The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-05
THE HER AID

conduct and management of the business ans
affairs OF such corporation. The Board OF
Directors shall have full power and author
ity TO borrow money, 10 execute moItsages
and to create liens to issue bonds, and otheT
obligations, and TO secure same by mort
gage, pledge, otherwise; and generally 10
do any and all things reasonable convenlent
and necessary Tor the proper carrying On OF
the business and affairs Of said corporation.
The Board OF Directors may issue Jul
paid shares Of stock Tor cash or IN payment
Of labor done and performed Tor Sald corpora,
ton, or property actually received by Sald
Ar,iCle VI Whenever this corporation may
be dissolved either by limitation or from
auv other cause, IT'S affairs shall be Hquld4ted
bv three commits S.rucrs, @ be appointed tcom
amongst the stockholders al d general meet
ing II the stockholders convened tor such
purpose, Of which meeting notice shdil he
gwen m the manner and title provided Tor
Stockholders meeting by Article VII OF tins
charter, and majority IN amount OF the
capital stock 9i SAID company represented az
such meeting shall .e requisite 10 e.e1t.
! Said commissioners shall remain IN otu,e
until the affairs Of said corporation shall
/ have been fully iIqu,dacrd. In case OF death
I vacancy shall be t.led by election by the
surviving commissioners.
/ Article VII Tins act Of Incorporation may
I be modified changed or altered, or sad
| corporation may be dissolved with the as
sent Of three-t.uTths II the capital stock
represented - genera! meeting OF the
| stockholders convened for such purposes. and
/ after notice snail have been gwen IN one CT
more newspapers published IN the City OF
New Orleans, once q week tor Tour wee Ks
/ preceding the meeting and by written notice
/ TO each s. ekholdcr mailed to him thirty
/ days prior TO the date OF meeting at the
| post office address designated by him IN
/ writing.
| ANY changes proposed or made in refer
/ euce 10 the capital stock shall be made IN
I accordance with the laws Of the State OF
/ Louisiana on the subject OF altering the
! capital stock Of corpuratiors.
/ Article VIII. No stakeholder shall ever be
/ held liable for the contracts or faults Of sald
| corporation III any further sum than the
unpaid balance due the corporation on the
| shares OF stock owned by him, nor shall
! any mere luiOTmallty IN organization have
| the effect Of rendering this Charter null OF
| OF exposing a stoCkholder TO any liability
beyond the unpaid amount remaining due on
Article IX. The following shall constitute
! the FIRST Board Of Directors: Sylvester z
| Walmsley, Arsere PerrIllIat, Clarence o
Sheriff. George Blardone and 7. Semmes
| President, ATsene PcTrilliat, as Vice PTcsl
dent; George Blardone, Secretary anC
Treasurer; and T. Semmes NzlmSley as Gen
cral Manager; with the hrm Of Nalmsley 8
Provosty as attorneys Tor the board
The said Board Of Directors shall hole
Office until the hrst Monday in February
1919, or until their successors shall hav,
been duly elected and qualified.
The subscribers hereto have written oppo
site their respective names the amount o
stock in this corporation subscribed for by
each OF them. and this act of incorporation
shall serve the original subscription lis
Of said corporation.
Thus done and passed at my office in tn
City OF New Orleans in the presence Of K. NJ
. Walmsley, Jr., and Michel Provosty, compe
tent witnesses OF lawful age, both of thi
City, who hereunto sign their names witt
the said appearers and me, notary, tn
day and date aforesaid, after due readin
of the whole.
Original Signed: s. p Walmsley, /
shares; T. 5. Walmsley, 10 shares; Georg
, Blardone, 5 shares; c. o. Sheriff., 10 shares
Arsene PerrIllat, 10 shares
! Witnesses: X. NJ. Walmsley, Jr, Niche
! PrOvosty.
: (Signedj: JNO F TdBIN, Notary Public
|, the undersigned, Recorder of Mortgages
| in and for the parish of Orleans, State O
Louisiana, do hereby certify that the abov
and foregoing act OF Incorporation OF III
2 Modern Wheel Company was this day dull
t recorded in my office, in Book lll9, Folio =
New Orleans, February o, 1914.
(Signed): EMILE J. LEONARD, by. r
A true copy of the original:
JNO. +. TOBlN, Not. Pub.
5 Febl2-lq 26-NCh5-l2-l9