OF the whole stock. at general
med for that purpose. after ten DAYS pnbIic
otlce published In one OF the papers Of this civ
ARTICLE VIII.
AT TIE termination Of the present charter, or b
lall be liquidated. its debts paid and anv az
ts remaining divided among the stockhoidsrs
y proportion to the amount of paid up STOCK
sld by EACH. The liquidation to be- made bv | -
70 commissioners to be appointed for that
1rpose by the Board of Managers Ali neces.
Iy powers snail be conferred upon them. and
eir com pensation as we'll as the period al
wed Tor liquidation. shall be fixed in such
amer as the stockholders may decide in Ear -
al meeting convened. -A ~0n
mus done and passed In my office at New Or.
ans tne DAY. month ana year first above writ
2; IN the presence Of Henry H. Baker and
ilie hozier competent witnesses residing in I
ID Guy. VINO sign these presents with the an II
y ana me. said notary. after reading Of
Original signed.
GEORGE W. DUpRE.
Per pro ALBERT G. JANIN
GEORGE ". DUPRE,