The herald., 1918-10-03
CHARTERS

directors then in office shall remain IN office
until their successors are elected and quail
| ty. The board shall elect from their mum.
( Der President and 4 secretary treasurer
provided that the Board may dispense with
any OF said offices, or may combine any
Of them, may elect such other officers lNhu
need not be members Of the Board, OF stock
hOldcrS) they think proper or cUUyruIUu;
ness, and they shall fix the salaries of all
officers, agents and employees At any
meeting OF the Board OF Directors any d.
rector absent from the meeting may be rep
resented by any other director, who may
cast the vote OF the absent director accord
ing to the written instructions. either gen
Cral or special Of said absent director. The
Board OF Directors shall have authority to
make and establish, as well as alter and
amend, all bylaws, rules and regulations
necessary and proper for the support and man
agement Of the business and affairs OF the
corporation and not inconsistent with TIN
charter; and they shall have power to au-
thOrize the borrowing Of money and the is
SuauCe OF notes and the execution Of mort.
cages and pledges, and generally 10 do all
things necessary or convenient for the proper
carrying on Of the business Of the corporation.
Until the general meeting Of stockholders
tor election OF directors to be held on the
second Monday Of July, 1912 or until their
duly qualified successors are elected and IN
stalled, the Board OF Directors shall be com
posed Of: Terence Smith, 7. O. Address,
~ NaihllNttCl street. New orleans. La. W a.
liam ). Smith, =. O. Address. 81 Caronde-
let Street, New Orleans, La; and Leon ]
Nerges, 7. o. Address, $50 Gravicr Street.
New Orleans, La. OF these, Terence Smith
shall be President and William 5 Smith,
ARTICLE NI-This act OF Incorporation
may be changed, modified or amended or
the corporation dissolved. by vote OF two
thirds OF the entire capital stock present
or represented at a general meeting OF the
led for rrs1,
previous notice shall have been given nm
the manner above required to be given OF the
annual meeting of the corporation.
ARTICLE Wifi this corporation shall
be dissolved. either by limitation or from
any other cause, its affairs shall he lqui-
dated by three commits sioners to be appoint
ed at the meeting of stockholders convened
for the purpose Of liquidation, and 10 be
elected by the vote Of all the stockholders
voting upon a parity. Said liquidatorS shall
remain in office until the affairs Of the
corporation shall have been fully settled and
liquidated, and they shall have full power
and authority To transfer and give title 70
all the property and assets OF the corpora
tion and TO distribute the proceeds. In case
OF death. disability or resignation of one or
more liquidatorS, the vacancy shall be filled
by the survivor survivors
ARTICLE NlIl.-No stakeholder shall ever
be held liable or responsible for the con
tracts or faults OF said corporation in any
further sum than the unpaid balance due
on the shares of stock owned by him, nor
shall any mere informality in organization
have the effect OF rendering this charter null
or OF exposing any stakeholder TO any LA
bIllty beyond the amount due on his stock
In order that this charter may serve as the
original subscription list. the subscribers
hereto have indicated opposite their respective
signatures the number Of shares of stock sub
scribed for by each of them There is
annexed hereto, to be read in connection
herewith, an accurate, detailed and itemized
description, giving amount, location extent
character and state Of Improvement together
with statement Of values as appraised by
the directors, Of certain property to be cor
veyed to the corporation in satisfaction Of
certain subscriptions 10 its capital stock
Thus done and passed at my office at New
Orleans. Louisiana, on the day. month and
year herein first above written. in the pres
ence OF Frank Starks and Marion Newman.
competent witnesses, who have hereunto sub
scrIbed their names together with me. No.
tary, and the said apeparers. after due read
ing OF the whole. Witnesses: Frank Starks.
Marion Newman. Original SignedD-Names
omitted. WATTS X. LEVERICH, Notary
|, the undersigned, Recorder of Mortgages.
IN and for the Parish of Orleans. State of
Louisiana, do hereby certify that the Act
OF Incorporation of the Putnam x Norman
Inc, was this day duly recorded in my Of,
flee. in Book 1922, folio - New Orleans
Sept, 1918. tSigned) EMILE J. LEONARD.
by. Rec.
A true copy. WATTS X. LEVERICH, No.
tary Public
Oct. 3l0l7-24-3l, Nov. T.