The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-28

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
when so issued, shall be full paid and
worcestershire.
No stakeholder shall have the right to
sell or dispose of his stock without n mrs
which shall have thirty days In which TO
decide on the purchase of same, and after
which time the stock may be offered Tor
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
its corporate name, make and use cor
pOrate seal, the same TO change or alter
a pleasure, hold receive, lease, hire, pur-
chase. sell, and convey, as we'll 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 /;
make and establish such bylaws, rules
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 he vested in and exercised
by board of three directors composed
of stockholders, majority OF whom
shall constitute quorum for the trans.
action OF all business. The first board
of directors of this corporation shall con-
sist of George L. Cairo, Henry l.. Wagner
and Frank ]. ThibOdaux: with the said Geo.
L: Caire as president, Henry T. Wagner as
yice-president and Frank J. Thibodaux as
cretary-treasurer, 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
icers 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 10 his or her last known residence
or place of business. and the directors
then elected shall Immediately take their
seats and hold office until their successors
shall have been duly elected and qualified
All elections shall be by ballot and a
each share of stock shall be entitled TO one
vote. either In person or by proxy, at all
meetings of the stockholders All vacan-
cies occurring in said board from any
rectOrs.
The officers Of this corporal ton shall con-
sist of a president, vice-president secretary
treasurer who shall be elected BY and hold
office during the term OF the board of di-
rectors This corporation shall commence
business and become going concern at
once.
ARTICLE VI
This act of incorporation NAV be
changed, modified or altered, or this cor
poration may be dissolved with the assent
OF three-fourths of the capital stock
present or represented at a general meet
ing of the stockholders convened for that
purpose after thirty days prior notice shall
have been given by publication in one of
the daily newspapers published In the city
of New Orleans. five times during said
thirty days.
ARTICLE VII.
Whenever this corporation is dissolved.
either by limitation of its charter or from
any other cause, its affairs shall be liquid
ated by two commissioners elected from
among the stockholders at a general meet
ing of the stockholders convened for that
purpose, after thirty days prior notice
of said meeting shall have been given by
publication in one Of the daily newspapers
published In the city of New Orleans, five
times during the said thirty days. Said
commissioners shall remain In office until
the affairs of said corporation shall have
been fully liquidated. In case Of the death
of either of said commissioners, the sur
vivor shall continue to act.
ARTICLE VIII.
No stakeholder Of this corporation shall
ever be held liable or responsible for the
contracts or faults thereof in any further
sum than the upnaid balance due to the
corporation on the shares owned by him.
nor shall any mere informality in or
ganization have the effect Of rendering this
charter null nor of exposing a stakeholder
to any liability beyond the amount of his
stock.
Thus done and passed in by notarial OF.
nee at New Orleans aforesaid, in the pres
ence Of William A. Wenck and Jessie f.
Frederick competent witnesses of lawful
age and residing in this city, who here
unto subscribe their names together with
said parties and me, notary, on the day and
date set forth in the caption hereof.
Original Signed Henry Z. Wagner. AZ
shares, S24O000; George L. Cairo, 4SI
shares, 100000; F. ]. Thibodaux. 4 shares
10000 III. L. Mclean, shares. 500 90
w. A Wenck, J. L. Frederick
WIN. RENAUDIN, Notary Public.
L, the undersigned recorder of mort
cages, In and for the parish of Orleans
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of the
Guarantee Electric Company. Limited"
in book -, folio
(sIgned EMILE LEONARD, ID. r.
certify the foregoing and within to be
true and correct copy of the original
act OF Incorporation of the Guarantee Elec-
trlc company, Limited, together with the
certificate of the recorder of mortgages
thereunto appended. on file and of rec
ord in my office. In faith whereof. | here
unto set my hand and seal this 26th day
of September, A. ID. 1911.
tSigned) VIM. RENAUDIN,
tSEAL) Notary Public
Sept. % Oct ), Il, 10, 20 and Nov. .. 1911
NH