The herald., 1912-08-29

ing out Of or incidental to, any Of the OBJ
Jects or purposes hereinabove set forth.
ARTICLE III.
The capital stock of this corporation is
hereby fixed at the sum of one hundred
thousand dollars ($1O0,O0O), divided into or
represented by two thousand shares (2,000),
Of the par value Of fifty dollars (s50.00)
each, which shares shall be paid for in cash
at such times and In such amounts as the
board of directors may determine; or the
said stock may be issued at not less than
par in payment Of property actually receiy-
ed or purchased by said corporation, or for
labor done or services rendered, or money
actually received Said company may COM
mence doing business as soon as three thou
sand dollars (s3,OO0.00l Of the capital stock
shall have been subscribed.
Certificates Of stock fully paid and non
assessable shall be issued to each subscriber
to the amount PRiTE Sy ni N therefor
All the corporate powers Of this corpora
ton shall be vested in and the business
hereof shall be managed by board of d.
rectors composed Of seven 90 stockholders,
a majority of whom shall form quorum to
transact business.
The following named persons shall consti.
tute the first board of directors, who shall
hold their Offices until the third Monday of
May In the year 1913, or until their success
sors shall have been elected and qualified,
| to-wit: W. X. NJ. Dukate, Peter Yurgensen,
L. v. Dantzler, Z. c. TonZmeire, u. J. Gay,
]. A. Bowling, J. c. Clover and +. r. Prin-
gle Of whom l.. N DantZler shall be presi-
dent; w. X VI. Dukate, vice-president; F.
f. Pringle, treasurer, and f. c. Tonzmelre,
secretary That said officers shall serve I'M
| til their successors shall have been elected:
On the third Monday of May, 1913, and
on the third Monday Of May In each year
| thereafter, an election of board OF directors
shall be held by ballot at the office OF the
corporation in the city of New Orleans,
Louisiana, between the hours of ten O'Clock
| a. m. and three o'clock p. M, or when SAID
election at least five (5) days previous no
| Shal1 no oil Y addressed
each stakeholder at his last known place oil
residence Of record on the books OF the COM
pany.
] entitled at all elections either in person or
by written proxy to vote one vote for each
and every share of stock which he may
hold.
Each board Of directors which may be
hereafter elected, as above provided, shall
elect from their own number president, a
yice-president, and a secretary and treas,
of directors shall be filed by the remaining
directors for the unexpired term.
| ARTICLE V.
| This act of Incorporation may be changed
! or altered or this corporation may De dls.
solved with the consent of threefourths OF
the stockholders present or represented at a
general meeting of stockholders convened
for that purpose, of which said meeting a!
least ten (l0) days written notice shall
have been given, by mail, addressed TO each
stockholder at his last known place OF resi-
dence.
No stakeholder of this corporation shall
ever be held liable for any OF the debts, con-
tracts, faults or obligations of this corpora,
| ton in any further sum than the unpalo
balance, IL any, due to the corporation on
tha shares of stock owned by them; nor
shall any informality of the organization OF
this company render this charter VOID; OF
expose any stakeholder to any LIABILITY
whatever beyond the amount of his stock
remaining due. Nor shall failure at any
| time to hold meetings, to elect officers or
directors, as herein provided for, work the
forfeiture of this charter, or dissolve tne
corporation, but the existing board OF direc-
tors shall remain in force until their success
sors be elected and qualify.
ARTICLE VII.
Whenever this corporation Is dlssoived,
either by limitation or from any otheI
cause, its affairs shall be liquidated by one
or more commissioners to be elected IRON
amongst the stockholders Of the corporation
at a general meeting OF the stoekhoiders
convened in accordance with Article Five
| and a majority of the stock represented ano
voting at said meeting shall be requisite 70
elect The majority of the stock represent.
| ed and voting at said meeting shall nave
| the right to fix and define the powers, duty
| and compensation Of said commissioners, anO
| the security, IL any, to be furnlshed IneIl
Said commissioner or commissioners sndl
remain in Office until the affairs Of the said
corporation shall have been fully liquidateo
and the assets distributed. In case or death
| resignation or inability TO act or one OF
more of the said commissioners, the survlv.
| ors shall continue to act with the same
power and shall be authorized TO continue
and complete the liquidation.
| ARTICLE VIII.
No sale of any of the stock Of this corpo-
ration shall be recognized until the same
shall have been transferred on the BOOKS OF
this corporation in the name OF the purchas,
err and in no case shall less than one full
share be transferred.
IN
Tho nersons whose names are hereunto
subscribed are hereby declared to be the In
corporators Of this corporation and nave
respectively written opposite their names
the amount Of stock subscribed by each one
of them.
Thus done and passed in my notarial OF,
fee in the city of New Orleans, parish oil
Orleans, state of Louisiana, In the presence
of Adrian NJ. Font and Fred {. Querens
Competent witnesses of lawful age, both re,
siding in the city Of New Orleans, state OF
louisiana, who have hereunto signed thell
names together with the said appearers and
me- notary, after due reading or the wnelet
on the day, month and year hereina0oVe
iOri-inal signed) ID. J. Gay, two shares
per E. c. Tonsmeire, attorney; Ia N Dantz
| Ter, two shares, per E. c. Tonsmeire, attor
ney ]. c. Clover, one share, per p. c. Tons
metre, attorney. Adrian NJ. Font Fred C.
Ouerens. PHILIP GENsLER, JR.,
Notary Public.
| I. the undersigned, recorder of mortgages
| in and for the parish Of Orleans, state OF
Iouisiapa. do hereby certify that the above
and foregoing act Of Incorporation OF the
| bowling Engine Company, Limited, was this
day duly recorded in my office in book 1000
New orleans. July 18th, 1912.
(Signed) EMILE LEONARD, d. R.
PHILIP GENsLER, JR.,
.tseaD Notary Pubic.