The herald. [volume] (New Orleans, La.) 1905-1953, 1911-09-07

ARTICLE Ill.
The capital stock Of this corporation IS
hereby fixed at the sum of ten thousand dol.
lars 100000 0Ol. divided into and repre-
scented by one hundred shares ilOOl 0f the
par value of one hundred dollars (S1OOOol
each, which shall be paid for in cash In
such amounts. and in such manner and at
such times as the board of directors may
determine, or the same may he issued a not
less than par value in full payment for pro
perty actually received by or services actu-
ally rendered to the company; such stock
when so issued shall be full paid and non
ARTICLE ".
This corporation snail have power and
authority to contract. sue and be sued in
its corporate name make and use corpo-
rate seal (the same 70 change or alter at
pleasure) hold. receive, lease, hire and
purchase property. both real and personal,
and to sell, mortgage or pledge the same
borrow money. issue bonds. notes or other
, evidence of Indebtedness and assume the
same: hire, employ and discharge, all Off
GERS agents and employees, and fix their
salaries and compensation and make such
bylaws rules, and regulations for the pro
per management and expedition OF It's AFFAIRS
as may be necessary and proper, and alter,
amend and change the same at pleasure.
ARTICLE V.
The business and affairs Of this corpora
ton shall be managed and conducted by a
board Of three directors. who shall be stock.
holders, and shall be elected al the annual
meeting OF the stockholders to be held on
the first Monday Of July In each year; no
ticn OF which meeting shall be given by
mail at least five days prior 10 the holding
thereof. At said meeting every shareholder
shall he entitled to cast one vote, In person
or by proxy. on every share OF stock owned
by him at that time and majority or votes
cast shall elect.
The board of directors shall prescribe the
manner in which said meeting shall be heId
and the votes cast and the result ascertain
ed The failure to hold any annual meet
ing shall not terminate the charter but the
officers then in Office snail continue In once
and shall summon an annual meeting as
soon as possible.
The board OF directors Of this corpora
ton shall exercise all the powers, both gen
eral and special, vested In the corporation
as fully in every respect as the same might
be exercised by the shareholders OF the com
pany and shall in no case be required 10
summon a meeting OF the shareholders or
the company to ratify or authorize any act.
contract alienation or encumbrance done or
entered into by the said board OF directors
said board Of directors shall have power 10
appoint all agents, managers. clerks and
employees. and TO fix their salaries and
compensation They shall have power 10
make change. alter and modify all proper
bylaws. rules and regulations for carrying
their charter into effect and for the manage
ment Of the business Of the corporation.
Said board OF directors shall at its first
meeting after its own election, elect a presi-
dent, vice-president, and treasurer, and a
secretary. The secretary need not be a
shareholder or director.
Within ten days from the signing OF this
charter the stockholders shall hold a meet
ing for the purpose OF electing the first
board of directors and the officers Of the
company, and the directors and officers so
elected shall hold office until the first Mon
day of July 1912, and until their successors
are duly elected and qualified.
4. - al IL, IL
officers and ill all vacancies occurring in
their number from death, resignation or
otherwise. Two members of the board shall
constitute a quorum for the transaction of
business. Any director unable TO attend
meetings of the board may give his proxy
TO another director.
Transfers OF stock shall not be recognized
unless made on the books of the company
by the owner or his duly authorized agent
and attorney-in-fact, and each share of
stock shall be entitled to one vote, either in
person or by proxy at all meetings OF the
stockholders.
The corporation shall commence business
and become a going concern as soon as
three thousand dollars shall have been sub
scribed OF its capital stock shall have been
ARTICLE VI.
This act of Incorporation may be changed,
modified or altered, or this corporation may
be dissolved with the assent of two-thirds
Of the capital stock present or represented
at a general meeting Of the stockholders
convened for that purpose after thirty days
prior notice Of such meeting shall have been
given by publication in one OF the daily
newspapers published in the city of New
Orleans once a week during said thirty days,
and such changes as may be made in refer
ence TO the capital stock shall require in
addition forty days prior written notice by
mail to each stakeholder.
ARTICLE VII.
Whenever this corporation is dissolved.
either by limitation of it's charter or from
any other cause, It's affairs shall be lilui-
dated by two commissioners elected by the
stockholders from among their number at a
general meeting of the stockholders con-
vened for that purpose, after thirty days
prior notice shall have been given in the
same manner as provided in Article VI, and
at which meeting their compensation shall
be fixed. Said commissioners shall remain
in office until the affairs Of the corporation
have been fully liquidated. In case Of
death of either of said commissioners, the
survivor shall continue to act.
ARTICLE VIII.
No stakeholder OF this corporation shall
ever be held liable or responsible for the
contracts or faults thereof in any further
sum than the unpaid balance due TO the
corporation on the shares Of stock owned
by him, nor shall any mere informality in
organization have the effect of rendering
this charter null or of exposing a share
holder to any liability beyond the amount
of his stock.
ARTICLE TX.
The subscribers hereto have each written
opposite their names the number Of shares
subscribed for, so that this act may also
serve as the original subscription list.
Thus done and passed, In my office at the
city Of New Orleans, aforesaid, in the pres
ence OF Eugene ID. Saunders and N. johnson,
competent witnesses of lawful age and re-
siding In this citv, who hereunto sign their
names with the said appearers and me, no.
tary, after due reading of the whole
(Original signed) c. e. Jackson, 20
shares j. f. Wallenbuy, shares Jas. L.
Harding, shares. CWitnesses) Eugene D.
Saunders, X. Johnson.
FRED. C. MARX, Not. Pub.
State of Louisiana,
Parish OF Orleans.
/, the undersigned recorder of mortgages.
In and for the parish Of Orleans, state of
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of the
Jackson Company was this day duly record
ed in my office in book 1851. folio -.
New Orleans, July IS, 1911.
(Signed) EMILE LEONARD,
(SeaD Dy. Recorder.
A true copy:
FRED. c. MARX, Not. Pub.
(SeaD aug 10 II "a 81 sep 1911