The herald., 1915-02-18

and constitute themselves, as well as, such
other persons as may hereafter join and be-
come associated with them into a corporation
and body polite III law, for the object and
purposes and under the agreement and stipu-
lations, following tO-wit:
Article 1.-The name and style OF this cor
pOration shall be the New Orleans Electric
Welding Company incorporated and under
~ n5me IL shall have and enjoy all the
rights. advantages and privileges granted by
law to corporations. II shall exist Tor a
period Of ninety nine years from the date
hereof: it shall have power and authority TO
sue and be sued IN its corporate name; 10
make and use corporate seal and the same
to break or alter at pleasure; TO hold, re-
CcIvc, purchase, convey. mortgage and hypo-
thecdtc property, real, personal or mixed; TO
issue bonds, notes and other obligations; 10
have and employ such managers. directors,
officers, agents and other employees as the
interest and convenience OF said corporation
NAV require, and To make and establish such
bylaws. rules, and regulations for the cor
porate management and control OF the busI-
ness and affairs OF the corporation may be
deemed necessary or eNpcdIent.
Article II.--Ihc domiCile Of sand corporation
shall he III 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 presIdeutof Said corporation, and IN
the absence Of both OF said officers, then on
the ,cCretary-treaSurer.
Article III.-Thc objects and purposes for
which this corporation is organized and the
nature OF the business to be carried on by II,
are hereby declared to be: TO do electric
welding business of all kinds; to furnish air;
10 own and operate a barge or bargcs for 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 TO do and engage III
any other business, undertaking or enterprise
4 nj don al
to any Of the objects and purposes herein
above set forth Or contemplated by tins
charter.
ArtIclc IN.-Thc capital stock of this cor.
poratiou Is hereby fixed at the sum Of ten
thousand dollars (SlO.OOOO. divided into
forty shares Of the par value of two hundred
and fifty dollars tS2OG0 each, which shall
be paid Tor in cash on the call OF the Board
| of Directors, or may be issued at not less than
par Tor property purchased by or services &c
tually rendered TO said corporation, provided
that tins corporation shall be going concern
when twenty shares of ITS SAID capital stock
shall be fully paid for and subscribed to a
O., provided in these said articles of incorpora.
ton All shares OF stock shall be full paid
and worcestershire. No transfer OF stock
shall he binding upon the corporation unless
made upon its books and all certificates OF
stock shall be signed 10y the president OF
vIce-preSidcnt and the secretary treasurer OF
| the corporation.
| Article N.-All the corporate powers of this
ment and control OF its business and affairs
| shall be exercised by a Board Of Directors
composed of three stockholders. a majority
! of the directors shall constitute quorum
| for the transaction of all business. The dIrcc-
| tors shall be elected annually by ballot
beginning on the FIRST Wednesday OF the
| month OF January, IN the year nineteen nun
| drcd and sixteen. All elections shall be
| held under such rules and regulations may
he determined by the board of Directors but
| after at least ten days notice of such election
shall be given to each stakeholder by man
sent to his last known address OF by publ
cation for at least ten days preceding sucf
| election IN one OF the daily English news
| papers published IN the City of New Orleans
! The directors thus elected shall continue II
| office for one year or until their successor:
! shall have been duly elected and quaiIhed
| No failure to hold an election shall be re
! garded as a forfeiture of this charter. Any
vacancy occurring on said Board Of Director.
! shall be filled by the remaining DHectors toi
| the uncXplred term. The hrst Board OF Dlrcc
| tors of this corporation shall consist OF AlbeT
| W. Nhteman, residing at 1920 Camp Street
| New Orleans, La, PRESIDENT Frederick A
| Wilson, residing AT 5o2S Laurel street, New
! Orleans, La, vice president, and William
| Henry Cowley, residing at 6SS Washington
| avenue, New Orleans, La, as secretary-treaS
| urcr. 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
yice-president and secretary-rreasurer.
! Article Vino stakeholder shall ever b,
| held liable or responsible for the contracts
| faults, or debts of said corporation, shall
any mere informality in ITS organization have
| the effect of rendering this charter null o
| exposing a stakeholder to any liability be
yond the unpaid balance due of the shares o
| 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 tn
| provisions of sections Nos. and % OF Act
| No 267 of the General Assembly of the Stat,
OF Louisiana for the year 1914. In the even
| of the dissolution OF this corporation by tn,
| expiration of its charter otherwise, IT.
| business and affairs shall be wound up ant
| terminated by three liqudators to be elected
| by and among the stockholders at the meeting
| which decides TO liquidate. Said hquidatOr
| shall have full power and authority to Settl
| all the business and affairs of the corporation
| In case of the death or disability OF any o
| said liQuidators, the survivor or survivor
| shall appoint a successor or successors to hin
or them from among the stockholders.
| Article NII.-The subscribers hereto hav,
| respectively written opposite their names thu
| amount of stock in this corporation subscribed
for by each Of them, that this act of in
| corporation may also serve the origina
subscription list of said corporation.
Thus done and passed in my notarial offc
| in the City of New Orleans, i'll the presence
of W. Catesby Jones and William S Ed
| wards, competent witnesses who have sgnet
their names with said appearers and me, no
tary after due reading of the whole, tn
day, month and year first above written.
Original Signed IL. {. Whteman {
shares; +. a. Wilson 6 shares); Albert W
| Whiteman g shares); William ii. COwley q
shares). Witnesses: W. Catesby Jones an,
| William :. Edwards.
MEYER s. DREIFUS. Not Pub
j, the undersigned Recorder of Mortgages il
| and for the Parish of Orleans, State of Louis
lana, do hereby certify that the above AM
foregoing act of Incorporation of the New Or
| leans Electric Welding Company Incorporat
ed was this day duly recorded in my office
Book ll27, Folio Us. New Orleans, Febru
airy 10th, 1915
| EMILE ]. LEONARD, ID. r.
!, the undersigned Notary Public in an,
for the Parish of Orleans, City of New Or
| leans, State of Louisiana, do hereby certif
that the above is true and correct copy o
the original act of incorporation of the New
Orleans Electric Welding Company, Incor
porate and of the certificate of the Recorde
of Mortgages thereto appended to hold on hl
in my office. New Orleans, January -, 1915
MEYER s. DREIFUS, Not Pub
Feb 1928; Mich. 4-ll-lS-25.
CHARTER