The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-05
CHARTERS

t'' ,"eut OF otbe- urn Or
W.. T.riered TO ' this Proper p5opera. W,
Iae ,apita! stock 80 .CoFpOrato,
Ia..-aa4 .s5,I 70 The sun Of '' Tpcr,a.
.a...a.rls ", 100 IN 10 Dollas, slr
...,.-.......- ing OF the So. OF al
charter ..l may witaou, ..MnNfata,
49,. .--.I' WHO are be hon Of ID y
...- -",. y mat end, iss 1s'eoy vs,..
g.. stock, without Ton In.
80. 80 =. ''..aal not 10 voting ~
.'..'. I'.t.r. Such prsGsed seven ~
.''.-l .a whole or rp, s.e stSs p
. '... .. same voting no, Hon In. =
provided Tor commars power
'.~' --' o. the holder, '' Ss' PNrl5.; 8
STOCK 5i he corporst,nS Of The S
aa.,a a5,.ce ice sol o. Preferred st SSs i
.ss DID,. Inc so Seat 70 tn. Bos,S q
have s4.a p-c II. Por9tion sisnlf,
.ps,e-. lie 'J lsi5I stock svs, S's
A.- exceed One HunJS. Of such ss,NSI
S s..'. . .- Any preferred s stoaJlnda.pt !
ZION - .aa .,g' 5d, to the stocfhslsi... '
-. certificates OF Size, al
,'... i-Ay sal!. be sig1 80 Issued
u. - d Elee-Preside5t ot y tie b. ii
I r..-.. sued by the Secr.'uls C0apa,S
49, -..N u tIis corpor,,.iy or m 9
erred 'n the books az , -. eau 'SS'
and subject TO such "a. .ae eopOr,s,. =
..-A..-.-7 - ~ay be. bv situations =.
'5.a .-.H UMe 10 Tine 'ae Boara a
ARTICLE yI.-Au s s,'S'l'sd
, ,.'.' 90 '.I",i,n, including a. pss,
SIC g.ei-..yI s.ock as ss,. me Pose
D. vested IA and exerr'ssHe ,PT0uist
directors composed OF iorS "
-Mo u. "-'m snail constltrrs ''oSkaoIdst
i'.'e-''.s may vote in Derso. Glsrsa \
--. i'.As a. any mee,;nS o. Nt
"ne-AsE regular or special OF Dlss
+, NM. .. man DC entitled on silas
go. 80 s.!lI. be elected annnsllI O0ait D
- -ii.-.'slly u November !, @ !,
- 80. ~-.e hereof. The first p sas 3
EN'I'' o! ms corporation sS,nO oa't
VI II. l. f4lk, President; 7 % e aeHs
9IIS.i.I'4,y' Nm. Mason Sm;A 'aIloa L
ug'''' n. r. Farrell, Tre,s.,i,. 'E,hs
ttrsI named directors bs;na lie ;
lass \ Stockholders as 1e saas
named named ye1ng the choice of - ne To-
IAe aforesaid Director,
once until the second ThursSsall Alt !,
, Der ~, or until their snc.s.y Of ka-
60 aAd qualified. All eler,;on'is az ss
sAa'! be by ballot al the OH. q Drso
/ tiJH and under the sunsr,;. se he nrr,
-. ..ge''Is or their appOintee, &c u
-No,lee Of meetings o fstocLSola.-
i ioa ca. oIHerwise provided, or AZ rsa az
.l". snAi' consist Of fifteen A." s.aS
writing by mail to each storLS SsI Ntc
Itst known address as appears 1o'ar i
OF the corporation. Railur. - "a he ID
address snail permit noiic. %s'sSls
General Delivery in the Civ AZ N VI !
