The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-25
CHARTER
PRICE OIL TANK WORKS, INC
State of Louisiana, Parish of Orleans, City
of New Orleans

State of Louisiana, Parish of Orleans, City
Of New Orleans
Be it known. That this seventeenth day
OF the month Of February, in the year of our
Lord one thousand nine hundred and fifteen.
Before me, Edouard F. Henriques, a notary
public, duly commissioned and qualified in
and for the Parish of Orleans, City OF New
Orleans, State of Louisiana, there in residing,
and in the presence of the witnesses herein
after named and undersigned, personally
came and appeared, the several persons whose
names are hereunto subscribed who severally
declared that, availing themselves OF the
laws OF the State of Louisiana, in such cases
made and provided, they have covenanted and
agreed and do by these presents covenant
and agree and bind themselves, as well as
all such persons as may hereafter become
associated with them to form a corporation
for the objects and purposes and under the
articles and stipulations following to-wit:
Article 1.-The name of this corporation
shall be Price Oil Tank Works, Inc, and
under its said corporate name it shall have
power and authority TO have and enjoy cor
porate existence and succession for the full
term and period of ninety nine years from
and after the date hereof; to contract, to sue
and be sued, to make and to use a corporate
seal and the same to alter and break at pleas
ure; to hold, receive, lease, purchase and
convey, as we'll as mortgage and hypothecate
property, real, personal and mixed, corporeal
and incorpoEeal; to name and appoint such
managers, agents, directors and officers as
its business interest and convenience may
as alter and amend from time to time such
bylaws, rules and regulations for the proper
government OF the affairs of said corporation
as may be necessary and proper
Article 1.-THE domicie of this corporation
shall be in the City of New Orleans. State Of
louisiana, and all citations or other legal
process shall be served upon the president of
said corporation, or in the event of his abb
sence, upon the first vice,president thereof,
and in the absence of both of said officers
upon the second vice-president of said cor
poration.
Article III.-The objects and purposes for
WHICH this corporation is organized and es-
tablished and the nature of the business to
be carried on by 1t are hereby declared to
be; to acquire by purchase or otherwise
property, real or personal, and the good will
rights and assets of all kinds under such
terms and conditions as may be deemed ad-
visaole OF any person, firm or corporation. and
particularly the patent rights and good will
OF the Price Oil Tank Works and ]. A
Price, patentee and to pay for the same in
cash or stock or other securities of the cor
poration and to manufacture, export, import,
buy, sell and generally deal in fluid self
measuring devices, storage systems, tanks
ETC., under said patent rights, which may be
acquired, and to carry the business of
said corporation in louisiana and in all the
States of the United States and in foreign
countries; and generally to do and perform
all things pertinent and incident and which
may be proper and necessary to carry out and
execute the objects and purposes of this cor
poration.
Article Iv.-The capital stock of this cor.
poration is hereby fixed at the sum of one
hundred thousand dollars and 90. 100, (sloO.
GOOO dollars. divided into and represented
by ten thousand 10000, shares of the mar
value of ten and 0O-l0O, $1,000 dollars each.
Said stock, shall be paid for in cash, or in
such installments at at such time and after
such notice to subscribers as the Board of
Directors may fix, or same may be issued al
not less than par for labor done or services
performed for said corporation, or for prop
poration.
Fifty thousand four hundred and OO-1oO
sSO,+OOl, dollars of the capital stock has
been subscribed to the corporation at the
time OF the passing of this act of incorpora- |
ton, and this corporation shall become 90.
ing concern and shall be authorized TO com.
ntnce business as soon as fifty thousand and
H-l0o tS5O,0oo.Oo) dollars of its capital stock
shall have been paid for, either in cash or
for labor done, or services performed for said
corporation, or for property or rights actually
transferred to it.
Article V.-The capital stock of this cor. |
Doration may be increased to the sum Of two |
hundred and fifty thousand and OO.lOO dollars
S<Sg,UO.Uc) by vote of two-thirds of all the |
stock: at meeting called for that purpose.
Article Nl.-Transfer of stock shall be made |
'nly on the books of the corporation. subject
o such regulations and formaiities as ~
board OF Directors may prescribe Any
'tockholder wishing to sell his stock must
'neT the same in wrisng to the other stock /
holders, through the Board of Directors al
rice not exceeding the book value thereof
no shall have an option TO purchase ali |
mares OF stock to be disposed of nv sale
esignation, death, or otherwise OF any OF |
Is members, and they shall have fifteen davs
= whien 10 accept or decline said Offer
should the Board Of Directors decline to pnr.
hase any stock. the stakeholder who has
made the offer to sell, may then dispose of his
30 IN any manner or at any price he may
ee NJ, but any sale or transfer made by a
teckhoider IN violation of this article shall
e VOID, and no transfer of stock shall be
1ade on the books Of the corporation unless
ne provisions thereof are strictly complied
Article VII-All the corporate powers Of
ms corporation shall be vested in and eye.
ised by Board of Directors, Composed of
Senty-one stockholders, FIVE of whom shall
usiness. Vi
Theodore E. Posner, Eugene Buckmaster
NJ. Rollosson, Travis ID. Price, Roqer
dimes, w: NJ Gordon, D. S. Gregory, George
chrei1er. Thomas Jordan, c. ]. Safm. T. A
nee, W. l. Mitchell, II. J. Veith, George r.
dimes. Mrs. Hattie NJ. Price Irwin Miller
rank X: Perschall, R. II. Gregory, F. A RoI,
sson, VIM E. Price and Francis M. FuIIr,
lall compose the first Board of Directors ~
rs corporation. This first Board of Directors
iall serve until the second Monday OF Feb
AIRY, 1916, after which the directors shall be
ected annually by the stockholders Al
Getting TO be held an the e,;I s.~..I n {