The herald., 1919-03-27
CHARTER

ARTICLE Widths corportion may be
dissolved with the assent ot the stockholders
owning two-thi-ds Of the issued capital stock
Of the corporation AZ meeting convened Tor,
that purpose after notice Of such meeting
shall have been given to each stockAplder
in accordance with the terms provided Tor in
Article V Of this act II Incorporation. In
the event Of the dissolution of this corpora
ton by expiration d this charter or other
wise, the business and affairs OF this cor
poration shall be settled by three hquida-
tors to be elected by the stockholders from
among their number at the meeting which
decided to lquidate; and said hquldat3rs
shall remain in office until the affairs Of the
shall have been fully llquldated,
and in case Of the death or disability OF one
or more OF the said liquida.orS. the sur
vivor or survivors shall continue 10 act I'M
der the provisions and in accordance with
the terms of Section 20 Of Act POI Of 1914.
ARTICLE NIlI.-No shareholder OF this
corporation shall ever be held liable Or re-
sp0nSible for any further sum than the IN
paid balapce due upon the shares OF stock
owned by him. neither shall any lnfOrmallty
Of the organization have the effect of rem
dering this charter null, or exposing share.
holder TO any liability beyond the unpaid
informality or irregularity in the orga-
nization have the effect Of rendering any
shareholder liable as a partner.
ARTICLE IN The subscribers hereto have
respectively written opposite their udlicS
the amount OF stock in this corporation sub
scrbed for by each Of them, together with
their post office addreSse $50 that this act
Of Incorporation shall serve as an original
subscription list. And here the subscribers
Eugene BuckmaSter. William P. Luck, and
Henry J. Malochee. severally declared that
whereas each one of them for more than
ten years past have been conducting bust
ness in the City of New Orleans on his own
account and also as sales agent and repre-
3
chinery, apparatus. machinery specialtieS,
and appliances under certain personal con-
tracts of sales agency, a detailed list OF
which contracts is hereto annexed, and have
also engaged in consulting and contracting
engineering and has built up during the period
aforesaid a sales organization; said Eugene
Buckmaster, said William p. Luck, and said
Henry J. MaloChee in payment of their re-
spective subscriptions to the extent OF fifty
shares of the capital stock of this corpora
ton to each of them, hereby assign, set over
and deliver the good will Of their said re-
spective business and sales organizations !;
and further severally obligate themselves.
their heirs and assign to turn over to said
corporation, Tor period OF one year from
the date OF this act of Incorporation as and
when the same shall be received, the pro-
ceeds. earnings and commissions to hereafter
become due to each of them on any con-
tracts sales entered into ami effected from
and after this date for their respective in
ceived by any one Of them as sales agent
and representative of said manufacturers
either under the contracts aforesaid or any
other personal contracts Of employment ger
name to any of the objects and purposes of
this Corporation which any one OF them
may hereafter enter into. And here the
said Eugene Buckmaster and Henry ].
MalOchee acting as two of the Incorporating
directors have appraised and do hereby ap-
praise the value of the good will of the bust
ness and of the sales Organization HERETOFORE
conducted by said William p. Luck indi-
vidually and hereby by him assigned and
delivered, at the of four thousand (S4,-
OOO0O Dollars and the said earnings and
commissions of the said William 7. Luck
to be earned by him from and after this date
for the period aforesaid under his individual
contracts AT the sum of one thousand ISL.
O000O) Dollars. And here the said William
p Luck and Eugene Buckmaster acting as
| two of the Incorporating directors have ap-
praised and do hereby appraise the value
| Of the good will of the business and the
sales organization heretofore conducted by
said Henry |. Malochee Individually ant
| hereby by him assigned and delivered a
the sum of four thousand ($4OO0OO dollar.
| and the said earnings and commissions o
| the said Henry ]. Malochee to be earned
| by him from and after this date for tn,
period aforesaid, under his said individual
| contracts at the of one thousand Isl,
OO0OM Dollars. And here the said Henri,
| J. Malochee and William p. Luck acting a
two of the incorporate directors have ap
praised and do hereby appraise the value o
| the good will of the BUSINESS and the sale
| organization heretofore conducted by SAT-
| Eugene Buckmaster individually and here
by by him assigned and delivered at tn
sum of four thousand G4,OOOOO Dollars an
the said earnings and commissions Of III
said Eugene Buckmaster 10 be earned b,
him from and after this date for the pero
| aforesaid, under his said individual con
| tracts at the sum of one thousand ($l0O000
Dollars. And the said William p. Luck
said Henry ]. Malochee. and said Eugen
Buckmaster, acting together as the Board o
Directors of this Corporation have appraise
and do hereby apprase the value of the SAT-
good will OF the business and sales organi
zation Of each of them and the said earning
and commissions of each of them to be earne
| by each Of them from and after this date a
aforesaid by each of them hereby assigned
transferred and delivered TO this corpora
ton at the sum of four thousand (S4,OOO0O
Dollars and one thousand (Sl0O0OM dollar
espectivey. And here said Eugene BucL,
master, said William P. Luck, and sal,
Henry J. Malochee having been first sever
ally sworn according to law, each declaret
! that fifty percent 5000 of the capital stool
of this corporation has been subscribed an,
paid for.
Thus done and signed at my office at tn
City of New Orleans. on the day. month AM
year, hereinabove first written in the pres
ence of William W. Westerfield and Elsi
| Johnson. competent witnesses VINO nave sign
ed these presnts together with said appearer
and me, Notary, after due reading of tn
| whole.
Witnesses: VIM w. westerfed. Elsi
Johnson.
| CNames Of subscribers omittedO
| (SeaD a W. COOPER,
Notary Public.
I, the undersigned recorder of mortgage
in and for the Parish Of Orleans, State 0
Louis na. hereby certify that the above an
foregoing act Of Incorporation Of BuckmasteI
| Luck NJ alochee. Inc, was this day du
recorded in my office in Book 1925 Folio =
New Orleans. March 3rd. 1910
/, (Signed) EMILE J. LEONARD. by. 4
I. the undersigned, Notary Public. hereb
certify that the above and foregoing is
true and correct copy of the original cha,
ter of Buckma ter-Luck -Malochee, Inc
; emitting the names Of the subscribers there
to. together with the certificate of the RI
( corder of Mortgages thereto appended.
New Orleans. Louisiana. March ;. 1919.
(SeaD A. W. COOPER.
Notary Public.
Mar 6-l5O,27; Apr. $40.
|