The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-05
CHARTERS.

| authorized to do business as soon as fiji,
| too per cent of its authorized capital shai
| be subscribed for, and at least fifty g.
per cent of all stock subscribed for shall
! be paid for. Stock of this company sinai
| only be issued for cash. or for Service
rendered, merchandise, property or otheI
valuable considerations. enuring to thi,
corporation, according to the excIusiy,
Judgment and findings of the Board
Directors thereof.
ARTICLE IV.-The substitution for an,
the ownership of all stock in this corpor.
alton are made and taken imam m. ,.,r,
ditiOn that any holder of stock drSirinl,
sell the same, shall first offer his Stn.I
10 the corporation at his lowest price auc
the corporation shall have thirty DAYS
which TO exercise its option 10 purrha>.
the same. ON its refusal 10 purchase ia,
stockholders shall have ten DAYS To e.,
cI'l>c their option to purchase such stock
az said price after III" expiration Of su,
time tn" stockholders shall be free to max,
any other sale of his stock
ARTICLE N.-Thc domiciIp of tbi, cor
poTauon snail be in the city of New -.
leans. La, where all meetings of the stock
holders or directors must Ice hold mr.,
yided. that with the written consent of ;.
the directors, valid MEETINGS of the dirpc-
tors may be held OutSid. of the State o.
within the state. elsewhere than al il.
dOmiCilc. Citation shall Ice served u,nr
the President. or. in the absence or iii,
ablllty OF the latter. upon the Vice Prr-I
dent. and. in the ab>puC" or disability ,
the latter. upon the Secretary. and. in thu
absence or disability of the latter. uuoI.
the Treasurer.
ARTICLE YI-All the corporate bowers
OF this corporation shall hr vested in and
exercised by a Board OF Directors. thr,,
III number all of whom shan be stockhuId
rrS to bc elected on the first Monday
March of each year, commencing with
first Monday of March, 1927. with the I'm.
Outstanding that the first Board OF III
rectors selected by the stockholders and
IL for II
set Of Officers, rs hereinafter named shall
mold office until the first Monday q
March, 1871, or until their successors hav,
been elected and have qualified After IN,
election of said Board of Directors. by tn
holders Of stock, as herein provided Their,
shall he elected by said Directors from
their own number, the officers of the cor
pOratiOn. which are as follows: Isl
President; 2nd, a Vice President: 3rd.
Secretary: 4th, a Treasurer any two
which offices may he combined in one
person. The first Board of Directors. and
the officers of this corporation. shall
the following. and which said Board Of
Directors and Officers shall serve until IN,
election 10 he held on the first Monday of
March, 1871. or until their Successors are
elected. chosen and qualified. The ad
dresses of said Directors and Officers ar,
set opposite their respective names
charles BoisSet, Lucien Lavcndan. John
!, rarrlbere, Rene Labadie and J. /. X.
q AvricOurt; with Charles BOiSsot Presi-
dent: John Darribcre. Vice President and
Treasurer. and J. l.. X d'Avricourr. See
rotary. The Board of Directors shall HAY,
the right TO fill all vacancies occurring i'm
their number. whether resulting from
death, resignation or otherwise.
ARTICLE NII-The annual meeting of
the stockholders of this corporation for In,
election of Directors shall be held on the
first Monday of March of each wear com
with the first Monday Of March
1921. The election for said Directors shall
De ny ballot and the majority i'm amount
OF stock. voting. whether in person or by
proxy, shall elect the person for whom
they are east, each share of stock voted
upon to be counted but for one vote. SAID
stock shall not be entitled TO cumulative,
voting. The Board of Directors shall give
NJ least fifteen days notice by mail a
the election of said Directors. and shall
appoint one or more stockholders 10 pre-
side at such election. Any failure from
any cause whatsoever TO elect Director
On the day named for that purpose shall
NOT dissolve this corporation, but the hi
rectors and officers then in office SHAH
hold over until their successors are chosen
ind qualified. Said Board is further an
.horized to frame and adopt bylaws. rule,
ma regulations as the affairs and business
u the company may require. and il MAJ
ieem necessary for the conducting and
management thereof. provided. the same
loeS not conflict with this charter and the
avs of the State of Louisiana and those
If the United States of America: to name
md appoint managers. fix their compen-
'atlon and terms of employment. as well
Is name and appoint agents and employees
Is in its discretion may seem fit and
proper. as well as to fix the salaries an,
erms of employment of the officers en-
'IOyees. clerks and assistants.
ARTICLE VIII.-The Board of Directors
specially vested with the power to ac- |
luire and purchase such property or bus
ness or good will, or all of these. from I
$ said Board of Directors may deem ad- |
1sable and proper. and at such price and |
n such terms as they deem best, and to |
ay therefor in the capital stock of this |
corporation or otherwise.
ARTICLE lN.-No stakeholder shall ever
p held liable or responsible for the CON
racts; faults or debts of this corporation.
or shall any mere infOrmality in its or I
aniZatiOn have the effect of rendering
his charter null or of exposing it's stock
olders TO any liability beyond the unpaid
aiance on the stock owned by them.
ARTICLE X.-The names and postoffice
ddresses OF the subscribers to these ar
cles Of Incorporation and the number of
mares or stock subscribed for by each.
re as follows: Charles Boisset. 2213
rainard Street 100 shares: Lucien Lave
an, 80 North Solomon Street, / share
ohm Darribere. S41 Alexander Street.
hare; Rene Labadie, 10 Morgan Boulevard
snare; J. l.. N. d'AvricOurt Audubon
ARTICLE XI.-AI stockholders meet
lgS, for the election of Directors as above
ated. shall be held after fifteen days
'ANh hoNINt W fdtH SlOtknOluFr. |
Their stockholders meetings may be held
hen ordered by the Board of Directors.
: when requested by at least TWENTY-FIVE,
pr cent of the outstanding capital stock
office of all stockholders meetings other ;
ian adjourned meetings. shall be in the
amer prescribed for stockholders meet
gs for the election of Directors. unless | '
zen notice is waived by unanimous con !
ARTICLE XII.-This charter may be {
nended, altered or changed at a special i
Getting of the stockholders called for that | ;
lrpose notice of which is to be given in I
arter.by the vote of two-thirds of all 5
@ capital stock q
ARTICLE XIII.--One hundred shares 4
lily paid common stock shall bf issued :
whereof the said Charles >
,tsset hereby sells assigns. sets over and h
liyers TO the said corporation all his Il
;ht,, title and interest in certain patents a
IN devices, together with all improve p
'nts and betterments devised or schemed @
the SAID charles BoiSset on said hydro q
lnsmission devices and the patents that q
~ hereafter he issued to cover said i'm I,
ovements. The said apearers being all s.
the subscribers hereto and officers o
reof being by me. Notary. first duly 7
orn, did depOse and say that the prop j
the said Charles Boisset Is well known d
them and that they and each of them p
-eby fully appraise the same at the sum al
ten thousand ($10000.00) dollars OF
dissolved by the vote of two-thirds of Il
its outstanding capital stock and upon d
implying with the requirements of Sec
n y of Act 267 of the Louisiana Legis- b'
solution two liquidators shall be named HI
appointed with all the necessary pow to
and authority-all in the manner and
provided in said legislative act. to
hrNg DIR cd 4.