The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-16
CHARTER.

tary Public, in and for the Parish of
Orleans. State of Louisiana, duly com
missioned and qualified. and in the pres
ence of the witnesses hereafter named
and undersigned. personally came and ap-
peared the several persons whose names
are hereto subscribed. all above the full
age of majority, and citizens of the United
States of America, who seyerally declared
that, ayailing themselves of the benefits
and provisions of the Constitution of the
State of Louisiana. and of the laws of
said State relative to the organization of
corporation particularly Act 267 of 1914.
of the General Assembly of the State of
Louisiana. and all amendments thereun-
to, they have covenated and agreed. and
do by these presents, covenant and agree
and bind themselves as well such per-
sons as may hereafter join or become as
sOciated with them and their successors,
to form themselves into and ordain and
establish a corporation and body polite
in law for the objects and purposes and
under the stipulations following, to-wit 4:
ARTICLE 1.-The name and title of
this corporation shall be the Economy
Iron Works, Inc, and under said cor
pOrate name il shall have and enjoy sue
cessiOn for the period of ninety-nine years
from the date hereof. under its cOrpor-
ate name commencing with the date of
this act. unless sooner dissolved by the
action of its stockholders, in the manner
provided by law; under its corporate
name ii shall have and enjoy and exer-
else all the rights and powers and priv
ileges hereinafter set forth as well as
be granted by law to corporations of this
character, with full authority to contract,
sue and be sued, plead and be impleaded,
appear, answer and prosecute. in any and
all courts Of justice, and elsewhere; TO
make and use a corporate seal, which is
hereby described as follows:
Two cOncentric circles within the words
Economy Iron Works, Inc, New Or
leans, in the margin and a design of a
Pelican in the center.
To name and appoint such directors,
officers managers. clerks, attorneys
agents and other employees to admins
ter its affairs as may be deemed neces-
sary and proper: to make and ordain
such bylaws. rules and regulations for
the proper management of its affairs rs
may be deemed necessary and proper. and
the same to repeal, amend and alter at
pleasure.
ARTICLE 1.-THE domicile Of the cor
poration shall be in New Orleans. and
all citations or other legal process shall
be served upon the President of said cor.
pOratiOn. or. i'm the event of his absence
| upon the Vice-President, who is acting
president, or in the absence of both, as
| the law directs.
ARTICLE III-The capital stock of this
| corporation is hereby fixed at twenty
thousand dollars $50, OOO.OO) divided into
two thousand 10000 shares of the par
value of ten dollars $1,000 each. Which
capital stock shall be paid in cash.
Said stock shall be represented by Ger.
tificates of stock signed by the Presi-
| dent and Treasurer, and. in the absence
| of the President by the ice-President
| and shall be transferred on the books
| OF the Company only upon surrender OF
| proof of loss or destruction Of the out
! standing certificate: and no stockhOlder
| shall be entitled to vote on any shares
transferred to him within thirty days pre-
ceding the day upon which he attempts
| to vote same.
The capital stock shall be fully paid
and worcestershire; when issued it shall
| be represented by certificate and shall
| be personal property.
Transfers of the stock of this corpora
Of this corporation by the stockholders
| in person or by written proxy, and un-
der such regulations as the Board of Di-
| rectors may prescribe.
| ARTICLE IV-The objects and pur
poses for which this corporation is or
ganized and the nature of the business
to be carried on by 1t, I hereby declared
| to be: To manufacture deal in, build
install. repair, buy and sell marine special
ties. Marine engines. Gas engines, gasoline
engines. Marine boilers, hulls accessories
| apparatus and appliances of all kinds
used in connection Herewith. In fact
to manufacture, repair and sell pipe
valves machinery, fittings and machin
cry parts of any and every nature, and
to transact general steel and iron man
ufacturing, jObbing. fabricating, machin
cry, and supply business, and to trans
| act such other business incidental there
| to as may be necessary and proper in the
conduct of the business of said corpor
| alton.
ARTICLE v-The affairs of this cor
poratiOn shall be managed and all cor
porate powers thereof shall be vested III
and exercised by Board of Directors
composed of not less than three. mol
more than five stockholders and not less
| than three of such Board shall consti
4 tute quorum for the transaction o.
| ARTICLE vI-This act of incorpora
| tion may be modified. changed or al
tered: the capital stock may be increased
decreased, modified or added to. or thu
| number of shares may be changed, OF
| this corporation may be dissolved by {
vote of two-thirds of the amount of cap
| ital stock when present or represented anC
| voting at a general meeting of the stock
holders convened for such purpose or pur
poses. after thirty days notice by pub
| LEGATION In a newspaper in the City o.
| New Orleans, and written notice duly ad
dressed and mailed to every stockholdel
4 of record at his last known address. OF
| IL such address Is unknown. then by mail
ing same to such stakeholder care Gen
eral Delivery. New Orleans, Louisiana
at least thirty days previous to said
meeting. Such meeting or meetings may
be called at any time by the Board Of
Directors upon it's own motion, and mus
| be called by said Board upon the writ
| ten request Of stockholders holding a ma
jority of the capital stock Of this cor
| poration.
Upon dissolution of this corporation
| by the action of its stockholders. as afore
said, or at the expiration of its charter
| its affairs shall be liquidated by three
commissioners appointed by a majorit,
| Of the stockholders present or represented
| and voting at said general meeting. Tn,
manner Of liquidating. the compensation
and the powers of the commissioners and
all other matters pertaining to the liquid
alton of this corporation shall be fixed
| and determined by a majority of tn,
| stockholders present and represented ant
4 holders.
ARTICLE VINO stakeholder shall
ever be liable for the contracts, fault