The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-02
ARTICLES OF Incorporation
PUBLIC SERVICE CO., INC.
ARTICLE 7

b month - 'Tp s, that on this 18th dav of n
! nine hundred and sixteep one thousan
IN n ManIon, notary public 49, nd
nlSSi0ned and qualified in and f., ~ eoi 1
, amd ,ue PARISH OF Orleans, therein Tesid;nr
ana IN the presence of thu v,itro.H. iesIuins
! after named and understood nerein
NAtie the persons whose names AZ. L!i
subscribed, who declared thai avs;I;t' . Iuil
Oh me provisions of the laws of ~;
lions H., 10 me organization of CORPORA
"'ey nave coyenanted and agreed or,
no. oy these presents, covenant "a aii'
OIhd form and constitute themselves asIee
- b buCH othef persons as may hereafter 90,
or become associated with Then, 80 JON
poration and body polite in isu, M M cor
ooJe.ls ana purposes, and under the go
| anu sIlpuiationS following to.w;t.
| IniulIe Inc name and title OF This co-
poration shall be Public ServiC. - ''iiS cor
and under that name it shall bav. -, inc
az lhe rights, advantages and nriv;I.1ra,,
! sId"Led oy Ia" 10 corporations; il shall -.
| T. Pe''od OF ninety nine years from, 81.
SO. .'J eGl' II snail have power to contract
IT anu oe sued in its corporate name. 80
! MAKE ana use corporate seal, and m. - ~
! 70 o'edA or alter at pleasure; 10 hcIJ @
( - pun Shdse, convey, mortgage and Nv
| - -. properly real, personal and mixed
| ~ iuo Oonds' notes and other obligatior,s
70 nave and employ such managers $3.50
-"u o'ier employees as the interest and -
semcnCe oil SAID corporation NAV 80. eol'-
80 ana 10 make and establish bylaws
Z fa M
-seiheht ana control of the affairs Of N. "a
o.4Ipans As may be deemed necessary or rr-
Article 3.-The domiciIe Of said ..-
ton shall be in the civ of NJ u corpora
HLa'e OF louisiana, and all citations -
"Nle' ieBaI process shall be served n, a.
PRESIDENT and in his absence ON III ae
p.uS.ueH' OF me corporation. and in the ali.
urer. ''N'e'diy or treas
Article THE objects and pprnosos g.
' -m,Cn li's corporation IS organized and IN.
, - OF inc business to be carried ON bv j.
are hereby declared to be: TO conduct , y.,, -
erdI business for the collection ~ Iii
notes accounts rents and indebtcdnesscs %
H"S nature whatsoever; 10 make r1ercan+,I.
.CR"'Ie OF me credit and standing of indi
IH"HiA' HIhS and corporations; to acU,,i-.
ny purchase, or otherwise, and N o,,sI L. -
SCI! mercantile accounts, notes, chooses ~
ACTION judgments, real estate and otber Ind
OF property. 'N' Minus
To procure skilled and unskiIIed r,ho- so-
wants and clerks for individuals n,r. 80
ShipS or corporations; TO engage in the rc51
1S.a'e business as agents, 10 buy, sell and
81 IedI estate generally; TO conduct A zen |
SuNeFuslng business for account Of in !
diyiduals, trrls and COrporatisrs. Ia 80, - |
PuoIlcity work of all kinds and descrintions
ioT the purpose OF developing and nronatIrI
' ,ne ousinesS ana concerns OF those contract.
ing WIN TINS corporation; to exploit tbs;-
55'efPrisrs' efforts or undertakings, and n
40 an things necessary, proper and inciden
al 10 successfully carry on the abeve W.
,.J >, oDIestS This corporation is author
zed 10 establish branches or subsidiaries |
anywhere in the United States.
Article S.-Jhe capital stock of this cor.
