The herald., 1914-04-02

Immediately upon being elected the dIrec-
tors shall elect from among their own mum
Der a president, vice president and a secre-
The said board shall also have full power
and authority to borrow money through the
president or some other duly authorized agent
notes, bonds other obligations, and gen
orally to do all the things necessary for the
proper carrying on Of the business Of the said
cooperation; as also 10 issue and deliver IuH
paid shares of stock and bonds and other
obligations OF the said corporation pay
ment Of the money borrowed or money, la
Dor, services, property or rights actually re-
ceived by the said corporation, as herein
before set forth.
Vacancies in the board of directors shall
be hlled by the remaining members Of the
, board
Until the next meeting to be held under
this charter, OF until their duly quailHed
successors are elected and installed the board
of directors shall be composed OF Joseph \.
Bisso who shall be president; Augustus Z.
Massey, who shall be vice president; Edgar
/ Berthaut. who shall be secretary-treasurcr.
creased or diminished upon complying with
| formalties imposed by law
| Article VII Whenever this corporation
| shall be dissolved, either by limitation or
| from any other cause, its affairs shall be
| liquldated by a committee OF three stock
| holders appointed at a general meeting OF the
/ stockholders convened for that purpose, and
said committee shall have full power 20 per.
liquidation.
Article VIII No stockholder Of this cor
poration shall sell or dispose Of has stock
without hrst offering the same for sale pa
| writing TO the other stockholders through its
board Of directors; any number OF which
| stockholders who desire to purchase said
stock shall have the privilege OF buying It IN
proportion to the shares owned by them a
| the price bona lde offered therefor in writ
ing by an outsider and submitted 70 the
board Of directors, and II no price Is offered
BY an outsider. then al the book value oi
said stock within thirty days from the date
Of such offer the stockholders Offering SAID
stock may dispose OF the same 70 any pe'''"
Transfers Of stock shall not be recognized
unless such stock Is transferred On the books
! OF the company by the owner or by ms aHly
Article *. 10 stakeholder OF this cor
! poration shall ever be held liable or .respon-
| slble for the contracts or faults OF TINS cor
pordtlon IN any further sum than the unpaid
balance due by him. # any. on the stock
T. subscribed for by hin, nor shall any mere
r lntormaity IN the organization have the Ell
feet OF rendering this charter null, or OF eN
posing any stoekholder 10 any liability, be
yond the unpaid balance. II any, due by him
for stock subscribed for by him
= Thus done and passed N my Gihce IN ne
month and year first above written, in the
0 presence Of L. II; Burns and J. Lehman
. both witnesses 0f lawful age and residing Or
$ this city, who sign hereto, together with sal.
n parties and me, the said notary, after d.,
: | reading Of the whole.
5 tOugiral isned): Joseph 4. Bisso 5 shares
= \. b. Massey, 5 shares. f. Ber;hlut, ,
>, | shares.
l.. III. Burns. J. Lehman.
ROBERT F. O'CONNOR, Not Pub
d I, the undersigned, Recorder OF Mortgage
> IN and for the Parish OF Orleans, State o
y Of LOUISIANA, do hereby certify that the aboy,
r, and foregoing charter OF the Algiers Elect-i
4 Welding Company, Limited, was this d.,
e duly recorded in my office in Book II.
Folio -.
e New Orleans, March II, 1914
K Signed: Z. J. LEONARD, D. R
a l, the undersigned notary public. here5
2 certify the above and foregoing to be a In,
II and correct copy Of the charter OF the Algier
e Electric Welding Company, Limited, and q
IF the certificate OF the Recorder Of Mortgage
n for this parish thereto attached on file ar
h Of record IN my office
re New Orleans, March II. 1914
< ROBT Z. O'CONNOR Not. Pub.
Mch26-Apr2-9-l6-23S0