The herald., 1918-05-02
CHARTER

,,rn as soon as S5OO.O0OOO Of its capita
took Is subscribed and paid for. Ih'
! laIance OF the authorized capital stock re
| naming in the Treasury OF the corpora
ion may be issued at not less than pa
rom time TO time as the Board of Dlrec-
| .Drs may determine.
The shares OF stock shall be transfer
Die only on the books OF the corporation
| and no trousfer OF stock shall be binding
u h8y. any effect on this corporation
snl->s and until made upon it, books.
. The capital stock Of this corporation
may be increased up 10 an amount OF 81
100000 by vote OF two-thirds OF an OF
rb- outstanding stock 1t a meeting OF the
| stockholders called for that purpose IN
the same manner a. provided for the
meeting 10 elect Directors.
Article E-Ali Of the corporate powers
Of said corporation SHAH Dc vested IN anu
exercised hy a Board % Directors com
posed Of not less than three nor more
than five stockholders. said directors
| shall be elected annually on the third
general stockholders meeting. except the
Grsr Board. appointed in this thaTter,
who shall hold their Offices until the third
Monday in January, 1919.
All such elections shall be held by bal
lot and conducted At the Office Of the cor
pOratiOn. Notice OF such meeting and OF
an other stockholders meetings shall be
given in the manner prescribed by law.
and when not so prescribed. then Write IA
notice Of such meetings shall be deposit
ed. at least fifteen llJJ days prior 10 the
Of the City of New orleans, addressed 10
each stakeholder at his last known resi-
drnce or place Of business.
At all such elections and at all corpor-
ate meetings every stakeholder shall be
entitled 10 one % vote for each share OF
stock standing in his name on the books
Of the Corporation. 10 be cast by him in
person or by his written proxy, and a
majority OF the votes cast shall elect.
| Any vacancy occurring among the direc-
tors by death, resignation or otherwise.
shall be hlled by election for the uneN-
pired term by the remaining directors.
| \ failure TO elect directors on the day
above specified shall not dissolve the cor
pOration nor impair its corporate exist
enCe or management, but the directors
then in Office shall remain in office until
their successors are elected and qualified.
The Board Of Directors shall elect a
President, and one or more, not TO eX-
coed four Nice-PresidentS, and a Secre-
tary- Treasurer. The President and Vice
Presidents shall be stockholders and Di-
rectors OF the Corporation, but the Secre-
, tary Treasurer may or may not be Di-
of the Board Of Directors. The number
of Directors shall be determined by the
stockholders at each annual meeting, and
the number of Vice Presidents shall be
determined each year by the Board of Di-
rectors.
: The Board Of Directors shall have pow
er and authority to appoint such agents
. managers. officers and other employees
necessary in their judgment to conduct
the business Of the Corporation, and 10
: give to such agents, managers. officers
{ and other employees such authority as
they may deem necessary for the purposes
and business of the corporation. The Board
shall have the power to nix the compensa'
tons and define the duties of every officer
officers and other employees who shall
: hold office and employment ct the pleas
/. ure Of said Board.
The Board may make and establish, a:
well as alter and amend, any and all by.
I laws, rules and regulations necessary and
, proper in its judgment for the conduct
{ support and management of the bushes:
! and affairs of said corporation. At al
7 meetings of the Board of Directors each
director shall have the right to appoint &
proxy TO act in his place and stead. th'
person so appointed need not be a Direc
tor but must be a stakeholder.
Il The Board shall have full power and
authority to borrow money, execute mort
cages and create liens; to issue bonds
the same by mortgage, pledge or other
" wise; and, generally to do any and al
things reasonable, convenient and neces
. sary for the proper carrying on OF th'
business and affairs Of said corporation.
The first Board Of Directors shall b.
!, composed of Anthony Wizard, Walter Il
and Anthony Wizard, Jr:, whose present
addresses are set opposite their respec
!. tive names TO the subscription to the cap
= Ital stock of this corporation. The Boart
the officers of this Corporation, in accord
). with the terms of this Charter.
Article VI.-Wheneyer this corporation
shall be dissolved, either by limitation OIL
from any other cause its affairs shall b,
liQuidated by three commissioners to b
appointed from amongst the stockholders
y at a general meeting Of the stockhoider'
convened for such purpose: two-thirds In
amount Of the capital stock Of said cor
: poration represented at said meeting shall
be requisite to elect. Said commissioner:
- Hns- n
said corporation shall have been fully Ii
, quidated. In case of the death Of one oil
: more Of the commissioners, the vacancy
= or vacancies shall be flled by election BY
! the surviving commissioners. Said com
! missioners shall have all powers con
: ferred upon them by law or by the stock
holders at such meeting, IL not inconsist
!, Article VII.-This act Of incorporation
may be changed. modified or amended oil
the capital stock Of the corporation may
be increased or decreased, or said corpor
{ Article VIII-No stockholders shall ev
e er be held liable or responsible for tbs
= contracts, faults, or debts Of said corpor
: alton in any further ssm than the unpaid
balance due the corporation on the shares
1 of stock owned by him nor shall mere in
J. formality in organization have the enec
!, Of rendering this charter null or Of ex
r posing a stakeholder to any liability be
o yond the unpaid amount, IL any remain
q ing, due on his stock.
Article IX.-In order that the charte
/ may serve as the original subscription
u list Of this corporation the subscriber
hereto have written opposite their names
and addresses the amount Of the subscrip
$ ton to the stock made by each, to-wit:
II Anthony Wizard, 1923 Nashville Avenue
: New Orleans, La, 2499 shares; Anthony
: Wizard. Jr., Lake Charles, La, ! share
e W. B. Chilean. Trustee. al Walnut 81.
, New Orleans, La. 2496 shares; W. b. Gil
0 lican, AL Walnut Street, New Orleans
d La. / share; ]. A. Taylor, 1917 Henr!
! Clay Avenue. New Orleans, La, i share
; Buckner Chipley, $40 Broadway, New or
u leans La, ] share; W. A Hood, Lax
:. Charles, La, 1 share
d Thus done and passed, in my Office. a
q the City of New Orleans, on the day
q month and year herein first above writ
3 ten In the presence of ]. +. Pierson ant
ELF B. Roth, competent witnesses, VIII
/, hereunto sign their names with the salt
o appearers and me, Notary. after reading
$ Of the whole.
Original signed)
witnesses: J. F. Pierson, F. B. Roth.
A Wizard, 132S Nashville Ave. New Or
: leans, 2499 shares; Anthony wizard IT.
J. Lake Charles. La, 1 share; W. b. Gill
n Il. Chilean, Trustee, AL Walnut St, y
!. To-. 2i96 shares: Buckner Chipley, %
u Broadway. n. o., 1 share; J.. A: Taylor
3 1917 Henry Clay Ave-, n. o., 1 share; W
q Allen Hood, Lake Charles, La, by BUCK
ner Chipley, share.
CHAS. 1. DENECHAUD, Not Pub
8 I, the undersigned, Recorder OF Mort
q cages. in and for the Parish Of Orleans
State Of Louisiana, do hereby certify tina