The herald. [volume] (New Orleans, La.) 1905-1953, 1915-06-17
CHARTER

.ss. PsnSn that on inns iElh uay oi
Be tx before me, Herbert W n5iser ,,; a
Nsy Public, duly PIqisb and State afore-
"a n ano he presence OF the witnesses
"a and 10 I'D and undersigned, person
s,resnsftef ma anpeared the persons whose
XIV cane sans,,nto subscribed, who declared
ssnes arc ;na themselves Of the provisions
ID The laws Act No 267 Of the General
s.dicplany he State of Louisiana for the
Assembly q d. have covenanted and agreed,
20 1915 ,bese presents covenant, agree,
VA DO Dy Il constitute themselves as well
..nd, form ~ oersons as may hereafter join
such on associated with them, into a cor
lrd and body polite IN .aWi LOT tne
9!sl,s and purposes ana uiiue' [l1 agree
hest ana Tf~The name and style OF this
Article Kali be Higgins Engineering
rporation IT, and under that name 1t
[orP,ny, md enjoy all the rights. advant-
bsn nse or;yileges granted by law TO cor.
uts az Il shall exist ior perioa OF
ronhons. years from the date hereof; II
rreiy.nine ,,wer and authority to sue and
hsll na;:s ,ts corporate name; 10 make and
suea ~ seal and to break the same
1x eolP 20 hold, receive, purchase, con-
g pleasa,s,,s and hypothecate real, personal
~ nolaS property; 10 issue bonds, notes
% n,bsr Obligations; to nave ana employ
ne -.snaeers, oihcerS' agents anu eHIPiO
prh nta,s,est and convenience OF said cor
q ne nav '.S require: and to make and es-
N1iien - by laws, rules and regulations
pbhsn ss sa,norate management and control
10 tnes;ness and affairs OF the corporation
nc - deemed necessary and eNpedIent.
n1TlI 1.-THE domicile OF this cor
A. shall be in the City OF New orleans,
boznon. 'Iousiana. All citation and other
krfe 81 shall be served on the Presi-
el pa IN his absence on the Secretary
lr,srr5TecTI III-The objects and purposes
NIL This corporation rs organized and
s..,re OF the business to he carried on
= ~, hereby declared to be: to engage
y. having. selling and manufacturing of
2 nc osgs bumps, steam specialities, pat
v.rd machinery; and generally 10 do
rn 49, in any other business, under
1nc 49, .,,erprise connected with or grow
sfns a. and incidental to the objects and
!,S ~. set forth or contemplated by this
h,SrsTic,r Iv-The capital stock of this
huhAi.,;on Is hereby fixed at the sum of
~ iTf1s,.orsand (SS,OO0OO) Dollars, which cap
~ ~ 10y NAV be increased in the manner
1870 nv law 10 the sum OF Fifty Thou
"a esn1in0OO Dollars. Said capital stock
s.u X divided into fifty shares of the par
- ~. a One Hundred Dollars each. OF said
~ In1..i .tock Two Hundred Dollars thereof
A. .
~ .;sryng of this act of Incorporation.
~ ,sr.ining Forty-eight Hundred "a, 800
l,s n.llsrs OF the capital stock of this cor
-..;sn viz: the capital stock subscribed to
Y lanes F. Higgins shall be paid for as
.,i..s. for Thirty-one (3D shares of said
,'s;,,i stock the said James F. Higgins does
.s,sf,r. assign, convey, setover and deliver
~. n, corporation all his right, title and
y. ...s,,st IN and to the following patents with
..i.,.ree to Hydrocarbon- burners: No. 724,-
= s,t,d March 3lst, 1908. No. Sl6,470, dated
S,,rh Tth. 1906, No. 792,20S dated June 18th,
Il No Sa,2O5 dated Oct. 23rd, 1906, and No.
