The herald., 1918-10-24
CHARTER

ercsed by a Board Of Directors composed OF
Three 60 stockholders, who shall be elect
ed annually the First Thursday in Sep
TENDER Of each year beginning with the year
1919, a majority Of said Board shall con-
s;itute a quorum for the transaction Of any
and all business. At all elections each stock
holder shall be entitled to one vote for each
share Of stock held by him. and majority OF
votes cast shall elect. a failure TO elect
directors at a regular meeting shall not dis
solve the corporation, but the directors then
III office will continue 10 act until
their successors are elected and quail
lied. Notice OF the time OF holding any and
all meetings shall be given by the Secretary
20 each stakeholder, such notice to be sent
by mail, five days before such meeting. and
directed to each stakeholder al his last
known address. Immediately upon being
elected the directors shall elect from among
their own number a President. Nce-Presideu,
and Treasurer, and Secretary. The said
Board shall also have full power and au-
thorIty TO borrow money through the PresI-
dent or some other duly authorized agent or
agents; to execute mortgages and issue
notes, bonds or other obligations, and gem
orally to do all the things necessary for the
proper carrying on OF the business OF the
said corporation; as also 70 issue and de
liver full paid shares OF stock and bonds and
other obligations of the said corporation in
payment OF the money borrowed or money.
labor, services, property or rights actually
received by the said corporation. herein
o
Directors shall be filled by the remaining
members OF the Board. Until the next cleo
ton to be held under this charter, or until
their duly qualified successors are elected
and installed, the Board of Directors shall be
composed OF TheO. o. Hotard who shall be
President Walter p. Villere, who shall be
Vice President. and Treasurer; Louise Lee
Bon, who shall be Secretary.
ARTICLE NI.-The capital stock NAV be
increased or diminished upon complying with
fOrmalIties imposed by law
AK lCLE Nll.-Whenever this corporation
shall be dissolved, either by limitation or
from any other cause, its affairs shall be
llquidated by a committee of three stock
holders appointed at a general meeting of
the stockholders convened for that purpose.
and said committee shall have full power TO
perform all acts necessary for the purpose
OF liquidation.
ARTICLE VIII.-No stakeholder of this
corporation shall sell or dispose of his stock
without first offering the same for sale in
writing TO the other stockholders through its
Board Of Directors; any number of which
stockholders who desire TO purchase said
stock shall have the privilege Of buying it in |
proportion to the shares owned bv them AT |
the price bona fide offered therefor in writ !
ing by an outsider and submitted TO the
Board of Directors, and if no price is Of. /
tered by an outsider, then at the book value |
OF said stock within thirty days from the |
date OF such offer. the stockholders offer. |
inE SAID stock may dispose Of the same to any |
not be recognized unless such stock is trans
ierred on the books of the Company by the |
owner CT by his duly authorized agent
ARTICLE lN.-NO stakeholder of this cor. |
poration shall ever be held liable or respon- |
slDIe Tor the contracts or faults of this cor |
poration in any further sum than the un. |
pai1 balance due by him, if any, on the |
stock subscribed for by him; nor shall anv
mere Informaity in the organization have
the effect of rendering this charter null, or |
OF exposing any stakeholder, TO any liability |
beyond the unpaid balance, if any. due by |
MN. tor stock subscribed for by him.
nus done and passed in my office, in the |
City OF New Orleans, aforesaid the day.
month and year first above written. in the
presence of J. Lehman, and l. Fred. Andry.
both witnesses of lawful age and residing |
IN this City, who sign hereunto, together
with said parties, and me, Notary, after due
reading of the whole.
- (Origlnal signed, Theo. o. Hotard. New
Orleans. La, % shares : Walter P. Villere.
New Orleans, La. 80 shares; Louise NJ. lie,
Bon, New Orleans, La, share Witnesses:
J. Lehman, l. Fred. Andry.
ROBERT E. OCONNOR, Notary Public
l. the undersigned Recorder of Mortgages.
in and for the Parish of Orleans. State OF |
Louisiana, do hereby certify that the above
ana foregoing Act of Incorporation of the
A!Eiers Construction Co, Inc, was this day |
iuiy recorded IN my office, in Book I222, Folio |
,Signed EMILE J. LEONARD, DIV. R.
certify that the above is true copv of Il
the original Act of Incorporation of the AL
gers Construction Co., Inc, and the certi- II
iclte of the Recorder of Mortgages on file
and OF record in my notarial archives (Siqn III
I'D ROBERT E. O'CONNOR, Not. Pub N
Sept. 1926, Oct 3-1O-l-24