The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-04
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 obi
cations of the Company, in payment of
property acquired by said corporation.
Four directors shall constitute a quorum
for the transaction of business. The Board
of Directors shall have the power, by n
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 stock, or
bonds. or other obligations of another in
dividual, firm or corporation of any char
acter, without referring to the sharehold-
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
east the vote of the absent director, in
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
cOnsistof the following: X. Moot, 70 Ards
lev Road Schenectady y. y; Geo. IL.
Wygant, I65 East Boulevard, Baton Rouge,
La; J. Blanc Monroe, 1424 Louisiana ave
nue., New Orleans, La; Monte NJ. Lemann,
63lI st. Charles avenue, New Orleans, La. !;
Watts h. Leverich, 1925 Pleasant street,
New Orleans, La; Joseph W. Montgomery,
Ola Walnut street, New Orleans, La, and
Walter j. SUTTON, Jr., 1915 Eighth street,
New Orleans, La. OF the foregoing Geo.
II. Wygant shall be President; Monte NJ.
Lemann, e-President; j. Blanc 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 in the
manner provided by law by 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 liqui-
dated by three (3) liquidatOrs to be ap-
pointed at a 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 shall
and they shall have full power and au-
thority to transfer and give title to 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
49, h
nor shall any mere informatity in organi-
zation 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 op-
posite their respective signatures the num-
Der Of shares of stock subscribed for by
each of them.
Thus done and passed in my Office at
New Orleans, La, on the day, month and
year first above written in the presence of
r. L. Burbank and Yvonne Goodrich, COM
petent witnesses who have hereunto sub
scribed their names, together with me,
Notary, and said appearers. after due
reading Of the whole.
Original signed. (Names of subscribers
Omitted.)
Witnesses:
r. L. Burbank.
Yv0nne Goodrich.
1, the undersigned, Recorder Of Mort
cages in and for the Parish of Orleans,
States of Louisiana, do hereby certify that
the above and foregoing act of incOrpora-
ton of the Gulf States Electric Company,
Inc. was this day recorded in my office in
book 1891 folio .....
New Orleans, Louisiana, ......... 1919.
EMILE J. LEONARD,
Recorder.
A true copy.
WATTS X. LEVERICH, Not Pub.