The herald. [volume] (New Orleans, La.) 1905-1953, 1911-10-12

dends, or so much thereof as shall remain
unpaid. shall accumulate. The dividends
upon the said preferred stock, together win
all accumulations or DIVIDENDS feihaiIlus
unpaid for previous years, snail be palu III
full before any dividends shall be PAID upon
the common stock of the said corporation;
The said preferred stock shall be entitled
TO elect two out of the three directors mere,
in provided for. and the common st9ck , snali
be entitled to elect the remaining directors.
In the event of the liquidation OF the cor
pOratiOn for any cause, the preIeFEeu s'V S
Shall have prior lien on tne assets % tne
CORPORATION up to and until 1t shall nave
received the par value OF the sald sloch'
Any excess shall then be given 10 the com
mon stock until its par value snail naNe
been paid and anything remaining shatl De
divided pro rata among the holders OF ali
OF the stock, preferred and common.
Said stock both common ana preferred,
shall be paid for in instruments OF suSh
amounts as the board OF directors may de-
ANY part or parcel OF the stock may be
issued by the said board Of directors in pay
ment of labor done or property actualIS
received by the said corporation. 49,
Sauarate stock books and stock register
for each OF the said stock shall be kept, ana
the two classes shall not be mingled. IN,
This corporation shall become a soluS
concern, and shall be authorized TO com
mence business so soon as three thousanu
| dollars of its capital stock, either common
or preferred, shall have been suDscFIOeu IVA
ARTICLE ".
All the corporate powers Of this corpora "a.
| ton and the management ana control VI 10
affairs shall be vested in, ana eXerciseu Dy,
| a board of directors composed OF tnlee
stockholders, a majority OF whom shdll con
| stitute a quorum for the transaction OF al,
| business The directors shall be electeu
! annually by the stockholders at meelins
10 be held on the third TUESDAY In OS 60 oT
| of each year. Each stockhOlder shaII De eh-
/ nv
| every share owned by him, ana all electIons
shall be held under such rules ana regui d :
| items as may be determined by the Doaru OF
| directors The directors thus elected shaiI
| continne in office for one year, or until their
| successors shall have been elected anu nave
| qualified. No failure 10 eject shalI Oe re
| garded as a forfeiture or TINS charter' any
| yacancy occurring on said board snall De
| allied by the remaining directors for the IN
| exnired term. The board OF directors SNAIL
| AT its first meeting after Its election noun
| nate out of Its number, a president, VIC,
| president and a secretary-treasurer' SdlI
| hoard shall have the right TO unite any Oh
the two above mentioned positions into one
| or NAV segTegate the position OF secretary
| treasurer and elect a secretary VINO neeu
| not be either a director or stockholder'
and ii shall employ and dismiss such clerks
managers and other employees OF the corpo-
ration as the interest and business Oh tne
| same may justify. Any Of the directors
shall have tie right to appoint, by written
| insrrument another director or stockholder
10 act as his proxy and in his stead at any
and all meetings Of the board OF directors
ARTICLE V.
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
| dahts OF this corporation, nor shall any
| mere informality in its organization nave
the effect of rendering this charter vow ,, or
OF exposing a stakeholder to any naOl.lSy
beyond the unpaid balance que Oh lhe
shares owned by him.
ARTICLE vi.
This act Of Incorporation may be changed
! modified, or altered, or this corpcratiol
NAV be dissolved, with the assent OF tht
stockholders owning three-fC:lFths OF tne
stock of the corporation, present or repre-
| sented at a general meeting convened 1Oi
that purpose and after at least ten ia!
written notice shall have been given thro !,
the mail to each stockholder at MS las'
known place Of residence. In case OF dlsso
luton by the expiration or this charter OF
otherwise, the stockholders shall elect three
liouidators from among their NUMBER u
settle the business and Affairs OF tnis com
| pany In case Of the death or disability OF
any one of said commissioners or llquidat
ors. the survivors shall appoint successor
to him.
Immediately after the signing of thi:
charter the stockholders shall meet anG
elect three directors VINO snail serve untL
the election to be held in October, 1917.
Thus done and passed In my office, on the
| day, month and year, first above written, In
the presence of Frank B. Twomey and 10
seph L. Weiss, competent witnesses, VINO
have signed with the appeares and me, the
notary, after reading the whole.
| Original signed) S. j. Sutherland, 3Ot
/ shares W. c. Campbell, 2 shares; j. Ham
ilton Smith, 1 share. (Witnesses) +. b
i"''' " A. D. DANzrGER, Not. Pub.
Substituting Felix J. Dreyfous, another no
tary public, now absent on leave.)
I. 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 thu
Imperial Export Company" was this day
duly recorded in my office, In book 1Oo1
folio 1919.
New Orleans, Sept. IL, 1911.
| (Signed) EMILE LEONARD, ID. X
I, Alfred ID. DanZiger, a notary public
duly commissioned and sworn In for the
parish of Orleans and city Of New Orleans
do hereby certify that the above and fore
going is a true and correct copy OF the
original charter of the Imperial Expor
Company" together with the certificate o.
the recorder of mortgages, thereto append
ed, the whole on file and Of record In thu
notarial Office of Felix ]. Dreyfous, Esq.
In faith whereof l have hereunto set m!
hand and seal this ninth day OF September
1911 A ID DANZIGFR, Not, Pub.