The herald., 1920-03-04
THE HERALD, NEW ORLEANS, LOUISIANA.
CHARTER.

|
Huffman one hundred and ninetey -eigh
shares of stock, all full paid and nor
asSeSsable, and said Bultman hereby sub
| ScrlbeS for said shares of stock, the sam
TO be paid for by being accepted in fuI
payment of the cOntractBal rights sold {
| this corporation.
Other subscriptions TO said capital stoc
| shall be paid for in cash, at such time
| ana III such amounts as may be de
| tcTmined by the Board OF Directors.
No transfer Of stock shall be bindin.
upon said corporation unless made upoi
] the books of the corporation. and all Ger
! tlhcates of stock shall bc signed by suCl
| officers dS may be designated by tht
! Board of Directors.
The said corporation shall at once be
come and he a going concern and ShaI
| Immediately commence business
The said capital stock may be increased
| from time to time to any amount not cX'
ceedinC. one hlSndrcd thousand dollars
such increases to be made as provided
| by law.
ARTICLE V.-AH the corporate powers
of said corporation shall he vested in
and the management and control OF il,
affairs shall he exercised by Il Board OF
Directors. composed OF three stockholders
| Each director shall own ut least ont
share of stock and shall be elected an
nually. 10y the stockholders. by ballot. OF
tn" Thursday following the first Monday
i'll JInuary,-the tr>t election TO be held
in 1927. Notice shall bc given by mail
addressed 10 each stakeholder. mt his last
the books of the corporation, said notice
To Ice mailed AT least fifteen days before
such election. and all elections shall be
held under such rules and regulations a>
may be fixed by the Board of Directors.
H. case of any failure TO hold an ClCc-
ton rs ab0V" provided, such failure shall
NOT forfeit this charter. but an election
shall be held as soon as may be pruc-
tiCable after notice as above provided.
Each Board of Directors at its first
meeting after each election. shall elect
from its number a president and shall
also elect secretary and a treasurer. who
may be members of the board or not. as
IN" directors So" tit. and both OF said
offices may he held by one and the same
person. as Secretary and Treasurer, US
may be determined by the Board.
\ majority of the directors shall con-
>titutr Il quorum for the transaction of
Ill business. and any vacancy occurring
on said Board shall be filled by the re
manning directors for the unrNpired term.
The said Board. or such officer or man
agcr aS il may designate. shall appoint
such officers. managers. clerks and other
employees Of said corporation As may he
necessary for its business and shall di--
and employment of all officers. managers.
clerks and employees shall be during the
pleasure of said Board.
The said Board shall have the right and
power to buy. sell. improve, contract.
lease. borrow money. issue bonds and exc
cute mort cages and. in general. to eNer-
else all the powers Of the corporation. as
well aS to carry out its objects and pUr-
pOS"S.-aIl without reference to or au-
thorization by the stockholders.
From time to time said Board shall
adopt rules, regulations. and bylaws for
TIA" management: and control of the bust
ness and affairs of said corporation. and.
in rs discretion. shall cancel, change and
modify the same.
ARTICLE Vino subscriber hereto or
stakeholder of the corporation shall ever
be held liable or responsible for the con
tracts, faults or debts of said corpora
ton; nor shall any mere infOrmalty in
the organization have the effect of rem
dering this charter null. or of exposing
anv subscriber or stakeholder to any liza
hility hey Ond the unpaid balance. if any.
due on the shares subscribed for or owned
ARTICLE VIG.-ThiS act of incorpora-
ton may be changed. BOdited, or altered.
or said corporation may be dissolved, with
the assent of tn" holders of twO-thirdS of
the stock of the corporation. whose own
eTS are present and represented at "A gen
cral meeting of the holders of stock. after
at least thirty days written notice of such
meeting has been given through mail. adj
dressed to each stakeholder at his place of
residence. as shown on the books of the
corporation.
In case of dissolution. whether by the
expiration of this charter or otherwise, the
holders of stock shall elect three liquida
tors from among their number, to liquidate
and settle the business and affairs of said
corporation. In case of death or dis
ability of any of said liquidatOrS the
survivors, or the remaining liquidatOrS,
shall appoint successor to such liquida-
tor Said liqnidatOTS are hereby given full
power, either by court or law proceed
ings, or without such proceedings, as
they shall elect. to collect all amounts
due the corporation, sell or otherwise dis
pose of its assets, pay its debts and liza
bilttieS, and compromise and settle all
disputed questions and matters: and shall
have and exercise all other powers neces-
sary aud usual to fully and finally settle.
wind up and liquidate all the business
and affairs of the corporation, and dis
tribute its net assets or funds among its
stockholders in accordance with their re-.
spective rights.
ARTICLE VIII.-The names of the first
Board of Directors and their post Office
addresses are as follows:
A. Fred. pullman, Jr.. 2913 Maya zine
Street, New Orleans, La; Edward Il. Gsch
wind, Goal Laurel Street. New Orleans
Street, New Orleans. La.
The said Board of Directors. with said
a. Fred. Bultman, Jr., as President, and
said Edward r. Gschwind. as Secretary
ton TO be held on the Thursday follow
ing the first Monday in January, 1921 and
until their successors shall be elected
The names and post Office addresses of
the subscribers hereto and the number of
shares which each agrees to take in the
corporation are as follows. viz:
a. Fred. Bultman, Jr.. 2913 Magazine
Street. New Orleans. La, one hundred
and ninety-eight shares of stock $40
10000; Edward r. Gschwind. 6071 Laurel
Street, New Orleans, La one share of
stock. $4,000: Miss EleonOre GSchwind
i071 Laurel Street. New Orleans. La, one
share of stock. $4,000
Thus done and passed i'm my Office on
he day, and in the month and year here
n first above written, in the presence
# Messrs. Azzo J. Plough and Lawrence
NOllenweider. Jr., competent witnesses.
who have signed with the parties and
ne. Notary, after due reading Of the
whole.
Original Signed):
a. FRED. PULLMAN. JR.
1913 Shares.
EDWARD r. GSCHwIND.
I Share.
ELEONoRE GSCHwIND,
/ Share.
Witnesses:
AzZo J. Plough.
Lawrence VOllenweider. Jr.
HENRY G. MCCALL.
Notary Public.
Certificate of Recorder.
I, the undersigned Recorder of Mort /
RACES in and for the Parish of Orleans |
'tate of Louisiana, do hereby certify that |
he above and foregoing Act of Incorpora- |
ion of the Automatic Register Scales |
'Ompany, Inc, (of LOuisiana). was this !
lay duly recorded in my office, in Book |
23S. folio 265.
New Orleans, January 13. 1920.
(SiUnpdl EMILE Il LEONARD