The herald. [volume] (New Orleans, La.) 1905-1953, 1918-10-24
CHARTER

| Inc capital stock OF this corporation may
be increased TO Two Hundred Thousand
| Dollars (S2OOOOCOOO).
! ARTICLE V.-All meetings of the stock.
| holders OF this corporation, as well as all
meetings Of the Board Of Directors shall be
held at its dOmicile. in the City of New Or
| leans. La, provided that with the written
consent of all directors. valid meetings OF
the directors may be held outside of the
State or within the State elsewhere than at
| its domicile.
ARTICLE VI.-Ar the corporate powers
Of this corporation shall be vested in, and
exercised by Board of Directors five in
| number all Of whom shall be stockholders to
| be elected on the fourth Monday of Au-
gust of each year. The first Board of Di-
| rectOrs to serve this corporation until the
annual election in August, 1919. or until their
successors have been elected and qualified,
shall be elected Immediately after the signing
| of this act. Three directors shall consti-
! tute a quorum of the Board for the trans
action of business by said Board. After the
election of said directors as herein provided
! for, there shall be elected by said directors
| from their own number, the officers OF this
| corporation. as follows: a President. a
| Vice President 4 Secretary-Treasurer, and an
| Assistant Secretary Treasurer, with the right
| TO combine the offices of Secretary and Treas
urer and Assistant Secretary Treasurer each
in one person. The Board Of Directors shall
have the power and authority to appoint
| such other agents and employees, who shall
| respectively. have such power and authority
| and perform such duties as may be prescribed
| by said Board. and who may be removed al
| the pleasure of the Board. The directors
shall have the right to fill all vacancies &C.
| curing in their number from death resig
| nation or otherwise, and should the stock
| holders at their annual meeting fail TO elect
| the full five directors, then and in that
| event the directors elected by the stockhold
| ers shall have the right TO elect such add
tional directors in order to have full
| Board.
ARTICLE VII-The annual meeting Of
| the stockholders for the election of directors
| shall be held on the fourth Monday of Au
! gust of each year, commencing with August
/ 1919 The election for directors shall be by
| ballot, and the majority in amount OF stock
| voting shall elect the persons for whom
| they are cast. Each share of stock voted
! upon to be counted for but one vote. Said
| stock shall not be entitled to cumulative
voting. The Board of Directors shall give
| at least fifteen days notice by mail OF the
| election of said directors, and shall appoint
one or more stockholders to preside at such
| election Any failure from any cause what.
| soever to elect directors or the day named
| for that purpose shall not dissolve the cor
| poration, but the directors then IN office
Shall hold over until their successors have
| been chosen and have qualified.
| ARTICLE NIII-No stockhOlder shall ever
| be held liable or responsible for the contracts
| faults or debts of this corporation, nor shall
any mere informality in its organization have
| the effect of rendering this charter null, OF
| of exposing its shareholders to any liability
beyond the unpaid balance due on the stock
| owned by them.
| ARTICLE IX-Au transfers of the capital
| stock of this corporation shall be made on
| the books of the corporation, and no trans
| fer shall be binding on this corporation, IN
| any manner whatever, unless so entered
| No sale Of stock of this corporation snali DC
valid, unless first offered Tor a period OF
thirty DAYS to the stockholders, through the
| Board of Directors, at a price not to exceed
| its book value. Upon the failure OF the
| stockholders to avail themselves OF such pur'
chase, during the said period oil thirty uays,
| notation of such fact shall be made by the
| Secretary Treasurer, upon such certificate OF
! certificates having been previously rendered
| in accordance herewith, and thereafter said
stock may be sold without further restriG
| ton. Succeeding purchasers thereof, snail
however, be required TO offer the same tc
| the stockholders for a term and at value
hereinabove designated before disposlng OF
| same and all stock acquired IN this corpofa
ton shall be subject to the provisions oil TINS
| ARTiCLE X.-This charter may be
| amended altered changed, at a specia
meeting of the stockholders called Tor ina
| purpose, after fifteen days notice oy MAJ
has been given TO the stockholders OF rec
ord. by vote of two thirds OF all outstand
| ing capital stock.
| ARTICLE XI.-This corporation may b'
| dissolved. BY a vote of two thirds OF al! OUT
| standing stock, and upon complying wiz N''
requirements Of Section % Of Act Z6I OF th'
Louisiana Legislature for the year l9l4; an'
in the event OF such dissolution, llquidatoT'
shall be named and appointed with all I'M
necessary powers and authority as sci loi'i
in said Act 267 of 1914.
| ARTICLE Kiln addition 10 the power
| conferred on the Board of Directors OF TIM
corporation, the said Board is specially Veste'
| with the power of purchasing ana ACQUIRING
| srcb business or businesses as IN MS JUG
| IN interest
fare of this corporation. and IN payineh
| thereof to issue capital stock OF ms corpoIIa
ton in such an amount as IN their jug
| meut said business or businesses are VIZ ~
| ARTICLE XIII-Whereas, the suoscrlP
lions Of certain stockholders to the capita
| stock of this corporation consist IN properly
| 10 be transferred to this corporation' IN DC
| cordance with the provisions OF section lhre'
of Act 267 of the LOUISIANA LegiSiatut y
| the wear 1914, there is now annexed 10 tnes'
| articles of Incorporation, and to be read II
| connection Herewith, an accurate, detalIe'
| and itemized description OF such properly
| together with a statement OF us apPiat
| value by the directors OF this eorporatloh
he same as if set forth in detail in his char
ARTICLE XIV.-The names and post-ot
| flee addresses of the subscribers 10 thes'
| articles of Incorporation, ana the Huloet -
| follows: ,,.. 49,
respective subscriptions) ,. . a.,
| Thus done and passed in my ottce; IN tnt
| Civ of New Orleans. La, on the day ahI
| date first above written, in the presence o.
Nessrs. Irwin Thomas and Leon ,. 1ahIl
competent witnesses, domjcled in this CITY
who signed these presents, together with tn'
narties' and me. Notary, after a due readins
Of the whole, the parties hereto atiixing op
posite their respective names, their respec
| tive subscriptions to the capital stock o
This corporation. which shall constitute TN
original subscription list OF all stock sub
| scribed in this corporation. Original sign
ed. Subscribers No. of shares. WITNESSES
| Irwin Thomas, Leon s. Calm. lHEODoNr
A. SCHUBER, Notary Public.
| I. the undersigned, Recorder OF Mort
cages. in and for the Parish of Orleans, STATE
Of Louisiana, do hereby certify that I'M
above and foregoing Act of Incorporation
Of the Crescent City Cork Works, Inc, wa
This day duly recorded in my office, in Bool
loo. Folio 425 New Orleans, September 4tn
1918 (Signed) EMILE J. LEONARD, Dy
true COPY of original. THEODORE A
| SCHUYLER, Notary Public.
Sept. 1926, Oct. 3-l0-l7-24.