The herald., 1918-03-21

ne. Roonod and qualified in and for the
COMM ~ orleans, State OF Louisiana,
Parish u therein residing, and IN the
nusssuce Of the Mln' PersopaiIy came
and apptaions whose names are hereunto
Tns who declared that aVaillng
snbsel'yss of the provisions or the laws
The state Of LSui tbe GeS SnI assembly
II Nt STATE of Louisiana Tor the year
Of the have covenanted and agreed
lsl+ M nv these presents, covenant
and hind, form and constitute them
ssre, as well as such other persons as
nay n asnn, into a corporation and body
win me- nc law. for the objects and pur-
polltc ID under the agreements and slip
pes;ors following, to-wlt: Ill 20 .,,.
NlII,inn shall be the Union Iron
eorpora Incorporated" and under that
WORKS, shall have and enjoy all the
pane advantages and privileges granted
ngp.s,v "a corporations; II shall exist Tor
p.s,Iod of ninety. nine years from the
peIhIorsof: Il shall have power and au-
dse 20 sue and be sued i'll its Corpor-
thorI! " 10 make and use corporate
tte nAS the same to break or alter at
sea- 10 hold, receive, purchase, con-
eamo,tgage and hypOthecate property,
ry mrsonaI and mixed to issue bonds,
real "a other obligations; to have and
popes 81" Sneb managers, officers and direc-
enpoy ,ants and other employees as the
iols, nst and convenience of the corporation
inIs rsouire or demand, and TO make ana
nnSs,,blish such bylaws, rules anu reg ui 5,,
eA Cor the corporate management ana
nons ~ its business and affairs as may
CON- oomed necessary and eXpedient.
Dc 49, 1.-THE dOmicile of the said
A.ation shall be i'm the City of New
eeIp state of Louisiana, but II may
throughout
United States of America and foreign
eou Gun citations and other legal process
a., al hs served on the President, and in
~ absence on the wee PRESIDENT OF me
Do Do, acornoration In the absence of the
an.,SSnt and Vice President, then said
Iscsss shall be served Oh the Secretary
y the said corporation.
a,.,,cls III.-The objects and purposes
,.s which this corporation is organized
lm 1a he nature of the business to be car
~ ~ an nv IL are hereby declared to be:
nN ansrste a general machine shop; to
~, seIl manufacture and deal in, at
vsSsalssale or retail, for its own account
:. rs agent distributor or intermediary,
W finds and character OF machinery ana
~ u. metal products; to erect AID con-
..aet Ar contract for the erection and
ssnstruction of buildings, workshops and
ssrhauical plants, and generally TO DO
nj engage in any other business, under
ktnOa
,,S ont Of incidental or germane TO any
~ the objects and purposes hereinabove
", Torth or contemplated by this charter.
Article IV.-The capital stock of this
..,norstion Is hereby fixed at the sum of
Five thousand (s5,OOOOO) Dollars, divided
0es hundred (SlO0.O0) Dollars, each, which
shsll be paid for in cash on the call Of
ne board Of. Directors, or may be issued
Al not less than par for property pur-
ehssed by or services actually rendered
"A the corporation.
The capital stock Of the corporation
nav he increased to a sum not exceeding
Pifty thousand ($50OOO.OO) Dollars.
All shares of stock shall be full paid
and non -assessable. No transfer of stock
shsll be binding upon the corporation I'M
bsS made upon its books, and all Certiti-
esies OF stock shall be signed by the Of
6cers designated by the Board of Direc-
tors
Article y.-An the corporate powers of
Ais company shall be vested in and the
nsnaeement and control of it's business
and Affairs shall be exercised by Board
NJ Directors composed of three 80 stock
Aelders, which number may be increased
ID not more than seven "a at the discre-
nsn of the Board of Directors. A ma
jerity Of the Directors shall constitute a
quorum for the transaction of all bust
nes The directors shall be elected an
nuslly by ballot of the stockholders on
tie second Wednesday of February In
Zach year. All elections shall be held
ndef such rules and regulations as may
Be determined by the Board of Directors,
but after at least fifteen days notice
hereof shall have been given to each
| Goekholder by such notice thereof deliv-
asd personally to such stakeholder, or
~ depositing In the post office, properly
addressed, a notice to each stakeholder.
he directors thus elected shall continue
N Office for one year or until their sue
ossers shall have been duly elected and
essIhed. All stockholders shall be en-
titled, In person or by written proxy, to
sae vote on each share of stock owned by
hin and standing in his name on the
bseks Of the corporation. No failure to
hold an election shall be regarded as
fsaelture Of this charter. Any vacancy
occurring on said Board of Directors shall
y hlled by the remaining directors for
he unexpired term. Said Board of Di-
Mtofs shall likewise elect the additional
members In case they should determine to
Increase the number of the Board as here
haboye provided. Said Board of Direc-
sfs. shall at its first meeting elect from
tneng its number, a President, one or
more Vice-Presidents, Secretary and a
Treasurer. II may combine any two OF
md Offices into one and may even elect a
Nffetary, who is not a stakeholder or
sreetor. Said Board of Directors shall
ave the right and power to appoint and
snniss such clerks and other employees
me corporation, including the Secre-
VT who Is not q stakeholder or director,
y onditions may justify or the business
= NE corporation may require. The
encfe OF Office Of all employees of the
wrporstion shall be during the pleasure
me Board Of Directors.
Article VINO stakeholder shall ever be
sa liable or responsible for the contracts,
n1s or debts of this corporation, nor
nAl any mere informality in it's organ
of
aAner null or Of exposing a stakeholder
any liability beyond the unpaid bal
que on the shares Of stock owned
Article yII.-This act of incorporation
.v De changed, modified or altered by
oe Of two.thirds of the persons own
me issued capital stock of this cor
Ssuon, al a meeting convened for that
rspese, after notice shall have been Civ
IN me manner and form provided for
rss;S. ee Y OF this act Of incorporation,
rssiaed, however, that the objects and
Rsses ior which this corporation Is or
Ts1 .su snail not be changed, modified or
s..,e oi the capital stock of this cor
non increased to an amount exceed
me maximum herein fixed or decreas-
SaS.sh amount less than the corporate
,seoness, without the consent and APP
E. the stockholders owning three
tssasss,s u the issued capital stock of this
Article vnI-This corporation may be
SsNeo with the assent of the stock
n,H.i owing two-thirds of the issued
Mock Of the corporation at a meet
~ nsened for that purpose after no.
sueh meeting shall have been Civ
h stockholder in accordance with
~ - ~; provided for in Article V of this
Incorporation. In the event of the
pr,ssss Of this corporation by the ex-
H,irss Vi this charter or otherwise, the
an - and affairs of the corporation
&C., settied by three hquidators to be
~ ~ lumber at the meeting which de,
bs..,sw. hquidate. The fees and COM
liza sna Of the said liquidators shall be
Mia az determined at the meeting at
asIl hey are elected. Said liquidators