The herald. [volume] (New Orleans, La.) 1905-1953, 1917-09-06
CHARTERS.

I
connected with the industry to decrease the
r.Sk incident thereto and 20 promote the
I interests Of the trade;
To increase the facilities and the volume
y business in the CITY OF New Orleans.
To furnish information relative to the prob
able cost OF material and labor in conter,
Plated work, the competition connected there
w'il, and the probable price obtaiuable
therefor;
/ To obtain contract work for its subscr;b.
r-S, and to sell all said information. CON
/ i-aets' and assistance, upon such terms and
Conditions as may be agreed upon; to ex-
change among its subscribers information
regarding going prices for contemplated work
and labor, and to make proper charge for
The distinct purpose of said Exchange is
/ 70 obtain for material and labor, for all
| branches connected with the electrical in.
lustry' suthcient and just profits, by the
! ssceTtainment OF the cost of materials and
/ he probable labor incident % the proper
| installation thereof, all in advance Of The
! general subscriber bidding on said material
| and labor, and in general, 70 promote and
obtain healthy conditions in the electrical
/ contracting business.
! To employ or contract with quantity SIR.
/ veyor or surveyors and TO provide lis sub
/ sc-.bers with the information 50 obtained.
! and 10 sell the same.
| Article N--ThiS corporation may sue and
/ ne sued IN rs corporate name, hold. have,
! -ece'ye, purchase, convey, sell, mortgage,
! iypI,hecatc. pledge, lease and subtle and
>
! also borrow and lend money, and make con
| tracts. receive grants OF land or personal
| property. and make and use 4 corporate seal.
! ne same 70 alter and break at pleasure,
! name and appoint such managers. directors
| officers, clerks and agents in the interest
/ and convenience OF sald corporation NAV be
! required; make and establish such bylaws.
| rules and regulations for the proper man
| agewent and regulation OF the affairs of said
| corporation as may be necessary. and the
same - alter and change at pleasure. and
I'D, Ill =.
privileges TO which corporations are, or may
! re. by the general law or laws Of this State
authorized and entitled to possess.
Article N.-The capital stock o; this cor
poration, is hereby fixed at the sum of five
| thousand dollars Cs51O0oO represented BY
dfty 500 shares. par value one hundred dol
| lars $4,000 each. All stock subscribed
! for shall be payable in cash at the time the
may be issued at not less than par FOR
property actually received by said corpora
| ro1. The said corporation shall commence
| business when twenty-five shares OF stock
| nave been subscribed and paid for. All
| -ransiers 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
| dents signature therefrom before issuing
| new certificate. The board Of directors here
IN provided for shall have the right 70 issue
| new stock in place OF cancelled stock.
one hundred thousand dollars.
Article Wat all elections by. or meet.
ingS Of. the stockholders. each share Of stock
| shall be entitled - one vote, to be cast
either by the person in whose name the
| stock appears the books Of the corpora
! ;ion al the time of the voting, or by
| agent or proxy, duly authorized in writing
% that effect.
Article VII.-The business and affairs Of
| this corporation shall be transacted by
| I,,rJ 81 - .1,,.,
! seven and not less than three stockholders,
| each OF whom shall be the owner Of one share
| II 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
IF directors and officers of this corporation
shall he composed of the following
c. S. Barnes (Barnes Elec. Const. Co.
art-Electric), vice.president: Gabe Core
nrer; I. G. Marks Marks Elec. Const, Co,
Lab i;, secretary T F. P P RJ lSuli Ivan
! as douglas Elec Const. Co. Ltd, Robley
: Stearnes STANDARD Elec. Const. Co., Incl,
Other Directors. all of New Orleans, Lousi
ana: They shall serve until the second
! 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
Doraton, 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
" directors, from any cause, shall be filled
by the remaining directors. majority of
the members OF the board Of directors shall
constitute a quorum for the transaction Of
all business Of said corporation. The board
IF directors shall make such bylaws rules
and regulations they may deem proper
for the transaction of the business and at
fairs of said corporation, and change, alter
81 a. vN1n n
salaries OF all the officers, clerks, attorneys
and employees
Article villa failure to elect directors
m the date above specified shall not dissolve
IF directors shall continue in office and
another election shall be held as there
after practicable at time to be fixed by
| he board of directors then in Office, whereof
| Ifteen days prior notice shall be given in
The manner hereinabove provided, which no
tice shall he full and complete notice 20 all
| stockholders of such meeting.
Article IN.-The president, or acting pres
dent may, IN Rls discretion ana saan, upon
the written request of p per cent OF the out
standing stock. call a special meeting OF the
stockholders of this corporation.
Article X-No stakeholder shall ever be
liable or responsible for the contracts or
faults of this corporation in any further sum
than the unpaid balance due to the corpo-
ration on the shares owned by or subscribed
for by him; nor shall any informality in the
organization have the effect OF rendering
This charter null or of exposing the stock
holder to any liability.
Article XI.-No stakeholder shall pledge
or hypothecate his stock in this corporation
until he shall have first offered same 10 the
| corporation. Said offered sale TO the cor
poraton shall be made in writing, addressed
and delivered to the president of this cor
poration and shall name the lowest price
for said stock which said owner will take.
The president shall in writing acknowledge
the receipt of said written offer and on taIl.
ure Of said corporation to purchase said
stock within thirty days, the owner thereof
shall be allowed to sell such stock so OF
Tered to any other person or persons. for not
less however, than the price at which the
said stock was offered said corporation.
Article NII.-This act OF Incorporation may
he amended and the corporation dissolved
and its affairs liquidated as provided IN
| Act 267 OF the General Assembly OF the State
IF Louisiana for the year 1914.
The names and postofice addresses of the
| subscribers to the articles OF this corpora.
ton and a statement of the number OF
shares Of stock which each agrees to take
in the corporation is shown by the original
| signatures hereunto subscribed.
| Thus dsne and passed, in my office, IN
| the CITY Of New Orleans, aforesaid, on the
dav, and in the month and year first above
written. in the presence OF Daniel vending