The herald., 1912-06-27

hereinabove set forth, or contemplated by
| this charter, and 10 purchase and dispose OF
patents and patent rights.
| ARTICLE ii.
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 this
corporation is to be going concern when
nfteen thousand dollars is subscribed to and
paid for.
ARTICLE III.
No stockholder shall ever be liable or re-
| sponsible for the Indebtedness, or faults, or
defaults Of this corporation, nor shall any
mere informality in the organization Of the
charter null or Of exposing the stockholders
| to any liability beyond the unpaid balance,
II any, on his stock subscription.
ARTICLE ".
Before any stock can be transferred, 1t
| 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 1t is offered, the holder or owner
of said stock may dispose of 1t In the open
| market.
| ARTICLE V.
This corporation shall have all the pow
eTs granted 10 Sucn corporations Dy law,
| and shall have the power to contract, sue
| and be sued In its corporate name, and 10
own, hold, receive, loan, lease, purchase,
| sell and convey or mortgage any Of or all OF
| Its effects, or hyp0thecate, 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 conyeniences 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, a majOr-
| ity of whom shall constitute a quorum for
| the transaction of all business, and the said
directors as first constituted shall be A. ].
Mccoy, n. V. Mccoy, g. w. Mccoy, ]. A.
Mccoy and J. 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 elec-
| ton on the day specified shall not dissolve
the corporation but the directors In office
| 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
! cipal officers for the term of their election.
| ARTICLE VII.
All citations and other legal process shall
be served on the president, and In his alb.
| 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-fogrths dso OF the
meeting convened for that purpose after ten
| days notice in writing mailed to the address
| of each stockhOlder, and at least one adver.
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 1t 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 TO
do and perform all acts necessary and proper
| to fully and completely liquidate the affairs
and 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 OF
Louisiana, on the day, month and year first
above written, in the presence Of W. catesby
Jones and Gustaye Lemle, competent wit
nesses who have hereunto signed these pres.
| ents. together with the parties hereto and
me, notary, after reading of the whole.
Original signed: A. J. Mccoy, 73 shares
n. " Mccoy, T3 shares c. Ward Mccoy.
share; ]. c. Lawler, 1 share; John A. Nc
Coy, / share John F. Mccoy, / share.
/ authorize my wife, c. Ward.-John f.
Mccoy.
Witnesses W. Catesby Jones, Gustave
Lemle.
A. A. MORENO, Notary Public.
/, 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 my offices In book 1855, folio =.
New Orleans, La, June 10, 1912.
EMILE LEONARD,
Deputy Recorder.
1 certify that the above and foregoing Is
a true and correct copy of the original char
| ter now on file in my office.
A. A. MORENO, Notary Public
| june 20 27 july IL 1S 25