The herald. [volume] (New Orleans, La.) 1905-1953, 1915-02-18

hereinahove specified this corporation
shall have power.
To acquire the good will, rights, prop
erty and assets Of all kinds, and To I'M
dertake the whole or any part of the
liabilities of any partnership, firm, as
SOCiation or corporation engaged IN a
business the same as, or similar To,
that for the conduct of which this cor
pOratiOn is formed; and to pay for the
same in cash. stock or bonds of this cor
pOratiOn or otherwise.
TO subscribe for, purchase. acquire,
hold. mortgage, pledge, exchange ana
otherwise dispose of the stock, bonds
ami other evidences of Indebtedness of
any other corporation or corporations,
association or associations, either do
nestle or foreign, or both, engaged in a
business the same as, or similar To,
that for the conduct Of which TINS cor
uoratiun is formed and to issue in eN-
change therefor its own stocks, bonds
or other obligations and while the owner
or holder of any such stock, bonds 81
other obligations so acquired. the cor
poratiOn shall possess and exercise III
respect thereof all the rights, powers
and privileges of individual owners oT
holders thereof, including the right l,
vote thereon.
To aid i'm any manner. any corporation
or association. any bonds or other Sc
curitirS or evidences of Indebtedness oil
which or shares of stock in when ar
held by or for this corporation ana To dt
any acts or things, design To- protect
preserve. improve or enhance the value
| of any such bonds or other securities ol
| evidences of Indebtedness or Such stock
or the property and interests or thl'
| corporation.
! 10 guarantee the payment of dividend;
! upOn the Capital stock, or the paymen
| Of interest upon any bonds or Other on
| legations or evidences of Indebtedness
| or the performance of any contract %
any other corporation or ASSOCIATION II
so far as such guaranty may be per
/ mitted 10y law.
And TO all and everything necessary
suitable and proper for the acco,ipI lSI /,
| tainment of any of the objects or IN
! furtherance of any of the powers mere
| before set forth
To conduct its business in all 1t
branches and at one or more OFFICES II
| other states. countries and jurisdiction
as well as within the State OF Louisiana
| subject always to the conditions an
limitations imposed by law.
Article IN-The capital stock or TN
corporation is hereby fixed at the SUI
of one Hundred Thousand Dollars an
shall consist of all common STOCK, a.
Yided into one thousand shares OF IN
par value Of one Hundred Dollars eaci
| which shall be paid for in Cash or Il
labor done or property actually receive
| in such manner as the Board OF DlreI
| tors shall deem proper. TINS corpora
ton shall have the right to commenc
business when five hundred shares {
| the CAPITAL STOCK Sidll nave
| scribed, and the right is reserved 10 IN
company at any time to increase u
capital stock of this corporation, pul
| Suant to the provisions OF law, up 70 u
sand Dollars. All transfers OF stoC
shall be made on the books of the con
pany on the surrender of the outstan'
, ing certificates, pursuant to such ruiz
{ as the Board of Directors may preScrlD
Article V-The affairs of the corpor'
ton shall be managed by a Board
Directors of four stockholders, any tnr'
of whom shall constitute quorum
2 elected by the stockholders at reg
, lar annual meeting to be held at u
office of the company for that purpo
| at a time and date hereinafter seiecte
All elections shall be by ballot ana ea'
5 share of stock shall be entitled TO OF
vote, whether cast in person or by proX
= The officers of the company shall co
> sist of a President, Nice-Presldent, Se
: rotary and Treasurer. Upon the ele
> | ton of the Directors they snail co
tinue in office for term OF one ye
, | from date of election or until their su
q cessors have been duly elected a
y qualified. =,
: charter by limitation or otherwise, |
i business and affairs. snail be llquldat
u by one liquidator to be appointed ire
/ among the stockholders at a meeting
the stockholders convened Tor such p
, pose after ten days notice IN wrlt
l. shall have been given by the Secreta
- to each stakeholder in person or by ma
q said liquidator to be elected by maJ'
a ity vote of the shares of capital $40
= present or represented at such meetli
9 Article VII-This charter may
n changed, altered or amended, or the c,
u | poration may be dissolved or ORDER
.e Inundated by a vote of two-thirds OF
- capitaI stock present or represented
g meeting of the stockholders conver
n Tor such purpose after ten days no.
=, ~ in writing shall have been given by
Secretary to all the stockholders in p
= son or by mail
Article VII-No stakeholder sh
~ ever be held liable or responsible
20 the contracts or faults of this corpo
o. ton in any further sum than tne
q paid balance due to the corporation
sS the shares owned by him, nor shall a
or mere informality in organization ma
1r the effect of rendering this charter Il
or exposing any stakeholder to any
p bility beyond the amount of his imp
is stock