The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-24

effect of rendering this charter NULL or OF
exposing any subscriber or stakeholder to any
liability beyond the unpaid balance, if any,
| due on the shares subscribed for or owned by
| him.
Article VII.-This act of incorporation may
/ be changed, modified, or altered, or said cor
poration may be dissolved, with the assent of
| the holders of two-thirds of the stock of the
corporation, whose owners are present and
represented at a general meeting of the hold
ers OF stock, after at least thirty days writ
ten notice of such meeting has been given
through mail, addressed to each stakeholder
at ms place of residence, as shown on the
books OF the corporation.
In case of dissolution, whether by the ex-
plratlon OF this charter or otherwise, the hold
ers OF stock shall elect three liqudators from
among their number, to hquidate and settle
the business and affairs OF said corporation
In case of death or disability of any of said
llquldatoTs, the survivors, or the remaining
llquidators, shall appoint successor TO such
hqIldator. Said llquidators hereby given
tulI power, either by court or law proceed.
ings, or without such proceedings as they
shall elect, to collect all amounts due the
corporation, sell or otherwise dispose of its
assets, pay its debts and liabilities, and com
promise and settle all disputed Questions ard
matters; and shall have and exercise all
other powers necessary and usual to fully
and hnally settle, wind up and liquidate all
the business and affairs of the corporation,
and distribute its net assets or funds among
ITS stockholders in accordance with their re-
spectIve rights.
Article VIII.-The names of the first board
OF directors and their post office addresses arc
as follows: James T. Bowling, New Orleans,
La; John w. Wood, New Orleans, La !;
George W. Martin, Arab p. o., La; ami
George w. ketteringham, New Orleans, La
The said board of directors, with sail
James +. Bowling as president and said
George W. Martin as vice president, and with
said John w. Wood as secretary and treas.
urer, shall serve until the election to be held
on the Thursday following the first Monday
IN January, 1910, and until their successors
shall be elected.
The names and post Office addresses of the
subscribers hereto and the number of shares
which each agrees to take in the corporation
are as follows, viz: James p Bowling, New
Orleans, La, nine hundred and nnety-seyen
shares of stock, S99,7OO.OO; John w. Wood,
New Orleans, La, one share of stock, $1,000
George W. Martin, Arab p. o., La, one share
OF stock, $1,000; George W. Ketteringham,
New Orleans, La, one share of stock, $1,000.
Article lA.-lt is hereby agreed and un.
derstood by and between the incorporators OF
this company that the said James Z. Bowling
snail return TO the company ninety-Seven
shares OF the stock so subscribed by HIN,
which stock shall be known as '"rTeasu.
Stock, and shall be used by the boarc Oh
directors as security for obtaining funds nee
essary for the operation of said company.
thus done and passed in my Office on the
day, month and year herein first above WIZ
ten III the presence of Messrs hzzo j. rlouhn
and Irwin A. Boyer, competent Witnesses,
who have signed with the parties ana me,
notary, after reading the whole.
Original signed: James p. Bowling, J. ~
Wood, George w. Martin, per J. W. WOOD,
Geo. W. ketteringham, Henry G. Mccall, not
Pub. Azzo J. Plough, Irwin A. Boyer.
CERTIFICATE.
/, the undersigned recorder Of mortgages IN
and for the parish OF Orleans, state OF Lou.
Isiana, do hereby certify that the above an.
foregoing act OF incorporation of the Bowling
Torpedo Dredge Company, incorporated, wa,
this day duly recorded in my office, in book
ll57, folio =. New Orleans, June IL, 1915.
(Signed EMILE J. LEONARD, py. II.
do hereby certify the above and foregoing
to be true and correct copy of the original
act OF Incorporation of the Bowling Torpedo
Dredge Company, incorporated, together with
the certificate of the recorder OF mortgages
thereto appended.
In witness whereof, hereto annex my hano
and seal on this the 18th day of June, i9l,
HENRY G. MCCALL, Not Pup.
june "a july IS u %