The herald., 1918-06-06
CHARTER

corporation shall become a going concern
and shall he authorized to commence bust
ness as soon as twelve thousand, five hun
dred (S12.jOOOO dollars of its capital
stock shall have been paid for, either in
cash or for labor done, or services per
formed for said corporation, or for prop
erty or rights actually transferred TO ii.
Article N.-The capital stock of this cor
pOIatiOn may be increased to the sum of
one hundred thousand (S1OO,OOOOOl dol
lars, By vote of twO-thirds of all of the
stock, AT meeting called for that pur-
pose.
Article VI.-Transfer of stock shall be
made only on the books of the corpora
tiOn, subject to such regulations and for
malities as the Board of Directors may
prescribe.
Article VII-AIl the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors, com
| posed of five 90 stockholders, three of
whom shall constitute a quorum for the
| transaction of business
DIR. j. W. LamOn, of McElrOy, La. J..
| Paul Bourgeois, of Gonzales, La, William
l.. Haynes of McElrOy, La, Mrs. WesSey
+. Breaux, of New Orleans, La, and Har
~ Henderson, of New Orleans. La, shall
compose the first board of directors of
this corporation. This first board of di-
rcctOrs shall serve until the second Mon
day in May, 1919, after which the Direc
tors shall be elected annually by the
stockholders at meeting to be held on
the said second Monday in May of each
year. Said meeting of stockholders to be
preceded by fifteen days notice in writing
sent to each of said stockholders at his
or her last known place of residence. Each
stakeholder shall be entitled in person or
proxy to one vote for every share owned
by him or her; all elections shall be held
under such rules and regulations may
be determined by the Board of Directors.
The Directors, when elected, shall con-
tinue in office for one year and until their
successors shall have been duly elected,
and shall have been qualified: No fail
ure to elect shall operate the forfeiture of
this charter or any right under the same.
Any vacancy occurring on said Board
shall be filled by the remaining directors
for the uneXpired term.
DIR. J. W. Lamon shall be President, J.
Paul Bourgeois shall be First vice-Presi-
dent, William L. Haynes, shall be Sec
Ond Vice President, Harry Henderson
shall be Secretary. and Mrs. Wesley f.
| BreauX shall be Treasurer of the first
Board of Directors to serve until the sec
ond Monday in May, 1919.
Article VIII.-The funds of this corpor-
alton shall be deposited from time to time
| in a bank or banks to he selected by the
| Board of Directors. All checks, notes or
instruments drawn or executed or issued
in said corporations name shall be cOun-
| tersigned by at least two officers of the
corporation. No official shall thus sign
or endorse the name of the corporation
save strictly in its concerns.
| Article IX.-This act of incorporation
| may be changed, modified or amended or
the capital stock increased or decreased
BY and with the consent of two-thirds OF
| all the stock.
A change in the objects and purposes
may be made only by a vote of all the
stock therefor issued; and an increase OF
the capital stock in excess of the amount
originally named herein as the amount to
| which the capital stock may be increased
may be made by three-fOurths of all the
outstanding stock.
Notice of all meetings referred to in
this Article shall be given in the same
M a 10 hnd For Nhn rfN~fr nf
the notices of election. In case of dissO-
luton or termination of this charter. eth
er by limitation or otherwise, the affairs
of this corporation shall be liquidated by
three liquidators, elected by the stock
| holders from among their own number
each liquidator shall have full authority
to settle and wind up the business and
affairs of this corporation. The terms
and conditions and the compensation for
such services shall be fixed at the time OF
| election. In case of the death or Other
disability of any Of the liquidators before
the final liquidation of the affairs of the
corporation, the remaining liquidator OF
liquidators shall fill said vacancy or va
cancies.
Article X.-No stakeholder Of this cor
poratiOn shall be held liable or RESPONSE
BILE for the contracts, defaults or debts
of this corporation, nor shall any mere in.
formality of this organization have the
effect of rendering this charter null, or OF
exposing any stockholders to any liabil.
ity beyond the unpaid balance due on tbs
stock held by him.
Article Kiln order that this charter
may also serve as the original subscrip
ton list the subscribers hereto have writ
ten opposite their names the number OF
shares subscribed for by them.
The subscribers to this corporation are
j. W. LamOn, NJ. D., McElroy, La, q
shares; W. f. Breaux, S1S Carondelet st.
New Orleans, La 30 shares; J. p. Bour
geois. (p. p. Harry Henderson, Gonzales
La. 80 shares; Harry Henderson S1S Car
ondelet St, New Orleans. La. so shares
William l.. Haynes, McElroy, La, 81
shares.
All of which above subscriptions ar,
payable in the manner. mode and species
as is set forth in the list hereto annexed
and which forms a part of this charter
Thus done and passed at New Orleans
|, La. this second day of May, 1916, in thu
presence of Charles A. Duchamp and Vic
tor Loiseli competent witnesses, RESIDENT
OF this Parish, who have signed thes
presents, together with said appearers anC
me Notary, after a reading Of the whole
]. W. Lamon, NJ. D., McElroy, La; W
y. Breaux, S1S Carondelet St. New Or
leans, La; J. p. Bourgeois, Gonzales, La.
son. S1S Carondelet st. New Orleans. La
William L. Haynes, McElroy, La.
Witnesses: Chas. A. Duchamp, victo
EDOUARD F. HENRIoUEs, Not. Pub
j, the undersigned Recorder OF Mort
cages, in and for the Parish OF Orleans
State of Louisiana, do hereby certify tina
the above and foregoing Act of Incorpor
alton of the Palm Fibre MANUFACTURER;
Company, Incorporated, was this day dull
recorded in my Office, in book 1219 foil
New Orleans. May 3rd. 1918.
(Signed) EMILE J. LEONARD, d. r
l hereby certify that the above an
foregoing is a true and correct copy o
|, the original act on file in my NOtaria
Office.
: EDOUARD F. HENRIQUES, Not. Pull