The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-20
CHARTERS

modified or altered or the capital stock OF
this corporation increased 10 an amount eX-
ceeding the maximum herein fixed or de
creased TO an amount less than the corporate
indebtedness, without the consent and ap-
prevail of the stockholders owning three
fourths of the issued capital stock Of this
corporation.
ARTICLE Widths corporton may be
di ssolved with the assent Of the stockholders
owning wo-thirdS Of the issued capital stock
OF the corporation at 4 meeting convened Tor
that purpose after notice Of such meeting
shall have been given to each stakeholder
in accordance with the terms provided for in
Article V of this act Of Incorporation. In
the event of the dissolution of this corpora
ton by expiration OF this charter or other
wise, the business and affairs OF this cor
poration shall be settled by three hquida-
tors to be elected by the stockholders from
among their number at the meeting which
decided to hquidate; and said liquidators
shall remain in office until the affairs of the
and in of the death disability of one
more of the said liquidators, the sur
vivor survivors shall continue to act
der the provisions and in accordance with
the terms of Section 30 of Act 267 of 1914.
ARTICLE NlII.-NO shareholder OF this
corporation shall ever be held liable or re-
sponsible for any further sum than the I'M
paid balance due upon the shares of stock
owned by him, neither shall any nformality
of the organization have the effect of rem
holder to any liability beyond the unpaid
balance due upon his stock, nor shall any
infOrmality irregularity in the orga-
nization have the effect of rendering any
shareholder liable as a partner.
ARTICLE IN The subscribers hereto have
respectively written opposite their names
the amount of stock in this corporation sub
scrlbed for by each of them, together with
their post office addresse that this act
of Incorporation shall serve as an original
subscription list. And here the subscribers
Eugene Buckmaster, William P. Luck. and
Henry J. Malochee, severally declared that
whereas each one of them for more than
ten years past have been conducting bust
ness in the City of New Orleans on his own
account and also as sales agent and repre-
sentative OF various manufacturers of ma
chinery, apparatus, machinery specialtes,
and appliances under certain personal con-
tracts OF sales agency, a detailed list of
which contracts is hereto annexed, and have
also engaged IN consulting and contracting
engineering and has built up during the period
aforesaid sales organization; said Eugene
Buckmaster, said William p. Luck. and said
Henry J. Malochee in payment of their re-
spective subscriptions TO the extent of fifty
shares of the capital stock of this CORPORA
ton to each of them, hereby assign, set over
and deliver the good will of their said re-
spectlve business and sales organizations;
and further severally obligate themselves
their heirs and assign TO turn over to said
corporation, for period of one year from
the date OF this act OF Incorporation as and
when the same shall be received the pro-
ceeds, earnings and commissions to hereafter
become due to each of them on any con-
tracts or sales entered into and effected from
and after this date for their respective in
dividual accounts and to be hereafter re.
ceived by any one of them as sales agent
and representative of said manufacturers
either under the contracts aforesaid or any
other personal contracts of employment ger
name name to any OF the objects and purposes of
n ton A,,l.
may hereafter enter into And here the
SAID Eugene Buckmaster and Henry T.
Malochee acting as two of the incorporating
directors have appraised and do hereby ap-
praise the value OF the good will of the bust
ness and OF the sales organization heretofore
conducted by said William P Luck indi-
vidually and hereby by him assigned and
Delivered, at the sum of four thousand ga
oooUo Dollars and the said earnings and
commissions of the said William p Luck
| to be earned by him from and after this date
tor the period aforesaid under his individual
contracts at the sum of one thousand (sI,-
10000 Dollars. And here the said William
Z Luck and Eugene Buckmaster acting as
two of the Incorporating directors have ID.
praised and do hereby appraise the value
| OF the good will of the business and the
| sales organization heretofore conducted by
said Henry J. Malochee individually and
hereby by him assigned and delivered at
1 the sum of four thousand (S4OOOO )Dolars
| and the said earnings and commissions of
the said Henry ]. Malochee to be earned
by him from and after this date for the
| period aforesaid, under his said individual
contracts at the sum of one thousand (sl-
0OoOO Dollars. And here the said Henry
J. Malochee and William P. Luck acting as
| two OF the incorporate directors have ap-
praised and do hereby appraise the value Of
| the good will of the BUSINESS and the sales
| organization heretofore conducted by said
| Eugene Buckmaster individually and here
by by him assigned and delivered at the
sum of four thousand $4,000 Dollars and
| the said earnings and commissions of the
said Eugene Buckmaster to be earned bv
| him from and after this date for the period
aforesaid, under his said individual con-
| tracts at the sum of one thousand (S1,OOOOO)
Dollars. And the said William P. Luck,
| SAID Henry J. Malochee, and said Eugene
| Buckmaster, acting together as the Board of
Directors of this Corporation have appraised
| and do hereby appraise the value of the said
good Will of the business and sales organi-
| zation OF each of them and the said earnings
and commissions of each of them to be earned
| by each of them from and after this date a s
| aforesaid by each of them hereby assigned.
| transferred and delivered to this corpora
ton at the. sum of four thousand (S4OOOOOv
| Dollars and one thousand (S1.OOOOO dollars
| respectively. And here said Eugene Buck
master, said William P. Luck, and said
Henry J. Malochee having been first sever.
! ally sworn according to law, each declared
| that fifty percent (5O9o) of the capitaI stock
| OF this corporation has been subscribed and
paid for
Thus done and signed at my office at the
City OF New Orleans, on the day, month and
year, hereinabove first written in the pres
ence of William w. Westerfield and Elsie
| Johnson. competent witnesses who have sign
ed these presnts together with said appearers
and me, Notary, after due reading of the
| whole.
Witnesses: VIM. w. westerfield, Elsie
| Johnson.
| (Names OF subscribers oritted)
| (SeaD A. w. COOPER,
| Notary Public.
| I, the undersigned recorder Of mortgages
| in and for the Parish of Orleans. State of
| Louisiana hereby certify that the above and
| foregoing act Of Incorporation of Buckmaster-
| Luck Nalochee, Inc, was this day duly
recorded in my office in Book 1928, Folio -.
New Orleans. March 3rd 1919.
| (Signed) EMILE J. LEONARD, by. K.
| /. the undersigned. Notary Public, hereby
certify that the above and foregoing is a
true and correct copy Of the original char
| ter of Buckma ster-Luck M alochee, Inc,
emitting the names of the subscribers there
| to. together with the certificate of the Re.
| corder of Mortgages thereto appended.
| New Orleans. Louisiana. March ;. 1919
| (SeaD A. w: COOPER.
Mar. 6-l3N-z7; Apr. $40.
CHARTER OF SMITH-DAvIS COMPANY,
INC
| United States Of America. State of Louis
lana, Parish of Orleans, City of New Or