The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-30

| entire capital stock at a general meeting
| of the stockholders convened for such pur-
4 pose, after notice shall have been given
as provided in Article VI of this charter
provided that any change proposed OF
made in reference to the capital stock
shall be made in accordance with the laws
of the State of Louisiana regulating OF
providing for such change.
Article IX.-whenever said corporation
may be dissolved, whether by limitation
or otherwise, its business and affairs shall
| be iquidated by three liquidators, to be
chosen by the stockholders at general
meeting convened for such purpose, at
| which meeting each stakeholder shall be
entitled to vote according to his holdings.
and of which meeting notice shall be given
to the stockholders as provided in Article
vi of this charter; and the votes of the
! owners of majority in amount of the
capital stock of said corporation repre-
sented at such meeting shall be requisite
to elect.
Said liquidatOrs shall act as receivers
and remain in office until the affairs of
said corporation shall have been fully Ii
quidated; and, in case of death or disabil-
ity or any one of said liquidators, the re-
naming liquidatOrs shall appoint a sue
ceSsOr to such liquidator.
Said liquidators shall act either with or
without court proceedings, as they may
see fit, and are hereby given full power to
collect all amounts due the corporation,
sell or otherwise dispose of its assets pay
its debts and liabilities, and compromise
and settle all disputed questions and mat
ters: and they shall act as receivers. and
shall have, exercise and enjoy all the
rights, powers, privileges and cOmpensa-
ton conferred by law upon receivers. and
especially those conferred by Act PSI Of
1914 of the General Assembly of LOuisi-
ana. and are also given all other powers
necessary and usual to fully and finally
settle, wind up and liquidate all the bust
, ness and affairs of the corporation, and
distribute its net assets or funds among
its stockholders; provided, however. that
the rights herein conferred upon the Ii
quidating commissioners may be modified,
changed or denied by the owners of ma
jority of the shares of the capital stock
of the corporation if such change is made
prior to the actual appointment of liquid
ating commissioners. The said liquidat-
ing commissioners. shall be held liable,
in SOlidO, to any creditor or stakeholder
for the moneys and property of the cor
poration which shall come to their hands
or possession as liquidatOrs. and for the
proper application and distribution there
Article X.-The undersigned whose re-
spective post office addresses are given be-
low, have respectively subscribed for the
number of shares of stock set opposite
their names, as follows:
II. II. McWilliams, Memphis, Tennessee,
149S shares; A. W. Fisher, Jr., Memphis,
Tennessee, share; II. III. Burchell, New
Orleans, Louisiana, l share.
The following named stockholders shall
constitute the Board until the first cleo
ton and shall also be three members of
said Board when election is made and
shall hold office until the third Tuesday
in May, 1919, and until their successors
are elected and qualified, viz:
r. ii. McWilliams, Memphis, Tennessee;
A. W. Fisher, Jr.. Memphis, Tennessee :;
and Il. ii. Burchell, New Orleans, Louis
lana.
The officers shall be elected at the first
meeting of the Board after election of the
latter. and shall hold office until the third
Tuesday in May, 1912 and until their sue
cessOrs have been elected and qualified.
Thus done and passed, In my office, at
New Orleans. Louisiana, on the day, month
and year herein first above written, in the
AZZO j. Plough, competent witnesses, who
have signed their names with the said
parties and me, Notary, after due reading
of the whole.
Original signed).
r. II. McWilliams, A. W. Fisher, Jr.; r.
witnesses: Charles Carroll, Azzo ].
Plough.
(signed) HENRY G. MCCALL, Not. Pub.
1, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans.
State of Louisiana, do hereby certify that
the above and foregoing act of incorpora
tion of the McWilliams Southern Dredg-
ing Company, Inc, was this day duly re-
corded in my office in Book 1922, Folio
AZ.
New Orleans, May 10th, 1918.
(signed) EMILE J. LEONARD, by. r.
/ hereby certify the above and forego-
ing to be a true and correct copy of the
original act of record and on file In my
Office.
(SeaD
isigned) HENRY G. MCCALL, Not Pub.
May 1880 Jun 6-13-20-H