The herald., 1920-02-19
CHARTER.

Z This corporation shall Issue TO the said
shares OF stock, all full paid and non.
assessable. and said Bultman hereby sub
scribes for said shares Of stock, the same
to be paid for by being accepted In full
payment Of the contractual rights sold to
this corporation.
Other subscriptions to said capital stock
shall be paid for in cash. at such times
termined by the Board of Directors.
No transfer of stock shall be binding
upon said corporation unless made upon
the books OF the corporation, and all GER
tificates of stock shall be signed by such
officers as may be designated by the
Board of Directors.
The said corporation shall at once be-
come and be going concern aud shall
Immediately commence business.
The said capital stock may he increased
from time to time TO any amount not eX-
eeeding one hundred thousand dollars
such increases to be made as provided
ARTICLE y.-Ail the corporate powers
of said corporation shall be vested in,
and the management and control OF its
affairs shall be exercised by Board or
Directors. composed of three stockholders.
Each director shall own at least one
share of stock and shall be elected an
nually, by the stockholders, by ballot, on
the Thursday following the first Monday
i'm January,-the first election to be held
in 1921. Notice shall he given by mail,
addressed to each stakeholder. at his last
known place of residence as shown on
the books of the corporation, said notice
to he mailed at least fifteen days before
such election, and all elections shall be
held under such rules and regulations as
may be fixed by the Board OF Directors.
Ii case of any failure to hold an cleo
ton as above provided, such failure shall
not forfeit This charter, but an election
shall be held as soon as may he prac-
ticable after notice as above provided;
Each Beard of Directors, at its first
meeting after each election, shall elect
from it's number president and shall
also elect secretary ana treasurer, VINO
the directors see fit; and both OF said
Offices may he held by one and the same
person. as Secretary and Treasurer, as
may be determined by the Board.
stitute quorum for the transaction Of
all business, and any vacancy occurring
on said Board shall be filed by the re-
manning directors for the unexpired term.
ager as Ii may designate. shall appoint
snch officers. managers, clerks and other
employees Of said corporation as may pc
necessary for its business and shall dis
miss the same; and the tenure of office
and employment of all officers, managers,
clerks and employees shall be during the
pleasure of said Board.
The said Board shall have the right and
power to buy, sell. improve, contract,
lease, borrow money, issue bonds and exc
cute mortgages, and, In general, TO exer-
else all the powers of the corporation, as
well TO carry out its objects and pur-
poses,--all without reference to or au-
thorization by the stockholders.
From time to time said Board shall
adopt rules. regulations. and bylaws for
the management and control OF the busl-
ness and affairs of said corporation, and:
in its discretion. shall cancel, change and
modify the same.
ARTICLE Vino subscriber hereto or
stockholder of the corporation shall ever
be held liable or responsible for the con-
tracts, faults or debts Of said corpora
ton; nor shall any mere informally in
the organization have the effect Of rem
dering this charter null. or Of exposing
any subscriber or stakeholder to any lia-
bility beyond the unpaid balance IL any.
due on the shares subscribed for or owned
by him.
ARTICLE vII-This act of incorpora-
ton may be changed. modified, or altered.
or said corporation may be dissolved. with
the assent Of the holders of two-thirds OF
the stock of the corporation, whose own
ers are present and represented at gen
eral meeting of the holders Of stock. after
at least thirty days written notice Of such
| meeting has been given through mail. ad.
dressed to each stakeholder at his place OF
residence, rs shown on the books of the
corporation.
In case Of dissolution, wheth~ by the
expiration of this charter or otherwise, the
holders of stock shall elect three hquida-
tors from among their number, to iiquidate
and, settle the business and affairs OF said
corporation. In case OF death or dis
ability of any of said hquidators. the
survivors, or the remaining liquidators
shall appoint n successor to such iquida-
tor. Said liquidators are hereby given full
power. either by court or law proceed
ings, or without such proceedings, as
they shall elect, to collect all amounts
ldue the corporation. sell or otherwise dis
pose Of its assets, pay its debts and liza
biiities. and compromise, and settle al
disputed questions and matters: and shall
have and exercise all other powers neces-
sary aud usual to fully and finally settle
wind mp and liquidate all the business
tribute its net assets or funds among its
| stockholders In accordance with their re-
ARTICLE vIH.-The names of the first
addresses are as follows:
A. Fred. Bultman, Jr., 2913 Magazine
Street, New Orleans, La; Edward r. Gsch-
wind, COL Laurel Street; New Orleans
La: Miss Eleonore Gschwfnd, 6011 Laurel
Street, New Orleans. La. :,
The said Board Of Directors. with said
A. Fred. Bultman, Jr, as President. and
said Edward r. Gschwind, as Secretary
tion to be held on the Thursday follow.
| ing the first Monday in January, 1921. and
| until their successors shall be elected.
The names and post Office addresses Of
| the subscribers hereto and the number OF
shares which each agrees to take In the
corporation are az follows, viz:
A. Fred. Bultman. Jr., 2913 Magazine
Street. New Orleans. La. one hundred
and ninety eight shares of stock, 49,,
Street, New Orleans Ia. one share OF
stock. $4,000; Miss Ekonore Gschwind
COIL Laurel Street, New Orleans. La, one
share Of stock, $4,000.
Thus done and passed I'm my Office on
| the day, and In the month and year here
In first above written. in the presenct
Of Messrs Azzo ]. Plough and Lawrenc.
vollenweider. Jr, competent witnesses
who have signed with the parties and
me, Notary, after due reading Of the
whole
| (Originai Signed):
| A. FRED. BULTMAN, JR.
EDWARD R. GscHwISD.
ELEoNoRE GscHwiND.
| ! Share.
| witnesses:
| Azxo J. Plough,
/ Lawrence vollenweider. Jr.
HENRY G. MCCALL.
Notary Public.
Certificate Of Recorder.
| /, the undersigned Recorder Of Mort
cages In and for the Parish Of Orleans
State of Louisiana. do hereby certify tha
| the above and foregoing Act Of lncorpora
/ tion OF the Automatic Register Scales
| Company, Inc, (of Louisiana). was thi,
day duly recorded in my Office. In Bool
New Orleans, january Is, 1920
1 hereby certify the above and fore
going to be q true and correct copy OF thu
original act Of record and on file in ny
HENRY 9. MCCALL