The herald., 1918-05-02
CHARTERS.

pointed by the Board of Directors. and
in the absence of any commissioner, the
President shall have power to fill the
place by appointment, and of all such
elections, as well as of all meetings OF
stockholders, except for the purpose OF
liquidation. or dissolution, or as other.
wise required by law, ten (lO) days
notice shall be given by mailing to each
stakeholder who appears as such on the
books of the corporation, at his last
designated address. or at the general
delivery at New Orleans, if he has not
designated an address. an announcement
stating the time and place of the meet
ing. Each shareholder shall be entitled
to one vote for each share of stock
standing in his name on the books of
the company. to be cast in person or by
proxy, and majority of the vote cast
shall elect. The Board OF Directors shall
have power to fill all vacancies that
may occur i'm the Board. Failure to
elect directors on the day above SpeCi-
fled shall not dissolve the corporate
but the directors then in office shall re-
main in Office until their successors are
elected and qualified. Due notice of an
other election shall forthwith be given,
as above provided. Such notice of cleo
ton shall be continued to be given until
an election is held. The Board of Di-
rectors at their first meeting following
each annual election shall elect from
their number a President, Vice-Pres-
ident and a Secretary-TreaSurer, and
such other officers as the Board of Di-
rectOrs shall deem necessary. The
Board shall have power, in its dis
erection, to unite two or more offices. and
the same to confer upon one person, and
shall have power to nix the salaries or
all officers and all such other othcers
and employees as they deem necessary.
The Board of Directors shall have power
to make and establish, as well as alter
and aemnd. all bylaws, rules and regu-
lationS necessary and proper for the
support and management of the bust
ness and affairs of said Corporation, not
inconsistent with it's charter. Said
Board shall also have full power and
authority to borrow money. and through
the President or some other duly au-
thoriZed agent or agents, to execute
mortgages, issue notes, bonds or other
obligations. in such amount and on such
terms as in their judgment may be adj
VantageOuS, and generally to do all
things rea Sonably necessary for the
proper carrying on Of the business OF
this Corporation, as also to issue and
deliver full-paid shares of stock and
bonds or obligations of this Corporation,
in payment of money borrowed, or
money, labor, or services, and property
or rights actually received by this cor
poration, as heretofore set forth; and
shall have power to do all such acts
and things as may be necessary to carry
out the objects and purposes for which
this corporation is organized.
A majority of the directors shall con-
stitute a quorum for the transaction OF
any business. At any meeting of the
board any director absent from the
meeting may be represented by any
other director. who may cast the vote of
said absent director, according to the
written instructions of said absent di-
rector. The Board of Directors, shall
have the power, by vote of not less than
a majority thereof. to sell, lease. mort
gage, by bond mortgage or otherwise. or
to pledge, any and all of the property
movable or immovable, belonging to the
corporation, or to receive in exchange
therefor, money or stocks or bonds or
oh loot .pc Of h.Ys npTaf.r rot ion
without referring to the shareholders
for the power to do so; and they may
also purchase for stock in this corpora
ton or for cash or on credit. property
purposes of this corporation, without
of the shareholders.
Until the next general meeting to be
held under this charter on the Second
Monday in April, 1919, or until their
duly qualified successors are elected and
installed, the Board of Directors shall
Orleans, La; jefferson ID. Burnett, New
Orleans La; Ernest Dionne. New Or
leans. La, with Joseph Kruebbe as pres |
ident, with jefferson ID. Burnett as vice
ARTICLE VII.
This charter may be amended. and the |
capital stock of this corporation may
pOratiOn may be dissolved in the method |
and manner provided bv law.
ARTICLE VIII.
No tockholder of this corporation |
shall ever be held liable or responsible |
for the contracts or faults of this cor
poration in any further sum than the |
unpaid balance on the stock for which |
he has subscribed, nor shall any mere
informality in organization have the eff
feet of rendering this chatter null or of
exposing stakeholder to any liability
than as above provided
ARTICLE IX.
No stakeholder may sell, assign or
transfer his stock in this corporation |
without giving to the company, through
notice in writing of such intention, and |
the other stockholders shall have the |
first, privilege. of purchasing the said
stock at the book value thereof for a |
period of thirty days from said notice. |
after the expiration of which time said |
stock may be sold in the open market.
the City of New Orleans, Louisiana, on
the day, month and year first above |
in the present of Samuel Man |
fire and Eliza Pickett. competent wit |
with said appearers and me, notary
after the reading of the whole.
(Original signedl: Samuel Manfre. |
Eliza Pickett, J. L. Wise, 5 shares: ]. H. |
all above by Ernest Dionne.; Joseph IL. |
% shares; jefferson ID. Bur-
nett, 20 shares; Ernest Dionne. Is
shares. OSCAR SCHREIBER.
Notary Public.
I, the undersigned Recorder of Mort
cages, in and for the Parish of Orleans,
state of Louisiana, do hereby certify
hat the above and foregoing Act of In
of the Liberty Sand and
Gravel Company, Inc, was this day
July recorded in my office in Book 1919.
folio
New Orleans. La, April %, 1918.
(Signed): Emile J. Leonard. ID. r.
| hereby certify that the above and
foregoing is a true and correct copy of
1,s aerfVa 10 In aNf
rial register. OSCAR SCHREIBER.
Notary Public.
May2-9-16-23-3O-Jun