The herald., 1918-07-25
CHARTERS

'.r- AUDIT, and The 70 Tie ~
succession, exec,,oT hight Is ~
a,.'F.-'a. lcga,ee :, ssdHini,. We
iae 'urroration a, = dssOlv, =.
/ r..l.-, ' .h death unless IN sae Ne
...r % his death b,vnal Ninety d,N
..-' % Naid Cottam e. purdha,,.
les who are be- -. tasns,IS.
.' esquire said s,oc LLeleoy raS.s .
Whiting terms are vi
fal. p. IN 4'2 ri. v1 s....; shall b. d..
,-aH be accepted p srS;,to b, ~
i'H-e. except tbeTs ,OaiSilrily ,si
..,- p5.i''s shown by I N. Dc a.
4d"", 90 his death me firs =.
Ncg.soT'e Account and 30 % ne hslS.
Inc Profit 4 LoSs r,oiit L ~,
.. '.. -. al any lin. Di al
' .... .is.''a' and his hoJd;sauadIt lsSs.
.ltlally collec,sd Sli
10 fti t'.e by the Gu CO.. On san,
-.l-''a of each SEM S;oarporatOu
sr'e" years dating fror nanuai hi,
rn.e-r,, Shah Is deaf death after W. ~ y
Cor,5 ,r.as5 OF the account sSa III ~ ~
r'q he death of an,
-a.a H. Thorn. Cottana ny stOstAs.
'',g+s.i may be aequi,.Ss Ds 'Aars
.'lg.asers, o. either ~ !. oy u
..,e ~ The power conso VI t1ea "
rress-.l,5 ; gu majority Of ~ ", :
his Ariel. Inc preceding ,,.
. I2's corporation shall h. a.
II,,'.HI'.derS specially emn ~ ne aes
h,2]aFd OF Directors 10 sgsose'sd a.:
an OF the foregoing pro1;t aat q
s' rs, IN tins corporation ''''s''as ~
The substance OF r..
'1ar;er shall be stated 6';; p'O'isss
On ne face Of each c.,.;s ety and ~
shall. be conclusive no e.:;luiiea,. d ~
ing herewith. '''e % al prS~
That Article " !, ,u
follows: amended d =,
ARTICLE Iv.-The DOVE, -,
Stare dividends is vested cd . aat rs4
hoard u Directors. WIZ ausv,s
..h'TiZzed 10 retain the 9,o;;.. 'peats
Tor the Use Of the corno- D,.,;.slaat a,
IN part. and for such I'm. 0n u "
men- Of said Board m,- Sn@
r ,Ss,,. q the financial need, I sss
ments Of the corporation !, aa n
oil the times. Such pros;,, ne re
so withheld by the corpors, 49, a,d a,
sideTed part OF the corpors,. sla
necessity and use Of n. , mAe u
been terminated by the go, same al
declaring dividends theref,o,,' A Z
That Article V is amena.5
lows: sHuea % fsst \;
ARTICLE V.-Any mOn,,,
or loaned 10 the oorporat;o, hasrse Z
snail earn not exceeding Il, hssae
tereSt per annum, paya5I. W u
Ps'i R' me right is reserved IN s .'
OF directors to pay said nou,y !,
"heh IN ITS opinion the sam,
needed by the corporation =
ARTICLE VI.-That Artel. N
aforesaid original charter !, "
mat Article VII is amended Z s y
ARTICLE VII.-All the ,,,,,
vested by law or this th,r,., ~
tions shall be exercised by n. ~
reetors OF this Corporation. mia.
flght 70 manage, control, and di,,r Z
tairrs OF the Corporation, he cor,.,,.. !.
and TO sell the corporation !, -.
same into another corporation ~.
IN payment of any such sale ;, 49,
bonds, notes or stock Of N. 49,
merging corporation, or Of 4 n,r -.
created for the purpose, vitso., ~
sity. OF referring either or any of = !
to the stockholders.
The Board of Directors Of nj, e..
shall be composed Of five ,ieekhal5.-''
existing Board of Directors sh,Il ~ :
until rs successors are elected nj = |
fied. On the first Monday Of Mar \ |
and annually thereafter, an .l.rir !
be held by the stockholders ior ~,
Directors. Such election shall h ~.
by fifteen days written notice d n = |
holders, delivered in person or srt h
10 the address given in the current = I |
rectory, unless the address Of ,,s !. |
holder, shall have been Registered Vi , |
Secretary. The election shall Be hi ~
office Of the corporation at sud Il
may be fixed by the incumben, Nm
Directors and under the SUPERVISE, Z :
or more commissioners appointed u II
same. At such election each s.dsf
shall be entitled to one vote fr ed I,
of the capital stock held BY him i{ 4 |. |
persons receiving the highest rrsir Il
votes cast at said election shall b a.
elected, and the Board Of Dir.dn !
elected shall meet and organic nj
after said election as possible. A zr|
of the whole Board shall cons,isrt >
rum, and Directors absent OF unstk 81
tend may authorize Directors prusri u
resent them by written proxy iild vi u
Secretary and with all the poveu " II
sentees could exercise il present . II
son.
All routine business matters shall 70
cided by the majority vote Of III En|
present at such meeting, but any szx q
thing affecting the general policy, Frr
or corporate rights OF the coDcf,nr
be adopted only by the vote Of TIC nr71
of stock held by the individual ns.bn 4
the whole Board Of Directors. I'd -
entries shall be made % ~ q
same.
AT its first meeting after eleets, :
Board of Directors shall elect Frs
and one or more vice presidents 81 -
shall be stockholders, and . sersir
treasurer, who need not be sicckhsorn Z
the latter offices may be- combined :
Board in one person.
The Board of Directors may es!ahf ,
laws, rules and regulators for D.
ment of the corporation, and may .m :
for the management q . =
eral departments OF its business ~. 4,
an Executive Committee OF mol ~
three members OF the Board, NO
mittee shall be empowered % sf'x
the functions Of the Board Of DRESS
ing the recess Of said Board. save '''k :
in reserved for the full Board a
Vacancies in the Board Of Dfran
be filled by the remaining member
That Article VIII is snenaea v -
follows: -
ARTICLE vIII.-This ehsrt1 y "a
altered or modified o. N -
stock increased or decreased. AZ :
of the stockholders duly called in
pose. and in such manner as may
ted by the laws OF Louisiana ."
after enacted. ,-tts
This Corporation may be dis's.MII ~.
manner provided by any law
now or hereafter enacted. -
That Article TX is ainenoe'
follows: ..;..s.. I }
ARTICLE IX.-Upon the ternin.i1S.. I, :
charter or upon the dissolu'io1 .m.l.,s
poration. its affairs shall be 4,
the manner provided by any
lana now or hereafter ense'ea . A g
ARTICLE X.-That Article = -
nal charter aforesaid Is HEREBY !, "a !
That Article NJ is snenoe'
follows: ,-,a., al q
ARTICLE M.-No stosksslaeii I, 4 :
be held liable or responsive = Z 3
tracts or faults Of this cofpIai'S .i,ca }
further sum than the unpaio ... ~
to this Corporation on the SEA-. 4 q
him nor shall any mere infernaa si,1a ;
nization have the effect Of .,rI5ir'
charter null, or Of exposing ns 100 :
to any liability beyond s''A
NICE. al tNvfr