The herald., 1918-08-08
CHARTERS

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al. ne s,oct .'- I. b
.a. ....., --. Purpose, >, ~
..-. I'D without s-,.--'3ea',
'"a' are be- ,.ja Of Il
......... .'-l, issue r., 'ss
49,. %. = ~itaoa, y W. Ia,
Such preferT,sIi ',',i :
49,. %-9.e or par, I'D 50 ''aSt 5
.-a a.8 .- 9th, ling Power !, =;
" Inc holders .; ,P0tds
-''p2rat.oa az ~ ,s "a
.'-... Issues u p-eisrr.Si as tie
'-.. -.. ....-e sen; 10 n. sad
. ,H- corporation - beard
Preferred s,o,, saiiy n
power. lie total issrs :, gVea ~
..- '.-.-t One Hundfssp p r ssa y,
..'.. '.., ez-cp; BIZ taoesaa
..+'..E- Aay preferred s,lns;adse,, :
.c i1s. offered % The s.s s'9Sk % In.
;.ya 80 their ao.diags ''O'kaoldsa
Al certificates Of ,,..
company shall. be signed Hiass
-- - '.-c-PTesideEt ~ y hs
..'... -. -.s-r4 ~ the Ses-..,.1s Issss
I-- s.s.A 20; .l.s cor,,5r,,''ai! OF l,.
.~;.a- .. .a- book, NJ $50 a.'0a ca
ana subject 10 such TesuI.,ippo''
...1..-..5 u.s. may be, by he R.i q
tbs H." a-e 10 time pr res S..;t !,
ARTICLE NI.-Au ro,. 'ea
s-.a operation, inc!ud,ng N Kss
s-- preferred stock a, NE l9S=
~ vested III and exercised bE'na
b'.--,-.s composed OF iour ,, y
,"- p. N-aA SHALL cous,.t,ys ''''Aa':a
D''e--,.s may vote in Ders,. ia.r2
zen Proxy 81 any mee,i1s- W.GtSI
=" .'--... regular Or special " b
-lT ".-..cr acting as me-. DI = 81
o,aes"ls- shall BE en6,,sJ N'Uas On
~ '.,'1 ...-. one vote. Tie ~. ~
Il-,''s snail be elected annual. oaes
J-- I..-.'--y Of November /. Z
-i.y' date hereof. The ire e
'e-ilIs -. tHs corporation an 9fi a
u Il. i. Ialk, President. I I 3 %
Secretary; VIM. Mason Sr;s OIs~
dent, Il. /. Farrell, Tr..' .a, 'n6a
icst named directors heinz ~ I
Class y stockholders 49, * ca
l l.-'.tS PEN, 4e."s the choice Of lie a..
The aforesaid Director, ,,,u
Once aa;l the second Thur,S., ~ ~ {
Jtr' ~, Or until their sucr,ss.-. vi
Ell ana qIa.,iIed. All electjoss' !. e g Z
s5a. be by Da..0; al the offics !, y = Na;
ton and under the SUPERVISE. '. :. x 'se|
OF Directors or their appoin,s., = \
Notice ot meetings a fS,o-SS,
herein otherwise provided, OF a ~ =
LAW snail consist OF fifteen A. 't-ls !
writing by mail to each stockSoi,.-z s /
last known address as appe,Ts ~' - & i
OF The corporation. Failure IA ~.
address shall permit notic. !, -ItR d
General Delivery in the Citv a. "
EacA si1ckh5.der al such apss,l q
meeting, general or special sb,T !. =
70 one vote Tor each share Of sri -
| provided, however, as hereirab5v, ~.
ally set out that the stOckbolS,,' ! 8
A stock shall have The risbt a =. =
two Directors without interf,-,, =
right Of stockholders Of Class 4 - 4
two Directors, and the stockholds, =
II stock shall have the rigb, !. -
Directors without interfering VIA 4. L
o. stockholders Of Class A" a - :
| Directors.
Should a vacancy occur in 4, r.,
Directors, the same shall be filles 4, -
ment by the remaining Direc;W ~. n. I.
the same class Of stock as tie D;,,s~ !.
| o1ilce becomes vacant; IN case ~ 4
torships OF either class shall be,o-, =.
the yactncies shall be filled by e. I,
the holders Of the same class q ~ !.
originally elected the directors IN I,
fees have become vacant
Failure to elect Directors on Il. "a, =.
fed shall not dissolve the eorps,ztir
the Directors shall remzin in siir :
their successors are elected and uu,Iss
The Board Of Directors al ,heir IN !.
ing following each annual election III /,
their number elect President a yrt,.
| dent, a Secretary and a Treasuver.
The Board Of Directors is hsssby n
power TO make, establish, alter nd u
bylaws, rules and regulations na m
tent with the charter Of the eorpondn !
shall have power and authority thut I
agents as It may determine to bows n
create liens, execute morigagts IN
bonds and other obligations in SUD M:
upon such terms and conditions sul /, I
manner and form as said Board M =
mine.
ARTICLE VII.-Section L-wlexr
corporation shall be dissolved Or EQz
its affairs shall be liquidaied BY w /,
dators, one elected by the holdes Z y
"A stock and one elected BY h u
of Class "B" stock, elected At 4 *
meeting Of stockholders convened h
purpose, or at a regular annual nt.1z
either class Of stock fails or refuses
a liquidator, the other class nay &c
liquidators. This corporation nay \
quidated at any time upon vOis
thirds OF the outstanding stock % y
feet. This corporation furthef ~ &
| quidated upon the vote OF all ne alir
either Class "A" or Class B" stock ~
such stockholders shall give Sriist :
to the Board Of Directors al css 7
days prior to the date Of the aansi
ing Of stockholders that il is the asa
intention OF all holders Of either ~
or Class "B" stock to cause liqsdn-
the affairs Of the cOrpOrstion- ~,
Section ?. In the event that aH
dation takes place either BY -
of two. thirds of the ouistantlg
OF by vote Of all Of Class a y :
| Class "B" stock as aforesaid. q . 3
.cally herein provided and agreed :.
real property owned by sad cOfPral ~
be sold and disposed OF IN ns ~
manner, tO-wit: -.
There shall be advertised ID : ~
Of general circulation in ~ nv
Orleans at least twice a week y
days, and in a daily paper q is'.
culation in the City OF New io'A
twice a week for thirty days. ne ssE
real estate and Improvements q
poration. Such advertisements ~.
sealed cash bids subject TO an5 ~
mortgage on the property to q -
sent 10 the President Of the corpealN- :,
sealed bids shall after having oes- =
by the President and after sxpIr,nM
thirty days, be opened by ne re- Ds. ,
a meeting Of the Board Of piiea I ;.
by him for that purpose and ~ ~. 4
shall be disposed Of to me - -
bidder subject to outstanding n0' :
provided. II is the intention - ~,
of the incorporators to proyoe -
a method OF the sale and dispos '..'..
real estate holdings Of the COZ !. q
out the necessity Of public sac =,
further proceedings than a. aei'. 4. I,
The liquidators appointed y n 4, I
ton shall have full power are ~
real estate and Improvements !, ~
been made. as above indlsais', n "a
the proceeds and to liquida'e - ~. =
Standing interests of the eorpor.u~
tribute the same. In inc "a
disability or resignation OF Go 60 4
liouidators the holders Of S''s s,,,,-
Glass "B" stock shall MI tns a. Z.
pending on whether the hqs ~. n
pointed by Class "a 0, ei q,
and upon failure or refusal !. ..s,, .
| liquidator may act win liz. h, 4
thority as was vested IN 'n'
/ wi ,. ,-,,r Ia. .>r al ifctF