The herald., 1918-06-27
CHARTERS

person. The Secretary need not be
picrson. The Secretary need not be a
stakeholder.
Said Board of Directors shall have the
right 10 appoint aud dismiss such clerks
managers and other employees of the cor
poration as. in its Judgment, may be
deemed necessary.
The tenure of Office Of all the employees
Of the corporation shall be during the
pleasure of the Board.
Any Director shall have the right 10
appoint in writing, any other Director,
TO at as his proxy and i'm his stead, nc
any and all meetings of the Board Of III
reCtors.
Article Richard II. Stanford whose
pOStOnicc address is No. 2S2i Napoleon
Avenue. New Orleans Louisiana; j. W.
Strowhcrg, whose poStofiiCe address IL
Woodlawn and Lake Avenue. Chicago. IL
huoiS. Allison l.. Tull whose postoftice
address is If2N Euclid Avenue Chicago,
Illinois: Charles \. Koch. whose pOstOfIiCe
address is No. $40 South GrnoiS street,
New Orleans, Louisiana. aud Ben III. Con
mart whose pOStOilIce address is No. 2al2
Peters Nypuur. New Orleans. Louisiana,
shall constitute the first Board of preC-
tors Of this corporation, with Richard Il.
as \iy"-PrvSid"nt Allison l.. Tull, as
Treasurer and Charles \. Koch, as See
Rotary. 10 Scry" until the second Monday
in june, 1920. or until their successors
shall have been duly elected aud qualified.
Article Nll.-Ihis act OF incorporation
may be changed. modified or altered. or
this corporation may be dissolved, with
the assent Of stockholders OWaiug two
thirds of all the stock of the corporation,
at q general meeting convened for that
purpose, and after at least fifteen days
written notice of this meeting has been
given personally or through the mail ad-
dressed to each stOckholdcr at his last
recorded address. In ease of dissolution
by the expiration of this charter, or 9th
"rvI~e. after compliance with law, the
stockholders shall elect two liquidatorS
from among their number to hquidatc and
settle the business and affairs Of the cor
r"rati"h. The said liIuidator> shall have
full power To settle the corporations
debts. and divide the remaining money
and property among the stockholders In
~" event of the death or disability of
amy 0Ur OF said HQuidatOrS. the remain
Of EuuitHtOr Said HpuidItOrS shall have
the power To fix the price and prescribe
the terms of sale Of said property and
the manner ia which the sale shall lie
made. They shall Ice vested with full,
final and complete power and authority,
necessary, proper and .cNpedicnt to do
aud perform any ana ey"ry act and thing
to wind mp and iquifite the business
and affairs Of the corporation.
Arti,l" NIll.-NO stakeholder shall ever
toe liable Or responsible for the contracts,
faults Of debts of said corporation, nor
shall any mere infOrmality in its organ
/ iZation have the effect of rendering this
charter null or Of exposing a stakeholder
To any liability beyond the unpaid balance
.
or owned by him.
article lN.-The subscribers hCreuntO
have respectively written opposite their
names the amount Of stock in this cor
I pOratiOn subscribed for by each of them
50 that this act of Incorporation may also
serve as the original subscription list of
the corporation.
Thus done and passed. in my Ofrise, mt
/ the city of New Orleans, on the day,
month and year herein first before writ
/ ten. in the presence Of MeSsicurs Chas.
4 lie Blanc and +. r. Doyle, competent wit
neSscS, residing in this Parish, who have
signed these presents. together with said
| appearcrs and me, notary, after reading
! of the whole.
Original signed
Witnesses: Chas. lie Blame. +. r. Doyle.
! JOSEPH SINAI, Not. Pub.
! /. 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-
ton of the Delta Shipbuilding Company,
! Incorporated, was this day duly recorded
in my Office in book 1920, folio --.
New Orleans, La, June II 1918.
(Signed) EMILE J. LEONARD, by. II.
| (SeaD.
| \ true COPY. (Signed)
JOSEPH SINAI, Not. Pub.
Jun 20-27 Jly 4-11-lS-2j