The herald., 1915-06-24
CHARTER
C0MpANY INC

-<~A n
u 10 sno he presence of the witnesse.
~ ~ ~, o,med and undersigned, person
feins md appeared the persons whose
" es hereunto subscribed, who declared
.~s;y;ns themselves OF the provisions
4. laws Of the State OF LOUISIANA and
fner a. The State of Louisiana for the
n,esi thew have covenanted and agreed
H. these presents covenant, agree,
~ and constitute themselves as well
% other persons as may hereafter join
xss.me associated with them, into a cor
- and body polite IN law; Tor the
80 nd purposes and under the agree
1eer stioulations, following, to-wit:
srtTiE 1.-The name and style of this
Akl.s.nr shall be Higgins Engineering
Pc Inc" and under that name il
"A AVE and enjoy all the rights, advant.
md privileges granted by law to cor:
,.;sns II shall exist for period of
f,no;; r. wears from the date hereof; it
Th.ve power and authority to sue and
- n rs corporate name; 10 make and
so,norate seal and to break the same
.i.,snre: 70 hold, receive, purchase, con-
prortsase and hypothecate real, personal
n mixed property; to issue bonds notes
~ msnasers. officers, agents and employees
- ;cterest and convenience of said cor
-. nav require; and to make and es-
ti;sh such by laws, rules and regulations
-, corporate management and control
~ business and affairs of the corporation
LIZ, he deemed necessary and expedient.
pTIcTE 1.-THE domicile of this cor
na.;.r shall be in the City of New Orleans,
~ ~ louisiana. All citation and other
=, orooess shall be served on tie Presi-
= and in his absence on the Secretary
ErTICLE III-The objects and purposes
Inch this corporation is organized and
-. che hftsfufSS he carried on
y are hereby declared to be: to engage
~ buving, selling and manufacturing Of
banners. pumps, steam specialities, pat
q and machinery; and generally to do
a engage in any other business, under
80 or enterprise connected with or grow
ant Of and incidental TO the objects and
noses set forth or contemplated by this
kpTicIE IV-The capital stock of this
kscrstion is hereby fixed at the sum of
9 thousand (s5,OO0.00) Dollars, which cap
\ stock may be increased in the manner
a 100000 Dollars. Said capital stock
N Be divided into fifty shares of the par
~ n One Hundred Dollars each OF said
r;tal stock Two Hundred Dollars thereof
III be paid for in cash Immediately after
signing OF this act of Incorporation.
{ remaining Forty-eieht Hundred (s4,s0O-
Dollars of the capital stock of this cor
alton. viz: the capital stock subscribed to
lanes f. Higgins shall be paid for as
&ovs: for Thirty-one (3D shares of said
Dital stock the said James F. Higgins does
kusfer, assign, convey, setover and deliver
{tc the corporation all his right, title and
keresf in and to the following patents with
dated March 5lst, 1908, No. $500, dated
krrh 9TH, 1906 No. ,205 dated June 18th,
4 No e4.203 dated Oct 25rd, 1906 and No.
10 dated July END, 1902, all granted by
United States Government and issued
The United States Patent Office; and
Iich said patents and patent rights are ap-
kised and valued by the Board of Directors
yrinafter named as worth the sum of
3ry-one Hundred Dollars (s3,lOO.00); and
Seventeen I'D shares of said capital
|ck the said James F. Higgins does trans
porztion the following named burners,
NOS. and machinery, to-wit: 8 No. !
ners 8 Perfect burners, No. 2 burners,
No burners, 10 No. 4 burners, 81 No. S
rsers, cast iron receivers, IS cast iron
VI % cast iron nozzels, pump governors,
bed at 9o Magazine street, New Orleans,
!, thieh said burners, pumps and ma
)ney are appraised and valued by the
ard Of Directors hereinafter named as
III the sum Of Seventeen hundred (Sl,-
10 Dollars. All shares of stock shall
nsn-sssessable, and no transfer of stock
ID Be binding upon the corporation unless
~ upon its books. and all certificates of
Secretary. Treasurer Of the corporation.
1xnCLE V-No stakeholder OF this cor
1fipn may offer for sale, sell, assign
taasfer his stock in this corporation with.
swing to the other stockholders thirty
pfiof notice of such intention, which
~ eaalI be given in writing to the Presi-
~ the corporation and shall by said
ll1cnt be made known to the Directors
- corporation, and the other stockholders
have the privilege of purchasing said
= q the book value thereof for a period |
nnty days from the delivery Of said
= 70 the president.
k11CLE VI-All the corporate powers of |
nnpany shall be, vested in. and the
1Ument and control of its business and |
1s shall be exercised by, a Board of Di- |
-, composed Of three stockholders. A |
my OF the directors shall constitute /
~ tor the transaction of all business. |
az meeting of the Board of Directors at |
ner are only two members Of the |
Of Directors present. the absent Di- |
nay give to either of the two Direct
r>sent At said meeting a written proxy /
~ "a the name, place and stead of the /
D1rector upon any question that may
octore the said Board of Directors at /
particular meeting. The Directors shall
asesed annually by ballot beginning
ne hut Wednesday of the month OF 4
~ IN the year 1916. All elections shall
80 nuder such rules and regulations
y determined by the Board of Di- 4
out after at least ten days notice of
e<efion shall be given to each stock
y mail sent to his last known ad-
~ publication for at least three
ten days preceding such election
me daily English newspapers in
10y Of New Orleans. No failure to |
election shall be regarded as a for
e this charter. Any vacancy oc-
~ said Board Of Directors shall be
ne remaining Directors for the un-
efn The first Board Of Directors
Company shall consist of James r.
Tslding at 2lo Milan Street, New
Joseph Kaufman, residing at 1863
areef, New Orleans; and Carl c.
residing at 1851 Octavia street,
y,esns; with James F. Higgins as
and Joseph Kaufman as Secretary
% The three above named shall
~ me hrst Board of Directors and
until their successors are duly
ne Board of Directors shall after
sseuon select from their number q
~ snd z Secretary Treasurer.
~ Vino stakeholder shall ever
liable or responsible for the con-
a. lu or debts Of this corporation,
sny mere informality in its organ
=, ve tne effect of rendering this char
~ o. exposing stakeholder to any
s~yono tne unpaid balance due on
81 stock subscribed for by him.
~ q Incorporation may be changed,
altered, or this corporation may
~ ~ IN accordance with the provis-
Secsons Nos. and Is of Act No.
Seneral Assembly of the State of
icr the year 1914. In the event i
- tuition Of this corporation by the
IS charter or otherwise, its
~. ~ affairs shall be liquidated and
by three liquidators to be Sc
snd from among the stockholders
Ting which shall decide to liqui-
~ iiquidators shall have full power
~ ~ to settle all the business and
-. ne corporation. In case of death !,
Of any of said liquidators, the
= vivors shall appoint a sue
stockholders.
,<.-S yIiI-The subscribers hereto
written opposite their ]