The herald., 1917-09-13
CHARTERS.

TGUUSTTY, 0eCTease
-isk incident thereto and 10 promote 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 there
with ana the probable price obtainabl-
therefor;
To obtain contract work for its srbscrib
ers. and to 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 obtain for material and labor, for all
branches connected with the electrical in
dustry,. sufficient and just profits, by the
ascertalnment al the cost of materials and
the probable labor incident TO the proper
installation thereof. all in advance Of The
general subscriber bidding on said material
and labor, and in general, 10 promote and
obtain healthy conditions in the electrical
contracting business.
To employ or contract with quantity sur
veyor or surveyors and to provide its sub
scrIbers with the information so obtained
and to sell the same.
Article IN.-This corporation may sue and
ne sued IN its corporate name, hold have,
| 1yp2thecate. 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 corporate seal.
| The same to alter and break at 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 proper man
! lgement and regulation of the affairs Of said
! corporation as may be necessary, and the
| same - alter and change pleasure, and
! 14'N al 10
! privileges 70 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 of this cor
/ Poration is hereby fixed at the sum of five
| thousand dollars tS5jDoOOl represented by
| nifty 500 shares, par value hundred dol
| lars $4,000 each. All stock subscribed
! for shall he payable in cash al the time the
ceruncateS thereof are issued, or the same
/ may be issued at not less than par Tor
| property actually received by said corpora
/ ton. The said corporation shall commence
| business when twenty-five shares OF stock
nave been SUBSCRIBED and paid Tor. Al
| transfers Of stock shall be made on the books
| " said corporation by surrender Of the GER
| tlncate thereof 10 the presiding officer. who
| shall write the word Cancelled" promptly
| 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 to issue
! new stock in place Of cancelled stock.
said capital stock may be Increased TO
| one hundred thousand dollars.
| Article NI-At 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 the
| stock appears on the books Of the corpora
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
! each Of whom shall be the owner Of one share
| VI stock Of this corporation, and said board
| shall be vested with all the corporate powers
| granted 10 this corporation by law and par.
| ,icularly by Act 267 Of 1914. The first board
| If directors and officers Of this corporation
shall be composed OF the following:
| C. s. Barnes (Barnes Elec. Const. Co,
! LID. president: s. J. Stewart Is J. Stew
art-Electrc), vice-presdent: Gabe Core
u-er; I. C. Marks Marks Elec. Constt;; Co,
Ltd, secretary; F. 7. Phillips Sullivan
Phillips Elec. Const. Coz, Roydan R. Doug
| las 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 thei'
| successors are elected On the second Tues
day in January. 1918, and annually there
after. the election of the board OF directors
shall he held az the Headquarters OF the COZ
poration, after Is days written notice shall
have been given in person, or by dePnsitlns
each stakeholder. Any vacancy in the boar'
| # directors, from any cause. shall he hllet
by the remaining directors. majority o
the members of the board of directors shai
constitute a quorum for the transaction q
all business of said corporation. The boar
Of directors shall make such bylaws, rule
and regulations as they may deem prope
for the transaction of the business and al
: = .. Oh alt 70
and amend same at pleasure, appoint and n
salaries Of all the officers, clerks, attorney
and employees.
! Article villa failure to elect director
on the date above specified shall not dissoly
| the corporation. but the then existing boar
Of directors shall continue in office AM
| another election shall be held as soon there
after as practicable at a time TO Ae fixed b.
| the board of directors then in office, whereo
| fifteen days prior notice shall he gwen j
the manner hereinabove provided. which no
tice shall he full and complete notice 20 al
| stockholders of sIch meeting
Article IX-The president, or acting pres
dent, may, in his discretion, and shall, upo
; the written request of Is per cent OF the out
standing stock, call special meeting OF III
stockholders of this corporation.
Article No stakeholder shall ever b
. liable or responsible for the contracts o
faults Of this corporation in any further sur
than the unpaid balance due to the corpo
! -a,ion on the shares owned by subscribe
! for by him; nor shall any informality in tn
: organization have the effect OF renderln
his charter null or OF exposing the stock
holder 10 any liability.
Article XI-NO stakeholder shall pledg
or hvpothecate his stock in this corpOratio
until he shall have first offered same to tn
| corporation Said offered sale to the Coz
poration shall be made in writing, addresse
/, and delivered TO the president of this COZ
I poration and shall name the lowest prlc
/ for said stock which said owner VIII taxi
: The president shall in writing acknow led9
j the receipt of said written offer and on fai
IRE of said corporation TO purchase sal
stock within thirty days, the owner thereC
shall be allowed to sell such stock so o
= fered to any other person or persons, for nc
less, however than the price at which IN
d said stock was offered said corporation
Article NII-This act of Incorporation ma
! be amended and the corporation dissolve
> and its affairs liquidated provided !
Act 267 of the General Assembly OF the Stat
Of Louisiana for the year 1914.
The names and postoffice addresses OF II
| subscribers to the articles OF this corpori
NON. and 4 statement of the number
shares of stock which each agrees to tan
| IN the corporation is shown by the orlglni
: signatures hereunto subscribed.
Thus done and passed, in my office, !
| the CITY of New Orleans, aforesaid, on Il
/, | n he month and FIRST abON