The herald. [volume] (New Orleans, La.) 1905-1953, 1915-03-25

notice in writing sent to each of said stock.
holders at his OF her last known place of resi-.
dence. Each stcckholder shall be entitled in
person or by proxy TO one vote for every
share owned by him her; all elections shall
be held under such rules and regulations as
may be determined by the Board of Directors
The directors, when elected. shall continue in
ONCE for one year and until their successors
shall have been duly elected, and shall have
been qualified. No failure to elect shall
operate the forfeiture of this charter or any
right under the same. Any vacancy occurring
on said board shall be filled by the remaining
directors for the unexpired term.
Theodore Z. Posner shall be president; C.
J. Salm, first yice-presdent; J A. Price, sec
ond vice-presidert, and Frank Y Perschall,
secretary-treasurer OF the first Board of Di.
Tectors to serve until the second Monday in
February, 1916.
Article VIII.-The funds of this corpora.
ton shall be deposited from time to time in a
bank or banks to be selected by the Board of
Directors. All checks, notes, or instruments
drawn or executed or issued in said CORPORA
tlons name shall be countersigned by AT
least two officers of the corporation No off.
clal shall thus sign endorse the name of
the corporation save strictly in its concerns.
Article lN--This act of incorporation NAV
be changed modified or amended or the capi
tai stock increased or decreased by and with
the consent of two-third of all the stock.
A change in the objects and purposes NAV
be made only by vote of all the stock there
for issued; and an increase of the capital
stock IN excess of the amount originally
named herein as the amount TO which the can.
ltal stock may be increased, may be made by
three-tourths of all the outstanding stock.
This corporation may be dissolved bv a
vote of two-thirds of all the stockholders at
meeting called for that purpose
Notice OF all meetings referred to in this
article shall be given in the same manner as
IS provided for the giving of the notices of
election. In case of dissolution or ternina.
ton OF this charter, either by limitation or
otherwise, the affairs of this corporation shall
be liquidated by three liquidators. elected
by the stockholders from among their own
number, each liquidator shall have full an.
thority to settle and wind up the business
ahsirs OF this corporation. The terms and
conditions and the compensation for such Ser
vices shall be fixed at the time of election. In
case of the death or other disability Of anv M
the liqudators before the final liquidation of
the AFFAIRS OF the corporation, the remaining
liquidator or liquidators shall fill said va
cancy or vacancies.
Article X.-No stakeholder of this corno-,.
ton shall be held liable or responsible for the
contracts, defaults or debts of this cornora-
ton, nor shall any mere informality of This
ohhsanizatlon have the effect of rendering this
eharter null, or OF exposing any stakeholder
to any liability beyond the unpaid balance
due on the stock held by him.
Article Kiln order that this charter NAV
also serve as the original subscription Iist
tne SUBSCRIBERS hereto have written opposite
for by them.
All of which above subscriptions are nav
able IN the manner. mode and species as il
Set forth in the list hereto annexed and which
forms part of this charter.
nus done and signed at New Orleans this
lItn day OF February, 1915, in the presence of
u Cochran and F. Schaf, competent witnessed
residents of this Parish, who have signed
these presents, together with said appesrers
and me, notary, after a reading of the whole
sOrglnal Signed EMILE LEONARD
Schah. James A. Price, ct ais
EDoUARD F. HENRIoUEs, Not Pub
l, the undersigned Recorder of MORTGAGES
IN and for the Parish of Orleans, State snf
LOUISIANA, do hereby certify that the above
ana foregoing act OF incorporation of the Price
Oll Tank Works, Inc, was this day dulv
recorded IN my office IN Book ll7 folio.
New Orleans, La, February l7th 1915.
Originally Signed) EMILE LEONARD
by. R
De true and correct copy of the original act
u Incorporation of the Price Oil Tank Works
Inc, and OF the certificate of incorporatio1
II the Deputy Recorder of Mortgages. excent |
rom this copy of said act there are omitted
ne names OF the subscribers, and the MIN.
Der OF shares subscribed for by each incor-
In faith whereof, witness nv hand and off.
ial seal this 18th day of February, I9ls
EDOUARD F. HENRfOUES,
Notary Public.