The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
CHARTER OF THE SWANSON
McGRAW INCORPORATED

McGRAw, INCORPORATED.
United States of America, State of Lou
isiana, Parish of Orleans. Be il known
that on this seventeenth day of Decem
Der, in the year of our Lord, One ThouS
and Nine Hundred and Twenty-Five. an
of the Independence of the United State
of America. the one hundred and forty
sixth; Before me. John ID. Nix, Jr,
Notary Public, duly commissioned an,
qualified In and for the Parish of Or
leans, State of Louisiana, therein residing
and in the presence of the witnesses
hereinafter named and undersigned
Personally came and appeared the sew
eral persons whose names are hereuntC
subscribed, who declared that awaiting
themselves Of the provisions of the laws
OF the State of Louisiana, relative to the
contracted and agreed and hereby bind
and Obligate themselves as well as all
other pers0nf who may, hereafter, become
associated with them or their successors
to form themselves into and constitute a
corporation and body polite in law, for
'the object and purposes and under the
agreements and stipulations following, to-
w.t.
ARTICLE 1.-The name and style Of
this corporation shall be Swanson
McGraw, Inc," and, under its corporate
name, 1t shall have power and authority
to have and enjoy succession for the full
term and period of ninety nine years
from and after the date hereof; to con-
tract, sue and be sued; to make and use
corporate seal and the same to break
and alter at pleasure; to receive, lease,
purchase, hold. sell, convey and exchange,
as well as mortgage, hypothecate, pledge
mixed; to name, appoint and employ such
directors, officers, managers. agents,
attorneys and employees as its business
or interests and convenience may require,
and TO make and establish, as well as
alter and amend. from time to time, such
bylaws rules and regulations for the
conduct, management and regulation of
the business and affairs of said corpora
ton as may be deemed necessary and
proper.
ARTICLE 1.-THE domicile of said cor
poration shall be in the City of New Or
leans, in the Parish of Orleans, State of
Louisiana, and all citations and legal
process shall be served upon the Presi-
dent Of said corporation or in the event
OF his absence, upon the Vice-President or
acting President thereof. and, in the
absence Of both of said officers, upon
the Secretary of said corporation
ARTICLE III.-The objects and pur-
poses for which this corporation is formed
and the nature of the business to be car
ried on by 1t are hereby declared to be:
to conduct and operate business of con-
sulting engineering, including preliminary
Investigations, estimates, appraisals, de-
signing, supervision, operations, the
leasing and owning Of plants, and gen.
orally TO make and enter into any and
all contracts IN relation TO SAID business
that may become necessary and to do all
things incident to the business of consult
ing engineering.
ARTICLE Iv.-The capital stock OF
this corporation Is hereby fixed at the
sum Of Five Thousand ($5,O00.O0) Dollars
divided into and represented by twenty
t20l shares of Two Hundred and Fifty
(x2o0.O0 )Dollars each, which shall be paid
Tor In cash, and this corporation may COM
mence business and shall be a going con-
immediately o. Of .
act OF Incorporation and the payment into
the treasury thereof of the amount of
the capital stock required by law. All
certificates of stock shall be signed by the
President and countersigned by the Sec
retary-Treasurer of said corporation.
Every transfer Of stock shall be signed
by the stakeholder or his attorney
ARTICLE YAH the corporate powers
or the said corporation shall be vested
In and exercised by a Board of Directors,
composed of three stockholders, who shall
be the President, the Vice President and
the Secretary Treasurer Of this corpora
tion.
At the first meeting following the cleo
ton OF each Board of Directors, said
Board shall elect a President, Vice
President, and Secretary Treasurer OF
this corporation.
All other clerks and employees may be
discharged al any time without recourse
against the corporation.
The Board Of Directors shall be elected
annually on the first Tuesday Of Decem-
Der after notice Of such election. so to
be held, viii have been given by two
weekly publications In a newspaper pub
Ished In the Parish OF Orleans and after
written notice by the Secretary given
to each stakeholder, shall have been
paiied to him at least fifteen (15) DAYS
reyious to such meeting, except that the
rst Board or Directors of this corpora
hon shall be composed Of Jos. L. Swanson,
President; John McGraw, Sr., vice-Presi-
dent; and Forres McGraw, Secretary
Treasurer, who shall hold their office
until the first annual election to be held
on the first Tuesday of December, 1922,
or until their successors shall have been
elected and shall have actually assumed
their duties.
Two members OF the Board Of Directors
shall constitute quorum for the trans
action of business.
All elections for directors shall be held
ut the office of the corporation and shall
be by ballot, under the superintendent
ofstwo commissioners to be appointed. for
that purpose by the Board OF Directors
whether they be stockholders or not.
Each share Of stock shall be entitled to
one vote and shall be cast by the owner
of same. either m person or by written
proxy, and majority Of the votes shall
elect.
The failure to elect a Board Of Direc.
tors win not affect this charter. but the
directors in office shall continue In the
essors shall have been elected and shall L
ave taken their places, In which event an
lection for directors shall be held ON
uch subsequent day as may be fixed by
be Board Of Directors for that purpose.
bei6g hereby made the duty Of the \
resident Of said Board and Of the Vice l