The herald., 1918-02-07
CHARTERS.

corporation in accordance with the require
mentS OF the law and particularly OF Act
2o7 Of 1914 of the Legislature OF the State
OF Louisiana, hereby value and appraiSe the
right, title and interest of said Thomas b.
Mobley, John I. Clolinger and Edward X.
Braud, IN and TO the contracts aforesaid, at
the OF Ten Thousand Dollars (SlOnOOO
Article Nl.-All the powers of this corpo-
ration shall be vested in and exercised by
Board OF not less than Three 90 nor more
than FIVE 80 Directors, determined in
advance each year by the stockholders at the
annual meeting. Each Director shall be a.
bona hde stakeholder, and shall own at all
times one Cd full paid nOu-pledged share of
stock The first Board OF Directors shall
Thomas B. Mobley, 755 Union St. New
Orleans, La, John +. Clolingcr, Nicholson.
Miss, Edward X. Braud, Nicholson, Miss.
The first officers Of this corporation, with
their addresses are. as follows:
Thomas b. Mobley, 735 Union S., New
Orleans as President; John T. Clolinger,
Nicholson, Mississippi, as Nlce.presdent;
Edward r. Braud, Nicholson, Mississippi,
as Secretary-Treasurer.
The above Board of Directors shall hold
office until the first annual meeting the
Second tuesday OF January, 1919, or until
their successors are elected and qualified.
Each succeeding board shall continue 10 hold
Office for one year until their successors
are elected and qualified. The persons to be
hereafter elected directors for subsequent
years sldll sclcNI rom tNGlT own number
President, Vce-President, Secretary Treas
urer. The Board of Directors may combine
any two of the above officers III one and
tn" same person.
On the Second Tuesday OF January of each
year. unless the same should fall on a legal
holiday, then upon the next following Law
day, the stockholders shall elect Board OF
Directors Tor the ensuing year. The election
Of Directors shall be by ballot and the per-
sons receiving the majority OF votes cast
shall be elected. For electing directors or
for any other purpose each share OF stock
shall be entitled TO one vote, whether pres
ent or by proxy, but no fractional share OF
stock shall he entitled to vote. 4 majority
OF the Directors voting at any one time, in
person or by proxy, shall be required 10 pass
any resolutions or adopt any bylaws, and
which, when 50 adopted, shall become valid.
corporate acts. In case Of vacancy on the
Board or among the officers for any cause.
the remaining members OF the Board shall
have the power TO fill the vacancies. The
said Board of Directors shall have the power
to enact such bylaws, rules and regulations
as. in their opinion, may be necessary and
proper for the management, operation and
control OF the business of said corporation.
Article NII-Notce Of all meetings OF
stockholders held for the election of Drec
tors, or for any other purpose, shall be given
in writing by the Secretary and may be
served personally or deposited in the mail
addressed fifteen (l5) days before such meet
ing is held. and directed to each stakeholder
at his last known address. as the same shall
appear upon the books of the corporation,
unless said notice is waived in writing by
all of the stockholders appearing upon the
books At all meetings of stockholders a
majority OF the votes cast shall be sufficient
to elect and decide all questions voted upon,
except for the alteration, amendment or the
dissolution OF the corporation.
Article NIII.-This act OF Incorporation
may be altered. amended, or modified, or the
corporation dissolved by vote of three
fourths in amount of the capital stock rep
IL. l.
holders, called for that purpose after notice
as provided in Article VII of this charter;
and in case Of dissolution of the corporation
the stockholders at such meeting shall elect
three 90 iquidating cOnmi ssioners, who shall
have entire charge of such liquidation, with
authority 10 sell and dispose of the assets
of the corporation and to fill vacancies &C.
curing in their number.
Article IX.-No stakeholder shall ever be
held liable or responsible for the contracts
or faults Of the corporation, in any further
sum than the unpaid balance due the corpo-
ration the shares owned by him, nor shall
any mere infOrmality in organization have
the effect of rendering this charter null, or
of exposing a stakeholder to any liability
beyond the amount of his unpaid stock.
Thus done and passed at my Office in the
year herein first above written in the pres
ence of May Lorio and Gertrude Cowan, COM
petent witnesses who hereunto sign their
names, together with said appearers and me,
(Signed) T. B. Mobley, 735 Union St.,
% l-3 shares. s3333.33 1-3; J. T. Clolinger,
Nicholson. Miss, 80 1-3, shares S3333.33 l-3
E. R. Braud. Nicholson, Miss, 80 l-3 shares,
S3333.33 l-3.
Witnesses: May Lorio. Gertrude Cowan.
HENRY G. BLOCH, Notary Public.
I. the undersigned Recorder of Mortgages.
in and for the Parish of Orleans. State of
Incorporation of the Mobley- Clolinger Lum-
Der Co., Inc, was this day recorded in my
Office in Book 1919. Folio =.
New Orleans. Louisiana, January q. 1918.
(SignedC EMILE ]. LEONARD, by. Recorder
A True Copy
HENRY G. BLOCH, Notary Public
Jan 81 Feb IL q % Mch
CHARTER