The herald., 1919-07-17
CHARTER

share OF stock. Said Board OF Directors
shall be elected annually on the Second
Monday in June OF each year, the first cleo
ton to be held in the year 1920 All such
elections shall be by ballot, at the office of
the corporation under the supervision OF two
commissioners. to be appointed by the Board
OF Directors and in the absence OF any COM
missioner, the President shall have power 70
fill the place by appointment, and OF all
such elections, well Of all meetings OF
stockholders. except for the purpose OF IL
qmdauon OF dissolution, otherwise re
qured by law. ten days notice shall be
gwen by mailing 10 each stakeholder who
appears such the books Of the corpora
ton, at his last designated address, or at
the general delivery At New Orleans, If he
has not designated an address. an announce
ment stating the time and place OF the meet
ing. Each shareholder shall be entitled to
one vote for each share OF stock standing
in his the books OF the company
TO be cast in person or by proxy, and a ma
| jority OF the votes cast shall elect. The
Board OF Directors shall have power to fill
! all vacancies that may occur III the Board
! Failure TO elect directors un day above
specified shall not dissolve the corporation.
J but the Directors then in office shall remain
in office until their successors are elected
and qualified. Due notice Of another cleo
tion shall forthwith be given, above pro-
vided. Such notice Of election shall be con
/ tlnued TO be given until an election is held.
! The Board of Directors at their first meeting
/ following each annual election shall elect
from their number a Presi-cnr "a NicePreSl-
dent and Secretary Urea surer and such Of
ficers as the Board Of Directors shall deem
necessary. The Board shall have power, in
its discretion, TO unite two more offices,
and the same to confer upon one person, and
shall have power to fix the salaries of all
officers and all such other officers and en-
ployeeS as they deem necessary. The Board
of Directors shall have power to make and
establish, as well as alter and amend, all
by laws. rules and regulations necessary and
proper tor the support and management OF the
business and affairs Of said corporation, not
inconsistent with its charter. Said Board
snail also have full power and authority to
borrow money, and through the President
some other duly authorized agent agents
10 execute mortgages, issue notes, bonds or
other obligations, in such amount and on such
terms in their Judgment may be advan-
tageous; and generally to do all things nee
essary for the proper carrying on OF the
business of this corporation, as also to issue
and deliver full paid shares of stock and
bonds or obligations of this corporation, in
payment of money borrowed. or money, labor,
or services and property rights actually
received by this corporation, heretofore
| such acts and things as may be necessary
to carry out the objects and purposes for
which this corporation is organized.
A majority Of any of the Directors shall
constitute a quorum for the transaction Of
any business. At any meeting OF the Board
any Director absent IRON the meeting may ne
| represented by any other director, who may
cast the vote OF said absent Directors, accord
ing to the written instructions OF said absent
Director. The Board of Directors shall have
the power, by vote OF not less than ma
jority thereof, TO sell, lease, mortgage, by
bond mortgage otherwise, or to pledge, any
and all of the property movable or immov-
able, belonging to the corporation, or TO re-
ceive in exchange therefor. money or stocks
or bonds or other obligations of another
| wit
holders for the power to do so; and they
may also purchase for stock in this cor
poration or for cash credit, property
of any kind required for any Of the pur-
poses of this corporation, without authority
of the shareholders.
Until the next general meeting TO be held
under this Charter the second Monday in
June, 1920, until their duly qualified sue
cessors are elected and installed the Board
Of Directors shall be composed of George X.
Force. Alexandria Louisiana, Isaac w. Trox-
ell, Baton Rouge, louisiana, and Ernest Z.
Sykes of New Orleans, Louisiana, with
George X. Force, as President, Ernest +.
Sykes as Vice-President and Isaac w. TroX-
ell as Secretary Treasurer
l ARTICLE VII.-This charter may be
amended and the capital stock OF this corpo-
ration may be increased or decreased, or
this corporation may be dissolved in the
method and manner provided by law.
ARTICLE WILING stakeholder OF this
corporation shall ever be held liable or re
sponsible for the contracts or faults OF this
corporation in any further sum than the un-
paid balance on the stock for which he has
subscribed, nor shall any mere informality
in organization have the effect OF rendering
this charter null of exposing a stakeholder
to any liability then Above provided.
ARTICLE IX-No stakeholder may sell,
assign or transfer his stock in this corpora
ton without giving to the company, through
its secretary, thirty days notice in writing
: of such intentions and the other stockhold-
| ers shall have the first privilege of pur-
chasing the said stock at the Aook value
thereof for period OF thirty days from the
said notice, after the expiration OF which
time said stock may be sold in the open
market
ARTICLE X-Seventy six shares full paid
stock shall be issued 10 George h. Force,
Isaac w. Troxel and Fordyce Kimbell, in
consideration whereof the said George n
Force, Isaac w. Troxel and Fordyce Kim
bell hereby sell, assign, set over and deliver
to the New Orleans Gravel Company, In
corporated all their right, title and interest
in and to the contract they entered into with
the Liberty Sand & Gravel Company, lncor-
porated and Joseph Kruebbe on June Hth;
1919, copy of said contract being recorded
in Conveyance Office, Book -, Folio =,
of the Parish of Washington, copy of said
contract is hereby delivered to the New Or
leans Gravel Company, Inc.
The said appearers being all of the sub
scribers hereto and officers hereof being by me,
| Notary first duly sworn, did depose and say
: that the property herein transferred to this
company by the said George X. Force, Isaac
W. Troxei and Fordyce Kimbell is well
known to them and that they, and each OF
them, hereby appraise same at the sum OF
Seventy Six Hundred $500 Dollars.
Thus done and passed, in my office at the
City of New Orleans, Louisiana, on. the day,
month and year first above written in the
> presence of Thelma Elliott and ID. V. Dous-
san, competent witnesses, who hereunto sign
their names, together with the said appear.
ers, and me, Notary, after due reading oil
the whole.
/ Witnesses: T. Elliott, d. " Doussan.
S Original SigneD Geo. X. Force, Sixty
two shares; Isaac w. Troxel, Sixty-three
r shares Ernest E. Sykes, one share.
i c. T. STARKEY,
: Notary Public.
/ hereby certify that the above and fore
; going is true and correct copy Of the orr
i ginal on file and of record in my office. \
c. T. STARKEY,
Notary Public.
T July 1017-24-3l; Aug ia.
II A. ArvnN NAIN