The herald. [volume] (New Orleans, La.) 1905-1953, 1918-03-07
CHARTERS.
CHARTER OF
s,o, IRON WORKS INcoRroR-
,aL Univ ATED.
OF

"a nine NUM- Notary Public, duly
- Robert and qualified in and Tor th'
s,nnisSiohen rieans. State OF louisiana
pshsh Oh therein residing. ana IN TN IN,
l,Sresau Of the witnesses n'r,ii 49,
pese99's and Undersigned i'reo"'''' >'''-,
I'd sPPeareeuus whose names are hereunt'
| The persoho declared that aNaIllnS
sbscriDeu' az the provisions on the EiWS
asmselyes Of Louisiana, and particular
4 the sta' OF of the General assembly
II act 60 S,ste of Louisiana Tor the year
& the ,hsy have coyenahtrd anu as
"a the! nv these presents, covenant
I'd DO, V' form and constitute them
,rree. blhu, as such other persons as
s1es IS ar ioin or become associated
| as hereai ;nto a corporation ana bOdy
Iiih neh law. for the objects ana pur-
,s6te ~ nnder the agreements ana sup
y's es aHV following. to-wll: ..-.,o 90 .hi,
t.isos 1.-The name anu ..,ior lion
,spOrslI1nl oornorated, and under that
TNks, mall have and enjoy all the
t.ps snntagps and privileges granted
| sghts, u'"anrnoratiOns: il shall exist Tor
B law " ninety-nine years from the
{ zero. II shall have power ana au-
hie ne 20 sue and be sued III us CorPoI-
bsssm TO make ana u.s. L. ~
st nsms mo same to break or after at
al SUI % hold, receive. purchase CON
psasurt, ,,,oce and hypOthecate property,
rs. noIsnsI and mixed; TO Issue bonds,
ral persVnn,b obligations: to have and
p0-ss anu o ~ managers, officers and direc-
SpG snts and other employees as the
or Ind convenience or the corpordllon
bssfssonire or demand, ana TO MAKE anu
Ta! I eg such bylaws, rules ana reSula
eabnsl ,be corporate management ana
ions ioI a. business and affairs as may
slifOl VI necessary and eNpedient.
n de1lo THE dOmiCile of the Sald
hRs shall be in the City OF New
NipoiIsa STATE of Louisiana, but II may
GtsaH9b offices and agencies throuShont
~ United States OF Ahlerl'" anu
Suniries. and other legal process
il cl'L.ar,ed on the President, and In
SsI r,oa on the Vice President of the
b. sbseno.ation. In the absence of the
sN gu and Vice President. then said
R'slus sbslI be served on the Secretary
me said corporation. . ,..
,s;eIs III.-The objects ana PurPoN'S
hE,G.b this corporation is organized
~ WEE WI nstnre of the business TO he car
3D. ue b~ n are hereby declared TO be:
% ~ general machine shop; TO
70 dtim" nannfacture and deal in. at
hE'sIe or retail, for its own account
as AGENT. distributor or intermediary;
si,Js and character of machinery ana
"a
sr A. contract for the erection ana
ulu..,s,,on of buildings, workshops and
NlaIut'aI nIants. and generally to do
- l.n,ga in any other business. under
-, ~ enterprise connected with, grow
~ az of incidental or germane 10 any
Ia objects and purposes herelhaDoNe
J, %,,h or contemplated by TINS charter'
ILL Iy-The capital stock of this
As..tion Is hereby fixed at the sum OF
P',,fbansond (S5,OO0O0 Dollars, divided
n ~ st,v CO shares of the par value OF
~ h"ndred (slOOOW Dollars, each, which
VA ks maid for in cash on the call of
=. Rssrd of Directors, or may be issued
.ot less than par for property pur-
a,sd BY or services actually rendered
he corporation. ,.,
bs Increased to a sum not exceeding
-, ,houSsnd $3.50 100000 Dollars.
