The herald., 1918-04-11
CHARTER
CHARTER OF
ELECTRIC UTILITIES COMPANY, INC.
United States of America, State Of Louis |
lana. Parish Of Orleans, City of New |
Orleans.

the month Of April, in the year one thou
sand, nine hundred and eighteen; Before
me. Lawrence NJ. Janin. Notary PuOnc,
duly commissioned and qualified in and
for the Parish of Orleans, State of Louis
lana, aforesaid. therein residing, and In
the presence of the witnesses hereinafter
named and underslgnedi personally Came
and appeared:
The persons whose names are hereunto
subscribed, who declared that awaiting
themselves of the provisions of the laws
of the State of Louisiana, and particularly
Act No. 267 Of the General Assembly or
the State of Louisiana for the year 1914,
they have covenanted and agreed and 10,
by these presents, covenant, agree, blnd'
form and constitute themselves as well as
such and other persons as may hereafter
join or become associated with them into
a corporation and body polite In law, Tor
the objects and purposes and under the
agreements and stipulations following, TO-
wit:
Article 1.-The name and style of this
corporation shall be the Electric Utilities
Company, Inc" and under that name II
shall have and enjoy all the rights ad-
vantages and privileges granted by law
10 corporations: il shall exist for period
of ninety nine years from the date hereof
it shall have power and authority 10 sue
and be sued in its corporate name 10
make and use a corporate seal, and the
same to break or alter at pleasure; TO
hold, receive, purchase, convey, mortgage
and hypOthecate property, real, personal
and mixed. TO issue DOQuS. notes anu Olu-
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-
uuire 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 expedient.
Article 1.-THE dOmicile OF the said cor
poration shall be in the City of New Or
leans state of Louisiana, but it may es-
tabliSh offices and agencies throughout the
United States of America and foreign
countries.
All citations and other legal process
shall he served on the President, and in
his absence on the Nice-PreSident of the
said corporation. In the absence or the
President and ce-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
ried on by il are hereby declared TO be; :
to buy. sell, manufacture and deal in, at
wholesale or retail, for its own account
or as agent, distributor or intermediary,
all kinds and character OF electrical april
ances, apparatus, machinery, supplies ana
equipment of every kind and description;
TO conduct a general electrical supply
business in all of its various branches, to
erect and construct or contract for the
erection and construction of buildings,
workshops and mechanical plants, and
generally to do and engage in any other
business. undertaking or enterprise con-
germane to any of the objects and pur-
poses hereinabOve set forth or contem-
plated by this charter.
Article Iy.-The capital stock of this
corporation is hereby fixed at the sum OF
Five thousand ($5,0O0.OO) Dollars, divided
into fifty (JO) shares of the par value of
One hundred (S10O.O0) Dollars. each, which
shall be paid for in cash on the call OF
IS 40 iSSna6
at not less than par for property pur-
chased by or services actually rendered TO
the corporation.
The capital stock of the corporation
may be increased TO a sum not exceeding
Fifty thousand ($50O00.00) Dollars.
All shares of stock shall be full paid
and non assesable. No transfer of stock
shall be binding upon the corporation I'M
less made upon its books, and all Certii-
Gates of stock shall be signed by the Of
ficers designated by the Board Of Direc-
tors.
Article V.-All the corporate powers of
this company shall be vested in and the
management and control of its business
and affairs shall be exercised by Board
of Directors composed of three CD stock
holders. which number may be increased
to not more than seven ca at the discre-
ton of the Board of Directors. A ma
iority 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 I'M
determined by the Board Of Directors,
but after at least fifteen days notice
thereof delivered personally to such stock
holder, or by depositing in the post-of-
fee properly addressed, a notice TO 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
ha Cd in mr. NVriffQn
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 d.
| rectors for the unexpired term. Said
| Board of Directors shall likewise elect the
| additional members in case they should
| determine to increase the number of the
Board as hereinabove provided. Said
Board of Directors, shall at its first meet
ing elect from among its number, Pres
| ident. one or more Vice-Presidents. Sec
rotary and a Treasurer. 1t may combine
| any two of said offices into one and may
even elect a Secretary, who is not stock
| 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
| ganization have the effect of rendering
this charter null or of exposing 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 a
vote of two-thirds of the persons owning
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
| ganized shall not be changed, modified or
altered or the capital stock of this cor
poration increased to an amount exceed
ing a maximum herein fixed or decreased
to an amount less than thesc0rporate in
| debtedness, without the consent and APP
prevail of the stockholders owning three
| feurths 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 V 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 Hquidators to be
elected by a majority Of the stockholders
| from among their number at the meeting
which decides to liquidate. The fees and
compensation of the said hquidators shall
be fixed and determined at the meeting at
which they are elected. Said liquidators
| shall have full power and authority "a
| settle the entire business and affairs OF
the corporation. In the event Of the death
the survivor or survivors shall appoint a
| successor to him or them.