The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-10
LIGGETT'S DRUG STORE, Canal Street Agents
CHARTER.

shall be served on the President, or in his
absence the Vce-President, and in the alb
sence of both the Secretary, or as the
law directs. All meetings of the stockhold.
ers directors must be held at the domicile
of the corporation and in its principal office
there; provided, that with the written con-
sent of all Directors valid meetings of the
Directors may be held outside of the State
within the State, elsewhere than al
its domcle
ARTICLE V.-This corporation shall en-
dure for a period of ninety-nne years and
enjoy the right of succession.
ARTICLE VI.-The corporate powers OF
this corporation shall be vested in and ex-
ercised by a Board of Directors composed
of three stockholders two of whom shall
constitute a quorum for the transaction OF
corporation shall have and exercise the
powers granted to corporate officers by
Section 10 of Act 20 of 1914. Until the first
Monday in January, 1920, the following named
persons shall constitute the Board of Di-
rectors for this corporation, to-wit: Joseph
5. Ninson, address 702 North Scott ST.,
New Orleans; and Charles w. Bosch,
address 6l6 Valence ST., New Orleans
and Anthony P, Kennair, address 423 South
Gayoso ST., New Orleans. Thereafter the
Directors shall be elected annually the
first Monday in January! The Directors
and officers of this corporation shall hold
office and continue to serve until their sue
cessors have been elected and duly quail
fled. The Board of Directors shall by
majority vote have right and power to in
crease the number of Directors and elect
new Directors to the places created, provided
the maximum number of Directors of the
corporation shall never exceed seven. Any
stakeholder may be eligible for membership
on the Board of Directors who owns one
share OF stock in the corporation, in his own
name and unpledged. The stockholders shall
elect Directors at their annual meetings by
ballot and each stakeholder shall be Ell.
titled to one vote for each share of stock
standing in his or her name on the books
of the Corporation the vote to be cast in per-
son or by proxy; and it shall require ma
Jority of the stock present to elect.
The Board of Directors shall hold regular
meetings at stated intervals at such times
as may be fixed in the bylaws of this cor
| the domicile of the corporation or as pro-
| vided in Article w of this charter, but the
President, and in his absence the Vice
President may call special meetings of the
visable, and he shall be required to call
such special meetings whenever requested
to do so by, Director or by holders of one.
fourth Of Of, the capital stock Of the corpora.
ton. Three days notice of sach special
meetings shall be given in writing, by mail
to the address of each director, unless a
waiver Of this notice is signed by all the
Directors. but no general waiver shall be
Board, OF, in any office shall Be filled BY
the Board of Directors at its next meetine
after such vacancy has occurred. The frs
Board OF Directors shall and is enjoined tc
tor the government of the corporation which
may be altered, amended or changed as the
business of the Corporation may require.
ARTICLE VII-The officers of this cor.
Vice-President and Secretary and Treas.
urer each of whom shall be a stakeholder
as required to be a Director. The office Of
Secretary and Treasurer may be held by the
same person. The following persons shall
holders to be held on first Monday of Janu-
airy, 1920: Joseph S. Vinson, President, ad.
dress 702 N. Scott ST., new Orleans; Charles
w. Bosch, Vice President, address 616 Val
| ence St, New Orleans, and Anthony P. Ken
S. Gayoso St. New Orleans. La.
ARTICLE VII.-Ths charter may be
amended, modified or altered the capital
fixed in Article w of this Charter, or the
Corporation dissolved by the assent of three.
fourths of the holders of the stock issued at
general meeting or special meeting of
stockholders of which notice has been given
thirty days prior to the meeting, in writing
a copy of which shall be mailed to the adj.
dress of each stakeholder and after publica-
ton of such notice for thirty days in
daily newspaper published in the City of
requirements of law in such cases provided
The notice to stockholders NAV be waived
in writing, provided it be signed by all
stockholders of the Corporation, but no gen.
eral waiver shall be legal.
ARTICLE IX.-The Board of Directors
snail have and be vested with the corporate
powers OF this corporation. The Corporation
snail have succession by its corporate name
tor " years; to sue and be sued by its cor
porate name in any Court of competent jur.
isdIction; to make and use corporate seal
and the same to alter at pleasure; to ac-
quire property by grant, gift. purchase; to
ease, mold, and dispose of and to mortgage
ana pledge the same, subject to limitations
tlxed by law; to appoint such officers and
agents as the business of the corporation may
require and to fix their compensation having
que regard to the nature, character, and
IN louisiana other States of the Union,
rederal Dlstricts, possessions of the United
States ana IN foreign countries; to purchase
Tor cash or hold when acquired in operation
OF its business, stock in other corporations
ARTICLE X.-At the expiration of this
Charter, or the earlier dissolution of this
Corporation its affairs shall be liquidated by
three commissioners, all of whom shall hold
stock in this corporation and said Commits.
sioners shall have full power to sell anv o,
all the assets of the corporation to convex
title, and to do and perform all acts essen
tiai to a full liquidation Of this corporation,
and to distribute the proceeds by paving
first the debts due by the corporation and
then prorating the remainder between the
stockholders, on the basis of the number OF
shares owned by each. In case of death of
one or more commissioners the survivors
shall continue to act.
Thus done and passed in my office in
month and year first written, in the pres.
ence of Stirling Parkerson and George F.
Herber, witnesses of lawful age, residing in
Orleans Parish, Louisiana, Who have siRued