The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-10
CHARTERS.

contrary to law, with any person, frm, asso-
citation or corporation, and 10 carry on any
otber business which under the law II may
he entitled 10 carry on, which may seem
10 the corporation to be calculated ulLeety
or indirectly, to effect the aforesaid ooJeS's
or either OF them, or 20 facilitate II IN inc
tr,rsaction of its aforesaid business or ouS-
;rasses NJ any part thereof, or IN the trans
acfion OF any other lawful business thar
NAV be calculated, directly or inalfecly, 70
enhance the value Of or to render pTohtaole'
any OF the corporations property ana TlgnIS
and generally TO hold and exercise all sueh
Incidental powers and privileges As leidte
20 the objects and purposes heTeinaooygi SCI er
convenien; for effecting said OBJECTS anu
ATrtiCIr V.-The authorized capital stock OF
this corporation IS hereby deeIareu 500 900 n11
sum OF One Hundred Thousand SlVO'oVoVoI1 |
5oII,-s which capital stock may be lncTedscu
in the manner provided by law, 70 o Sne ~
NJ Five Hundred Thousand (S9uO,VOO;VD -
a. The presently authorized capital OF TINS
,-n,-.tion shall be represented by one thou-
s,nd IOOO) shares Of the par value OF one hItl
d-cd $4,000 dollars each The sald CAPITA
stock shall be represented by ceruhcales any
shall be personal property. No tFansIe' %
Ia ,anit5l stock shall be binding upon tlls
co-norafion unless made in accordance WIZ
its charter and bylaws and recorded on the
books thereof. -. .L;s cor
,oration shall be fully paid and non-assess
p4Tauo o. ;ssred and Shall be issued only
Tor labor done or services EehHeIeu "a. he
nroperty actually received or iof SdsH "
ia At such times and IN such amounts anu
Zee such notice as may be determined Oy
the Board OF Directors. a.. co-n,
Article Wall the powers OF thls 90
ration shall be vested IN and eNet0lseJI ,,o no.
a Rnard OF not more than seven W anu Iii
is than 90 directors, each OF wholh s" "a
LoId i'm his own name. at least one VI
sba-e of stock. Said Board OF DiTeS'Grs So i
be elected annually on the oe'S Se. eTectio1
in January OF each year, the Hrst SIcr.
=. he hid in the year 1919. All suSh -
lions shall be by ballot, al the once "a 80
cornoration. under the SUPERVISION Ii H.
| tD commissioners, to DC APPII,'' aLseIce OF
En,rd of Directors, and IN the apsTn0SS -
| -, commissioner, the President shaIl nav
power to fill the place by iii meet
| ~ all such elections, as wen as % az -NNse
| ;rgs al stockholders, except LOT inc pP;So
| of Humiliation or dissolution, or as Gll sbaII
| yao,,;Ied bv law, ten Q0) days nouGe shd 81
be given by mailing to eacn s'oe Sc corno-
| appears as such on the books Gi eie ~ AZ
Zion. at his last designated address, % Le
| - ,,,e~ai delivery at New Orleans, II nc
| IN not designated an address, an anhoun n
meut stating the time and place Vi ny 70
| ;ng. Each shareholder shall sc e5;V,a in
| Is Is vate for each share OF stock STANDING ~
as name on the books OF, the company "
he cast in person or by proxy ana ana ma ina
;oritv of the vote shall elect. ime N 81.
