The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-22
CHARTspo

l .N plymen, Of I o,I, tim ":
wees rendered to V ,S.s Proper.
Pc e4p'tal stock ~ .SSoFpr,S.'l
@s increased to II - OF tbs a..
'-.a-taI lS5v5G6'G,6s, sun d Pa,
'"'-,alsds Vi ali ~. DOIsn ~
,aaa4I i..I art 'aI tia, paF 15s 4 = ~
t.'-.',n nay VIE me eorS-ss
,.r.o- lai at the "'d' iilt sa, r;Is
Directors who ar ..''Titetiaa !; =
/ '"ef - that eadI hereby y
. ..,. . a.E. aead not 10 5''. .- Veas,
issued IN whole a. pfeiered v !
with The same vo NJ pan inn 9 =
. provided for comnass Power !,
,5S :. ks Of q III. the holders 'V 81 PorS
-. ~ issues OF pre;.. a d, i
,''s OF the corp1r,, y Tie Bors
nave such preierraJi ION ssuiI
l Eyer II. The total ISSUE sse's :, si't,
! . .1I SSSssd One Hundrs.s' p sac' :
S ga ., Any Preferred ; ansatas
ne INST offered to the ~ sioek
ton 10 their holdipS,s, e s'ockhOl5.n
All certificates OF 49,.
Company shall be s;,s s'Gck i,,>s
Oh y q Vice Presides,A bg
-'IA'ers'gEed by The u tie 60
Inc stock OF TINS -soeSEetay q g
lsi5ed on the books q fi', ~. a,
a"a subject to such as eoSsas,
mantle. . IS may be, bv ,ssair,i0a :
'ois rom time 10 time ,' as S0s:
ARTICLE yI.-All ro,1 'I'tt
ms corporation, laclud,Oap b.
sue preferred stock as ga hss
Jt vested IN and eYs-o a0Oys RsrS,
directors composed al f-.ed By N
I@o .. "Ao~ snail const,, r, ''oSSaa&r
directors may vote In 49,. Sass
zen proxy al any m.s sn,soa q
"Le'AeF regular or spec;ais ' d ~
tJr whether acting 81 Bg
otherwise shall be enf;,irr Iss'dlng 4
10 more than one vote. r "a ~
iectoIs sAai! be elected ,,I aas bar
o.4 thursday OF Novs-nIllill u
alter date hereof. tn .Sd q
Fectors OF this CORPORATE, 'IH Sal!
OF ii. L. Falk, PresiJSn... 'IaA 4 ~
secretary; VIM. Mason 49, : u'ns,
dent X. Z. Farrell, T, sl va
itTs- named directors be;Ss' 1
Class A Stockholders .I as
named being the ehoje. aia a
stockholders. VI lie
The Aforesaid Directo-, -,
oiiice until the second Ts,, satll u
Der Iyl9, or until their ..IaI q \
ed and qualified. All .is",;s'a1 u /,
sAal! be by ballot at the olf.. q u
:. .!oI land ana under the SUPERVISE, v !! = 2
OF Directors or their apDoir,... u =
Notice OF meetings o fs,or1u
herein otherwise provided Or !.
law, shall consist Of a &c. isa1s
writing by mail 10 eacb s.S-, W u
last known address as apD.ar vI1 !.
OF the corporation. Failure "a 2
address shall permit notic. y !. 0sNr
General Delivery in the Civ Nv
Zach stakeholder at ucS !" Ms -
meeting, general or SPECIAL s s-I
20 one vote for each share of -.
provided however, as herein,h... =
any set out that the stOct5aiS.' ri
A stock shall have the riVb, !.
TWO Directors without ipts,t..- e
night Of stockholders Of Ci,.. "
t !. Directors, and the stockbolS,,, !. /.
- stock shall have the r;gs s'D ). l
Directors without interfering "a 4 4 Z
Of stockholders Of Class : y II
Directors. az !
Should a vacancy occur !, a.
directors, the same shall be fiIlej Il
ment by the remaining Direclr ~
the same class of stock as he Dr., 49,
Office becomes vacant; in c.~ Ia
torShlps Of either class shall -.
the yactncies shall be flied b. 49,
the holders Of the same elsy a ~
originally elected the directon -.
fices have become vacant.
Failure to elect Directors on "A.
lied shall not dissolve the eorpo,,s.
the Directors shall remain h olS~ II
their successors are elected ana -
The Board OF Directors al he, sr :
ing following each annual electIou M !.
their number elect a President. TI,h
dent, a Secretary and a Treasuvr
The Board of Directors is h,.s, :
power to make, establish, alter nj =
bylaws, rules and regulations al =
tent with the charter Of the eurpuzsz
shall have power and authority thrna I
agents as It may determine 70 bOr. ~
create liens, execute mortgsre =
bonds and other obligations in sud %
upon such terms and conditions srd ! I,
manner and form as said Board ~ q
mine.
ARTICLE VII.-Section i.-WA,nrr !
shall be dissolved Of E,.hs
its affairs shall be liquidated BY ~ :
dators, one elected by the hOIssn ! ii
"A stock and one elected By be I'd
Of Class "B" stock, elected aiEa|
meeting OF stockholders eonYeuet b u
purpose, or at a regular annual nung j
either class of stock fails or r.iusa 81
liquidator, the other class nay sr n
liquidators. This corporation nag 4
quidated at any time upon a vue I n
thirds Of the outstanding stoek b y 4
feet. This corporation further 1u /
quidated upon the vote Of all he hiu A
either Glass "a or Class %" stOck ~.
such stockholders shall give vntn 81
to the Board Of Directors at nf ~
days prior to the date Of the insal 3
ing Of stockholders that it is the dtSn :
intention of all holders Of either uls Z
DIT Class "B" stock to- cause ligrtiaz !
the affairs of the corporahon ~
Section 2. In the event that VI 2
1ation takes place either By -
Of two thirds Of the outstanding 3
or by vote of all Of Class "A 81
Class "B" stock as aforesaid, d -
,ally herein provided and agreed u :
-eal property owned by said curpai1,, :
)e sold and disposed Of in the 30
manner, to-wit:
There shall be advertised IN drl
If general circulation in the ug y
Orleans at least twice Z seek % !.
lays, and in a daily paper Of sthrn
,ulation in the City Of New isn : . Z
vice a week for thirty days, ne sk
cal estate and Improvements o. ~
,oration. Such advertisements ~ =
iealed cash bids subject to any s 1
mortgage on the property to Be 80 .
ent to the President Of the coPoian. :
.ealed bids shall after having beti ~ 4 I.
" the President and after expfr,nn Z
hirty days, be opened by ne res
meeting of the Board OF Dnean -,
~ him for that purpose ana ~ Z
hall be disposed Of TO the It. =
bidder subject to outstanding nons.F -
rovided. Il is the intention aoa
{ the incorporates to proviE ~.
method of the sale and dispoAus Z,
cal estate holdings Of the eofp0 ~
ut the necessity Of public sac -
ur,her proceedings than as heftia - -
The liauidators appointed oy ~ :.
ion shall have full power aiie' - =
cal estate and Improvements -.
cen made, as above indicates, y ~ :
ne proceeds and to llquida'e - = !
banding interests of the eofpcfsn'' 4 3,
-ibute the same. In the even .., I .
stability or resignation Of enc n
quidators the holders Of GAS .,.r !
lass "B" stock shall fill ine 49, . Z
ending on whether the hqnlu.s ~ %
ointed by Class "a" or Ci.s !, y
nd upon failure or refusal 50 . o.. = y 2
quidator may act with like ps ". -
lority as was vested in TIC y"