The herald. [volume] (New Orleans, La.) 1905-1953, 1911-10-05

UUT VVStN
stipulations and agreements hereinafter set
forth and expressed, which they hereby
adopt as their charter, to-wit:
ARTICLE 1.
The name ana title of the corporation
here formed is declared to be the Guar
antee Electric Company Limited" Its
dOmicile shall be in the city Of New Or
leans, state of Louisiana, and il shall have
and enjoy succession by its corporate name
for period Of ninety-nine years from and
after the date hereof.
All citations and other legal process shall
be served upon the president, and in the
event of his absence or inability to acc
from any cause, the same shall be served
upon the yice-president.
ARTICLE II.
The objects and purposes for which this
corporation is organized and the nature
of the business to be carried on by IL are
hereby declared to be, TO manufacture, sell,
construct. and repair motors Of all kinds,
automobiles and other vehicles or crafts OF
any kind operated or propelled by electric
ity or other motive power. install electric
plants, wiring or other electrical works or
apparatus. own and operate an electrical
manufacturing and repair plant and gen.
orally do a general electric construction
and automobile repair business in all its
branches.
The capital stock Of this corporation IS
hereby fixed al the sum of Ten Thousand
Dollars (S10,000) divided into and repre-
sented by two hundred shares Of the par
value of fifty dollars (S500O) each, which
shall be paid for in cash, at such times
In such amounts, and in such manner
as the board OF directors may determine
or the same NAV be issued at not less
than par in full payment for property
actually received by or services actually
rendered to the corporation, such stock
NHha Shnn ha ftnlI nafd ND
non asSessable.
No stakeholder shall have the right to
sell or dispose of his stock without first
Offering same in writing to the corporation,
decide on the purchase Of same, and after
which time the stock may be offered for
sale in the public market.
Transfers Of stock will not be recognized
unless transferred on the books of the
company, by the owner or his duly auth
orized agent and attorney in fact
ARTICLE ".
This corporation shall have power and
authority to contract, sue and be sued in
porate seal, the same to change or alter
at pleasure, hold, receive, lease, hire, pur-
chase, sell, and convey, as well as mort
gage and hypOthecate property both real
and personal, TO borrow money, execute
notes, bonds or other evidence of indebted
ness name and appoint such managers, Of
ticers and agents as the business and con-
venience of the corporation may require ;
and regulations for the proper manage
ment and expedition of its affairs as may
be necessary and proper, and alter, amend
or change the same at pleasure.
ARTICLE V.
All the corporate powers of this cor
poration shall be vested In and exercised
nv pOmnASli
Of stockholders, majority OF whom
shall constitute a quorum for the trans
action Of all business. The first board
of directors of this corporation shall con-
sist of George p. Caire, Henry p. Wagner
and Frank J. Thibodaux, with the said Geo
p. Caire as president, Henry =. Wagner as
vice-president and Frank J.. Thibodaux as
| OBSERVATION-DISCLOSURES, all OF whom shall hold
Office until the second Monday in January,
1913, or until their successors shall have
| been duly elected and qualified.
On the second Monday in January. 1913
and annually thereafter, an election Of of
fcers shall be held at the office of the
corporation under the supervision of two
| commissioners appointed by the president
after ten days prior written notice shall
have been given by the secretary-treasurer
| to each stakeholder, to be sent by mail
| directed to his or her last known residence
| or place of business, and the director:
| then elected shall Immediately take theil
| seats and hold office until their successor:
| shall have been duly elected and qualified
| All elections shall be by ballot and
| majority of votes cast shall elect anC
| each share of stock shall be entitled to on,
vote, either in person or by proxy, at al
| meetings Of the stockholders. All yacan
| cies occurring in said board from any
cause shall be filed by the remaining di
| rectOrs.
| The officers of this corporation shall con
| sist Of a president, vice-president, secretary
! treasurer who shall be elected by and hOl,
office during the term of the board Of di
| rectors This corporation shall commence
business and become a going concern a
| once
| ARTICLE VI.
This act of Incorporation may b
| changed modified or altered. or this cor
poration may be dissolved with the assen