The herald., 1920-10-28
CHARTER OF LOUISIANA ACETELYNE
COMPANY. INC.

juitrd States Of America, State OF Lou
lSlanH. Parish of Orleans. Be il known
That on this Bird day of the month of
September. in the wear OF our Lord one
and OF the Independence of Tn, United
states Of America. the one hundred and
iorty fifth, before me. Watts h. Lev
erich. Notary Public, duly com
mI>siou"t and qualified. in and for
IN" Parish OF Orleans. state Of Louis
lana. therein residing, and in the presence
ot IN" witnesses hereinafter named and
undersigned. personally came and appear
I'd the several persons whose names are
h'rcunto subscribed. who declared, that
awaiting them selves of the laws OF this
state relative to the organization of cor
poration>. they have covrnauted and
agreed. and do 10y tb"s" presents covenant.
agree. bind, form and constitute them
>"Iyc>. aS well a. such persons a. may
hereafter join or become .>>ociatcd with
them. into corporation or body polite in
law. for the objects and purposes and nm
der the agreements and stipulationS fol
lowing. tO-Wit.
ARTICLE The name and title Of this
corporation shall he Louisiana Acrtclyne
Company, Inc, and under its corporate
name II shall enjoy succession for the fun
term and period OF ninety nine years from
and after the dat" hereof. and shall have
power and authority TO contract, sue and
be sued. 10 accept and receive mortgages.
pledges or other hypOthecationS, TO make
ana Use corporate seal and the same to
break and alter at pleasure; to purchase,
receive. lease. hold or otherwise acquire
/ hypOtheCate, 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
J 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 as alter and
\ amend at pleasure such bylaws rules and
\ regulations for the management and rrgu-
| lation of the affairs of the corporation as
| may be necessary, proper or convenient.
and generally TO do all such acts and
/ things as 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.-Thc objects and pur-
| poses for which this corporation is organ
lied. and the nature of the business to be-
carried on by il. are hereby declared to be
| To manufacture, buy, sell and deal in
/ acetelyne gas, carbides and /or welding
/
of property, material and devices; to &C
quire, 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 eX-
| change its entire assets and business. or
any part thereof for property, stocks,
bonds or other obligations of other com,
panies, 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 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 s150. OOO.O0) dollars of the
par value Of one hundred (S100.O0) dollars
per share The amount Of said stock may
| be- increased TO five hundred thousand
| $500, 100000 dollars. No transfer of stock
shall be binding upon the corporation I'M
| 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 or
! she shall have first made written offer
to the other then stockholders of the cor
| pOratiOn, and to the corporation itself, "a
sell his or her stock to them at the book
value thereof. Book value" as used here.
| In is hereby defined to mean the value al
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. colIec
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 desirin!
to sell shall be distributed prOrata amonl
such of the other stockholders as desire q
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
to purchase is less than the total offere,
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 shal
be open for purchase by the corporation
itself; and unless prohibited by law. tn
corporation may itself use and apply il
) surplus earnings or accumulated profits t
the purchase from any stakeholder desir
ing to sell Of any portion of that stock
; holders stock which none OF the othe
3 stockholders may desire to acquire, at tn
book value thereof; provided. that the col