The herald., 1917-03-01

nanted and agreed. and do by these pres
ents, covenant, agree, bind, form and con-
who may hereafter join and become asso-
ciated with them, into a corporation and
body polite in law, for the objects and Pur-
poses and under the agreements and stipu-
lations following to-wit:
Article 1.-The name and style of this cor
poration shall be "E. c. Hyatt, Inc" and
under that name it shall have and enjoy all
the rights, advantages and privileges grant
ed by law to corporations. II shall exist for
period of ninety-nine years from date
hereof, unless sooner dissolved; II shall
have power and authority TO sue and be
sued in its corporate name; 10 make and
use a corporate seal and to break and alter
the same al pleasure; 10 hold. receive, con
vey, mortgage and hypothecate real, personal
and mixed property; TO issue bonds, notes
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 regulation.
for the corporate management and control OF
the business and affairs OF the corporation
as may be deemed necessary and cNpedlent.
Article H. The domicIlc 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
nature Of the business TO he carried on by
j. are hereby declared to be: II engage IN
the general contracting business, engineer
ing work and To act a. manufacturers agents:
and generally TO do and engage IN any other
business undertaking or enterprise con-
UeCtei with or growing out Of and incidental
to the objects set forth or contemplated N
this charter.
Article IV.-The capital stock Of this cor
poration is hereby hXed al the sum OF ten
thousand JSl0.upp dollars, which capital
| stock may We increased IN the manner pro-
yidcd bv law 70 the sum OF one hundred
thousand $4,000 dollars. Said capita!
stock shall be divided into 100 shares 81 the
par value Of one hundred dollars each. OF
| said capital stock two hundred dollars there
! II shall be paid for IN cash Immediately
| after the signing Of this act Of Incorporation.
! The remaining nIuc.y-eight hundred dollars
/ oi the capital stock Of this corporatons VIZ:
| the capital stock subscribed - by. +. {;
| Hyatt shall be paid for as follows: fo- sa'd
| uneiy-eight shares the said +. {. Hyatt,
/ does hereby transfer. assign. convey, setoyc-
| and deliver unto the corporation. all his
/ tight, ,t't.e interest and equities IN ana :,
/ the following machinery and equipment with
values thereof placed thereafter: steam sh0-
/ vel, 5000; dump cars. $40; pumps. 500;
! fresno, $50: lumhc- and ties. $500; backh.ler,
| 81 500: track material, $500: wheel ScrapeTS,
| 500; No. dag line. $1,000; No. drag
| line. $40: shop, $40; locomotive and various
| equipment, S,loO, or total value OF Sill
| SlS: which said machinery and equlpmen;
! Is appraised ana valued DN the board ol OIL
-ecto~s hereinafter named as well worth the
sum Of Sl1.slSr hu: which i transferred
/ 20 said corporation by said +. {. 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 non-assessahle
! and no transfer Of stock sail be binding upon
| the corporation unless made upon its books
| and all certificates OF stock shall be signed
| by the president and the secretary treasureT
Of the corporation.
Article V-No stakeholder Of this corpora.
| ton may offer for sale, sell, assign OF trans
I fer his stock in this corporation wlthou;
| giving TO the other stockholders thirty days
prior notice Of such intention, which notice
/ shall be given in writing 10 the president Of
| be made known to the directors OF the cor
poratiol and shall be so made known 70
| the directors Immediately, and the other
stockholders shall have the privilege OF
! there Of for a period Of thirty days from
the delivery OF said notice to the president
Article VI.-Au the corporate powers OF
| this company shall be vested in, and the
| management and control Of its business and
| affairs shall be exercised by a board Of d.
| reCtOrS, composed OF three stockholders. 4
majority Of the directors shall constitute
| a quorum for the transaction OF all business
| At any meeting Of the board Of directors a
which there only two members OF The
board present. the absent director may give
10 eltneT OF the Two directors present az SalC
! meeting 4 written proxy to vote in the name
place. and stead Of the absent director upOr
| any question that may come before the sale
board Of directors at that particular meeting
The directors shall be elected annually BY
ballot on the first Wednesday Of January
Of each year. All elections shall be helt
under such rules and regulations as ma,
ne determined by the board Of directors bu
| after at least ten days notice Of such elec
ton shall be given TO each stakeholder b,
mail sent to his last known address or b,
publication for at least three times in tel
days preceding such election in one OF tn
daily English newspapers in New Orleans
No failure 10 hold an election shall be re
garded as a forfeiture of this charter. An
vacancy in the board Of directors shall b
filled by the remaining gT directors for the un
this corporation shall consist of Edward {
Hyatt. residing in the city Of New Orlean
at 252S St. Charles Ave; Joseph Kaufman
! residing in the city Of New Orleans, at l66
in the city of New Orleans at ll35 Phil
street; with said Hyatt as president, Sar
Kaufman as vice-president and Joseph Kaui
man as secretary-treasurer. The three abov
named shall constitute the first board q
directors and shall serve until their success
sors are duly elected. The board of direc
tors shall after each election select fror
| their number a president, a vice pres den
| and secretary treasurer.
, Article NII-No stakeholder shall ever b
liable or responsible for the contracts, fault
. or debts of this corporation, nor shall an
mere informality in its organization have I'll
effect of rendering this charter null or of eS
posing a stakeholder 10 any liability beyon
! the unpaid balance due on the shares {
stock subscribed for by him. This act {
incorporation may be changed, modified q
altered, this corporation may be dissolve
in accordance with the provisions Of Section
Nos. and % Of Act No. 267 of the Genera
: Assembly of the State of Louisiana for III
year 1914. In the event of the dissolution {
! this corporation by the expiration of il
charter or otherwise, its business and affair
: shall be liquidated and terminated by thre
. the stockholders at the meeting which sha
decide TO liquidate. Such liquidators sha
have full power and authority 10 settle a
I the business and affairs of the corporation
2 In case of the death disability OF any
said liqudators the survivor or survivor
5 shall appoint successor or successors
r him or them from among the stockholders.
: Article NIII.-The subscribers hereto hay
: respectively written opposite their name
: scribed for by each of them. so that this a
r Of incorporation may also serve as the orii
d inal subscription list of said corporation.
= Thus done and passed in my notarial offic
V 81 Hennen Building, New Orleans, Loui
S lana, in the presence Of Marguerite G. Ste
y and Frank Thompson, competent witnesse
y who have hereunto signed their names Wi
g the said appearers and me. said notary pu
: lie. after due reading of the whole.
l. Original Signed: E. c. Hyatt, 90 share
n Joe Kaufman, share Sam Kaufman, l s1ar
: Witnesses: Marguerite G. Stein and Frar
l. Thompson.
HERBERT w. KAISER, Not. Pub.
V I, the undersigned recorder of mortgag
d in and for the parish of Orleans, State