The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-16
CHARTER

| of this corporation shall be Jas. II. Ait
ken X Sons. Inc. and under that name II
shall have aud ENJOY all III" rights, dd-
NautagtS and privileges granted 10y law
TO corporations, ana shall exist for tho
full term and period Of ninety nine years
from the date hereof II shall have power
to contract. sue and be- sued. to make
aud Use It corporate seal. and the sam" To-
alter or break at pleasure. to hold. re-
c"iv". lease, purchase. sell ana convey.
as well as mortgage and hNputhtraf" .uf
pledge property. both real and persona!
and mixed. corporal and lu'urpUr,Jl. 10
name and appoint such managers. dire
tors. officers, agents and other employees
as its interests and convenient" may re-.
puir". and to make and establish. as We.
such bylaws. rules aud regulations as
may be necessary and cNp"dirut for
proper management and government of th,
affairs of the said corporation.
ARTICLE II.-Thc domiyilr of this cor
pOraIion is hereby fixed in the city Of
New Orleans. State OF Louisiana. and F..
citations or other legal process shall bc
served upon the President OF the said cor.
pOrItioH. or in his absence upon the Vice
President. or upon the absence OF both
ARTICLE III.-The objects and rur.
poses of this corporation aud the uatur,
Of th" business to be- carried on Dos it,
are hereby declared To Doe.
To carry ON the business of plumbing iu
all of its branches, th" pur,Aa~" and sale
ui merchandise, machinery and supple.
relating To th" said business. 10 Us, an
y
proper TO carry on said business. with tl,.
right and power to do ANY and an tuiu-.
necessary. or connected with. OF iu amy
manner incidental or complementary Co.
the objects and purposes therein SIT fort
and above EXPRESSED.
ARTICLE IN.-The capital stock OF ft
corporation i hereby fixed AT the sum o.
fifteen thousand dollars tSIJ.UUOuu,. 90 %,
divided into, and represented by one hun
drcd and nifty $50, shares of the SUM CO.,
one hundred dollars tSlpOuuI each. ra1
The capital stock of this corporation.
may be increased To the sum of fifty 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 said
stock at the book value thereof; the said
offer 10 remain open for a period of thirty
days and the other stockholders To divide
the stock so offered on basis cOmmcn-
Surate with the stock owned by them. al
the time of said offer.
All transfers of shares Of the capital
stock or this corporation shall be made
and entered on the stock book of the cor
poration. and no transfers shall be in am
manner binding on this corporation IN
less 50 entered.
ARTICLE V.-An the corporate powers
Of this corporation shall be exercised bl
and vested in a Board of Directors con
Sisting Of not less than three stockholders
ana not more than five stockholders. q
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.
Vice President and a Secretary.
The first Board of Directors shall con
siSt of three 80 stockholders and shall be-
composed of James II. Aitken. Robert r
Aitken and William Aitken: with the said
James ii. Aitken as President Robert f.
ken as Secretary.
The post office addresses Of said direc-
tors are as follows: James II. Aitkcn. 5I5
CarOndelet ST. New Orleans: Robert +
Aitken. 515 Carondelet St. New Orleans !
William Aitkcn, 5l5 Carondelet St. New |
Orleans. These directors and officers shall |
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 on /
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 |
of two commissioners APP
pointed by the Board of Directors. Fifteen
days notice of such election shall have
by the Secretary, by letter deposited in
he post office properly addressed TO each
'tockholder. as prescribed by law.
All elections shall be by ballot. ma
Iority of the votes east shall elect. and
Dne vote shall be allowed for each share
represented by the holder in person or
~ proxy.
Any vacancy occurring in said Board
rom any cause shall be filled for the I'M
'Xpired term by the remaining directors.
ARTICLE Win the event of the
liquidation or dissolution of this cor
'oration. the stockholders shall elect
wo hquidators from among their
lumber. at meeting convened for
hat purpose, after ten days written no
Ice sent to each stakeholder by mail to
lis or her last known address; said liuui-
ators shall have the authority to wind a.
business nf | 4
ion.
In case of death of either of said Iidui-
ators the survivor shall appoint 4 stock
folder as successor 10 him.
ARTICLE VII.-This act of incorpora-
ion may be modified. changed or altered
n said corporation may be dissolved
wO-thirdS of the entire capital stock at |
general meeting of the stockholders con
ened for such purpose. after ten days !
written notice shall have been given TO
ach stakeholder mailed to him at his or
er last known address.
ARTICLE VIII.-No subscriber for
ontractS, faults or debts of said cor
oration in any further sum than the I'M
aid balance, if any, due the corporation
n the stock to which he has subscribed |
or shall any stakeholder ever be held ,
liable for such contracts, faults or debts ,
any further sum than the unpaid bal {
nee, If any. on the stock owned by him | ,
or shalN any mere infermalty in Organi-
alton have the effect of rendering this ,
harter null, or rendering any subscriber | ,
able beyond the unpaid amount, if any
due on his stock.
ARTICLE 1X.-This corporation is or
anized under the laws of the State of :
.ouiSiana, and especially Act No 267 o. |
9l4, and all amendments thereto and Z
he subscribers hereto, for themselves and I
Or the said corporation. and for its Off {
erS. directors and stockholders hereby ac- /
ept, as part of this charter. and as con q
itiOns of this incorporation, all the rights c
overs, privileges and immunities grantee I
D corporations. and granted to. and CON 9
Erred upon officers. directors and stock
olders of corporations by said laws and /
v said act, etc; such acceptance being 7
$ full. complete and binding as If the {
lld rights, powers. privileges and i'm :
lunities were set forth at full length in !
his instrument. .
ARTICLE X.-Fifty per cent of the cant .
II stock OF this corporation (75 shares y
as been subscribed and settled for Mt tbo :
<ecution hereof, as hereinafter shown: y
The said subscription of seventy five =
lares to the capital stock of this corpora I
on has been paid for by the appearers
ereln by the transfer by them to the cor e
Drat1on of all movable and other prom o
'ty situated at No. 515 Carondelet Street il
this City of New Orleans, and described Il
the attached inventory which has been o
iraphed me Varietur" by me. Notary s.
II Identification herewith; which prom. p
~ Is now appraised by the Board of Di. d
ctors OF this corporation at the sum of b
twenty-five hundred dollars Isl 5OOOO c;
Each subscriber hereto sets after his Il
Ime. his post Office address and state in
ent OF the number OF shares of stock for Il
hich he subscribes o.
Thus done and passed in my Office, in m