The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-25
CHARTERS.

in the aforesaid plant or machine shops
of said corporation.
ARTICLE IV.-The capital stock of this
corporation shall be twenty-five thousand
dollars ISL, 100000, to be divided into and
represented by >twO hundred and fifty
(250) shares of the par value of one hun
dred dollars ($l00.0U) each, all of which
shall be common stock, fully paid and
worcestershire. The capital stock may
be increased to one hundred thousand dol
lars (S100,00O.O0), or even beyond that
amount by complying with the requisites
of the Act 267 of 1914. No stakeholder
shall sell or otherwise dispose of his
stock in this company without first offer
ing it 10 the other stockholders through
the Board of Directors in writing, and the
stockholders shall have five days from
the receipt by them of said written notice
to either accept or reject the offer.
ARTICLE V.-All the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors which
shall consist of three (3) stockholders,
two of whom shall constitute quorum to
do business. Each member of said board
shall own at least one CD share of I'M
encountered stock in his own name on
the books of the company. The Directors
shall be elected annually by ballot at a
meeting of the stockholders to be held in
compliance with Section 10 of Act 267 of
1914. The first Board of Directors, 10
serve until the first Monday in November
1920, or until their successors shall have
been duly elected and qualified, shall con
siSt of John G. Allen. of No. GA Louisa
St, New Orleans, La, Gustaye Il. Dubus,
of No. 2SiS Baronne St, New Orleans, La,
and of John Walker of No. 9l4 North
solomon St, New Orleans, La, of whom
John C. Allen shall be President, GuStayt
X. Dubus shall be VicePresident and
John Walker shall be Secretary Treasurer
All vacancies shall be filled by the re-
naming Directors for the unexpired term
The Directors shall have the power and
I "a soil m grD pn Mod
any kind of property owned by the cor
PoratiOn: to purchase, lease and otherwise
acquire any property for the corpora
ton; to make loans, borrow money, issue
notes and other obligations in the name
of the corporation. in fine shall have all
the powers and authority accorded said
corporation by Act 267 of 1914.
ARTICLE VI.-The appearers have sub
scribed to the number of shares set OPP
poSite their respective names, and their
signatures hereto shall constitute the
original subscription list to the capital
stock of this corporation.
Thus done and passed at my office in
the city of New Orleans. the day. month
and year first above written, in the pres
ence of Joseph Ma Gore. Jr and Louis n
Ducros. competent witnesses, residing IN
this city, who have hereunto signed their
names with appearcrs and me, Notary
after due reading of the whole
Original signed:
JOHN c. ALLEN. 40 Shares.
GTSTAVE II. DUBUS, 20 Shares.
JOHN WALKER, 70 Shares.
Witnesses:
l.. \. DucroS
J. NJ. Gore, Jr..
HENRY l.. SARP1,
Notary Public.
l. the undersigned. Recorder of Mort
cages. for the Parish of Orleans, State OF
Louisiana. do hereby certify that the fore
going Act of Incorporation of Marine
Iron Works, Incorporated" was recorded
in book 1881, folio $50, of my office.
New Orleans. La. December /, 1913.
(Signedl EMILE J LEONARD, ID. X.
\ true copy. New Orleans, La, Decem
Der l. 1919.
HENRY l.. SARPY,
Notary Public.
Dec. 4-Jan. s.