The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-21
AMENDMENT TO CHARTER OF
ELECTRICAL SUPPLY COMPANY.

| tLEtI hltaL SlffI1 toMfhNN.
United States Of America, State of Lou
isiana. Parish of Orleans. BE it known
| that on this the 18th day of the month
| of August. in the year of our Lord, one
! thousand nine hundred and twenty-five.
/ and of the Independence of the United
| States of America. the one hundred and
forty Seventh. before me. Eugene ID. Saun-
ders, a Notary Public duly commissioned
and qualified within and for the parish
of Orleans. state of Louisiana. therein
| residing. and in the presence of the wit
nesSeS hereinafter named and undersigned.
personally came and appeared Leo l..
Hirsh and Jacob c. Lazard. both resi-
dents of the city of New Orleans state
of Louisiana, of the full age. herein ap-
bearing and acting for and on behalf of
the Electrical Supply Company. a Louis
lana corporation, domiciled In the city
of New Orleans. organized by act before
! \. \. Moreno. a Notary Public. in and
for the parish of Orleans. state Of Louis
lana. on the 2Sth day of March, 1913. and
recorded in the Mortgage Office for the
parish of Orleans in Book loss, Folio 90,
and pursuant to a resolution passed at
Ia special meeting of the stockholders.
} convened on the 10Th day Of July. 1922.
tached and made part hereof
And said appearerS declared that at
said special meeting Of the stockholders
of said corporation, convened on the 10th
day of July. 1922 which had been con-
yened for the especial purpose and at
which meeting the holders of the entire
capital stock of said corporation were
present. either in person or by proxy.
increased from SJ00O000 TO $3.50 900 90.
, and in order 10 effect said increase. as
= well the other changes decided upon
at said meeting. Articles ". and VII
of the Charter of said corporation were
amended and re-enacted so as to read
as follows:
e ARTICLE ". The capital stock Of this
corporation shall be Two Hundred and
Z ThOnSgDh
divided into Twenty-Five Hundred (25OOJ
( shares of the par value OF One Hundred
Dollars (S1O0.O0) PER share. payable when
{ issued. in cash other property. or for
services rendered actually performed
as decided by the Board of Directors
and this corporation is to be going
(Sl5 OO0.0O) of said stock has been sub
= sCribed and paid for. Said stock shall
? he represented by certificates and shall
he fully paid and worcestershire when
issued. and shall he personal property.
ARTICLE V. No stakeholder shall ever
be liable or responsible for the indebted
ness. faul-S or defaults of this corpOr-
e alton. nor shall any mere informality In
any effect of rendering the charter null
= or of exposing the stockholders to any
liability beyond the unpaid balance. il
any. on his stock subscription.
u No stakeholder shall ever he liable 0r
respOr Sihls for the indebtedness. fault
or defaults of this corporation. nor shall
e any mere informality in the organization
= Of the corporation have any effect of rem
: dering the charter null, or of expOsnG
l. the stockholders to any liability beyond
e the unpaid balance, if any, on his stool
, subscription.
= No stakeholder may sell or assign. o.
= | transfer his stock in this corporation
Z without giving to the other stockholders
9 | through the Secretary of this corpora
> tion. notice in writing Of such Intention
i and the other stockholders shall have tn
EfgrhN fnr sA1 ct 1a.- ~
u delivSs> of such notice to the Secretar!
to purchase all or any part Of the stoci
a Of such stakeholder for cash. at the bool
y value thereof. after which ten days tn
: said stock may be sold without re
{, striction.
- Other stockholders desiring to purchas
stock under this article must in due tim
a give notice Of such desire TO the Score
!, tary of this corporation. In the even
a that other stockholders offer to buy NOR
= stock than is offered for sale. stOckholder
:, Offering to buy shall he entitled to bu'
= the offered stock in the ratio Of thei
:, For the purpose of this article the boo
"a value shall be determined bv the figure
- as shown on the last monthly financia
. statement.
~ ment of stock in this corporation Shal
d be valid until and unless opportunity {
= purchase such stock has first been give
=, in the manner hereinabOve provided {
a. the other stockholders Of this corporation
and this right. so vested in the othe
stockholders, shall follow Into any. hand
10 Into which it may pass any stock sold
$; opportunity being given. and may he ex
ID ercised against the holder or holder
l. thereof within ninety 900 days after sue
T. books of this corporation, and no transfe
be of any such stock shall be made on tn
lie hooks Of this corporation during the per
e. dency of said ninety (90) day period.
IS, corporation shall be directed by and a
rs of its corporate powers vested in a Boar
Of Directors composed of five stockholC
RS es, a majority of whom shall constitut
an a quorum for the transaction of all bus
of mess. Until the next annual election {
nv directors, to be held under this charte
re or until after their duly qualified SUI
re cessors are elected and installed. II
shall be composed of l.. l.. Hirsch. NJ.
Elautter, T. Hirsch. J. c. Lazard an
e, Lazare Levy. the postiffce addresses =,
I'd all of whom is New Orleans, La. wit
K L. L. Hirsch as president NJ. J. Elgutt'
of as vice president. T. Hirsch as secretar
lie and J.. c. Lazard as treasurer. The al
ad nual election for directors shall be he
on the third "Wednesday of June Of eaC
of year. beginning with 1923. All such ele
We tions shall be by ballot at the office
ne this corporation. between the hours -.
ii 10: 20 a. m. and 400 p. m. under Il
he supervision Of three commissioners to
nd appointed by the Board Of Directors. az
Ira in the absence of any commissioner Il
900 president shall have the power to fill q
place by appointment. Failuse to no
:, the election on the day specified shall n
All dissolve the corporation. but the directo
ne then in office shall hold their respecti
en- offices until an election shall he hel
IRE after fifteen days notice of the time Al
place thereof is given to each stockhold'
on All vacancies on the Board Of Directo
a for whatever cause shall be filed by q
he remaining directors.
tut For all elections Of directors. as well
Of all meetings OF stockholders. except
all otherwise required by law. fifteen day
all notice shall be given by mailing to ca
he stakeholder whose address is stated
ect the books of this corporation, at his Ia
em designated address or care of Gener
lat Delivery at New Orleans IL he has
to designated address, notice stating {
ost time and the place Of the meeting. Ea
at stakeholder shall he entitled to one vo
'ck for each share Of stock standing in
the name on the books OF the corporation.
be cast in person or by proxy, as
,ch majority Of the votes shall elect.
Ger At its first meeting each board elect
all under this charter shall elect from
the membership n president, a vice-preside
the n treasurer and a secretary, and sh
Ich from time to time. IL sees fit, empl
or or appoint such other employees as
be shall deem necessary. The Board
If Directors shall have full power and q
the thority to fix the salaries OF all Office
on and OF all such other employees as
aen NAV deem necessary. and to make a
ay. establish as well as to alter and anne
XIV, all bylaws. rules and regulations nee