no dated July End, 1902, all granted by
= ne United States Patent Office: and
I,.rt No. s4Ol of the Republic of Mexico,
.S;,b said patents and patent rights are ap-
,ri,ed and valued by the Board of Directors
Errnafter named as worth the sum OF
7siryone Hundred Dollars tS,l0O0O; and
II Seventeen (l7D shares Of said capital
nj the said James F. Higgins does trans
= convey, setoyer, and deliver unto the
orprstion the following named burners,
mos. and machinery, to-wit: 8 No.
rrrers, Perfect burners, No. burners,
M 8 burners, 10 No. burners, 81 No. S
Erprrs, 2 cast iron receivers, IS cast iron
MS % cast iron nozzels, pump governors,
lzied at 92 Magazine street, New Orleans,
u. which said burners, pumps and ma
Snery are appraised and valued by the
Esrd Of Directors hereinafter named as
min the sum Of Seventeen hundred (sl,-
mo- Dollars. All shares of stock shall
( non-sssessable, and no transfer of stock
d,n Be binding upon the corporation unless
usSt upon its books and all certificates of
al sSall be signed by the President and
Il Secretary Treasurer of the corporation.
ARTICLE V-No stakeholder Of this cor
pntan may offer for sale, sell, assign
euznsfef his stock in this corporation with
q rying to the other stockholders thirty
kB prior notice of such intention, which
rdr shall be given in writing to the Presi:
ut Of the corporation and shall by said
luident be made known to the Directors
4 be corporation, and the other stockholders
al have the privilege of purchasing said
MI Il the book value thereof for a period
hiry days from the delivery of said
10 % the president.
nrIcLE VIAL the corporate powers of
= Company shall be vested in, and the
enasement and control of its business and
dsin shall be exercised by, Board of Di-
ndnn composed Of three stockholders. A
niuity Of the directors shall constitute
qrrn for the transaction of all business.
4 my meeting Of the Board of Directors at
nh there are only two members of the
ND Of Directors present, the absent Di-
mn may give to either Of the two Direct
- present at said meeting a written proxy
l.
Int Director upon any question that may
- before the said Board Of Directors at
- PARTICULAR meeting. The Directors shall
e!erted annually by a ballot beginning
ne hrst Wednesday of the month of
frzy m the year 1916. All elections shall
lsid nuder such rules and regulations
nay be determined by the Board of Di-
I'M but after at least ten days notice of
~ election shall be given TO each stock
- by mail sent to his last known ad-
- o. By publication for at least three
- N ten days preceding such election
's Of the daily English newspapers in
av o. New Orleans. No failure to
nm Of this charter. Any vacancy &C.
nng IN said Board of Directors shall be
y the remaining Directors for the I'm
- tsfm The first Board of Directors
Company shall consist of James F.
ns residing at 2i2o Milan Street, New
street, New Orleans; and Carl c.
s(ef, residing at 1851 Octavia street,
Weans; with James F. Higgins as
t and Joseph Kaufman as Secretary
The three above named shall
luk the hrst Board of Directors and
until their successors are duly
~ ine Board of Directors shall after
aecfion select from their number
1s<s,1s and a Secretary Treasurer.
'ilSS Vll-No stakeholder shall ever
~ liable or responsible for the con-
nults or debts of this corporation,
- ~ any. mere informality in its organ
law the effect of rendering this char
1871 q OF exposing a stakeholder to any
~ beyond the unpaid balance due on
'es OF stock subscribed for by him.
%{<s3 o. Incorporation may be changed,
a o. altered, or this corporation may
psed IN accordance with the provis-
xestions Nos. and 28 of Act No.
ue General Assembly of the State of
tcr the year 1914. In the event
ussoiution Of this corporation by the
Of its charter or otherwise, its
-. snd affairs shall be liquidated and
BY three liquidators to be Sc
and from among the stockholders
eeeting which shall decide to liqui-
..s SSoen liquidators shall have full power
4, " ny to settle all the business and
&.eg;,tne corporation. In case of death
1.css OF any of said liquidators, the
~ !. survivors shall appoint a sue
- q successors to him or them from
-fS$E stockholders.
- 49, viil-The subscribers hereto
peetiveiy written opposite their