The herald., 1919-06-05
CHARTERS.

that the owner, his widow, heirs, or legal
representative, the case may be, shall
not be obliged to deliver said stock unless
the offer to purchase the same shall include
and cover the entirety of the offerings under
paragraph l. or all of the holdings under
paragraph ?.
"a All certificates of stock shall bear
upon their face a brief reference TO the
rights herein established in the favor of
the stockholders.
ARTICLE V-All the corporate powers OF
this corporation and the management and con-
troll of its affairs, shall be vested in, and ex
ercsed by a Board of Directors composed of
three stockholders, majority OF which sinai!
constitute a quorum for the transaction OF
all business. The Directors shall be elected
annually by the stockholders, at meeting
to be held on the first Monday after the
first Sunday of each year in the month OF
January, said meeting to be preceded by
three days written notice to the stoekhold-
ers. Each stakeholder shall be entitled in
person or by proxy, to a vote for every share
owned by him, and all elections shall be
held under such rules and regulations as
may be determined by the Board of Direc-
tors. At such meetings, all questions other
than mere routine, shall be decided by ma
jorty of the shares OF the stock represented
at said meeting. The Directors, when
elected, shall continue in office for one
year, and until their successors have been
ure to elect shall operate the forfeiture of
this charter. Any vacancy occurring on
this Board shall be filled by the remaining
Directors for the uneXpired term. The
Board of Directors shall at its first meet
ing after its election, select out OF its num-
Der, president and one or more vice-presi-
dents. and a manager, and shall also elect
a Secretary Treasurer, who need not, how
ever, be a member of the Board. The presi-
dent shall have the right to appoint and dis
miss the clerks, and the other employees of
said corporation at pleasure, and the
Interest and business OF the same may de-
mand. He may exercise this authority by
proxy. Any Director being sick or absent, or
about to absent himself, shall have the right
to appoint by written instrument, another
Director stakeholder to act as his proxy
in his stead. at any and all meetings IF the
said Board of Directors, during such absence.
Immediately after the signing of this char
ter, the stockholders shall without further
formality. elect the Board of Directors, who
shall until the election TO be held in
1919 The first Board of Directors shall
pany, namely: Ernest Lee Jahncke, No.
Sl4 Howard Ave, New Orleans. 249S shares :;
Paul F. Jafrncke. No. 8l4 Howard Ave. New
Orleans. share; Walter F. Jahncke. No. Sl4
Howard Ave, New Orleans, / share.
ARTICLE VI.-The funds of this corpora
ton shall be deposited from time to time,
in a bank or banks TO be selected by the
Board of Directors. All checks, notes. or
Otner instruments drawn, executed or ISSUED,
in the corporations and behalf shall
fbe counter-signed by the Secretary Treasurer
No officer shall thus sign or endorse the
name of the corporation, save strictly in
its concern.
ARTICLE Vino stakeholder shall
tracts, faults OF. debts of the cor
poration, nor shall any mere infor
mality in its organization have the effect
of rendering charter null, of exposing
anu hnlI al, al
paid balance due on the shares owned by
him.
ARTICLE NIII.-Ths act of Incorporation
may be changed, modified, altered or this
corporation may be dissolved, with the as
sent of the stockholders owning three fourths
of all of the stock of this corporation, at a
general meeting convened for that purpose,
and after at least three days written notice
OF this meeting shall have been given
through mail, addressed to each stakeholder
at his last known place of residence In
case of dissolution by the expiration of this
charter, or otherwise, the stockholders shall
elect a liquidator from among their own
number, who shall have full authority to set
tie and wind up the business and affairs of
the company. The terms and conditions of,
and the compensation for such services shall
be fixed at the time of election. In case
of the death or disability of said commits
sioner or liquidator before the liquidation OF
the affairs of the corporation, the successor
TO fill the vacancy may be appointed by the
stockholders.
ARTICLE IX.-Any and all notices and
delays provided for by this charter, or by
the law, may be waived by the unanimous
consent of the stockholders.
ARTICLE X.-This corporation shall be a
going concern as soon as Twenty-Five hun
dred shares shall have been subscribed
Thus done and passed in my office on the
day, month and year first above written
in the presence of Louis ]. Gepi and Ben
lamin w. Dart, competent witnesses who
have signed with the appearers and me, No
| tary, after reading of the whole.
Witnesses: Louis ]. Gelpi, Benjamin W.
Dart.
Original Signed Ernest Lee Jahncke, by
Walter F. Jahncke; Paul F. Jahncke, by
Walter F. Jahncke; Walter F. Jahncke
HENRY P. DART, JR,
Notary Public.
l. the undersigned. Recorder of Mortgages
| in and for the Parish Of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
Jahncke Dry Dock and Ship Repair Co., Inc
was this day recorded in my office in Book
| 1928, Folio 1885,
New Orleans. March II, 1919
(Signed) EMILE J. LEONARD, by. R.
A true copy.
HENRY p DART. JR.
Notary Public
| May p to June 26, inc.