The herald., 1920-01-01
CHARTER OF GULF STATES ELECTRIC
COMPANY, INC.

United States of America, State of Louis |
lana, Parish of Orleans. BE il known, |
that on this 3rd DAY of the month OF
December, in the year of our Lord one
thousand, nine hundred and nineteen |
19l9), before Inc, Watts II. Leverich,
notary public in and for the Parish of
Orleans, State of Louisiana, duly commits
stoned and qualified, and in the presence
of the witnesses hereinafter named and
undersigned, personally came and appear
ed the several persons whose names are
hereuntO subscribed, all of the age of
majority, who declared that availing them
selves of the provisions of the laws OF
this State relative to the organization or
corporations, they hereby form themselves
into and constitute a corporation for the
objects and purposes and under the stipu-
latiOnS hereinafter set forth.
| ARTICLE 1.-The name and title of this
corporation shall be Gulf States Electric
Company, Inc, and under its corporate
name it shall enjoy succession for the
| term and period of nine-nin years from
| and after the date hereof. and shall have
power ana authority to contract, sue ana
| be used, to accept and receive mortgages,
pledges, or other hypOthecations; to make
and use a corporate seal ana the same 10
| break and alter at pleasure; to purchase,
| receive, lease, hold or otherwise acquire
| and convey, as well as mortgage and hypo-
| thecate. under its corporate name, prop
| erty both real and personal; 70 DorroW
| money and make and issue bonds ana
| other evidences of debt, and to secure the
| same by mortgages or other hypotheca-
| tiOns; to accept mortgages, TO name ana
| appoint such managers and directors, OIL
| GERS and agents. as the interest ana con-
! venience of said corporation may require
| and to make and establish, as well as
| alter and amend at pleasure, such bylaws,
| rules and regulations for the management
| and regulation of the affairs of the cor
| poration, as may be necessary, proper or
| convenient.
| ARTICLE 1.-THE domicile of this cor
pOration shall be at New Orleans, Parish
| of Orleans, State of Louisiana, and all
| citations or other legal process shall be
| served upon the president of the corpora
| ton, or. in his absence upon the wee
president, or, in the absence or Doth OF
| those officers, upon the secretary-treas-
urer.
| ARTICLE III-The objects and pur-
| poses for which this corporation is es-
| tablished, and the nature of the business
to be carried on by it, are declared anu
| specified to be-
| To purchase own, or otherwise acquire,
hold improve, develop, manufacture, OPP
crate maintain, repair, install, ana gen
orally deal in and with, and to sell, mort
gage, pledge, lease hypothecate, or other
| wise ALLEVIATE and handle for export or
import or domestic use or consumption
real and personal property of every KIND
or description, including particularly but
not restrictively. all kinds of machinery,
apparatus supplies, locomotives, engines,
cars and motor vehicles, together Win
the parts and accessories thereof IN the
United States of America and any terri
tory colony, dependency, or district there
of. and in any foreign country or coun-
tries to the extent that same may De law
fully permissible.
To apply for, purchase, register, lease or
otherwise acquire, to hold, own, use ana
operate and to sell, assign, or otherwise
dispose Of trade marks, trade-names, pat
ents inventions, improvements ana pro,
cesses used In connection with or secureu
under letters patent of the United States
| of America, and of any territory, colony
dependency or district thereof, and Oh any
foreign country or countries;
To purchase or otherwise acquire, hold:
own, sell. pledge and otherwise dispose OF
| stocks. bonds and other evidence OF in
| debtedness of any other corporation. do
: nestle or foreign, and to issue In exchange
therefor its stocks, bonds or other ooiga,
lions, and to exercise in respect thereor an
the rights powers and privileges OF In
diyidual owners, including the right 70
vote thereon; and to aid in any manner
permitted by law any corporation or as
| ISOLATION, domestic or foreign, or whicn
any stocks bonds or evidences OF 1ndeDt'
: edness are held by or for the Company
!. | or to do any acts or things desired 10 pro
tect, preserve, improve or enhance .it
= dences of Indebtedness; provided, tina,
! said corporation shall not be authorized
' TO engage in the business of stock 1ob
> bling;
To engage In any other business SINH
: lar in character to the foregoing and Il
/ do anything necessary, suitable or proper
. which the Company may deem convenlen
. | or advantageous in connection with or III
l. cidcntal to any OF the Foregoing punposi n
directly, to promote the interests OF tn'
a Company or to enhance the value or an!
r of its properties, and to have ana EMO!
: and exercise all the rights, powers ant
which winch ma.
hereafter be conferred upon corporatioh
organized under the general corporatloi
. laws of the State of Louisiana; pr0video
: however that the corporation shall no
i engage in any business nor do anythln,
u except such as may be lawfully engaged
. in or done by a corporation formed unde
. said general corporation laws OF the stat
$ ARTICLE Iv.-The capital stock Of thi
= corporation is hereby fixed at four nun
dred thousand dollars ($40O.OOOOO), to D
divided into and represented py ou u
$ thousand (4OOO) shares Of par value Q
d one hundred dollars ($1OOOO) each, whlc
y shall be paid for in cash. or may be is
!, sued for porperty actually received d
h The capital stock may be increased up Z
% the sum of two million $4,000, O00.O0) dol
i lars. ,, -,
is desire to dispose of his stock, or any 9
,f it- to an outsider, same must first be OF
10 fered in writing to the Board of Director
lie for the account Of the other stockhoider'
h Said directors shall have ten days wltnn
s. which TO purchase same for the accoun
d Of the other stockholders, at the pes
% price offered.
y ARTICLE VAN the powers OF TN
- corporation shall be vested In and e1
~ ercised by a Board Of seven I'd director
- each of whom shall have registered o
ei the hooks of the Company, in his ow
~ name at least one ID share of the cap
:. tai stock. The Board shall elect ITO ITO,
OF their number a President, and may Xix,
M wise elect but not necessarily from the
number one or more Vice-Presidents,
Of Secretary. Treasurer. and such otht
K OFFICERS as they may think proper or COZ
Of yenient for the carrying on of the Con
III pany's business, and shall have power
OF unite two or more onices ana the san
RS to confer upon one person. or 70 dlspen'
x with any office in the discretion OF q
Directors, and to fix the salary OF all on
G. GERS. agents and employees: Inc BOAR
Is, of Directors shall be elected annually
On the first legal day Of December OF eas
as wear. the first election to be held IN u
'i- wear 1920 All such elections shall De !
IS ballot at the office of the corporaIio
he Notice of the annual meeting. as Wen !
til OF special meetings Of stockholders sha
p he given by written notice mailed AT lea
s. fifteen DAYS in advance OF the date
r, snch meeting to each stakeholder appea
at ing as such on the books OF the Cor
or pany, at his last designated address,
at the General Delivery at New Oriean
ed n he has not designated an address. Q
Is Each shareholder shall be entitled