The herald., 1918-05-16
CHARTER

Treasurer may or may not be Director
or stockholder. at the discretion OF the
Board of Directors. The number OF III
rectors shall be determined by the stock
holders at each annual meeting, ana the
number of Vice Presidents shall be deter
mined each year by the Board OF Direct
Ors.
The Board of Directors shall have pow
er and authority to appoint such agents
managers, officers and other employees
necessary in their judgment 20 conduct
the business of the Corporation, ana 10
give to such agents, managers, ohlcers
and other employees such authority as
they may deem necessary for the pur-
poses and business of the Corporation.
The Board shall have the power TO nN
the CONVERSATIONS and denne the DUTIES
of every officer and employee and all
agents. managers. officers and other en-
ployaes shall hold Office and employment
ut the pleasure of said Board.
The Board may make and establish, as
well as alter and amend. any and all by
laws. rules and regulations necessary ana
proper in its judgment for the conduct
support and management OF the business
and affairs of said corporation. At all
meetings of the Board of Directors each
director shall have the right 10 appoint a
proxy to act in his place and stead. the
person so appointed need not be Direct
or but must br Il stakeholder.
The Board shall have full power ana au-
thority to borrow money, execute mort
cages and create liens; TO lSSu" bonds,
notes and other obligations and TO secure
the same by mortgages. pledge or other
wise: and. generally to do any and all
things reasonable, convenient and neceS-
Sary for she proper carrying on OF the
business and affairs of said corporation.
The First Board of Directors shall be
COMPOSED of Walter Il. Chilean. Buckner
Chipley and John \. Taylor, whose pres
ent addresses are set opposite their re-
Spective names 10 the subscription to the
capital stock of this corporation. The
Board of Directors shall at its first meet
ing elect the officers of this Corporation
in accord with the terms OF this Charter.
Article VI.-Wheneyer this corporation
shall be dissolved, either by Limitation or
from any other cause, its affairs snail De
Inundated by three commissioners to be
Amounted from amongst the stockholders
at a general meeting of the stockholders
convened for such purpose; tWo-thlrdS IN
amount of the capital stock of said cor
pOration represented at said meeting shall
he requisite to elect. Said commissioners
shall remain in office until the affairs of
said corporation shall have been fully IL
quidated. In case of the death OF one or
more of the commissioners, the vacancy
or vacancies shall be filled by election by
the surviving commissioners. Said com
missioners shall have all powers conferred
upon them by law or by the stockholders
at such meeting, If not Inconsistent with
law.
Article VII.-This act of Incorporation
may be changed. modified or amended or
the capital stock of the corporation may
alton may be dissolved, in the manner
provided by law
Article VIII.-NO oTockholder shall ever
be held liable or responsible for the con
tracts, faults. or debts of said corpora
ton in any further sum than the unpaid
balance due the corporation on the shares
of stock owned by him. nor shall mere
infOrmality in organization have the ef,
feet of rendering this charter null or OF
exposing stakeholder to any liability
beyond the unpaid amount if any remain
ing, due on his stock.
Article. IX--In order that the charter
may serve as the original subscription list
of this corporation the subscribers hereto
have written opposite their names and ad-
dresses the amount of the subscription to
the stock made by each to-wit:
Walter Il. Chilean. AL Walnut Street,
y. o.. La, 1000 shares; Buckner Chipley.
bT9 Broadway, y. o., La, 80 shares; John
4. Taylor. 1877 Henry Clay Avenue. y. o.,
La. $50 shares.
Thus done and passed, in my office. at
the City of New Orleans, on the day,
month and year herein first above writ
ten. in the presence of Theodore Harz'
and l.. c. Bordelon, competent witnesses,
who hereunto sign their names with the
said appearers and me, Notary, after read
ing of the whole.
(Original signed).
W. r. Chilean. AL Walnut ST. New Or
leans. 1000 shares; Buckner Chipley, 5t9
Broadway, New Orleans. 40 shares; j.
A. Taylor. 1917 Henry Clay Ave, New Or
leans, $50 shares.
Witnesses: Theo. Harz, L. c. BordelOn.
CHAS. /. DENECHAUD, Not. Pub.
/, 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 Wiergate Naval Stores Co.
Inc. was this day duly recorded in my
office. in Book 12l9. Folio 5S4-
New Orleans. April 4, 1915
Signed: EMILE J. LEONARD, ID. X.
\ true copy.
(SeaD -
CHAS. l. DENECHACD, Not. Pub.
Apr. 11-1S-25 May 2-9-l6