The herald., 1918-08-29
Charters

10y such Ders,,
' lay@ea. Of g' 5t5.., TN "'
--P.;1. stock Of - o''''a
sad ly5yJ,J,GGGs sun u
."...--s o; al ~ Dollsr, se
.a.. .... -.i 10y that puf g,S a
.H9a may ~i,5 'as ear,s,.
....- AID At the ,at.loui ar,sSS,'S
.--.-s uga5 A., so''Ii'etioa q;
l...---s. ' s.a,t end, issue ~, "a
"- -.s dead not to ,''s s, voa,,
.... ave Such pr efSset ~. p
SRA .a- same vo n pan ina
..'.. O.; the holders '' {: M.
sues Of pr 1i a ,ss 1: i.
Preferred Soil se!l !,
iae total ISSUE s..'. :. s';s
.A.--4 One Hpn5..H saSs (
'.9l except J h. 1aes,,,'
.s .-.. f A-y Preferred s tsi1;,'s
,.. 3D. their holdings ''0Skaolsis,
-t.. certificates al
VA, sl-.i De signed 'i,a;.
....-.s.saea by the Ss !, he CpsS
..-" o. ms corpor ,..,'iy e 1,
i..-- .l .ac books y =, saaa q,
-.- subject 10 sucb - As e19sa.
~. .-.a -: :.a --y :, o. 81, BY Z: i T..
A&i--LE Wan o s,,'s'''t
Rails -.-..-4.lya. incl. 4SO'pors,s -
Preferred stoek as -, ~, Z, he
'.--r- IA 4ad exs,- 1--we ,P'arS
1'.--...s composed OF io1. a Van
500 " "-1I shall coa,,,,'..H asfi,le
b..--i.-s may vote In -. a lSrs
s." Proxy a; any msst,n.s a q Il
"-e..~- regular OF sDec,aia q k'j
-. whether acting a. n. b. n
..''t."isc shall be euti,lsS' 'o-'g c.
~ more ,aau one VOTE % AZ
te-.yEs saa.. he elecrsS Ias bor,
o.- thursday OF Move ay 4 ) i
-.-eT dl.e hereof. HE S,... a u
.se'IF' 81 this corporation ' ~, Sa';:
u H. /. Falk, Presids--,,. 'Ial. < ~
80 a.. E. '4I5 Nm; Mason Sr = '' n
DENT DENT X, Z. Farrell, T, rs Vi
ii;s- named directors b.;. ,.'ls' Z
lass a Stockholders .Es q =,
named being the cbSirs 40 - I, a
stockholders. " II o. n
4ae aforesaid Direc,or, d.,
2li.oe Until Until the second T5v,,,-5t.a. 4
yG5T' 4yiy, or until their ., ,-.sa.y q \
ed ana qualified. All .i,r, Ss.'al e !
Saa!! be by ballot al the ofs.' q "a
non and under the supery,, ,sS = ' = .,
Of directors or their appOi5..., " Z
Notice Of meetings . fs,1.1,,
HerelH otherwise provided !, :
law shall consist Of a f,,s.s 'es--s
writing by mail to each 49, ~
last known address as apc,,r ,-, = Z
Oh 'Ae corporation. Failure !, =
address shall permit pot;c. . 'si'Ee
General Delivery in the Civ Nv Z
Zach stockholder at sucb 80, : ass "a
meeting general or special, a., ar 4
70 one vote for each shar. n -.
PROVIDED, however, as her,;.,h, ~ e
ally set out that the stocI5-is. p
"A stock shall have the rss 49, :
two Directors without ipt,,s. : * :
night OF stockholders Of Cas, Y
Two Directors, and the stOckhal,.., Z
b stock shall have the M, : !.
Directors without intereriny "a = =
OF stockholders Of Class a = I
Directors. * ,
should vacancy occur in Il.
Directors, the same shall he f;r,I -
ment by the remaining Dire ~. =,
the same class Of stock as 4, n,,...-s
office becomes vacant; in ear, - =
torships Of either class shall ~. =
the yactncies shall be filled b. -.
the holders OF the sane cas-, 4 ~ /.
originally elected the direr,Dn -
iices have become vacant
Failure to elect Directors On i. IN
ned shall not dissolve the cunr.s, !.
the Directors shall remain II - /.
their successors are elected ans -
The Board Of Directors a, ,s.r r. !.
ing following each annual eler;n, ~ !,
their number elect a President 4 w.
dent a Secretary and Tressxu
The Board Of Directors is h.usr =
power to make, establish, alter X :
bylaws, rules and regulations ~ -
tent with the charter Of the eOrer,1 !.
shall have power and authority tn Z
agents as II may determine to bo-u =
create liens, execute mortugs 4.
bonds and other obligations IA I'd 4.
upon such terms and conditions NJ :
manner and form as said Bosi ~ I.
mine.
ARTICLE VII.-SectiOn l-WA-ss !
corporation shall be dissolved o. IN
Its affairs shall be liQuidaied hy n :
datorS, one elected by the hoIi.n i
a stock and one elected BY Il u
Of Class "B" stock, elected At "a
meeting OF stockholders conv,ni + !
purpose, or at a regular annsll se1
either class Of stock fails or refusu !,
a liquidator, the other class nay 20
liquidators. This corporation ng J
quidated at any time upon W. !
thirds Of the outstanding s.OSk =
feet. This corporation further IA ii
quidated upon the vote Of al d. sZ=l
either Class "A" or Class B" Sod ~
such stockholders shall give vnrn q
TO the Board Of Directors at ae :
days prior TO the date Of The inra :
ing of stockholders that it IS tht trfs
intention of all holders Of siihr uss ]
or Class "B" stock 10 cause a lqHit<I
the affairs Of the corporation .
Section ,. In the event that " :
dation takes place either y ~
of two thirds Of the outstantlg !
or by vote of all Of Class a = u
Class "B" stock as Aforesaid. 4 > :,
cally herein provided and igesd =
real property owned BY sad eorp'i,-s
be sold and disposed Of IN ne ~
manner, to-wit: -,
There shall be advertised IN O.
of general circulation in the eiv
Orleans at least twice week . /.
days, and in a daily paper o. g;'s.
culation in the City Of New i'o
twice a week for thirty days 'ne * I ,
real estate and Improvements y ~ !.
poration. Such advertisements ~ I
sealed cash bids subject to any - y !.
mortgage on the property TO y -
sent to the President Of the corl'nn ,. !
sealed bids shall after hssing oet, "
by the President and after eipl',s, 80, !
thirty days, be opened BY ne To- !.
meeting of the Board OF Die1. - :
bv him for that purpose and ~ ~
shall be disposed OF 70 ne - /
bidder subject TO OUTSTANDING n@s =
provided. Il is the intenno1 ~,
of the incorporators to pfouN
a method of the sale and disos.
real estate holdings Of the eo,Pe n
out the necessity Of public sak -
further proceedings than as ,r''% Z,
The liquidators appointed y 4, Z,
ton shall have full power si,a - /
real estate and improvements ~,
been made. as above indicated p -,
the proceeds and to liquidais y y. q
standing interests Of the eofpol, !
tribute the same. In the sssL
disability or resignation Of sin' 4
the holders d cav -.
49, ap;, s.,cL shaII fill the rsS-.
pending on whether the hqgla s. r ;
pointed BY Class "a or ~
and upon failure or refusal % o., 3