The herald., 1919-04-17
ETHELRED NJ. STAFFORD.
CHARTER OF THE COIN & SUHREN
ELECTRICAL COMPANY,
INCORPORATED

| INCORPORATED.
United States Of America. State of Louis
| lana, Parish Of Orleans, City OF New Orleans.
| Re it known. that this Nineteenth day
| of the month Of March. in the year of our
| Lord, one thousand. nine hundred and nine
! teen, and of the Independence of the United
States OF America, the hundred and
! forty third; Before me, w. Morgan Gurley,
a Notary Public, in and for the Parish OF
| Orleans State of Louisiana, duly commits
| stoned and qualified, here residing, and in
| the presence of the witnesses hereinafter
| named and undersigned; personally came and
appeared the several persons whose names
are hereto subscribed. who severally de-
clared, that awaiting themselves of all and
singular, the Laws OF the State Of Louisiana,
relative TO the organization OF corporations,
they have covenanted and agreed and do
by these presents. covenant and agree to
form themselves, as well as such persons
may hereinafter become associated with them,
or succeed them, into, and constitute a CorpO-
ration or body polite in law. for the OBJ
jects and purposes and under the stipulatons
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 period OF
fifty $50 years from the date of this char
ter; to contract, to sue and be sued; 10
| make, use, break and alter corporate seal;
to hold, receive, lease, suitcase, purchase,
sell, convey, or exchange property, real, per
sonal Mixed and 10 mortgage, pledge
hypotheeate the same, to borrow or lend
money OF in connection with the said
business for which it is incorporated; to do
a general electrical repair or manufacturing
business; to repair or deal in automobiles.
or any of the accessories connected there
with to do a general contracting business
il. cornection with the retail and wholesale
! electrical and automobile business, and
pairing in all of its branches. To appoint
| managers, officers, agents and employees
its interests may require; TO establish alter
and amend all rules and regulations and by
laws for the conduct and management Of
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 other
legal process shall be served upon the
event of his absence or inability to act,
then upon the Vce-Presdent.
ARTICLE III.-The objects and purposes
70: which this corporation is organized and
tn: nature of the business to be carried on
by it. are hereby declared to be: To do
general contracting and manufacturing, re-
pairing. constructing and electrical business.
and to deal in, buy, sell, and repair all
manner of electrical devices and appliances,
as well automobile and power plants,
and ali accessories connected Herewith
pertaining thereto To buy and sell by
wholesale and retail, or either, all commod-
ties permitted by law.
This corporation is primarily organized
Ter the purpose OF purchasing and taking
over the business, good will and assets of
the firm of Coin & Suhren, composed of
Milan E. Coin and Oswald w. Suhren,
engaged in the electrical business at No.
90l Carondelet Street. The said members
of the firm of Coin & Suhren, offering to
eli said h,tSip will
to this corporation and accept full paid
stock in this corporation in lieu of cash for
the purchase price, based upon the valuation
placed upon said business, good will and
assets, by the Board of Directors of this
poration. The said Coin & Suhren declar-
ing that they are 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,
paraphernalia and open accounts of said
business as above detailed, shall be and
is hereby appraised and valued by the Board
of Directors of this corporation, at the gross
sum of Ten Thousand Dollars (Sl0,O0OOO).
The detailed statement of the business and
assets of said firm, being under separate
| sheet and hereto attached and made a part
hereof.
ARTICLE IV.-The capital stock of this
| corporation is hereby declared to be the sum
of Fifteen Thousand Dollars ($l5,OOO.0U, di-
L
| shares of One Hundred Dollars $4,000 each,
| which said stock shall be paid for either
| in cash or in property, movable or immov-
| able, business, good will or patent rights,
transferred to it upon 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 in
| such manner as the Board of Directors may
determine in conformity with the presently
existing laws governing same. This corpora
Ill h,,e. a., f+ar
| 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 TO exceed the actual value
| thereof. After thirty (So) days from the re-
| ceipt of such written offer, and the failure
| of the stockholders or 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 TO 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 was 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 Board Of Directors consisting
Of three stockholders The first Board of
Directors shall be composed of Oswald w.
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
E. Coin. as Secretary Treasurer. who shall
hold their respective offices as Directors and
Officers until the first Tuesday in March.
1920 until their successors are elected and
qualified. On the first Tuesday Of Deem
her. 1919, and annually thereafter the stock
holders shall elect from among their num-
her Board Of Directors consisting of three
(3) stockholders. All such elections shall
be by ballot and the majority of the votes