The herald. [volume] (New Orleans, La.) 1905-1953, 1912-01-04
ARTICLE ".

ARTICLE ".
| The capital stock of this corporation is
hereby fixed at the sum Of three thousand
| dollars tS3,OOOOOD, 10 be represented by
| thirty shares at par value of one hundred
dollars CSiOO. OO( each: this corporation
shall begin business as soon as all or the
| shares are issued
| All shares of stock shall be paid In cash.
property received, services rendered or Ia
Dor performed. and must be fully paid be-
fore the issuance OF the certificate therefor,
and shall he worcestershire.
| Said stock shall be represented by stock
| certificates transferable only on the books
of the corporation on the surrender OF the
outstanding certificate, or due proof or loss.
| Before any stock can be transferred III
must be first offered in writing and at Its
book value TO the board OF directors OF
| the corporation, who shall have the option
Of purchasing the same at the said book
| value at the time the said stock is offered,
and should the directors fail to make the
purchase of the said stock within sixty 900
days from the time OF its offer, then the
holder and owner of the stock may dispose
of IL in the open market.
The said capital stock may be increased
by proceedings in accordance with the laws
of the state of Louisiana.
ARTICLE V.
The affairs of this corporation shall be
managed by a board Of directors, and all the
corporate powers of this corporation shall
be vested in and exercised by the board OF
directors, to be composed Of three stock
holders, majority of whom shall consti-
tute a quorum for the transaction of any
and all business Of every kind for the cor
pOratiOn.
They shall have power to make all by
laws. rules. regulations, and to alter or
change same, to purchase and acquire the
property, business and goodwill OF any and
all Of the businesses of any kind. or TO
} form partnership with any persons or com
panies in any line with the objects and
purposes of this corporation as they may
deem advisable and TO pay therefor in full,
paid stock of this corporation, or cash or
: paper for same; also TO mortgage pledge
or hypothecate the property of this corpo'
: ration for the purposes of Its business.
(; The said board OF directors shall be elect
e ed every three years by ballot of the stock
5 holders Each stockhOlder shall be entitled
9 in person or by written proxy to one vot'
l. for each share of stock owned by him anC
J, standing in his name on the books Of thu
q corporation. for at least fifteen days prio
e to such election.
All elections shall be held under sucl
rules and regulations as may be determines
by the board of directors, and after tel
days notice Of such election shall hav
is been gwen by mail, addressed to each stock
re holder at his last known address, or by pull
to fishing In one Of the daily newspapers pull
n lished in the city Of New Orleans.
% A majority of the votes cast at sue
In election shall elect said directors.
is The directors thus elected shall continu
be In office for three years, and said director
president. vice-president. and secretar!
The first election shall be held on tt
ld fourth Monday OF November, nineteen hui
III dred and fourteen, and, until then. Mr.
OF Sallie A. Forshee, widow of Sidney A. G.
IS, longne. Sidney Edward Calongne and WI
board Of directors, with Sidney f. CalongI
d. as president. Mrs Sallie A. Forshee, wido
d OF Sidney A. Calongne, as vice-presiden
ne and MILFORD F. Calongne as secretary-trea
M urer.
ST. ANY vacancy on said board OF directo
en- caused only by death shall be filled by Il
he remaining directors. for the unexpired teri
No failure TO elect shall be considered
a forfeiture of this charter.
tie, ARTICLE VI.
af- No stakeholder shall ever be held liab
a or responsible for the contracts, faults
ry- debts of this corporation. nor, shall al
elr mere informality in its organization ha
1r- the effect of rendering the charter null
re- void. or of exposing a stakeholder to p
further liability than the unpaid balan
ISL due on the shares of stock owned by him
aid ARTICLE VII.
am This act of Incorporation may be chang,
mo altered or modified, or the corporation m
In be dissolved go into liquidation by yc
ors of three fourths of the stock represented
a special meeting called for that purpo
after its objects have been made known
ten days previous notice In writing, del
cred or mailed to each stakeholder of reco
ed, on the books Of this corporation to attic
vel said meeting, and upon complying with
ing laws of the state of Louisiana. Whene'
ra- this corporation Is dissolved, its affairs sh
on be liquidated by two commissioners elect
eof among the stockholders at said meeting
emit wind up the affairs of said corporate
,or- Said commissioners shall be elected by
two majority vote Of the stockholders, each sh;
t of stock voted shall count as one VIC
ten However, said commissioners shall and m
,ck- | he directors in the hereinbefore mention
IS corporation.
ind Thus done and passed in my notarial
my. fee, In the city Of New Orleans state
Qui- Louisiana, on the day, month and y
)ck- above written, In the presence OF Mes:
Leonard c. vacher and Howell Carter,
nal competent witnesses, who hereunto S
Of notary, after due reading of the whole.
ald; (Orig.nal signed) Ashley Calongne,
any shares Mrs. Sallie A. Calongne, 10 shar
-, ol Sidney z. Calogne, 9 shares MILFORD
NM Calongne, 8 shares. (Witnesses) l..
L 1sa vacher, Howell Carter, Jr.
ton ETHELRED NJ. STAFFoRr
Notary Pull
,ers.
Dob I. the undersigned, recorder Of mortga
In and for the parish of Orleans, state
b. Louisiana. do hereby certify that the ali
and foregoing act of Incorporation OF 3.
ages Calongne's Sons was this day duly recor
e of in my office, in book 1851 folio =.
bove New Orleans, Nov. %, 1911.
the (Signed) EMILE LEONARD, by
O51, ErHELRED NJ. STAFFoR
(Sean Notary Pu
i, nov 80 dec IA 81 % 1911 Jan 1912
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