The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-03
CHARTER

ARTICLE NII.-This corportion may be
dissolved with the assent OF the stockholders
owning two-third5 Of the issued capital stock
Of The corporation at 4 meeting convened 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 dissolution Of this corpora
ton by expiration OF this charter other
wise, the business and affairs Of this cor
poration shall be settled by three hquida-
tors 10 be elected by the stockholders from
among their number at the meeting which
decided to Hquldate and said liquidatorS
| shall remain in office until the affairs OF the
corporation shall have been fully lquidated
and in case Of the death or disability OF one
or more OF the said liquidators, the sur
vivor survivors shall continue to act un-
der the provisions and in accordance with
the terms of Section 30 OF Act 267 Of 1914
| ARTICLE NIII.-No shareholder of this
corporation shall ever be held liable or re
| SponSible for any further sum than the un-
! paid balance due upon the shares OF stock
| owned by him, neither shall any informality
| OF the organization have the effect of rem
dering this charter null, or exposing share,
| holder to any liability beyond the unpaid
balance due upon his stock, nor shall any
| informality or irregularity in the orga-
| nization have the effect of rendering any
shareholder liable as partner.
ARTICLE IN The subscribers hereto have
| respectively written opposite their names
| the amount OF stock in this corporation sub
| scribed 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 of them for than
ten years past have been conducting bust
ness lin the City of New Orleans on his own
account and also as sales agent and repre-
sentative of various manufacturers of
chlnery, 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 organizations said Eugene
Buckmaster, said William p. Luck. and said
Henry ]. 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
spectlve business and sales organizations;
and further severally obligate themselves.
their heirs and assign to turn over to said
, corporation, for a period OF 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 or sales entered into and effected from
and after this date for their respective in
dlyidual accounts and to be hereafter re-
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,
0OO.OO) Dollars and the said earnings and
commissions of the said William p. 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,
| OD.OO) 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 and
hereby by him assigned and delivered at
| the sum OF four thousand ($4O0O0 )Dollars
| and the said earnings and commissions of
the said Henry J. Malochee to be earned
by him from and after this date for the
period aforesaid, under his said individual
| contracts at the sum of one thousand ISL,
10000 Dollars. And here the said Henry
J. Malochee and William p. Luck acting as
| two of the incorporate 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
| Eugene Buckmaster individually and here
| by by him assigned and delivered at the
sum of four thousand (s4.OOOOO Dollars and
the said earnings and commissions of the
| said Eugene Buckmaster to be earned by
him from and after this date for the period
| aforesaid, under his said Individual con-
| tracts at the sum of thousand (S1,OC0OO
Dollars. And the said William P. Luck.
said Henry ]. Malochee, and said Eugene
| Buckmaster. acting together the Board of
| Directors of this Corporation have appraised
| and do hereby apprase the value of the said
| good will of the business and sales organi-
zation of each of them and the said earnings
| and commissions OF each of them to be earned
| by each of them from and after this date as
| aforesaid by each of them hereby assigned,
| transferred and delivered to this corpora
| ton at the of four thousand (S4,0OOOOv
| Dollars and one thousand (Sl.OO0O0 dollars
respectively. And here said Eugene Buck
| master, said William p Luck, and said
! Henry J. Malochee having been first sever
| ally sworn according TO law, each declared
| that fifty percent 5000 of the capital stock
| of this corporation has been subscribed and
paid for.
Thus done and signed at my office at the
| City of New Orleans. the day. month and
| year, herenabove first written in the pres
ence of William w. Westerfield and Elsie
Johnson. competent witnesses who have sign
ed these presnts together with said appearers
| and me. Notary, after due reading of the
| whole.
Witnesses: VIM. W. Westerfield Elsie
Johnson.
names of subscribers omitted)
(SeaD A. w. COOPER,
Notary Public.
I. the undersigned recorder of mortgages
| in and for the Parish of Orleans. State of
| Louisina, hereby certify that the above and
| foregoing act of Incorporation of Buckmaster-
| uck-Malochee, Inc, this day duly
recorded in my office in Book 1923, Folio -.
New Orleans. March 3rd. 1919
(Signed) EMILE J. LEONARD. by. K.
I. the undersigned. Notary Public. hereby
certify that the above and foregoing is
| true and correct copy Of the original char
| ter of Buckma ster Luck Malochee, Inc,
| emitting the names of the subscribers there
| 10. together with the certificate of the Re.
corder of Mortgages thereto appended
| New Orleans. Louisiana. March ). 1919
(SeaD A. W. COOPER.
Notary Public.
| Mar. 6l3-20-27; Apr $40