The herald., 1918-04-04
CHARTER
CHARTER OF
FL ECIRIC UTILITIES COMPANN, INC.

Be il known. that on this first day Of
the month of April. in the year one thou-
sand. nine hundred and eighteen; Before
me-. Lawrence VI. Janin. Notary PuOllc,
duly commissioned and qualified IN and
for the Parish Of orleans. State Of Louis
lana. aforesaid. therein residing and IN
the presence of the witnesses hereinafter
named and undersigned; personally came
and appeared:
The persons whose names are hersunto
subscribed. who declared thar awaiting
them selves of the provisions OF the laws
OF the State OF Louisiana. and particularly
Act No esT OF the General Assembly o.
the State of Louisiana for the year 1914
they have coveuauted and agreed and 10
by these presents. covenant. agree plAu
| form and constitute themselves as We'll as
| such and other persons - may hereafter
ioiu or become associated with them into
4 corporation and body polite IN law. toI
the objects and purposes and under the
agreements and sJipUlauoRs folioWlHE' 10
wit:
Article The name and style of thi:
CORPORATION shall be the Electric Utilities
COMPANY Inc" and under that name II
shall have and enjoy all the rights. sd-
vantageS and privileges granted bE law
20 CORPORATIONS IL shall exist Tor PERIOD
Of ninety-nins years from the date hereof
il shall have power and authority 10 sue
and be sued in its corporate name: 70
make and Use a corporate seal. and tht
same, TO break or alter at pleasure: "a
hold receive. purchase. convey. mortgage
and hypOtheyate property. real. personal
and mixed. 10 issue bonds. notes ana ON
~ obligations. 10 have and employ Su'h
managers. officers and directors, agents
and Other employees as the Interest and
convenience of the corporation may -
guire or demand. and 10 make and esta0'
lish such bylaws, rules and regulations
for the corporate management ana con
troll OF it, business and affairs a. may be
deemed necessary and eXpedient.
Article 1.-THE domicile OF the said cor
poration shall be in the City OF New or
leans. State OF Louisiana but II may e.
tahlish Offices and agencies throughout th'
United States OF America and foreign
countries.
All citations and other legal process
| shall be served on the President, and II
| his absence on the Vice President OF th'
said corporation. In the absence of m
President and YiCe-PreSident, then said
| process shall be served on the Secretary
Of the said corporation.
| Article lII.-The objects and purpose
| for which this corporation is organized
| and the nature Of the business 10 be ear
ried on by il are hereby declared 10 be
| to buy. sell manufacture and deal in, a
wholesale or retail. for its own aCCOun
or as agent. distributor or intermediary
all kinds and character of electrical appli
ancvS, apparatus. machinery. supplies ant
equipment of every kind and description
10 conduct a general electrical suppl
business in all of its various branches. Z
erect and construct or contract for tn
erection and construction OF building:
workshops and mechanical plants. an
generally TO do and engage in any othe
business. undertaking or enterprise con
ueCted with. growing out Of. incidental o
germane TO any of the objects and pur
poses hereinahOve set forth or contem
plated by this charter.
Article IY-The capital stock OF thi
CORPORATION i hereby fixed AT the sum Q
Five thousand 100000 Dollars. divide
into ffty tJlt shares OF the par value G
ln,r -, Nrh
shall be paid for in cash on the call q
the Board Of Directors. or may be- issue
At not less than par for property pun
chased BY or services actually rendered
The capital stock of the corporatio
may be increased 10 sum not eNcredln
Fifty thousand tSJOOUOOOl Dollars.
All shares OF stock shall BE- full PAL
and worcestershire. No transfer OF Stoc
shall be binding upon the corporation IN
less made upon it, books. and all Certir
Gates Of stock shall be signed by the OF
hcers designated by the Board Of Dire
tors
Article V.-AIl the corporate powers Q
this company shall be vested in and th
management and control Of its bushes
and affairs shall be exercised by a Boar
Of Directors composed of three 81 stock
holders. which number may be increase
TO not more than seven "a at the diScre
ton of the Board of Directors. ma
| iOrity of the Directors shall constitute
ness. The directors shall be elected an
nually by ballot OF the stockholders o
the second Wednesday of February /
each year. All elections shall be held M
der such rules and regulations as may
determined by the Board Of Director
but after at least fifteen days motto
thereof delivered personally TO such stocE
holder. or by depOSiting in the pOSt-oi
; nee properly addressed. notice TO eac
stOckholder. The directors thus electe
shall continue in Office for one year 9
until their successors shall have been dull
elected and qualified. All stOckholdel
) shall be entitled. in person or by write
proxy. TO one vote on each share of stoC
owned by him and standing in his nan
{, on the books of the corporation. No fai
: ure to hold an election shall be regarde
! as a forfeiture of this charter. Any Y,
! cancy occurring on said Board of Dire
tors shall be filled by the remaining d
rectors for the uneXpired term Sal
Board of Directors shall likewise elect u
additional members in case they shoul
] determine to increase the number of Il
Board as hereinabove provided. Sal
, Board Of Directors. shall at its first nee
ing elect from among its number, Pre-
: ident, one or more Vice Presidents a So
! rotary and a Treasurer. II may combiI
any two of said offices into one and ma
even elect Secretary, who is not stool
holder or director.
e Article Vino stakeholder shall ev,
/: be held liable or responsible for the col
! tracts. faults or debts of this corporatio
= nor snail any mere lDlOTm1llIE IN It's o
ganization have the effect of renderin
: this charter null or of exposing a stool
! holder to any liability beyond the unpal
.. balance due on the shares Of stock owne
] by him.
Article yII.-This act Of incorporate
may be changed. modified or altered by
vote of two-thirds of the persons ownin
e the issued capital stock OF this organic.
ton, at a meeting convened for that pu
: pose, after notice shall have been give
in the manner and form provided for
] Article of this act OF incorporate
, provided. however. that the objects an
! purposes for which this corporation is o
: ganized shall not be changed, modified {
altered or the capital stock of this CO
Doration increa sed to an amount excee,
: ing a maximum herein fixed or decrease
TO an amount less than the corporate il
debtedness. without the consent and al
prevail of the stockholders owning thre
fourths of the issued capital stock Of tn
corporation.
= Article yIII.-This corporation may I
dissolved with the assent Of the stool
7 holders owning two-thirds OF the Issue
stock of the corporation at a meeting col
vened for that purpose after notice of suC
meeting shall have been given TO eaC
provided for in Article ' Of this act
Incorporation. In the event Of the di
solution of this corporation by the eXpi
. alton Of this charter or otherwise. Il
business and affairs Of the corporate
: shall be settled by three liquidators to
elected by a majority of the stockholde
from among their number at the meetiI
which decides TO liquidate. The fees al
compensation OF the said lquidators shs
be fixed and determined at the meeting
which they are elected. Said hquidato
shall have full power and authority
q settle the entire business and affairs
the corporation. In the event of the dea
; or inability Of any of said liquidator