The herald., 1922-06-22
CHARTER

kinds of mechanical devices, appliances.
inventions and other works and machln-
cry; and TO buy, sell, make and repair
tools and instruments and supphes OF
every description and kind that are or
can be made out Of or from brass cop
per iron and other metals, or OF wood
10 carry Oh a turning plant, and to rent,
sell and otherwise dispose OF machinery
ana all apparatus and articles that may
be made, handled, manufactured OF re-
paired in the aforesaid plant or machine
shops of said corporation; and generally
to DO and engage i'll any other business,
undertaking or enterprise connected with
and growing out OF, germane or incl
dental to any of the purposes nereindbUNe
set out or contemplated by this charter.
ARTICLE III. The capital stock OF
said corporation shall be Twenty five
Thousand Dollars (S2J,OO.OOJ, divided
into and represented by two hundred and
nifty shares of the sum OF One Hundred
Dollars CSlO0.OO) each, payable in cash,
property, OF for services rendered. And
payIneut for subscription TO part of the
capital stock is given and accepted IN
the amount and for the consideration of
the property and good will shown on
the annexed detailed itemized descrip-
ton of said property, together with
statement of its value as appraised by
| the directors, which is made part hereof
and is to be read in connection with
/ these articles of incorporation.
The corporation shall commence doing
| business soon as Twelve Thousand
| FIVE hundred DOlldrS OF the Cdplldl StOCh
| shall have been subscribed and paid for.
| Any stakeholder may sell, assign or
! transfer his stock in this corporation,
| provided thirty days notice OF such in
| tentiOn to sell, assign or transfer the
same be given the company, and the
| other stockholders shall have the first
privilege of purchasing same at book
value. after which thirty days notice the
said stock may be sold in open market.
| ARTICLE ". The dOmicile OF the
| said corporation shall be in the city OF
New Orleans, state Of Louisiana.
The President or, in his or her absence,
the Vice President shall be the proper
person upon whom citation or other legal
process shall be served.
| This corporation, unless sooner dis
| solved, shall exist and continue for the
| after the date hereof.
! ARTICLE V. All corporate powers
shall be vested in a Board Of Directors
composed of three stockholders. The
! Board of Directors may NIL vacancies in
their number, however caused, by elec-
ton from among the stockholders.
| The first Board of Directors shall con-
| sist of Mrs. Harry y. STAGE, who shall
! be President and whose pOstoface ad-
dress is No. 1854 Magazine street, New
| Orleans, La; Arthur V. Robertson, who
| shall be Vice President, and whose post
| office address is No. 1851 Chestnut street.
/ New Orleans, La, and james j. Landry,
who shall be Secretary Treasurer, and
whose postoftice address is No. 1854 Mag
4
Said board shall continue in office
until January q 1928 on which date and
| thereafter annually a Board of Directors
shall be elected on the second day Of
January of each year, unless the same
shall be a legal holiday, when the cleo
ton shall be held on the next legal day
| thereafter.
After each election the Board of Direc-
! tors shall elect from their number the
! officers of the corporation.
The said board is further authorized
/ to frame and adopt such bylaws, rules
| and regulations as the affairs and bust
ness of the corporation may require, and
as II may deem necessary for the con-
| Quoting and management thereof.
| ARTICLE VI. This charter may be
| amended and the capital stock of this
corporation may be increased or de-
creased, or the corporation may be dis
solved, in the manner and method pro-
| yided by law.
ever be held liable or responsible for
| the contracts or faults of this corpOr-
| alton in any further sum than the I'M
paid balance on the stock for which he
has subscribed, nor shall any mere in
formality in organization have the effect
of rendering this charter null or Of ex-
posing a stakeholder to any liability
than as above provided.
ARTICLE VIII. Whenever this cor
poration shall be dissolved, whether by
limitation or from any other cause. the
affairs thereof shall be liquidated by
qualified in the manner provided by law.
And they shall continue in office until
the affairs of this corporation shall have
been fully settled and liquidated. In
case OF the death of one of the iquida-
tors, or his refusal or inability to serve
the remaining liquidatOrs may them
selves proceed with all the power and
authority vested in the full membership
Thus done and passed at my nOtaria
office. in the city of New Orleans, on
the day, month and year herein first
above written, in the presence of Robert
NJ Blum and Arthur Clasen, competent
witnesses. who hereunto sign their names
with the said appearers and me, Notary
after due reading of the whole.
Original signed: p Mrs: H o., o; STAGE
James ]. Landry, Secty-Treas.
Witnesses:
r. NJ. BLUM,
C. W. PUNEKY.
q. Notary Public,
c. W. PUNEKY.
Notary Public.
Statement and appraisal of property
accepted in payment for capital stock
Of the Ii. o. STAGE Iron Works, IncOr-
pOrated:
We. the undersigned Board of Direc-
tors of the ii. .. STAGE Iron Works, Inc.
hereby certify that We have received in
full payment for subscription to 20t
shares of the capital stock of this cor
pOratiOn the following described prop
erty, which is appraised by us at the
various sums set opposite each item oil
article and which total the sum OF
S20.02S.45:
portable boring bars, $4,000; 1 hand
breast drilling machine, hand ratchetS
$500; / boilermaker's ......... $500;
machinist's ........, 5000; l chain drill
$3.50; l blacksmith's anvil. 5000;
crank pin returning tool, $4,000 auto
mobile tool kit, $500 l electric hand
drill. 5000; , electric portable grinders
$4,000; 4 timers ships, $500; / viss
SnSn voira