The herald. [volume] (New Orleans, La.) 1905-1953, 1913-02-27

two hundred and fifty shares at the per val,
ne of one hundred $1,000 dollars each; and
three thousand (S3,O0O) dollars OF the said
capital stock must be subscribed and PAID
in cash before the company can organize
and become a going concern. The remaining
shares of said stock shall be issued by the
board of directors as they shall deem mt and
proper.
All shares of stock shall be paid for in
cash. property received, or labor performed
and must be fully paid before the issuance
of the certificate therefor, and >hall be non
asSesSabe.
Said stock shall be represented by stock
certificates transferable only on the books
of the company, on the surrender of the out
standing certificate, or due proof OF loss.
Before any stock can be transferred II
must be first offered in writing and at Its
book value, TO the board OF directors of the
company. who shall have the option or pur-
chasing 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 offer, then the holder and owner
of the stock may dispose Of 1t IN the open
market.
The said capital stock may he increased
or diminished by proceedings taken In ac-
cordance with the laws of the state OF Lou
isiana.
The officers of this corporation shall con-
sist of a president, a vice-president and
secreta nv treasurer, all of whom together
shall constitute a board of directors, two
OF whom shall constitute a quorum for the
transaction of business. and all corporate
powers shall be vested in and exercised by
this said board of directors.
The first board of directors shall consist
of John +. Rodgers as president Miss Cath-
| crime Rodgers as viceIpresident, ana Andrew
L. Saxon, as secretary-treasurer; who snail
| serve until their successors are duly elected
and qualified on the second Tuesday In
March. 1914.
The said board of directors shall be elect
ed annually thereafter on the second Tues-
day Of March of each year, or as soon there
after as possible, at a stockholders meet
| ing convened for that purpose.
| Each share of stock shall be entitled 10
one vote. TO be cast, by the stakeholder. either
| in person or by proxy. The majority OF the
| stockholders. or stock present, or represented
| by proxy. shall elect. The annual meeting
| for the election of the board OF directors
shall be preceded by ten t1O) days notice
| mailed to each stakeholder to attend said
meeting.
| No stockholder shall ever be liable or re
sponsible for the contracts or faults or TINS
| CORPORATION, nor shall any mere informally
| in organization have the effect OF rendering
this charter null, or of exposing stock
holder TO any liability beyond the amount
due on his capital stock.
| ARTICLE VII.
| This act Of Incorporation may be changed
| altered or modified, or the corporation MAJ
he dissolved, with the assent or three-fourtn
of the stock represented at special meet
ing called for that purpose, after Its OBJ
jects have been made known by ten 10
DAYS previous notice in writing, delivered o
| mailed to each stakeholder and upon com
plying with the laws of the state OF Louisl
ana Whenever the corporation Is dissolved
its affairs shall be liquidated by two commits
=. sionprs appointed from the stockholders b.
the board of directors.
!. Thus done and passed in my Office In tn
CITY of New Orleans, Louisiana, on the day
: month and year first above written, In tn
presence of NJ Lowengardt and VIM. j. Fit
gerald, competent witnesses, who hereunt
sign their names with the said appearers an
, me. notary, after due reading of the whole
/ Originally signed: John +. Rodgers, l
shares; Catherine Rodgers, shares; A.
Saxon, 20 shares.
Witnesses: NJ. LOwengardt, VIM. j. Fit
: gerald. ,
! l. the undersigned recorder Of mortgage
, in and for the parish of Orleans, state {
> Louisiana do hereby certify that the aboy
: and foregoing act of Incorporation of II
I Rodgers Company was this day duly recor'
: | ed in nv office in book 1888, folio =.
New orleans, Parish of Orleans, State I
Louisiana, this oath day OF February, 1911
= EMILE LEONARD, Deputy Recorde
r | hereby certify that the above and for
( going is true and correct copy of the orr
' inal charter Of the Rodgers Company, ar
r the certificate of the recorder of mortgage
for the parish of Orleans, state of Louis
ana, as per said original on file in my n
e taral office in the city of New Orleans, Il
: New Orleans, La, Feb. "a, 1913.
d LYLE SAXON, Notary Public.
e feb - march 13 20 % apr