The herald., 1921-03-31
CHARTER

paid to the Ockholders vao-,
respective shares Of stock as fn,y On NJ,
the following order tO-wit: aaas \
The holders Of the pre,rrea ,..
be entitled 10 receive, when aug III
clared, from the surplus or net nv q 4
the corporation, yearly DIVIDENDS .ena
per cent. per annum, and no mos sa
annually, on a date to be fxaa y, pay,E.
laws. The dividends on y! Tie
stock aforesaid shall be cpme, pfetens Z
shall be payable before any diyidaa's u;
common stock shall be paid ana ue % d.
50 that II. IN any year, dividend ips
ing 10 eight per cent shall mot Snaea
paid thereon, the deficiency shan ave Ia
able before any dividend sbanA oe pa
upon or set apart for the comm.Oe pta
NheReycr all cumulative diyidsnSnn a0i
preferred stock for all previous ra On D
have been declared and shall havan ~ .
payable ana whenever the comnsnov oss
have PAID shct cumulative diyidsrsI ~
previous years, or shall have ~, h
from us SurpiHs or net profits a su, sea
cient for the payment thereof ,hu M
of Directors may declare diyidsnSse Bout
common stock. payable then on tH On b
out of any remaining surplus or No. rate
This preferred stock shall be ~. Woth
stock, but shall constitute first nv. 'ot:s
the property ana assets and No, -" ape
of the company. The right "a earniAa
reserved 10 redeem the preferrea eapfesst
this company on any dividend ns.1 u
$1,000 per share providing all sir;Ss
shall have been paid as guarantees Sase
In the event OF any liquidation AZ .'ta
solution or fAr winding I'D. wh..Ws
voluntary or Involuntary, Of the co,ss
tiOn the holders of the prefs,,nSV ipoet
shall be entitled 20 be paid in fnn sst
the par amount Of their shares w 90
unpaid dividends accrued thereon any y
any amount shall he paid 70 ,ba Vsi0n
of the common stock and after ~ aOiasa
ment to the holders Of the prefs,,nSe pat
of its par value and the unnaid Sst
dividends thereon. the remaining s.. s.cius
funds shall be divided and Ss;S !. "
holders Of the common stock acco,a,. y
their respective shares.
ARTICLE V-Thc business n, ~.
poratiOn shall be managed and al J, us
corporate powers vested In a paN W
three Directors. two of whom shsn Z
stitute a quorum for the transec,s. ~
business. to hv elected from amorn Z
stockholders at a meeting called ~ u y
purpose. The Board of Directo,s .a L
elect from among their number p.-e
dent, one Vice president. a Seerets,r y
a treasurer, the right being reserves
combine the two last named offices
Board of Directors shall have ful A.. -
and complete control of the bpsirss~s w.
fairs and property OF this corporatior =. y
they shall manage, conduct and NJ. !. y
same as in their discretion they NAV a.
best, with power 10 appoint all a..
clerks and employees and to fx thei, s.a
pensation. Any vacancy occurring n n
Board OF Directors shall be filed ~ ~
remaining members of the Board n, 4
unexpired term.
ARTICLE VI-The first Ro.,s
Directors of this corporation shall he a..
posed of the following named Officers. y
Il. RennysOn, President and Csn.'
Manager: DIR. A. O. HOefeld, yies.n,..'
dent; Peter Alphonso, Secretary. Tre,m,s
This Board shall serve unr,I tha a.
meeting Of the stockholders for the slprtIs
of Directors, or until their successors !,
elected, on the 18th day Of January ~
and annually thereafter. All ejecfi,-
shall be by ballot and each shs,s
voting stock shall be entitled TO ous VA
whether cast in person or by proxy.
ARTICLE VII-This charter mar ,
changed, altered or amended. and the A
pOratiOn may be dissolved or Houidst,s
the method and manner pointed on, !
Act 267 of 1914.
ARTICLE vIII-No stockholder 81,
ever be held liable or responsible for d
contracts or faults of this eorporstio,
any further sum than the unpaid bsk,,
due the corporation on the shares own,
! by him, nor shall any mere informalty
organization have the effect of render,
this charter null or exposing any sod
holder TO any liability beyond the anon
/ Of his unpaid stock.
Thus done and passed. in nv Office
the City of New Orleans, State Of lou
lana, in the presence of Joseph A. CAS-
and Ben Hocke, competent witnesses !
| siding in this city, who hereunto sign the
names with said appearers and me. Notsr
after due reading of the whole on 4
day, month and year first above written
Original Signed. !. b. Rennyson, !
| Carondelet, St., one share: Peter Alphons
| $50 st. Maurice ST., one share; A. 0. Hs
| field, NJ. D., $50 Audubon Bldg, one shsi
Witnesses. Jos. A. Casey. Ben. Hoske.
JN0. J. REILLEY,
Notary Publ
/, the undersigned, Recorder Of MOI
| cages in and for the Parish of 0fssl
state OF Louisiana, do hereby certify u
the above and foregoing charter Of
Automatic Boiler Cleaner Company, In
was this day duly recorded In my of
in Book 1858, folio 243.
New Orleans, La, March 3rd, 1921.
(sIGNEDJ RoBT. SCOTT,
Dy. Rec
A true copy.
JNO. J. RELIEF,
Notary Pub
March 10 TO April IA.