The herald., 1914-04-09

Immediately upon being elected the direc-
tors shall elect from among their own num-
Der a president, vice president and secre-
tary-tTeaSurer.
The said board shall also have full power
and authority TO borrow money through the
president or some other duly authorized agent
or agents; to execute mortgages and issue
orally 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
pad shares of stock and bonds and other
Obligations OF the said corporation in pay
ment OF the money borrowed or money, la
| Dor, services, property or rights actually
Ceived by the said corporation, herein
before set forth
Vacancies in the board of directors shall
board
Until the next meeting to be held under
this charter or until their duly qualified
successors are elected and installed the board
OF directors shall be composed of Joseph A.
BIsso who, shall be, president; Augustus +.
Massey, who shall be vice president; Edgar
Berthlut. who shall be sccretary-trcasurer.
Article VI. The capital stock may be in
creased or diminished upon complying with
iorIualities imposed by law
Article VII. Whenever this corporation
shall be dissolved, either by limitation or
from any other cause, its affairs shall be
liquidated by a. committee OF three stock
holders appointed at a general meeting Of the
stockholders convened Tor that purpose and
said committee shall have full power 10 per
torn al acts necessary for the purpose OF
Article Viii No stakeholder of this cor
poration shall sell or dispose Of his stock
| without FIRST offering the same for sale in
writing to the other stockholders through its
board OF directors; any number of which
Stoc kholdcrs who desire to purchase said
! stock shall have the privilege Of buying it in
proportion to the shares owned by them al
the price bona hde offered therefor in Nrit-
ing by an outsider and submitted 10 the
board OF directors, and If no price is offered
by an outsider, then at the book value Of
said stock within thirty days from the date
Of such offer, the stockholders offering said
stock may dispose Of the same 10 any person
whatsoever.
Transfers Of stock shall not be recognized
unless such stock Is transferred on the books
Of the company by the owner or by his dlly
authorized agent
Article IX No stockholder Of this COR
pgratlon shall ever be held liable or rcspou-
SiJle Tor the contracts or faults OF this cor
por.tion in any further sum than the unpaid
balance due by him, If any, on the stock
subscribed for by him; nor shall auy mere
lntOrmalIty IN the organization have the e..
tcct oi rendering this charter null. or OF ex-
posing any stockholdcr to any liability be-
youd the unpaid balance, If any, due By him.
for stock subscribed for by him
Thus done and passed IN my Office in the
Iity OF New Orleans, aforesaid the day,
month and year first above written, iu the
presence Of l.. II. Burns and J. Lehman,
both witnesses Of lawful age and residing in
tins city, who sign hereto. together y th said
parties and me, the said notary, after due
reading Of the whole
Original gnedj: Joseph A Bisso. shares;
\. b. Massey, S shares; +. Bcrthaut .
shares.
l.. H. Burns, ] Lehman.
ROBERT +. O'CONNOR, Mo-. Pub
!, the undersigned. Recorder Of Mortgages,
IN and for the Parish Of Orleans, State Of
Of Louisiana, do hereby certify that the above
and foregoing charter OF the Algiers Electric
Welding Company, Limited, was this DAY
duly recorded in my office in Book ll9,
Folio -
New Orleans, March Z. 1914
lSigned. E. J. LEONARD, D. R.
I, the undersigned notary public, hereby
certify the above and foregoing 10 be a true
and correct copy of the charter Of the AlEiers
Electric Welding Company, Limited. and Of
the certificate Of the Recorder Of Mortgages
for this parish thereto attached, on file and
OF record IN my office.
New Orleans, March II, 1914
ROBT. f. O'CONNOR. Not. Pub.