The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-06
CHARTERS.

| CHARTERS.
pointed by the Board of Directors, and
! in the absence of any commissioner, the
| President shall have power to fill the
place by appointment and of all SUCH
elections, as well as of all meetings OF
| stockholders except for the purpose of
| liquidation or dissolution, or as other
wise required by law, ten U0) days
notice shall be given by mailing to each
StOCkhOlder who appears as such on the
books of the corporation, at his last
designated address. or at the general
delivery at New Orleans, if he has not
designated an address, an announcement
stating the time and place of the meet
ing. Each shareholder shall be entitled
to one vote for each share of stock
standing in his name on the books or
the company, to be cast in person or by
proxy, and ma jority of the vote east
shall elect The Board Of Directors shall
have power to fill all vacancies that
may occur in the Board. Failure to
elect directors on the day above specl-
fled shall not dissolve the corporation,
but the directors then in office shall re-
main in office until their successors are
elected and qualified Due notice of an
other election shall forthwith be given.
as above provided. Such notice of cleo
tiOn shall be continued to be given until
an election is held. The Board of bl-
reCtorS at their first meeting following
each annual election shall elect from
their number a President. a Nice-PreS-
ideut and a Secretary-TreaSurer, and
such other officers the Board of Dt-
rectOrS shall deem necessary. The
Board shall have power, in its dis
erection, TO unite two or more offices. and
the same to confer upon one person, and
shall have power 10 fix the salaries or
all officers and all such other officers
and employees as they deem necessary.
The Board of Directors shall have power
to make and establish, as well as alter
and aemnd. all bylaws, rules and regu-
latiOnS necessary and proper for the
support and management of the bust
ness and affairs of said Corporation, not
inconsistent with its charter. Said
Board shall also have full power and
authority TO borrow money, and through
the President or some other duly au-
thorized agent or agents to execute
mortgages, issue notes. bonds or other
obligations, in such amount and on Such
terms as in their judgment may be ad-
vantageous; and generally to do all
things reasonably necessary for the
proper carrying on of the business of
this Corporation, as also to issue and
deliver full-paid shares of stock and
bonds or obligations of this Corporation.
in payment of money borrowed, or
money, labor or services, and property
or rights actually received by this cor
poration, as heretofore set forth; and
shall have power to do all such acts
and things as may be necessary to carry
out the objects and purposes for which
this corporation is organized
A majority of the directors shall con-
Stitute a quorum for the transaction of
any business. At any meeting of the
board any director absent from the
meeting may be represented by any
other director. who may cast the vote of
said absent director, according to the
written instructions of said absent di-
rector. The Board of Directors, shall
have the power. by vote of not less than
a majority thereof, to SELL lease, mort
gage, by bond mortgage or otherwise. or
to pledge. any and all of the property,
movable or immovable. belonging to the
corporation, or to receive in exchange
therefor, money or stocks or bonds or
other obligations of another corporation,
without referring to the shareholders
for the power to do so; and they may
also purchase for stock in this corpora
tion or for cash or on credit. property
of any kind required for any of the
purposes of this corporation, without
authority of the shareholders.
Until the next general meeting to be
held under this charter on the Second
Monday in April, 1919, or until their
installed, the Board of Directors shall
be composed of Joseph Kruebbe, New
Orleans, La; Jefferson ID. Burnett, New
Orleans La; Ernest pionne; New Or
leans La, with Joseph Kruebbe as pres
ident, with Jefferson ID. Burnett as vice.
president and Ernest Dionne as secre-
" ARTICLE VII.
This charter may be amended. and the
capital stock of this corporation may
be increased or decreased, or this cor
poration may be dissolved in the method
and manner provided by law.
ARTICLE VIII.
No tockhOlder of this corporation
shall ever be held liable or responsible
for the contracts or faults of this cor
poration in any further sum than the
unpaid balance on the stock for which
he has subscribed, nor shall any mere
informality in organization have the eff
feet of rendering this chatter null or of
exposing stakeholder to any liability
than as above provided.
ARTICLE TX.
No stakeholder may sell, assign or
transfer his stock in this corporation
without giving to the company, through
its secretary. thirty 600 days prior
the other stockholders shall have the
first privilege of purchasing the said
stock at the book value thereof for a
period of thirty days from said notice:
after the expiration of which time said
stock may be sold in the open market.
Thus done and passed in my office at
the day. month and year first above
written, in the present of Samuel Man
fire and Eliza Pickett, competent wit
nesses, who hereunto sign their names
after the reading of the whole.
Original signedl: Samuel Manfre.
Eliza Pickett. J. L. Wise: shares; J. III
all above by Ernest Dionne.: Joseph H.
Kruebbe, 25 shares; Jefferson d. Bur-
nett, 20 shares; Ernest Dionne. Is
shares. OSCAR SCHREIBER.
Notary Public. |
/, the undersigned Recorder of Mort
cages, in and for the Parish of Orleans,
State of Louisiana, do hereby certify
that the above and foregoing Act of In
corporation of the Liberty Sand and
Gravel Company, Inc, was this day |
duly recorded in my office in Book 1919. |
folio
New Orleans. La, April rs, 1918.
(Signed): Emile J. Leonard. d. r.
1 hereby certify that the above and |
foregoing is a true and correct copy of
the original on file in my current nota- |
rial register. OSCAR SCHREIBER,
Notary Public. |