The herald. [volume] (New Orleans, La.) 1905-1953, 1918-11-07
CHARTER.
TUE UTILITIES CO., INC.

In. and OF w the one hundred and forty
S,ates oil AE E". me. Henry 7. Dart, Jr.,
bird piSi;r duly commissioned ana guam,
Notary "a for this City and the farlsh OF
fed ~ therein residing anG !" uIe PJ i
orleans .he witnesses hereinafter ana uhuTr
,nce on he.a,ally came and appeared: the
signed, P'-sonS whose names are hereih-
GLOWING Ppr;bed. together with amounts OF
sfef s"osctiye subscriptions 10 tHe SdPltdI
,heif he corporation to be formed, VINO
SOCK ~, declare that aVdllihS tle"lseiv We
,syersily s;sions Of the general laws OF the
a the pforSs;,ra relative to the organi-
State Oh LHrnorations they have covenanted
ratiOn OF nd do by these presents cove
ard sgfI' aeree and bind and oblIgate them
nznt anu sseIl as such other persons as may
seiveS, become associated win mem OF
heresfier sors 10 form and constitute them
their success corporation and body polite
selves ~ obiects and purposes and other
and ioi ~ and stipulations following TO-
sgreementS anu
sitvTTOLE 1.-The name and. ana t''e Oh I'm ,ne
P.ndsr its corporate name II snd!i nay .te
and unaei .xistence and succession for the
and ENJOY ;ns,v.nine years from this date
term o. 81 lights. advantages and privileges
and an us law 10 corporations, including
granted a. contract, sue and be sued IN
the p"o,,te name; 10 make ana use d COZ
is oo'P,I and the same to break ana
at pleasure; 10 hoII' ,,Sora-t,y
alter phvnothecate and pledge property,
mortgage .so,al 10 issue bonds, notes and
real anu pps,;ons: 10 have and employ man
other ogIe,o,s officers, agents and other
ayers W as the interests and convent
enpOy ~. corporation may require; 10 make
enee o,.bl;sh such committees ana 10 create
anG ,,Iss. regulations and bylaws ioL me
such tao,,s management and control OF the
eq mP;"s al the corporation as may NC uee"''u
aiidhS ,,d eNpedient.
neessgSS1GyI + 1.-THE dOmiclle OF TINS cor
Ak NSL,Il he in the City of New Or
pofat''SS ,s,e OF Louisiana and citation ana
issns' legal process shall be served upon upon
C President or, in his absence Oh ' ,no
me from any cause whateEer' upon
20 aG .s;Jent of the Secretary Treasurer.
NeeTTICIE III.-The object and purposes OF
An .Ior.no-ation are to manufacture com,
THIS dr.nare or otherwise make, liquid
pounu ,'o,yents, polishes and cleaners, 10 SCI,
soap s;tber al wholesale or retail Dny, sen
sane ii !, chemicals, chemical compounds
and aear .;cslIv prepared proprietary articles;
ana IN in trade and commerce IN all ITS
% satS,oes and phases; TO have, hold, &C
tofms sIaf sell. let ALLEVIATE or trans
quir., md all Offices real estate, buildings
T,chinery necessary foT the CONDUCT
-. business; to have, hold' acquire pos
Ssss, SELL let, alternate OF 80,
S t. natents and patent rights or copy,
MASS ar,;viIeges and inventions; TO hold
ners' P,Lsre generations and bonds of the
sSA "a az the United States and OF the
s an AZ Louisiana, and generally to do and
sS.sso,m ali things needful, necessary, proper
,s,ful for the acoompli shment OF the pnr-
~ the corporation, the whole IN the
es.' y Iou;siana, the states territories and
SAVe I.s;ons az the United States and in for
H.,.,.s and territories with the night 10
ssn 0ff;ees and places of business and agents
H.S rsnresentatives in any and all OF the
sane. -
lpTICLE IV.-The capital stock OF this
..1ao-,tion is fixed at Fifty thousand dol
i,rs $4,000, divided into twenty-five hun
Ia shares Of the par value of Twenty $50
TT.ss aacb 10 be paid for in cash or in
yves actually rendered or in property pur-
x.d nv the corporation. Twenty-Five
tI.1ssnd dollars ISIS 600 of said stock may
4. ,ssd in payment for the exclusive night
"a manufacture compound or otherwise make
the LIQUID soap solvent, known as Glas-Olos'
leading 10 the formula owned by LOUIS A.
