The herald., 1918-05-02
CHARTER

| 10 corporations; IL shall exist for a period
| of ninety nine years from the date hereof,
| il shall have power and authority to sue
| and be sued in its corporate name; 20
make and use a corporate seal, and the
| same to break or alter al pleasure; TO
hold, receive, purchase, convey. mortgage
and hypothecate property, real, personal
| and mixed to issue bonds, notes and 9TH
~ obligations; to have and employ such
managers. officers and directors, agents
and other employees as the interest ana
convenience of the corporation may re-
quire or demand, and TO make and estab-
fish 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
uoration shall be- in the City OF New Or
leans. state of Louisiana. but il may -
t8blish Offices and agencies throughout 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 N!ce-P 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 70 be car
ri-d on by il are hereby declared TO be f.
to buy. sell manufacture and deal in. al
Wholesale or retail. for its own account
or a. agent, distributor or intermediary.
fHuer>. 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 10 do and engage in any other
business. undertaking or enterprise con
uectrd with, growing out of. incidental or
-ermane TO any Of the objects and pur-
poses hereinabOye set forth or contem-
plated by this charter.
Article IV.-The capital stock of this
corporation i hereby fixed at the sum Of
Five thousand t$JOuOO0 Dollars, divided
into city 100 shares Of the par value of
one hundred tSlOO.OOl 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-
chased by or services actually rendered TO
the corporation.
The capital stock of the corporation
may be increased 10 a sum not eNceeding
Fifty thousand $50 100000 Dollars
All shares of stock shall be full paid
and worcestershire. No transfer of stock
shall be binding upon the corporation un-
less made upon its books. and all Certif
Gates of stock shall be signed by the Of
icers designated by the Board of Direc-
tors.
Article V.-An 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 t0l STOCK
holders. which number may be increased
to not more than seven (7D at the discre-
ton of the Board Of Directors. A ma
jority of the Directors shall constitute a
quorum for the transaction of all busi-
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
der such rules and regulations may be
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-
tice. 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
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
j 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 tbs
additional members in case they should
: determine TO increase the number of the
! Board OF Directors, shall at its first meet
. ing elect from among it's number. a 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
holder or director.
: Article Vino stakeholder shall evel
: be held liable or responsible for the con
: tracts. faults or debts of this corporation
, nor shall any mere informality in its or
I ganization have the effect Of rendering
j this charter null or Of exposing a stock,
holder to any liability beyond the unpaid
, balance due on the shares Of stock owned
! Article vII.-This act of incorporation
) may be changed, modified or altered by q
! 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 OF
, altered or the capital stock Of this cor
, Iporation increased to an amount exceed
. ling a maximum herein fixed or decreased
to an amount less than the corporate in
Idebtedness, without the consent and APP
proval 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
:
alton Of this charter or otherwise, the
/ business and affairs of the corporation
: shall be settled by three liquidators to bt
elected by a majority of the stockholders
from among their number at the meeting
which decides to hQuidate. The fees and
compensation of the said liquidators shall
I be fixed and determined at the meeting al
which they are elected. Said hQuidators
: shall have full power and authority Il
settle the entire business and affairs oil
the corporation. In the event Of the death
or inability of any of said liQuidators
. the survivor or survivors shall appoint
, successor to him or them.
Article IX.-Until the election to be held
, in February, 1919; the following named
stockholders shall constitute the first
!, Board of Directors, viz: Schuyler B. Cole
man, Gayle Schneidau and David V. John
ston. with the said Schuyler b. Coleman
as President. the said David V. Johnston
as yice-President and the said Gayl'
-. Schneidau as Secretary Treasurer.
Article X.-The subscribers hereto have
respectively written opposite their name,
, the amount of stock in this corporation
! subscribed for by each of them, together
: with their post office addresses, so thai
: this act of Incorporation shall serve a;
5 an original subscription list.
Thus done and passed at my office In
this City, on the day. month and year
herein first above written, in the presenc,
of Stirring Patterson and George F. Her
!, Der. both of this City. competent wit
nesses, who have hereunto signed theii
:. names with the said appearers and me
. Notary. after due reading Of the whole.
3 Original signed)
, Gayle Schneidau, 1918 s. Liberty st.
Il Twelve D2l shares. David v Johnston