The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-23
CHARTER

ARTICLE Tie name, style ana III"
of this corporation SHAH he Jas. II, A'i
ken n Sons Inc. and under that name II
shall have and enjoy all tn" rights, au-
VautaG,> and privileges granted bN ~"
to corporations, ana shaiI rNlsl LOT ln'
full term and period of ninety nine years
from the date hereof. 1t shall haN" power
10 contract. sue and Ice sued; 10 mah"
and use a corporate seal. and the sam" 4"
alter or break NJ pleasure; Ia hold, r.
CriNc. lease. purchase. sell ana convey ,
~ well a. mortgage and hNp"thccat" au'
pleds, property. both real and personal
and mixed. corporal and lncorp"rtdl, u"
name and appoint such managers. dlr"'-
tors, officers. agents and other employees
as its interests and convenience may re-
puirc. and to make and establish. ~ W
as alter and amend, from time Z" time.
such bylaws rules and regulations a.
may be necessary and eNpedi"nt for
proper management and government of ih
affairs Of the said corporation.
ARTICLE H-Thc dumicile of this CO..
pOration is hereby fixed in III" City of
New Orleans, State of Louisiana. aud
citations or other legal process shall be
served upon the President of the said q"
poratiou. or in his absence upon the We"
President, or upon the absence of both
ARTICLE II.-Thc objects and pur-
poses IF this corporation. ana tn" natur'.
OF the business To b" carried ON 10y it
are hereby declared to hc.
To carry on the business of plumbing il
all OF its branches; the purchase aud sale
of merchandise. machinery aud suPUll--
machinery and appliances necessary "r
proper to carry on said business. with th
right and power 10 do any and all thing
necessary or connected with. or in any
manner incidental or complementary t.
the objects and purposes therein SIT 1orri
and above EXPRESSED.
ARTICLE IN.-The capital stock a. Z
corporation il hereby fixed at the sum O
fifteen thousand dollars tSl5u'WUul. ." D.
divided into. and represented 10y one hun
drcd and fifty GjoI shares of the sum "
4
able in cash or it, equivalent.
The capital stock of this corporation
may be increased 10 the sum of nifty thou>
and dollars, divided into shares of 500
each.
No stakeholder of this corporation shall
dispose of any stock in the corporation
without first Offering to the other stock
holders of record. in writing. his >Il'
stock at the book value thereof; the said
offer 10 remain open for period of thirt1
DAYS: and the other stockholders {" divi''
TIA" stock So offered on a basis "Ommcn-
Surate with the stock owned by them. ~
the time Of said offer.
MI transfers of shares Of the capital
stock of this CORPORATION shall be mad.
and entered on the stock book Of the cor
poratiOn. and no transfers shall he in ar
manner binding on this corporation uu-
less 50 entered.
ARTICLE V.-An the corporate powers
of this corporation shall be exercised D.
and vested in "A Board Of Directors. con
>iSting Of not less than three stockh"ld"".
Il
majority Of whom shall constitute a quo,
rum for the transaction of business.
After their election. the members of the
Board Of Directors shall elect from their
own number. annually. a President, q
Vice President and q Secretary.
The first Board of Directors shall con
si>t of three 81 stockholders and shall h"
composed Of James II. Aiken. Robert +
Mtken and William Aitken: with the SAL
James II. Aitkcn as President. Robert F.
.titken as Vice President and William Ait
The post office addresses Of said direc
tors are as follows: James IL. Aitkcn. ~!
Carondelet St. New Orleans: Robert
Aitken. 5l5 Carondelet ST. New Orleans
William Aitkcn. 5l5 Carondelet St. New
Orleans. These directors and officers shah
serve until the third Tuesday in January
1922. or until their successors shall have
been duly elected and qualified.
The annual meeting of stockholders for
the election of Directors shall he held Oh
the third Tuesday. in January. of each
year; unless said day be a legal holiday,
and then on the next bank day thereafter
The election of directors shall be held
in the office of the corporation, under the
supervision of two commissioners ap-
pointed by the Board of Directors. Fifteen
days notice of such election shall have
been given previously to each stakeholder
by the Secretary, by letter deposited in
the post office properly addressed TO each
stakeholder, as prescribed by law.
All elections shall be by ballot. 4 ma
jority of the votes cast shall elect. and
represented by the holder in person or
by proxy.
Any vacancy occurring in said Boarr
from any cause shall be filled for the I'M
expired term by the remaining directors.
ARTICLE Win the event of the
liquidation or dissolution Of this cor
poratiOn. the stockholders shall elect
two liquidators from among their
number. at meeting convened for
that purpose, after ten days written no
tice sent TO each stakeholder by mail, To
~.
datOrS shall have the authority to wind
the business and affairs of this corpora
ton.
In case of death of either of said Iiaui-
datOrs. the survivor shall appoint a stock
holder as successor to him.
ARTICLE NII.-This act of incOrpora-
ton may be modified, changed or altered.
or said corporation may be dissolved.
with the assent of stockholders owning
twO-thirdS of the entire capital stock. at
general meeting of the stockholders con
written notice shall have been given to
each stakeholder mailed to him at his or
her last known address.
ARTICLE VIII.-No subscriber for
stock shall ever be held liable for a.
contracts, faults or debts Of said cor
pOration in any further sum than the I'M
paid balance. if any. due the corporation
on the stock to which he has subScrihct
nor shall any stakeholder ever he held
liable for such contracts, faults or debts
In any further sum than the unpaid bal
dHte, ii any, Oh lne STOCK owned DIV MIN
nor shall any mere infermalty in organi-
cation have the effect of rendering this
charter null. or rendering any subscriber
liable beyond the unpaid amount. if any
remaining due on his stock.
ARTICLE IX.-This corporation is or
ganized under the laws of the State of
Louisiana, and especially Act No. 267 q
1914, and all amendments thereto. and
the subscribers hereto, for themselves and
for the said corporation, and for its Off
GERS. directors and stockholders hereby ac-
cept, as part Of this charter. and as con-
ditions of this Incorporation. all the rights,
powers, privileges and immunitieS granite.
ferred upon officers. directors and stock
holders of corporations by said laws and
by said act, etc; such acceptance being
as full. complete and binding as if the
said rights, powers, privileges and i'm
munitfes were set forth at full length in
this instrument.
ARTICLE X.-Fifty per cent of the capi-
tai stock of this corporation (75 shares
has been subscribed and settled for at the
execution hereof. as hereinafter shown:
The said subscription of seventy-five
shares to the capital stock of this corpora
herein by the transfer by them to the cor
poration of all movable and other prop-
erty situated at No. 5l5 Carondelet Street
in this City of New Orleans. and described
in the attached inventory which has been
paraphed "Ne, Varietur' by me, Notary
for Identification herewith; which prom.
erty is now appraised by the Board of Di-
seyenty-five hundred dollars (S75OOOW.
Each subscriber hereto sets after his
name, his post Office address and a state.
ment of the number of shares of stock for
which he subscribes.
Thus done and passed in my office. in
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