The herald. [volume] (New Orleans, La.) 1905-1953, 1918-04-25
CHARTER

corporation is hereby fixed at the sum OF
eight thousand dollars (SsU0O0, divided
into and represented by eight hundred (80O)
shares of ten dollars $1,000 each, and shall
be entitled to such dividends as may be de-
| clared By the board of directors, subject 70
| the provisions of Section ! hereof, and shall
be entitled to share in the assets and funds
of the corporation only in the manner pre-,
| scribed in Section l hereof, and in no other
way.
Separate stock books and stock registers
| shall be kept for each class OF stock
The whole of said stock any part
thereof may be issued and delivered TO any
person, firm or corporation for the acquire
ment of the rights, privileges, permits
| franchise, properly, servitudes, leases. OF
any part thereof, owned or controlled by
| said person or corporation, also in payment
settlement and adjustment of the costs
fees, charges and expenses incurred for serv'
ices rendered in the formation and organi-
! cation of this corporation, and in acquiring
and bringing about the purchase of the
property, rights, permits and franchise
aforesaid also for cash or in installments OF
such amounts as the board of directors may
| determine; also for property received or
| services actually rendered TO this company.
The Board of Directors herein created is
specially authorized TO dispose of the stock
or any part thereof for any and all of the
| purposes above stated, and IL is particularly
authorized to dispose of said stock, any
| part thereof. to Johnston Armstrong, in ex-
| change for the land, or any part thereof, of
said Johnston Armstrong, together with the
| cemetery permit or franchise now held by
him. under Ordinance No. 4799 of the Com
mission Council of the City of New Orleans.
| Louisiana, and to accept the conditions OF
said ordinance.
Article V.-All the powers of this corpora
| ton shall be vested in and exercised by a
| board Of nine directors, each of whom shall
! have in his own name at least ten shares OF
stock, five of whom shall constitute a quo
rum
Said board of directors shall be elected
annually on the first Monday of April of
each year, the first election to be held in
| the year 1919.
| Ali such elections shall be viva voce at the
| office OF the corporation, and all such cleo
| tions, as well as all meetings Of stockhold-
| erS, except when otherwise required by law,
| fifteen days notice shall be given, either
personally or by depositing in the post-ofice,
| properly addressed to each stakeholder, such
notice being addressed to the stockholders
| last designated address, or at the General
| Delivery at New Orleans, Louisiana, if he
| has not designated address, and announc-
| ing the time and place of the meeting. Each
| shareholder shall be entitled TO one vote for
each share of stock standing in his name on
| the books OF the company, said vote to be
cast in person or by proxy, and the majority
| of the votes cast shall elect. The board of di-
| rectOrs shall have power 10 fill all vacancies
which may occur the board. Failure to
elect the board Of directors on the day above
| specified shall not dissolve the corporation,
| OUT the directors tnen IN once snail remain
| IN Office until their successors are elected.
Due notice of election snail forthwith be
given, as above provided and such notice of
election shall be continued to be given until
an election is held. The board of directors
at their first meeting following each annual
election shall, out of their number, elect a
President Vice President, and they shall
likewise elect, but not necessarily from their
number, Secretary, a Treasurer and such
other officers as the board of directors shall
deem necessary. The board shall have
power, in its discretion, to unite two or
more Offices, and the same to confer upon
one person, and shall have the power to fix
the salaries of all officers, who are not
shareholders; but no officer, who is a mem
Der of the board of directors, shall receive a
salary such
The board of directors shall have power to
make and establish, we'll as alter and
necessary and proper for the support and
management of the business and affairs of
said corporation, and not inconsistent with
its charter Said board shall also have full
power and authority to borrow money
through the President or some other duly
authorized agent agents, to execute notes
or other obligations in such amount and on
such terms as in their judgment may be ad-
vantageous, and generally to do all things
reasonably necessary for the proper carry
ing of the business of the corporations;
also to issue and deliver full paid shares of
stock or obligations of said corporation in
payment of money borrowed, labor or serv-
ices, or property, or rights actually re-
ceived by said corporation as heretofore set
forth; and shall have power to do all such
acts and things may be necessary 70
carry out the objects ana purposes for which
this corporation is Organized The major.
ity of the existing board shall constitute
quorum for the transaction of any business
at any meeting of the board of directors
Any director absent from the meeting may be
represented by any other director, who may
n he SaTd ali
according to the written instructions of said
absent director for that meeting.
Until the next general meeting to be held
under this charter on the first Monday of
April, 1919, or until their duly qualified
successors are elected and installed, the
Board Of Directors shall be composed of Hun
ter c. Leake, Citizens Bank Bldg, New
Orleans. La, Ivy G.. Kittredge, Hibernia
G ssPk Bd Eb.l New R oTe Ps La Abraham
La. WIN, Pfaff, 724 Perdido St, New Or.
leans, La; Lauren ]. Bradley, corner Camp
and Common Sts., New Orleans, La;
Joseph L. onorato, $40 Common St, New Or
I B;, La; Frank L. Levy, Hibernia Bank
Baldwin, corner Camp and Common Sts.,
New Orleans, La; and James J. Manson,
lis Tehoupitoulas ST., New Orleans, La,
with Hunter c. Leake, as President; Ivy
rem Bradley. as Secretary and Treasurer
Article VI.-Whenever this corporation
shall be dissolved. from any cause, its af-
fairs shall be liquidated by three stock
holders to be appointed at a general meet.
ing of stockholders convened for the pur- |
pose of liquidation, a, hereinafter pro- |
vided, each share of stock being entitled TO
one vote to be cast by the holder, either in |
person or by proxy. Said commits ssoners
shall remain in Office until the affairs of said |
corporation shall be fully settled and liqui- |
dated, and they shall have full power and |
authority to transfer and give title to all |
the. property and assets of the corporation. |
and to distribute the proceeds In case of |
death, disability, or resignation of one or |
more commissioner or commits sioners the |
vacancy shall be filled by the surviving com
or commissioners.
Article VII.-This act of incoropration |
may be modified, changed or altered, or this
corporation may be dissolved with the con. |
sent OF u of all of its stock, represented at |
a general meeting of the stockholders con-
vened tor such purposes, after previous
notice shall have been given in one or more
daily newspapers published in the Parish of
Orleans, State of Louisiana, once week
during thirty days preceuIng such meeting.
ana upon the date of such meeting and by
notice mailed at least fifteen DAYS prior 70
such meeting to each stakeholder who an
pears as such on the books of the company
10 the post-office address designated by him:
ana IN case OF failure to designate an ad.
1ress' TO the General Delivery, City of New
dreams ANY change which may be pro-
posed or made in reference to the capital
'tock OF said corporation shall be made in
accordance with the laws of the State of |
louisiana, on the subject-matter of altering /
nj sAll- e