The herald., 1920-03-25
'HARTER or THE MARINE IRON
WORKS. I>CORPORATED.

'"NRTtR on THE MARINE IRON
WORKS. INCORPORATED.
nii'd states of America. STATE of Lon.
i-lanI. Parish of prI".iu, Er IL L,,,,,,.,,
That on This second daN of fb,. r,,o,,L -, -
t'hruary. in the year Of our Lord nm
Thousand nine hundred aud twenty ,I4nn,
ana OF the Independence of tb. T.rir.d
states OF America. the one hundred ana
'I"rlN-fourth n4ithD. before me U.nry
Leon Sarpy. Notary Public. duly com
mI>slonrd and qualified tor the. Parish
OF 'rh ans. Louisiana. aud in the ur.>.u.,.
81 Inc witnesses hereinafter named and
uh""r>lSn"d. personally came aud an.
P'"r"d the several persons whose mann,
ir" h"rcuntu subscribed who d.,lar, M,
awaiting themselves of the provisions of
IN" laws of IN" State of Loui>iana r.Iltj,.
!" lh' formation Of corporations and
particularly Act 80 of 1914 tL.v b.,.,
I'"NthaHt"d aud agreed for thrm>rIy,. and
>h'h other persons as may hereafter h..
come ">>ociai"d with them to form and
IorSdniI" themselves into "A rorporgtiou
ana BODY poliII" in law for the objects
ana purposes and under the agreements
wit: w
ARTICLE 1.-The name and title of This
corporation l. hereby declared To hr The
Marine Iron Works Incorporated" and nv
that name il shall have and enioy sur.
Y
wears from this date" and il shall have
ana possess enjoyment Of all the rights
privileges and advantages accorded to cor
n"ratl"nS by III" laws of the State of
Louisiana.
ARTICLE 1.-THE domiriIc of this ror.
p"IhtIon shall b" the city of New Orleans
stat" Of Louisiana. All citations or other
legal process shall be served upOn th.
Pr >id"nt, and, in his absence upon any
ON OF the other officers of the CORPORA
ton.
| ARTICLE IU.-The objects and mr.
poses for which this corporation is or
gained and the nature of the business
10 u" carried on by il are declared TO be
ITO do general marine and stationary
machinery repair work; 10 manufacture
/ hNdraul" pumps and feathers: % conduct
ana operate a general machine and mann
featuring works for the manufacture and
| repair of machinery of all kinds. engines
| boilers castings. patterns, agricultural
| appliances vehicles and applianres of
every kind and description. and anv and
all articles made from iron: TO manufac-
tur". make, construct and erect all kinds
of mechanical devices. appliances inyeu-
| mons or other works and machinery: and
| TO buy, sell. make and repair tools and in
| Strume ntS and supplies of every dcscrip-
ton and kind that are or can he made,
out of or from brass. copper iron and
other metals or of wood TO carry on
turning plant: and TO rent sell and other
wise dispose of machinery and all appara-
tuS and articles that may be made han
died. manufactured repaired in the
aforesaid plant or machine shops of said
corporation.
ARTICLE IV.-The capital stock Of this
corporation shall he fifteen thousand dol
lars (Sl5.OO000). divided into and repre-.
sented by one hundred fifty 05m shares
II III" par value of one hundred dollars
SlOO) each. all of which shall be com
mon stock. fully paid and worcestershire
boil
concern when One-half of the capital stock
shall have been subscribed. The capital
stock may he increased up to twenty-five
thousand dollars (S2J.0O0.0O) by a vote of
a majority of the Board of Directors at
any time. without a meeting of the stock
holders. or amendment of the Charter
Any increase of the capital stock in ex-
cess or twenty-five thousand dollars (s25-
lWOoU snail he made by twO-thirds (2-3)
vote of the stockholders and an amend
ment of the charter as required by law
No stakeholder shall sell or otherwise
dispose of his stock in this company with
out first Offering il to the other stock
lhOlders. through the Board of Directors
in writing. and the stockholders shall have
hNe 90 days from the receipt by them of
a written notice from the Board Of hi.
rectors within which to either accept or
reject the offer.
ARTICLE Van the corporate powers
of this corporation shall he vested in and
| " 'A'i'lN'h IVY u OF DIRECTORS
which shall consist of three stockholders
( two Of whom shall constitute a quorum
to do Business. Each member of said
| Board shall own nj least one % share of
un'ncumbercd stock in his own name on
the books of the company. The Directors
shall be elected annually by ballot at
meeting Of the stockholders to he held in
compliance with Section 10 OF Act'267 of
| 1914. The first BOARD of Directors TO
/ serve until :he first Monday in February
| 1871. until thpir SboII how
been duly elected and shall have qualified
shall consist of: John Walker. 914 North
Solomon street New Orleans La: Albert
J. krail. 1929 Howard street New Orleans
| La. and William Rigney. 1868 Annuncia-
| ton street, New Orleans. Ea., of whom
John Walker shall be President Albert
| J. krail shall br Vice President and Viii
liam Rigney shall be Secretary Treasurer
All vacancies occurring in the Board of
Directors shall be filled by the remaining
| Directors for the unexpired term. The
Board of Directors shall have power and
authority on behalf of the corporation TO
purchase. lease and otherwise acquire any
property. to sell, mortgage. pledge or
hypOthecate the same: to make loans bor-
row money. issue notes and other obliga-
lions; in fine shall have all such power
and authority invested by Act 267 of
1914.
ARTICLE VI-The appearers have sub
Scrlhed 70 the number of shares set Oppo-
| site their respective names. and Their sig
natures hereto shall constitute the original
| subscription list to the capital stock of
| this corporation
Thus done and passed. at my office in
| the City of New Orleans the day, month
and year hereinabove first written. in the
| presence of MessieurS Henry W. Robinson
and l.. W. Rawlings. competent witnesses
| residing in this city. who have hpreunto
| signed their names with appearers and
me, Notary, after due reading of the
| whole.
| Original signed John Walker. 914
| North solomon street. 100 shares; Albert
h krail, 1879 Howard street 10 shares:
William Rigney, 1865 Annunciation street
! 10 shares.
Witnesses: Fl. W. Robinson, L. W
| Rawlings
| HENRY L. SARPY. Not. Pub.
| j. the undersigned Recorder Of Mort
cages for the Parish Of Orleans. State OF
| Louisiana, do hereby certify that the fore
going Act of Incorporation of 1.-THE Ma
rine Iron Works, Incorporated" was this
| day duly recorded in my office in Book
| 1898, Folio -.
New Orleans. La. February 25th. 1920
(Signedl EMILE J. LEONARD. by. r.
/. the undersigned Notary, do hereby
earthly hn ah0va IN ha trua nd