Rlork and protected by letters patent or copy
-, NOW pending in the Patent Office of
~ IInited States together with the eNclu-
Nv, righ, TO yend the same in the United
S,,,es territories and possessions and IN tor.
,;yp states and territories for period OF
~ wears from date hereof; the value OF the
nsbt 50 acquired and the option hereinafter
sr,nted being hereby appraised for the sum
II Twenty five thousand dollars (S25,0OO), and
N. Board OF Directors is authorized TO &C
ouire said rights from the said Louis "A.
Block and in payment therefor, to issue GER
tScates of stock for the amount of shares
equal 10 the number OF shares subscribed
for Nv other subscribers or stockholders and
thereafter in amounts so that he shall re-
eeiye as shares of stock are subscribed for
by others certificate for shares equal IN
number TO the shares so subscribed; and
Il. said Louis A. Block hereby grants an
exclusive option to the lessee to purchase
said formula and all trade names, trade
marks copyrights and patents protecting said
formula or trade name at the expiration OF
two years from date hereof at a price TO be
fixed and determined by a majority vote OF
the Board of Directors of said lessee after
giving full and fair consideration TO the
value Of said formula as may be evidenced
by the business and profits OF said lessee
derived from the use of said formula during
said period Of two years. payable in capt.
tai stock Of the lessee; should the price so
determined be more than the unissued capt.
tai stock Of the lessee, then this charter shall
be amended and the capital stock increased to
such sum as will enable the lessee (this COM
pany) TO acquire full ownership of said for
nula- and pay for same in stock. The
capital stock may be increased to One Mil
hon xlmmO0 Dollars. The capital stock
Of this corporation is issued and held under
me irrevocable agreement, contract and con-
drtons that no sale or transfer of the stock
snail be recognized by the corporation I'M
sss and until it shall have been first offer
ca IN writing 10 the corporation at the book
value thereof as shown by the last audit of
NE books within six months of the offer for
ne use and benefit Of other stockholders, who
are hereby granted the absolute first right
ana privilege to purchase same at the price
na,,d and 10 accept (Which shall be in writ
inO and pay therefor within thirty days af-
ffa~ -L.11
nsht and the rights conferred in this Article
me Charter shall follow the stock into
s s1s'ever hands it may go. Failure of the
ne'oer or possessor of the certificate of stock
produce or deliver same shall authorize
e ofporation to receive in trust the price
neeoi to cancel such outstanding certifi-
aus on the books of the corporation and is
we new certificates therefor. The stock so
E1orased shall be divided among the re-
a4hins stockholders as may be desired by
-e.. and IN default of agreement, in pro-
raaoh 10 their several holdings and upon
ryment OF the price thereof. This corpora
y. mail De the agent of the stockholders
esaiiy empowered through its Board of
Se9ois TO enforce and carry out all of
~, 1esoing provisions regarding stock in
"n corporation.
ARTICLE Vail the corporate powers
.sw ma oy law or this charter on corporations
q ~. e exercised by the Board of Directors
s corporation, including the right TO
~. Ase control and direct the affairs of
a. cooperation. the corporate policy, to sell
60. 0pofaton or to merge il into another
an. suon and to take in payment of any
60. sIe or merger, cash, bonds. notes or
NJ. " the purchasing or merging corpora
prr,... VI 4 new corporation created for the
So Without the necessity of referring
N. p any Of said acts to the stockholders.
DIR peosrd OF Directors of this corporation
e., e composed of five stockholders The
S,l Soara OF Directors under this charter
1 &c, LOUIS A. Block, N. ]. Barrels, NJ.
E.r.n, hugues Fernandez and BENZ. w.
WIN Louis A. Block as President,
fsrnans.,, 'os e first viee-President, Hughes