The herald. [volume] (New Orleans, La.) 1905-1953, 1914-06-11

Inc DOdrQ OF directors as hereinafter created
IS especially authorized 10 dispose of tht
stock of this company IN whole or IN part
for any and all purposes above stated, as IL
its judgment may seem eaIr and proper. Ihi:
company shall begin business as soon as hvt
! thousand dollars ts5,OOOUU) Of its stock shall
have been subscribed. and this charter shall
| be the original subscription list.
Article V. All the corporate powers OF thi'
corporation shall be vesvcd IN and exercised
! by the board Of directors composed of five IS
stockholders, who shall re elected annually
on the second Thursday of May Of each year
| beginning with the year 1914 a majority Of
said board shall constitute quorum for the
transaction OF any and all business.
At all elections each stockholder shall be
entitled 10 only one vote, and majority o.
votes cast shall elect. failure 10 cleo
directors at a regular meeting shall not dis
solve the corporation, but the directors ther
IN Office will continue 10 act until their sue
ceSsors are elected and qualified. Notice
Of the time OF holding any and all meetings
shall be given by the secretary to each stock
holder, such notice to be sent by mall hye
days before such meeting, and directed tC
each s;ockholder al his last known address.
Immediately upon being elected the drec
TOYS shall elect from among their own mum
Der a president, vice president and secretary
treasurer
The said board shall have the full power
and authority 20 borrow money through the
president or some other duly authorized
agent ur agents, TO execute mortgages and Is
sue notes bonds or other obligations and
the proper carrying on the business Of the
SAID corporation; As also 70 issue and deliver
tuil-pald shares OF stock and bonds and other
obligations Of the said corporation in nay.
ment Of the money borrowed or money, labor,
services, property or rights actually received
by the sand corporation, as hereinafter set
forth. Vacancies IN the board OF directors
shall be hlIed By the remaining members OF
the board until the 1eGt meeting 10 be held
under this charter. or until their duly quail
ned successors are elected and installed the
board Of directors shall be composed Of Joseph
y. Rochelle, who shall be president; Louis F.
Hargus, who shall he vice president; Joseph
{. Ernst, who shall be secretary treasurer
T. Fred Andry and b. J. Ernst.
Article VI. The capital stock may be in
creased or diminished upon complying with
io-malItes imposed by law.
Article VII Whenever this corporation
shall be dissolved, either by Limitation OF
from any other cause, its affairs shall be liqui-
dated by. committee Of three stockholders
appointed al a general meeting OF the stock
holders convened for that purpose, and sand
committee shall have full power to perform
ton.
Article VIII No stockholder Of this cor
poratlon shall sell OF 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
stockholders who desire to pun chase said
stock shall have the privilege Of buying it in
proportion to the shares owned by them at
the price bona Ide offered therefor in writ
ing by an outsider and submitted TO 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 to any person what
soever.
Transfers of stock shall not be recognized
unless such stock is transferred on the books
OF the company by the owner or by his duly
authorized agent
Article TX. No stockholder Of this corpor.
l4nN1 L 4 l.. -
for the contracts or faults Of this corporation
IN any further sum than the unpaid balance
due by hIm, II any, on the stock subscribed
for by him, nor shall any mere informality
IN the organization have the effect of rem.
dering this charter null, of exposing any
stakeholder, 10 any liability beyond the IN
paid balance, II any, due by him, for stock
Thus done and passed in my Office in the
city OF New Orleans, aforesaid, the day,
month and year first above written, in the
presence Of A. r. BEARY and THOMAS NJ.
DENEREACN, both witnesses OF lawful age
and residing in this city, who sign hereto,
together with said parties and me, the said
notary, after due reading OF the whole.
(Signed)
JOSEPH B. ROCHELLE. Isl Shares.
LOUIS F, HARGUS, 4 Shares.
JOSEPH E. ERNST, Shares.
B. J. ERNST. ? Shares.
L. FRED ANDRY, s Shares.
Witnesses.
A. X. BEARY,
THOMAS NJ. DEVEREAUX.
(SigneD ROBERT E. O'CONNOR
Notary Public.
/, the undersigned Recorder of Mortgages,
in and for the Parish of Orleans. State of
Louisiana, do hereby certify that the above
and foregoing charter of the Eureka Water
Motor Company, Limited, was this day duly
recorded in my office in Book liz, Folio -.
New Orleans, May =, 1914
lSigneD EMILE ]. LEONARD, by. Rec
l, the undersigned notary public, hereby
certify the above and foregoing to be true
and correct copy OF the charter of the Eureka
Water Motor Company, Limited, and of
the certificate of hte Recorder of Mortgages
for this parish thereto attached, on file and
of record in my Office.
New Orleans, May =, 1914.
ROBT. E. O'CONNOR, Not Pub
May Il %, June I II Is.