The herald. [volume] (New Orleans, La.) 1905-1953, 1913-04-17

succession Tor the full term or ninety nine
years from the date hereof; to contract sue
and be sued; to make and use a corporate
seal 10 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 10
change and alter at pleasure.
ARTICLE ii.
The dOmiCle OF said corporation shall be
in the city of New Orleans state of Loulsi-
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 yiCepresidont, and. in
case of the absence of both of these officers
upon the secretary thereof.
ARrICLE III.
The objects and 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 ami
Kind whatsoever used where electricity
steam or other motive power Is employed :;
Ia do a 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 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 10
receive goods on consignment and dispose
Of same on commission or otherwise
ARTICLE ".
The capital stock of this corporation shall
be- fifty thousand (SJOUOOD dollars, divided
into hive hundred shares of the par value
Of one hundred dollars per share, payable
when issued in cash. or other property, or
for services rendered or actually performed
as decided by the board of directors. ami
this corporation is to De going concern
when fifteen thousand dollars of said stock
has been subscribed and paid for. Each
share of stock shall be entitled TO one vOJe
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 offar 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
purchase the stock offered for sale, sucn
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 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 It's interests and cOnven-
fences may require.
ARTICLE VII
The business OF said corporation shall
be directed by and vested in a board of di-
rectOrs composed OF five stockholders a 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 Wednesda
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
10 hold an election on the day specified shall
not dissolve the corporation, but the direc.
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.
ton 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 by
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 fol
| whatever cause shall be filled by the remain
ing directors. Edward Jumonville shall bt
| the first president. Leo L. Hirsch shall bt
the first vice-president, Mr.. Theo. Hirsci
| 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, 1917, and eacn succeeding board
of directors thereafter shall elect its prin
| cipal officers for the term of their election
| and only stockholders shall be eligible fol-
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
or 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. IL any, among the
stockholders of the said corporation to the
| amount Of stock held by each
ARTICLE IX.
This act of Incorporation may be amend
ed, altered or modified, or this corpora ton
dissolved by vote of three-fourths of the
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
fee In the city of New Orleans state Of Lou
isiana, on the day, month and year first
above written. In the presence of W. Catesby
Jones and William s. Edwards, competent
witnesses, who have hereunto signed these
presents, together with the parties hereto
and me, notary, after reading of the
whole.
Signed: Edward Jumonville. 90 shares
Theo. Hlrsch, shares; Leo Hirsh, 81
shares: James Jumonville, 3 shares Lazard
Levy. shares.
| Witnesses W. Catesby Jones, VIM. S. Ed
wards.
A. A. MORENO, Notary Public
/, 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 1858, folio -
New Orleans, La. March %, 1913.
EMILE LEONARD, Deputy Recorder
l hereby certify the foregoing to be q
| true and correct copy Of the charter of the
Electrical Supply Company now on file II
A. A. MORENO, Notary Public.
| apr 3 10 II "a may s. 1913
AMENDED CHARTER