The herald. [volume] (New Orleans, La.) 1905-1953, 1917-08-30
CHARTERS.

siectrica! engineering and other information
connected with the industry, to decrease the
interests Of the trade;
To increase the facilities and the volume
OF business IN the City OF New Orleans:
10 furnish information relative TO the prob
able cost OF material and labor in contem
plated work, the competition connected thee
therefor; "'iao'e
To obtain contract work for its subscrib-
eis' ana TO sell all said information, con.
tracts, and assistance, upon such terms and
SOhditionS as may be agreed upon; 10 ex-
change among its subscribers information
regarding going prices for contemplated work
same. -o1
The distinct purpose of said Exchange is
to obtain for material and labor. for ali
branches connected with the electrical in
duStTy' SufhcIent and just profits by the
ascertainment Of the cost of materials and
.he probable labor incident TO the D-oner
installation thereof all in advance Of The
general subscriber bidding on said material
and labor, and in general, to promote and
obtain healthy conditions in the electrical
Extracting business.
To employ or contract with quantity sur.
vey99r or surveyors and TO provide its sub
and TO sell the same
Article lV.-This corporation may sue and
De sued IN its corporate name, hold have,
reSeiye, purchase, convey, sell, mortgage,
hyp2ihecate' pledge, lease and suitcase, and
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 corporate seal.
he same TO alter and break al pleasure,
lame and appoint such managers directors
pfhGerS, clerks and agents as in the interes,
and convenience Of said corporation may be
required; make and establish such by-lawS.
rules and regulations for the proper man
lgement and regulation of the affairs Of sad
rDTnD-4tInT he 4 I.
same 10 alter and change at pleasure and
shall possess all the rights. powers and
privileges to which corporations are. or may
BE. by the general law or laws Of This S.3te
authorized and entitled to possess
Article V-The capital stock Of this cor.
poTatIon Is hereby fixed at the sum of five
thousand dollars tSSO10.OO represented bv
ntty $50 shares, par value one hundred dol
.arS GioGOO each All stock subscribed
Tor shall be payable in cash at the time the
certificates thereof are issued, OF the same
may be issued al not less than par for
property actually received by said corpora
ton. The said corporation shall commence
business when twenty shares of stock
have been subscribed and paid for All
ranSferS Of stock shall be made on the books
Of said corporation by surrender OF the GER
beiI thereof to the RCCesidng Officer who
across the face thereof and erase the presl-
dents signature theTefrom before issuing A
new certificate. The board of directors here
in provided for shall have the right to 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
ings OF, the stockholders, each share Of stock
shall be entitled to vote, to be cast
ether by the person in whose name the
stock appears on the books of the CORPORA
ton at the time of the voting. or By an
agent or proxy. duly authorized in writing
% 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.
Zach 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.
ucularly by Act POI Of 1914. The FIRST board
If directors sand officers of this corporation
shall be composed of the following:
c. s. Barnes Barnes Elec. Corst. Co.,
Ltd. president; s J. Stewart IS. J. Stew
art-Electric), vice; president; Gabe Core
urer; I. G. Marks Marks Elec. Const Co,
Ltd, secretary; F. P. Phillips Sullivan
Phillips Elec. -Const Coz, Roydan r. Doug
as douglas Elec. Const. Co, Ltd, Roblcy
Other Directors, all of New Orleans. Louisi.
ana: They shall serve until the second
Tuesday of January. 1918, or until their
successors are elected On the second Tues
day IN January, 1918, ana annually there
after, the election of the board of directors
shall be held al the headquarters al the cor
Doratisn, after Is DAYS written notice shall
have been given in person, by depOsiting
each stakeholder. Any vacancy in the board
IF directors, from any cause, shall be filled
by the remaining directors. A majority OF
The members of the board of directors shall
constitute a quorum for the transaction OF
all business of said corporation. The board
Of directors shall make such bylaws. rules
and regulations as they may deem proper
for the transaction of the business and az
fairs of said corporation. and change. alter
and amend same at pleasure, appoint and hx
salaries of all the officers, clerks, attorneys
and employees
Article villa failure to elect directors
m the date above specified shall not dissolve
he corporation, but the then existing board
another election shall he held as soon there
pfter as practicable at time to be fixed by
he board of directors then in office, whereof
ffteen days prior notice shall be given IN
he manner hereinabove provided. which no.
ace shall be full and complete notice TO all
stockholders of such meeting.
Article IX.-The president, acting pres
dent. may, in his discretion, and shall, upon
he written request of % per cent of the out
standing stock, call special meeting OF the
stockholders of this corporation.
Article N-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 to the
corporation. Said offered sale to the cor.
poration shall be made in writing, addressed
and delivered to the president OF this cor
poratiou 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 fail.
ure Of said cooperation TO purchase said
stock within thirty DAYS, the owner thereof
shall be allowed TO sell such stock so of
fered to any other person or persons, for not
less however, than the price at which the
said stock was offered said corporation.
Article XII-This act of incorporation may
be amended and the corporation dissolved
and its affairs liqudated as provided II
Act 267 of the General Assembly of the State
Of Louisiana for the year 1914.
The names and postoffice addresses of tn,
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 origna
| signatures hereunto subscribed.
Thus done and passed, in my office, II
| he City Of New Orleans, aforesaid, on tht
| iav. and in the month and year hrst above
| written. in the presence of Daniel "endllnt