The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-25

to break or alter at pleasure; to hold, re.
| ceive. purchase, convey, mortgage and hypo-
! thecate property, real, personal mixed; to
/ issue bonds, notes and other obligations; to
/ have and employ such managers, directors
| ot1cers 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 eNpedlent.
| Article 1.-THE domicile 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 presideutof said corporation, and in
! the absence Of both Of said officers, then on
| me secretary-trcasurer.
Article III.-The objects and purposes for
which this corporation i organized and the
nature of the business TO be carried on by Il.
are hereby declared 10 be: To do an electric
welding business OF all kinds; 10 furnish air;
to own and operate barge bargeS for the
purpose Of making general repairs OF all kinds
To ships steamers, or any and all kinds OF
steam plants; 10 do any and all kinds OF
steel and iron repair work; to own and
! operate tow boats; 10 own and acquire all
needed equipment for the purposes Of its
business and generally 10 do and engage in
any other business, undertaking enterprise
10 any OF the objects and purposes herein
above set forth or contemplated by this
charter.
Article IV.-The capital stock Of this cor
Porauon IS hereby fixed At the sum Of ten
thousand dollars 100000 divided into
forty shares Of the par value OF TWO hundred
and fifty dollars (S-SOlO) each, which shall
be paid for IN cash on the call OF the Board
OF Directors, may be issued at not less than
par tor property purchased by or services &c
tually rendered to said corporation, provided
that this corporation shall be a 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 lncorpora-
ton. All shares OF stock shall be full paid
and non-assessable. 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 Board Of Directors,
composed OF three stockholders. A majority
OF the directors shall constitute a quorum
Tor the transaction OF all business. The dIrec-
tors shall be elected annually by ballot
beginning on the FIRST 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 stoCkholder by mail
sent TO his last known address by publ
cation LOT Al lcaSt 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
ONCE for one year until their successors |
shall have been duly elected and qualified |
No failure 20 hold election shall be re- |
gdrded 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 hrst Board OF Direc- !
tors of this corporation shall consist OF Albert
". NhIteman, residing at 1870 Camp Street, |
New Orleans, La, as president; Frederick A. |
Wilson, residing at SOS Laurel street, New |
Orleans, La, as vice-presldent, and William |
Henry Cowley, residing at ojS Washington |
avenue, New Orleans, La, as secretary-treas- |
urer. The three above named shall constitute
the hrst Board OF Directors and shall serve |
until their successors IN ottiCe are duly elect
ed. The Board Of Directors shall after each
election, select from their number a presIdenl,
vIce-president and secretary treasurer.
Article Vino stockhoider shall ever be
held liable or responsible tor the contracts,
faults, or debts OF said corporation, nor shall
any mere informality in ITS organization have
,he effect OF rendering this charter null or of |
exposing a stockhoder 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,
may be dissolved in accordance with the
provisions of sections Nos. and 3 of Act.
No. 57 OF the General Assembly of the State
OF Louisiana for the year 1914 In the event
/
expiration OF its charter or 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 liquidators
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 successors to him
or them from among the stockholders.
Article Willie subscribers hereto have
respectively written opposite their names the
amount OF stock in this corporation subscribed
tor by each OF them, so that this act of in
corporation may also serve as the original
list OF said corporation.
thus done and passed my notarial Office
IN the City of New Orleans, in the presence
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
day, month and year first above written.
Original Signed) II. c. Whiteman Is
shares; F. A. Wilson g shares); Albert w
" hiteman q shares); William H. Cowley III
shares). Witnesses: w. Catesby ZONES and
William s. Edwards
MEYER s. DREIFUs. Not. Pub
/. 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-
I'd was this day duly recorded in my office,
Book ll27, Folio rs New Orleans, Febru.
airy 10th, 1915.
EMILE J. LEONARD, D. R.
|, the undersigned Notary Public in and
Tor the Parish OF Orleans, City of New Or
cans, State OF Louisiana, do hereby certify
hat the above is true and correct COPY Of
he original act of incorporation of the New |
Orleans Electric Welding Company, Incor.
oorate and OF the certificate of the Recorder
II Mortgages thereto appended to hold on file
n my office. New Orleans, January =, 1915
MEYER S. DREIFUS, Not. Pub,
Feb 1873; Mch. 4-ll-ls-2s.
CHARTER