,orauon Is hereby fixed at the sum of 6ve
housand dollars ($5,OOOOO). and the said
apital stock to the sum OF fifty thonssnd JnII
airs SoOUOOO), divided into shares Of m.
ar value Of twenty-five dollars CS2sOO neI
mare which shall be paid for in cash, or
10y DC issued at not less than par for ser
zee rendered TO, or property actually mr..
haSed, or acquired, by said corporation
All shares OF stock shall be full paid and
on, aSsessable. No transfer of stock shall Z
oiHGlhg upon the corporation unless made (
pom ITS books. The corporation shall he n I
'Ing concern and shall be authorized 10 com I
renee business when twenty-five hundred 5
oIlars G2,SOOO) of the capital stock shall q
ave Oeeh SUBSCRIBED and when twelve hun
red and nifty dollars Isl, $4,000 OF the said I
lpltal stock shall have been actually paid
Article 6-All the corporate powers of this n
'iIpany snail be vested in and exercised by c
board OF directors, composed OF not more II
IAN seven and not less than three stockhold- 6
s. 'he majority of whom shall constitute 6
forum LOT the transaction of all business G.
ne hrst board OF directors of this corpora v
on shall be elected on Monday 18th dav az Fl
,oruary, nineteen hundred and sixteen. and Il
GREATER said directors shall be elected an | b
lally on the third Monday in January OF a
en- year, by ballot of the stockholders Each 81
ockholder shall be entitled, in person or nv
1tten proxy, TO one vote on each share Of OF
ock standing IN his name on the books of b,
company. All elections shall be held "a
der such rules and regulations as may be h
by the board of directors hut 10
Ter at least ten days notice of such elec. N
IN snail have been given to each stock il
lder, at his last known address, or by pub OF
alton IN one OF the daily newspapers pub
he'd in the city of New Orleans. for a, m
-, g.
ction. e.
The directors thus elected shall continue in /,
ce tor one year, or until their successors r
Ill have been duly elected and qualified NJ
failure to hold an election shall be re. sh
ded as forfeiture of this act of incor- %
ation: Any vacancy occurring on said
lrd of directors shall be filled by the re- sh
lining directors for the unexpired term. by
aid board OF directors shall, at its first OF
eting, select from its number a president, wi
,ice-president, secretary or treasurer, or tai
h, who need not be stockholders. The FIR
&c of secretary or treasurer NAV be COM ac,
ed with that of any other Office, in the ed
erection Of the board. Said board of d. the
tors shall have the right and power to an
oint and dismiss all managers, agents and pal
er employees OF the corporation, includ- an
the secretary, or treasurer, who NAV not to
stockholders, as conditions may Justify per
the business of the corporation may re- an,
rticle NO stakeholder shall ever be an,
liable or responsible for the contracts, to
rs or deots OF said corporation, nor shall will
{ informality in its organization have the of
CT OF rendering this act of incorporation for
/, or OF exposing any stakeholder to liza A
ty beyond the unpaid balance due on the attic
es of its stock owned by him. Iby,
rticle 8-This act of incorporation may fou
changed, modified or altered, or this cor S
tlon may be dissolved with the assent pur
he stockholders owning a majority of the Jan
of the corporation, at a general meet At
convened for that purpose, after at least dire
days notice shall have been given to for
stakeholder, in the manner and form pre-!
cribed in article of this act of incorpo- rem
IN. In case of the dissolution of this bee
pany by the expiration of it's act of in sha
grafton, or otherwise, the stockholders sigr
elect three liquidators from among their tors
Der at the meeting which decides to IL rule
ate, and settle the business and affairs opel
ne company. In case of the death or in. A
ty to act, of any commissioner or liqui- this
r, the survivors shall appoint a success Fra
ard
us done and passed at my Office in the Bou
of New Orleans, on the day, month and Tou
herein first above written, in the pres L.
of II. w. Kaiser anu L. p. O'Dowd, as
of this city, competent witnesses, who Bou
hereunto signed their names with the rect
appearers, and me, notary, after due thir
ing of the whole. first
med: c. c. Sandoz, one hundred shares, shall
100; f. L. Manley, one share, $500; beer
Y. Sordelet, one share, $500. d.