The herald. [volume] (New Orleans, La.) 1905-1953, 1918-07-18
CHARTERS

a'ldlngs OF II
7ema.a Unchanged NJ n, hon ~
'eN' audit, and the . Tie -.
succession, executor nsnt is S
the C5r r., .ssatee to dissoIs.s
i i'r.I his death unless y, IN, q.
400. ...'' SHALL within n;1 as 'srrs,
gaze 10, ms death h,v..i ninety d,r
..'- . said Cottam e. pcrraasi
''''".a.e', who are b. oI heas,6.
ea,s iaie,s 'e o.beS stock ,.. at h. si Is
writing. efms are "a
he book value shall
by The e. . ,'.;' a AIiIelt and saaI
s-'.' De accepted arbi,r,,,,,ial' "a
",r. except there sS,n n
.le p'.ii'' shown BY i n. @ u
s1e0t - his death H., me ti'E -
Reeve Account and $50 % ne AlS,S
Al! -~ 'lo,'' 4 4. Loss AccsuSS, y n
up 20 the first $50! sAa'sa
... t.t-a. and his hold;Ssaacaa NJ.
amounts .t.ually collec,sS Sll
ne payable by the Cue On IN,
...-..T u each semi.apO.'aa,'a
seven years dating ia annual ID,
-e41-a. % his dean I'm ne TN n
..,s-ss. shall cease au S,'e. WIG
TT.sa1ialer Of the account ~, :, -
Upon the death of -,
tAa1 y. Thorn. Gotta, "a! sl0e1GS
er1glru- may be acop;,.s q, i,as
'.''.'.srs' or either Of ,b,g. =
I - the power conferred l sS
holders q The majority ~ n {
prescribed in the pres.S !. Ne sd
this Article. ''eulhs RarI
ms corporation shall 4.
stockholders specially ~ Ne ies
h}afl OF Directors to enior,.' a ~
stock Ia this corporation '''''l0'i ~
lac substance Of thes.
N1ar;er shall be stated M ,orh'a
~ ne lace Of each cer,;s;. ~ n,
snail be conclusive not;ss !" I'd
ing herewith. AZ kne
f,i',as. al ''''e ~ IS amended =
ARTICLE TV.-The oov,
clare dividends is vested ., sha "
Board u Directors. wbo A'sl
thorIzed % retain the u.s.. qtets
i3F me use Of the corporat;s, = 2
IN part and for such linz :. n
ment OF said Board nav 4
reason Of the financial No.. RON
mentN OF the corporation ~ "a y
OF the times. Such pr,i;,, x ~
50 withheld by the corpor,,; s .r y
s!deTed part Of the corporate ir's.
necessity and use Of n, g., - :
been terminated by the ar,ia. "
declaring dividends thereiro. =
That Article V is ameud.S !.
lows: IA
ARTICLE V.-Any mOu,., 49,,
or loaned to the corporation by s.s:i
shall earn not exceeding SIN @
terest per annum, payable 4.
period; the right is reserved /,
OF Directors to pay said none,
when in its opinion the an.
needed by the Corporation
ARTICLE VI.-That Arid, VI i.
aforesaid original charter u S,,,s.
That Article VII is AMENDED =
ARTICLE VII.-All the corr,.
vested by law or this rhsrs
tons shall be exercised BY ~ r.
reciors OF this Corporation, iat,s.
right to manage, control, and arr
fairs OF the Corporation, he co,,,. !.
and to sell the Corporation or -
same into another corporation M
in payment OF any such sale !, -
bonds, notes or stock Of ne -
merging corporation, or Of A new -
created for the purpose, withou, 4, !,
sity Of referring either or sny 4 u
20 the stockholders.
The Board Of Directors Of al, c.
shall be composed Of five ,,acfh.,l, \
existing Board Of Directors shall ~ !;
until its successors are elected - |.
lied. On the first Monday q mi
and annually thereafter, an sI.tSr
be held by the stockholders fr D
Directors. Such election shall K -
by fifteen days written notice b 4
holders, delivered in person Or N, !,
TO the address given in the eurr :
rectory, unless the address Of ". {
holder shall have been REGISTERED Z:
Secretary. The election shall k II. NJ
office OF the corporation at sud 3
may be fixed by the incunbea IN /
Directors and under the SUPERVISE
or more commissioners appoin,a ! I
same. AT such election escs ndxI
shall be entitled to one vote ir "a Z
OF the capital stock held by bin, al al
persons receiving the highest ,nk I
votes cast at said election shall h u
elected. and the Board Of Druz
elected shall meet and ofszair
after said election as possible -
of the whole Board shzll constint
rum, and Directors absent o. uzztk
tend may authorize Directors prxr
resent them by written proxy hid y
Secretary and with all the pcven y +
sentees could exercise i prrxr
son.
All routine business matters 81
cided by the majority vote II b
present at such meeting. but ~ -
thing affecting the general pslig, =
or corporate rights Of the eoYnE
be adopted only by the vote d q =
of stock held by the individual rf,n
the whole Board Of Difseierk y
minute entries shall be made = y
same.
AT its first meeting aile strz
Board Of Directors shall elea
and one or more viee-presidents d
shall be stockholders, and : -
treasurer, who need not be st'cs
the latter offices may be eo1nH
Board in one person. .1.
The Board Of Directors nzy e.
laws, rules and regulations iof ~
ment of the corporation, and nay -
committees for the managenen
eral departments OF Ne osx's.
an Executive Committee Of 90
three members Of the Board ~ I
mittee shall be empowered :, e.
the functions of the Board Of p
ing the recess Of said Board, .r "
in reserved for the full Bord
Vacancies in the Board af pa
be filled by the remaining ns1@ -
That Article VIII is anenon
| follows: ~
ARTICLE yIII.-This ea'n1
amended, altered or modi1e9 49,
stock increased or decreases ~
OF the stockholders duly called y y
pose. and in such manner . ~
ted BY the laws Of Louisisna W.
after enacted. r...I,S !;
manner provided BY any J"
now or hereafter enacted. n
That Article TX is ansna'a
ARTICLE IX.-Upon the iernn-
charter or upon the dis:oiuu'n, -
| poration, its affairs shall e Ir
| the manner provided BY any
lana now or hereafter enae'sI ~
ARTICLE X.-Thst Article -
nal charter aforesaid is hefsey = .
That Article XI is snea''s
follows: :. A.,sef 81
ARTICLE M.-No stoek :s,. n b
be held liable or respons-s I
tracts or faults Of this ea I.lrr
| further sum than the unpsn -
n This Corporation on the sn, aI;., : 4
10 - '", no- Sb.Il any mere infonsI u
nization have the etteet ~ AZ ~
charter null. or Of exposlns - ~
TO any liability beyono