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

CiOns OF the presently existing corporate
This corporation shall be authorized TO
commence business and be a going con
Germ as soon ss SJOo,UoOyOO of its capital
stock Is subscribed and paid for. The
balance Of the authorized capital stock re-
naming in the Treasury Of the Corpora
ton may be issued at not less than par
from tine % time as the Board of Direc-
tors may determine.
The shares OF stock shall be transfer
able only on the books Of the corporation
md no trOusfer Of stock shall be binding
Or have any effect on this corporation,
unless and until made upon its books.
The capital stock Of this corporation
may BE- increased uD % an amount or 81
800 UOOU0 by vote Of twO-thirts Of all OF
the outstanding stock at meeting OF the
stockholders called for that purpose IN
the same manner as provided Tor the
meeting 20 elect Directors.
Article N.-Al OF the corporate powers
" said corporation shall De vested IN ana
exercised by Board OF Directors com
posed Of not less than three nor more
than five stockholders said directors
shall be- elected annually on the third
MDnIuy in January, n each year AT a
1r-r Board. appointed in this Charter,
who SHALL hold their Offices until the third
Monday IN January 1919.
All -Igh elections shall be held by bal
lot aut conducted at the Office Of the cor
DOratiDn. Notice Of such meeting and OF
lIl other stockholders meetings shall BE-
given In -as manner prescribed by law,
and when not 50 prescribed. then written
notice Of such meetings shall b. deposit
ad 40 least fifteen 40 days prior 70 the
Hat Of such meeting. in the post Office
u the City Of New orleans. addressed 20
each stakeholder at his last known resi-
tuuue or place OF business.
At all such elections and - all COrpOr-
ate meetings every >rOc NhOlder shall be
entitled 20 one ID vote for each share OF
stock standing IN his name on the books
- FW i'm n
person or by his written proxy, and a
majority Of the votes cast shall elect.
Any vacancy occurring among the direc-
tors by death, resignation or otherwise,
shall be ulled by election for the uueX-
pred term by the remaining directors.
\ failure 10 elect directors on the day
shove specified shall not dissolve the cor
pOratiOn nor impair its corporate exist
ence or management but the directors
then in Office shall remain in Office until
their successors ara elected and qualified.
The Board Of Directors shall elect a
President, and one or more, not 70 ex-
reed four Vice Presidents. and a Sacre-
rary Treasurer. The President and Vice
Presidents shall BE- stockholders and Di-
rectOrS Of the Corporation. but the Score
tary- Treasurer may or nav not be a Di-
rector or stOckhOlder. at the discretion
Of the Board Of Directors. The number
Of Directors shall be determined by the
stockholders at each annual meeting. and
the number Of Weep Presidents shall be-
'AFNFl ilAAAFA FdNb gNdA " NAF AOdl'A u ~
rectOrs.
The Board OF Directors shall have pow
~ and authority to appoint such agents,
managers. officers and other employees
necessary in their Judgment to conduct
the business Of the Corporation, and 70
give To such agents. managers, officers
and other employees such authority as
they may deem necessary for the purposes
anu business Of the corporation. The Board
shall haye'the power to hX the Compensa-
tons and define the duties of every officer
and employee and all agents, managers.
officers and other employees who shall
hold office and employment at the pleas
ure of said Board.
The Board may make and establish. as
well alter and amend. any and all by
laws, rules and regulations necessary and
proper in its Judgment for the conduct.
support and management OF the business
and affairs of said corporation At all
meetings Of the Board of Directors each
director shall have the right to appoint a
proxy 10 act in his place and stead. the
person so appointed need not be a Direc-
tor but must be a stakeholder.
The Board shall have full power and
authority TO borrow money, execute mort
cages and create liens; TO issue bonds,
notes and other obligations and to secure
the same by mortgage, pledge or other
wise: and. generally to do any and all
things reasonable, convenient and neCes-
Sary for the proper carrying on Of the
business and affairs Of said corporation.
The first Board Of Directors shall be
composed of Anthony Wizard, Walter b.
Chilean Buckner Chipley W. Allen Hood
and Anthony Wizard. Jr. whose present
addresses are set opposite their respec-
tive names TO the subscription TO the cap
Ital stock of this corporation. The Board
of Directors shall at its first meeting elect
the officers Of this Corporation, in accord
with the terms of this Charter.
Article VI.-Whenever this corporation
shall be dissolved. either by limitation or
from any other cause. its affairs shall be
liquidated by three commissioners 10 be
appointed from amongst the stockholders
at a general meeting of the stockholders
convened for such purpose; two-thirds in
amount OF the capital stock Of said cor
pOratiOn represented at said meeting shall
be requisite to elect. Said commissioners
shall remain in office until the affairs of
said corporation shall have been fully IL
quidated. In case of the death of one or
more Of the commissioners, the vacancy
or vacancies shall be filled by election by
the surviving commissioners. Said COM
ferred upon them by law or by the stock
holders at such meeting, IL not inconsist-
ent with law.
Article VII.-This act OF incorporation
may be changed, modified or amended or
the capital stock of the corporation may
be increased or decreased, or said cOrpOr-
alton may be dissolved, in the manner
provided by law.
Article VIII-NO stockholders shall ev-
er be held liable or responsible for the
contracts, faults. or debts Of said cOrpOr-
alton in any further s>m than the unpaid
balance due the corporation on the shares
of stock owned by him nor shall mere in
formality in organization have the effect
Of rendering this charter null or OF eX-
posing a stOckhOlder TO any liability be-
yOnd the unpaid amount if any remain
ing, due on his stock.
Article IX-In order that the charter
may serve as the original subscription
list OF this corporation the subscribers
hereto have written opposite their names
and addresses the amount OF the SubScrip-
ton to the stock made by each. tO-wit:
Anthony Wizard. 1928 Nashville Avenue,
New Orleans La, 24y9 shares; Anthony
Wizard. Jr.. Lake Charles, La, share
w h. Chilean. Trustee AL Walnut St,
New orleans, La. 2f96 shares; W. b; Gil
lican. Al Walnut Street. New Orleans,
La, l share; J. \. Taylor, 1917 Henry
Clay Avenue New Orleans, La, l share {;
Ruckner ChiDley, 51g Broadway, New Or
leans. La. l share; W. \. Hood, Lake
Charles La, 1 share.
Thus done and passed, in my office; at
the City of New Orleans, on the day,
month and year herein first above writ
ten. in the presence Of ]. F. Person and
F. Z. Roth, competent witnesses, who
herpuntO sign their names with the said
appcarers and me, Notary, after reading
of the whole.
(Originai signed)
Witnesses: J. F. PiersOn. F. B. Roth.
\ Wizard. l32S Nashville Ave. New Or
leans, 2499 shares; Anthony Wizard, Jr
Lake Charles, La, l share W. b. Gill
can AL Walnut ST.. v. o.. l share, W.
B. Chilean. Trustee Al Walnut St, y.
o. 24g6 shares; Buckner Chipley. 5i9
Broadway. y. o., l share: j. \. Taylor,
1877 Henry Clay Ave, y. o., l share, W.
Alien Hood, Lake Charles. La. by Buck
CHtS. l. DENECHAUD. Not. Pub.