The herald., 1913-04-03
March IS, 1913.
CHATTER


OF THE ELECTRICAL SUPPLY COMPANY
UNITED STATES OF AMERICA, Stall.
OF LOUISIANA, CITY OF NEW OR
LEANS. PARISH OF ORLEANS.
BE it known, that on this 18th day of
the month of March, in the year of our
Lord one thousand nine hundred and thir
teen and of the independence of the United
States of America, the one hundred and
thirty-seventh, before me, Arthur A Mo
reno, notary public in and for the parish
of Orleans, state of Louisiana, duly COM
missiOned and qualified, and in the presence
OF the witnesses hereinafter nacmd and I'M
dersiSned, personally dn.e and appeared
the following persons wLOse names are here
unto subscribed, together with the amounts
of their respective subscriptions 10 the cap
ital stock of the corporation TO be formed,
who Seyerally declare that, availing them
selves of the provisions of the general laws
Of the state Of Louisiana relative TO the or
ganiZatiOn of corporations, they have cove
nanted and agreed and do by these presents
covenant and agree, and bind and obligate
themselves, as well as such other persons
as may hereafter become associated with
them, or their successors, TO form and con
stitute themselves into a corporation and
body polite in law, and for the objects and
purposes and under agreements and stipula-
tions following, to,wit:
ARTICLE ].
The name and title of this corporation
shall be the Electrical Supply Company, and
by that name said corporation shall have
power and authority TO have and enjoy
succession for the full term of ninety-nine
years from the date hereof to contract, sue
and be sued; TO make and use a corporate
seal TO purchase and receive, lease hold,
sell and convey, as well as mortgage and
hypothecate, property, real, personal and
mixed; TO name and appoint such officers
and agents as the interest of said corpora
tion may require and TO make and establish
such bylaws and regulations for the proper
management and regulation of its affairs as
may be deemed necessary, and the same 20
change and alter at pleasure.
ARTICLE ii.
The domicile of said corporation shall be
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 yice-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
corporal ion is established and the nature
of the business TO be carried on by it are
declared TO 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 :;
TO do general electrical and construction
business, and TO these ends to 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 TO do
all acts and TO enter into all contracts that
may be necessary, convenient or appropriate
in the accomplishment of the aforesaid pur-
poses TO represent others, as agents or 9th
erwise, in the same or similar lines of bust.
ness TO act as manufacturers agents and to
receive goods on consignment and dispose
of same on commission or otherwise.
ARTICLE ".
The capital stock of this corporation shall
be fifty thousand $50 0OO) dollars, divided
into five hundred shares of the par value
of one hundred dollars per share, payaL.e|
A. IN u sar
for services rendered or actually performed
as decided by the board Of directors, and
this corporation Is to be a going concern
when fifteen thousand dollars of said stock
has been subscribed and paid for. Each
share 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 rendering
the charter null or of exposing the stock
holders to any liability beyond the unpaid
balance, IL 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 to purchase shall have the right to
purchase the same in proportion to theiI
holdings of stock in the company. Should
said stockholders in seventy-two hours after
notice having been given, fail or refuse to
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.
sThis corporation shall have all powers
granted to 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
TO carry out the objects and purposes of
said business as its interests and conven-
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, ma
jOrity Of whom shall constitute quorum
for the transaction Of all business and the