The herald., 1918-10-03
CHARTERS

have been given in one newspaper published
in the city Of New Orleans as above pro
vided.
Five % directors shall constitute a quo
rum for the transaction of any business
The Board of Directors hereafter elected
shall select from their own number a Presi-
dent. a Nice-President. and as many other
Niee-Presidents, as 1t may conclude to elect;
a Secretary, an Assistant Secretary and a
Treasurer and the said board shall have the
power either to combine or separate the
Offices OF Secretary and Treasurer. II may
appoint from time 10 time such other off
GERS, clerks, agents or other employees as il
may deem necessary for the purposes and
business of the said corporation who shall
hold office at the pleasure OF the Board. The
President or Acting President of the Com
pany, shall subject to the control of the
Board of Directors of the Company have
power 10 institute and defend all suits in
which the corporation is interested and to
give all bonds necessary and proper in the
prosecution or defense OF such litigation. The
said Board of Directors may make and es-
tablish, well as alter and amend anv and
all bylaws, rules and regulations necessary
and proper for the support and management
OF the business and affairs OF the corporation.
The said board shall have full power and
authority to borrow money. issue notes or
other ALLEGATIONS in the ordinary course OF
business, and TO secure the same by pledge
or mortgage, and generally TO do all things
reasonable necessary for the proper carry
ing on OF the business of the corporation.
and also to issue and deliver full paid shares
or stock for cash, or in payment of labor
done or property actually received or pur-
chased by the said corporation. Each direc-
tor shall have authority to appoint in writ
ing proxy to represent him at all meetings
of the board
ARTICLE VI.-Whenever this corporation
may be dissolved either by limitation or
from any other cause, its affairs shall be IL
quldated by three commissioners TO be ap-
pointed from amongst the stockholders az a
general meeting Of stockholders convened for
such purpose, of which meeting notice shall
be gwen IN the manner and time provided
for stockholders meetings by Article Seven
OF this charter; and a majority in amount of
the capital stock of said company represented
at such meeting shall be requisite TO elect.
sara commits sioners shall remain in office
until the affairs of said corporation shall
have been fully liqudated In case of death
or resignation OF one or more of said com
missioners the vacancy shall be filled by
election by the surviving commissioners
ARTICLE NII-This article of incorpora-
ton may be modified, changed or altered.
or said corporation may be dissolved upon
compliance with law
ARTICLE VIII-No stakeholder shall ever
be held liable for the contracts or faults of
said corporation in any further sum than the
unpaid balance due the corporation on the
shares OF stock owned by him, nor shall any
mere informality in organization have the
effect OF rendering this charter null or of
yond the unpaid amount remaining due on
his stock vi
And the said appearers moreover declared
that, IN consequence of the foregoing and
pursuant to the authority in them vested by
the stockholders of said Company, thew do
hereby formally declare publicly and make
known that IN the manner prescribed by law
and agreeable to the provisions of the char
ter OF the said Gulf Coast Transportation
Company, passed before me, the undersigned
Notary Public, has been changed, altered and
amended, herein above set forth and
written, and they do hereby direct and re
quire that the above stated changes and
amendments of the charter Of the Gulf Coast
Transportation Company be recorded and pub
llshed in the manner prescribed by law. 70
the end that the said changes and amend
ments, hereafter and al all time be as here
nabove set forth, as regards all persons that
ers OF the aforesaid Company.
thus done and passed at my office in
the City of New Orleans, on the day, month
and year herein first above written in the
Seller, competent witnesses, who hereunto
sign their names with the said appearers
and me, Notary, after a reading Of the
whole.
Witnesses: Jacob F. Baer, Ruth NJ.
Seller.
Original Signed
+. w. Salmen, Chairman; J. A. Salmen,
Secretary.
"A. MORENO.
Notary Public.
/, the undersigned, Recorder of Mortgages,
in and for the Parish of Orleans, State of
louisiana, do hereby certify that the above
and foregoing Amended Charter of the Gulf
Coast Transportation Company was this day
duly recorded in my office, in Book l225,
Folio 376.
New Orleans, August 10th, 1918
EMILE J. LEONARD,
Deputy Recorder.
A true copy of the original now on file in
my office.
"A. MORENO,
Notary Public.