The herald., 1919-12-11
CHARTER.

stockholders, to borrow money, execute
mortgages, issue notes. pledges, bonds or
other obligations, in such amounts and on
such terms as in their Judgment may be
advantageous; and generally to do all
things reasonably necessary or convenient
for the proper carrying on of the business
of the corporation, and they are specially
authorized to issue and deliver full paid
shares of stocks and bonds, or other obli-
cations of the Company, in payment of
property acquired by said corporation.
Four directors shall constitute quorum
for the transaction of business. The Board
of Directors shall have the power, by a
vote of not less than a majority of all
directors, to sell all or any part of the
property, movable or immOvable, belong
ing to the corporation, or to receive in
exchange therefor money, or stocks or
bonds or other obligations of another in
diVidudl firm or corporation of any char
acter. without referring TO the Sharehold-
erS for power to do so. At any meeting
of the Board of Directors any director
absent from the meeting may be repre-
scented by any other director who may
cast the vote of the absent director III
accordance with written instructions given
by said absent director. Until the annual
meeting of 1920, or until their death.
resignation or removal from office, If prior
to that time, the Board of Directors shall
consist of the following: X. Moot, 70 Ards
ley Road. Schenectady, y. y: Geo. IL.
Wygant l6J East Boulevard, Baton Rouge,
La. J. Blanc MCnrOe, 1424 Louisiana ave
nue. New Orleans, La; Monte NJ. Lemahh,
63l1 St. Charles avenue, New Orleans, La.
Watts X. Leycrich. 1928 Pleasant street
New Orleans, La; Joseph W. Montgomery
Jl4 Walnut street, New Orleans, La. and
Walter J. SUTTON, Jr., 1873 Eighth street,
New Orleans, La. OF the foregoing Geo.
ii. Wygant shall be President; Monte NJ.
Lemaun, Vice President; j. Blame Monroe,
Secretary, and J. Blanc Monroe, Treasurer.
ARTICLE VI.-This act of incorporation
may be modified, changed or altered, or
this corporation may be dissolved i'll the
manner provided by law by a vote of two
thirds of the entire outstanding capital
stock present or represented, at meet
ing of the stockholders convened for such
purpose, after previous notice shall have
been given in the manner above required
to be given of the annual meeting of the
CORPORATION. The capital stock of the cor
poration may be increased or decreased by
proceedings in accordance with the laws
of the State of Louisiana.
ARTICLE Wifi this corporation shall
be dissolved, either by limitation or from
any other cause, its affairs shall be Hqul-
dated by three 90 iquidatorS to be APP
pointed at meeting of the stockholders
convened for the purpose of liquidation,
and to be elected by a majority vote OF
all the stockholders present or represented.
Said liquidatOrs shall remain in office I'M
til the affairs of said corporation snail
have been fully settled and liquidated
and they shall have full power and au-
thority to transfer and give title 10 all the
property and assets of the corporation
and to distribute the proceeds. In case OF
death, disability or resignation OF one or
more liquidatOrs, the vacancy shall be
filled by the survivor or survivors.
ARTICLE VIII-No stockholders shall
ever be held liable or responsible for the
contracts or faults of said corporation in
any further sum than the unpaid balance
due on the shares of stock owned by nm
nor shall any mere informatity in organl-
cation have the effect of rendering this
charter null, or of exposing any stock
holder to any liability beyond the amount
due on his stock.
In order that this charter may also
serve as the original subscription list
the subscribers hereto have indicated OPP
posite their respective signatures the mum
Der of shares of stock subscribed for by
each of them.
Thus done and passed in my office a
New Orleans. La. on the day, month ant
| year first above written in the presence o
| Il. L. Burbank and GvOnnc GOodrlch, com
! petent witnesses, who have hereunto SUB
Srribcd their names. together with me
| Notary. and said appearers, after du'
| reading of the whole.
Original signed. names of subscriber
omitted)
| Witnesses:
| r. L. Burbank.
| Yvonne Goodrich.
WATTS X. LEVERICH,
| Notary Public.
| |. the undersigned. Recorder of Mort
cages. in and for the Parish of Orleans
States of Louisiana. do hereby certify tina
| the above and foregoing act of lncorpora
| ton of the Gulf States Electric Company
Inc. was this day recorded in my office il
book 1871 folio az.
! New Orleans. Louisiana, December
1919.
EMILE ]. LEONARD,
Recorder.
| A true COPY
WATTS X. LEVERICH, Not Pub.
| Dec. 4-Jan. s.