The herald., 1919-10-23
CHARTERS.

corporation is hereby fixed at the sum
of Ten Thousand ($10,00O.O0l Dollars to be
divided into and represented by Ont,
of One Hundred ($100.O0) Dollars each.
Said stock shall be issued only for cash,
and shall be paid for at such times and
in such instalmentS as the board of di-
rectors may direct.
The capital stock of this corporation
may be increased to the sum of One
Hundred Thousand $100,00O00) Dollars
ARTICLE V.-AIl the corporate powers
Board of Directors consisting of not
less than three, nor more than five
stockholders, IA majority of whom. either
present in person or represented by proxy
held by another Director. shall constitute
a quorum for the transaction of all bust
ness. The Board of Directors shall elect
annually from their number President,
II Vice President ana Il Secretary and
Treasurer. The Board of Directors may
join the offices of Secretary and
Treasurer and may elect one person to
hold both offices, or may elect a person
who is not stakeholder or member
of the Board of Directors for the office
of Secretary.
The first Board of Directors shall con-
siSt of -Four Stockholders and shall be
composed of Albert K. Williams. James
! Wells. Frank BaamOnte and John ).
| Sareussen, with the said Albert X. Will
liamS, as President; James Wells as Vice
| President Frank Baiamonte as Secre-
| tary. and John 5. Sareussen as Treasurer.
The postoffice addresses of said direct
ors are as follows Albert r. Williams.
2012 Prytania Street. New Orleans. La.
James Wells. 202T Chestnut Street. New Or
leans. La. Frank Baiamonte, 1921 Cover
nor Nichols Street. New Orleans, and
| John $. SareuSSen, 1880 ESplanade Ave
nue.. These Directors shall serve until
the third Wednesday of October, 1920 or
until their successors have been duly
| elected and qualified. The annual meet
| ing of stockholders for the election OF
directors shall be held on the third We'd
neSday of October of each year, unless said
day be legal holiday, and then on the
next bank day thereafter. Any vacancy
! occurring among the directors by death
! resignation or otherwise, shall be filled
by election for the uneXpired term by the
remaining directors. Each subscribei
hereto sets after his name his pOStOffice
! address and a statement of the number
| of shares of stock which he agrees to take
in the corporation. At all elections. every
stakeholder shall be entitled to one vote
| for each share of stock standing in his
! name on the books of. the corporation. 70
| be east in person or by his written proxy
| A aiority of the votes cast shall elect
| ARTICLE Win the event of the
liquidation or dissolution of this cor
DoratiOn the stockholders shall elect
| three lquidatOrs from among their mum
Der mt a meeting convened for that pur-
pose, after fifteen 90 days writer
notice sent to each stakeholder by mail to
his last known address; said liquidatsrs
shall have the authority to wind up the
business and affairs of this corporation
In case of the death of a liquidatOr, the
survivors shall appoint a stakeholder as
| successor to him.
! ARTICLE VII.-This charter may be
modified, changed or altered, or SAID
corporation may be dissolved, with the as
sent of stockholders owning two-third'
| of the entire capital stock. at genera
meeting of the stockholders convened fol-
that purpose. after fifteen (15) days writ
en- notice shall have been given to eacf
stakeholder. mailed to him at his last
known address.
ARTICLE VIII.-No subscriber fol
stock shall ever be held liable for the con
tracts, faults or debts of said corporation
in any further sum than the unpaid pal
ance, if any. due the corporation on tn
stock for which he has subscribed: mol
shall any stakeholder ever be held liable
for such contracts faults or debts in any
further sum than the unpaid balance. l
any, on the stock owned by him; nor shall
any mere informality in organization hav,
the effect of rendering this charter 1ull
or rendering any subscriber or stockhOld
er liable beyond the unpaid amount, l
any, remaining due on his stock.
ARTICLE IX.-This corporation is or
ganized under the laws of the State
louisiana and especially Act No. 261 o
1914 and the subscribers hereto for them
selves and said corporation, and for 1t
officers, directors and stockholders, here
, by accept as part of this charter, ana a
conditions of this corporation, all TN
rights, powers, privileges and 1mmunl
ties granted to corporations, and granite
to and conferred upon officers. direct
ors and stockholders of corporations b
said laws and said act; said acceptanc
being as full, complete binding as ]
said rights, powers, privileges and immu
, mites were set forth at full length
i this instrument.
Thus done and passed, in my Notaria
Office in the City Of New Orleans afore
said. in the presence of George ii. Terri
berry, and Thomas Joseph Dobbins
, competent witnesses of lawful age, an
+, residing in this City, who hereunto SUP
scribe their names, together with SAL
, parties and me, Notary, on the day an
date set forth in the caption hereof:
. Original Signed: George II. Terriberr!
: T. J. Dobbins.
, Names of Subscribers omitted.
w. w. YOUNG,
: Notary Public.
7. the undersigned Recorder Of Mort
cages in and for the Parish OF Orleans
State of Louisiana, do hereby certify tina
the above and foregoing act of incorpora
, ton of the "Gulf and International steam
ship Co., Inc.," was this day duly recorde
!; in my office, in Book 1231, Folo -.
New Orleans, October 10Th, l9lS.
(Signed) EMILE J. LEONARD, by, H.
e iiue e'p'' w. w. YOUNG,
Notary Public.