4 Of Directors shall have power 20 ~ Sn;lrTe
ca,c;es that NAV occur in the board rdiIul i
| =. -, directors on the day above speclnSSu
hail not dissolve the corporation, ou' c. So
| l;ac.ors then in office shall remain IN oiIiES
until their successors are eIection Shall
;6ed Due notice OF another eieCtI1' 80
| s.L,,,;tb he given as above PROVIDED. ouSl
I go If election shall be continued 70 ot
| given until an election is held: Inc Doa :. :
| % directors at their first meeting iollom iIs
| Vi - a,,ual election shall elect from then
number a President, a Vice-Preslaent aaS
Secretary Treasurer, and such other ON
. rAiers as the Board of Directors shdlI - !;
. | necessary. The Board shall have po"ea4, -
! ne; d;srret;on. TO unite two or more ofhces
! "a the same to confer upon one PSIson
tand shall have the power to NIX me SAD. az,
of all officers and all such other o1rCel9 az,
! | en,nloves as they deem necessary lhS Ia N
| - fD;yectors shall have power to make am ny
,a6i;sb as well as alter and amend ID
Iby.laws rules and regulations necesssi s a.,
! proper or the support and manageHlentt % 10
b,s;oess and affairs OF said corporation, nv
! | ;oconsistent with its charter. sara podi'
! sbaIl also have full power and autnoIly
borrow money,a and through the fTesluent
| some other duly authorized agent u S. %
| n execute mortgages, issue notes, ooII'
o,ber ALLEGATIONS in such amount ana VI
enrb terms as in their judgment may oe aa
; vantageous; and generally to do all tnIHs
, reasonably necessary Tor me PloP Por,t;on a.
on Of the business of this corporation,
= oiso N issue and delive full-paid shares Q
! | stock and bonds or obligations OF TINS co.
! l noration, in payment OF money oorroWeu' =
: l money, labor, or services, aie PoIfpora,;o,
as be-etofore set forth; and shall have powe
| 4 to do all such acts and things as ma o,,,
4 necessary to carry out the oo)ects anu pIi
!. poses for which this corporation Mi II constitut
ouor,Im for the transaction OF any business
;. AT any meeting Of the board any ulIe1.o
! absent from the meeting may De feple s' ~
> lby anv other director, who may CAST u,
:, vote of said absent director, according
he written instructions of said absent dlreS
> tor The Board of Directors shall nave IN
> power by vote of not less than nAIolI III.
/ thereof TO sell, lease, mortgage, oy ooIl'
i mortgage or otherwise, or to pledge any an
d ali Of the property, movable or immovaoi'
6 belonging 20 the corporation, or 70 receive !
| exchange therefor money OF STOCKS VI 49,
~ other obligations of another corporation
= w;thout referring TO the shareholders &c
r he mower to do so; and they may also pu
IS chase for stock in this corporation OF &c
3 cash or on credit, property Oh any ~ s m
a corporation, without authority oil the shd'
Until the next general meeting to be hel
!. under this charter on the secona luesuSys .
d Successors are elected and installed, II
Is the Board of Directors shall be composed
c. II Schooley, $50 North. Dearborn > 81
e Chicago, Illinois; sylvan A D Gra,iS' Bsa,
IS fort. South Carolina, with C. H. Scnoole
IS AZ President, with Sylvan A. Graua
rs Vice-rresident, and George Drewry as DC
al rotary Treasurer.
o. Aticle VII-This charter may be amende
o. and the capital stock of this corporation ma
er be increased or decreased, or this corpor
i'd ton NAV be dissolved in the method ar
or manner provided by law
.dl Article VIII.-No stakeholder OF this co
IN poration shall ever be held liable or respo
IN sble for the contracts or faults OF this co
ne poration in any further sum than the unpa
balance on the stock for which he has su
m scribed. nor shall any mere informality
OF organization have the effect Of rendering tn
| charter null err of exposing stakeholder
II any liability than as above provided.
III Article IX.-No stakeholder may sell, a
sign or transfer his stock in this corporate
| without giving to the company, through
Secretary, thirty 600 days prior notice
writing of such intention. and the 9th
stockholders shall have the first privile
of purchasing the said stock at the boz
] value thereof for a period of thirty da
from said notice, after the expiration
= which time said stock may be sold in t
| open market.
Thus done and passed in my Office
the City of New Orleans, Louisiana. on &
day, month and year first above written,
the presence of Herbert Helmke and Eli
| Pickett, competent witnesses. who hereun
sign their names with said appearers and n
Notary, after due reading of the whole.
(Original signed0 c H Schooley. per .