The herald., 1918-11-14
CHARTER.
TUE UTILITIES CO., INC.

i.,ns. BE i - October, in the year OF our
q the montI ',s,nd nine hundred and eigh,
iSrd, one g the Independence OF the SH n.t
ter, snS America, the one huBu'T ~ anu rO
- Before III, III, commissioned and quail.
Sotary Pnol'tf e. This City and the PaHsh OF
ed in anu .;, residing, and IN the pres
orleans, tne..;,nesses hereinafter and under
saoe o uiessonally came and appeare1' iiIe
ssned Fae,sons, whose names are nc e
klOsm, seribed, together W. - The raoi,si
,hef soou"r,;ye subscriptions 10 tne SdPIIal
,h,r respecN co,noration TO be formed, VINO
s,oek Of inc rrs that availing themselves
.,ysrslly otr;ors of the general laws OF the
a the P'VIn,,isiana, relative 10 inc oIsdIIl,
SAFE Of Do~norations, they have coVenahtcu
nnon % and do by thesG PLIsoa.o ,Ler,.
,xni and asn az such other persons as may
lives, as 49, associated with them or
s,reaftef peeIs N form and constitute them
,Scir suecess corporation and body polite
s,ves mo obiects and purposes and other
and ioI -,s and stipulations iol'o"i"s' !"
-: The name and title of the
ARTICLE Ill he the Utilities Co., Inc,
oOrpOration =. corporate name 1t shall nave
and under x;stence and succession tor the
and enlO' ,;nety-nine years from lhis ua1e
term -. rights. advantages ana PrEllSses
and az Nv law to corporations; inei 1I y;
gsn, "oser to contract sue anu md rse a cor.
is oofpoisI and the same to break ana
oorzte seal ,-e. 10 hold, receive, convey,
Alter al P,S.,oothecate and pledge property,
mortgage nysoraI 10 issue bonds, notes and
real ana ,;Sa,;ons; TO have and employ man
other S;rsctors, officers agents anu n.';
ayers, as the interests ana convent
employees corporation may require; to make
enee Of t In;,S snch committees and TO create
and estSD'' ,.onlations and bylaws Tor the
such fues,. management and control OF inc
eofpofsg the corporation as may De deeheu
aii sns and expedlent. 81, H.. .o-
neIsPTICLE 1.-THE donlI S;t, % % NeY Or.
pOratoa s of Louisiana and citation and
leans, SIei o-ocess shall be served upon
othef Ns in,, or. in his absence or lnaolhty
me tom any cause Whatever upon
70 aa n OF the Secretary treasurer.
NeeSTrTCIF III.-The object ana purposes %
-. oorpora,iOn are to manul HsIn LIQUID
pound, .nts polishes and cleaners; TO sci,
soap sore y, wholesale or retail, buy, sell
sane eiIH CHEMICALS, chemical compounds
ana sJsesm;cally prepared proprietary articles iS
ana els in trade and commerce IN an us
ens sbapes and phases; to nave hoIu, DC
ions .assess sell, let, ALLEVIATE or trans
guire' PSS al offices. real estate, buildings
fer any h;ns,v necessary. for the conduct
ana S.,s;,ess. 10 have, hold, acquire, pos
"' Iii let ALLEVIATE or transfer uaue
Ss, patents and patent nights or copy,
mIS pr;yileges and inventions; 10 h0Iu
ngns' IN, generations and bonds OF the
SOCK N ID - the United States and OF the
sane ~ Ionisiana, and generally to do and
S1ss " III things needful, necessary, proper,
Psilot Cor the accomplishment OF the pur-
u' - an, corporation, the whole in the
80 Al Louisiana, the states territories anu
s. 80. Of the United States and IN ior-
- states and territories win the ,lghl 70
es- .fs;ces and places of business and agents
~" ,sa,ssentatiyes in any and all OF the
ame. ii. = ~;
,.,;on is fixed at Fifty thousand dol
~ gaOOO. divided into twenty-five nun
~ Tssrs Of the par value of Twenty (S2O)
nsI.rs each, to be paid for IN cash OF IN
lives actually rendered or IN property Pur-
I..d nv the corporation. twenty-five
ela S ao,lars (s25OOO of said stock may
4. -ssd IN payment for the exclusive right
= m,nufacture, compound or otherwise make
y. Iou;d soap solvent known as Glas-GIos,
.'..,s,sg TO the formula owned by Louis A.
pIrk and protected by letters patent or copy.
r;sht now pending in the Patent Office oil
ne United States, together with the eNclu,
~, riaht to vend the same in the United
S,S,s territories and possessions and in for,
,;rn states and territories for period OF
~ wears from date hereof; the value of the
,;,bt "a ACQUIRED and the option hereinafter
granted being hereby appraised for the sum
a Twenty-Five thousand dollars (S2oOOO), and
NJ BOARD Of Directors is authorized to &C
rr;r, aid rights from the said Louis A
piock and in payment therefor, to issue GER
,ifcates Of stock for the amount of shares
.oual 70 the number of shares subscribed
tos by other subscribers or stockholders and
thereafter in amounts so that he shall re-
GIVE as shares of stock are subscribed fol
Co.
number TO the shares so subscribed; anc
he said Louis A. Block hereby grants ar
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
ne Board Of Directors of said lessee afteI
irving 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 capi
tai stock Of the lessee; should the price SC
determined be more than the unissued CAPT
tai stock Of the lessee, then this charter shall
be amended and the capital stock increased tc
such sum as will enable the lessee (this com
pany) 10 acquire full ownership of said tor
nula, and pay for same in stock. The
capital stock may be increased to One Mil
hon si.mWo0O Dollars. The capital STOCK
Of this corporation is issued and held under
ne irevocable agreement, contract and con
dtions that no sale or transfer of the stock
shall be recognized by the corporation un
iey and until il shall have been first offer
ed IN writing to the corporation at the book
value thereof as shown by the last audit OF
ne hooks within six months of the offer toI
me use and benefit Of other stockholders, who
ae hereby granted the absolute first right
and privilege to purchase same at the price
stated and 10 accept (Which shall be in writ
~ and pay therefor within thirty days al
- such offer shall have been made. The
ngm and the rights conferred in this Article
the Charter shall follow the stock into
1ziever hands il may CO. Failure of the
Roer or possessor of the certificate of STOCK
produce or deliver same shall authorize
@ cofporation to receive in trust the price
hereof, to cancel such outstanding certifi
cses on the books of the corporation and is
We new certificates therefor. The stock 81
Ncnsed shall be divided among the re
aAnns stockholders as may be desired by
re@ and in default of agreement, in pro
Ntlcn TO their several holdings and upor
ryment OF the price thereof. This corpora
mail be the agent of the stockholder'
Suahy empowered through its Board o.
Ir9ors TO enforce and carry out all o
foregoing provisions regarding stock II
ms corporation.
MiiCLE Vail the corporate power
Ns,ed BY law or this charter on corporatio
sa'i oe exercised by the Board of Director
ms corporation, including the right t
saAse. control and direct the affairs o
"a "a orporation, the corporate policy, to sci
@ oporaton or to merge it into anothe
80 non and to take in payment of an
80 aie or merger, cash, bonds, notes o
the purchasing or merging corpora
Of new corporation created for th
;Ne without the necessity of referrin
N. o. any OF said acts to the stakeholder:
49,, posrd OF Directors of this corporatio
g.. a oe composed of five stockholders. TIL
AZ, eoard Of Directors under this charte
Louis A. Block, N. ]. Barrois, N
Smith, Hughes Fernandez and BENZ. "
Nj with Louis A. Block as Presiden