The herald. [volume] (New Orleans, La.) 1905-1953, 1918-01-17
CHARTERS.

citation or corporation, ana 10 carry on any
other business which under the law II may
| be entitled to carry on, which may seem
| to the corporation to be calculated, directly
or indirectly, to effect the aforesaid OBJECTS
! or either OF them, or TO tacilitate II IN the
| transaction OF its aforesaid business or BUS
| inesSes or any part thereof, or IN the trans
| action of any other lawful business that
may be calculated, directly or indirectly, to
enhance the value OF or TO render pIohtapie'
any of the corporations property and rights
| and generally TO hold and exercise all such
! incidental powers and privileges as relate
| to the objects and purposes hereina0ove SET
| forth as may be necessary uselul "
| convenient for effecting said objects and
Article V.-The authorized capital stock OF
this corporation is hereby declared TO be the
sum of One Hundred Thousand Sioo,ooo.Ov11
dollars. which capital stock may be increased
| in the manner provided by law, TO the sum
| of Five Hundred Thousand (S5OO,OoU) Dol
| lars. The presently authorized capital OF inns
| corporation shall be represented by one thou
| sand QOOO) shares of the par value OF one hun,
| bred $4,000 dollars each. The SAID caplta
stock shall be represented by eertlhcates ana
| shall be personal property No transfer OF
| said capital stock shall be binding upon TINS
corporation unless made in accordance with
| its charter and bylaws and recorded on inc
Article V.-The capital stock of this cor
| poration shall be fully paid and non assess
able when issued, and shall be issued only
| for labor done or services rendered or ier
property actually received or for cash TO be
| paid al such times and in such amounts anu
| after such notice as may be deternlHeu ny
the Board OF Directors.
| Article Wall the powers OF this corPo-
| ration shall be vested IN and eXetclse1 oy
| a Board of not more than seven w ana no;
less than CD directors, each OF whom shait
hold, in his own name, at least enc "
share of stock. Said Board OF Directors shaIl
| he elected annually on the Second TUESDAY
in January Of each year, the nrSt elee aIon
a
| lions shall be by ballot, at the ofhce OF the
| corporation, under the supervision OF TWO
| ~ commissioners, to De aPpoih'eu W '
| Board of Directors, and IN the aDsgneI VI
power TO fill the place by appointment anu
| Of all such elections, as well as OF all meet
1 ings of stockholders, except Tor the purpose
of liquidation or dissolution, or as otne,Ti nH
| required by law, ten Q0) days notice shsll
| he given by mailing to each stockholder VINO
| appears as such on the books OF the cofpo.
| ration, at his last designated address, OF al
the general delivery at New orleans, II nc
| ment stating the time and place OF the meet
| Ing. Each shareholder shall BE entitled 70
one vote for each share OF stock STANDING III
| his name on the books of the company, 10
he cast in person or by proxy, and ma,
| iority of the vote shall elect. The Boaro
| of Directors shall have power TO MI an va,
cancies that may occur IN the ooaro. rdiiuI
| TO elect directors on the day above speclheo
| shall not dissolve the corporation, but the
directors then in office shall remain IN ohSe
mil their successors are elected and quail.
| ihed Due notice of another election shail
forthwith be given, as above PROVIDED ouSn
| notice of election shall be continued to De
| given until an election is held The BOARD
l OF Directors at their hrst meeting iolIowlhe
i each annual election shall elect from tneli
L number President, Nice-fresioehl anu
Ia Secretary Treasurer, and such other otfl,
1 cfiers as the Board of Directors shall deem
necessary. The Board shall have power, IN
its discretion, to unite two or more ohces'
and the same to confer upon one person
Il and shall have the power to NIX the salaries
Of all officers and all such other othcers ano
employees as they deem necessary. Inc boaIG
of Directors shall have power to make an Tl
/ establish, as well alter and amend an
lby-laws, rules and regulations necessary ano
proper or the support and management OF the
| business and affairs of said corporation, mo-
inconsistent with its charter. oaio noA, ~
Il shall also have full power and authority &c
borrow money and through the Presloent OF
some other duly authorized agent or agents
i TO execute mortgages, issue notes. oonas OF
other obligations, in such amour. aha -. a.
such terms as in their judgment may De ad
yantageous; and generally to do all Things
REASONABLY necessary for the proper carrying
on of the business of this corporation, as
! also 10 issue and delive full-paid shares oil
stock and bonds or obligations of this cor
! l poration in payment of money borrowed, Oh
money, labor, or services, and property OF
rights actually received by this corporation
\ a heretofore
4 10 do all such acts and things as may DC
| necessary to carry out the objects and puI
\ poses for which this corporation IS organized
1 A majority of the directors shall constitute
a quorum for the transaction OF any business
!! At any meeting of the board any director
absent from the meeting may be Represented
by any other director. who may cast tn'
vote Of said absent director, according lC
the written instructions of said absent oirec
TOR. The Board Of Directors shall have the
power. by vote OF not less than a majority
thereof, to sell, lease, mortgage, oy oona
mortgage or otherwise, or TO pledge any ane
all of the property, movable or immovaole
belonging 10 the corporation, or TO receive II
exchange therefor, money OF stocks or pono'
or other obligations of another corporation
| without referring to the shareholoers 10
the power to do so; and they may also pur
| chase for stock in this corporation or To-
cash or on credit, property OF any kinS
; | required for any of the purposes OF TINS
corporation, without authority OF the snare
holders.
Until the next general meeting to be hell
under this charter on the second Tuesday II
|. January, 1919. or until their duly qualihe'
successors are elected and Installed. tn
c. II Schooley, $50 North Dearborn st.
Chicago, Illinois; Sylvan A. Gratia, New
; Orleans, louisiana; George Drewry. Beau
fort. South Carolina, with {. H. SenooieI
as President, with Sylvan A. Gratia a
Vice-Presdent, and George Drewry as Sec
. | rotary Treasurer
| Aticle VII.-This charter may be amended
|, and the capital stock of this corporation ma,
be increased or decreased, or this corpora
| ton may be dissolved in the method ant
. manner provided by law.
II Article VIII.-No stakeholder of this cor
poration shall ever be held liable or respon
! sible for the contracts or faults of this cor
poration in any further sum than the unpai'
balance on the stock for which he has sub
. | scribed, nor shall any mere informality Il
| organization have the effect Of rendering thi
4 Of ctnrkh0ldfr
4 any liability than as above provided.
II Article IX-No stakeholder may sell, as
sign or transfer his stock in this corporation
, without giving to the company, through II
Secretary, thirty (30) days prior notice ii
|. | writing of such intention, and the othe
| stockholders shall have the first privileg
, of purchasing the said stock at the bool
! value thereof for period of thirty day
| from said notice, after the expiration o
which time said stock may be sold in tn
open market.
Thus done and passed in my Office a
the City of New Orleans, Louisiana, tn
day, month and year first above written. ii
the presence of Herbert Helmke and Eliz
Pickett, competent witnesses, who hereunt
sign their names with said appearers and me
Notary. after due reading of the whole.
iii Original signed c. Fl. Schooley, per pr
s. A. Gratia, 900 shares George Drewry, pc
pro s. A. Gratia, $50 shaes; S. A. Gatia, on
4 share.
Witnesses: Herbert Helmke. Eliza Picket,
HI OSCAR SCHREIBER, Not. Pub
/, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State o
Louisiana, do hereby certify that the abov
and foreooiu Act nf Inrornoratiao of IN