Zach siockholder at such - Nts Gau
meeting general or special s5.T T' L
10 one vote for each shar. ~ " s'a-
/ provided, however, as ber.;S,ksO 's sr,
any set out that the stockboiS.,t. pa
stock shall have the r;vh, ~ y u
Two Directors without intrri,,;s. .ea "
right OF stockholders of Cl,ss 3 .e ;
two Directors, and the stocth,la. x
y stock shall have the righ, "a ~. =.
directors without interfering with \. =
~ 1:- s.ochhoiders Of Class "A" % 49,
should a vacancy occur in N. n
DIRECTORS, the same shall be fill.d i, D..N
iEent by the remaining Director ..' ~
me same class of stock as he Di,,s, 49,. I
Once becomes vacant; in e,,, - ,-s
torshlps Of either class shall 49, ~
me vaCtncIes shall be filled Nv $50
the holders OF the same cla,, =, 80 J
originally elected the directors -. =
fIces have become vacant
falIure to elect Directors on "A, Al, -
ned snail not dissolve the eorpo,,S,, = 9
the Directors shall remain IN oii,. =. :
their successors are elected and s.,ix.I
The Board Of Directors al Their ~ ,A'-
ing following each annual elertio, .I.r Il
i JAeir number elect a President, a VcsA.,
uent' secretary and Treasurer
The Board Of Directors is hr,b, an.
power TO make, establish, alter M ~, ~
bylaws, rules and regulations not -
tent with the charter Of the corporate, !
snail have power and authority thrDu,s -
agents as 1t may determine % born. -
create liens, execute mortgages. ~,
bonds and other obligations in such r.
upon such terms and conditions and !, =
manner and form as said Board M, 3.
mine.
ARTICLE VII.-Section l.-Whe,,,r /,
corporation shall be dissolved or Esrh,
It's affairs shall be liqudated by m n
dators, one elected by the, holders a d
A stock and one elected BY u. Mn
OF Class B" stock, elected al A r,..
meeting Of stockholders convened 81 3
purpose, or at a regular annual nesiis, {
either class of stock fails or refuses b IL
a liquidator, the other class nay .lss II
Iquldators. This corporation nay h
undated at any time upon a vote d "
thirds of the outstanding stock to IA
feet: This corporation further nay 4
quidated upon the vote Of all the hSlirs I
either Class "A" or Class "B" stock rvk
such stockholders shall give written I'm
to the Board of Directors at least IN
days prior to the date Of the annual a.
ing of stockholders that it is the dssIR \
intention OF all holders Of either Class 4
or Class "B" stock to cause a liquieIh9
the affairs of the corporation.
Section 2. In the event that said -
datiOn takes place either BY In
of two.thirds Of the outstanding "a
or by vote OF all Of Class "a Or 4 :
Class "B" stock as aforesaid, il Is pal
cally herein provided and agreed hl :
real property owned by said cofpofiiloa q
be sold and disposed of in the blsFz
manner, to-wit:
There shall be advertised in Only tx
Of general circulation in the CITY ~
Orleans at least twice a week tor ny
days, and in a daily paper Of s,ntnl 2
culation in the City Of New fcfk q g
twice a week for thirty days, the sale ,
real estate and Improvements Of SAD
poration. Such advertisements shall ~
sealed cash bids subject to any ouisisat
mortgage on the property to be saa
sent to the President Of the corpofstioa ~
sealed bids shall after having been r;n y,
by the President and after expiration :.
thirty days. be opened BY the Presses :
meeting of the Board OF DiredsD -.
by him for that purpose and sad pT.5
shall be disposed Of to the msnea
bidder subject to outstanding motsag's y
provided 1t is the intention ana ~
of the incorporators to provide ne.y !,
method of the sale and disposition -
real estate holdings of the eO?or'li'sa a. :, |.
out the necessity Of public SAFE " 80
further proceedings than as herein F w.,
The liquidators appointed BY tE
tion shall have full power amer t "a n ~
real estate and improvements ~. =.
been made, as above indicated, -
the proceeds and to liquidste a., o.. 4,
standing interests Of the eorpofstion "a
tribute the same. In the evsst q !. ~ =
disability or resignation Of sitssf =. I = :
liquidators the holders Of Class :
Glass "B" stock shall fill the v,s'Z an. .
pending on whether the liquida'@r us sxi
pointed by Class "a" or Class -
and upon failure or refusal 50 % % - II .
liquidator may act with Ike posu G,rh
thority as was vested in the wv
tors. ,....,,,.tf
ARTICLE VIII.-This act Of ny I. y
can he uodified. altered or amcnoe' -