The herald. [volume] (New Orleans, La.) 1905-1953, 1914-06-11

! for in cash at such times and in such amounts
and manner as the board of directors may de-
termIne. or the same may be issued IN fui!
payment for property actually received by or
services rendered 10 the corporation, such
stock when so issued shall be full paid and
worcestershire
Any director Of tins corporation may give
10 another director a power OF attorney TO
represent him and vote IN his name a. any
meeting Of the board 81 directors.
Article N. This corporation shall have
power and authority 20 contract, sue and be
sued m It's corporate name, make and use a
corporate seal, the same 10 change or alter
81 pleasure; purchase, lease and hire real
and personal property and 10 SELL hypo;heca;e
mortgage or pledge the same, 10 borrow
money, issue bonds, notes other obliga-
tons; hire, employ and discharge all 9TH
GERS, agents and employees necessary IN the
management and conduct Of its affairs, and
90 * their salaries and COmpeu> alton: 70
make such bylUaws, rules and regulations Tor
the proper management and eNpldltCD OF ITS
affairs a'iay be necessary and proper, and
alter, amend and change the same at pleasure
Each board OF directors shall elect from
among thcir number president and general
manager, wee president, treasurer and sec
Rotary.
Article Y The business and affairs Of
this corporation shall be managed and con
duccd by board OF directors composed Of
not less Than four shareholders, majority
OF whom shall constitute quorum Tor the
transaction Of all business.
Article VI. The n-St board OF directors OF
this corporation shall consist Of Ettore Fer
rata. Eugene Aus.cN. Justin Deuclhau and
Edgar G.. Gould, with the said EttOre Fer
rata as president and general manager, Eu-
gene Au~lcy vice president and treasurer,
office until the second Monday IN January,
1919, or until their successors shall have
been duly elected and qualified
ON the second Monday III January, 1919,
and annually thereafter, an election Tor d.
rcCtors shall he held At the ottCc OF the cor
puratIon under the supervision OF two coma
ulS>lUEtrs 10 uc appointed by the president
after ten days PRIOR written notice shall
shareholder To he sent by mail. and the dI
Ic,tJrs then elected shall Immediately take
their seats and hold otnce until their success
sors shall have been duly elected and quail
ned.
All corporate elections shall be by ballot
and a majority Of votes cast shall elect,
and each share OF stock shall be entitled 10
one vote either IN person or by proxy at all
meeting Of stockholders.
All vacancies occurring in said board from
any cause shall be filled by the remaining
directors.
This corporation shall commence business
and become a going concern at once.
Article VIII. This charter may be amended
or altered this corporation dissolved by
vote OF threc-fourths Of the shareholders pres
eut and voting OF represented by proxy at
a general meeting OF stock holders called
tICe by mail 10 each shareholder, and such
changes as may be necessary and made in ref
crencc 10 the capital stock, shall require in
addition forty days in writing to each stock
holder.
Article VIII Whenever this corporation is
dissolved by limitation or otherwise, the az
fairs shall be hquIddted by two commissioners
to be appointed from among the stock hold
crs at a meeting called for that purpose after
thirty days previous notice in writing mailed
10 each stakeholder by the secretary. Said
commissioners shall remain IN ottce until
the affairs Of said corporation shall have been
Inundated.
either OF said commissioners the survivor shall
continue to act. All stock which is 10 be
ferred upon the books OF this corporation,
otherwise same shall not be recognized.
Article lN. No stakeholder OF this corpor-
alton 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 owned by him,
nor shall any mere Informality in organiza-
ton have the effect OF rendering this char
ter null nor OF exposing a stock holder to
any liability beyond the amount Of his stock.
Thus done and passed in my notarial Office
at New Orleans aforesaid, in the presence of
Collin E. Mcneil and William A. Wenck,
competent witnesses of lawful age and re-
siding IN this city, who hereunto subscribe
their names together with said parties and
me- me- notary, on the day and and date set forth in
COLLIN E. MCNEIL,
VIM RENAUDIN, Notary Public.
l, 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
Acme Gravel and Sand Company" was this
day duly recorded in my office in Book ll27,
Folio =
New Orleans, May u, 1914.
(SigLed) EMILE J. LEONARD, D. R.
| certify the above and foregoing to be a
true and correct copy of the original act of
Incorporation of the Acme Gravel and Sand
Company" together with the certificate of the
Recorder of Mortgages thereto appended, on
hle and of record in my office.
In faith whereof, | hereunto set my hand
and seal this 9th day of May, A. D., 1914
(SeaD
(Signed) VIM. RENAUDIN, Not Pub
May %, June II Is 25,July 2.
CHARTER