The herald., 1918-10-03
CHARTER

may be gernane or incidental 70 any Of
the purposes above set forth.
ARTICLE IV-The capital stock Of this
corporation Is hereby fixed al SIXTY thou
sand 100000 dollars, divided into SIX
hundred 900 shares al one hundred (Slo0l
dollars a share and shall be paid FOR IN
cash. or may be issued az par. in payne nj
for property or nights actually transferred
20 the corporation. or for services actually
rendered the cooperation said payment 20 be
made at such times and in such installments
as the Board OF Directors may direct. This
corporation shall be authorized 10 commence
business as a going concern as soon as fifty
per cent go peTcent) Of its stock shall have
been subscribed for and paid for in accord
ance with law; and the said appea-ers here
BY subscribe Tor the said stock IN the num-
Der Of shares as follows: Edward II. Seller.
TWO shares; David Bach. one hundred and
iorty-eisht shares F. Landry one hun
ARTICLE Van the powers OF the cor
poration shall be vested in and exercised by
Board OF Directors 10 be composed Of four
stockholders TO be elected annually on the
first Monday Of January Of each year be
ginning in the year 1919; the first Board OF
Directors shall be J. F. Landry, c. ]. Rich
ard. David Bach and Edward II. Seller; three
members Of the Board shall constitute a
quorum for the transaction Of all business
the Board OF Directors shall elect from among
themselves q President: q Vice President: a
Secretary and Treasurer; the first Presi-
dent shall be ! F Landry. the first Vice
President shall be {. ]. Richard; the frs;
Secretary shall be Edward H Seller and the
first Treasurer shall be David Bach. The
Board Of Directors shall do all things nee
essary 10 regulate the proper conduct. sup
port and management OF the business
ARTICLE NI.-This act of Incorporation
may be added 10, modified or changed. OF
this corporation may be dissolved with the
assent Of two-,hirds C2-3) OF the capital stock
Represented al a meeting Of the stockholders
convened for such purpose after notice by fif-
teen days advertisement in morning daily
newspaper published in the English language
IN the City OF New Orleans and also fifteen
days notice by mail 10 the last known resi-
denee address OF every stockholder Of record
and whenever the corporation Is dissolved.
efther by law or otherwise. its affairs shall
be hquidated by two commissioners TO be
appointed from among the stockholders al a
general meeting Of the stockholders and said
commissioners shall remain in office until
the affairs Of the corporation shall be fully
liquidaied and settled In case of the
death OF any commissioner, or his inability
10 act, the remaining ommissioners shall
act Any changes proposed TO be made in
reference to the objects and purposes OF the
corporation or with reference TO the capital
stock shall be made IN accordance with the
laws OF the State Of Louisiana on the SUR.
Ieet- Special meetings Of stockholders can
BE called upon the written request 70 the
President, or IN his absence or INABILITY. the
ice-President. after due notice given as for
meeting for the dissolution of the corpora
ton or the modification of this charter.
ARTICLE vino stakeholder shall ever
be held liable for the contracts or the faults
o. the corporation in any further sun thar
tne unpaid balance due the corporation on
the shares OF stock owned BY him, nor shall
any mere lnformality in organization have
me effect OF rendering this charter null OF
OF exposing a stakeholder TO any liability
beyond the unpaid balance which nav N
Que on his subscription 10 stock As tbt
subscribers TO the capital stock have signi
iieo herein the number Of shares each sub
sGioes. ms charter shall serve as an orig.
nal subscription list. No shares OF the capi
tai stock OF this corporation shall be trans
ieTed on the books of the corporation. no,
snail any such transfer be recognized nv a,
DC oinding upon this corporation. unless znc
until the person, or persons, holding sait
STOCK winch II IS desired 10 transfer shall
nave first offered the same to the othef
stoeknolders Of said corporation, bv let,e,
addressed to the President of the CORPORA io-
and II Is stipulated that the said other stock
nalosrs shall have the right and option o
purchase OF said stock for three days mex
following the delivery OF such offer OF sal,
70 the President Of the corporation.
Thus done and passed in ny office in tn,
lity Of New Orleans, in the presence o
BENJAMIN I. Waldo and E NJ Richard. com
petent witnesses. who hereunto sign thei
names with the said zppesrers and subscrib
ers and ne Notary, on the day. month ant
year herein first above written, after readin,
dry, ~ Decatur St; C J. Richard. I'll De
eatur St; David Bach, 4l3 Decatur St: Eds-
H. Seller, 4l3 Decatur St; Benjamin T. Wal
DO, Z ~ Richard PETER Stiff, Notar,
|. the undersigned. Recorder of Mortgages