The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-14
CHARTER

sale OF SAID manufactp,os
SeutI"IIy 70 do and ensau artA,\v
business connected witS age II ,ss n
germane or incidental ~ grovinS
by the charter. -Or'h Or Con-,
! ARTICLE IY-The esr,.
corporation is hereby srasIi sOcs .
DIVIDED INTO $50 shares at Ns
OF $Ir'VO each, of comnoan. the b,
shaTrcS, ~ the par valua Ot stOeE
preferred stock. all OF NJ. siNN
De pald Tor in cash ~ uien uSs
property actually receivsd labor h.
tion shall have the riSt. Tbs ~
business when fifty per SUI 10 esSg
stock has been SubscrihoSSe nt Of A,
reserved 10 Increase IT, and tAs 4
10 the sum Of 5000 OOO IN capital NJ r
of stock shall be made ~ All ~
company on the surrenSa. tne boob
ing certificate and pursnavt the So,s
10 n ,Hj ''Udlo 81 Oh Directors NAV ~ soa
corporation shall be daCio Earning,
paid to the stockholdsrs 50, alSts
respective shares of stool yearly On
the following order to.wit a. follows y
The holders Of the pra.
De entitled TO receive. whaeu stOa
cared, from the surplus or and
the corporation, yearly di,;anet p5s Z
/ per cent, per annum, ana nd snos q
I annually. on a date 10 he more D,,t
/ laws. The dividends an ea By d
I stock aforesaid shall bo Tue ph,
shall be payable before anv ,Su,llleatip
common stock shall be paid sieehd
so that II. in any year div,Sna sel ~
/ ing 10 eight per cent, shan -as ~
pad thereon, the defcjencr nSl haH
able before any dividend s SSnSa b
/ upon or Set apart for tha o sudu b y
! NhtHcYer all cumulative rv;y5lmel 81
! preferred stock for all previone q
/ have been declared and sbavs Year
| payable, and whenever tho n a nave ~
have paid such cumulativa 'Snpanl
ricN I9uS ytdfs' or shall haTs aa
i ii ~ surplus or net profits sA
zen, lot the payment thereof A Sn
oI directors may declare diyidsn1s
coillIl."h stock payable then or NJ.
I 2t Vi any remaining surplus Or M,
InlS preferred stock shall be ns ~
SSoch' put shall constitute a first AgT. ~.
tne property and assets and ny, uea
Oh tht company. The right Il y. al
reserved to redeem the prefer,aa eIpA
s thiS company on any dividend w asi
>i-I.Oo per share, providing al EgfN
Shaii nave been paid as guarspi.a WIS \
In the event Of any liduldstioe %
solution or the winding mn
voluntary or involuntary, OF y va
tion the holders of the nre @s
shalI be entitled TO be paid n ~
the par amount of their shsra, 4sa
unpaid dividends accrued thsres,a l
any amount shall be paid 10 ~
OF the common stock, and Aft,
ment TO the holders of the prefer, Wy
OF lts par value and the nnnois
dividends thereon. the remaining 80.
FUNDS shall be divided and ma
holders Of the common stock &C., s Y
their respective shares. S'0iulai
ARTICLE V-The business =, a,
poratlon shall be managed and an =
Cprporate powers vested in A r..
three directors, two of whom sh.S
stltute quorum for the trapsss..
business, TO be elected from ara.
stockholders at meeting called y. II
purpose. The Board of Directo,.
elect from among their numbe,
dent, one Vice president, a Seer.ts,, i
treasurer, the right being rsss,,..
combine the two last named ofsess
Board of Directors shall have nm =.
and complete control of the bus,.s
falrs and property Of this corporsto, !.
they snail manage, conduct ana n.
same as In their discretion they ma, 4,
pest, with power to appoint an -
clerks and employees and 10 IN ~, !.
pensation. Any vacancy occurr,ns :. ,
Board of Directors shall be flIsS !,
remaining members Of the Board \,
uheXpired term. ="
ARTICLE VI-The first R.,,,
directors of this corporation shan b =
posed Of the following named of6esr
y. RennySon, President and Cs..
Manager; DIR. A. o. Hoefeld, Vices
dent; Peter AlphOnso, Secretary. Trearr
This Board shall serve unr,l n, 1,
meeting of the stockholders for tho ~.
or directors. or until. their successors I
elected, on the 18th day of January "
and annually thereafter. An ejrIu
shall be by ballot and each sh,s
voting stock shall be entitled 10 On, n.
whether cast in person or by prou.
ARTICLE vII-This charter ma,
changed, altered or amended, and the i
poration may be dissolved or liquidsts
the method and manner pointed ont
Act 267 of 1914.
ARTICLE VIII-No stockhodsr a
ever be held liable or Responsible for
contracts or faults of this eorporstor
any further sum than the unpaid bah,
due the corporation on the shares oxr
by him, nor shall any mere informslly
organization have the effect Of render
this charter null or exposing. any as
holder TO any liability beyond The ana
of his unpaid stock.
Thus done and passed, in my offa
the City of New Orleans, State Of Lon
lana, in the presence of Joseph A. ca
and Ben H0cke, competent witnesses
siding in this city, who hereunto sin b
names with said appearers and me, Egsi
after due reading of the whole, On
day, month and year first above vrits
Original Signed. /. B. Rennysol
Carondelet, ST., one share; Peter AphtH
$50 st. Maurice St., one share; A. O. h
field, NJ. D., $50 Audubon Bldg, one Ia
Witnesses. Jos. A. Casey, Ben. Hceis
JNO. J. REILLEl,
Notary Pub
/, the undersigned, Recorder Of Nd
cages in and for the Parish Of 0fsil
State of Louisiana, do hereby eerify .
the above and foregoing charter d
Automatic Boiler Cleaner COMPANY, .
was this day duly recorded In ny %
In Book 1858, folio 243.
New Orleans, La, March srd, lM
(sIGNED) ROBT. SCOTT
Dy. BE-
A true copy.