The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-23
CHARTER

corporation shall become a going concern
and shall be authorized to commence bust
ness as soon As twelve thousand. live hun.
dred (Sl2.JoO.OOl dollars of its capital
stock shall have been paid for. either in
cash or for labor done, or services per.
formed for said corporation, or for prop
erty or rights actually transferred to it,
Article N.-The capital stock of this cor
! pOratlOn may be increased to the sum OF
one hundred thousand tSlUO. 100000 dol
! lars. bysa vote of twO-thirdS of all of the
stock, at meeting called for that pur-
pose.
Article VI.-Transfer of stock shall be
made only on the books of the corpora
tion, subject TO such regulations and for
mallticS as the Board OF Directors may
! prescribe.
Article VII.-An the corpsratr powers
Of this corporation shall be vested in and
| exercised by Board of Directors com
posed of five 90 stockholders. three of
whom shall constitute "A quorum for the
| transaction of business.
! DIR. J. W. Lamon. of McElrOy, La. J.
! Paul Bourgeois. of Gonzales, La, William
| l.. Haynes of McElrOy, La, Mrs WeSSey
| +. BreauX, of New Orleans. La, and Har-
| ~ Henderson, of New Orleans, La. shall
| compose the first bOsrd Of directors of
| this corporation. This first board of di-
rectorS shall serve until the second Mon
| day in May, 1919. after which the Direc-
! tors shall be elected annually by the
| stockholders at. meeting to be held on
the said second Monday in May of each
year. Said meeting of stockholders to be
preceded by fifteen days notice in writing
sent to each of said stockholders at his
or her last known place of residence. Each
stakeholder shall be entitled in person or
proxy to one vote for every share owned
by him or her; all elections shall be held
under such rules and regulations as may
be determined by the Board of Directors.
The Directors, when elected, shall con
tlnue in office for one year and until their
successors shall have been duly elected
and shall have been qualified. No fail
ure to elect shall operate the forfeiture of
this charter or any right under the same.
ANY vacancy occurring on said Board
shall be filled by the remaining directors
for the unexpired term.
DIR. j. W. LamOn shall be President. J.
Paul Bourgeois shall be First Vice PrpSi-
dent, William L. Haynes shall be See
ond Vice President, Harry Henderson
shall be Secretary, and Mrs. WesSey f.
BreauN shall be Treasurer of the first
Board of Directors TO serve until the see
Ond Monday in May. 1919.
Article NIII-The funds of this cOrpOr-
alton shall be deposited from time to time
in bank or banks to he selected by the
Board of Directors. All checks notes or
instruments drawn or executed or issued
in said corporations name shall be coun-
trrSigned by at least two officers of the
corporation. No official shall thus sign
or endorse the name of the corporation
save strictly in its concerns.
Article IN.-This act of incorporation
may be changed. modified or amended or
the capital stock increased or decreased
by and with the consent of twO-thirds of
all the stock.
\ change in the objects and purposes
may he made only BY a vote of ali the
stock therefor issued and an increase of
the capital stock In excess of the amount
originally named herein as the amount TO
which the capital stock may be increa Sed.
may be made by three-fOurths of all the
outstanding stock.
Notice of all meetings referred to in
this Article. shall be given in the same
manner as Is provided for the giving of
the notices of election. In case of diSso-
luton or termination of this charter eth |
er by limitation or otherwise. the affairs
Of this corporation shall be liquidated by /
three liquidatOrS, elected by the stock /
holders from among their own number /
each liquidator shall have full authority |
TO settle and wind up the business and /
affairs Of this corporation. The terms /
ana conditions ana the compensation for 4
such services shall be fixed at the time of /
election. In case of the death or other (
disability of any of the liquidators before /
the final liquidation of the affairs of the
corporation, the remaining liquidatOr or
Iquidators shall fill said vacancy or va
cancieS
Article Mo stakeholder of this cor .
poration shall he held liable or response /
BILE for the contracts, defaults or debts .
OF this corporation, nor shall any mere in
formality of this organization have the
effect of rendering this charter null or of !
any stockholders to any Iiabil-
lty beyond the unpaid balance due on the
stock held by him.
Article Kiln order that this charter
may also serve as the original subscrip-
ton list. the subscribers hereto have writ
ten opposite their names the number OF
shares subscribed for by them.
The subscribers to this corporation are:
j. w. LamOn. VI. D.. McElrOy. La. 30
shares; w. f. BreauX, SIS CarOndelet ST..
New Orleans, La, 80 shares: ]. p. BOur-
geoiS o.. p. Harry Henderson, Gonzales.
La; 80 shares; Harry Henderson, s1S Car
On0HIpt a ghar o .
shares.
All of which above subscriptions are
payable in the manner. mode and species
as is set forth in the list hereto annexed
and which forms a part of this charter.
IhuS done and passed at New Orleans.
La. this second day of May, 1915. in the
presence of Charles \. Duchamp and Vic l.
tor LOiSel competent witnesses, residents
Of this Parish. who have signed these
presents, together with said appearers and
me; Notary, after reading of the whole.
Original signed:
]. W. Lamon, NJ. D.. McElroy, La: W.
+. BreauX, S1S CarOndelet ST. New Or
leans, La; ]. 7. bourgeois. Gonzales La.
son. SIS CarOndelet st. New Orleans, La
William l.. HAYNES, McElrOy. La
Witnesses: Chas. a. Duchamp, Victor
LoiSel.
EDOUARD F. HENRIQUES. Not Pub. :,
I, the undersigned. Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana, do hereby certify that
he above and foregoing Act of Incorpor-
ltiOn of the Palm Fibre Manufacturing
company, Incorporated. was this day duly
recorded in my office, in book 1919, folio
New Orleans. May Bird. 1918
Signed EMILE J. LEONARD. ID. r.
| hereby certify that the above and
OregOing is n true and correct copy of |;
he original act on file in my NotariaI
Office.
EDOUARD F. HENRIQUEs, Not. Pub.
Nay 9-16- 90 30-Jun 6-13