The herald. [volume] (New Orleans, La.) 1905-1953, 1912-01-11
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF
ORLEANS

Be 1t known. that on this second day OF
November, 1911, before me, William Andrew
Collins, notary public In and for the par.
ish of Orleans, state Of Louisiana, and in
the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the several persons whose
that, availing themselves OF the laws of this
state, they have agreed to form themselves
and their successors into body corporate
In law for the objects and purposes and IN.
ARTICLE I.
The name of this corporation shall be
THE JOHN REILLY HOE COMPANY, LIN.
TIED" 1t shall exist for ninety-nine years
unless sooner dissolved, and its domicie
shall be In New Orleans. 1t shall have,
possess and exercise all of the powers, priv
ileges and immunities conferred by law upon
corporations of this character All cita-
lions and other legal process shall be served
upon the president, or In his absence upon
the secretary
ARTICLE ii.
ton shall be to buy, manufacture, sell and
deal In all kinds Of farming tools and i'm.
PIGMENTS, and especially hoes to make In.
ventions and improvements of all kinds OF
patents therefor and to acquire patents from
others; to buy, acquire, sell and dispose OF
patent rights to acquire the patent rights
and other assets of the present corporation
known as John Reilly Hoe Company, Limit
ed and to do and perform any and all
things incidental or convenient to said bust
ness.
The capital stock Of this corporation Is
hereby fixed at forty-five thousand and
00-100 dollars, divided into four hundred
n nd
dollars each, which said stock shall be paid
for In cash or Its equivalent, and when Is
sued shall be issued fully paid and non-as-
sessable.. Three hundred and ninety Ave
shares of said stock, representing thirty-nine
thousand and five hundred and 00-100 dol
lars, shall be denominated common stock, y
and ffty-fve shares Of said stock. repre-.
senting Eve thousand five hundred and
O0-1O0 dollars shall be denominated ''pre.
ferred stock"
Said preferred stock shall have pref.
erence and priority. over the common
shall be entitled to an annual dividend from
the date OF its issuance Of eight per cent
upon the par value Of same, which dividend
preference to any dividend on the "com-
mon stock" In any year in which the
earnings Of the corporation justify divi-
dend exceeding eight per cent upon the en-
distributed to the shareholders proportional
to the amount Of their holdings Irrespective
of the class of stock held by each. In the
event of liquidation or of the disposal of the
said preferred stock shall be paid the par
value of the same together with the divi-
dends above provided before any payment
Is made on the common stock"
ARTICLE ".
The officers Of this corporation shall con-
sist Of a president, a vice president and
the board Of directors from among its mem.
bers. The board Of directors shall consist of
seven stockholders, four Of whom shall con.
stitute quorum for the transaction Of
vested In and exercised by said board. The
first officers and the first board Of directors
shall be as follows; William B. Reilly,
dent George T. Baker, secretary-treasurer,
and John B. Reilly, Jacob Aron, William B.
Burkenroad and Joseph E. Ransdell. They
shall sesys until ut, the .s second Tuesday IN
elected, and said board shall be elected an
nually on the second Tuesday In June In
each year or as soon thereafter as possible
az nSce of Which s be
to each stakeholder In writing mailed or de-
livered In person to his last known address.
Each share Of stock sua,. be entitled to one
or by proxy and a majority Of the stock
present or represented shall elect.
ARTICLE v.
This act of incorporation may be changed.
altered or amended, or the corporation may
be dissolved with the assent Of three-fourths
of the total stock at a special meeting call
ed for that purpose and after its objects
shall have been made known by thirty days
previous notice In writing, delivered or mall
ed to each stakeholder. Whenever this cor
poration Is dissolved its affairs shall be IL
quidated by two commissioners appointed
from the stockholders by the board OF direc-
tors.
ARTICLE vi.
No stakeholder shall ever be held liable
or responsible for the contracts or faults Of
this corporation, nor shall any mere infor-
mality In organization have the effect of
rendering this charter null or Of exposing a
stakeholder to any liability. No note or
other obligation shall be binding on this
company unless signed by the president and
countersigned by the secretary-treasurer and
then only for legitimate purposes Of the bus
mess.
Thus done and passed In my ONCE in the
city Of New Orleans on the day, month and
year first above written, in the presence OF
vi Dad nj Dat