The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-17
CHARTER

Dividends from the net earnincc-~
corporation shall b. declared ALSO he
paid to the stockholders yesrIv And
respective shares Of stock as follouoSn Ind,
the following order to-wlt: and u
The holders Of the preferred s,oo,
be entitled to re'"ly., when and soal
clared. from the surplus or Det n- as Dc.
the corporation. yearly dividends az Of
per cent, per anHu'a. uud no more eight
annually, on date % We fixed Nv PAYABLE
Laws. The dividends on the m, .ae BY.
stock aforesaid shalt b. cumnIot;.Ieffsd
shall he payable before any diyidsnd and
common stock sh.. Poe paid and set O o lhe
so that II. In any YEAR. dividends apart
ing to eight per cent. shall NOT beraiVunt
paid thereon, the deficiency shall Ne oeen
able before any dividend shall b pay
upon or set apart for The common pad
WheRever all cumulative dividends sVoeE
preferred stock for all previous vasu ou the
have been declared and shall have - nal
payable. and whenever the comnany Vne
have paid such cumulative diyidsrs shsl
previous years, or shall have sst ios
from its surplus or ne, profits a snn s ASIDE
cient for the payment thereof tha pui sun.
of Directors may deylaT. dividends Oaid
common stock, payable then or tba,on,Ia me
out of any remaining surplus or net n.lseef,
This preferred StO,E shall be no, pions
stock. but shall constitute first lien ing
the property aud assets and net sa,n won
OF the company. The right is exnraAisss
reserved TO redeem the preferred So
this company on any dividend na,ioS W
$1,000 per share. providing all diriSuI
shall have been paid as guaranteed ba.o,uls
In the event of any liquidation nr fs si.
solution or the winding nm, WIS
voluntary or involuntary, Of the corso uef
ton the holders of the preferred P p,I
shall be entitled g" be paid In fnn LUZ LUZ
the par amount of their shares and IN ~
unpaid dividends accrued thereon me
any amount shall he paid to the hods.s
of the common stock. and after ths nsI
ment to the holders OF the preferred ,p,skk
Of Its par value and the unpaid acc,Oss
dividends thereon. the rem naming assets ~ ~
funds shall be divided and maid "a e .I
holders Of the common stock accordin, u
their respective shares.
ARTICLE V-The business OF ,bis -
pOration shall be managed and ali q, W
corporate powers vested in a Road !.
three Directors. two OF whom sbaIiSo.~O
stitute a quorum for the transaction J,
business, to be elected from amono q.
stockholders at a meeting called for ,h.s ~
purpose. The Board of Directors shan
elect from among their number p,osi
dent. one Vice-preSidcnt Secretarv ess
Treasurer, the right being reserved ~
combine the two last named Offices. tn
Board of Directors shall have fnlI no..s
al
fairs and property of this corporation sns
they shall manage, conduct and use N.
same as in their discretion they NAV daes
best, with power TO appoint all agent.
clerks and employees and 10 nix their cor,
pensation. Any vacancy occurring on m.
Board of Directors shall be filled bv N.
remaining members Of the Board for Ss
unexpired term. VAC
ARTICLE yI-The first BOARD a,
Directors of this corporation shall be com.
posed OF the following named officers. 7
B. Rennyson, President and General
Manager; DR.. \. o. HOefeld, Vice prpsi.
dent; Peter AlphOnso, Secretary. Treasure,
This Board shall serve unui the frs,
meeting Of the stockholders for the electinn
OF Directors, or until their successors srs
elected. on the 18th day of January. 1910
and annually thereafter. All eiecf,ons
shall be by ballot and each share on
voting stock shall be entitled to one VOTE
whether cast in person or by proxy.
ARTICLE VII-This charter NAV IA
changed, altered or amended, and the cor.
poration may be dissolved or liQuidated IN
the method and manner pointed cat nv
Act 267 Of 1914
ARTICLE VIII-No stakeholder shsn
ever be held liable or responsible for the
contracts or faults of this corporation IN
any further sum than the unpaid balance
due the corporation on the shares owned
by him. nor shall any mere informally N
organization have the effect OF rendering
this charter null or exposing any stocE
holder to any liability beyond the amount
of his unpaid stock.
Thus done and passed. in nv Office IN
the City of New Orleans, State of Louis.
lana, in the presence of Joseph A. Casey
and Ben Hocke. competent witnesses. n.
siding in this city, who hereunto sign their
names with said appearers and me Notary,
after due reading of the whole. on n.
day, month and year first above written.
Original Signed. /. B. Rennyson. 81
Carondelet. St, one share: Peter Alphonso
$50 st. Maurice St., one share; A. o. Hoe.
field, NJ. D., $50 Audubon Bldg, one share.
witnesses. Jos. A. Casey, Ben. Hocke
JNO. J. REILLEY,
Notary Public.
i, the undersigned, Recorder Of Mort.
cages in and for the Parish Of Orleans,
state OF Louisiana, do hereby certify that
the above and foregoing charter Of the
Automatic Boiler Cleaner Company, Inc,
was this day duly recorded In my Office
In Book 1858. folio 243.
New Orleans, La, March 3rd 1921
(SIGNED) R0BT. SCOTT,
Dy. Rec.
A true copy.
JN0. J. REILLEY,
Notary Public.
March 10 to April IA.