AZ shares of stock shall be full paid
- AN assessablp No transfer of stock
IN no binding upon the corporation I'M
:, made upon its books, and all Certlh-
~. Al stock shall be signed by the Of
Srrs designated by the Board OF Dlrec-
little y-All the corporate powers of
Al company shall be vested in and the
r,nagement and control of its business
M ,sairs shall be exercised by a Board
Directors composed of three Cd stock
k5prs. which number may be increased
pOt more than seven "a at the diScre-
S,s Of the Board of Directors. A ma
~-ty Of the Directors shall constitute
s,srvn for the transaction of all bust
sN The directors shall be elected an
,r,lr by ballot of the stockholders on
4, second Wednesday of February in
al year. All elections shall be held
us,r such rules and regulations as may
\ Sstprmlned by the Board of Directors,
SrOf shall have been given to each
sskhOlder by such notice. thereof deliV-
nd personally to such stakeholder, or
D. depOsiting In the post office, properly
xirSsed. a notice to each stakeholder.
NJ directors thus elected shall continue
Sfiee for one year or until their sue,
eSsn shall have been duly elected and
WiE6ed. All stockholders shall be en- |
lid IN person or by written proxy. TO |
n vote on each share of stock owned by |
IN Snd standing in his name on the |
hsks Of the corporation. No failure 10 |
nd an election shall be regarded as a |
tisltun Of this charter. Any vacancy |
rurring on said Board of Directors shall |
filed by the remaining directors for |
h uneIplred term. Said Board of Di-
nien shall likewise elect the additional
nsubers in case they should determine to |
Drpas the number of the Board as here
Aboye provided. Said Board of Direc-
IN shah at its first meeting elect from
rang It's number, President, one or |
me Nce-Presidents, Secretary and |
nas1ref. II may combine any two of
70 erices into one and may even elect
srhry, who is not stakeholder or
gefm Said Board of Directors shall
I'VE ne right and power to appoint and
wnS such clerks and other employees
he corporation. including the Secre-
eG vho Is not stakeholder or director,
Sndtons may justify or the business
M corporation may require. The
aar Of Office Of all employees Of the
xpefsiion shall be during the pleasure
ne Board Of Directors.
nee VINO stakeholder shall ever be |
habie or responsible for the contracts,
Us OF debts Of this corporation, nor
my mere informality in it's organ
Lo nave the effect of rendering this
na null or of exposing a stakeholder
liability beyond the unpaid bal
que on the shares of stock owned
MTk VlI-This act of incorporation
changed, modified or altered by |
We o. two-thirds Of the persons own
le issued capital stock of this cor
r...S ~ meeting convened for that
after notice shall have been Civ
i.' ne manner and form provided for
Article ' Of this act of incorporation,
s srnN however, that the objects and
n,ss Ior which this corporation is or
Ss,s9S snall not be changed, modified or
r,,,. " the capital stock of this cor
~. increased to an amount exceed
maximum herein fixed or decreas-
ksA,.Ll amount less than the corporate
mr., .s without the consent and ap-
IA. me stockholders owning three
sss,,,, ~ 'he issued capital stock of this
Ss'ssss ylll.-This corporation may be
N" Win the assent of the stock
apa.I wing two-thirds of the issued
/. ss, ~ck Of the corporation at a meet
8, w .s for that purpose after no
an ~ Nh meeting shall have been Civ
I. t,,-s aockholder in accordance with
4 ~, provided for in Article V of this
tsa,,tsso fporation. In the event of the
It,iaa ~ o. this corporation by the ex-
hi,ss. THIS charter or otherwise. the
al Ia sna Affairs Of the corporation
stS ,se'.ed by three liquidators to be
u, M. the stockholders from among
cts "a I n at the meeting which de-
havfIa, uyuidate. The fees and com
I'D M VI the said liquidators shall be
Nh Rs. determined at the meeting at
al ~ are elected. Said liquidators
ole IA Ian power and authority to
n. t@N entire huSinaa. nf