The herald., 1922-05-25
CHARTER.

lama for the organization at corporations.
and especially Act Pa of Oh" Acts "t
. 1914 they have coN"uHuf"d ana agreed
and by these presents covenant agr""
and bind themselves. as well as Such
persons as may hereafter become aSS"-
ciatcd with them. To- form aud constitute
a corporation and body polite in law
and to that end they stat" tn" follow
ipy matters and things and execute and
adopt these articles Of Incorporation aS
/ follows. to-wit.
alton shall be GEORGE II. MACHINES.
/ INC.
ARTICLE II. The objects and pur-
/ poses for which this corporation Is es-
. tahliShed and the nature of the business
/ to be carried on by il are declared ana
specified 10 be: To act rs agent for IN
Surance companies in soliciting ana re-
/ cciying applications for fire. casualty
plate glass boiler elevator accident.
| health. burglary. rent, marine, credlt,
fidelity and surety bonds. and life IN
surancr and all other kinds Of inSnr,
| aucc the collection Of premiums, ana
doing such other business may he
delegated to agents by such companies
and to conduct general insurance
agency and insurance br"keraGe business
ARTICLE Ill The capital stock or
this CORPORATION Is hereby fixed ut the
sum of Ten Thousand Dollars (SlOOoOVO),
/ 10 be divided into and represented by
one Hundred G00) Shares of the par
value of One Hundred Dollars SlOOOOl
each. which shall he paid for IN cash
or may be issued for property actuallS
received by the corporation, or for ser
vices rendered. The capital stock may ne
inceased to the sum OF Twenty Thousand
Dollars (S2OOOOOO).
: ARTICLE ". No stock in this cor
= poration shall be sold, assigned or trans
fcrrcd other than by inheritance, unless
and until the same shall have been hrst
= offered in writing to the other stock
4 holders for the benefit of such stock
: holders as may desire to purchase the
tla xpIu thereof
: ! the first day of January last preceding
: the date of the offer. Said oher shalI
. | be addressed to the Board of Directors
a | and ten days shall be allowed for the
!, acceptance Of same in writing by any OF
+ the remaining stockholders who may be
m willing to pay the book value Tor sara
l. stock so offered. as shown by the pooks
RS OF the corporation on the hrst DAY Oh
he January last preceding the date OF such
N offer Each stakeholder shall be priv
IN LEGGED to purchase the stock onereo IN
at the proportion that the number OF shares
of owned by him at the time bears TO the
er number of shares owned by the other
c. stockholders who may desire to paruci-
pate in the purchase.
OF ARTICLE v The location OF the DOM
no iciIe of said corporation shall be In the
ne City OF New Orleans. in the Parish OF
NJ Orleans. State of Louisiana.
ne ARTICLE vi. The period OF duration
~ | OF said corporation shall be hfty (oo)
ne ARTICLE VII. The Board Of Direc-
~ tors OF said corporation shall be not less
vs. than three nor more than seven. .hnse
Ter officers Of said corporation shall be those
ali | provided for by law and such other ofn-
X GERS as may be provided for by the py-
tor laws. The names and postofhce al
at dresses of the directors of said corpor-
of alton who are selected to serve for the
ng first year or until their successors are
Ia elected and qualified shall be as follows:
d. George II. Maginnis: 1649 Palmer ave Seo
The nue.. New Orleans; W. ID. Maginnis. 1649
ST. Palmer Avenue, New Orleans; Edward
Ike Becker, Jr, 24O4 st. Bernard Avenue.
as New Orleans, with George ii. Maginnis
ra- President and Treasurer, and Edward
Becker Jr, as Secretary. The office OF
ion Treasurer may be held by the vice
or President or the Secretary, as the BOAR
18th of Directors may determine; but In the
INT event shall be termed Vice-President
my Treasurer or Secretary Treasurer, as tina
OF case may be. The offices and directors
ur - of this corporation shall at all times DC
the stockholders and should any officer OF
c Ie director during his tenure Of office cease
OK TO be n stakeholder he shall ipso facto
u ~ cease to be an officer or director hereol
a. and the vacancy thus created shall ~
~ filed by the remaining members OF ths
ms Board from among the stockholders
ARTICLE VIII. The names OF th'
lall subscribers to these articles OF incor
iits poration and the number Of shares o.
um stock which each subscriber is to taxi
GU, sn in said corporation are as follows
t tpa George II. Maginnis, "a shares, par value
ing $4,000: W. D. Maginnis, 10 shares, pa
'ne share, par value $4,000. Each share o
,ra- stock shall be entitled to one vote. Their
or shall be no cumulative voting. n,-o,
be ARTICLE TX. The Board OF Dire
of tors of said corporation are hereb!
that vested with all the corporate powers 0
the said corporation, including among othe
Il q powers the following, viz: The power
at make, alter and amend bylaws for IN
mis- government OF said corporation; tn
the mower to borrow money, execute mort
been cages, issue notes or bonds: TO sell
of pledge the same, and generally to DO a
or things pertinent to or necessary Tor IN
ms, objects and purposes or SAID corpots
shali ton or which are or may be permltte
anu by the laws applicable to corporation
aseu the above recital OF powers granted
A. the Board OF Directors not being e,
tne elusive the intention being to vest u
IT, Board OF Directors with all such oth
for and further powers as may ne prop
i'' to accomplish the objects and purpos
e I'm IN Vi ARTICLE X. Stockholders meetinl
item. for the election Of directors OF said co
,ouis poration shall be held annually on u
g in second Monday OF January eneh yea
ames beginning with the year 1870 ne poa
tary, OF Directors as named In this chart
shall hold office until said second Mo
day in January, 1923, or until their su
1. 20 cessors are duly elected and qualihe
FaiInre 70 elect directors or to hold
Gold | ANIMAL meeting on the day specified
this charter will not dissolve the 60
TX. poration. but the directors then IN ON
lblc shall remain in office until their So
Mort onssors arc elected and installed.
cans. kpTrCIE XII majority Of the Boa
that Dioo,nrs sboII constitute uuoru
pora- % 81 transoction of all business
was ARTICLE XII. All legal process sh
e III he served upon the President; or, In
absence. upon the Vice-President OF
TT corporation.
,rde- Thus done and passed In my office
COW the City Of New Orleans. in the preser
n my OF Burt W. hehry anu nni ~ .,
DR. who have hereunto signed their nam
ublic. with the said appearfrs anu nv ",
on the date and day first above writ
- and the subscribers do hereby subscr
for and agree to pay for the number
shares set opposite their several nam
(Names OF subscribers Omitted)
e OF Witpesses:
" OF RTRT w HENRY.
this HARRIET SPICKERT.
an In w COOpEP