The herald., 1915-03-04

and constitute themselves, as we'll as, sucl
other persons as may hereafter }oin and be
come associated with them into corporation
, and body polite in law, for the object AM
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 Electro
Welding Company, Incorporated and unde
that name il shall have and enjoy all tn,
rights, advantages and privileges granted 10y
law TO corporations. Ii shall exist for
period OF ninety-nine years from the dat,
hereof; 1t shall have power and authority t,
sue ard be sued in its corporate name; I,
make and use corporate seal and the saml
| To break or alter at pleasure; to hold, re
/ ceIve, purchase, convey, mortgage and hypo
thecate property, real, personal mixed e
| issue bonds. notes and other obligations: l.
have and employ such managers, directors
! officers, 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 may be
deemed necessary or eNpcdient
! Article 1.-The dOmiclc of said corporation
! shall be IN the City OF New Orleans, State OF
| Louisiana. All citation and other legal pro-
| cess shall be served the president and on
| the vice presidentof said corporation and in
/ the absence OF both of said officers, then on
! the secretary
| Article IlI.-The objects and purposes for
which this corporation Is organized and the
! nature OF the business to be carried on by il,
| are hereby declared to be: To do an electric
welding business OF all kinds to furnish air;
to own and operate barge or barges 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 10 do and engage in
In.wN Il
connected with or growing out of incidental
TO any of the objects and purposes herein
above set forth or contemplated by this
charter.
Article IV.-The capital stock of this cor
poration Is hereby fixed at the sum of ten
thousand dollars (Sl0GOOO), divided into
forty shares OF the par value of two hundred
and fifty dollars (S25OUOJ each which shall
be paid for in cash the call Of the Board
OF Directors, or may be issued at not less than
par tor property purchased by 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 inCOrpora-
ton. All shares of stock shall be full paid
and worcestershire. 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 |
vIoe-preSIdent and the secretary treasurer OF
the corporation.
Article N.-All the corporate powers of this !
company shall be vested in, and the manage. |
meut 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
for the transaction OF all business. The direc-
tors shall be elected annually by a ballot
beginning on the hrst 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 bu,
after at least ten days notice of such election
shall be given TO each stakeholder by mail
sent TO ms last known address or by publ
cation for Al least 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
btnce tor one year or until their successors
shall have been duly elected and qualified
No failure to hold an election shall be re-
}arded as a forfeiture OF this charter. ANY,
vacancy occurring said Board of Directors
shall be hlled by the remaining Directors for
he uneXpred term. The first Board of Direc-
orS OF tins corporation shall consist OF Albert
". Nhlteman, residing at 1920 Camp Street,
New Orleans, La, as president; Frederick a.
v llson, residing at 5o25 Laurel street. New
orleans, La, as vice-president, and William
henry Cowley, residing at 655 Washington
venue, New Orleans, La, as secretary treas
lrer. The three above named shall constitute
he FIRST Board OF Directors and shall serve
lntll their successors IN office are duly elect
d. The Board of Directors shall after each q
I
ice-preSident and secretary treasurer.
Article Vino stakeholder shall ever be 9
eid liable or responsible for the contracts,
aults, or debts of said corporation nor shall Q
ny mere informality in Its organization have q
he effect OF rendering this charter null or of ,
xposing a stakeholder to any liability be- )
ond the unpaid balance due of the shares OF .
took owned by him. This act of in
ed, altered or this corporation /
ray be dissolved in accordance with the
rovIsions of sections Nos. and Is of Act. I
20. 2oI OF the General Assembly of the State b
I louisiana for the year 1914 In the event |
I the dissolution OF this corporation by the d
EXPIRATION OF its charter otherwise, its Z
usiness and affairs shall be wound up and Il
by three liquidatOrs to be elected c
y and among the stockholders at the meeting Il
INCH decides to liquidate. Said liquidators
hall have full power and authority to settle b
II the business and affairs of the corporation. t;
n case OF the death or disability OF any of Il
nd lquidators, the survivor or survivors
lali appoint successor successors to him b
them from among the stockholders. fC
Article Nll-The subscribers hereto have ST
,spectively written opposite their names the n
mount OF stool in this corporation subscribed IT
n by each OF them, so that this act of in II
'Tporation may also serve the original
Inscription list of said corporation V,
Thus done and passed i'll my notarial office a
the Clty OF New Orleans, i'll the presence
W. Catesby Jones and William 5. Ed al
ards, competent witnesses who have signed is
~'' WIN Sdiu dpptd1cIS ana me, no. q
ny after due reading of the whole. on the ii
~, month and year first above written OF
Original Signed ii. c. Whiteman 6 be
ares); +. a. Wilson 6 shares; Albert ", BY
hiteman g shares; William II. Cowley Qi nj
aTes). witnesses: w. Catesby Jones and tn
lillian ;. Edwards. at
MEYER S. DREIFUS, Not. Pub. co
|, the undersigned Recorder of Mortgages in vi
i'd for the Parish of Orleans, State of Louis. ca
ma, do hereby certify that the above and tn
regoing act of Incorporation of the New Or. tn
ans Electric Welding Company Incorporat- lie
was this day duly recorded in my office. ca
'ok llH, Folio 795. New Orleans, Febru,
y 10th, 1915 ii,
EMILE J. LEONARD. ID. r. co
|, the undersigned Notary Public in and tic
the Parish OF Orleans, City of New Or or
ans, State of Louisiana, do hereby certify oh
at the above is a true and correct copy of to
: original act of incorporation of the New du
leans Electric Welding Company, Incor-
rate and of the certificate of the Recorder al:
Mortgages thereto appended to hold on file tn
my office. New Orleans, January =, 1915 III
MEYER s. DREfFUS, Not. Pub. fol
b 1928; Mch. 4-1l-l8-25