The herald. [volume] (New Orleans, La.) 1905-1953, 1912-03-28
TIL d Herald
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ARTICLE l.

pOrate name IL shall have succession ana
enjoy existence for a period of ninety nine
years, unless sooner dissolved, in the man
ner provided by law, and the articles or this
charter; and, under said corporate name,
Ii shall have power and authority 10 con-
tract, sue and be sued, to make and use
corporate seal, the same to alter or break
at pleasure; TO make all necessary rules
and regulations for its corporate manage
ment and control, and shall have and en-
JOY all the rights, privileges and immual-
ties which are now conferred upon or may
hereafter be granted to. corporations or the
same kind and character.
ARTICLE II.
The domicile OF this corporation shall be
in the City OF New Orleans, State Of Lou
isiana, and all citations and other legal
processes shall be served upon the presi-
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
the business to be carried on by II are here
by declared to be to construct or to acquire
by purchase or otherwise and TO operate In
the State OF Louisiana or elsewhere cleo
trlc light and power plants and to install
ana equip systems for the transmission of
electricity Tor lighting, power or other pur
poses; to construct or TO acquire by pur-
chase or otherwise and TO operate in the
State Of Louisiana or elsewhere drainage
sewerage, irrigation and water systems to
construct or TO acquire by purchase or 9th
erwise and TO operate in the State of Lou
lslana ana elsewhere gas and all oil MAINS
pipes and other appliances for the trans
mission or gas and oil for the purpose OF
| llght, power and fuel, and, generally TO do
and perform and engage in any business in
cldental to or germane TO the objects and
purposes above expressed.
ARTICrP "
The capital stock of this corporation shall
be hve thousand dollars $4,000, divided
into fifty shares OF the par value OF one
hundred dollars each: the said stock shall
ne Issued only for cash. or In payment Of
property or for services actually received
by or rendered to said corporation. This
corporation shall commence business and
become going concern as soon as three
thousand dollars $4,000 OF its capital
stock shall have been subscribed and pa id
Tor The residue of said stock shall be IS
sued and 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 its issuance, and. thereafter, non
assessable, and the capital stock may be
increased or decreased in the manner pro
vided by the laws OF this state
The parties to this act hereby declare
that they seyeraly subscribe for the num-
Der OF shares of said capital stock, set OPP
posite their respective signatures hereto, so
that this act OF Incorporation shall serve as
an original subscription.
ARTICLE V.
All the powers Of this corporation shall
I've vested in and be exercised by a board OF
not less than five, nor more than seven di
rectors, 10 be elected each year by the stock
holders at the annual meeting. The said
directors shall be bona fide stockholders and
the first board shall consist OF Guy S
Crockett, who shall be president-treasure !:
-n.a SfFraT,a Il,
dent; Louis +. Beauvais, who shall be sec
rotary: Fred A. LOranger. Allan Worries
On the third Monday in March, 1913. and
on the same day Of each succeeding year.
except when such day shall fall on a legal
holiday. then. upon the next following lay
day, the stockholders shall elect a Board OF
directors for the ensuing year. the board al.
ready Installed to continue to hold over
fed.
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
eiectlnC directors, or for any other pur-
pose. each share of stock. whether present
or by proxy, shall be entitled TO one vote.
and majority OF the votes cast shall be
required 10 pass any resolution or decide
any question submitted to the stockholders
except for the alteration or amendment of
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 ill
any vacancy occurring in their number A
majority of the directors voting at any one
time, in person or by proxy, shall be re
quired TO pass any resolution or adopt any
bylaw and which, when so adopted, shall
become valid corporate acts.
ARTICLE VI
Notice OF all meetings OF stockholders
for electing directors, or for any other pur-
pose, except as hereinafter directed, shall
be given in writing by the secretary TO he
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, I'M
less said notice Is waived in writing by all
the stockholders appearing as such upon
the books.
ARTICLE VII.
This act OF Incorporation may be modi-
ned, added 10, changed or amended or this
corporation may be dissolved by and with
the assent OF the holders Of three-fourths
IN amount or the then outstanding stock
given 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
this charter; and such changes as may be
made, In reference 10 an increase or de-
crease OF the capital stock, shall be pre-
coded 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 char
tr, or otherwise, its affairs shall be liqui-
dated by three commissioners to be an
pointed and elected at a special meeting.
called for that purpose, as above provided,
ana VINO shall remain In Office until the az
falrs or said corporation shall be fully H.
quldated; and In case Of the death Of one
or more Of said liquidators, the survivors
or survivor shall continoe to act.
ARTICLE VIII.
No stockholders shall be held liable or
responsible for the contracts or faults OF
THIS corporation, In any further sum than
the unpaid balance due to the corporation.
on the shares owned by him, nor shall any
mere informality in organization have the
enect OF rendering this charter null, or OF
exposing stakeholder to liability beyond
the amount of his unpaid stock, IL aLy.
Thus done and passed, at my office, in the
CITY OF New Orleans, on the day, month and
year hrst hereinbefOre written in the pres
enee OF William A. Dixon and f. Eisler. com
petent witnesses, who hereunto sign their
names, together with said appearers and
me, notary, after due reading OF the whole.
original signed: Guy s. Crockett, eleven
shares; L. f. Beauvais, eight shares: Mar
got Buryant, one share; Gustave Kopp, one
snare; Gilbert Edge, one share Ii. NJ. Nc
MINI, one share Geo. A.. Simms. seven
shares.