The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-17
CHARTER.

exchange, acquire by grant gift or mr.
chase' devise or bequest, sell ALLEVIATE dis
pose OF, convey, lease, pledge, pawn, n.y.
pOthecate, cucumber or mortgage pro-
perty of any kind. whether real, personal
or mixed, corporal or incorporeal, NOV
able. or immovable, all subject to such
limitations as may be prescribed by law
IL may make. issue and endorse bonds or
notes and other evidences of debt. 1t
may accept mortgages, pledges or other
forms of security for money loaned or
other debts. 1t may contract, sue and be
sued. plead or be implicated by its cor
porate name in any court of competent
jurisdiction. 1t may make, adopt and
use corporate seal and alter or break
in other corporations, and its capital
stock may be issued for capital stock of
other corporations. 1t may name appoint
and employ such managers, directors, of
ncers, agents and other employees as
its interests, business and convenience
may require, and may fix their compensa-
ton, having due regard to the nature
character and value of their service Ii
may make and establish bylaws. rules
and regulations not inconsistent with this
charter or any existing law, fixing or al
tering the management of its property, the
regulation and government of its affairs
and the manner Of the certihcation and
registration of its stock. 1t may wind
up and dissolve itself, or be wound up
and dissolved in the manner prescribed
by law. 1t may conduct business in this
state. other states, the Federal Districts,
the Territories and possessions of the
United States and any foreign country. 1t
shall have the power to invest its board
of directors with all of its corporate
powers, subject to such restrictions as
may be named in this charter. And it
generally shall have and possess all the
powers, rights, privileges, and immunitieS
which corporations are and may hereafter
be authorized to have and possess under
the Constitution and the laws of the
state, and particularly under Act No. 267
of the Acts of the General Assembly ~ the
state of Louisiana for the year 1914. and
the amendments thereto.
ARTICLE 1.-THE domicile of this cor
pOTatiOn shall he the City of New Orleans.
Parish of Orleans, State of Louisiana, and
all citations or other legal process shall
be served upon the president of this cor
poratiOn or in case of his absence upon
the vice president or in the absence of
both of these officers upon the secretary
or treasurer of this corporation.
ARTICLE III-The objects and pur-
poses for which tins corporation is formed
and the nature of the business to be car
ried on by it hereby declared TO be: To
buy. sell, import. export, and generally
trade and deal in or with, either for Its
own account or as agent of others, all
kinds of real and personal property. but
particularly all kinds of mechanical appa-
ratus. machines and machinery, and parts
thereof, tools, supplies and utensils OF all
kinds. and similar articles of commerce
terial; to construct, weld. repair and
erect the same and to make castings and
forgings of all kinds; and generally to
carry on any other business which under
the law il may be entitled to carry on,
which may seem TO the corporation to be
calculated, directly or Indirectly, to elect
the aforesaid objects and purposes or
either of them, or to facilitate the corpora
ton in the transaction of any other lawful
business that might be calculated, directly
or indirectly, to enhance the value OF or
tn render profitable any of the corpora
tiOn's property and rights; and generally
to hold and exercise all such incidental
powers and privileges and to do and per
! form all things as relate to the objects
| and purposes hereina6ove set forth, or as
may be needful, necessary, proper, uSetuI
or convenient for effecting such objects
and purposes or either of them.
ARTICLE IV--The authorized capital
/ stock of this corporation is hereby fixed
Mt and declared to be the sum or 1lity
9 thousand ($50,0O0.OO) dollars, which eapl-
tai stock may be increased in the manner
provided by law to the sum of one hun
bred thousand (S100,0O0.O0) dollars.
The presently authorized capital STOCK
of this corporation shall consist of hvt
hundred 5000 shares OF the par value OF
one hundred (S100.O0l dollars each; y
! shall be represented by certincates, shaI
he full Maid and worcestershire when is
/ sued shall be issued only for labor don'
| or for property actually received. or tol
cash to be paid at such times and In sucl
| amounts and after such notice as may O'
| determined by the board of directors. anC
! shall be personal property. No TRANSFER
OF said capital stock shall be binding upoI
! this corporation unless made In accord
ance with it's charter and bylaws anu re
corded on the books thereon.
ARTICLE y-No stakeholder may sell
assign or transfer his stock in this cor
| poration without giving to the othe
stockholders. through the secretary Q
this corporation, notice in writing OF su.'
Intention. and the other stockholder
shall have the right for period or thlrt
DAYS from the delivery of such notice U
i the secretary, to purchase an OF any PAL ai
of the stock of such stocknoluer LOT Sa ;,
| Mt the book value thereof. after WhlTi
thirty days the said stock may be sol'
without restriction.
Whenever the employment OF any stoch
holder by this corporation is te,mnaeui
either by death, resignation, dlsihlsSa
lapse Of time shall 81 SaTe the right 70
thirty DAYS from the date OF such tern III
nation to purchase all or any part OF IN
stock of such stockholder Tor caSn al "a.
book value thereof, after Whicn ;.hnn
u DAYS the said stock may be SOLD Wlthou
restriction.
Other stockholders desiring TO purchas
stock under this article must in due tIl
give notice of such desire to the secre'a az
Of this corporation. In the event lna !, 90 ~
=.
than Is offered for sale, stockholders on 81
ing to buy shall be entitled 10 pus ~
altered stock in the ratio OF their o~
then stock holdings in this corporattio n
n For the purposes of this article, the uvo
raIue shall be determined by the nguIe
as shown on the last financial Statement
M sale or other transfer or assiSnIhe,ii
of stock in this corporation shall De van
until and unless opportunity 70 pu .r a.
snch stock has first been gwen IN ~
manner hereinabove provided 10 the o.h III;
stockholders of this corporation; ana aI5 tnI
light so vested in the other stockho9nIhe
, sbsT follow into any hands into WIFI nlJh
NAV pass any stock sold, transierreu "a, ~
assigned without such opportunity pen ~
Given and may be exercised agalnst =. =.
5oIder or holders thereof WITHIN hins 3.
Tool davis after such stock is tendereu -, 4,
trsnsfer on the books of this corp0ratLlo y
and no transfer of any such stock s .ia
he made on the books Of this corporaI In'
during the tendency of said ninety "'
= day period. ,,.o,
|. ARTICLE Wall the corporate pow,
Of this corporation shall be vested IN an
exercised by a board of four l4) ulrec. o,,
Zach Of whom shall hold in his own ha an
: at least one share of the STOCK 81 Ul 10 q