The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-18


herelnabove 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
cided by the board of directors, and this
corporation Is to be 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 informality in the organization OF the
charter null or of exposing the stockholders
TO any liability beyond the unpaid balance,
If 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 purr
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 bust
ness as Its interests and conVeniences may
require.
The business OF said corporation shall be
directed by and vested In board OF drec-
tors composed OF five stockholders, major
the transaction OF all business, and the said
directors as first constituted shall be A. J..
Mccoy, n. V. Mccoy, c. W. Mccoy, j; A;
Mccoy and ]. +. 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 once
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 snail be nlled
by the remaining directors, and the board
of directors as first constitute shall elect ITS
principal officers, and each succeeding board
Of directors thereafter hall elect its prin-
cipal officers for the term OF their election.
ARTICLE VII.
All citations and other legal process snail
be served on the president, and in his alb,
sence on the secretary. All contracts snail
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.
This act OF incorpora ton may be amended,
altered or modified, or this corporation as
h., aS
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 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 ana eompie 70
| title thereto, and shall have full power TO
do and perform all acts necessary and proper
to fully and completely liquidate the adalrs
and distribute the proceeds; II any. anon
| the stockholders OF the said corporation 10
| 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 nrst
above written, in the presence OF w. CatesDy
Jones and Gustave Lemle, competent wilt
nesses, who have hereunto signed these pres,
ents, together with the parties hereto ana
me. notary, after reading OF the whole.
Original signed: A. ]. Mccoy, 70 shares
n. V. Mccoy, 10 shares c. Ward Mccoy i
share ]. C. Lawler, / share; John A. NC
| Coy, 1 share John +. Mccoy, share
/ authorize my wife, c. Ward.-John J.
witnesses: W. Catesby Jones, Gustsve
Leme. 49, n..,,,,
| 7 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 1853. folio =.
New Orleans, La, June 10, 1912:
| EMILE LEONARD,
| Deputy Recorder.
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 PUBIC
June 20 % july IL is 20