The herald., 1914-03-26
CHARTER
OF ALGlERS ELECTRIC WELDING COM.
HANA United


United States OF America. State OF Louisiana
Parish OF Orleans, City of New Orleans
lie II known, That on this 10th day OF
March, in the year one thousand nine hun.
bred and fourteen, before me. Robert F.
OC onnor. a notary public, duly commissioned
and qualified, in and for the parish of Or.
leans, State OF Louisiana, and in the pres.
ence of the witnesses hereinafter named and
| undersigned, personally came and appeared
the several persons whose names are here
unto subscribed, who each severally declare
! that avaIling themselves Of the provisions
| OF the laws of the State of Louisiana, rela-
tive to the organization of corporations, they
have COvenanted, agreed and do by these
presents mutually covenant and agree and
bind themselves, to and with each other, as
well as such other persons who may hereafter
become associated with them. to form and
constitute a corporation and body polite in
law, for the objects and purposes, and under
the agreements and stipulatiOns following,
viz:
Article l. The name and title of this cor
poration shall be Algiers Electric Welding
Company, Limited, and under its said cor
porate name shall have power and authority
to have and enjoy succession, tor the full
term of ninety nine 1927 years, from and after
the date hereof; to contract, sue and be sued;
to make and a corporate SEAL and the
same TO break or alter at pleasure; to hold,
receive, lease, purchase and convey, as well
as to mortgage and hypothecate property, real
personal and mixed, cOrporeal and incorpor-
cal; to name and appoint such officers, man
ayers, agents ana directors dS ltS business
interest and convenience may require; and
to make and establish, well as alter and
amend, from time TO time, such bylaws, rules
and regulations, for the proper government
of the affairs of the corporation, as may be
necessary and proper.
Article II. The domicile of this corpora
ton shall be in the City OF New Orleans,
Parish of Orleans, State of louisiana and
all citations or other legal process shall be
served the president of said corporation,
Or in the event OF his absence on the vice
president.
Article III The objects and purposes of
this corporation are declared TO be to con-
duct the business of welding; to do all kinds
of electric, oxy -acetylene, thermite, and all
other forms of welding; to manufacture and
repair boilers, tanks and similar work, and
to do and perform all general machine and
repair work OF every character and kind in
metals.
Article " The capital stock of the said
corporation is hereby fixed at ten thousand
dollars (SlO.OOOOO) divided into and repre-
scented by one hundred shares of the par
value of one hundred dollars $4,000 each
SAID stock or any part thereof may be is
sued for cash and in payment for the pur-
chase OF patents and patent rights, and for
property or machinery and materials actually
delivered, or services actually rendered to
this company. The board of directors as
hereinafter created is especially authorized to
dispose OF the stock Of this company in whole
Or IN part, for any and all of the purposes
above stated, as IN its judgment may seem
idlI ana proper Inns company shall begin
business as soon as FIVE thousand dollars
(SODOO of its stock shall have been SUBJ
scrlbed, and this charter shall be the orig
inal subscription list.
Article V. All the corporate powers of this
corporation shall be vested in, and exercised
by board of directors composed of FIVE (5)
who shall be elected annually
on the last Friday in February of each year.
beginning with the year 1914, a majority OF
said board shall constitute a quorum for the
of any and all business
AT all elections each stakeholder shall be
entitled to one vote for each share of stock
held by him., and majority of votes cast
shall elect. A failure TO elect directors at a
regular meeting shall not dissolve the cor
poration, but the directors then in office will
continue TO act until their successors are
elected and qualified. Notice of the time OF
holding any and all meetings shall be given
by the secretary to each stakeholder, such
notice to be sent by mail, 1--WE days before
such meeting. and directed to each stock
holder at his last known address. .
Immediately upon being elected the direc-
tors shall elect from among their own mum.
Der president, vice president and secre-
-ary-treasurer.
The said board shall also have full power
ind authority to borrow money through the
president or some other duly authorized agent
'r agents; 10 execute mortgages and Issue
notes, bonds other obligations and gen
rally to do all the things necessary for the |
proper carrying on of the business of the said
corporation; as also TO issue and deliver full |
'aid shares of stock and bonds and Other
'bhgations OF the said corporation in nav.
nent OF the money borrowed or money. Ia |
'or' services property or rights actually re- !