The herald. [volume] (New Orleans, La.) 1905-1953, 1918-08-01
CHARTERS

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s... ... "a. ".."oat v0hs,
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l-e'r-rei s,o,l saliy ~.
.'."s'. he total issue !. s'es
. .'.. .A-.'- pae Hundred T sue Sd
s-- ..'..r eNceY. by tiaa35a'aat
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We ..--. offered . the s.ort go % isss.s
,.-a g.. .--.- -3.tiags. Aa''ders i :,
Il. ---..t.-a.es Of g,,L
company -.-.. be signed Ss1et
I .- > Vase pres,4r-e, 9y he
r. ~ the Secre,ary V :.
. 80. -'.s c0rpOra,iop -, - i'sS
.-i .1 books Of the eo- "a
60 s'-.l-- 30 such resul,,;sS-'ios
..-.. ...' .- may be. by ,5e R oSs, x
-..' ..- ..r 30 time p-eser,S.ll i
ARTICLE Wan corno-
'-.' .-'-.. 90, including Il. p~a
,.r preferred stock as s6ovs Pss
~ vested ia and eXerc,ssS tForl,;
I DiEc-t'!s composed Of i,pr ~. =! sas
,"1 '. "-.U. snail coastirrr.' '''Aaa'ea
80 80 -. may 'o.e IN person q,
-. 20. d. an! meetings =, ts
-. -. Peg -.a5 oT special b., ~
-. .-...-As as presi5ipg =
.'--l. .s- 'aa.. be entitled q, w
- -'.5.e -...a one vote The ~
Ieo,J'S s--.- 'e elected aanBSuS ".e's
9-a ---.---y VI NJyenhs- =
AFTER dare hereof. The f,r,, p D 'ls
FgctJIs ~ his corporation sb,n "y2te q
81 Il. /. ta.k, President. "a * 2 -.
Sc-Tetat-; Nm. Mason So NI,N
Dent X. /. Farrell, Trs,s,-.- 'nsa
ilrst named directors heinz ~ Z
Class \ stockholders an !. aaS
named being the choice Of - ~
stockholders " TX Uas I
Inc aforesaid Directors ss,u,
oi'ice una. the second ThurSSs, =. =
Der, !yls, y Until. their s,,rsss:.. M
ed and qualified. All elec,i,1,S !, E, Z
saa.. be by ballot at the offics !, = ~
ZION and mo der the superv;s;o- " y. ~
OF Directors %. their appoin,,., y
N'..ce - meetings fstockS,ls.
nerelA otherwise provided, or a - -
law shal! consist Of a fifteen a, -
writing by mail to each s,ockS.i..H. e
last known address as appear, -
OF the corporation. Failure "a 49,
address snail permit notice "a n
General Delivery in the CITY AZ
/ Eacn stakeholder at such ,r,-,, %
| meeting, general or special sh,H
| 20 one vote Tor each share AZ - x
| provided, however, as here;n,h,-.' y
ally set out that the s,o,kbois.,' -
A stJck shall have the righ, !, =.
Two Directors without inierte,;s, =
night OF stockholders Of Class 4
two Directors. and the stockhols,,, :
stock shall have the risht /. -
Directors without interfering ma -
OF stockholders OF Glass "a u -
Directors.
Should vacancy occur in Il, s-i
Directors, the same shall be filled by ,,.s
ment by the remaining Direc,ur 49,
the same class Of stock as the Dir,s- :.
office becomes vacant; in case 81 =
torshlpS OF either class shall b.ru-, ~
the vacancies shall be filled by ,es-,
the holders Of the same elass q ~ !
originally elected the direction n.
fees have become vacant.
Failure 10 elect Directors on a. A, ..
fled shall not dissolve the cOrpsr,s.
| the Directors shall remain in Off, =
| their successors are elected ana s.,S-
The Board Of Directors Al Their M =
| ing following each annual election III !
their number elect a President A Vrh
dent. Secretary and Tressu,f
The Board Of Directors is ht,,ht I.
power TO make, establish, alter M -
bylaws, rules and regulations ~ a,
tent with the charter Of the co.ports
shall have power and authority ,hrSat :
create liens, execute mortgages, N
bonds and other obligations in sa4 IN.
upon such terms and conditions and Z
manner and form as said Board ny n
mine.
ARTICLE VII.-Section l.-Wh.zw ! |
corporation shall be dissolved q. hytz
its affairs shall be liquidated BY w .
dators, one elected by the hOldcn 4 .
"A stock and one elected BY at IN
OF Class b" stock, elected Al -
meeting Of stockholders convenei |
purpose, or at regular annual ntrt1 |
either class Of stock fails or refuses =
liquidator, the other class nay &c 4 |
liquidators. This corporation nF
quidated at any time upon a vsi /
thirds Of the outstanding stock . =
feet. This corporation further nay ~
quidated upon the vote Of all he ~
either Glass "A" or Class B" stD,k Frz
such stockholders shall give vrrir = |
to the Board of Directors at nx =
days prior 10 the date OF the inra =
ing Of stockholders that it Is ne tssr
intention of all holders Of either -
or Class ''B" stock to cause lsntr
the affairs of the corporation
Section 3 In the event that ID :
dation takes place either y
of two-thirds Of the Outstand's
or by vote of all of Class "a IS
Class "B" stock as aforesaid. q sFI
cally herein provided and asFeff "
real property owned by sad coY'11s :
be sold and disposed Of in ne -
manner. to-wit:
There shall be advertised in drt
of general circulation in the uu -
Orleans at least twice week
days, and in a daily paper Of
culation in the City OF New Ion
twice a week for thirty days ne "
real estate and Improvements
poration. Such advertisement IN
sealed cash bids subject 10 any
mortgage on the property TO
sent 10 the President Of the ccrpa
sealed bids shall after having Hl x
by the President and after e.parr n
thirty days. be opened by ne - y
meeting Of the Board OF Dsrea -
by him for that purpose ana ~
shall. be disposed OF TO me
bidder subject TO outstanding nct -
provided. Il is the in,enfica
of the incorporators TO prouoe
method OF the sale and disp'a Z,
real estate holdings Of the eorps -
out the necessity Of public sac -
further proceedings than as e'sn -
The liquidators appointed ~ = 81
tion shall have full power siia =, 81
real estate and improvements 80
been made. as above indicates - 81
the proceeds and to liquidais y 2 .
standing interests OF the eorpoI.lS y
tribute the same. In the ess4
disability or resignation Of en-, A. d
hquidators the holders o. IN s,,,-5 ,
Glass "B'' stock shall III ny 80 q z
pending on whether the hqsl ss. -
pointed by Class "A o, ~
and upon failure or refusal . - = ?
liquidator may act win hk. - -
thority as was vested IN
tors. = ;.rrrrSs
hpTrCTE Widths act o. II