The herald., 1918-02-21
CHARTERS.

| corporation in accordance with the require
| ments of the law and particularly OF Ac,
| @o/ OF l9l4 OF the Legislature of the State
OF LOUISIANA, hereby value and appraise the
right, title and interest of said Thomas b.
1noOley' John 1. Ciolinger and Edward K
bFdud' IN and TO the contracts aforesaid at
the sum OF Ten Thousand Dollars CsIO,OUOOJ.
Article EL-A!l the powers of this corpo-
ration shall be vested in and exercised by
. Board OF not less than Three 90 nor more
than Five 81 Directors, as determined in
advance each year by the stockholders at the
annual meeting. Each Director shall be 4
bona hide stakeholder, and shall own at all
times one % full paid non-pledged share of
stock. The first Board Of Directors shall
consist Of:
Thomas b. Mobley, 735 Union ST., New
Orleans, La, John T. Clolnger, Nicholson.
Miss Edward X. Braud, Nicholson, Miss
he hrst officers OF this corporation, with
their addresses are as follows:
Thomas Il. Mobley, 735 Union St, New
Orleans, as President; John T. Clolinger
Nicholson; Mississippi, Vice-president:
as Secretary-Treasurer.
The above Board Of Directors shall hold
once until the hrst annual meeting on the
Second tuesday OF January, 1919, or until
thelr successors are elected and qualified
Each succeeding board shall continue TO hold
ONCE tor one year or until their successors
are elected and qualified The persons 70 be
hereafter elected directors for subsequent
ytdlS Sld44 select from their number a
President, NICe-President, Secretary-Treas-
urer. The Board Of Directors may combine
any two OF the above officers IN one and
th- same person.
On the Second Tuesday of January of each
year. unless the same should fall on legal
holiday, then upon the next following Law
day, the stockholders shall elect Board OF
Directors for the ensuing year. The election
OF Directors shall be by ballot and the per
sons receiving the majority OF votes cast
shall be elected. For electing directors or
tor any other purpose each share of stock
shall be entitled to one vote, whether pres
ent or by proxy, but no fractional share Of
stock shall be entitled to vote A majority
OF the Directors voting at any one time in
person or by proxy, shall be required 70 pass
any resolutions or adopt any bylaws and
which, when SO adopted, shall become valid.
corporate acts. In case Of vacancy on the
Board or among the officers for anv cause
the remaining members OF the Board shall
have the power TO fill the vacancies The
SAID Board Of Directors shall have the power
10 enact such bylaws, rules and regulations
as. in their opinion, may be necessary and
proper for the management, operation and
control OF the business OF said corporation.
Article Nll.-Notice Of all meetings of
stockholders held for the election OF Drec-
tors, or for any other purpose, shall be given
IN writing by the Secretary and may be
served personally or deposited in the mail
addressed fifteen U9 days before such meet
ing is held. and directed 10 each stakeholder |
at his last known address, as the same shall
appear upon the books of the corporation I
unless said notice is waived in writing BY |
all of the stockholders appearing upon the |
books. At all meetings OF stockholders a |
majority OF the votes cast shall be sufficient
to elect and decide all questions voted upon,
except for the alteration, amendment or the
dissolution OF the corporation.
Article NllI.-This act of Incorporation
nay be altered, amended, or modified, or the
corporation dissolved by a vote of three
ourths in amount of the capital stock rep
resented at a general meeting of the stock
holders, called for that purpose after notice
IS provided in Article VII of this charter;
md in case of dissolution of the corporation
he stockholders at such meeting shall elect
hree 90 liqudating commissioners, who shall
lave entire charge OF such liquidation, with
authority TO sell and dispose of the assets
Il the corporation and to fill vacancies &C.
urring in their number
Article 1X.-No stakeholder shall ever bel
leld liable or responsible for the contracts
um than the unpaid balance due the corpo-
alton on the shares owned by him, nor shall
my mere informality in organization have
he effect of rendering this charter null. or
4 exposing a stakeholder to any liability
eyond the amount of his unpaid stock.
Thus done and passed at my Office in the
,ity of New Orleans, on this day, month and
ear herein first above written in the pres
nee of May Lorio and Gertrude Cowan, com
etent witnesses who hereunto sign their
,ames. together with said appearers and me.
Notary after reading of the whole
(Signed 7. B. Mobley, 755 Union ST.,
: l;3 shares. s3333;33 Is; J. T. Clolinger,
Nicholson, Miss, 80 l-3, shares. s3333.33 Is
!. R: Braud, Nicholson, Miss, 50 l-3 shares,
3333.33 ID
Witnesses: May Lorio, Gertrude Cowan.
HENRY C. BLOCH, Notary Public.
I, the undersigned Recorder of Mortgages.
n and for the Parish of Orleans. State of
louisiana. do hereby certify that the act of
of the Mobley- Clolinger Lum-
YER Co, Inc. was this day recorded in my
flee in Book 1919, Folio -
New Orleans. Louisiana. January q, 1918
Signed EMILE J. LEONARD, Dy Recorder
A True Copy.
HENRY C. BLOCH, Notary Public
an 81 Feb 2 IA 81 % Mch 7