The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-18
CHARTER
OF NEW ORLEANS ELECTRIC WELDING
COMPANY, INCORPORATED
CHARTER

month of January, in the year one thousand
nine hundred and fifteen.
Before me, Myer Samuel Dreifus, a Notary
Public in and for the Parish Of Orleans, duly
commissioned and qualified, and in the pres
ence of the witnesses hereinafter named and
undersigned: Personally came and appeared.
The persons whose names are hereunto sub
scribed who declared that availing themselves
of the provisions of the laws of this State
and particularly Act No. 267 of the General
Assembly of the State of louisiana for the
have convenanted and agreed. and do by
these presents covenant, agree, bind, form.
and constitute themselves, well as, such
other persons may hereafter join and be-
come associated with them into a corporation
and body polite IN law, for the object and
purposes and under the agreement and stpu-
latiOns, following to-wit:
Article The name and style of this cor
poTation shall be the New Orleans Electric
Welding Company, Incorporated and under
that name II shall have and enjoy all the
rights, advantages and privileges granted by
law TO corporations. II shall exist for a
period of ninety nine years from the date
hereof; 1t shall have power and authority to
sue and be sued in its corporate name; to
make and use corporate seal and the same
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,
officers, agents and other employees as the
Interest ana convenience oil SdlO 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 eNpedient.
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 prcsdentof said corporation, and in
the absence OF both of said officers, then on
the secretary treasurer.
Article III.--The objects and purposes for
which this corporation is organized and the
nature of the business TO be carried on by 1t,
hereby declared to be: To do an electric
welding business OF all kinds; to furnish air
TO own and operate a 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
any other business, undertaking or enterprise
connected with growing out of incidental
to any of the objects and purposes herein
above set forth or contemplated by this
charter.
Article IN.-The capital stock of this cor.
pOratiOn 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 (S2S0.O0) each, which shall
be paid for in cash the call of the Board
of Directors, or may be issued at not less than
par for property purchased by or services
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-
tion. 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
ylce-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 a Board of Directors,
composed of three stockholders. A majority
OF the directors shall constitute a quorum
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 stakeholder by mail
sent 10 his last known address by publ
cation for at 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
office for one year or until their successors
shall have been duly elected and qualified
No failure to hold an election shall be re-
garded 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 first Board of Direc-
tors OF this corporation shall consist of Albert
W. Whiteman, residing at 1920 Camp Street,
New Orleans, La, as president; Frederick A.
Wilson, residing at 1923 Laurel street, New
Orleans, La, as vice-president, and William
Henry Cowley, residing at 63S 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 Office are duly elect
ed. The Board of Directors shall after each
election, select from their number a president,
vice-president and secretary-treasurer.
Article Vino stakeholder shall ever be
held liable or responsible for the contracts,
faults, or debts of said corporation, nor shall
any mere informality in Its organization have
the effect OF rendering this charter null or of
exposing stakeholder 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-
ned, or altered, or this corporation
provisions of sections Nos. 6 and Is of Act
No 2b7 of the General Assembly of the State
OF louisiana for the year 1914. In the event
OF the dissolution of this corporation by the
expiration OF its charter 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
winch 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
sara liquidators, the survivor or survivors
shali appoint successor or successors to him
or them from among the stockholders
Article NlI.-The subscribers hereto have
respectively written opposite their names the
amount OF stock IN this corporation subscribed
ior by each OF them, so that this act of in
corporation may also serve as the original
subscription list of said corporation
mus done and passed in my notarial Office
IN the City OF New Orleans, in the presence
OF W. Cstesby 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 SignedD II. c. Whiteman 8l
shares); r. A. Wilson g shares); Albert vi. |
WhIteman g shares; William II. Cowley nj |
shares Witnesses: w. Catesby Jones and
William s. Edwards
MEYER S. DREIFUS, Not. Pub.
i; 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- |
Cd was this day duly recorded in nv Office |
BOOK III, Folio 79S. New Orleans, Febru.
ary 10th, 1915
EMILE J. LEONARD, d. R.
l, the undersigned Notary Public in and
or the Parish of Orleans, City of New Or,
cans, State Of louisiana, do hereby certify
nat the above is true and correct COPY Of
ne original act Of incorporation of the New
Irleans Electric Welding Company, Incor-
orate and of the certificate of the Recorder
I mortgages thereto appended to hold on file
my othce New Orleans, January :, 1915.
:, MEYER S. DREIFUS, Not. Pub.
& hlt.