The herald. [volume] (New Orleans, La.) 1905-1953, 1914-09-10

of thi, state
Article 1.-the do.nrcilc OF this corpora
tiuu shall be IN the city of New Orleans.
Louisiana. Citation Of all legal process, shall
hc made in pursuance Of the law, OF TIN, state
m such case, made ana provided.
Article lli.-lhc object, and purposes Tor
which TIN. corporation - organized and the
nature of the business {, he by II carried on
are set forth - follows. to-wit.
70 manufacture and sell electric current
and power and ice and to buy and sell all
supplies connected with the said business =,
as well To- do construction work covering
the electric business, and generally to do any
and all things and acts connected with the
slld businesses above named or Incidental or
related thereto
Article IN.-The capital stock of this cor
poratIou shall be ten thousand dollars tSl0,-
| DNun. To be represented 10y one hundred
shares Nupl of the par value of one hundred
dollars tSluul each: which said shares Of stock
shall he full paid and nOu-asseS> sable, and
shall be paid for in cash, property or labor.
actually done and received by this company,
all III accordance with the laws OF this state.
All transfers OF stock shall be made on the
books OF this company, subject to the rule,
and regulations TO be determined on by the
| board OF directors thereof. In accordance with
the law ri this state, recently effective, this
company shall be authorized to do business
as soon as fvc thousand dollars OF its cap
Ital stock has been subscribed for (which Is
fifty per cent of the authorized capital stock,
has been actually paid III IN cash or prop
erty. appraised To be worth said sum by the
board OF directors hereof.
Article N.-All the powers Of this corpora
ton shall be vested in board of directors
consisting OF three members, all OF whom
shall own at least one share OF stock IN this
company. unplcdgcd. The said board of direc-
tors shall be elected annually the second
Saturday Of January Of each year. except the
FIRST board of directors. which IS provided tor
in this charter. Notice OF the meeting 10
elect directors shall be delivered To the stock
holders personally or by dcpOSItIug ~ the
post ofhce, properly addressed to each stock
holder, at least fifteen days before the date
OF the said meeting. No other notice shall be
rqurcd. At the said meeting, each Sharehold-
er shall be entitled to one vote for each share
OF stock standing IN his name on the books
OF this company, and majority OF the votes
cast shall elect. Shareholders may vote by
written proxy, or by letter duly atteSted be
fore an officer qualified to administer oathS,
all as provided in the laws covering corpora
tiOnS, in this state. The board of directors
shall prescribe the rules covering the election
OF directors, at said meetings. The failure 10
hold such meeting shall not terminate this
corporation, but the officers then IN Office shall
| hold their office until their successors are
elected and qualified.
The first board Of directors Of this corpora
ton, with their respective office, and post
office addresses, "a follows: Edwin VI.
| kursheedt, SIS Whitney Bank Bldg, New
Orleans, La, secretary and treasurer; James
IL. Black. "S ItCnnen Bldg, New Orleans,
La, vice president; Rush Price Strong Lou
lSIana Fire Prevention Bureau, New Orleans
La, president. Subsequent boards of direC-
tors, when elected. shall, at once after their
election, choose from their number a prcsi-
! dent, vice president and a secretary treas
urcT.
All directors may act by proxy, in writing.
which proxy. IN writing, shall allow the hold.
| er thereof. to act in all respects the same as
! II the shareholder signing same present
acting in person.
Article NI.-This charter may be amended
! by complying with all the rules and regula.
| tons and laws made to cover amendments Ia
corporations. and especially act 267 of 1914
/ state OF Louisiana, Sec. 9.
Article NlI.-Nhenever. in the judgment oi
/ the board Of directors Of this corporation, II
! shall he deemed advisable to dissolve or Ii,
| qudate this corporation, all steps provided fol-
! in Section % Of the Act No. 267 of the Stat.
! utes OF 1912 OF the state OF Louisiana. shall
/ he complied with, unless, provided also in
| said article. all stockholders consent. without
| other fprmalitieS
! Whenever the corporation shall be dissolved
| either by limitation, or otherwise, as above
| provided. there shall he elected from amorI
| the stockholders, at the meeting providing
| for the liquidation and dissolution of the cor
! pOration, two liquidators which said liquida
| tors shall remain m office until the affairs o
| the corporation shall have been fully lqui
dated and settled. In case of the death o
one of them. the survivor shall act alone.
| Article Nlll.-No stakeholder in this cor
| poratIon shall ever be liable or responsible
| for the contracts or faults of this CORPORATION
| in any further sum that the unpaid balance
| due by him his stock subscriptions; moi
| shall any nformality in the organization o.
| tins company have the effect of rendering thi.
| charter null or of exposing the stockholder,
to any liability beyond that above stipulated
Article lN.-The capital stock of this cor
| poratIon may he increased or decreased by
complying with the laws Of this state on suci
! matters made and provided.
/ A y SubSCrIDtIou of dv-tu NJ
! hurSheedt TO this company for the amount o.
| five thousand dollars of stock. or 50 shares
! - covered by the transfer to this company OF
| this date by said Edwin VI. Kursheedt of ;
| certain franchise of date July 10. 1914 signe,
/ by !. II. Couvillon, Mayor Of the Town a
| MarkSville, Louisiana, passed before J.
| Lemoine. Clerk OF Court, which franchise pro
videS for the supply Of electric power, etc I,
/ the Town of Marksville, etc. from July Is
| 1914, to July IS. 1884, full term of twent,
| years. copy OF which will be annexed 4
| the transfer from said Kursheedt to this cor
! poratlon, which said franchise is valued b,
kursheedt at the full sam of five thousan,
dollars. in which valuation, the Board of Di
rectorS hereinabove named concur and agree
| The list OF stockholders hereto appende,
shall serve as the original subscription lis
| hereof.
Thus done and passed ,n my office on thi
| day OF August, 1914. in the presence O
MeSSrs jules F. Award and Nose T. Hol
lander competent witnesses. who have here
unto signed their names together with Nh
SAID appearers and me, notary, after du
| reading of the whole
! Original signed: Rush Price Strong. 80
Hibernia Bldg. New O,feans, La. 10 share,
$1,000; Jas. r. Black, COS Hennen Bldg. Ne,
Orleans, La, ! share. 500: f. NJ. Kursheed
! 5l8 Whitney Bldg, 50 shares. 5000
Witnesses: Jules F. Award, Nose F Hol
lander.
SCOTT f. BEER. Not. Pull
], the undersigned recorder of mortgages i
and for the parish of Orleans, state OF Louis
ana, do hereby certify that the above and for,
going act of Incorporation Of the Marksvill
Electric Light and Ice Co.. Inc, was this da
duly recorded in my office in book ll27, foil
59S. New Orleans, Aug %. 1914
EMILE ]. LEONARD, ID. r.
/, the undersigned, hereby certify that tn
above IS true and correct copy Of the oril
| inai charter in my current records, togethe
with the certificate of the recorder of NOR
cages thereunto affixed, showing book and f
lio OF recordation thereof New Orleans, La
September 3 1914
SCOTT f. BEER. Not Pul
sept 10 II "a oct s IS