The herald., 1918-09-26
CHARTER

and perform such duties as may be prescribed
| by said Board. and who may be removed at
| the Measure OF the Board. The directors
shall have the right TO I'LL all vacancies oc-
| curing in their number from death Teslg-
| nation or otherwise and should the stock
| holders AT their annual meeting fail to elect
| the full five directors, then ana IN tnal
| event the directors elected by the stockhold
ers shall have the right TO elect such aIdi,
tional directors in order 10 nave iHII
| Board r
| ARTICLE VII-The annual meeting Of
! the Stockholders for the election OF directors
shall be held the fourth Monday OF Au-
gust Of each year, commencing with AusuSt'
| 1919. The election for directors shall be by
ballot, and the majority IN amount OF STOCK
voting shall elect the persons tor ~hohs
they are cast Each share OF stock V9teI
upon to be counted for but one vote Said
stock shall not be entitled TO cumulative
voting The Board OF Directors shall give
at least fifteen days notice by mail Of the
election of SAID directors, and snaA aPPo'it
one or more stockholders 10 preside al SucH
election. Any failure from any cause "H"t
Soeyer to elect directors on the day naiheH
for that purpose shall not dissolve the cor
poratiou. but the directors then IN oiliCe
Shall hold over until their successors nave
been chosen and have quailned: --
ARTICLE NIII.-No stockholder snail ever
he held liable or responsible for the contracts,
faults or debts Of this corporation, nor shdH
any mere informality IN It's organlzdtoiE--,haNe
the effect Of rendering this charter nun o'
of exposing its shareholders TO any Hablhty
beyond the unpaid balance due on inc '''oN
owned by them.
ARTICLE IN-Al transfers OF the capital
stock OF this corporation shall be made on
The hooks OF the corporation, and no trans
fer shall be binding on this corporation IN
any manner whatever, unless 50 entered
No sale Of stock of this corporation snaIi DC
valid, unless first offered for 4 pe'lIu %
thirty DAYS TO the stockholders. through the
II. Ttrt.- nj
rs hook value. Upon the failure OF the
Stockholders to avail themselves OF such pai-
chase during the said period OF thir'y Gay
notation OF such fact shall be made by 'He
Secretary Treasurer, upon such ceTtllCate oI
certificates having been previously tenueteI
in accordance herewith, and thereafter salu
stock may be sold without lur'her festIIS
ton Succeeding purchasers thereof s'd.i'
the stockholders for a term and at value
hereinabove designated before dlsposing oil
same, and all stock acquired in this corpora
tion shall be subject to the provisions oil ti'S
ARTICLE X-This charter may be
amended. altered or changed, at special
meeting of the stockholders called tor that
purpose, after fifteen days notice by man
has been given to the stockholders oil res
ord. by vote Of two thirds OF all outstand-
ing capital stock.
ARTICLE NI.-This corporation may De
dissolved, by vote OF two thirds OF an OUT
standing stock, and upon complying WIN tle |
rrrrlIrements OF Section q OF ACT <oI OF inc
I,uisiana Legislature for the year 1914. and
!, I'M. event OF such dissolution. lquidatorS |
shall be named and appointed with all the |
necessary powers and authority ds set Ioi'"
in said Act 267 OF 1914
conferred on the Board OF Directors Of ms
the said Board is specially vested
with. the power Of purchasing ana aSqulILhs
such business or businesses, as IN IT'S luug
he
fare of this corporation, and IN payment
thereof. to issue capital stock OF TINS corpora
ton, in such amount as IN their jug
ment said business or businesses are WORTH
ARTICLE \IlI.-NhereaS. the subscrlp-
tions OF certain stockholders TO the capital
stock of this corporation consist IN property
to be transferred TO this corpoTaion' IN &C
cordance with the provisions Of sectlon uree
of Act 267 of the Louisiana Legislature oil
the year 1914 there is now annexed 10 these
articles of Incorporation, and to be read IN
connection Herewith, an accurate, detained
and itemized description of such property,
together with statement OF us APPRAISER
value by the directors OF this corporation'
the same as if set forth in detail IN his CHAR
ARTICLE XIV.-The names and post-of-
flee addresses of the subscribers TO these
articles of Incorporation, and the number oil
shares of stock subscribed by each, are as
follows:
respective subscriptions re- , |
Thus done and passed in my office, IN the
-ity of New Orleans, La, on the day and
late first above written, in the presence OF
Nessrs. Irwin Thomas and Leon ). Calm,
Competent witnesses. domiciled in this city,
Who signed these presents, together with the
PARTIES, and me, Notary, after a due reading
f the whole, the parties hereto aftixing OPP
,osite their respective names, their respec.
i've subscriptions to the capital stock OF
his corporation. which shall constitute the
riginal subscription list of all stock sub |
cribed in this corporation. Original sign
ID, Subscribers; No. of shares. Witnesses; /
irwin Thomas, Leon s Calm. IHEODOKE
l. SCHUBER, Notary Public.
|, the undersigned, Recorder OF Mort
ages. in and for the Parish of Orleans. State Z
I Louisiana. do hereby certify that the :
bove and foregoing Act of Incorporation
+ the Crescent City Cork Works, Inc, was
his day duly recorded in my office, IN Book
222. Folio AS New Orleans, September 4th, z
lIs (Signed) EMILE J. LEONARD, by, :
/, -o.onr
A true copy of original. THEODORE A.
CHUBER. Notary Public.
Sept. 1926, Oct. 5-l0-H-24.