The herald., 1920-01-01
CHARTER.

stockholders, to borrow money, execute
mortgages, issue notes. pledges, bonds or
other obligations, i'll such amounts ana 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 Obli-
cations of the Company, in payment OF
property acquired by said corporation.
Four directors shall constitute a quorum
for the transaction of business. The Board
of Directors shall have the power, by
vote of not less than a 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 sharehoid
ers 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 VINO 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 IL prior
to that time, the Board of Directors snail
consist of the following: r. Moot, 20 Ards
ley Road. Schenectady, y. y: Geo. Ill.
Wygant, l65 East Boulevard, Baton Rouge,
La; J. Blanc MCnrOe, 1924 Louisiana ave
nue.. New Orleans, La; Monte NJ. Lemann,
G3lI St. Charles avenue, New Orleans, La I;
Watts X Leverich, 1925 Pleasant street,
New Orleans, La; Joseph W. Montgomery,
Jli Walnut street, New Orleans, La, ana
Walter j. SUTTON, Jr., 1913 Eighth street
New Orleans, La. OF the foregoing Geo.
III. Wygant shall be President; Monte Nj.
Lemann. Cice-President; j. Blanc Monroe,
Secretary, and j. Blanc Monroe, Treasurer.
ARTICLE VI.-This act of incorporation
may be modified, changed or altered, or
/ h. .NfE oil
manner provided by law by vote of two.
| thirds of the entire outstanding capital
stock present or represented, at n meet
| ing of the stockholders convened for such
purpose, after previous notice shall nave
been given in the manner above required
| to be given of the annual meeting OF the
| corporation. The capital stock or the cor
| pOration may be increased or decreased by
proceedings in accordance with the laws
| of the State of Louisiana.
ARTICLE Wifi this corporation shall
| be dissolved, either by limitation or iron
any other cause, its affairs shall be nqul
dated by three 90 liquidators to be ap
pointed at meeting of the stockholder'
| convened for the purpose OF llquldatlOn
and to be elected by a majority vote o.
all the stockholders present or represented
Said liquidators shall remain in Office un
til the affairs of said corporation shai
have been fully settled and hquidated
and they shall have full power and au
thority to transfer and give title 10 all th'
property and assets of the corporation
| and to distribute the proceeds. In case o
death, disability or resignation OF one o.
| more liquidatOrs, the vacancy shaH p'
filled by the survivor or survivors.
ARTICLE VIII-No stockholders shall
ever be held liable or responsible Ior TN
| contracts or faults of said corporation ii
any further sum than the unpaid Dalanc'
due on the shares of stock owned by MIN
nor shall any mere informatity in organ
| zation have the effect of rendering TN
charter null, or of exposing any STOCK
holder to any liability beyond the amour
due on his stock.
In order that this charter may ais
| serve as the original subscription list
the subscribers hereto have indicated op
posite their respective signatures the mum
Der of shares of stock suDscrlOeu ior U.
each of them. .
Thus done and passed in my Office a
New Orleans, La, on the DAY, month an
wear first above written in the presence
II. L. Burbank and Hvonne Goodricn, e Snh
petent witnesses, who have hereunto SUP
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 K. LEyERICH.
Notary Public.
7 the undersigned, Recorder Of Mort
cages. in and for the Parish of Orleans
States of Louisiana, do hereby certify ina
| the above and foregoing act of incorpora
ton of the Gulf States Electric Company
Inc. was this day recorded in my office ]
book 1921. folio az.
New Orleans, Louisiana, December
1918. ro~,pn
Recorder.
A true copy. NJ.
WATTS X. LEvERICH, Not Pub.
Dec, Alan. s.