The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-07
CHARTER

sale of said manufactured ,-a-
generally TO do and engage in "a I'd
business connected with, grow,,n Oh,
germane or incidental to sny a. out
B Bg the csarSf Set forth or eon.ns
ARTICLE IV-The capital sto..
corporation Is hereby fixed al %
divided into $50 shares, at thu vmoVAN
of $4,000 each, Of common stool nln,
shares, at the par value of slOO m sao 20
preferred stock, all Of which stooa seh
be paid for in cash, or labo, A. sa,l
property actually received. This cue y
ton shall have the right tn c.s0lpon
business when fifty per cent a, ,v,onnua
stock has been subscribed, and the ,sapit
reserved to increase IT'S Capital ,,astk
to the sum Of $200000O0 All, .d y
of stock shall be made on the hoot. asien
company on the surrender of the an.Wte
ing certificate and pursuant 10 sncs one-
as the Board of Directors NAV nls
Dividends from the net EARNINGS ~
corporation shall be declared. ailott.ws Ne
paid to the stockholders yearly ~ a,t
respective shares Of stock as followsI .aei
the following order to-wit: aaaa
The holders OF the prererred s,oc, =.
he entitled to receive, when ana asa
clared, from the surplus or NET n,asdt
the corporation, yearly dividends m 10
per cent, per annum, and no more n,s asG
annually, on date to be fixed nv t,ss!ssk
laws. The dividends on the MY
stock aforesaid shall be cumulat;s.e He:
shall be payable before any DIVIDEND :, az
common stock shall be paid and cot :. =. ~
SO that II, In any year, dividends snsrs.s
ing to eight per cent. shall not hsra xu nt
paid thereon. the deficiency shall hs w
able before any dividend shan he ~,
upon or set apart for the common p le
Whenever all cumulative dividends a So ~
preferred stock for all previous yes,s =. ~ y.
have been declared and shall have h.s w
payable, and whenever the compspv w
have paid such cumulative dividend =.
previous years, or shall have set ~. r
| from its surplus or net profits a ann s s'.s
cient for the payment thereof, the Pa,
| of Directors may declare dividends An ~
| common stock, payable then or tharss,..e<
| out of any remaining surplus or NET n,as..,
This preferred stock shall be non,vss sa
stock, but shall constitute FIRST lien nm.
the property and assets and net esrul NV,
Of the company. The right is express,
reserved to redeem the preferred storr Y,
this company on any dividend period !.
s125.OO per share, providing all diyids,s.
shall have been paid as guaranteed hs,S.'
| In the event Of any liquidation or A.
solution or the winding M. vhs,A..
voluntary or involuntary, Of the corss,.'
ton the holders Of the preferred ~ ~,
shall be entitled to be paid in full bots
4 the par amount of their shares ana n.
unpaid dividends accrued thereon hsts.
any amount shall be paid to the holds,
Of the common stock and after the ma,
ment to the holders of the preferred "a.
OF it's par value and the unpaid aeer,s
dividends thereon, the remaining assets Az
funds shall be divided and paid Ia n.
holders Of the common stock ACCORDING IA
their respective shares.
ARTICLE v-The business of th,s "a,
poration shall be managed and au AZ N.
corporate powers vested In a Board Z
three Directors, two OF whom shan en-.
stitute quorum for the transactioa 4
| business, to be elected from amoue n,
stockholders at a meeting called for IA,
purpose. The Board OF Director sb,T
elect from among their number 4 Prsl.
dent, one Vice president. a Secretary atl
Treasurer, the right being reserved /,
combine the two last named Offices. IN
Board Of Directors shall have full pow,
and complete control Of the business d
fairs and property Of this corporation. ,pd
they shall manage. conduct and ne n,
same as In their discretion they may Cen
best, with power to appoint all ag,nt
clerks and employees and to fx their con
pensation. Any vacancy occurring On N
Board Of Directors shall be filed By N
remaining members of the Board fof n
| uhetPlIeC term.
ARTICLE vI-The first Board d
Directors of this corporation shall be scu,
posed of the following named officers:
B. Rennyson, President and Genera
Manager: DR.. A. o. Hoefeld, vicepreS
dent; Peter Alphonso, Secretary Treasure
This Board shall serve unrii the ss
meeting Of the stockholders for the electisI
Of Directors, or until their successsn a,
| ala0faA N tho 1Efh Aou NJ Iouuspv
and annually thereafter. All eiecisal
shall be by ballot and each share d
voting stock shall be entitled to one vplx
whether cast in person or by proxy.
ARTICLE vII-This charter mar \
changed, altered or amended, and the cef
poration may be dissolved or hquidsted i
the method and manner pointed out b
Act 267 of 1914.
ARTICLE vIII-No stockholdH sAsI
ever be held liable or responsible for III
contracts or faults Of this corporation 4
any further sum than the unpaid balznc
due the corporation on the shares evne'
by him, nor shall any mere informallty 4
organization have the effect Of rendefil
this charter null or exposing any aocl
holder to any liability beyond the ansul
Of his unpaid stock.
Thus done and passed, In my eface
| tue lily OF rev Orltdus, ctdte VI Lvoz
! lana, in the presence Of Joseph A. casel
, and Ben Hocke, competent witnesses.
= siding in this city. who hereunts dgn nd
names with said appearers and me, Notarl
, after a due reading Of the whole. %
J day, month and year first above written
: Original Signed. i. B. Rennyson Y
. Carondeiet, St., one share; Peter ApAens
$50 st. Maurice St., one share; a. o. 20
! field, M. D., $50 Audubon Bldg, one sAaf
Witnesses. Jos. A. Casey, Ben. Hceks
JNO. ]. REIELH,
!, Notary Publ
; I, the undersigned, Recorder q nor
! cages in and for the Parish OF 0rkss
State Of Louisiana, do hereby cefuy =
the above and foregoing charter =
J Automatic Boiler Cleaner Company y
|, was this day duly recorded In my ODD
, In Book 1858, folio 243.
, New Orleans, La, March 3rd, lS1.
: (sIGNED) ROBT. SCOTT
!. d.. ~
JNO. J. REILLu,
Notary Puon
e. March 10 to April IA.