The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-13
CHARTER

corporation shall become a going concern
| and shall he authorized to commence bust
/ ness as soon as twelve thousand. five hun
/ dred (Sl25O0.O0) dollars of its capital
stock shall have been paid for, either i'll
cash or for labor done, or services per
| formed for said corporation. or for prop
! erty or rights actually transferred to il.
! Article N.-The capital stock of this cor
| pOratiOn may be increased to the sum of
/ one hundred thousand ($1OO,0OO.OO) 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.-All the corporate powers
of this corporation shall be vested in and
exercised by Board of Directors, com
posed of five 90 stockholders, three of
whom shall constitute Il quorum for the
| transaction of business.
| Dr. J. W. Lamon. of McElroy, La. J.
Paul bourgeois, of Gonzales, La, William
| l.. Haynes of McElrOy, La, Mrs. WeSSey
| +. BreauN, 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-
| rectorS 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 as 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, ].
Paul Bourgeois shall be First vice-Presi-
dent, William L. Haynes, shall be Sec
shall be Secretary, and Mrs. Wessey 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 bank or banks to be selected by the
Board of Directors. All checks, notes OF
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
save strictly in its concerns.
Article IX.-This act Of Incorporation
| may be changed, modified or amended
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
manner as is provided for the giving of
/ has n Aln In Of
luton or termination OF this charter, eth
er by limitation or otherwise, the affairs
OF this corporation shall be liquidated Dy
| three Hquidators, 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 or
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 the
stock held by him.
| Article A1.-ln Oruer tnat 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, 30
shares w. f. Breaux, S1S CarOndelet ST.,
| New Orleans, La, 30 shares; J. p. Bour
geois;; P; p; Harry Henderson, Gonzales,
ondelet ST., New Orleans. La, 30 shares :;
William l.. Haynes, McElroy, La, 30
| shares.
All of which above subscriptions are
payable in the manner, mode and species
as is set forth in the list hereto annexed
and which forms part of this charter.
Thus done and passed at New Orleans,
La. this second day Of May, 1916, in the
presence of Charles A. Duchamp and Vie
tor Loisel. competent witnesses. residents
OF this Parish, who have signed these
presents, together with said appearers and
me, Notary, after a reading Of the whole.
Original signed:
J. W. Lamon, NJ. D.. McElroy, La W.
f. Breaux, SIS Carondelet St. New Or
leans, La; J. P. Bourgeois. Gonzales. La,
(p. p: Harry Henderson, Harry Hender-
son. S1S Carondelet st. New Orleans, La.
William L. Haynes, McElroy. La.
witnesses: Chas. A. Duchamp, Victor
EDOUARD F. HENRIoUEs, Not. Pub.
i, the undersigned, Recorder of Mort
cages, in and for the Parish Of Orleans.
State of Louisiana, do hereby certify that
the above and foregoing Act Of Incorpor-
alton OF the Palm Fibre Manufacturing
Company, Incorporated, was this day duly
recorded in my office, in book 1919, folio
-,
New Orleans May Bird. 1918
(Signed) EMILE J. LEONARD. d. r.
1 hereby certify that the above and
foregoing is a true and correct copy OF
the original act on file in my Notarial
Office.
EDOUARD F. HENRIQUEs, Not. Pub
May 9-16-2 30-Jun 6-13
CHARTER