The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-13

entire capital stock, at a general meeting
of the stockholders convened for such pur-
pose, after notice shall have been given
as provided in Article vi of this charter
made in reference to the capital stock
shall be made in accordance with the laws
Of the State of Louisiana regulating or
providing for such change.
Article IX.-whenever said corporation
may be dissolved, whether by limitation
or otherwise, its business and affairs shall
be liquidated by three liquidators, to be
chosen by the stockholders at general
meeting convened for such purpose; at
which meeting each stakeholder shall be
entitled to vote according to his holdings,
and of which meeting notice shall be given
to the stockholders as provided in Article
vi of this charter; and the votes of the
owners of a majority in amount of the
capital stock Of said corporation repre-
scented at such meeting shall be requisite
to elect.
Said uquidators shall act as receivers
and remain in office until the affairs of
said corporation shall have been fully Ii
1uidated; and, in case of death or disabil-
| ity or any one of said liquidators. the re-
naming liquidators shall appoint sue
cessor to such liquidator.
! Said liduidators shall act either with or
| without court proceedings, as they may
see fit, and are hereby given full power to
collect all amounts due the corporation,
| sell or otherwise dispose of its assets, pay
1
and settle all disputed questions and mat.
| tiers and they shall act as receivers, and
| shall have, exercise and enjoy all the
rights, powers, privileges and compensa,,
| ton conferred by law upon receivers, and
especially those conferred by Act 26I OF
1914 of the General Assembly of LOuisi-
ana and are also given all other powers
necessary and usual to fully and hnally
I ness and affairs of the corporation, and
| distribute its net assets or funds among
its stockholders; provided, however. thai
the rights herein conferred upon the IL
ouidating commissioners may be modified
| changed or denied by the owners OF a ma
jority of the shares Of the capital stoci
| of the corporation il such change is made
prior to the actual appointment OF liquid
ating commissioners The said liquidat
ing commissioners shall be held liable
in solid0, to any creditor or stocknoldel
for the moneys and property of the cor
poration which shall come to their hands
or possession as lquidators, and for thu
proper application and distribution there
Article X.-The undersigned, whose re
spective post Office addresses are given be
number of shares of stock set Opposite
their names, as follows:
r. III, McWilliams, Memphis, Tennessee
1898 shares; A w. Fisher, Jr., Memphis
Tennessee, 1 share; X. III. Burchell, New
Orleans, Louisiana, l share.
| the Following nameu stOckhoiuers snai
constitute the Board until the first cleo
ton and shall also be three members o
said Board when election is made AM
shall hold office until the third Tuesda.
in May, 1919, and until their successor
are elected and qualified, viz:
r. II. McWilliams, Memphis, Tennessee
A. W. Fisher, Jr., Memphis, Tennessee
and r. II. Burchell, New Orleans, Louis
lana.
The officers shall be elected at the frs
meeting of the Board after election of tn
latter, and shall hold office until the thlr'
Tuesday in May, 1919, and until their sue
cessors have been elected and qualihed.
Thus done and passed, in my office,
New Orleans, Louisiana, on the day, mont
and year herein first above written, In IN
! presence of Messrs. Charles Carroll an
AZzo J. Plough, competent witnesses, WI
have signed their names with the sal
parties and me, Notary, after due readin
of the whole.
Original signed).
r. ii. Mcwilliams, A. W. Fisher, Jr.; I
witnesses: Charles Carroll, Azzo !
tsigned) HENRY G. MCCALL, Not. Pull
the undersigned Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana, do hereby certify this
the above and foregoing act OF incorpors
ton of the McWilliams Southern Drede
ling Company, Inc, was this day duly n
, corded in my office in Book 1222, Foil
! New Orleans, May 10th, 1918.
(signed) EMILE J. LEONARD, by. !
: hereby certify the above and foregt
ing to be a true and correct copy or u
original act Of record and on file In m
Office.
tsisned) HENRY G. MCCALL, Not. Pul
} May 1880 Jun e-1S-2o-T