The herald. [volume] (New Orleans, La.) 1905-1953, 1913-06-05

CHARTER OF ID. G. BUTTS SPECIALITY
COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF OR,
LEANS.
Be 1t known, that on this fourteenth day
of May, in the year Of our Lord one thou.
SAND nine hundred and thirteen, before me,
Scott II. Beer, notary public in and for
the parish of Orleans, state OF Louisiana
duly commissioned, sworn, and qualified, and
| in the presence of the witnesses hereinafter
named and undersigned personally came and
appeared the several persons whose names
are hereuntO subscribed, all OF the age OF
ma jority, who declared that, availing them
selves of the provisions of the laws of this
state relative TO the organization Of cOrpO-
| rations, they hereby form themselves into
and constitute a corporation for the objects
and purposes, and under the stipulations
! hereinafter set forth
ARTICLE 1.-The name and title of this
| corporation shall be d. q. BUTTS SPECIAL
ITl COMPANY, and by that name 1t shall
| enjoy succession for the term of 90 years
! from the date hereof, unless sooner dissolv-
ed. 1t shall have power TO sue and be sued
to borrow money, hold, purchase, lease, sell
and hypothecate real and personal property
| 10 make and use a corporate seal to name
and appoint directors managers and agents
and TO establish such bylaws, rules and reg
ulations for the management of the business
and affairs OF said corporation as NAV be
necessary. the same TO alter at pleasure
also 10 make and issue bonds and other pyi.
dence or debt, and TO secure same by mort
gage or otherwise.
ARTICLE 1.-THE domicile Of this cor.
| poration shall be in the city OF New Or
| leans and all citations or other legal pro
cess shall be served on the president or, in
his absence. on the vice-president
ARTICLE lll.-The objects and purposes
OF this corporation are 10 acquire by pur-
chase or otherwise United States and foreign
| letters patent for any and all kinds Of no
velties: To manufacture, use and sell such
novelties made under said patents, and to
grant licenses to manufacture and sell under
any such patents owned or controlled by
| TINS company. To experiment upon and test
the value or validity OF any patent right
the company may acquire or proposes to
| acquire, and generally to do whatever Is
necessary and incident to the character OF
the business 10 be conducted by this corpo
ration.
| ARTICLE Iv.-(a) The capital stock OF
this corporation shall be twenty thousand
dollars (S20.OO0l, TO be divided into two
hundred shares (200) OF the par value OF
one hundred dollars (s1O0) per share. One
hundred shares shall be preferred. and the
other hundred shares shall be common stock
The corporation shall be a going concern as
soon as one hundred shares of the stock
common or preferred, shall have been sub
OBJ All stock shall be paid for in cash OIL
| its equivalent
(c) The holders Of preferred stock shall
u
per cent per annum payable out OF any anC
an surplus or net profits, at such times a!
the directors may fix.
-, I'D After the dividend provided for IL
the preceding paragraph Is fully paid
dividend of not more than six per cent PEI
annum shall be paid on the common stock.
(e) When the dividend provided for fl
the preceding paragraph Is paid, all othel
preferred and common stock.
| (f) No stock shall be transferred excep
upon the books of the company, and n
stakeholder shall be liable for any contrac
or faults of this corporation, in any furtheI
sum than the unpaid balance on his respect
i've shares
ARTICLE v-(a) All the powers of thi
corporation shall be vested in a board Of di
rectors composed of three directors, two O
whom shall constitute a quorum for tn,
transaction of business They shall cleo
from their number president, vice-presi
dent and secretary-treasurer.
| OBJ The first board of directors shall con
sist OF ID: G. Butts, ]. d. Tschopik and c
Edmund Kells, with d. G. Butts as presi
dent and manager, c. Edmund Kells as vice
lpresident, and j. ID. Tschopik as secretary
trea surer.
(c) They shall hold their office until tn
second Monday In January, 1915, or unit
their successors have been elected. An,
failure to hold an annual meeting shall no
cause forfeiture Of this act of incorpOra
ton, and any vacancy in the board OF direc
tors, from any cause, shall be filled by tn
Id The board of directors shall appoin
such agents and managers as the bushes
may require; fix their compensation and dis
charge them at pleasure 1t shall adopt sucl
| bylaws and rules for the conduct of tn
i business OF the corporation as 1t may seen
meet; it shall fix the time and place of al
meetings of the stockholders and Of tn
board, except as herein otherwise provided
and shall determine the manner in which al
notices shall be given, Of any and all meet
ings
ARTICLE vI-On the second Monday 4
every January, beginning with Januar
1913, there shall be held meeting of stock
holders to elect directors for the ensuin
year, which meeting shall be called afte
thirty days notice, said notice to be depos
N 6ne a Ia and
last known address. At said meeting sal
directors shall be elected by ballot, and
majority OF the votes cast shall be necessra
to elect, and each share of stock shall b
entitled to one vote, and the shareholde
shall vote In person or by written proxy
Only shareholders shall be eligible as d.
rectors
ARTICLE vII.-This act Of incorporation
may be modified, changed or amended. O
said corporation may be dissolved by a vot
OF three fourths of the stock represented a
a general meeting held for that purpose al
ter due notice shall have been given by pub
LEGATION for thirty days In one Of the news
papers published In New Orleans, and 4
case OF dissolution, two commissioners shal
wind up and settle the affairs Of this corpc
ration, and In the event Of a disagreement
between them, they shall select an umpir,
whose decision shall be final.
At the termination of this act Of incol
poration the business and the affairs of thi
corporation shall be likewise wound up an
settled by two commissioners elected by tn
stockholders at a meeting called for tina
purpose, after thirty days notice as above
The names Of the subscribers hereto an
the amounts set opposite their respectiv
names shall serve as the original subscriI
ton list OF this corporation.
Thus done and passed In this city, In m
Office, on the day and date aforesaid In tn
presence Of Messrs. z. VI. Robert and +
Blanchard competent witnesses, of Lawful
age, residing In New Orleans, Louisiana
who hereunto sign their names togethe
with the said appearers and me, notary
after due reading of the whole.
(Signed) ]. ID. Tschopik, so shares con
mon stock, 20 shares preferred stock n. {
Butts, 90 shares common stock: c. Edmun