The herald., 1912-07-25

hereinabove set forth, or contemplated by
this charter, and to purchase and dispose OF
patents and patent rights.
The capital stock of this corporation shall
be twenty thousand dollars divided into
two hundred shares Of the par value Of one
hundred dollars per share, payable when
issued In cash. or other property, or for ser
vices rendered, or actually performed as de.
cided by the board OF directors, and thi.
corporation Is to be a going concern when
hfteen thousand dollars is subscribed to and
paid for.
| No stakeholder shall ever be liable or re
| sponsible for the Indebtedness, or faults, OF
mere informality In the organization of the
| corporation have the effect of rendering the
charter null or Of exposing the stockholders
| 10 any liability beyond the unpaid balance,
| II any, ON his stock subscription.
ARTICLE ".
Before any stock can be transferred, II
must be first offered in writing TO the board
of directors Of the company. who shall have
the option OF purchasing Same at the low
est market price prevailing at the time the
said stock is offered for sale, and should
the board Of directors fail to make the pur-
| chase of said stock within twenty days from
| the time II is offered, the holder or owner
Of said stock may dispose of it In the open
market.
ARTICLE v.
This corporation shall have all the pow
ers granted TO such corporations by law,
and shall have the power to contract, sue
and be sued In its corporate name, and TO
| own, hold, receive, loan, lease, purchase,
sell and convey or mortgage any Of or all OF
its effects, or hypothecate, issue and deal
| in stocks, bonds, mortgages, patent rights
and other securities and property both real
and personal, and TO do any and all other
acts or things of any other kind, nature and
description, as may be necessary to carry
out the objects and purposes of said busi-
ness as its interests and conveniences may
| require.
ARTICLE VI.
| The business OF said corporation shall be
| directed by and vested in a board OF direc-
| tors composed Of five stockholders, ma Jor-
| ity OF whom shPil constitute a quorum for
! the transaction Of all business and the said
| directors as first constituted shall be A. J.
Mccoy and ]. f. Mccoy and they shall hold
Office until the second Tuesday OF July,
1912, and on that day and from each and
every day thereafter elections shall be held
annually for directors at the principal office
| Of the corporation. Failure to hold an cleo
| ton on the day specified shall not dissolve
the corporation, but the directors In ONCE
shall hold their respective offices until an
election shall be held after ten days notice
| of the time and place thereof given to each
stockholder. All vacancies on the board OF
directors for whatever cause shall be filled
| by the remaining directors, and the board
of directors as first constitute shall elect Its
principal officers, and each succeeding board
OF directors thereafter shall elect its prin-
| ciPal officers for the term or their election.
ARTICLE VII
All citations and other legal process shall
be served on the president, and in his alb
sence on the secretary. All contracts shall
be signed by the president and no payment
OF any claims shall be made except on the
check signed by the secretary and the treas
urer.
ARTICLE VIII.
This act Of incorporation may be amended,
altered or modified, or this corporation dis
solved by a vote OF three-fourths of the
shares OF the total amount of stock at q
meeting convened for that purpose after ten
days notice in writing mailed to the address
Of each stakeholder, and at least one sdver-
tisement in one OF the daily newspapers OF
the City of New Orleans
ARTICLE TX.
At the expiration OF this charter, or as
soon as II Is dissolved, the affairs of this
corporation shall be liquidated by the board
Of directors, who are hereby vested with full
power TO sell any and all assets OF the cor
poration, and to convey full and complete
title thereto and shall have full power 10
do and perform all acts necessary and proper
TO fully and completely lquidate the analrs
AMI distribute the proceeds, II any, among
the stockholders OF the said corporation to
the amount of stock held by each.
Thus done and passed, in my notarial OF.
fee In the city OF New Orleans, State or
louisiana on the day, month and year first
above written, in the presence OF w: Catesoy
Jones and Gustave Lemle, competent wit
nesses, who have hereunto signed these pres,
ents, together Win tue pa ueS nelIt' o
me, notary after reading of the whole.
Original signed: A. J. Mccoy, % shares /;
". V. Mccoy, 73 shares c. Ward Mccoy. i
share ]. c. Lawler, share; John A. NC
Coy, 1 share John f. Mccoy, share.
/ authorize my wife, c. Ward--John i.
Mccoy.
witnesses: W. Catesby Jones, Gustave
A. A. MORENO, Notary Public.
l. the undersigned recorder Of mortgages
in and for the parish of Orleans, state OF
Louisiana, do hereby certify the above and
foregoing act of Incorporation of the Mccoy
Company, Incorporated, was this day re-
corded In nv offices in book 1855, folio =.
New Orleans, La, June 10, 1912.
EMILE LEONARD,
Deputy Recorder.
I certify that the above and foregoing IL
true and correct copy OF the original char
ter now on file in my office.
A. A. MORENO, Notary Public.
tune 20 81 July IL IS %