The herald., 1922-08-10
CHARTER.

exchange. acquire by grant, gift or pur-
chase, devise or bequest, sell ALLEVIATE, dis
pose OF, convey, lease, pledge. pawn, by
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 OF
notes and other evidences of debt IL
may accept mortgages, pledges or other
torms 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
the same at pleasure. 1t may hold stock
in other corporations, and its capital
stock may be issued for capital stock OF
other corporations. 1t may name, appoint
hcers, 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. IL
may make and establish bylaws, rules
and regulations not inconsistent with this
charter or any existing law, fixing or al.
ter1ng the management of its property, the
regulation and government of its affairs
and the manner of the certifcation and
registration of its stock. 1t may wind
up and dissolve itself, or be wound VI
and dissolved in the manner prescribed
Il
state, other states, the Federal Districts
the Territories and possessions of tht
United States and any foreign country. Ii
shall have the power to invest its board
of directors with all of its corporal,
powers, subject to such restrictions as
may be named in this charter. And il
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 tn,
state, and particularly under Act No. 81
of the Acts of the General Assembly OF the
State of Louisiana for the year 1914. anC
the amendments thereto.
ARTICLE 1.-THE domicile of this cor
pOration shall be the City of New Orleans
Parish of Orleans, State of Louisiana, ant
all citations or other legal process shall
be served upon the president of this cor
pOratiOn or in case of his absence upOI
the yice-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 this corporation is formed
and the nature of the business to be car
ried on by il hereby declared to be: To
buy, sell, import, export, and generally
trade and deal in or with, either for it
own account or as agent OF others, al
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 al
kinds, and similar articles of commerce
in wood. metal, earthenware or other ma
terial; to construct, weld. repair and
erect the same and to make castings and
fOrgings of all kinds; and generally e
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 effect
the aforesaid objects and purposes oil
either of them, or to facilitate the corpora
ton in the transaction of any other lawfu
business that might be calculated, directly
or indirectly, to enhance the value OF oil
to render profitable any of the corpora
tons property and rights; and generally
to hold and exercise all such incidenta
powers and privileges and to do and per.
form all things as relate to the objects
and purposes hereinaboye set forth, or a:
may be needful. necessary, proper, usefu
or convenient for effecting such objects
and purposes or either of them.
ARTICLE IV-The authorized capita
stock of this corporation Is hereby nNeC
at and declared to be the sum of fifty
-. thousand $3.50, OO0.O0) dollars, which CAPT
tai stock may be increased in the manner
provided by law to the sum OF one nun
dred thousand ($1OO,OOO.OO dollars.
The presently authorized capital stoci
of this corporation shall consist OF nV'
hundred 5000 shares of the par value o
one hundred (SlOO.OO) dollars each; !
shall be represented by certlhcates, shai
be full paid and worcestershire when Is
or for property actually received, or 10
cash to be paid at such times and In sue
amounts and after such notlce as may "
determined by the board OF directors. am
Of said capital stock shall be binding upoI
| this corporation unless made IN accoru
! ance with its charter and bylaws ana re
corded on the books thereof.
ARTICLE v-No stakeholder may sell
assign or transfer his stock In TINS Ut
! civ
! stockholders, through the secretary
! This CORPORATION, notice in writing OF sue
| intention, and the other siockh ~
| shall have the right for period OF thlr.
DAYS from the delivery of such notice =
| the secretary, to purchase all or any par
| Of the stock of such stakeholder Tor cas-
| ar the book value thereof. after WhlGl
| thirty days the said stock may De SOL
without restriction.
| Whenever the employment of any STOCK
bo,dar Inv this corporation Is terminated
| either nv death, resignation, dlsmlssa
| Ianse of time or otherwise, the otRe
| stockholders shall have the rlght ~
thirty days from the date OF suen oer1 ,h
nation TO purchase all or any part OF IN
STOCK of such stakeholder for cash at IN
hook value thereof, after when .niI.
DAYS the said stock may be sold wlthou
| restriction.
other stockholders desiring to purchas
stock under this article must IN uu nretar
1 4
81 This corporation. In the event thaI IN
| other stockholders offer to buy more sso.
than is offered for sale, stockholders on 81
ing to buy shall be entitled TO Duy ~
offered stock in the ratio OF tnelr , 1M1
| then stock holdings in this corpora,tt nni
For the purposes of this article, the pv uo
yalue shall be determined by the hguIe
rs shown on the last financial Statement
| No sale or other transfer or assignIns,ii
I If stock in this corporation SHAH De SaiI
until and unless opportunity TO pu an IN
snch stock has first been given IN IN
manner hereinabove provided to the o.n IN;
stockbolders of this corporation; anu an,
r;vbt so vested in the other stockhSgluIei
sbsu follow into any hands into Which
nav mass any stock sold. transierreu ~
assigned without such opportunity DEN ~
a;yen and may be exercised agalni u =,
Sn,da- or holders thereof within nlhe e.
zoo, days after such stock is tenueryu ,, ~
tronsSer on the books of this corp9ratLlo w
and no transfer of any such stoch ~,
%a made on the books of this corpor"t tn,
during the tendency of said ninety '''
day period. ,o,vo,
ARTICLE yI-AIl the corporate pow,
of his corporation shall be vested III ~
erarcised by a board of four ~ ulreI ,'or
each of whom shall hold IN ms y" Of th