The herald., 1920-01-08
CHARTER.

| stockholders, to borrow money, execute
mortgages, issue notes. pledges, bonds or
other obligations, in such amounts and on
such terms as In their judgment may be
advantageous; and generally to do all
things reasonably necessary or convenient
for the proper carrying on of the business
of the corporation, and they are specially
authorized to issue and deliver full paid
shares of stocks and bonds, or other obli-
cations of the Company, in payment of
property acquired by said corporation.
Four directors shall constitute a quorum
for the transaction of business. The Board
of Directors shall have the power, by a
vote of not less than a majority of all
directors, to sell all or any part of the
property, movable or immovable, belong
ing to the corporation, or to receive in
exchange therefor money. or stocks or
bonds, or other obligations of another in
dividual, firm or corporation of any char
acter, without referring to the sharehold-
ers for power to do so. At any meeting
of the Board Of Directors any director
absent from the meeting may be repre-
sented by any other director who may
cast the vote of the absent director, in
accordance with written instructions given
by said absent director. Until the annual
meeting of 1920, or until their death,
resignation or removal from Office, IL prior
to that time, the Board of Directors shall
consist of the following: X: Moot, 20 Ards
ley Road Schenectady, n. Y; Geo. IL.
Wygant, 1876 East Boulevard, Baton Rouge,
La ]. Blanc Monroe, 1924 Louisiana ave-
nue.. New Orleans, La; Monte NJ. Lemann,
63fI st. Charles avenue, New Orleans, La
Watts X. Leverich, 1925 Pleasant street,
New Orleans, La; Joseph W. Montgomery,
5l4 Walnut street, New Orleans, La, and
Walter ]. SUTTON, Jr., 1875 Eighth street,
New orleans, La. OF the foregoing Geo.
H. wygant shall be President; Monte NJ.
Lemann, ce-President; j. Blanc Monroe,
Secretary, and j. Blanc Monroe, Treasurer.
ARTICLE yI.-This act of incorporation
may be modified, changed or altered, or
this corporation may be dissolved in the
manner provided by law by vote Of two.
thirds Of the entire outstanding capital
stock present or represented, at meet
| ing Of the stockholders convened for such
purpose, after previous notice shall have
| been given In the manner above required
| to be given of the annual meeting OF the
corporation. The capital stock of the cor
poration may be increased or decreased by
proceedings In accordance with the laws
Of the State of Louisiana.
| ARTICLE VII.-If this corporation shall
be dissolved, either by limitation or from
any other cause, its affairs shall be hQui-
dated by three (3) liquidators to be APP
| pointed at a meeting of the stockholders
convened for the purpose OF liquidation
| and to be elected by a majority vote OF
| all the stockholders present or represented
| Said liQuidators shall remain in office un-
| til the affairs of said corporation shall
have been fully settled and lquidated
! and they shall have full power and au-
thority to transfer and give title to all the
property and assets OF the corporation
and to distribute the proceeds. In case OF
death, disability or resignation Of one OF
more liQuidators, the vacancy shall b
filled by the survivor or survivors.
ARTICLE vIII.-No stockholders shall
ever be held liable or responsible for the
contracts or faults Of said corporation IN
any further sum than the unpaid balance
due on the shares of stock owned by him
nor shall any mere informatity in organi-
zation have the effect Of rendering this
charter null, or of exposing any stock.
holder to any liability beyond the amount
| due on his stock.
In order that this charter may also
serve as the original subscription list
! the subscribers hereto have Indicated op'
posite their respective signatures the mum.
| Der Of shares Of stock subscribed for by
each of them.
Thus done and passed in my office at
| New Orleans, La, on the day, month and
| year first above written in the presence Oh
X. L. Burbank and Yvonne Goodrich, COM
petent witnesses, who have hereunto SUD-
scribed their names, together with me
Notary, and said appearers, after due
reading of the whole.
Original signed. tNames Of subscribers
| omitted.)
Witnesses:
r. L. Burbank.
Yvonne Goodrich
WATTS X. LEvERICH,
Notary Public.
I. the undersigned, Recorder Of Mort
cages, in and for the Parish. of Orleans
States of Louisiana, do hereby certify that
| the above and foregoing act of incorpora-
| ton of the Gulf States Electric Company
| Inc, was this day recorded in my ONCE In
book 1891 folio ~.
| New Orleans, Louisiana, December 3
1919.
Recorder.
A true copy
WATTS X. LEvERICH. Not Pub.
Dec 4-Jan. 3.