The herald. [volume] (New Orleans, La.) 1905-1953, 1912-03-14

state Aforesaid therein residing, and in the
presence of the witnesses hereinafter named
and undersigned, personally came and APP
peared the several persons whose names are
hereuntO subscribed, who declared that
availing themselves Of the provisions of
the laws Of this state relative 10 the forma-
tiOn and OrganizatiO of corporations, they
have cOvenanted and agreed, and do by
these presents, covenant, agree and bind
themselves, as well as those who may here
after become associated with them, TO form
themselves into a corporation for the OBJ
1ectS and purposes with the name and
under the stipulatiOns following, tO-wit
ARTICLE l.
The name and style of this corporation
shall be "LGNNWOOD LIGHT POWER
anu WATER COMPANY" and, by said cor
pOrate name IL shall have succession and
enjoy existence for a period of ninety nine
years, unless sooner dissolved in the man
ner provided by law, and the articles of this
eharter; and, under said corporate name,
III snail nave power and authority to con
tract, sue and be sued, to make and use a
corporate seal, the same to alter or break
AT pleasure; TO make all necessary rules
ana regulations for its corporate manage
ment and control, and shall have and en-
JOY all the rights, privileges and immuni-
Ties which are now conferred upon or NAV
hereafter be granted to, corporations of the
same kind and character.
ARTICLE II.
The dOmicile of this corporation shall be
10 IN the Clty OF New Orleans, State of Lou
lSlana, and all citations and other legal
processes shall be served upon the prrsi-
dent, or, in his absence or inability TO act
upon any other officers of the corporation,
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature of
.ne business 10 be carried on by il are here.
Dy declared TO be to construct or TO acquire
by purchase or otherwise and to operate in
the STATE or Louisiana or elsewhere cleo
trlc light and power plants and to install
ana EQUIP systems for the transmission of
electricity for lighting. power or other pur
poses; to construct or 10 acquire by Dur
chase or otherwise and TO operate in the
state or Louisiana or elsewhere drainage
sewerage, irrigation and water systems to
construct or to acquire by purchase or 9th
erwlse and TO operate in the State of Lou
lslana and elsewhere gas and all oil mains.
pipes and other appliances for the trans.
mission or gas and oil for the purpose of
lght, power and fuel, and, generally 10 do
ana perform and engage in any business in
cIuehtal TO or germane 10 the objects and
purposes above expressed.
ARTICLE ".
The capital stock Of this corporation shall
be 1--WE thousand dollars (SJ OOOl divided
INTO ntty snares OF the par value of one
hundred dollars each; the said stock sha
he issued only for cash, or in payment of
property or for services actually received
Dy or rendered to said corporation. This
corporation shall commence business and
become a going concern as soon as three
thousand dollars (S3,0OO) of its capital
stock shall have been subscribed and Da ia
Tor The residue of said stock shall be is
sued ana payment made therefor, subject TO
the action and call of the board of direc-
tors. Said stock shall be fully paid at the
time OF It's issuance, and, thereafter. non
assessable, and the capital stock may be
IH IN or decreased in the manner pro-
Vlded by the laws of this state
The parties to this act hereby declare
that they severally subscribe for the num-
Der or shares of said capital stock. set on
poslte their respective signatures hereto, so
that TINS act OF Incorporation shall serve as
an original subscription.
ARTICLE V.
All the powers of this corporation shall
De vested In and be exercised by a board of
not less than five, nor more than seven di
rectors, TO be elected each year by the stock
holders at the annual meeting The said
directors snail be bona fide stockholders. and
Ine nrst board shall consist of: Guy s.
crockett, who shall be president-trea !:
George a. Simms. who shall be vice-rresi.
dent; Louis F: Beauvais, who shall be sec.
retary Fred A; Loranger, Allan Worries
III, a.,
on the same day of each succeeding year
except when such day shall fall on a legal
holiday, then, upon the next following Law
nay, the stockholders shall elect Board Of
directors Tor the ensuing year, the board al
ready Installed to continue to hold over
fed N f""''
The Board OF Directors so elected shall
select from their own number the officers
or the corporation, as above provided The
election of directors shall be by ballot and
the persons receiving the largest number
OF votes cast shall be declared elected. For
erecting directors, or for any other pur-
pose, each share of stock, whether present
or by proxy, shall be entitled TO one vote
and a majority OF the votes cast shall be
required to pass any resolution or decide
any question submitted to the stockholders.
except for the alteration or amendment of
this charter, or the dissolution of the cor
poration, as hereinafter provided
The said Board of Directors shall have
power and authority to make all necessary
rules and regulations for the management
operation and control of the business of the
corporation, as well as to make all neces-
sary rules and bylaws, with power to fill
any vacancy occurring In their number A
majority OF the directors voting at any one
time, In person or by proxy, shall be re-
CURED TO pass any resolution or adopt any
bylaw and which, when so adopted, shall
become valid corporate acts.
ahIICIE vi.
Notice Of all meetings of stockholders
Tor electing directors, or for any other pur-
pose, except as hereinafter directed shall
De given In writing by the secretary. to be
deposited in the mail, at least ten days be-
fore such meeting, directed to each stock
holder, at his last known address. appear
ing upon the books of the corporation, un-
less said notice is waived in writing by ali
the stockholders appearing as such upon
the books.
ARTICLE VII.
This act of Incorporation NAV be modi.
ned, added to, changed or amended. or this
corporation may be dissolved by and with
the assent of the holders of three fourthS
In amount of the then outstanding STOCK
gwen at a general meeting of the stock.
holders, to be convened after ten DAYS prior
NOTICE, 10 be given In one of the daily news.
papers published in the City of New Orleans
IN addition to the personal notice TO each
stockholder, as provided in Article vi of
TINS charter; and such changes as NAV he
ndue, IN reference to an increase or de-
crease OF the capital stock, shall be pre-
ceueu by such notices, delays and formali.
ties as required by law.
In the event of the dissolution of said
corporation, either by limitation of its cha r.
u, or otherwise, its affairs shall be lioui-
uated Dy three commissioners to be an
pointed and elected at a special meeting
called Tor that purpose, as above provided
ana VINO shall remain in Office until the af.
Ialrs OF said corporation shall be fully ii.
quidated; and, in case of the death OF one
or more OF said lfqudators, the survivors
or survivor shall continoe to act
ARTICLE VIII.