The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-10
CHARTER



dividends from the net e,rnin-E
corporation shall ha declared Iggs qsE
paid TO the stockholders ve. ,S,IiOtted nj
respective shares ~ stock as foIiSs On rSt
the following orrer tp-wit: aE n
The holders oi The preferred s,,.,
be entitled 40 receive, when 'S0 q,
t ~ WOW. IN Surplus or net n,'s
tn" corporation. yearly diyidend. p'tts
per cent, per auHIm and no nus sigs
annually. p1 a date % be fixed ~ palN
laws. IT,. t.E.i,..s an ~ ny The ~
stock aforesaid shan he cumr,. peferrl
shall be- pgv.hi" h"fo-e any diytdNalve al
common Stocr SHAH br paid anS Sehe % N
50 mar II IL any year, dividends sla't
ing To "lHht Pt: cent shall not han SaGOnt
pald thereon. W." deficiency SHAH " oesa
able before any dividend shall ~ pay
upon or set apart ..- the coprVe ps{
WheRever all cumulative diyidanSUth stOd
preferred stock Cor all previous 49,. % d,
have been declared aud shall bsvo Aa,
payable, and Whenever the comno.O ecOr, +
have paid such cumulative diviSa au
previous years, or shall have us Il {
from lts sulrihA or not profits a spr, Nek
cient for the paymeul thereof ~ SUI
or directors may declare dividends noa,,
common stock payable then or ths,sa,lA
out OF any remaining surplus or No, ieaIls
This preferred stock shall he ~ pfott
stock. but shall constitute a first Ta. 'ot',
the property Hnt asses and NOT ~ wa i
OF the company. The right a. owlnhn
reserved 10 redeem the preferred S,nNe
this company on any dividend ns.t
Sl2JOO per share. providing all d,riSaa
shall have been Paid as guaranteed ~
In the event OF any liuuidation a,
solution or the winding up, VIII
voluntary OF Involuntary. OF The 60
A.
shall be cnts;lcd jo hr paid IN tru
the par amount Oi their shares an
unpaid dividends s.rrupd theraor
any amount shall be- paid 10 tbe
Of the common stock and after m
ment Ia the holders OF the prpferra
Of its par valu" and the unpoid
dividends thereon the remaining as
funds shall be divided and paid
holders of the common stock acco,
their respective shares
ARTICLE VIII" business Of n
pOratiOn shall he managed and oil
corporate powers vested in RI
three Directors. two Of whom sbs
stitute quorum for the transac,
business, 10 be- elected from ams
stockholders at q meeting called q
purpose. The Board of Director
elect from among their number
dent, one Vice president, a Secreta,
a Treasurer, the right being reser,
combine the two last named Offices
Board OF Directors shall have fnI
and complete control Of the bnsip.
fairs and property of this corporate
they shall manage. conduct and n,
same as In their discretion they NAV
best, with power 10 appoint ALI I,
clerks and employees and to fix thair
pensatiOn. Any vacancy occurring q,
Board of Directors shall be filled nv
remaining members Of the Board n,
uneXpired term.
ARTICLE NI-The first Bosrd
Directors of this corporation shall no .,
posed of the following named officers.
Il. RennysOn, President and Gsns
Manager: DR.. 4. O. Hoefeld, yics'nr.,
dent; Peter AlphOnsO. Secretary. Treasp,sj
This Board shall serve unul tho A.
meeting Of the stockholders for the elac,1j
of Directors, or until their Successors II
elected, on the 18th day Of January ns|
and annually thereafter All eieerInl
shall be by ballot and each sh,,a \
voting stock shall he entitled TO one va,
whether cast in person or by proxy
ARTICLE VII-This charter NAV u
changed. altered or amended, and thu AL
pOration may be dissolved or liQuidsteS
the method and manner pointed ont N
Act 267 of 1914.
ARTICLE vIII-No stockbolder sA,I
ever be held liable or responsible for M
contracts or faults of this eorporation h
any further sum than the unpaid balsn,
due the corporation on the shares oVpsl
by him, nor shall any mere informalltr 4
organization have the effect Of rende,in,
this charter null or exposing any stOrI
holder to any liability beyond the amour
OF his unpaid stock.
Thus done and passed. in nv Offer /,
the City of New Orleans. State OF LouIs
lana, in the presence Of Joseph A. Cassr
and Ben Hocke. competent witnesses. N
siding In this city, who hereunte sign the,
names with said appearers and me, Notsr
after a due reading of the whole. on b,
day, month and year first above written
Original Signed. 1. r. Rennyson, "
Carondelet. St, one share; Peter Alphons
$40 st. Maurice St., one share; A. o. HN
field. NJ. d., $50 Audubon Bldg, one shsr.
witnesses. Jos. A. Casey, Ben. Hocke
JNO. J. REILLEY,
Notary Pubii
/. the undersigned. Recorder Of Mort
cages in and for the Parish Of Orlean.
State Of Louisiana, do hereby certify ths
the above and foregoing charter Of tA
Automatic Boiler Cleaner Company, Inc
was this day duly recorded in my offo
In Book 1858, folio 243.
New Orleans, La, March Bird. 1921.
(S1GNED) R0BT. SCOTT,
by. Rec.
JNO. ,. REILLEY
Notary Publ
March 10 to April IA.