The herald., 1919-04-17

CSigned) EMILE J. LEONARD, by. R
A true copy.
w W YOUNG.
Notary Public.
Mch. N,27; Apr 31O-17-2+
CHARTER OF PLEDGER APPLIANCE
CO., INC.
United States OF America Parish of Or.
leans City OF New Orleans Be it known.
that 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
fore me. Ethelred Macaulay Stafford a No
tary Public, duly commissioned and quail
fled 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 sub
scribed. all above the age of majority, who
severally declared that, availing themselves
OF the provisions of the laws of the State
OF Louisiana relative to the formation and or
EanizatiOn of corporations. and particularly
Act No. 267 of the Acts of the General As
semblv 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 and bind themselves as we'll as
such other persons who may hereafter be-
come associated with them. or their success
sors, TO form and constitute a corporation in
law, for the objects and purposes and under
the agreements and stipulations following,
to-wit.
ton shall be: Pledger Appliance Co., Inc,
and, under its said corporate name, it shall
have authority to have and enjoy success
sion for the term of Ninety nine years from
and after the date hereof; to contract, sue
and be sued, to make and use a corporate
seal, if desired, and the same to break or
alter at pleasure; to hold, receive, lease.
purchase and. convey, as well as mortgage
and 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
time to time. such bylaws, rules and regu-
may be necessary and proper for the con-
duct of its business.
ARTICLE 1.-THE domicie of this cor
poration shall be at the City of New Orleans.
Louisiana, all citations, other legal pro-
cess, shall be SERVED upon the President of
said corporation, in his absence in
ability to serve, upon the -vice-president.
and in their absence, as the law directs
ARTICLE III.-The objects and purposes
of this corporation, and the nature of the
business to be carried on by it, are hereby
declared to be: To purchase from D. ].
Pledger his right to patent applied for
and his appliances, namely: Pledger's Gas
Saving Accelerator; Pledger's Hpmidifier.
for fifty-thr shares of common stock and
fifty-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 ap-
planes and accessories, and in general TO
do all such things as may be proper and
necessary to the objects and purposes herein
set out.
ARTICLE Iv.-The capital stock of this
a,,I
Four Hundred Dollars (s2O,4Oo.oO, divided
into Fifteen Thousand Two Hundred Dol
lars ($15,1O.0W, or Isl shares of common
stock, and Five Thousand Two Hundred
(S5, 10000 Dollars or 81 shares preferred stock,
both issues of stock at the par value of
One Hundred Dollars per share. The pre-
ferred stock of this corporation to enjoy the
same rate of dividends as the Common stock.
Said preferred stock, however, is not to en-
joy any voting powers at meetings OF stock
holders or the election of Directors and
officers Fifty per cent Of the capital
stock of this corporation must be subscribed
before the filing of articles of Incorporation,
which shall be payable in cash, or in prop
erty, real or personal: Fifty per cent OF
all stock subscribed for must be actually
paid in before the corporation engages in
business and the remainder within twelve
months thereafter.
ARTICLE V.-All of the corporate powers
of this corporation shall be exercised by a
stockholders, which can be increased to
twelve by vote of Board of Directors who
will elect said new directors, majority OF
whom shall constitute quorum for the
rectors shall annually elect from their num-
Der, a President, Vice President, and Sec.
retary-Treasurer. The Board shall appoint
from time to time, such officers, agents,
clerks and employees as they may deem
proper for the carrying on properly of the
h,,s;r Of uho hold
office at the pleasure of the Board. or may
appoint a manager with the power to en-
ploy and discharge such agents and employees
as may be deemed necessary. Said Board
may make, alter. and amend any and all
such bylaws and rules and regulations for
the government of the business nd affairs
of this corporation. The following persons
shall constitute and compose the first Board
of Directors. Julian NJ. Swoop, E.; M
right, S. Gordan Hamburger, d. J. Pledgei,
George Swarbrick, c. J. Derbes, who shall
elect from their number. as soon the cor
poration is formally organized. President,
Vice President and Secreta-y-Treasurer,
til the regular annual meeting of the stock
holders is held and their successors elected
and take office. the date of which shall be
fixed upon by the Board of Directors. Va
cancies caused by death resignation absence
or inability TO serve shall be filled by the
remaining members of the Board A failure
to elect Board on the date fixed upon by
the Board shall not have the effect of dis
solving this corporation but the directors in
office shall continue TO serve until their
successors are elected and assume office.
The annual meeting of the stockholders of
this corporation for the election of officers
shall be held on the third Monday of Febru-
ary of each year and the directors now chosen
to represent this corporation shall hold of
flee until that date in 1879 or until their
successors are duly elected and qualified. In
case vacancies occur during the wear same
shall be filled by the remaining directors or
director.
ARTICLE VI.-This charter may modified,
chanped or altered or said corporation may
be dissolved with the assent of stockholders
owning two-thirds Of the entire capital stock,
at general meeting of the stockholders con-
vened for that purpose. after fifteen us,
DAYS written notice of this meeting has been
given through the mail. addressed to each
stockholder at his last known place of resi-
dence. The corporation may likewise be
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