The herald., 1918-11-14
CHARTER

Secretary and Treasurer, who need not be
stockholders, and the latter offices may be
| combined by the Board in one person. The
| Board OF Directors may establish bylaws,
| rules and regulations for the government OF
the corporation and may also create com
! mittees for the management of the several
| departments of its business, including an
Executive Committee of not less than three
| members of the Board, which Committee
shall be empowered to exercise all the func-
tons of the Board of Directors during the
| recess of said Board, save those herein re-
served for the full Board. Vacancies in the
Board of Directors shall be filled by the
| remaining members thereof.
ARTICLE VI-The power and right to de-
clare dividends is vested exclusively in the
Board Of Directors, who are specially au-
! thorized 70 retain the profits and earnings
| for the of the corporation in whole or
| in part, and for such time as in the judy
ment of said Board may be necessary by
reason of the financial needs and require
| ments of the corporation the emergency
of the time. Such profits and earnings 50
| withheld by the corporation shall be con
| sidered part OF the corporate funds until the
| necessity and of the same shall have
been terminated by the action of the Board
declaring dividends therefrom.
| ARTICLE VII.-Any monies deposited
with or loaned to the corporation by stock
holders shall earn not exceeding six per
cent. interest per annum, payable on divi-
4
| Board OF Directors to pay said money at any
time when in its opinion the same is no
longer needed by the corporation.
| ARTICLE VIII-This charter may be
amended, altered or modified, or the capital
| stock increased or decreased, at a meeting
of the stockholders duly called for that pur,
pose, and in such manner may be permit
| ted by the laws of Louisiana now or here
after enacted. This corporation may be dis
| solved in the manner provided by any Law
lof Ion Sia here Cd
| ARTICLE IX.-Upon the termination Of
the charter or upon the dissolution Of the
corporation, its affairs shall be liquidatet
in the manner provided by any law OF Louis
lana now or hereafter enacted.
ARTICLE Mo stakeholder shall ever bt
held liable responsible for the contract:
or faults of this corporation in any further
sum than the unpaid balance due to thi:
corporation on the shares owned by him, moi
shall any mere informality in organization
have the effect of rendering this charter null
or of exposing the stockholders TO any liza
bility beyond such unpaid balance.
| ARTICLE XI.-Wherever notice is re
quired by law or by this charter, the same
may be given in writing delivered in per
son or sent to the last known address a;
is prescribed in Article V of this Charter
and twenty-four hours will be sufficient foi
| all purposes except otherwise prescribed by
law. Any notices required by law or by
| this charter may be waived by unanimou.
holders as the case may be, and such waiver
| shall be entered on the minutes of the meet
ing to which they apply.
| Thus done and passed, in my notarial of
| flee, in the City of New Orleans, on The
date aforesaid, in the presence of Louis
| Gelpi and Anna Morren, competent witnesses
who have hereunto signed their names witt
the said parties, who have set out their ad
dresses and the number of shares held by
them, and me, Notary, after reading Of the
whole. Original SigneD Louis Adrier
Block, l,2SO shares, OBI Catina St, New
Orleans, La; Mary L. Smith, 20 shares. 3l(
Taylor Ave, New Orleans, La. n. J. Bar
rios, per L. A. Block, 80 shares, 6S37 Wes'
End Blvd, New Orleans, La; Hughes Fer
nandez, Ol Ringold St, New Orleans, La.
IS shares; Benz. w; Herman, 25 shares los
State ST. New Orleans, La. Witnesses
Louis J. Gelpi, Anna Morrell. HENRY p
| DART, Jr., Notary Public.
Recorded in the office OF Recorder of Mort
cages, for the Parish of Orleans, on October
| IS 1918, in Book 1922, Folio -.
| | certify that the foregoing is a true and
correct copy of the original on file in my
office. HENRY ?. DART, Jr., Notary Pub
lie.
Oct. 7-2+5l: Nov. 7-l4-2l