The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-09
CHARTER

it shall have power and authority to sue
and be sued in its corporate name; TO
make and use corporate seal, and the
same 10 break or alter at pleasure; TO
hold. receive purchase. convey. mortgage
and hypOtheCate property, real, personal
and mixed 10 issue bonds, notes and 9TH
er obligations. to have and employ such
managers, officers and directors, agents
and other employees as the interest and
convenience of the corporation may re-
quire or demand, and to make and estab-
liSh such bylaws, rules and regulations
for the corporate management and con-
troll Of its business and affairs as may be
deemed necessary and eNpedient.
Article 1.-THE dOmicile Of the said cor
pOratiOn shall BE- in the City Of New or
leans, State of Louisiana, but IL may IS
tablish offices and -enCies thrOu ghOut the
United states Of America and foreign
countries.
All citations and other legal process
shall be served on the President. and in
his absence on the Vice President OF the
said corporation. In the absence Of the
President and Vice President, then said
process shall be served on the Secretary
Of the said corporation.
Article III.-The objects and purposes
for which this corporation Is organized
and the nature Of the business to be car
rieG on by il are hereby declared 70 be
20 buy. sell. manufacture and deal in. at
wholesale or retail, for its own account
or a. agent, distributor or intermediary,
all kinds and character OF electrical appl-
=
equipment Of every kind and description :.
% conduct general electrical supply
business IN all Ot its various branches, TO
erect and construct or contract for the
erection and construction OF buildings.
workshops and mechanical plants, and
generally 70 do and engage in any other
business, undertaking or enterprise con-
uected with growing out Of, incidental or
poses hereinabOve set forth or COnrem-
plated by this charter.
Article Iy.-The capital stock OF this
corporation is hereby fixed at the sum Of
into NIFTY 800 shares Of the. par value Of
one hundred lSlOO.OO Dollars, each, which
shall be paid for in cash on the call 81
the Board of Directors. or may BE- issued
At not less than par for property pur-
.hased by or services actually rendered to
che corporation.
The capital stock of the corporation
may be increased 70 a sum not exceeding
Fifty thousand lSJO.OOOOO) Dollars.
All shares of stock shall b. full paid
and worcestershire. No transfer of stock
shall be binding upon the corporation IN
less made upon its books. and all Certiti
Gates OF stock shall be signed by the Of
hCers designated by the Board Of Direc-
tors.
Article y.-Au the corporate powers of
this company shall be vested in and the
management and control OF its business
ana dnalrS shall De exercised by 4 Board
Of Directors composed of three 81 stock
holders. which number may BE- increased
20 not more than seven "a at the diScre-
ton Of the Board Of Directors. ma
jOrity Of the Directors shall constitute a
quorum for the transaction of all bust
Ness. The directors shall be elected an
nually by ballot of the stockholders on
the second Wednesday of February in
each year. All elections shall be held IN
der such rules and regulations as may be
determined by the Board Of Directors
but after at least fifteen days notice
-. a Il. -,
holder, or by depOsiting in the pOSt-Of
nee. properly addressed. a notice 10 each
stakeholder. The directors thus elected
shall continue in Office for one year or
until their successors shall have been duly
elected and qualified. All stockholders
shall be entitled, in person or by written
proxy. TO one vote on each share of stock
owned by him and standing in his name
on the books of the corporation. No fail
ure TO hold an election shall be regarded
as a forfeiture of this charter. Any va
cancy occurring on said Board OF Direc-
tors shall be filled by the remaining di-
reCtOrs for the uneXpired term. Said
Board of Directors shall likewise elect the
additional members in case they should
determine 10 increase the number Of the
Board as hereinabOve provided. Said
Board of Directors shall at its first meet
ing elect from among its number, a Pres
ident, one or more Vice-Presidents, a See
rotary and a Treasurer. 1t may combine
any two OF said Offices into one and may
even elect a Secretary, who is not a stock
holder or director.
Article Vino stakeholder shall. ever
be held liable or responsible for the con
tracts. faults or debts of this corporation.
nor shall any mere infOrmality in its or
ganiZatiou have the effect of rendering
this charter null or of exposing Il stock
holder TO any liability beyond the unpaid
balance due on the shares Of stock owned
by him.
Article vII.-This act Of Incorporation
may be changed. modified or altered by
IL
the issued capital stock of this Organiza-
ton. at a meeting convened for that pur-
pose. after notice shall have been given
in the manner and form provided for in
Article of this act of Incorporation,
provided. however, that the objects and
purposes for which this corporation is or
gained shall not be changed, modified or
altered or the capital stock of this cor
pOration increased 70 an amount exceed
ing a maximum herein fixed or decreased
20 an amount less than the corporate in
debtedness, without the consent and ap
prevail of the stockholders owning three
fOurths OF the issued capital stock Of this
corporation.
Article VIII.-This corporation may be
dissolved with the assent Of the stock
holders owning twO-thirds Of the issued
stock of the corporation at a meeting con-
vened for that purpose after notice Of such
meeting shall have been given TO each
stakeholder in accordance with the terms
provided for in Article of this act Of
Incorporation. In the event Of the dis
solution of this corporation by the expir-
alton OF this charter or otherwise. the
business and affairs of the corporation
shall BE- settled by three liquidatOrs TO be
elecAd by a majority Of the stockholders
from among their number at the meeting
which decides to liquidate. The fees and
compensation Of the said IquidatOrs shall
be fixed and determined at the meeting at
which they ARE elected. Said liquidatOrs
shall have full power and authority TO
settle the entire business and affairs Of
the corporation. In the event of the death
or inability Of any of said liquidatOrs,
the survivor or survivors shall appoint a
successor to him or them.
Article IN.-Uutil the election to be held
in February, 1919. the following named
stockholders shall constitute the first
Board Of Directors, viz: Schuyler r. Cole
man, Gayle Schneidau and David V. John
stOn. with the said Schuyler B. Coleman
As President. the said David V Johnston
a. Vice President and the said Gayle
Schneidau as Secretary Treasurer.
Article N.-The subscribers hereto have
respectively written opposite their names
the amount of stock in this corporation
subscribed for by each Of them, together
with their pOst-Office addresses, so that
this act of incorporation shall serve as
an original subscription list.
Thus done and passed at my Office in
this City. on the day, month and year
Of Stirring ParkersOn and George F. Her
Der. both of this City. competent wit
neSses, who have hereuntO signed their
names with the said appearers and me-
Notary, after due reading Of the whole.
tOriginal Signed)
Twelve 12l shares; David V Johnston
323 :. Pierce St. One % share: :. r.
Coleman, 1446 Nash Ave, Twelve (12l
shares.