The herald., 1915-05-20
CHARTER
HIGGINS ENGINEERING COMPANY INC

May Is 70 y june 10
CHARTER
HIGGINS ENGINEERING COMPANY, INC !
United States Of America, State of Louisi-
ana, Parish OF Orleans, City of New Orleans |
BE IT known, that this 18th day of |
May, 1915, before me, Herbert W. Kaiser, a
ned 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, awaiting themselves of the provisions |
of the laws OF the State Of Louisiana and
particularly of Act No. POI 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 as we'll |
as such other persons may hereafter join
and become associated with them, into a cor
Poration and body polite in law, for the
objects and purposes and under the agree
ment and stipulations following, to-wit:
ARTICLE 1.-The name and style of this
corporation shall be Higgins Engineering
Company, Inc and under that name it
shall nave 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; il
shall have power and authority TO sue and
be sued in its corporate name; to make and
use a 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
the interest and convenience OF said cor
poratiOn may require; and to make and eS-
tablSh 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 domicle Of this
poration shall be in the City of New Orleans,
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 j. organized and
| the nature of the business to he carried on
I by il 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 enterprise connected with or grow.
| ing out of and incidental to the objects and
purposes set forth or contemplated by this
ARTICLE Iv-The capital stock of this
Five Thousand CS5,OO0OO Dollars, which cap
ital stock may be increased in the manner
provided by law to the of Fifty. Thou
shall be divided into fifty shares of the par
| 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-eight Hundred (s4,SOO.-
00 Dollars of the capital stock OF this COR
poration, viz: the capital stock subscribed to
by James F. Higgins shall be paid for as
follows: for Thirty-one GID shares OF said
capital stock the said James F. Higgins does
transfer, assign, convey, setover and deliver
interest in and TO the following patents with
reference to Hydrocarbon- burners: No "a,
O0S, dated March 3lst, 1903. No. $500. dated
March 9th, 1906, No: 792,2O5 dated June 18th,
1905. No S54, 2O5 dated Oct 23rd. 1906, and No.
7O5, $50 dated July END, 1902, all granted by
the United States Government and issued
aud
Patent No. 54Ol of the Republic of Mexico,
which said patents and patent rights are ap-
praised and valued by the Board OF Directors
Thirty-one Hundred Dollars (S5l0O00; and
for Seventeen 07O shares of said capita!
stock the said James F. Higgins does trans
corporation corr the following named burners:
pumps, and machinery, to-wit: NO.
| burners Perfect burners, No. burners,
IS No. 3 burners, 10 No. burners, 81 NO.
I | burners 2 cast iron receivers, Is cast iron
pans, 80 cast iron novels, pump governors
, located at 922 Magazine street, New Orleans
La, which said burners. pumps and ma
chinery are appraised and valued by, the
Board of Directors hereinafter named as
worth the sum of Seventeen hundred ISL.
10000 Dollars. All shares of stock shall
: shall be binding upon the corporation unies;
made upon its books and all certificates o.
: stock shall be signed by the President and
! the Secretary-Treasurer of the corporation
Y ARTICLE V-No stakeholder of this cor
) poration may offer for sale, sell, assigr
I or transfer his stock in this corporation with
: out giving to the other stockholders thlItiS
: DAYS prior notice of such intention, Thicf
{ notice shall be given in writing to the Presl
: dent of the corporation and shall by salC
President be made known to the Directors
of the corporation, and the other stockholder
shall have the privilege of purchasing sal'
stock at the book value thereof for a perio'
d of thirty days from the delivery OF sai'
I "O aRTICLE VINAli the corporate powers o
\ this company shall be vested in, and TN
= management and control of its business ant
\ affairs shall be exercised by, Board OF III
rectors composed of three stockholders.
|, majority of the directors shall constitute
!. quorum for the transaction of all business
At any meeting of the Board of Directors a
which there are only two members OF IN
: Board of Directors present, the absent ID
!. | rector NAV give to either of the two Direct
: | ors present at said meeting written proX
I, to vote in the name, place and stead OF Tn
come before the said Board OF Directors
: that particular meeting The Directors shal
;, be elected annually by ballot 6eg,1hnin !
d January in the year 1916. All elections shall
= be held nuder such rules and regulati9nn
n as may be determined by the Board OF "
i rectors but after at least ten days notiee
d such election shall be given to each STOCK
n holder by mail sent to his last known ao
dress or by publication for at least tnre
times in ten days preceding such electro
!, the city of New Orleans. No failure I
J. hold an election shall be regarded as foi
II fixture of this charter. Any vacancy, %
It curing in said Board OF Directors snail y
It expired term The first Board OF Director
of this Company shall consist OF James
Higgins, residing at 2l2O Milan Street, Ne,
y Orleans; Joseph Kaufman, RESIDING al ios
i Robert street, New Orleans; and Carl