The herald. [volume] (New Orleans, La.) 1905-1953, 1912-10-10

regulations formalities as the Board of Di-
rectOrs may prescribe. This corporation
the subscription of fifty (5O) shares OF Its
capital stock.
The mowers Of this corporation shall be
vested in and exercised by the Board OF
Directors This board shall be elected an
nually on the first legal day of May OF each
wear All of such elections shall be by
Ina Hot at the Office of the corporation, under
the supervision of three Commissioners 70
be appointed by the Board of Directors, and
in the absence OF any Commissioner, the
President shall have the power to NIL the
place by appointment; and OF all such elec-
lions as well as all meetings or STOCKHOLDERS,
EXCEPT for the purpose of liquidation or dis
solution or as otherwise required by law
ten days notice shall be given by mailing
10 each stakeholder who appears as such on
the books of the company at his last desls-
mated address or at the general delivery at
New Orleans. IL he has not designated an
address, notice thereof.
Each shareholder shall be entitled 10 one
vote for each share of stock standing in his
name on the books of the company, cast In
person, or by proxy, and majority OF the
votes cast shall elect The Board OF ID,
rectors shall have the power to NIL all
vacancies that may occur on the Board.
Failure to elect Directors on the day
above specified shall not dissolve the cor
pora ton, but the Directors then in ONCE
Shall remain in office until their successors
are elected and qualified. A majority OF
the Directors shall constitute quorum for
the transaction of any business, and the
Board OF Directors at their first meeting
following each annual election, shall elect
from their number, a President and Sec
rotary Treasurer, and such other omcers
as the Board Of Directors shall deem nee
The Board of Directors shall have the
power to make and establish as well as
alter and amend all BYLAWS, Rules and
Regula lions necessary and proper Tor the
support and management of the business
and affairs of the said corporation.
The said Board shall also have full power
and authority TO borrow money and through
the President or some other duly authoriZ-
ed agent or agents to execute mortgages,
issue notes, bonds or other obligations In
! such amounts or on such terms as IN their
| Judgment may be advantageous and gener-
| ally to do all things reasonably necessary
| for the proper carrying on of the business
| of the said corporation and also to issue and
deliver full paid shares of stock and bonds
or other obligations of the said corporation,
| In payment of money borrowed, or money,
| labor, or services or property or rights &C
tually received by the said corporation, and
and things as may be necessary to carry
| out the objects and purposes for which this
| corporation Is organized.
At any meeting of the Board Of Directors.
| any Director absent from the meeting may
be represented by any other Director, who
may cast the vote of the said absent Direc-
tor according to the written instructions of
i the said absent Director. The Board of Di-
rectors shall have the power by vote Of not
less than three Directors to sell, lease,
mortgage. by bond mortgage or otherwise,
or to pledge any and all Of the property,
movable and immovable, belonging to the
corporation, or TO receive In exchange there
for, money or stocks or bonds or other OBJ
legations Of another corporation, without re-
ferring to the shareholders for the power to
do so. And they may also purchase fol
stock In said company or for cash or on
credit property of any kind required foi
any of the purposes of the corporation
n without authority of the shareholders.
Il Until the next general meeting held under
this Charter on the first legal day of May
|, of each year, or until their duly qualihec
successors are elected and installed, the
l. III. Jastremski. L. Lopez Henry Rents
! w. p. Kennedy, and A. Lopez with L. FL
Jastremski as President, Henry Bentz as
vice-President. and L. Lopez as Secretary
Treasurer. All other officers are to be elect
ed by the Board OF Directors.
J, ARTICLE VI.
:, Whenever this corporation shall be dis
: solved, either from limitation or from any
: other cause, Its affairs shall be liquidateC
by three stockholders to be appointed at &
general meeting Of the stockholders conven
ed for the purpose Of LIQUIDATION as herein
after provided. each share being entitled {,
= one vote to be cast by the holder, either II
, person or ny proxy. Said Commissioner
shall remain in Office until the affairs Of thi
Corporation shall have been first settlet
and liquidated, and they shall have full
r power and authority to transfer and Civ
title to all the assets and property of tn
corporation and to distribute the proceeds
: of one or more commissioners, the vacanc.
= shall be filled by the surviving commissions
!. or commissioners; ,c,r VT,
4 This Act Of Incorporation may be modif
= ed, changed or altered or this corporation
may be dissolved with the assent of three
e general meeting Of the stockholders conven
n ed for such purpose, after previous motto
n shall have been given in accordance wit
e law. Any change which may be propose
:. or made in reference to the capital stock o
the said corporation shall be made in accor
dance with the laws of the State of louisa
S ma. No stakeholder shall ever be held liza
f BILE or responsible for the contracts or fault
: of this corporation In any further sum tina
d the unpaid balance due on the shares o
e stock owner by him, nor shall any mere II
r formality in organization have the effect Q
s rendering this Charter null or of exposin
e any stakeholder to any liability beyond tn
t, amount due on his stock.
l. ARTICLE VIII.
n In order that this Charter may also serv
as the original subscription list, the sui
d scribers hereto have set opposite to the
n names, the number Of shares of stock sui
y scribed for by each of them.
D Thus done and passed in my Office, In I'll
City Of New Orleans, in the presence of
d Blanc Monroe, and Floyd r. Farrar, con
l. petent witnesses, Of lawful age, who hay
lie signed their names with the said appearel
IS said, after reading the whole.
l. Original signed Il III. Jastremski, /
T. shares; III. Bentz, 10 shares L. Lopez, ]
,r shares; VIM. P. Kennedy, 10 shares
% Lopez, 10 shares.
d Witnesses u. Blanc Monroe, Floyd ]
Y, Farrar.
Or HENRY L. SARPY,
h Notary Publ
s l, the undersigned Recorder Of Mortgage
Is In and for the Parish of Orleans, State
Louisiana, do hereby certify that the abo,
and foregoing act of Incorporation of Il
Is Gulf Warehouse Company was this day du
j. recorded IN my Office In book 1855, folio A
re New Orleans, La, August Doth, 1912.
IF (Signed) EMILE LEONARD, ID. r.
Of l, the undersigned notary, do hereby ce
s. tify that the above and foregoing Is a trl
Or and correct copy of the original Act of Il
lel corporation Of "Gnlf Warehouse Company
r Of record In my ONCE.
a. In faith whereof, l have hereunto signt
my name and have affixed the impress
c. my official seal, on this twenty ninth (29ti
s. day Of August, A. D., 1912.
lel HENRY L. SARPY,
h Notary Publ