The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-09
CHARTER
increased to Five Hundred Thousand
Dollars $500 900. COZ.

increased to Five Hundred Thousand
Dollars ($500OO00O).
ARTICLE v.-All the powers OF this
corporation shall be vested in and eNer-
cised by Board composed OF i've
Directors Said Board shall be elected
annually by ballot at stockholders
meeting called for that purpose on the
first Monday of July OF each year cor
the next legal day if that day
be holiday, after due motto"
given to the stockholders by mail
at least fifteen days before tn" date of
said meeting Each holder of stock shall
be entitled to one vote for each share ol
stock standing in his nam" on the books
of the corporation, said vote to be cast
in person or by proxy, and the majority
of votes cast shall elect. The Board of
Directors shall have the power TO fill AL
vacancies which may occur or IN any
manner arise or be created on the Board
even though no quorum remain at the
time such vacancies are to be filled.
Failure to elect Directors on the day
above specified shall not dissolve IN"
corporation. but the Directors then IN
office shall remain in office until their
SUCCESSORS are elected and qualified. In"
Board shall elect from their number
President a Vice President and Secre-
tary- Treasurer; provided that the Board
may elect such other officers (who need
not be members of the Board or stock
hoIders) as they think proper or cOnyen-
lent for the carrying on of the cOmpany'S
business and they shall fix the salaries
of all officers, agent and employees.
At any meeting of the Board OF Direct
OrS any Director absent from the meet
ing may he represented by any other
Director who may east the vote of the
absent Director according to the written
instructions, either general or special, or
said absent Director. The Board OF
Directors shall have authority 10 make
and establish, as well as alter and amend,
all ~, rulp nptgS-
sary and proper for the support and man
agement of the business and affairs OF
this corporation and not inconsistent
with this charter; and they snail nave
power to authorize the borrowing OF
money and the issuance of notes and the
execution of pledges, and generally To
do all things necessary or convenient cor
the proper carrying on of the business OF
the corporation.
Until general meeting of the stock
holders for election of Directors to he
held in 1920, or until their duly quail
fled successors are elected and installed,
the Board of Directors shall be composed
of the following: ). W. King, post Once
address, Dallas Texas, Charles +. Levy,
post office address, SIS GraVler street
New Orleans. Hal Brown, post office ad-
dress, 922 Gravier Street, New Orleans,
Simon j. Shlenker. post office address,
S26 Gravier ST.. New Orleans, 5. W. King
Jr, post office address, Dallas Texas.
of these. S. W. King shall be PreSi-
dent: Simon J. Shlcnker, Eice-President,
and Hal Brown, Secretary Treasurer
ARTICLE VI-This act of incOrpora-
ton may be changed, modified or amend
ed or the corporation dissolved. by
vote of twO-thirdS of the entire capital
stock present or represented at general
meeting of the stockholders convened TOT
such purpose, after previous hotlce snail
have been given in the manner above re
puired a he given of the annual meeting
of the corporation.
ARTICLE Wifi this corporation
shall be dissolved, either by limitation
or from any other cause its affairs snail
be liquidated by three commissioners TO
be appointed at the meeting OF stock
holders convened for the purposes OF
liquidation, and to he elected by the vote
of all the stockholders voting upon n
parity Said liquidatOrs shall remain in
office until the affairs OF the corporation
shall have been fully settled and hquldat-
ed, and they shall have full power and
authority to transfer and give title to all
the property and assets of the corpora
ton and to distribute the proceeds. In
case of death, disability or resignation Of
one or more liquidatOrs. the vacancy shall
be filled by the survivor or survivors.
ARTICLE VIII.-No stakeholder shall
ever be held liable or responsible for the
contracts or faults of said corporation in
any further sum than the unpaid balance
due on the shares of stock owned by him,
nor shall any mere informality in organ
iZatiOn have the effect of rending this
charter null or of exposing any stock
holder to any liability beyond the I'M
paid balance due on his stock.
! In order that this charter may serve as
| the original subscription list, the sub
! scribers hereto have indicated opposite
| their respective signatures the number OF
shares of stock subscribed for by each Of
| them. All subscriptions are to be paid for
! in cash at the execution hereof.
! Thus done and passed at my notarial
office at the City of New Orleans, State
of Louisiana, on the day, month and
! year first hereinabOve written, in the
! presence of Walter J. Suthon, Jr., and
| Yvonne Goodrich, competent witnesses
| who have hereunto subscribed their
names to gether with me, Notary and the
said appearers, after due reading of the
| whole.
Witnesses, Walter J. Suthon, Jr.,
Yvonne Goodrich.
WATTS X. LEVERICH,
Notary Pubic
/, the undersigned, Recorder of Mort
| cages in and for the Parish of Orleans
State of Louisiana, do hereby certify
that the above and foregoing Act of In
cooperation of King, Brown Co., lncor-
porated, was this day duly recorded in
my office in Book 1881, Folio -.
/ New Orleans, La, September 9TH. 1919.
| EMILE J. LEONARD, by. r.
A true copy.
WATTS X. LEVERICH,
Notary Public.