The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-30
CHARTER
OF INDUSTRIAL IRON WORKS, INC.

|
State of Louisiana, Parish of Orleans, City
| of New Orleans.
Be 1t known. that on this 18th day of
May, 1913, before me, Herbert W. Kaiser.
| a Notary Public, duly commissioned and
qualified, in and for the Parish and State
| aforesaid, and in the presence of the wit
| nesses hereinafter named and undersign-
| ed, personally came and appeared the per-
sons whose names are hereunto subscrib-
| ed, who declared that. availing themselves
of the provisions of the laws of the State
of Louisiana, and more particularly of the
provisions of Act No. 267 of the General
Assembly of the State of Louisiana for the
year 1914, they have cOvenanted and
agreed, and do by these presents coven-
ant, agree, bind and constitute themselves
as well as such persons who may hereaf-
ter join or become associated with them,
into corporation and body polite in
law, for the objects and purposes and I'M
der the agreements and stipulatiOns fol-
lowing. tO-wit:
Article 1.-The name and style of this
corporation shall be industrial Iron
Works, Inc" and under that name it shall
and privileges granted by law to corpora
tiOns. 1t shall exist for a period of nine
ty-nine years from date hereof, unless
sooner dissolved; IL shall have power and
authority to sue and be sued in its cor
pOrate name; to make and use corpOr-
ate seal, and to break and alter the same
at pleasure; to hold. receive, convey, buy,
sell, mortgage and hypothecate real per-
sonal and mixed property: to issue bonds,
notes and other obligations: to have and
employ such managers, officers, agents
and employees as the interest and convent
ence OF said corporation may require; and
to make and establish such laws rules
and regulations for the corporate manage
ment and control as the business and af-
fairs of the corporation as may be deemed
necessary and eXpedient
The domicile of this corporation shall be
in the City of New Orleans. State of Lou
isiana. All legal process shall be served
on the President and in his absence upon
the Secretary Treasurer.
Article III.-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by il are hereby declared to be:
To engage in the general contracting bus
mess, to do engineering work and to act
| as manufacturers agent; to buy, sell,
manufacture and install all size storage
tanks structural steel work. smoke stacks
and boilers: to buy, sell, manufacture and
install steel plates, steel Sheets angle
iron, l beams, channels, bar iron rivets,
pipes and fittings, cast iron and steel
flanges, boiler tubes and other stock kin
dred thereto; and generally to do and en-
gage in any other business. undertaking
or enterprise connected with or growing
out of and incidental to the objects as
set forth or contemplated in this charter.
Article IV.-The capital stock of this
corporation is hereby fixed at the sum OF
thirty thousand (S30,0O0) dollars, which
capital stock may be increased in the
manner provided by law TO the sum or
two hundred and fifty thousand $3.50 OO0)
dollars. Said capital stock shall be divid-
ed into three hundred shares Of the par
value of one hundred ($100) dollars each.
Said stock may be issued full paid and
non assessable for cash, or for property
transferred for value, or for services actu-
ally rendered said corporation. No trans
fer of stock shall be binding upon the cor
poration unless made upon its books, and
all certificates of stock shall be signed by
the President and the Secretary Treasurer.
Article V.-No stakeholder of this cor
pOration may offer for sale, sell, assign
or transfer his stock in this corporation
without giving to the other stockholders
thirty days prior notice OF such intention,
which notice shall be given in writing to
the President of the corporation and shall
by said President be Immediately made
known to the Directors of the corporation,
and the other stockholders shall have the
privilege of purchasing said stock at the
exercised within thirty days from date of
delivery of said notice to the President.
Article VI.-All corporate powers of this
corporation shall be vested in, and the
management and control of its business
and affairs shall be exercised by, a Board
of Directors composed of three stOckhold-
ers. A majority of the directors shall con-
stitute a quorum for the transaction of all
business. The Board of Directors shall,
Der President, a Vice-President and a
Secretary Treasurer. Immediately after the
execution of this act Of incorporation the
subscribing stockholders shall elect the
Board of Directors OF this corporation,
which Board of Directors shall hold office
until the first Wednesday of January, 1918,
and thereafter the directors shall be elect