The herald. [volume] (New Orleans, La.) 1905-1953, 1915-05-27
CHARTER
HIGGINS ENGINEERING COMPANY INC

HlGGlNS ENGINEERING COMPANY INC
Ohited states OF America, State of Louisi-
ana, farish OF Orleans, City Of New Orleans
lie II known, that this 18th day of
May, 1915, before me, Herbert w Kaiser. a
Notary PUBLIC, duly commissioned and quail
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, availing themselves of the provisions
of the laws of the State of Louisiana and
particularly OF Act No. 267 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 well
as Such other persons as may hereafter join
and become associated with them into cor
poTation and body polite in law. for the
objects and purposes and under the agree
ment and stiPulations, following, to-wit:
ARTICLE THE name and style of this
corporation shall be Higgins Engineering
Company, lnc:, and under that name it
shall have 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: it
shall have power and authority to sue and
be sued IN its corporate name; to make and
use 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
poratOn may require; and to make and es-
tablish such by laws, rules and regulations
for the corporate management and control
OF the business and affairs of the corporation
may be deemed necessary and expedient.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Orleans,
State of Louisiana. All citation and other
legal process shall be served on TIE Presi-
dent and in his absence on the Secretary
Treasurer
ARTICLE III-The objects and purposes
tor Nahtr frnrr typI a,,A
the nature of the business to he carried on
by it are hereby declared to be: to engage
in, the buying, selling and manufacturing of
oil burners, pumps, steam specialities, pat
terms and machinery; and generally to do
and engage in any other business, under
taking or enterprise connected with grow
ing out of and incidental to the objects and
purposes set forth or contemplated by this
charter.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum Of
Five Thousand (S50O0.O0 Dollars which cap
ital stock may be increased in the manner
provided by law to the sum of Fifty Thou
sand (S500O0.OO Dollars. Said capital stock
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
capital stock the said James F. Higgins does
transfer, assign, convey, setover and deliver
unto the corporation all his right, title and
interest in and to the following patents with
reference TO Hydrocarbon-b burners: No. 724,-
oOs, dated March 3lst, 1908, No. 5000. dated
March 9th. 1906, No. 7o2,205 dated June 18th,
1905. No. 4203 dated Oct. 25rd. 1906, and No.
70ss50 dated July 22nd. 1902. all granted by
by the United States Patent Office: and
Patent No. 54Ol OF the Republic of Mexico,
which said patents and patent rights are APP
praised and valued by the Board of Directors
hereinafter named as worth the sum OF
Thirty-one Hundred Dollars (S3,lO0OO; and
for Seventeen O7) shares of said capital
stock the said James F. Higgins does trans
fer, convey. setover, and deliver unto the
corporation the following named burners,
pumps, and machinery, to-wit: No.
burners, 8 Perfect burners, 6 No burners:
IS No. burners, 10 No. burners, - No
burners, cast iron receivers, Is cast iron
pans, 30 cast iron nozzels, pump governors,
located at 922 Magazine street, New Orleans,
chinery are appraised and valued by. the
Board of Directors hereinafter named as
worth the sum of Seventeen hundred (sl,.
10000 Dollars, All shares of stock shall
be worcestershire, and 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 and
the Secretary Treasurer of the corporation.
ARTICLE V-No stakeholder of this cor
poration may offer for sale, sell, assign
or transfer his stock in this corporation with
out giving to the other stockholders thirty
days prior notice of such intention, which
notice shall be given in writing to the Presl.
dent of the corporation and shall by SAID
President be made known to the Directors
of the corporation, and the other stockholders
shall have the privilege of purchasing said
stock at the book value thereof for period
of thirty days from the delivery of said
notice to the president.
ARTICLE VI-All the corporate powers OF
this company shall be vested in, and the
management and control of its business and
affairs shall be exercised by, Board OF Di-
rectors, composed of three stockholders. A
majority of the directors shall constitute a
quorum for the transaction OF all business.
At any meeting of the Board of Directors at
which there are only two members OF the
Board of Directors present. the absent Di-
rector may give to either of the two Direct
ors present at said meeting written proxy
to vote in the name, place and stead OF the
come before the said Board of Directors az
that particular meeting The directors snail
be elected annually by a ballot beginning
on the first Wednesday of the month. OF
/ be held nuder such rules and regulations
as may be determined by the Board of Di,
rectors but after at least ten days notice OF
such election shall be given to each stock
holder by mail sent to his last known adj
dress or by publication for at least three
times in ten days preceding such election
in one of the daily English newspapers in
the city of New Orleans. No failure to
hold an election shall be regarded as for
fixture of this charter. Any vacancy, oc'
curing in said Board of Directors shall be
filled by the remaining Directors for the I'M
expired term. The first Board of Directors
of this Company shall consist OF James r.
Higgins, residing at 2l20 Milan Street, New
Orleans; Joseph Kaufman, residing at l669
Robert street, New Orleans; and Carl c.