The herald., 1913-04-24

/ Stdl 10 purchase ana receive, lease, mold
| sell and convey, as well as mortgage aut
| hypothecate, property, real, personal anG
| mixed; 10 name and appoint suCn Cffi ars
| and agents as the interest Of said corpora
| ton may require and to make and estabIiS.
such bylaws and regulations for the proper
management and regulation Of its Affairs as
| may De deemed necessary, and the same %
change and alter al pleasure.
ARTICLE IL.
The dOmicile Of said corporation shall b,
! in the city Of New Orleans state of LOuisi-
ana and all citations and other legal pro-
cess shall be served upon The president OF
said corporation, and, in the case Of his
absence, upon the president, and, in
case of the absence of both OF these officers,
upon the secretary thereof.
ARTICLE III.
The objects and purpose for which this
corporation Is established and the nature
OF the business to be carried on By il are
declared 10 be- the purchase and sale OF
electrical appliances. tools, machines, sun
dries and objects Of whatever nature and
kind whatsoever used where electricity.
steam or other motive power is employed
10 do a general electrical and construction
business, and 10 these ends ~ purchase,
use, lease, mortgage, pledge or otherwise
acquire or sell real Or personal property
TO operate and construct electrical, steam
plants or other plants, and generally 10 30
all acts and to enter into all contracts that
may De niece -Sdry, convenient or apprOpTilt,
IN the accomplishment of the aforesaid pu~-
poses, To represent others, as agents or 9th
erWINe, IN the same or similar lines of bust
ness 10 act as manufacturers agents and 10
receive goods on consignment and DISPOSE
Of same on commission or otherwise.
ARTICLE ".
The capital stock OF this corporation shall
DE hity thousand tSJO,OOOD dollars, divided
into nye hundred shares Of the par value
OF one hundred dollars per share, payable
when issued in cash, or other property, or
Tor services rendered or actually performed
as decided by the board of directors, ANA
this corporation is 10 be a going concern
when fifteen thousand dollars Of said stock
has been subscribed and paid for Each
snare OF stock shall be entitled to one vote
at all general elections.
ARTICLE V.
No stakeholder shall ever be liable or
responsible for the Indebtedness, faults or
defaults OF this corporation, nor shall any
mere infOrmality in the organization of the
corporation have any effect OF renderin.
the charter null or Of exposing the stock
holders to any liability beyond the unpaid
balance, If any, on his stock subscription.
Should any stakeholder desire to sell his
stock he shall first offer the same TO the
stockholders Of the company through its
board of directors, and the stockholders who
desire 10 purchase shall have the right to
purchase the same, in proportion to theil
holdings of stock in the company. Should
said stockholders in seventy-twO hours after
notice having been given, fail or refuse 10
purchase the stock offered for sale. such
stock may be sold to any one.
No transfer Of stock shall be made or
held to be valid and binding unless made on
the books Of the company and unless made
in pursuance of the provisions of this char
ter
ARTICLE VI.
This corporation shall have all powers
granted 10 such corporations by law, 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 or all Of its effects,
or to hypOthecate its property, and to do
any and all acts or things Of any other kind
nature or description, as may be necessary
10 carry out the objects and purposes OF
said business as its interests and cOnyeu-
fences may require.
ARTICLE VII.
The business of said corporation shall
be directed by and vested in a board of d.
rectors composed of five stockholders, n ma
jOrity of whom shall constitute a quorum
for the transaction OF all business and the
said directors as first constituted shall be
Edward Jumonville, Leo l.. Hirsch, and they
shall hold office until the last Wednesday
in March, 1914, 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 election on the day specified shall
not dissolve the corporation, but the drec-
tors in office shall hold their respective Of
nee until an election shall be held after
ten days notice OF the time and place thereof
given TO each stakeholder. The annual cleo
tlon shall be held on the last Wednesday of
March, 1914, and thereafter on the last
Wednesday of March and each succeeding
year, and the directors shall be chosen nv
ballot, and the election shall be held be.
tween the hours of ten a. m. and four d. m
All vacancies on the board OF directors for
whatever cause shall be filled by the remain
ing directors. Edward Jumonyflle shall he
the first president Leo l.. Hlrsch shall be
the first vice-presldent. Mr.. Theo. Hirsch
shall be the first secretary and James Ju-
knoxville shall be the first treasurer, and
they shall hold Office until the last Monday
of March, 1914, and each succeeding board
of directors thereafter shall elect its prin-
clpal officers for the term Of their election,
and only stockholders shall be eligible for
election as member Of the board Of direc-
tors.
ARTICLE VIII.
Whenever this corporation is dissolved
either by Limitation, or for any other cause.
Its affairs 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, either separately or In a mass, and
TO convey full and complete title thereto,
and shall have full power to do and per-
form 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.
ARTICLE IN
This act OF Incorporation may be amend
ed, altered or modified, or this corporation
shares of the total amount of stock at a
meeting convened for that purpose after
ten days notice In writing mailed to the
address of each stakeholder.
Thus done and passed in my notarial Of
flee In the city of New Orleans, state of Lou
Isiana, on the day, month and year first
above written, In the presence of ". Catesby
Jones and William s. Edwards. competent
witnesses, who have hereunto signed these
presents, together with the parties hereto
and me, notary, after a reading of the
whole.
Signed: Edward Jumonville, 90 shares ::
Theo. Hirsch, shares: Leo Hirsh, %
shares James Jumonville, 8 shares Lazard
Levy, shares.
Witnesses: W. Catesby Jones, VIM. S. Ed
wards.
A. A MORENO. Notary Public
I, 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 Elec-
trical Supply Company was this day duly
recorded In my office In book 1883. folio -.
New Orleans, La, March %, 1913.
EMILE LEONARD, Deputy Recorder
hereby certify the foregoing TO be
true and correct copy of the charter of the
Electrical Supply Company now On file In
A. A. MORENO, Notary Public.
apr 10 II "A may s, 1913
AurNnpn CrIApTrn