The herald., 1915-02-25

and constitute themselves, as well as, sucn
o,ber nersons as NAV hereafter join and be-
come associated with them into a corporation
and body polite in law. for the object and
purposes and under the agreement and stipu-
iations, following to-wit:
Article 1.-The name and style OF this cor
poration shall be the New Orleans Electric
Welding Company, Incorporated and under
that name il shall have and ENJOY all the
rights, advantages and privileges granted by
law to corporations. 1t shall exist Tor
period OF ninety nine years from the date
hereof: it shall have power and authority to
sue and be sued in its corporate name; TO
make and use a corporate seal and the same
TO break or alter at pleasure; to hold, re-
ceive, purchase, convey, mortgage and hypo-
thecate property, real, personal or mixed; 10
issue bonds notes and other obligations; to
have and employ such managers, directors,
officers, agents and other employees as the
interest and convenience OF said corporation
may require, and TO make and establish such
bylaws, rules, and regulations for the cor
porate management and control OF the bust
ness and affairs of the corporation as may be
deemed necessary or eNpedient.
Article 1.-THE domicie of said corporation
shall be in the City of New Orleans, State OF
louisiana All citation and other legal pro-
cess shall be served on the president and on
the vice presidentof said corporation, and IN
the absence of both OF said officers, then on
the secretary treasurer.
Article II-The objects and purposes for
which this corporation Is organized and the
nature of the business to be carried on by 1t,
are hereby declared to be: 10 do an electric
welding business OF all kinds; to furnish air;
10 own and operate a barge OF barges tor the
purpose OF making general repairs OF all kinds
TO ships, steamers, or any and all KINDS OF
steam plants; TO do any and all kinds OF
steel and iron repair work; TO own and
operate tow boats; to own and acquire all
needed equipment for the purposes OF ITS
business and generally 20 do and engage IN
any other business, undertaking or enterprise
connected with or growing out OF incidental
TO any of the objects and purposes herein
above set forth or contemplated by TINS
charter.
Article IV.-The capital stock OF this. cor
poration is hereby fixed at the sum OF ten
thousand dollars Cl0.OOO0O), divided into
forty shares of the par value OF two hundred
and fifty dollars (S25OOOJ each, which shall
be paid for in cash on the call OF the Board
Of Directors, or may be issued at not less than
par foT property purchased by services &C
tually rendered to said corporation. provided
that this corporation shall be going concern
when twenty shares OF its SAID capital STOCK
shall be fully paid for and subscribed TO as
is provided in these said articles OF incorpora-
ton. All shares of stock shall be full PAID
and non-assessabe. No transfer of stock
shall be binding upon the corporation unless
made upon its books and all certificates Of
stock shall be signed by the president or
vice president and the secretary-treasurer OF
the corporation
Article V.-All the corporate powers OF this
company shall be vested in, and the manage
ment and control of its business and affairs
shall be exercised by a Board of Directors,
composed of three stockholders. majority
of the directors shall constitute a quorum
for the transaction of all business. The direc-
tors shall be elected annually by ballot
beginning the hrst Wednesday OF the
month Of January, in the year nineteen hun
bred and sixteen. All elections shall be
held under such rules and regulations as may
be determined by the board OF Directors but
after at least ten days notice OF such election
shall be given to each stakeholder by mall
L. aAA hv ntthl In
cation for at least ten days preceding such
election in one of the daily English news
papers published in the City of New Orleans
The directors thus elected shall continue IN
office for one year until their successors
shall have been duly elected and qualified
No failure to hold an election shall be re-
garded as a forfeiture OF this charter. Any
vacancy occurring on said Board OF Directors
shall be filled by the remaining Directors for
the unexpired term. The first Board OF Dlrec-
tors Of this corporation shall consist OF Albert
W. Whiteman, residing at 1870 Camp Street,
New Orleans; La, as president; Frederick a.
Orleans, La, vice-presdent, and William
Henry Cowley, residing at o35 Washington
avenue, New Orleans, La, as secretary-treas-
urer. The three above named shall constitute
the first Board of Directors and shall serve
until their successors in office are duly elect
ed The Board of Directors shall after each
election, select from their number president,
cepresdent and secretary -treasurer
Article Vino stakeholder shall. ever be
held liable OF responsible for the contracts,
faults, debts of said corporation, nor shall
any mere informality IN Its organization have
the effect Of rendering this charter null or OF
exposing a stakeholder to any liability be.
yond the unpaid balance due OF the shares Of
stock owned by him. This act OF in
corporation may, be changed, modi-
fed, or altered, or this corporation
| may be dissolved in accordance with the
provisions of sections Nos. and % of Act.
No. 267 of the General Assembly of the State
of Louisiana for the year 1914. In the event
| of the dissolution of this corporation by the
expiration of its charter otherwise, its
| business and affairs shall be wound up and
| terminated by three liquidators to be elected
| by and among the stockholders at the meeting
which decides to liquidate. Said llquidators
shall have full power and authority to settle
all the business and affairs of the corporation.
| In case of the death or disability OF any OF
| said liquidatOrs, the survivor or survivors
shall appoint successor or successors TO him
| or them from among the stockholders.
Article VII-The subscribers hereto have
respectively written opposite their names the
amount of stock in this corporation subscribed
| for by each OF them, so that this act OF in
corporation may also serve as the original
| subscription list of said corporation.
Thus done and passed in my notarial office
of W. Catesby Jones and William S. Ed
| wards, competent witnesses who have signed
their names with said appearers and me, no.
tary after due reading of the whole, on the
1 Gay, month auQ year nrSt ABOVE Wfittcn
| Original Signed II. c. Whiteman g
| shares); +. A. Wilson g shares); Albert W.
Whiteman g shares); William III. Cowley I'll
shares. Witnesses: w. Catesby Jones and
| William s. Edwards.
| MEYER 5. DREIFUS, Not. Pub.
| 1. the undersigned Recorder Of Mortgages in
and for the Parish of Orleans, State of Louis
lana, do hereby certify that the above and
| foregoing act of incorporation of the New Or
leans Electric Welding Company Incorporat-
ed was this day duly recorded in my Office,
Book llH, Folio 79S. New Orleans, Febru-
airy 10th, 1915.
| EMILE ]. LEONARD, D. r.
| /, the undersigned Notary Public in and
for the Parish of Orleans, City of New Or
| leans, State of Louisiana. do hereby certify
| that the above is true and correct copy OF
| the original act of incorporation of the New
| Orleans Electric Welding Company, Incor-
porate and of the certificate of the Recorder
| Of Mortgages thereto appended to hold on file
| in my office. New Orleans, January :, 1915.
| MEYER s. DREIFUS, Not. Pub.
| Feb 1923; Mch. 4-ll-l8-2S.
| CHARTER
| PRICE OIL TANK WORKS. INC.