The herald., 1917-08-16
CHARTERS.

~ aNfAAASS ~ preserve ana disseminate
electrical engineering and other information
connected with the industry TO decrease the
risk incident thereto and 20 promote the
| interests OF the trade;
To increase the facilities and the volume
! u business IN the City OF New Orleans:
To furnish information relative TO the prob.
able cost OF material and labor in con,ern-
plated work, the competition connected there
with, and the probable price obtaiuabIe
therefor;
To obtain contract work for its subscrib.
erS, and 10 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
regarding going prices for contemplated work
and Labor and to make proper charge for
| same.
The distinct purpose of said Exchange is
| TO "Dtaln Tor material and labor for all
| branches connected with the electrical in
| dusiTy, suthcient and just profits. by the
aScertaInment Of the cost OF materials and
| the probable labor incident 70 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.
! To employ or contract with quantity sur
| veyor or surveyors and 70 provide its sub
| sc-i5e-s with the information so obtained
and 10 sell the same.
Article IN.-This corporation NAV sue and
/ DE sued in its corporate name hold have
rece'ye' purchase, convey, sell, mortgage.
! purchase real, personal and mixed property
also borrow and lend money, and make CON
! tracts, receive grants Of land or personal
! property. and make and use a ro-Dora-e seal
he same 10 alter and break al pleasure
name and appoint such managers. directors
| officers, clerks and agents as in the interest
and convenience Of said corporation may be
| required; make and establish such bylaws
rules and regulations for the p-nner man
| agement and regulation OF the affairs Of said
! -o;PoTlton as may be necessary, and the
same 10 alter and change at pleasure, and
! 'hal! possess all the rights, powers and
privileges 20 which corporations are. or may
be. by the general Law or laws Of this State
authorized and entitled to possess.
Article N.--The capital stock Of this cor.
pO-atlOn Is hereby fixed at the sum OF tiye
| thousand dollars ls510OGM represented bv
| hi;y t5W shares, par value one hundred dol
| lars iSluOOD each. All stock subscribed
tor snail be payable in cash at the time the
| certificates thereof are issued or the same
! may be issued az not less than par Tor
property actually received by said corpora.
ton The said corporation shall commence
! business when twenty-five shares OF stock
have been subscribed and paid for All
| transfers Of stock shall he made on the books
| u said corporation by surrender Of the GER
IhG i7 thereof to the pCesiding officer. who
| 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 20 issue
Said capital stock may be increased 10
one hundred thousand dollars
| Article Wat all elections bv, or meet.
| lngS OF, the stockholders, each share OF stock
shall be entitled 20 one vote, 10 be cast
| either by the person in whose name the
| stock appears on the books Of the corpora
| non at the time OF the voting. or nv an
agent or proxy, duly authorized in writing
| TO that effect.
Article VII-The business and affairs of
.. eh.1- -,
board of directors, composed of not more than
seven and not less than three stockholders
each Il 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.
tcularly by Act 267 of 1914 The first board
VI directors and officers of this corporation
shall be composed OF the following:
{. s. Barnes BARNES Elec. Const. Co.
Ltd: president; s. J. Stewart IS: J. Stew
art-ElectriC). vice president: Gabe Core
ioles american Eev. & Flee. Cos. treas
urer; I. G. Marks MARKS Elec. Const. Co..
Phillips Flee. Const. Coz. Rovdan r. Doug
las douglas Elec. Corst. Co. Ltd. Roblcy
s Stearnes STANDARD Elec. Const. Co.. Inc.l,
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 al the headquarters OF the cor
Doration. after Is DAYS written notice shall
, have been given in person, Or by depositing
| each stockholder. ANY vacancy in the board
! II directors. from any cause, shall he filled
by the remaining directors. majority OF
the members of the board Of directors shall
. constitute a quorum for the transaction OF
. | all business nj said corporation. The board
Of directors shall make such bylaws. rules
and regulations thew nay deem proper
| FOR the transaction OF the business and af-
Eay- ~ atI md Ch '+p-
/, | and amend same at pleasure, appoint and FIX
, alsries Of all the officers, clerks, attorneys
and employees.
Article villa failure to elect directors
on the date above specified shall not dissolve
, the corporation. hut the then existing board
( Of directors shall continue in Office and
another election shall he held soon there
after as practicable at time 10 be fixed by
! he board of directors then in Office, whereof
ffteeu days prior notice shall he given in
, the manner herenabove provided, which no.
, tce shall be full and complete notice 20 all
stockholders Of such meeting.
Article IX.-The president, acting pres
. ident, may, in his discretion, and shall, upon
the written request OF 2S per cent Of the out
standing stock, call special meeting OF the
stockholders OF this corporation.
Y Article X-No stakeholder shall ever be
E liable or responsible for the contracts OF
: faults Of this corporation IN any further sun
4 than the unpaid balance due TO the corpo
e ration on the shares owned by or subscribed
u
5 organization have the effect OF rendering
. this charter null or of exposing the stock
!, holder TO any liability
: Article NI.-No stakeholder shall pledge
= 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 price
for said stock which said owner will take
I, The president shall in writing acknowledge
the receipt of said written offer and on fail
IRE Of said corporation to purchase sall
stock within thirty days, the owner thereo
shall be allowed to sell such stock so OF
: fered 10 any other person or persons, for no
e less. however, than the price at which tn
d said stock was offered said corporation.
, Article XII-This act of Incorporation MAJ
: be amended and the corporation dlssolve'
> 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
| ton and statement of the number o
| shares of stock which each agrees to tax
| in the corporation is shown by the orlglna
= signatures hereunto subscribed
Thus done and passed, in my ONCE, II
the CITY OF New Orleans, aforesaid, on m
l. day. and in the month and year hTst a6ov