The herald. [volume] (New Orleans, La.) 1905-1953, 1917-04-05
Remedial Loan Society
3o7-3oS Hennen Bldg.
Strict Privacy

Sl"pogo' dollars. represented by one, :hou.
SOD each.
Article V-Ihe. corporate powers OF this
corporation shall be vested IN and exercised
by d board u directors composed OF no; less
than three 90 pr uo. more than seven ~
persons. each 4 whom shall he the holder Of
az least one share % the capital stock OF this
company, three 80 OF whom, when represent
I'd either IN person OF by proxy. shall con-
~''tu'c quorum tpr he Transaction Of al.
business.
Any director a his absence at any meet
ing 81 the board Of directors shall have
power - appOlu; IN writing, any director or
stakeholder As his proxy, with tl.l power -
act IN his stead, a; such meeting. The dlreC-
TOYS shall! be elected annually Ov ballot, by
the holders II the stock On the first Monday
" January u each yea- beginning on the
ursi Monday II January, 1918. Such cleo
t.ons shall be held and conducted al the
Office Of the company. under such regulations
As may be made by the board Of directors.
NQ;ise OF such meetings and all other
stockholders meetings shall be given m
manner required by law, and where not 50
required, then previous notice OF such meet
ing shall be given in writing, mailed 10 each
shareholder at his last known post-ofice ad-
dress. At elections and all corporate meet
Ings, each stoCkholder shall be entitled %
one vote for each share Of stock standing IN
be cast by him or by his written proxy, and
the majority OF votes cast shall elect. The
board OF directors may from time TO time
name and appoint all such officers and agents
II may deem necessary Tor the purposes
and business OF the corporation, and shall
have power 10 fix and define the duties of
all officers and employees, who shall hold
office and employment al the pleasure OF
said board. Said board may make and es-
;ablish all bylaws, rules and regulations,
necessary and proper IN lis Judgment Tor the
management OF the business, and the affairs
u the corporation, and to alter and amend
the same al pleasure. Said board OF directors
shall have full power and authority 10 boz
row money, execute mortgages, and create
liens, 10 issue bonds, notes and other obi
cations, and TO secure the same by mortgage,
pledge and hypOthecatIon, or otherwise, and
generally 10 d. any and all things necessary
for the proper carrying on OF the business
and affairs OF SAID corporation, and to select
and establish an executive committee with
full corporate power. during the interim be-
tween meetings Of the board.
The board Of directors shall hold office
until their successors have been elected and
qualified. They shall elect a president, a
vice president and secretary treasurer. In case
Of any vacancy occurring on the board from
death, resignation or otherwise. the remain
Cancy until the next election.
Article NI.-The following persons, to-wit:
E. W. Burgis, SIS Bouny Stret,, New Orleans.
Street, New Orleans, Louisiana; R. NJ. Sal.
want, 320l Crsuine Ave, New Orleans, Lou
iSiana shall be and hereby constituted as
the FIRST board Of directors, all three of whom
shall constitute a quorum, with said f. w.
Burgis, as president; E. Howard McCaleb,
vice president. and K. NJ. Salvant. as
secretary-treasurer, who shall be the officers
Of the corporation and shall serve until the
regular meeting OF stockholders on the first
Monday of January, 1918. until their sue
cessors have been elected and qualified.
The said first board of directors may in
crease the board of directors, to seven, ,0.
to be selected from among the stockholders
by said board without further authorization
OF stockholders until the next annual stock
holders meeting for the election of seven
% directors and until their successors shall
have been duly elected and qualified
Article NII.-Whenever this corporation is
dissolved either by limitation or otherwise
its affairs shall be liquidated by three liqui
after meeting convened for that purpose
shall have been called.
Article lN.-ThIs act of incorporation may
be changed, altered, or amended, or said cor
| stock increased, as provided for by the laws
OF this state, after general meeting of the
| stockholders shall have been called, after
| fifteen days previous notice thereof given.
Article Mo stockholder shall ever be
held liable or responsible for the contract
| II said corporation, for any further sum than
! he unpaid balance due upon the shares OF
! stock subscribed for, or owned by him, MOI
| shall any informality in organization have
| the effect OF rendering this charter null OF
| IF exposing a stakeholder 10 any liability
4 beyond the amount OF subscription to the
stock.
| The subscribers hereto have given opposite
! heir respective names. the amount of stoci
| n this corporation subscribed for by each
| II them, 500 shares OF the capital stock OF
| his corporation subscribed for by the sub
| Scrbers hereto have been subscribed, anC
| certificates of ull-paid and non-assessablt
| stock shall be issued 10 said subscribers il
| consideration Of the conveyance and transfer
| 20 this company OF the property and rights
| more fully described and appraised by tn,
| directors named in this charter, in the ex
| hibit hereto annexed, made part hereof, anc
| read IN connection herewith.
| Thus done and passed, this day Of March
| l9H in the presence of Gerald Meter anC
u. A. Woodville, competent witnesses o.
| lawful age and both of this city, who here
| unto sign their names with the said appear
| ers and me, notary, on the day and date
| aforesaid.
Names Of Subscribers Omitted
| Witnesses: Gerald Meter, J. A. Woodville
ARTHUR B. LEOPOLD, Notary Public
| |, the ersigned recorder OF mortgages
| in and for the parish of Orleans, State o.
| Louisiana, do hereby certify that the char.
| ter Of West New Orleans Light and Traction
Company was this day duly recorded in my
| office in book 1906, folio -
New Orleans, March o. 1917
(Signed) EMILE J. LEONARD, by. R.
A true copy.
ARTHUR B. LEOPOLD. Not. Pub.
march % april y 70 % may