The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-18
CHARTER.

stockholders, to borrow money, execute
mortgages, issue notes. pledges, bonds or
other obligations, in such amounts and on
such terms as in their judgment may be
advantageous; and generally to do all
things reasonably necessary or convenient
for the proper carrying on of the business
of the corporation, and they are specially
authorized to issue and deliver full paid
shares of stocks and bonds or other obi
cations of the Company, in payment of
property acquired by said corporation.
Four directors shall constitute q quorum
for the transaction of business. The Board
of Directors shall have the power, by
vote of not less than majority of all
directors, to sell all or any part of the
property. movable or immovable, belong
ing TO the corporation, or to receive in
exchange therefor money, or stocks or
bonds, or other obligations of another in
dividual, firm or corporation of any char
acter, without referring to the SharehOld-
crS for power to do so. At any meeting
of the Board of Directors any director
absent from the meeting may be repre-
scented by any other director who may
east the vote of the absent director, in
accordance with written instructions given
by said absent director. Until the annual
meeting OF 1920. or until their death,
resignation or removal from office. if prior
To that time. the Board of Directors shall
consist of the following: r. Moot, 20 Ards
ley Road, Schenectady. y. Y; Geo. ii.
Wygant, l6J East boulevard, Baton Rouge,
La: j. Blanc Mcnroc, I424 Louisiana ave
nue.. New Orleans, La; Monte NJ. Lemann,
G3lI ST. Charles avenue, New Orleans, La. I;
Watts X. Ievcrich. 1928 Pleasant street,
New orleans, La. Joseph W. Montgomery.
Jl4 Walnut street New Orleans. La, and
Walter j. SUTTON, Jr., 1873 Eighth street,
New Orleans, La. OF the foregoing Geo.
IL. Wygant shall be President; Monte NJ.
Lemaun, Vice President; j. Blanc Monroe,
Secretary, and J. Blanc Monroe, Treasurer.
ARTICLE VI-Ths act of incorporation
may he modified, changed or altered, or
this corporation may be dissolved in the
manner provided by law by vote of two
thirds of the entire outstanding capital
stock present or represented, at a meet
ing of the stockholders convened for such
purpose, after previous notice shall have
been given i'll the manner above required
to be given of the annual meeting of the
corporation. The capital stock of the cor
pOratiOn may be increased or decreased by
proceedings i'll accordance with the laws
of the State of Louisiana.
ARTICLE NII.-If this corporation shall
be dissolved, either by limitation or from
any other cause, its affairs shall be hqui-
dated by three CD liquidatorS to be APP
pointed ut a meeting of the stockholders
convened for the purpose of liquidation
and to be elected by majority vote OF
all the stockholders present or represented
Said liquidatOrs shall remain in Office I'M
til the affairs of said corporation shall
have been fully settled and liquidated
and they shall have full power and au-
thOrity to transfer and give title TO all the
property and assets of the corporation
and to distribute the proceeds. In case OF
death. disability or resignation of one OF
more liquidatOrs, the vacancy shall be
! filled by the survivor or survivors.
ARTICLE VI!I.-No stockholders shall
| ever be held liable or responsible for The
contracts or faults of said corporation in
any further sum than the unpaid balance
| due on the shares of stock owned by him
| nor shall any mere infOrmatity i'll organl
| zation have the effect of rendering this
| charter null, or of exposing any stock
holder to any liability beyond the amount
| due on his stock.
In order that this charter may also
serve as the original subscription list
| the subscribers hereto have indicated Op
! posite their respective signatures the mum
! Der of shares of stock subscribed for b!
| each of them.
Thus done and passed in my office n
! New Orleans, La, on the day, month ant
year first above written in the presence o
| X. L. Burbank and Nvonne Goodrich, com
petent witnesses, who have hereunto sub
| scribed their names, together with me
Notary. and said appearers, after du
reading of the whole.
Original signed. (Names of subscriber
| Omitted.)
| Witnesses:
| r L. Burbank
| YyOnne Goodrich.
WATTS X. LEVERICH,
Notary Public
l. the undersigned, Recorder of Mort
cages in and for the Parish of Orleans
States of Louisiana, do hereby certify tina
the above and foregoing act of incorpora
ton of the Gulf States Electric Company
Inc was this day recorded in my office
book 1881. folio III.
New Orleans, Louisiana, December
1919.
EMILE J. LEONARD,
. Recorder.
\ true copy.
WATTS X. LEVERICH, Not Pub.
Dec. Alan. s.