The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-09
CHARTERS.

connected with the industry, to decrease the
interests Of the trade;
10 increase the facilities and the volume
OF business in the City OF New Orleans:
10 furnish information relative to the r-ob-
able cost OF material and labor in contem
plated work, the competition connected thee
with, and the probable price obtainable
therefor;
To obtain contract work for its subscrib-
ers, and to sell all said information, con.
tracts, and assistance, upon such terms and
conditions as may be agreed upon; to ex
change among its subscribers information
regafHns gong prices for contemplated work
same. toi
The distinct purpose of said Exchange is
70 OBTAIN Tor material and labor, for all
branches connected with the electrical in.
dustry,. sufficient and just profits, by the
entertainment Of the cost of materials and
the probable labor incident to the proper
installation thereof, all in advance Of the
and labor, and in general, to promote and
obtain healthy conditions in the electrical
contracting business.
10 employ or contract with quantity sur
veyor or surveyors and to provide its sub
scribers with the information so obtained
and to sell the same
Article lV.-This corporation NAV sue and
be sued in its corporate name, hold, have.
receive, purchase, convey, sell, mortgage
hypothecate, pledge, lease and suitcase and
purchase real. personal and mixed propertv-
also borrow and lend money, and make con,
tracts, receive grants of land or personal
property, and make and use corporate seal
the same to alter and break at pleasure
name and appoint such managers directors
othcers, clerk and agents as in the interest
and convenience of said corporation NAV he
| required; make and establish such bylaws
rules and regulations for the proper man
| agement and regulation of the affairs OF said
| corporation as may be necessary and the
| same to alter and change at pleasure, and
snail possess all the rights, powers and
| privileges 10 which corporations are. or NAV
! be, by. the general law or laws of this State
| authorized and entitled 10 possess.
! Article N.-The capital stock of this cor
I poration is hereby fixed at the sum of five
thousand dollars G5Ooo.oo) represented by
| lars (SlO0OO each. All stock subscribed
| tor shall be payable in cash at the time the
| certificates thereof issued, or the same
| may be issued at not less than par for
| ton. The said corporation shall commence
| business when twenty-five shares OF stock
| have been subscribed and paid for All
| transfers OF stock shall be made on the books
| Of said corporation by surrender of the GER
| tihcate thereof TO the presiding officer, who
| shall write the word Cancelled" promptly
across the face thereof and erase the presi-
| dents signature therefrom before issuing a
| new certificate. The board of directors here
| in provided for shall have the right "a issue
new stock in place of cancelled stock.
Said capital stock may be increased 10
one hundred thousand dollars.
Article VI.-At all elections by, or meet
ngs Of, the stockholders, each share of stock
| shall be entitled to vote, to be cast
| either by the person in whose name the
| stock appears the books of the corpora
| tion at the time of the voting, or by an
agent or proxy, duly authorized in writing
| to that effect.
Article VII.-The business and affairs of
| this corporation shall be transacted by a
board Of directors, composed of not more than
| seven and not less than three stockholders,
each ot whom shall be the owner of one share
| Of stock Of this corporation, and said board
shall be vested with all the corporate powers
| granted TO this corporation by law and par
ticularly by Act 267 of 1914 The first board
Of directors and officers of this corporation
| shall be composed of the following:
| c. S. Barnes tBarnes Flee Const. Co.,
Ltd. president; S. J. Stewart Is: ]. Stew
| art-Electric), vice president; Gabe Core
jolles american Elev. & Elec. Coz, treas
urer; l. G. Marks Marks Elec. Const Co.,
Phillips Elec. Const. Coz, Roydan R. Doug
| las douglas Elec. Const. Co, Ltd, Robley
s Stearnes STANDARD Elec. Const. Co.. Inc },
Other Directors, all of New Orleans. Louisi-
Tuesday of January, 1918, until their
successors are elected On the second Tues
day in January. 1918, and annually there
after, the election of the board of directors
shall be held at the headquarters of the cor
poraton, after Is days written notice shall
have been given in person, or by depositing
same in the post-office properly addressed to
each stakeholder. Any vacancy in the board
Of directors. from any cause, shall be filled
by the remaining directors. majority OF
the members of the board Of directors shall
constitute quorum for the transaction Of
all business of said corporation. The board
Of directors shall make such bylaws, rules
and regulations as thew may deem proper
for the transaction of the business and af
fairs of said corporation, and change alter
and amend same at pleasure, appoint and hS
salaries of all the officers, clerks, attorney:
and employees.
Article VILLA failure to elect director:
on the date above specified shall not dissolve
the corporation. but the then existing board
of directors shall continue in Office and
another election shall be held as soon there
after as practicable at time to be fixed by
the board of directors then in Office, whereof
fifteen days prior notice shall be given II
the manner hereinabove provided, which no
tice shall be full and complete notice 20 al
stockholders of such meeting.
Article IX.-The president, acting pres
ident, may, in his discretion, and shall, upor
the written request of Is per cent of the out
standing stock, call a special meeting Of the
stockholders Of this corporation.
Article Mo stakeholder shall ever bt
liable or responsible for the contracts OF
faults of this corporation in any further sun
than the unpaid balance due TO the corpo
fer by him; shall any informality in tn,
organization have the effect of rendering
this charter null or of exposing the stock
/. holder to any liability.
Article XI-No stakeholder shall pledg,
or hypothecate his stock in this corporation
until he shall have first offered same to thu
corporation. Said offered sale to the cor
poration shall be made in writing, addressed
; and delivered to the president of this cor
, poration and shall name the lowest pric,
for said stock which said owner will take
The president shall in writing acknowledg'
the receipt of said written offer and on fail
ure of said corporation to purchase salt
stock within thirty days, the owner thereo
shall be allowed to sell such stock so OF
. fered to any other person or persons, for no
, less, however, than the price at which tn
said stock was offered said corporation.
! Article XII.-This act of incorporation ma,
be amended and the corporation dissolve
and its affairs liquidated as provided ii
Act 267 of the General Assembly OF the Stat
of Louisiana for the year 1914
The names and postofice addresses of tn
subscribers to the articles of this corpora
rion, and statement of the number o
shares of stock which each agrees to tax
in the corporation is shown by the origna
signatures hereunto subscribed.
Thus done and passed, in my Office, !
the City of New Orleans, aforesaid, on tn