The herald. [volume] (New Orleans, La.) 1905-1953, 1918-11-21
CHARTER

Secretary and Treasurer, who need not b,
| stockholders, and the latter offices may bt
| combined by the Board in one person. The
Board OF Directors may establish bylaws
rules and regulations for the government Of
| the corporation and may also create com
mittees for the management of the several
| departments of its business, including an
| Executive Committee of not less than three
members of the Board, which Committee
| shall be empowered to exercise all the func-
! tons of the Board of Directors during the
recess of said Board, save those herein re-
| served for the full Board. Vacancies in the
Board of Directors shall be filled by the
remaining members thereof.
ARTICLE VI.-The power and right to de.
| clare dividends is vested exclusively in the
! thorized TO retain the profits and earnings
for the use of the corporation in whole or
| in part, and for such time as in the judg-
ment of said Board may be necessary by
| reason of the financial needs and require
| ments of the corporation the emergency
of the time. Such profits and earnings SO
withheld by the corporation shall be con-
| sidered part OF the corporate funds until the
necessity and use of the same shall have
been terminated by the action of the Board
declaring dividends therefrom.
ARTICLE VII.-Any monies deposited
with or loaned to the corporation by stock
holders shall earn not exceeding six per
cent. interest per annum, payable divi.
| Board of Directors TO pay said money at any
time when in its opinion the same is no
longer needed by the corporation.
| ARTICLE VIII.-This charter may be
| amended, altered or modified, or the capital
stock increased or decreased, at a meeting
| of the stockholders duly called for that pur.
pose, and in such manner as may be permit
| ted by the laws of Louisiana now or here
after enacted This corporation may be dis.
solved in the manner provided by any law
| of Louisiana now or hereafter enacted.
| ARTICLE IX.-Upon the termination OF
| the charter or upon the dissolution of the
corporation, its affairs shall be liqudated
in the manner provided by any law of Louis
| lana now or hereafter enacted.
ARTICLE Mo stakeholder shall ever be
held liable or responsible for the contract.
or faults of this corporation in any further
| sum than the unpaid balance due to this
corporation on the shares owned by him, moi
shall any mere informality in organization
have the effect of rendering this charter null
or of exposing the stockholders to any liza
bility beyond such unpaid balance.
| ARTICLE XI.-Wherever notice is re-
quired by law or by this charter, the same
may be given in writing delivered in per
| son or sent to the last known address as
is prescribed in Article of this Charter,
and twenty -four hours will be sufficient for
all purposes except otherwise prescribed by
law Any notices required by law or by
this charter may be waived by unanimous
SoUSCill OF DOdIQ OF DlrcCtOrS OF Nne STOCK
holders as the case may be, and such waiver
shall be entered the minutes of the meet
ing to which they apply.
Thus done and passed, in my notarial Of
flee, in the City of New Orleans, on the
date aforesaid, in the presence of Louis J
Gelpi and Anna Morren, competent witnesses,
who have hereunto signed their names with
the said parties, who have set out their ad-
dresses and the number of shares held by
them, and me, Notary, after reading of the
whole. Original Signed) Louis Adrien
Block, l,2sO shares, 6l3l Catina ST., New
Orleans, La; Mary L. Smith, 20 shares, $40
Taylor Ave, New Orleans, La. N. J. Bar
rios, per L. A. Block, 50 shares, 6Sa West
End Blvd. New Orleans, La; Hughes Fer
nandez, 2ol Ringold ST., New Orleans, La,
Is shares; Benz. w: Herman. Is shares, 1855
State ST., New Orleans. La. Witnesses:
Louis J. Gelpi, Anna Morrell. HENRY p.
DART, Jr., Notary Public.
Recorded in the office of Recorder of Mort
cages. for the Parish of Orleans, on October
IS, 1918, in Book 1922, Folio -.
/ certify that the foregoing is a true and
correct copy of the original on file in my
office. HENRY P. DART, Jr., Notary Pub
lie.
Oct. l7-A-3i: Nov. 7-14-21.