The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-30
CHARTER

corporation shall become going concern
and shall be authorized to commence bust
/ ness as soon as twelve thousand, five hun
/ dred (Sl2 10000 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 10 il.
/ Article N.-The capital stock of this cor
pordtiOn may be increased TO the sum Of
one hundred thousand ($lOO,0OOO0J dol
| lars. by vote of twO-thirdS of all of the
stock, AT Il meeting called for that pur-
pose.
Article VI.-Transfer of stock shall be
made only on the books of the corpora
ton, subject to such regulations and for
maliticS as the Board of Directors may
| prescribe
Article vII.-AH the corporate powers
! of this corporation shall be- vested in and
| exercised by Il Board of Directors. com
! posed of five 90 stockholders, three of
whom shall constitute 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
| +. BreauN. of New Orleans, La, and Har-
| ry Henderson, of New Orleans, La. shall
| compose the first board OF directors of
| this corporation. This first board of di-
rcctors shall serve until the second Mon
| day in May. 1919. after which the Direc-
| tors shall be elected annually by the
| stockholders at a meeting to he 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
| tinue i'll office for one year and until their
successors shall have been duly elected
ana 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 Sec
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 sec
| ond Monday in May. 1919.
| Article NIlI.-The funds of this cOrpOr-
alton shall be deposited from time to time
| in bank or banks to be selected by the
| Board of Directors. All checks, notes or
| instruments drawn or executed or issued
in said corporations name shall be cOun-
| tersigned by mt least two officers of the
corporation. No official shall thus sign
or endorse the name of the corporation
save strictly in its concerns.
Article lX.-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.
may be made only by a vote of ali the
J. 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 increased
| 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 hquidatOrs, 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
| and conditions and the compensation for
| 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
liquidators shall fill said vacancy or va
cancies.
Article X.-No stakeholder Of this cor
pOration shall be 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
| exposing any stockholders to any liabil-
| ity 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, NJ. D., McElroy, La, 30
shares; W. f. Breaux, SlS CarOndelet St,
New Orleans, La, 80 shares; J. p. Bour-
geois. (p. p. Harry Henderson, Gonzales
La, 30 shares; Harry Henderson. SIS Car
ondelet St, New Orleans. La, 30 shares (:
William l.. Haynes, McElroy, La, 30
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 part of this charter.
Thus done and passed at New Orleans
La, this second day OF May, 1916 in the
presence of Charles A. Duchamp and Vic
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
J. W. Lamon, NJ. D., McElroy, La; W.
leans, La; J. p. Bourgeois. Gonzales, La,
(p IA Harry Henderson,: Harry Hender
son. SIS Carondelet st. New Orleans, La
William L. Haynes, McElroy. La.
witnesses: Chas. A. Duchamp, Victor
EDOUARD F. HENRIQUEs. 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 Incorpor-
alton 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
foregoing Is a true and correct copy of
the original act on file in my Notarial
Office.
EDOUARD F. HENRIQUEs, Not. Pub.
May GIG 23-3O-Jun GLIB