The herald., 1920-10-14
CHARTER OF LOUISIANA ACETELNNE
COMPANY, INC.

United State, of America. Stat, of Lou
l~laua. Parish ui Orleans. Re Do known.
Inat on this -ird day of The month OF
September. In the Year OF our Lord. ON"
thousand nine hundrc, and twenty ,Ig2u.
md OF the Independence OF the United
States Of America. the one hundred and
torty-fttA, before mc. Watts X Ley
erich. Notary Public. duly com
I.uI~>ionri and qualified. in and for
the Parish OF ORLEANS. State OF Louis
lama, therein residing. and In the prc~vu,r
of the witnesses hereinafter named and
Undersigned. personally came and appear
'u the several persons whose names are
hrrrunto subscribed. who declared. that,
aNailin- themselves of the laws of this
>'tJ" TclHtiv" To the organization of cor
PoratiOn~. they have cuVcuanted and
, aGrrcd, and do 10y these presents covenant,
agree. bind. form and constitute them
selves. a> we'll as such persons as may
them. into a corporation or body polite in
/ law, for the objects and purposes and un
I der the agreements and stipulatiunS fol
/ lowing. tO-wit:
/ ARTICLE 1.-The name and title of this
corporation shall bc Louisiana ACctelync
/ Company. Inc. and under its corporate
name IL Shall enjoy succession for the full
/ term and period Of ninety nine years from
| and after the date hereof, and shall have
| power and authority to contract. sue and
| be sued to accept and receive mortgages.
pledges or other hypothecations to make
! and use corporate seal and the same to
J .
! receive, lease, hold or otherwise acquire
| and convey, is well as mortgage and
! hypothcCHte under its corporate name.
property. both real and personal and
mixed, to borrow money and make and
issue bonds and other evidences of debt.
| and to secure the same by mortgage and
! otherwise. to subscribe to and hold stock
| in other corporations. TO acquire. hold and
reissue shares of its capital stock; to carry
! out all of the objects and purposes herein
after set out; to name and appoint such
managers and directors, officers and
agents. as the interest and convenience of
! said corporations may require and to
make and establish, as well rs alter and
amend at pleasure such bylaws, rules and
regulations for the management and rcgu-
latiun of the affairs of the corporation as
may be necessary, proper or convenient.
and generally to do all such acts and
things a. trading corporations are author
lied to do under the laws of the State of
| Louisiana.
ARTICLE 1.-THE domicile of this cor
poration shall be in the Parish of Orleans
state of Louisiana, and all citations or
other legal process shall be served upon
the President of the Company. or, in his
absence, upon the Vice President.
ARTICLE III.-The objects and pur-
poses for which this corporation is organ
lied. and the nature of the business To be
carried on by it. are hereby declared to be
To manufacture. buy. sell and deal in
aCctclync gas. cHrbides and JOr welding
material, to manufacture any and all sorts
! of property, material and devices; to aC-
qurp. hold and deal in personal property
| of every character. including stocks. bonds,
obligations and securities of other cor
pOratiOns. to exchange the entire capital
stock or any part thereof for property
| which il is authorized TO acquire; to eN-
change its entire assets and business. or
any part thereof. for property. stocks,
| bonds or other obligations of other com
panes, firms or individuals; To buy, sell
| lease. hold, develop and improve real eS,
tate of all sorts: and generally to do all
such acts and things as a general trading
corporation, under the laws of the State
| of Louisiana. is authorized to do.
! ARTICLE IV.-The capital stock of this
corporation is hereby fixed at one hundred
fifty thousand (Sl50 100000 dollars of the
par value of one hundred (SlO0O0D dollars
per share. The amount of said stock may
4 be increased to five hundred thousand
$500, OOO.O0D dollars. No transfer of stock
shall be binding upon the corporation IN
less made and recorded upon its books
No stakeholder shall have a right to trans
fer or convey any of his or her stock in
the corporation unless and until he OIL
she shall have first made a written offer
to the other then stockholders of the cor.
pOratIon, and to the corporation itself, e
sell his or her stock to them at the bool
| value thereof. Book value" as used here
in is hereby defined to mean the value a
which the assets and liabilities of the cor
: pOratiOn have been in good faith entered
, upon its books. Such written offer shall
, be addressed to the other then stOckhOld
ers. and to the corporation itself. collec
lively, and shall be delivered to the Offic
of the corporation not less than ten day
prior to the application for transfer of tn
stock. The corporation shall transmit thi
> offer to the respective then stockholders
; and the stock of the stakeholder DESIRING
! to sell shall be distributed prorata amOnj
, , such of the other stockholders as desire T.
! purchase, in the proportions in which tn
: holdings of the stockholders DESTROYS o
. purchasing bear to each other; and if tn
total which such other stockholders desir
Z to purchase is less than the total offers,
! for sale, then, after each of the Othe
stockholders shall have taken and paid 70
the amount Of stock which he or she de
! sires to buy and to which he or she is en-
titled. then the remainder untaken shall
be open for purchase by the corporation
itself; and unless prohibited by law, tn
corporation may itself use and apply it
5 surplus earnings or accumulated profits L
the purchase from any stakeholder desir
= ing ia sell of any portion of that stock
holders stock which none of the othe
stockholders may desire to acquire. at tn
= book value thereof; provided, that the cor