The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-13
CHARTER


! kinds of mechanical devices, appliances
invehtiOnS and other works ana machln-
cry: ana TO Ouy, sell, make and repair
tools and instruments ami supplies OF
every description ami kind that are or
can be made out OF or from brass, cop
per, iron and other metals, or OF wood :;
~ carry Oh u turning plant, and TO rent
sell and otherwise dispose Of maChluer!
anu ali apparatus and articles that may
Ue made, handled, manufactured or re-
paired III the aforesaid plant OF machine
shops OF said cOrporauon' anu generally
to 40 and engage IN any other business,
Undertaking or enterprise connected with
and growing out Of, germanc or Incl
dental to any of the purposes nerclndbuNe
set out or cOntemPld by this charter.
ARTICLE III. The capital STOCK OF
said corporation shall be Twenty -hNe
thousand Dollars ($25.OO0.OOj, divided
into anu represented by Two hundred ana
uIty SHARES Of the sum of one hundred
DOIlars (SIOUUOJ each payable in cash,
property, or for services rendered. And
pay neht TOR subscription TO part Of the
capital stock Is given and accepted in
the amount and Tor the consideration OF
the property ana good will shown on
the annexed detailed itemTzed descrip-
ton OF said property, together with Il
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.
Inc corporation shall commence doing
five hundred Dollars Of the capital stock
shall have been subscribed anu paid for.
Any stakeholder may sell, assign or
transfer MS stock III this corporation,
teuiiOu to sell, assign or transfer the
same be given the company, anu tn"
other stockholders shall have the first
privilege Ot purchasing same at book
value. after which thirty days notice tn"
said stock may be sold in open market.
ARTICLE ~. The dOmlClle OF the
SAID corporation shall be III 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 OF other legal
process shall be served.
This corporation, unless sooner dis
solved, snail exist and continue for the
period Of ninety nine years from and
after the date hereof.
ARTICLE V. All corporate powers
shall be vested in 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 %. STAGE, who shall
be President, and whose pUstOtnCe adj
dress is No. 1904 Magazine street. New
Orleans, La; Arthur '. Robertson, who
shall be Vice President, and whose post
office address is No 53JI Chestnut street
New Orleans, La, and James J. Landry,
who shall be Secretary Treasurer, ami
whose pOstOfhce address is No. 1904 Mag
aZine street, New Orleans La.
said board shall continue in office
until January >, 1923, on which date anu
thereafter annually Board OF Directors
shall be elected on the second day Of
January Of each year, unless the same
shall be legal holiday, when the cleo
ton shall be held Oh 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 ANA adopt such bylaws, rules
ness OF the corporation may require, ami
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 de-
creased, or the corporation may be dis
solved, in the manner aud method pro-
vided by law.
ARTICLE VII. No stakeholder shall
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 OH the stock for which he
has subscribed, nor shall any mere in
formality in organization have the effect
| of rendering tins charter null or of eX-
posing stakeholder to any liability
than as above provided.
| pOration shall be dissolved whether by
| limitation or from any other cause. the
affs!rs thereof shall be Hquidated by
/ three stockholders TO be elected and
/ 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. Ia
/ case of the death of one of the liquida-
4 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 notariai
| 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: Mrs. H. o. STAGE.
| Pres; Arthur V. Robertson. vice. Pres. /;
James J. Landry, Secty-Treas.
Witnesses:
K. NJ. BLUM,
a. CLASEN.
c. W. PUNEKY,