The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-24
CHARTER.
CHARTER OF NEW ORLEANS PUB
Lie SERICE. INC.

Lie SERICE, INC.
United States of America, State Of Lou
isiana, Parish OF orleans, City of New
Orleans. lie il known, that in this 1Stl
Gay OF the month Of August in the yea
OF our Lord one Thousand nine nundre'
and twenty-five, and of the lndepend
ence OF the United states OF America tn
one hundred and forty seventh, befor
nH stamps taTrar, Al Notary Publt
duly commissioned, sworn and qualIne'
in and for the Parish of Orleans, Stat
OF Louisiana, aforesaid, and IN tn
presence OF the witnesses hereinafte
named ana undersigned, personally cam
ana appeared the several persons who's
name are hereuntO subscribed, who sew
orally declared tnat, availing themselve
Of the provisions OF the laws of tn
State of Louisiana in such cases mad
and provided they have cOvenanted an,
agreed and do by these presents cOyenan
and agree and bind themselves as wei
as all such persons as may hereafter be
come associated with them, to form
corporation Tor the objects and purpose
ana under the articles and stipulation
following, to-wit:
ARTICLE The name of the cor
pOration shall be New Orleans Publ,
Service, Inc, and, under ITS said cor
porate name 1t shall have power and au
lhOrlty TO have ana enjoy corporate ex
istence and succession Tor the full tern
and period Of ninety nine (J3) year,
from and after the GATE hereof; TO con
tract, sue and be sued TO make aDC
uee corporate seal and the same u
break or after at pleasure; 10 hOId, lie
celFe, lease, purchase and convey. as vel
as mortgage, hypOiheCdtr anu pieu5C
property, real. personal and mixed, cor
poreal anu InCOrpOreal; to name End
appoint such managers, agents, directors
ana officers as iIs business, interests OF
convenience may require; and 10 make
aud establish, as well as alter and amend
from time 10 time such by laws and reg
N IA4I tor Ilta krtA-
mcnt ana regulation OF the affairs OF
said corporation rs may be necessary
and proper, and have, possess and enjoy
all rights, power, privileges, franchises
and lmmunitaes now or hereafter au-
thOrized by law.
ARTICLE 1.-THE dOmicile of this
corporation snail be the City of New
Orleans. State OF Louisiana, and all eta
tiOns or other legal process shall DO
served upon the president OF this cor
OF the vice president thereof. or, in the
absence OF said Otlcers, upon the secre-
tary OF this corporation.
ARTICLE III.-The objects and pur-
poses Tor which this corporation is es-
taDlished and the nature OF the business
10 De carried Oh by II are hereby specI-
he'd and declared 10 be:
10 locate, construct, purchase, own,
or lease maintain anI Operate street
railways tramways internrban rail
ways, bus lines, and other similar local
transportation agencies i'll and about the
city OF New Orleans and elsewhere i'll the
State Of Louisiana and in other states
and territories OF the United States; to
purchase, or otherwise acquire, own and
operate the properties owned, controlled
or leased and 0psated by New Orleans
hallway IL Light Company and /or its
Receiver and Jor its constituent comps-
MES; TO carry and transport passengers,
freight, mail aud express; to purchase,
nNnvW laa.aAA
adjacent to or in the vicinity of it's said
lines Of railway parks and pleasure
grounds, and gneir appurenanaes, tor
the promotion or travel over its lines or
railway and as adJuncts thereto; to con-
struct, own, purchase or lease or other
wise acquire, maintain and operate in the
State of Louisiana and in other states anu
territories OF the United States, plants,
works and systems Tor generating diStrl-
butlng, supplying and vending electricity
Tor light, heat, power and other purposes
10 construct, purchase, own, lease or other
wise acquire, maintain and operate gas
plants, works and pipe lines and distriDu-
tlOh system for the manufacture, storage,
and vending OF gas for light,
heat and power and Otner purposes, Tin
Guiding also the production, transpOrta-
tl0n, storage, vending and distribution OF
natural gas) in the City of New Orleans
and elsewhere in the State of Louisiana
ana other states and territories of the
United States; to construct, purchase, own
Or lease, maintain and operate in the City
Df New Orleans and elsewhere in the State
Dt Louisiana and other states and terrific
ries of the United States, plants, works
and systems for the generation, distri-
button and vending of steam for heating
purposes and OF cold air or otner
products or articles for refrigeration or
cooling purposes; TO exercise the right
ana power OF appropriation and eminent
domain in the acquisition of of property
rs may be authorized and permitted by
aW; TO consolidate or merge with other
street railway, interurban railroad, tram
way, DusS line, electric light and power |
ana gas companies, any company doing |
my business in whole or IN part similar To
nat Tor which this corporation is estab- |
ished, or as may be now or shall here
uter De permitted by law; to purchase, |
acquire and own any or all of the prop- /
erty. assets, franchises and the stocks and |
ponds and other securities Of any corpor- |
itlon or corporations organized under the |
avs OF this state or of any other state !
or all or any of the purposes herein de- |
ined or incidental thereto and to guar |
lntee the bonds or other obligations and |
ilVldends on the stock of any of said cor
loratfons; and generally to do and per-
orm any and all acts and things and to
'cqulre, hold and exercise any and all
rights, powers, privileges and franchises
rs relate to the objects herein set forth,
DR. any of them, or such as may hereafter
De conferred by law upon corporations Of
his character.
ARTICLE Iv.-The capital stock of this
corporation is hereby declared to be and
IS fixed as follows:
Two thousand five hundred (S25OO OO
Dollars of preferred stock represented by
twenty five (25) shares Of the par value
Of one hundred ($l00OO Dollars each and
Two thousand five hundred (S25OOOO)
twenty-five (25) shares Of the par yaIue
of one hundred (slO0.00) dollars each.
The preferred designations. voting
powers, restrictions and qualifications of
the preferred stock shall be as follows:
The preferred stock shall be entitled in
preference to the common stock to divi-
t at at the rate OF az. per annum paya-
board OF directors shall determine and
such dividends shall be cumulative from
and after the date of issue thereof. No
dividends shall be declared or set apart
LOT payment on the common stock until
all dividends then accrued on the preferred
stock shall have been set apart for paw
ment. f"'
In any distribution of assets other than
by dividends from surplus or profits. |
wnetner voluntary Or involuntary, tho
stock shall also have preference |
over the common stock until the full par
saiue thereof and 10 per annum thereon !
ron, the date Of issue thereof shall have 1
men TS paid by dividends or distribution.
ne preferred stock shall not receive any
dividends from surplus or profits in az,
cess OF said par value and the amount
Of such accumulated dividends unnaid
thereon, but the common stock alone shall
'A"ie' An
All but not less than all of tho n-o-
'erred stock shall be subject To redemn
ion az the option Of the corporation mon
my dividend date at its par value and
' Se ana unpaid dividends therein to