The herald. [volume] (New Orleans, La.) 1905-1953, 1916-02-24
ARTICLES OF INCORPORATION
PUBLIC SERVICE Co, INC.
ARTICLE I.

-
/ AMER named and undersigned nersNroii,
! came me persons whose names are bs-s,,,,.,,
! ."'N''i'ta' VINO declared that availing then.
/ - 81 ,ne provisions OF the laws OF this
/ S'".c ftlauNe 10 the organization of corncra.
. l'ohN, they have COvenantcd and agreed -
| o. ny these presents, covenant and 3yTaa
! o'hu' FORM and constitute themselves ,s 1,eIi
/ - - o'"er persons as may hereafter ioin
/ .' become associated with them into c1r.
/ f'rah'n and body polite in law and for ~.
/ '"Jt''S ana purposes, and under the agree
! '"GH,N ana slpuiatIons following to-yit.
- r'l'.e i ne name and title of this cor
! Ppraiion shall be Public Service Co In -
/ ana under that name it shall have and 80,
/ all me nights, advantages and prIv,'e,,ss
| kI'h'ed by law To corporations; il shall eNist
/ ioT a period OF uiucty-nire vears s., -
| date hereof; 1t shall have power to contrast
sue ana be sued in its corporate ,a.rs. 80
/ MAKE ana use a corporate seal and the sa-1e
: % p'edH or alter At pleasure; 20 hold re.
,'iEr' purchase, convey, mortgage and ~
! Po.'eIdle property, real, personal and mixed.
! ID issue bonds, notes and other pIIIg7ti,rs,
| 10 nave and employ such managers. agents
| ana oiheT employees as the interest and con.
I ErmcnCc OF sand corporation may -rpr,Ire o.
demand; and 10 make and r.,aFj,sb f,.r,' VI
| rules and regulations Toy the c,-p,-,tr ~,
-gement and control Of the affair, Of rb- s,;I
company as may be deemed necessary or ex.
Article 3.-Th- domicile OF said corpor,.
/ Ton shal! be IN the city OF New O-Irsn.
Nia'e 81 LOUISIANA, and all citation, and
! ''"4f legal process shall be served o.. tn.
! president. and IN his absence on the -
president OF the corporation, and in the alb.
! sense OF the latter on the secretary or treas.
Ar,icle 4.-The objects and PURPOSES f,-
winch this corporation Is organized and the
+ nature ot the business 20 be carried ON f,,, il
are hereby declared 10 be: 70 conduct a r.,,
rrH business Tor the collection Of LIUs
h'.tN' accounts. rents and irdcbtcdres-rs Of
any nature Whatsoever: 10 make r,r-.,,t,I.
4
E'dud.N, hTr1N and corporations: 10 acquire
'H purchase, or otherwise, and to own and
sell mercantile accounts. notes chose, in
| acton judgments, real estate and other Kind,
OF property
To procure skilled and un,killed labor, ser.
wants and clerks for individuals. r7rtre--
. NhlPs Or corporations; to engage in The real
estate bushes, a. agents, 10 buy sell and
rent real estate generally: 10 conduct a g.,,-
efaI advertising business Tor account Of in.
divdual>, hrms and corporations: 10 carry on
PubhcIiy work OF all kinds and descriptions.
tor the purpose OF developing and prorrstIr no
the business and concerns OF those contract.
ing with ihiS corporation: to exploit their
enterprises efforts or UNDERTAKINGS. and 10
DO all things necessary, proper and iucideu-
tai 10 successfully carry on the above men.
toned objects. This corporation Is ar,+ho--
ICED to establish branches or subsidiaries
anywhere IN the United States
Article She capital stock of this cor
poTdtlon Is hereby fixed at the sum of nye
thousand dollars CS5,W0OO, and the said
corporation Is authorized 10 increase said
capital stock TO the sum OF fifty thousand dol
lars iS'UVnn), divided into shares OF the
par value OF twenty-five dollars (S2S OO per
share, which shall be paid for in cash, or
may he issued at not less than par for ser
wee rendered to, or property actually pur-
chased, or acquired. by said corporation
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. The corporation shall be a
gsiHg concern and shall be authorized to COM
menCe business when twenty-five hundred
dollars t$2,5OOO) Of the capital stock shall
have been subscribed, and when twelve hun.
dred and fifty dollars (Sl,25OOO) of the said
capital stock shall have been actually paid
for.
Article 6.-All the corporate powers OF this
company shall be vested in and exercised by
a board OF directors, composed of not more
than seven and not less than three stockhold-
erS, the majority of whom shall constitute
quorum for the transaction OF all business
The hrst board OF directors of this CORPORA
ton shall be elected on Monday, 18th dav OF
February, nineteen hundred and sixteen, and
thereafter said directors shall be elected an
nually the third Monday in January Of
each year, by ballot of the stockholders. Each
stakeholder shall be entitled, in person or BY
written proxy, TO one vote on each share OF
stock standing in his name on the books of
the company. 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 cleo
ton shall have been given to each stock
holder, at his last known address, or by pub
LEGATION in one of the daily newspapers pub
llshed in the city of New Orleans, for at
least three times in ten days preceding such
election.
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 act of incor-
poration. Any vacancy occurring said
board of directors shall be filled by the re-
naming directors for the unexpired term.
Said board of directors shall, at its first
meeting, select from its number a president,
vice-president, secretary or treasurer, or
both, who need not be stockholders. The
ONCE OF secretary or treasurer may be COM
bined with that OF any other office. in the
discretion of the board Said board of di.
rectors shall have the right and power to
appoint and dismiss all managers, agents and
other employees OF the corporation, iuclud |
ing the secretary, or treasurer, who may not
be stockholders, conditions may justify |
or the business of the corporation may re-
quire
Article NO stakeholder shall ever be
held liable or responsible for the contracts, |
faults debts of said corporation, shall I
mere informality in its organization have the
effect of rendering this act of incorporation !
null, or of exposing any stakeholder TO liza !
bility beyond the unpaid balance due on the !
shares OF its stock owned by him.
Article 8.-1his act of Incorporation may |
be changed, modified or altered. or this cor
Poraton may be dissolved with the assent !
of the stockholders owning a majority OF the /
stock of the corporation, at general meet |
ing convened for that purpose, after at least |
ten days notice shall have been given TO
each stakeholder, in the manner and form
prescribed in article of this act of incorpo |
ration. In case of the dissolution of this /
company by the expiration OF its act of in |
corporation, otherwise, the stockholders |
shall elect three liquidators from among their /
number at the meeting which decides to Ii |
quldate, and settle the business and affairs !
of the company. In case of the death or in |
ability to act, of any commissioner or liqui- !
dator, the survivors shall appoint a success
sor.
Thus done and passed at my Office in the ,
city of New Orleans, the day, month and
year herein first above written, in the pres /
euce of II. W. Kaiser anu L. p. ODowd, /
both of this city, competent witnesses, who /
have hereunto signed their names with the I
said appearers, and me, notary, after due /
reading of the whole.
Signed: c. c. Sandoz. one hundred shares,
s., 5000; +. /. Manley, one share, $3.50; ,
A. ". Sordelet, one share, $500.