The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-08

acquire and hold stock in other corporations
and if desirable, to issue its stock in pay
ment for capital stock in other corporation!
and 10 sell, hypothecate or pledge such stock
to acquire its own stock by purchase OF
otherwise, and TO dispose of or retire same
provided that the capital stock of this cor
poration shall not be diminished below the
amount provided by law; to conduct bust
ness IN this state, other states, the Fedora
districts, the Territories and possessions Of
the United States, and in foreign countries
to wind up and dissolve itself, and generally
10 ENJOY all rights, privileges and immuni.
ties granted by law to such corporations.
Article NI.-All the corporate powers OF
erclsed by board of directors. 10 be com
posed OF three stockholders, each OF whom
shall own IN his own right not less than one
full paid and unpledged share of stock, TO be
elected by the stockholders annually begin
ming at the annual meeting of 1918.
The board Of directors shall at its FIRST
meeting, after the annual election elect from
their own number a president a vice-presi.
who need not be a stockholder, or may elect
secretary and treasurer, neither OF whom
need be a stoCkholdeT
The hrst board of directors shall consist
Of Frank I. Duvlc, residing at S23 Morgan
street in this city, Remy Charles, residing
at S8 Sldell avenue in this city, and Carl
L. Ruch, residing at 2lN Baronue street in
this city, with said Frank {. Duvic as pres.
Carl /. Ruch as secretary-treasurer, who
shall hold office until their successors are
elected and qualified after the first annual
meeting in 1918.
The annual meeting Of the stockholders fol-
the election of directors and such other bus
mess may come before il, shall be held
on the first Tuesday following the first Mon
day Of January OF each year beginning il
1918. All elections shall be by ballot Fail
ure - elect shall not vacate any office, and
all officers shall hold over until their sue
ceSSorS are elected and qualified. All va
canCieS in the board OF directors or the OF
hces shall be hlled by the remaining direc
! tors. With the written consent OF all tht
directors, meetings OF the board OF directors
may be held outside the state OF louisiana
| or within the state elsewhere than az tht
corporations dDmICIle. Directors may b.
| represented al any meeting Of the board b.
! written proxy. The board of directors MAJ
| wlen Il deems necessary convene a meeting
| Of the stockholders. and shall call meeting
| OF the stockholders when requested, in writ
ing, by the holders OF twenty-five per cen
| Of the outstanding stock; and the presiden
| may call a meeting OF the board OF director
when in his Judgment it is necessary.
Article Ell-Each stfkholder shall a
every stockholders meeting be entitled 10 on
| vote in person or by written proxy for eacl
| share OF capital stock held by him, or h
may send his vote by letter, the sIgnatur
Of which must be acknowledged before a no
| tary public, or other officer authorized 4
! take afhdavits. Stockholders shall ave tn
right Of cumulative voting in the election o
| directors
Shares Of stock in this corporation legal,
! or equitably belonging TO il shall not b.
voted directly or indirectly.
Notices OF all stockholders meetings shall
| be in writing and shall be delivered to eacl
stockholder at least fifteen days before tn
| date of such meeting by depOsting such no
| tlces in the post office, post prepaid, az
I dressed 10 each stakeholder al his last ad
dress, which must be furnished TO the sec
| rotary by such StoCkholder, or such notice
may be delivered 10 such stakeholder in per
| SON
Article VIII-No stakeholder shall ever b.
| held liable or responsible for the contract
| OF faults CT this corporation in any furthe
| sum than in amount equal 10 the unpaiC
| balance on the stock for which he has sub
| scribed, nor shall any mere nformality ii
| organization have the effect OF rendering thi
charter null, or expose any stakeholder 1
any liability other than as above provided
Article IN.-Ths charter may be altered
| amended or modified or the capital stock in
creased or decreased, or the corporation ma,
be dissolved and its affairs liquidated b.
| 4 vote of two-thirds OF all OF its capita
| stock At any special meeting called for an,
| Of such purposes, after notice 10 each stock
| holder shall have been given as provided il
| Article VII Of this charter; provided, tina
| the capital stock of this corporation shall
| sand dollars (S50,OoO0O. Provided furthe
| that the above method of dissolution is no
exclusive, the corporation reserving TO itsel
| the right which is hereby granted to be dis
| solved by any of the methods provided il
/ Section % Of Act 267 of the General Assem-
bly, Of the State of Louisiana of 1914 Pro
vided further, that if the objects and pur
| poses of Article ii of this charter is to b
| amended or the capital stock of this corpora
| ton is to be increased beyond the amour
| hxed in this charter said amendments ma,
| not be made except by the vote Of three
| fourths Of all the capital stock.
I he -, 40,
! manner, of this corporation, the stockhold
ers shall elect one or more (to be deter
| mined by them) stockholder, as liGuidators
| TO liquidate its affairs and confer upon sue
| liquidators such authority as the law nov
invests in such liquidators, or modify it a
| they deem desirable.
| In case OF vacancy the remaining liqui
dator or liquidators shall be elected to fl
| such vacancy.
Thus done and passed, at my Office at tn
city of New Orleans, on the day, month an
| year herenabove first written, in the pres
| ence of Josephine Noel and J. P. Selph, com
petent witnesses, who with said appearers an
me, notary, signed these presents.
Original signed: Frank c. Duvic, Rem
! Charles, Carl L. Ruch
| Witnesses: Josephine Noel. ]. p. Selph.
NICHOLAS E. HUMPHREY,
Notary Public.
I, the undersigned recorder of mortgage:
\ in and for the parish of Orleans, State Q
| Louisiana. do hereby certify that the abov
| and foregoing act of incorporationh of "Duvi
\ Hardware Company, Incorporated" was thi
day duly recorded in my office, in book l2Ot
(SigneO EMILE J. LEONARD, by. +
n. E. HUMPHREY, Notary Publ,
| Feb IS p march 8