The herald., 1919-03-20
CHARTER OF PLEDGER APPLIANCE


United States of America Parish of Or
leans City OF New Orleans. Be it known
that on this 2lst day of the month of Feb
raury, IN the year of our Lord, one thou
sand nine hundred and nineteen and of the
Independence OF the United States OF
America, the one hundred and forty third; be
tore me, Ethelred Macaulay Stafford, No
tary Public, duly commissioned and ouali
lied IN and for the Parish of Orleans. State
OF louisiana, and in the presence of the
witnesses hereinafter named and undersign-
ed, personally came and appeared; the sew
eral persons whose names are hereunto SUBJ
scrloed, all above the age of majority, who
severally declared that, awaiting themselves
OF the provisions of the laws of the State
OF Louisiana relative to the formation and or
ganlzation of corporations. and particularly
ACT No. 2o7 OF the Acts of the General AS
sembly of this State for the pear 1914. ap-
proved July 9th, 1914. they have covenanted
and agreed, and do, by these presents. cove
nant agree land bind themselves as well as
sucn other persons who may hereafter be-
come associated with them, or their success.
sors, to form and constitute a corporation in
law, Tor the objects and purposes and under
to-wt: o
ARTIMLE 1.-The name of this cornora.
tion shall be: Pledger Appliance Co. Inc.
and, under its said corporate name, II shall
nave authority to have and enjoy success
sion tor the term of Ninety. nine years from
and after the date hereof; to contract. sue
COrDOratR
seal, II desired, and the same to break or
after at pleasure; to hold, receive, lease
purchase and convey, as we'll as mortgage
ana hypothecate property, real. personal and
mixed, corporeal or incorporeal; to name
and appoint such managers, agents. directors
and officers as its business interest and
convenience may require, and to make and
establish, as well as alter and amend from
nme to time. such bylaws, rules and regu-
lations for the government of its affairs az
nd 81.
duct of its business
ARTICLE 1.-THE domicile of this cor.
poration shall be at the City of New Orleans.
LOUISIANA; all citations. or other legal pro-
sad corporation, or in his absence or in.
abltity to serve, upon the vice-president
and in their absence, the law directs
ARTICLE III.-The objects and purposes
81 tnIs corporation. and the nature of the
business to be carried on by it. are hereby
declared De to be: To purchase from d. I.
Pledger his right to a patent applied for
and his appliances. namely: Pledger's Gas
saving Accelerator; Pledger's Humidifier.
tor fifty three shares of common stock and
nfty-two shares of preferred stock in this
company, at the par value of one hundred
dollars each; to promote, prosecute and safe
guard the interest Of these several inven-
tons; to engage in the manufacture and sale
Of said appliances and other automobile an.
pllances and accessories, and in general 70
do all such things as may be proper and
necessary to the objects and purposes herein
set out. ~-''
ARTICLE IV.-The capital STOCK Of tb;s
corporation shall be: Twenty Thousand.
-Four Hundred Dollars 1870, 10000. divided
into Fifteen Thousand Two Hundred Dol.
Jars tSlo,6OUO, or l52 shares of common
STOCK; and Five Thousand Two Hundred
ttso;H"Oo) Dollars. or 81 shares preferred stock.
both issues of stock at the par value Of
One Hundred Dollars per share. The nre.
Ierred stock OF this corporation to enjoy the
same rate of dividends as the Common stoct,
said preferred stock, however, is not n en-.
Joy any voting powers at meetings of stock
haluers or the election Of Directors and
oilcers. FIFTY per cent of the canital
stock of this corporation must he suhscr;bod
before the filing of articles of incornorat;or
wnlch snail be payable in cash, or in proD
cry real or personal. Fifty per cent Of
an STOCK subscribed for must be actually
nald IN before the corporation engages I,
business and the remainder w;tb;n +u,s,Ia
months thereafter. ~ t"ei'e
ARTICLE YAH of the corporate nou,e-s
81 ms corporation shall be exercised nv a
noa I OF Directors. consisting of eight
s saoeknoiders. which can be increased 10
we've by vote of Board of Directors who
VIII elect said new directors. a majority ~
Whom snail constitute a quorum for ,bs
transaction Of business The Board az nj.
fectors shall annually elect from tbe;- nun.
per President. Vice President and See.
se reasurer The Board shall appoint
I'm time to time, such officers. agents.
clerks and employees as they NAV deem
proper Tor the carrying on properIv az ,bs
business OF the corporation. who shall boId
oLIice at the pleasure Of the Board. or NAV
rpht manager with the power to en-
anu hiscnarse such agents and EMPLOYEES
as may be deemed necessary. Said Ros-J
NAV make. alter. ard amend anv and iii
such bylaws and rules and regulations for
'he government OF the business nd affairs