The herald. [volume] (New Orleans, La.) 1905-1953, 1917-02-08


and other obligations; to have and employ
such managers, officers, agents and employees
as the interest and convenience of said cor
poration may require; and to make and
establish such laws, rules and regulations
for the corporate management and control OF
the business and affairs of the corporation
as may be deemed necessary and expedient
Article II. The domicile Of this corpora
ton shall be in the city of New Orleans,
State of Louisiana. All citation and other
legal process shall be served on the Presi-
dent and in his absence upon the secretary
treasurer.
Article III-The objects and purposes for
which this corporation IS organized and the
nature of the business 10 be carried on by
il are hereby declared to be: TO engage III
the general contracting business, engineer
ing work and to act as manufacturers agents;
and generally to do and engage IN any other
business undertaking or enterprise con-
nected with or growing out Of and incidental
70 the objects set forth or contemplated IN
this charter.
Article IV-The capital stock Of this cor
poratiou is hereby fixed al the sum OF ten
thousand $1,000 dollars, which capital
stock may he increased in the manner pro
vidcd by law t" the sum OF one. hundred
thousand (SlOO.GOM dollars Said capital
stock shall be divided into 100 shares OF the
par value Of one hundred dollars each. OF
said capital stock two hundred dollars there
Of shall be paid for in cash immediately
| after the signing Of this act OF Incorporation.
| The remaining uIuety-cght hundred dollars
of the capital stock Of this corporation, viz:
| the capital stock subscribed 10 by f. G
| HYATT shall be paid for follows: for said
ninety-eight shares the said F. c. Hyatt
| does hereby transfer, assign, convey, setoyer
| and deliver unto the corporation, all his
right. title, interest and equities in and 70
| the following machinery and equipment with
! values thereof placed thereafter: steam sho-
vel, S4o1O: dump cars, 500; pumps, 500;
| fresno, SIS; lumber and ties, $500; baCkhller,
| $3.50; track material, 500; wheel scrapers,
| : Y, live NJ I i-lU
| line. 500; shop. 500; locomotive and various
| equipment. SLIGO; a total value of sll,-
SIS; which said machinery and equipment
| is appraised and valued by the board OF d.
rectorS hereinafter named as well worth the
| sum- Of Sll.SlSO0. but which is transferred
TO said corporation by said f. c. Hyatt in
full payment Of the nlnety.eight shares Of
the capital stock subscribed for by him; said
machinery and equipment being now located
in Audubon Park, New Orleans, La.
All shares Of stock shall be worcestershire
and no transfer OF stock sail be binding upon
the corporation unless made upon its books
by the president and the secretary-treasurer
/ OF the corporation.
Article V-No stakeholder Of this corpora.
ton may offer for sale. sell, assign or trans
giving to the other stockholders thirty days
prior notice OF such intention, which notice
shall be given in writing to the president OF
the corporation and shall by said president
pOration and shall be 50 made known tC
the directors Immediately, and the Other
stockholders shall have the privilege Of
purchasing. said stock at the book value
The delivery of said notice to the president
Article NI.-Ar the corporate powers o
this company shall be vested in, and tn,
management and control of its business anC
affairs shall be exercised by a board of di
! rectors composed of three stockholders. 4
! majority of the directors shall constitute
a quorum for the transaction of all business
Al any meeting Of the board Of directors a
which there only two members of III
board present, the absent director may Civ
to either of the two directors present at SAT-
meeting written proxy TO vote in the name
J place. and stead Of the absent director upo1
any question that may come before the san
board Of directors at that particular meeting
y The directors shall be elected annually b
= ballot on the first Wednesday of Januar
4 Of each year. All elections shall be hel
e be determined by the board of directors bu
= after at least ten days notice of such eleC
= ton shall be given TO each stakeholder b
s mail sent to his last known address or b
n publication for at least three times in tie
= days preceding such election in one of III
daily English newspapers in New Orleans
. No failure to hold an election shall be T,
e garded as a forfeiture Of this charter. An
: vacancy in the board of directors shall l
y | filled by the remaining directors for the u
2 expired term. The first board Of directors
this corporation shall CONSIST OF Edward
= Hyatt. residing in the city of New Orlear
n at 1928 St. Charles Ave; Joseph Kaufman
;, | residing in the city OF New Orleans, at 10
a Robert street; and sam Kaufman. residir
- in the city OF New Orleans at ll55 Phil
street; with said Hyatt as president, Sa
l. Kaufman as vice-president and Joseph Kau
, man rs seCretary-treasurer. The three aboN
e named shall constitute the first board
e directors and shall serve until their succe
e sors are duly elected. The board of dire
/ tors shall after each election select fro
n their number a president, a vice-presldei
!. and a secretary
Article VII-No stakeholder shall ever
~ liable or responsible for the contracts, faul
> or debts of this corporation, nor shall ar
mere informaity in its organization have Il
u effect OF rendering this charter null or OF e
q posing a stakeholder TO any liability beyor
n the unpaid balance due on the shares
d stock subscribed for by him. This act
ie Incorporation may be changed, modified
altered, or this corporation may be dissolve
is Nos and % Of Act No. 267 of the Gener
st Assembly of the State of Louisiana for Il
r year 1914 In the event of the dissolution
this corporation by the. expiration, of !
"A shall be liquidated and terminated by thr
~ liquidators to be selected by and from amor
n the stockholders at the meeting which shs
:. decide to liquidate. Such liquidators shi
the business and affairs of the cOrporatio
ne In case of the death or disability of any
te | said lquldatOrS, the survivor or SURVIVE
10 shall appoint a successor or successors
~ him or them from among the stockholders.
,oJ Article VIII.-The subscribers hereto ha
ha respectively written opposite their nam
.. the amount OF stock in this corporation ST.
~ scribed for by each of them that this
l.. of incorporation may also serve as the or
~ inal subscription list of said corporation
ye- Thus done and passed in my notarial off
he 81 Hennen Building New Orleans, Lou
TO lana, in the presence of Marguerite G. Ste
Ter and Frank Thompson, competent witness
nm who have hereunto signed their names W
all the said appearers and me, said notary p'
ed lie. after due reading of the whole.
'es Original Signed: E. c. Hyatt, 90 shar
Joe Kaufman, share; Sam Kaufman, sha
I'D Witnesses: Marguerite G. Stein and Fra
al Thompson. -
no HERBERT W. KAISER, Not. Pull
oil I, the undersigned recorder of mortga
in and for the parish of Orleans, State
81, Louisiana, do hereby certify that the abb
N and foregoing act Of Incorporation of
ST. "E. c. Hyatt, Inc" was this day. duly
MT corded in my Office in book 1906. folio 6.
j. New Orleans, La, Jan. D. 1917.
EMILE J. LEONARD, by. +
a. A true copy.
nee HERBERT w. KAISER, Not. Pul
err jan Is feb IS q inch l
re-
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