The herald., 1912-07-11

hereinabove set forth. or contemplated by
this charter, and to 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 a going concern when
fifteen thousand dollars is subscribed to and
paid for.
No stakeholder shall ever be liable or re
sponsible for the Indebtedness, or faults, or
defaults Of this corporation, nor shall any
mere informally 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,
IL 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.
| said stock Is offered for sale, and should
the board of directors fail 10 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.
This corporation shall have all the pow
|
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 busl
mes. as its interests and conveniences may
| require.
The business of said corporation shall be
| directed by and vested in board OF dlrec
| tors composed of five stockholders, major
| ity of whom shall constitute a quorum foI
the transaction Of all business, and the SAID
directors as first constituted shall be A. J
Mccoy, n. V. Mccoy, c. W. Mccoy, j;
Mccoy and J. F. Mccoy and they shall h0lC
office until the second Tuesday OF July
1912, and on that day and from each anC
every day thereafter elections shall be hello
annually for directors at the principal once
Of the corporation. Failure to hold an cleo
ton on the day specified shall not dissolv,
the corporation, but the directors In once
shall hold their respective offices until al
election shall be held after ten days notice
Of the time and place thereof given to eacl
stockholder All vacancies on the board o.
directors for whatever cause shall be hllet
by the remaining directors, and the boart
of directors as first constitute shall eject ~
principal officers, and each succeeding oOar'
Of directors thereafter shall elect It's prln
cipal officers for the term of their election
ARTICLE VII.
All citations and other legal process shal
be served on the president, and in his alb
sence on the secretary. All contracts shal
be signed by the president; and no paymen
OF any claims shall be made except on tn
check signed by the secretary and the treas
urer.
This act Of Incorporation may be amended
altered or modified, or this corporation as as
| Nv NJ three fOurtlS
shares OF the total amount OF stock at
meeting convened for that purpose after tel
days notice in writing mailed to the addres
| OF each stakeholder, and at least one auVei
tisement in one OF the daily newspapers o
the City Of New Orleans.
At the expiration of this charter, or a
soon as 1t is dissolved, the affairs or TIL
corporation shall be liquidated by the boar
OF directors, who are hereby vested with III
power to sell any and all assets or the COZ
poration, and TO convey full and complet
title thereto, and shall have full power {
do and perform all acts necessary and prope
to fully and completely liquidate the anaiI
and distribute the proceeds, II any, anon
the stockholders Of the said corporation |
the amount of stock held by each.
Thus done and passed, In my notarlal o
fee in the city of New Orleans, state
Louisiana, on the day, month and year mr.
above written, in the presence OF W. Cateso
Jones and Gustave Lemle, competent WI
nesses, who have hereunto signed these pre-
ents. together with the parties hereto an
me. notary, after reading OF the whole.
Original signed: A. J. Mccoy, 73 shares
". V. Mccoy, 73 shares c. Ward Mccoy
share; ]. C. Lawler, / share; John A. ID
Coy, 1 share; John 7: Mccoy. 1 share;
authorize my wife, c. Ward.-John
Mccoy.
witnesses: W. Catesby Jones, Gustav
A. A. MORENO, Notary Publ
/. the undersigned recorder of mortgage
in and for the parish OF Orleans, state
Louisiana, do hereby certify the above an
Company, Incorporated, was this day r
\ corded In nv offices In book 1855, folio =
VII New Orleans, La, June ~, 19l2
NI EMILE LEONARD,
vi Deputy Recorder.
" certify that the above and foregoing
a true and correct copy Of the original cha
v ter now on file in my office.
A. A. MORENO, Notary Publ
Il June 20 q july IL Is %