The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-11
CHARTERS.
CHARTER OF
,us UNION iron Sr TSHN'' 'S0oNf'"'

eonn. AZ orleans, state Vi "a IN tb.
Psrssssid therein reSiuiig, oa an" hereinafteI
presence "A undersigned Personally came
AID sppeaireeuus whose names are hereunto
The PefHwb who declared that aVainns
subseripeSs of the provisions OF the laws
theas state of Louisiana ana pgIcr,hiv
q the sSa 267 of the General Assembly
n act ~ of Louisiana for the year
Il the sIaS have cOvenanted and agreed
Tf4 tneJ ~ these presents, covenant,
sd ~. Find, form and constitute Ihein
agee, Ole" we'll as such other persons as
slIe' hsreafter join or Dtcoiae asSoei al
OK sS them into c tSi SHEETS and pmr.
peinc ~ nnder the agreements ana sup
PSs.ssss following, to-"lt:, .,,.ra Of this
AuHa,ion shall be the Unl9n iron .
e0fpelA Incorporated ana unuer 'tn nav
W@A'it shall have ana ENJOY an tm lJ
Bame n5Santages and privileges granted
rights, az enrporatiOns: 1t shall exist Tor
b. law NJ ninety -nine years from the
peiiVo n shall have power ana au-
dste ne 80 she and be sued in its corpor-
bofh2 10 make and use corporate
He md the same to break OF alIeI AT
seaL anc "a hold. receive, purchase, con-
pleasure, ,ssge and hypOthecate property,
Fy, mnusenal and mixed; to issue bonds,
real PeS other obligations; TO nave ana
roses inch managers, officers ana dlrec-
enpiV ,onts and other employees as the
or, and convenience OF the corporation
bleles"s, or demand, and to make ana
nay requ nncb by-laws, rules and regula-
ssssDisa, the corporate management ana
uens ~ VI its business and affairs as may
eonuO"ned necessary and eNpedlent.
DEM lem 1.-THE dOmicile of the said
Aarafion shall be in the Clty OF New
e eIpv1 state of Louisiana, but IL may
vs,bsh offices ana agehSles III fa. aUu1
United States Of America ana lorelSh
eentri s1,s,ions and other legal process
Al ~ served on the President, and in
SAn .hSence on the Nice-Prcsident OF the
~ ", "cornoration. In the absence OF tne
S,ssiSent and Vice-Presldent, tnen saIu
fies shall be served on the Secretary
ne said corporation.
..ic,e III-The objects and purposes
AhScb this corporation is organized
,hs nature of the business TO be car
~ an on by ii are hereby declared to be:
n ~ onerate a general machine shop; 10
pssi manufacture and deal in, at
esh.ssIs or retail, for its own account
vho AGENT. distributor or intermediary,
100 and character of machinery and
~, metal products; to erect ana con-
ss.1st ar contract for the erection ana
mss".structlon of buildings, workshops and
Sschanical plants, ana g eneirany 10 10
-
'Ias az enterprise connected with, grow
ni a. az incidental or germane to any
IsSs objects and purposes hereinabOVe
y, sorth or contemplated by this charter.
" ..s,cs Iy-The capital stock of this
..,noration is hereby fixed at the sum OF
wy thousand ($5,OO000) Dollars, divided
~. sfty (5O) shares of the par value of
asaShnndred ($lO000) Dollars, each, which
IN no Maid for in cash on the call OF
M BOARD Of Directors, or may be issued
Il moi less than par for property ,pur,
S,.sd by or services actually rendered
"a The corporation.
r,r he Increased to a sum not exceeding
F,tv thousand $50O00.00) Dollars.
All shares of stock shall be full paid
al NON assessable. No transfer of stock
sSsIl he binding upon the corporation I'M
- made upon its books, and all Certln-
s,ss Of stock shall be signed by the Of
ssrs designated by the Board of Direc-
Article y.-An the corporate powers of
M company shall be vested In and the
Management and control of its business
Ipd Affairs shall be exercised by Board
4 Directors composed of three 90 stock,
lolders, which number may be increased
70 NOT more than seven 90 at the discre-
ion Of the Board of Directors. A ma
orty OF the Directors shall constitute a
quorum for the transaction of all bust
ness. The directors shall be elected an
nsilly by ballot Of the stockholders on
he second Wednesday of February in
acA year. All elections shall be held
Under such rules and regulations as may
be determined by the Board of Directors,
but after at least fifteen days notice
thereof shall have been given to each
aockholder by such notice thereof deliv-
sed personally to such stakeholder, or
~ depositing in the pOst-Office, properly
addressed notice to each stakeholder.
he directors thus elected shall continue
IN Office for one year or until their sue
ossors shall have been duly elected and
qualified. All stockholders shall be en-
titled. In person or by written proxy, to
one vote on each share of stock owned by
books Of the corporation. No failure to
told an election shall be regarded as
ierfeture OF this charter. Any vacancy
erurring on said Board of Directors shall
e Allied BY the remaining directors for
The unexpired term. Said Board of Di- |
retor shall likewise elect the additional
members In case they should determine to |
Increase the number of the Board as here |
naboye provided. Said Board of Direc- |
@fs shall at its first meeting elect from |
inong its number, a President, one or |
nofe iice-Presidents, Secretary and a |
Treasurer. 1t may combine any two of |
nd Offices into one and may even elect |
saietary, who is not stakeholder or |
director Said Board of Directors shall |
nss the right and power to appoint and |
Isnlss such clerks and other employees |
y me corporation, including the Secre-
~ Who Is not a stakeholder or director,
eonditions may justify or the business
the corporation may require. The
saln Of Office Of all employees of the
ufporation shall be during the pleasure /
ne Board Of Directors.
IA. aMele VINO stakeholder shall ever be
.aa liable or responsible for the contracts,
nuts or debts of this corporation, nor
nsl any mere informality in its organ
a Auen nave the effect of rendering this
xf null or OF exposing a stakeholder
Say inability beyond the unpaid bal
y, cue on the shares of stock owned
Article vII.-This act of incorporation
oe changed, modified or altered by
we o. two.thirds of the persons own
$3.50. ne issued capital stock of this cor
m.on- az meeting convened for that
~Iese, after notice shall have been Civ
\ a.., sle manner and form provided for
s, Aluee v OF this act of Incorporation,
r-Mea, however, that the objects and
sloses for which this corporation is or
h ..sd snail not be changed, modified or
r,s,,aoi the capital stock of this cor
K, NV increased to an amount exceed
a. maximum herein fixed or decreas-
ha.S.'sln amount less than the corporate
naval ~ without the consent and ap-
MIA ,,S. Vi the stockholders owning three
s,ns.s,s 81 the issued capital stock of this
asn,sss till.-Th.s corporation may be
hIdssss with the assent of the stock
upissi wing two-thirds of the issued
he ea, mock OF the corporation at a meet
4. a. ssi for that purpose after no
a IA ~ Sen meeting shall have been Civ
IL ,s,sa ea stockholder in accordance with
sr a. % is provided for in Article V of this
tissoi,. Evaporation. In the event of the
pr,tioa ~ Of this corporation by the ex-
husnss. vi THIS charter or otherwise, the
Dan hs ana affairs of the corporation
setss settled by three liquidators to be
Aer NM, me stockholders from among
ddss t "a ns at the meeting which de-
pls,t,a, nquidate. The fees and COM
tred sna y, the said liQuidators shall be
vAich IT, aetermined at the meeting at
hsl kssss are are elected. Said liquidators
MI n.e Iuii power and authority to
tx enc entire bustnaSS ond oAoirS of |