The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-10

anu be sued, 10 make ana Use 4 corporate
seal 10 purchase and receive, lease, hold,
sell and convey, well as mort gage and
hypOthecIic, property, real, personal and
mixed; to name and appoint such uth 'rr>
and agents the interest of said corpora
tiOn may require and to make and establish
such bylaws and regulations for the proper
management and regulation Of it, affairs AS
NAY be deemed necessary. and the same To
Change ami alter at pleasure.
ARTICLE II.
The dpmirile Of said corporation shall Ue
in the city Of New Orleans state Of LpuiSi-
ana and all citations and other legal pro
cess shall be served upon the president OF
said corporation, and in the case OF hi,
absence, upon the yice-presIdrnt and, in
case OF the absence OF both OF these officers,
upon the secretary thereof.
ARTICLE Ill
The objects ANA purpose for which this
corporation IS established and the nature
Of the business 10 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 general electrical and construct ION
Use, lease, mortgage, pledge or otherwise
acquire Or sell real or personal property /;
10 operate and construct electrical, steam
plants. or other plants. and generally 10 do
all acts and 10 enter into all contracts that
may be necessary, convenient or appropriate
in the accomplishment of the aforesaid pur-
poses: 10 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 (SjO,OODb dollars, divided
into live hundred shares Of the par value
Of one hundred dollars per share. payable
wheh issued IN cash, or other property, Or
for services rendered or actually performed
as decided by the board Of directors. and
this corporation is 10 be 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 '.
No stakeholder shall ever be liable Or
responsible for the Indebtedness. faults or
defaults Of this corporation, nor shall any
mere tnfOrmaity 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.
This corporation shall have all bowers
| 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-
ARTICLE VII.
The business OF said corporation shall
| be directed by and vested in board Of Iii
| rectOrs composed Of five stockholders ma
| jOrity of whom shall constitute a quorum
| for the transaction OF all business and the
| said directors as first constituted shall be
| Edward JumOnyille, 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 al 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
| flee until an election shall be held after
ten days notice OF the time and place thereof
i given 10 each stakeholder. The annual cleo
| tiOn shall be held on the last Wednesday Of
March, 1914, and thereafter on the las
i Wednesday of March and each succeedin.
year. and the directors shall be chosen by
ballot, and the election shall be held be
tween the hours of ten a. IN. and four y. m
All vacancies on the board OF directors TO
whatever cause shall be filled by the remain
, ing directors. Edward Jumonville shall b
the first president, Leo l.. Hirsch shall b.
the first yice-president, Mr.. Theo. Hirscl
shall be the first secretary and James Ju
knoxville shall be the first treasurer. an,
they shall hold office until the last MOnda!
of March, 1914, and each succeeding boar,
of directors thereafter shall elect its prin
and only stockholders shall be eligible 70
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 boar
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, ant
TO convey full and complete title thereto
and shall have full power to do and per
form all acts necessary and proper to full!
and completely liquidate the affairs AM
distribute the proceeds. II any, among tn
stockholders Of the said corporation TO tn
amount Of stock held by each
ARTICLE TX.
II This act of Incorporation may be amend
ed, altered or modified, or this corporation
dissolved by a vote of three-fourths Of tn
shares Of the total amount of stock at
| meeting convened FOR that purpose afte
ten days notice in writing mailed to tn
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 frs
above written, in the presence of W. Catesb
Jones and William s. Edwards, competen
witnesses, who have hereunto signed thes
presents, together with the parties heret
and me, notary, after a reading OF tn
whole.
/ Signed: Edward Jumonvile, 90 shares
TheO. Hirsch, ) shares; Leo Hirsh, q
shares: James Jumonville, shares LaZar
} Levy. ) shares.
Witnesses: W. Catesby Jones, VIM. s. Ed
. wards.
A. A. MORENO, Notary Public
I, the undersigned recorder of mortgage
in and for the parish of Orleans, state o
Louisiana, do hereby certify the above an
foregoing act of Incorporation of the EleC
trical Supply Company was this day dul
|; recorded in my Office In book 1OSS. folio =
II New Orleans. La, March %, 1913.
EMILE LEONARD, Deputy Recorder
: I hereby certify the foregoing TO De
true and correct copy OF the charter of tn
' Electrical Supply Company now on file |
A. A. MORENO, Notary Public.
. apr 3 10 II "a may 8, 1913
1 AMENDED CHARTER