The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-27
CHARTER.

are hereto subscribed. who severally de
Clared, that availing themselves OF all and
singular, the Laws OF the State OF Louisiana,
relative 10 the organization OF corporations,
they have covenanted and agreed, and Do
by these presents, covenant and agree -
form themselves. as well such persons
may hereinafter become associated wiki them,
succeed them, into and constitute corpo-
ration or body polite in law, Tor the OBJ
jects and purposes and under the stipulatiOns
following, which they adopt as their Charter,
to-wit:
ARTICLE 1.-The name of this corporation
shall be the Coin & Suhren Electrical Com
pany, Incorporated. and under this corporate
name, it shall have power and authority to
exist and have succession for a period OF
fifty 500 years from the date OF this char
ter; to contract, to sue and be sued; to
make, use, break and alter corporate seal;
to hold, receive, lease, suitcase, purchase,
sell, convey, or exchange property, real, per
sonal mixed; and to mortgage, pledge or
hypothecate the same, to borrow or lend
money on or in connection with the said
business for which II is Incorporated; TO do
a general electrical repair manufacturing
business; To repair deal in automobiles,
or any Of the accessories connected there
with; to do a general contracting business
il. connection with the retail and wholesale
electrical and automobile business, and re-
pairing in all of its branches. TO appoint
managers, Officers, agents and employees as
us interests may require, 10 c>IdUlSn diltI
and amend all rules and regulations and by.
laws fer the conduct and management u
its business, as may be necessary and
proper.
ARTICLE 1.-THE Gomicile OF said cor
poration shall be in the City of New Orleans
State OF Louisiana. and all citations or ether
| legal process shall be served upon nc
! President OF this corporation. or in the
event OF his absence OF inability to act,
/ then upon the Vice President.
ARTICLE III.-The objects and purposes
/ To- which this corporation is organized and
/ tn. nature OF the business TO be carried on
/ 10y it. are hereby declared to be: To do a
| general contracting and manufacturing. re-
/ palrirg. constructing and electrical business,
| and to deal in, buy, sell, and repair all
manner Of electrical devices and appliances,
as well as automobile and power plants,
/ ana ali accessories connected Herewith or
pertaining thereto. To buy and sell by
/ wholesale and retail. or either, all commodi-
ties permitted by law.
| This corporation is primarily organized
/ i,r the purpose of purchasing and taking
over the business, good viii and assets OF
the firm OF Coin X Suhren. composed Of
Milan F. Coin and Oswald W. Suhren, now
I engaged in the electrical business at No.
g0l Carondelet Street. The said members
OF the firm OF Coin & Suhren. offering to
transfer said business, good viii and assets
e. this corporation and accept tull pad
stock in this corporation IN lieu OF cash tor
[ the purchase price. DdSGu upon t!lt NdludtibtI
placed upon said business, good will and
assets. by the Board of Directors OF this cor
poration, The said Coin x Suhren declar-
/ ing that they among the organizers and
subscribers to the stock Of this corporation.
The value Of the said business and good
will thereto. together with all fixtures, ma
Chinery. tools, stock in trade. implements,
paraphernala and open accounts OF said
business. as above detailed. shall be and
/ is hereby appraised and valued by the Board
~, At he trr1 :
! sum of Ten Thousand Dollars (Sl0,WOe).
/ The detailed statement Of the business and
assets Of said firm, being under separate
sheet and hereto attached and made part
! hereof
ARTICLE IV.-The capital stock of this
corporation is hereby declared to be the sum
OF Fifteen Thousand Dollars CSl5,OO.0O, di-
vided into one hundred and fifty Q50)
shares OF One Hundred Dollars $4,000 each,
which said stock shall be paid for either
in cash or in property. movable or immpv-
/ able business, good Will or patent rights
transferred to it upon a valuation. by the
Board OF Directors of this corporation; and
| if subscribed for in cash, may be paid for
! in full at the time OF subscription or IN
such manner as the Board of Directors may
/ determine in conformity with the presently
existing laws governing same. This corpora
ton shall begin business Immediately after
/ the filing OF this charter in the Mortgage
! Office Of the Parish OF Orleans. No stock
holder shall sell or dispose of any of the
stock of this corporation without first Of
fering the same for sale to the other stock
holders by a letter addressed TO the Presi-
/ dent or Board OF Directors, naming therein
the last proposed price at which he Will sell
said stock not 10 exceed the actual value
thereof. After thirty 500 days from the re-
Ceipt Of such written offer, and the failure
| of the stockholders any of them to pur-
chase said stock. the owner thereof shall be
at liberty to sell same TO any outside per.
son for not less than the price So named
by him 10 the stockholders and said stock
/ shall not be transferred on the books Of the
| Company TO any outside person unless the
/ Company has an affidavit OF the person SELL
| ing that the price sold for. is not less than
that at which same offered TO the stock
! holders: and. in no event shall same be eff
fective unless all OF these conditions are
| complied with.
| ARTICLE V.-The corporate powers OF
this corporation shall be vested in and ex-
| ercised by a Board OF Directors consisting
of three stockholders. The first Board OF
| Suhren, Louis o. Suhren. and Milan E Coin.
all residents of this City and State. of full
| age Of majority. with the said Oswald w.
| Suhren as President: the said Louis o.
| Suhren as Vice President. and the said Milan
f. Coin, as Secretary Treasurer. who shall
| hold their respective offices Directors and
| Officers until the first Tuesday in March,
| 1920. until their successors elected and
qualified. On the first Tuesday of Decem-
| Der. 1919. and annually thereafter the stock
holders shall elect from among their num-
Der a Board of Directors consisting OF three
! 81 stockholders. All such elections shall
| be by ballot and the majority of the votes
| cast shall elect. Each stakeholder shall he
sent a written notice of all elections by
the stockholders. to his last known domicile.
either ~ person or by mail. fifteen G5l
days prior to the holding of said election.
| Each share of stock shall he entitled TO one
"a vote cast by the holder thereof in per
son. or by proxy. The BOARD of Directors
when elected, shall within a reasonable
time after their election, elect from among
their number a President. a Vice President
| and Secretary Treasurer. The Secretary
may or may not be stakeholder mem
her of the Board as the Board may deter
mine
or instruments in any, way involving money
or assets or liability, must be signed by
the President and Secretary, to be binding
on this corporation. The failure TO hold
an election on the date herein fixed shall
not invalidate this charter and such election
may be held at any time thereafter, after
due notice given hereinbefore provided.
All officers and directors shall hold their
respective offices until their successors are
duly elected and qualified. All vacancies
occurring on said Board of Directors be-
tween elections shall be filled for the un-
| expired term by the stockholders in the
same manner as provided for the election
of the Board. Any Director may appoint
by written proxy another person who does