The herald., 1920-08-19
ACT OF INCORPORATION OF BOISSET
HYDRO MANU-
FEATURING CO., INC.

United States of America, State of Lou
isiana, Parish of Orleans, City of New Or
leans. BE it known, that on this
twenty third day of the month OF
June, in the year of our Lord one
thousand nine hundred and twenty and of
the Independence of the United States of
America, the one hundred and rty-fourth,
before me, Charles Theodore Starkey, II
Notary Public. duly commissioned and
qualified in and for this city, and the par
ish of Orleans, therein residing, and in
the presence of the witnesses hereinafter
named and undersigned, personally came
and appeared the persons whose names
are hereuntO subscribed, who declared
that, availing themselves of the laws OF
this State. relative to the organization OF
corporations, they hereby form themselves.
their associates and successors. into a cor
pOratiOn with all the powers and privileges
thereof. under the following articles. which
they adopt as their charter, to-wit:
ARTICLE 1.-The name of this cor
poration shall be BOisset Hydro-Trans-
mission Manufacturing Co, Inc, and un-
der its said corporate name it shall have
power and authority to enjoy the corpor-
ate existence and succession for the full
term of ninety nine years, from the date
hereof, to contract, sue and be sued, to
make and use a corporate seal. and to
alter and break the same at pleasure; to
acquire by gift, grant or otherwise hold.
receive hyPothecate SSnUey sell ron Iepss
real. personal and mixed; to issue nego-
table bonds and notes, or other evidences
of debt; to name and appoint such man
ayers, agents, directors and officers, as its
business interest and convenience may re-
quire, to make and establish, as well as to
alter and amend, from time TO time, such
bylaws, rules and regulations Tor the
proper management of the affairs of this
corporation, as the same may be neces-
sary and proper; said corporation shall
have further power to acquire, sell and dis
pose of the capital stock in other corpor-
ations; and further to enjoy and exercise
all the rights and privileges and grants
under the laws of this State, and more par,
ticularly under Act 20! of 1914 of the
ARTICLE 1.-THE objects and purposes
for which this corporation Is formed and
the nature of the business to be carried on
by Ii are hereby declared to be: To man
ufacture, buy, sell, acquire, hold hydro
transmission devices for tractors, trucks,
stationary engines, locomotives, and other
engines used for mechanical purposes. etc.
and to buy, sell and manufacture all kinds
of parts used in connection with the build
ing and manufacturing Of engines as above
mentioned, and to acquire all right. title
and interests of Charles BOisset in certain
patents, and to manufacture, sell and dis
pose Of all of said products and promote
and develop the same, according to the
best judgment Of this corporation.
this corporation is hereby fixed at the
sum of twenty thousand (S20,00O.00) dol
lars, to be represented by two hundred
(20O) shares Of the par value of one hun
uTtu NSAuO.VOj uOlidis NdShs Pay avn ~
time and under such conditions as the
Board cf Directors may determine. This
shall be going concern and
authorized to do business as soon as fifty
(50) per cent of it's authorized capital shall
be subscribed for, and at least fifty 90
per cent of all stock subscribed for shall
be paid for. Stock of this company shall
only be issued for cash, or for services
merchandise, property or other
considerations, enuring to this
corporation, according to the exclusive
judgment and findings Of the Board o
Directors thereof.
ARTICLE Iv.-The subscription for and