The herald., 1918-06-06
CHARTER OF
THE ENGINEERING SALES COMPANY,


United States of America. State of Louis.
lana, Parish of Orleans, City of New
| Orleans
BE il known. that on this Bird day of the
month of June in the year of our Lord one
thousand nine hundred and eighteen and
of America. the one hundred and forty
second, before me, Watts X Leyerich a
Notary Public, for the above Parish and
state, and in the presence of the under
peared:
The several persons whose names are
hereinafter subscribed who declared that
ayailing themselves of the laws of this
State relative to the organization of cor
poratiOns, in such cases made. and prOvid-
ed, they form themselves into a corpora
ton, under the stipulations hereinafter
set forth, which they adopt as their char
ter, to-wit:
Article 1.-The name and title of this
corporation is hereby declared to be 1.-THE
Engineering Sales Company, Inc" and it
shall have and enjoy corporate success
from this date, and shall have and exer-
else for the purposes of the business to
be carried on by it, all the powers con-
ierred by law upon corporations includ
ing the power to purchase, lease, sell,
mortgage. pledge, exchange, and other
wise acquire, ALLEVIATE, or dispose of it's
property, real. personal or mixed in the
prosecution of its business; to contract
TO make ana use III II
so desires corporate seal, and the same
10 alter or break at pleasure; to make
bylaws for its government and the same
10 alter, amend or repeal at pleasure; 10
name and employ such managers, direS>,
tors, Officers, agents. and employees, as it's
interests may require and generally to
exercise all the powers necessary or con-
venlent to carry on said business.
Article 1.-THE domicile of this cor
poration shall be in the City of New Or
leans, Louisiana, and all citations and
other legal process shall be served there
on the President, or in his absence or
disability on the Vice President
Article 1II.-The objects and purposes
Tor which this corporation is organized
and the nature of the business to be car
ried on by it are hereby declared to be:
TO carry on general engineering and
machinery business in this city and else
where; to buy and sell new and second
hand machinery and engineering supplies
outright or on commission basis: to
conduct machine shop for the repair
and manufacture of machinery and engin-
eering supplies; to conduct a general en-
gineering practice and all connected with
and appertaining thereto: and to do ali
things incidental to or connected with said
business
Article Iv.-The capital stock of this
corporation is hereby fixed at twenty-fiy
thousand dollars divided into two hun
dred and fifty shares of the par value of
one hundred dollars per share The cor
poratiOn shall have the right to commence
business and be a going concern when
twelve thousand five hundred dollars of
its stock shall have been subscribed and
six thousand two hundred and fifty dol
lars paid for in cash. All other stock
subscribed for shall be paid for at such
time as the Board of Directors shall de-
termine, but no stock shall be issued ex-
eept for money, or property received or
labor done. All transfers of the stock
shall be made on the books of the COM
pany on the surrender of the outstanding
certificate and pursuant to such rules as
the Board of Directors may prescribe. The
capital stock may be increased or de-
creased in accordance with the laws of this
State. No stakeholder shall have the right