The herald. [volume] (New Orleans, La.) 1905-1953, 1917-06-07

Sand NsS,eOul collars, dlvlecd Into sfe huh-
dred share. Of the par value Of fifty dollars
each. All shares Of stock shall be full paid
and non-assessable. No transfer OF stock
shan be binding upon the corporation IN
cafes OF stock shall be signed by such ofi.
GERS as may be designated by the board of
directors.
This corporation shall have the right to
rCrease It's capital stock TO the further sum
OF one hundred thousand dollars, 70 be d.
vided into shares of nifty dollars each, pro
vided said increase in the capital stock
shall have bee authorized BY The stock
holders ~ a meeting 20 be held pursuant
TO the provisions Of Article OF this char
ter.
Article v.-All the corporate powers Of
the company shall be vested IN. and the
manage1rnn; and control OF rs affairs shall
be exercised BY a board Of directors com
posed Dt three stockholders, the members Oi
which may be increased % 4 number not
exceeding niue by the board Of directors ~
any Of its regular meet.rg,. A majority o.
the directors shall constitute = quorum :0-
he transaction Of all business. The dI-ec-
tors shall te elected annually by ballot on
he fifteenth day OF February IN each wear.
Zach s'ockI3,icr shall be emitted IN person
NJ ~ proxy, = a vote for every share owned
by him. and all elections shall be held under
such rules and regulations as may be de.
,erm.ued bv the board OF directors. after
fifteen days notice by mail OF such elc-
ton shall have been sent to each stock
! holder at MS las; known address. The dIrec-
Tor one year or unit! their successors shall
have ben daily elected and qualified. No fail
Irc % eleC. shall oc regarded as a io-;e,.
,u-e OF this cha-:c-. A~y vacancy occur
remaining directors for The uneNg5-ei term 4.
the said board shall likewise elect the aiiI-
tto"a! members III case they should der
mine 10 increase the number 81 tl!l board
sad board 81 directors shall. a; rs hr>.
meeting after It's election, nominate out o.
It's number president and vice pres dent.
and secretary and treasurer. SAID hoa.d
shall have the r,Ehl 10 appoi1: and d Sm. $
sch clerks, managers and other employees
u the corporation As conditions may justify
or the business Of the corporation may re
onsre. The tenure Of office OF all the en-
ployecs Of the corporation shall be during
the pleasure Of the board Of directors. ANY
u the directors or officers shall have the
r!ga; 20 appoint, by written instrument, an
other director or s,ockholde- 10 act az his
proxy. and IN his stead at any and all
meetings Of the board Of directors
Artc.e VI No stakeholder shall ever be
held liable or responsible Tor the contracts.
| iaI..s Or deb,s OF SAID corporation, nor shall
any mere lnformalIty IN rs organization
have the effect OF rendering this charter
null. or Of exposing any stakeholder - any
Liability beyond the unpaid balance due on
The rs owned by him.
Artle VII.-This &C; Of Incorporation NAV
hr cV1gcd. modified or altered, or ihIs cor
po-a.sn may be dissolved, with the assent
i the stockholders owning two-thirds of all
u.
meeting convened for tina: purpose, and after
a. least ten days written notice OF this
meeting has been given through mail al.
dressed TO each stockholdcr, al his last
known place Of RESI- dence. In case OF disso-
luton, by the expiration Of this charter
or otherwise, the stockholders shall elec;
three liqulda;ors from among their number,
10 hqudate and settle the business and az
disability Of any one Of said commits sioners
or llqu!dators, the survivors or remaining
llqulda,OrS shall appoint successor 10 him.
The sais hquida;ors shall have full power 10
settle SAID oomPany's debts, and divide the
remalning money and property among the
stockholders. They shall also have power
70 NEE; and &C; under the bylaws OF the
corporation and under regulations 20 be made
price and prescribe the terms OF sale Of said
property, and the manner IN which the sale
shall BE made, and 10 take notes and bonds
secured by mortgage or otherwise, for part Of
property, provided, however, that the rights
herein conferred upon the liqulda,ors nav
be modified, changed or denied by a ma
lority OF the shares OF the capital stock OF
the corporation. The said ,lquidato-s shall
have authority TO sue for and recover the
debts and property IN the name OF The cor
po-ation, and may be sued by the same name,
and they shall be liable in solid) 10 any
creditor or stockhoder for the monies and
property Of the corporation which shall come
'nto their hands or possession as llquidators
ana ior me proper application and dlsiro
| ton thereof.
Article VTII-James l. Do-mon. 1882 ST
Mary S.. New Orleans, La. has subscribed
! to twenty Ave shares; D. Gallery. l22S Race
| twenty-sx shares: s V Johnston, 2lOs
| Palmer Ave. New Orleans. La, 10 one share.
Article lN-Until the election 10 be held
on the fifteenth day of February. 1913 the
| following shall constitute the FIRST board
! Of directors, viz, James L. Dornon, D. CAT
! te-y, ). '. Edmis:on.
Thus done and passed al my notarial Of
| ace. in the city Of New Orleans, La, on the
| day, month and year herein first above writ
| ten, IN the presence OF August II. Ritter and
| benjamin Morasca, competent witnesses who
| le-euntO sign their names together with the
| said appears and me, notary, after due read
ing Of the whole.
| Original Signed: James l. Dormon.
| twenty five shares; 5. v Edms;on, one share
! DonelsOn Gallery, twenty-sIx shares.
| Witnesses: A. H. Ritter, Benjamin Mo
| rascs.
J. NJ QUINTERO. 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
st. Mary Farm Association, Inc, was this
| day duly recorded in my Office, in Book 1906,
New Orleans. April u. 1917.
! Signed EMILE J. LEONARD, D. R.
I'm. QUINTERO, Notary Public.
may 10 II a 81 iune