The herald. [volume] (New Orleans, La.) 1905-1953, 1914-06-18

The board of directors as hereinafter created
is especially authorized to dispose of tht
| stock OF this company in whole or in part
tor any and all purposes above stated, as IL
| ITS judgment may seem saIr and proper. Thi:
company shall begin business as soon as five
thousand dollars (S5,O0O.UU) OF its stock shall
have been subscribed, and this charter shall
be the original subscription list.
Article V. All the corporate powers Of this
! corporation shall be Vested in and exercised
by the board OF directors composed of FIVE Isl
| 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 stakeholder shall be
| entitled TO only vote, and majority OF
votes cast shall elect. A failure to elect
! directors at a regular meeting shall not dis
! solve the corporation, but the directors then
! IN ONCE VIII continue 10 act until their sue
| cessors are elected and qualined Notice
OF me time Of holding any and all meetings
shd!L De gwen by the secretary 10 each stock
holder; such notice TO be sent by mail, five
1 days before such meeting, and directed to
each stockholder at his last known address
Immc dldtelv upon being elected the direc-
tors snail elect from among their own num-
treasurer.
The said board shall have the full power
and authority to borrow money through the
president or some other duly authorized
agent or agents, TO execute mortgages and is
sue notes, bonds or other obligations and
e'HCla'tE 70 90 an the wings necessary for
me proper carrying on the business OF the
sald corporation; as also to issue ana deliver
iu!l-pdid shares OF stock and bonds and other
oDilgauons OF the SAID corporation in pay.
ment OF the money borrowed or money, labor
services, property or rights actually received
oy the SAID corporation, hereinafter set
ioTth. Vacancies in the board OF directors
shal! be hlled by the remaining members of
the board until the next meeting to be held
under this charter, or until their duly oualI-
i ned successors are elected and installed the
Is Rochelle, who shall be president; Louis F.
iidfgus, who shall be vice president; Joseph
y ,EtIst VINO snail be seCretary-tTeasurer;
l. A Freq Ap nd and b. J. Ernst.
Nrucle VI: The capital stock may be in
creased or diminished upon complying with
io:maiitles imposed by law
Article VII. Whenever tbs corporation
snail be dissolved either by limitation or
from any other cause, its affairs shall be lidui.
GATED by committee Of three stockholders !
appointed al a general meeting of the stock. |
HoIueIs convened for that purpose and said !
committee shall have full power 10 perform |
ton. 'h1
Article VIII. No stakeholder of this cor.
po,ILlon shai sell or dispose of his stock
without nrst offering the same for sale i'm !
"Tlung 10 the other stockholders through us !
BOARD OF directors, any number OF which /
sto-i, sLi VINO desire to purchase said
STOCK shdiI nave the privilege OF buying it in /
proportion to the shares owned by them a, /
the price bona iIde offered therefor in wrir
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 ~ ssiJ
STOCK within thirty DAYS from the date ~ |
slch OTTER, the stockholders offering said stool
may dispose OF the same to any person what
Transfers OF stock shall not be recogni,-d
unless such stock IS transferred on the hooks
d me company by the owner or by his duly
Article TX. No stakeholder of this cornor.
itlon shall ever be held liable or responsible
or me contracts or faults Of this CORPORATION
a. any further sum than the unpaid balance
lue by MN, II any, on the stock subscribed
or by him, nor shall any mere informaiity
n the organization have the effect of rem. !
l l.aiis this charter null, or of exposing any
TO any liability beyond the nm !
'aid balance, If any, due by him. for stocL
subscribed for by him. SWIM
thus done and passed in my Office in the
I NY OF New Orleans, aforesaid, the day,
,reSenGe Of A. r. BEARY and THOMAS NJ
IL EREAUN, both witnesses OF lawful ace
nd Iesiding IN this city, who sign hereto.
(Signed)
JOSEPH B. ROCHELLE. Isl Share,
LOUIS F. HARGUS, 4 Shares /
JOSEPH F. ERNST, 2 Shares. :
Is. J. ERNST, ? Shares :
". L. FRED ANDRY, Shares.
!. II. BEARY,
THOMAS NJ. DEVEREAUy,
NSigneD ROBERT E. O'CONNOR,
Notary Public i
l, the undersigned Recorder of Mortgages l
and for the Parish of Orleans. State NJ a
oulslana, do hereby certify that the aSove -
"a foregoing charter of the Eureka WateT d
otoT Company, Limited. was this day duiv F
SSorded IN my office in Book ll27, Folio -.
New Orleans, May -, 1914
ISigIed EMILE ]. LEONARD. DIV. Rec.
l, the undersigned notary public. hereby II
r5iiy the above and foregoing TO be true il
alter Motor Company, Limited, and of r
e certificate of hte Recorder of MORTGAGES n
TINS parish thereto attached, on file and
record in my office. va ''' anu
New Orleans, May -. 1914 81
May II g. June II 1925. ''' uo' NJ