The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-03
CHARTER
HIGGINS ENGINEERING COMPANY IN

ana, Parish of Orleans, City of New Orleans.
BE IT known, that on this 18th day of
May, 1915, before me, Herbert W. Kaiser, a
Notary Public, duly commissioned and quail
fed in and for the Parish and State afore-
said, and in the presence of the witnesses
hereinafter named and undersigned, person
ally came and appeared the persons whose
names are hereunto subscribed, who declared
that, ayaling themselves of the provisions
of the laws of the State of Louisiana and |
particularly of Act No. 267 of the General |
Assembly of the State of Louisiana for the
year 1914, they have covenanted and agreed, |
and do by these presents covenant, agree |
bind, form and constitute themselves well |
as such other persons as may hereafter join |
and become associated with them, into cor |
poration and body polite in law. for the |
objects and purposes and under the agree |
ment and stipulatons, following, to-wit:
ARTICLE THE name and style of this
| Company, Inc" and under that name it
shall have and enjoy all the rights, advant-
ages and privileges granted by law TO cor.
| porations. 1t shall exist for a period of
ninety nine years from the date hereof; it
| shall have power and authority to and
| be sued in its corporate name; to make and
use corporate seal and to break the same
| at pleasure; to hold, receive purchase con-
vey, mortgage and hypothecate real, personal
and mixed property; to issue bonds, notes
and other obligations; to have and employ
such managers, officers, agents and employees
| as the interest and convenience of said cor
poration may require; and to make and eS-
tablish such by laws, rules and regulations
| for the corporate management and control
| of the business and affairs OF the corporation
as may be deemed necessary and expedient.
ARTICLE 1.-THE domcile of this
poration shall be in the City of New Orleans,
State of Louisiana. All citation and other
legal process shall be served tie Presi-
dent and in his absence on the Secretary
- Treasurer.
ARTICLE III-The objects and purposes
for which this corporation is organized and
the nature of the business to he carried
by it are hereby declared TO be: TO engage
in the buying, selling and manufacturing Of
oil burners, pumps, steam SpeCIallties, pat
terms and machinery; and generally to do
and engage in any other business, under
taking or enterprise connected with or grow
ing out of and incidental to the objects and
purposes set forth or contemplated by this
charter.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum of
Five Thousand (S5,OO0OO Dollars, which cap
! ital stock may be increased in the manner
: provided by law to the of Fifty Thou
> sand !S5o0O00 Dollars: Said capital stock
value of One Hundred Dollars each OF said
. capital stock Two Hundred Dollars thereof
: shall be paid for in cash Immediately after
= the signing of this act Of Incorporation.
: The remaining Forty-eght Hundred ($4,SO0-
OO Dollars of the capital stock of this COR
+ Poration, viz: the capital stock subscribed to
:; by James +. Higgins shall be paid for as
d follows: for Thirty-one (3D shares of said
/ capital stock the said James F. Higgins does
e transfer, assign, convey, setover and deliver
II unto the corporation all his right. title and
l. interest in and TO the following patents with
d reference to Hydrocarbon- burners: No 724,
e 008 dated March 5lst, 1908, No. 5000, dated
1905, No. Sj4, 2O3 dated Oct. 23rd. 1906, and No
lie 705,S30 dated July 22nd, 1902, all granted by
e, the United States Government and ISSUED
/. Patent No. 54Ol of the Republic of Mexico
s. which said patents and patent rights ap
I, praised and valued by the Board of Director
as Thirty-one Hundred Dollars (s3,lO0.OO; ant
G. for Seventeen QO shares of said capita
stock the said James F. Higgins does trans
;s fer, convey, setoyer, and deliver unto tn
N corporation the following named burners
of pumps, and machinery, to-wit: 8, No.
20 burners, Perfect burners, 6 No. burners
- IS No. 3 burners, 10 No. burners, 81 No.
- burners, cast iron receivers, Is cast iro
=. pans, 80 cast iron nozzels, pump governor:
a located at 922 Magazine street, New Orlean:
" La, which said burners, pumps and ma
L chinery are appraised and valued by tn
-, Board of Directors hereinafter named a
a. worth the sum of Seventeen hundred Csl
'e' 10000 Dollars. All shares of stock sha
M M be worcestershire, and nc transfer of stoc
ne shall be binding upon the corporation unles
X. made upon its books, and all certificates {
nd the Secretary Treasurer of the corporation.
by ARTICLE V-No stakeholder of this co
ds poration may offer for sale, sell, assis
of or transfer his stock in this corporation will
ng out giving to the other stockholders thirt
m days prior notice of such intention, whie
OF notice shall be given in writing to the Pres
i'd dent of the corporation and shall by sal
of President be made known to the Directo
ed of the corporation, and the other stockholde
. shall have the privilege of purchasing sa
stock at the book value thereof for perit
I'D of thirty days from the delivery OF sa
of | notice to the president.
he ARTICLE VIAL the corporate powers
ON this company shall be vested in, and q
nor management and control of its business al
ION affairs shall be exercised by, Board OF L
Ill rectors, composed of three stockholders.
j., majority of the directors shall constitute
- quorum for the transaction of all buslne:
AZ any meeting of the Board of Directors
which there are only two members OF I
BOARD of Directors present, the absent L
a., | rector may give to either of the two Dlre'
~ ors present at said meeting written pro-
~, to vote in the name, place and stead OF
io | absent Director upon any question that m
~ come before the said Board OF Directors
III that particular meeting. The Directors sh
IT'S, be elected annually by a ballot begnn'
10 on the first Wednesday OF the month
red January in the year 1916 All elections sh
OF he held nuder such rules and regulatio
UGH as NAV be determined by the Board OF
nd. rectors but after at least ten days notice
and such election shall be given to each stoS
in holder by mail sent to his last known
dress or by publication for at least TN
times in ten days preceding such electi
or in one of the daily English newspapers
red the city of New Orleans. No failure
wo- hold an election shall be regarded as
eral fixture of this charter. Any vacancy,
hat curing in said Board OF directors shah
cen filled by the remaining Directors for the
last expired term. The first Board of Direct
of this Company shall consist of James
Higgins, residing at 2l20 Milan Street, n
,ely Orleans: Joseph Kaufman, residing at
e pnhert street New Orleans; and Carl