The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-03
CHARTER
ACT OF INCORPORATION OF ii. +.
HINRICHS CONSTRUCTION
COMPANY INC.

of our Lord, One Thousand Nine Hundred
and Twenty (l92O), and of the lndepen-
dence of the United States of America, the
one hundred and forty fourth; before me,
James Clark Henriques, Notary Public,
duly commissioned and qualified, in and
for the Parish of Orleans, State of Louis
lana, therein residing; personally came
and appeared the persons whose names
are hereuntO subscribed, who declared thar
awaiting themSelve of the provisions OF
the laws Of this State, relative 10 the or
ticularly of Act No. 267 of the General
Assembly of this state, approved July
9th, 1914, they have cOvenanted and agreed
and do by these presents covenant and
agree. bind, form and constitute them
selves, as well as such persons who may
hereafter join, or become associated with
them, into a corporation and body polite
in law, for the objects and purposes and
under the agreements and stipulatiOnS fol-
lowing, tO-wit:
ARPlCLE 1.-The name and style of this
corporation shall be IL. +. Hinrichs Con
StructiOn Company, Incorporated, and un-
der that name ii shall have and enjoy all
the rights, advantages and privileges grant
ed by law to corporations; il shall exist
for "A period of ninety years from this
date: ii shall have the power to contract,
sue and Ice sued in its corporate name; to
make and use Il corporate seal. the same
To break or alter at its pleasure. To have
ana employ such mana ayers. directors, of
tc"r>, agents and other employees us the
interest and convenience of said corpora
ton may require or demand: TO make and
establish such bylaws. rules ana regu1a,
lions for the corporate mana gpmpnt and
control of the affairs of the corporation
as may hc deemed necessary convenient
and eNprdient.
ARTICLE 1.-THE domicile of this cor
pOration shall be in the city of New Or
leans. state of Louisiana. and all citations
ana other legal process shall be served on
the president, or i'll his absence ON the
first Vice President.
ARTICLE lll.-The objects and pur-
poses for which this corporation is or
ganized. and the nature of the business To
be carried On by it. are hereby declared
TO he as follows. tO-wit:
To engage in the business of general
contracting and construction work. and
generally, to do and perform any thing or
act necessary. convenient or proper for
the carrying into effect the above named
objects and purposes.
ARTICLE IV.-The capital stock of this
corporation is fixed at the sum of five
thousand (SJ.OOOOO) dollars, divided into
fltty tJO) shares of the par value of one
hundred (Sl0O0O) dollars each. All shares
of stock shall be full paid and non-as-
SesSable.
Said stock shall he paid for in cash. or
the same may be issued. AT not less than
par. for labor done or for services render
eel to the said corporation. or for prop
corporation.
This corporation shall have the right to
Increase its capital stock up To the further
sum of on" hundred thousand ($lOO.OOO.-
UO) dollars. or any part thereof. to be
divided into shares of one hundred $500 COZ
dollars each. provided said increase in the
capital stock shall have been authorized
10y the stockholders at Il meeting held pur-
Suant TO the provisions of law.
This corporation shall be and become a
going concern when fifty (jO) per cent of
its stock shall have been subscribed.
ARTICLE N.-AU the corporate powers
of this corporation shall be vested in. and
exercised by. n board of directors COM
posed of five stockholders. Il majority Of
whom shall constitute Il quorum for the
transaction of all business.
The directors shall be- elected annually
by ballot, by the stockholders on the
fourth Tuesday of January in each year.
The first board of directors of this cor
pOratiOn shall consist of Collins NJ Sum
rail-. whose pOStOffice address is Danville.
Kentucky; Charles \. Stair. Henry +. Hin
richS. Henry g. HinrchS and Milton Las
ker. whose pO>toffice addresses are New
Orleans, Louisiana. with Collins NJ. sum
rail-, as president: Charles \. Stair. first
vice president; Henry +. HinrchS second
vice-president: Henry &. HinrichS. third
vice president; Milton Lasker. secretary
treasurer. to serve until the next annual
election or until their successors have been
duly elected and qualified.
NO failure 10 elect directors shall be re-
Sarded as Il forfeiture of this charter.
Any vacancy occurring on said board
OF directors shall he filled by the remain
ing members of said board.
Said board of directors shall have the
right to appoint and dismiss such clerks.
managers and other employees of the cor
poratiOn, as in its judgment. may he
deemed necessary.
The tenure of office of all the employees
Of the corporation shall be during the
pleasure of the board.
Each stakeholder shall be entitled, in
person or by proxy. to one vote for every
share of stock owned by him. and all
elections shall be held under such rules
aud regulations as may be specified by
the board of directors.
ARTICLE NI.-ThiS act of incorporation
may be changed. modified or altered or
the said corporation may be dissolved.
with the assent Of the stockholders own
ing twO-thrds of all the stock of the cor
pOration, at general meeting convened
for that purpose. and after at least fifteen
days written notice of this meeting has
been given personally or through the mail
to each stakeholder at his last recorded
address
In case of dissolution. by the expira-
ton of this Charter, or otherwise, after
compliance with law. the stockholders
shall elect two liquidatOrs from among
their number to liquidate and settle the
business and affairs of the corporation
The said iquidatOrs shall have full power
10 Stllle Ine corporation ueDtS ana Ill
vide the remaining money among the
stockholders. In the event of death or
disability of anyone of the said Hquida-
tors. the remaining liquidator shall full
fill all the duties of lquidatOr. Said liqui
datOrs shall have the power to fix and
prescribe the terms of sale of said prop
erty and the manner in which the sale
shall be made.
They shall he vested with full final and
complete power and authority, necessary,
proper and eXpedient to do and perform
any and every act and thing necessary to
wind up and liquidate the business and
affairs of the corporation.
ARTICLE Vino stakeholder shall
ever be liable or responsible for the con-
tracts. faults or debts of said corporation.
nor shall any mere infOrmality in its or
ganiZation have the effect of rendering
holder to any liability beyond the unpaid
balance due on the shares of stock sub
scribed for or owned by him.
ARTICLE NIIl.-The subscribers here
unto have respectively written opposite
their names. the amount of stock in this
corporation subscribed for by each of them
so that this act of incorporation may also
serve as the original subscription list of
the corporation.
Thus done and signed. at my office. Mt
the city of New Orleans. on the day. month
and year first above written. in the pres
ence of Charles Leblanc and Frank T.
Doyle, competent witnesses. residing in
this parish. who have signed these pres
ents, together with said appearers and me
notary, after due reading of the whole.
(Original signed NJ. Lasker. Collins NJ.
Sumrall. e. \. Stair. III. +. Hinrichs. II.
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