The herald., 1919-03-13
CHARTER

ARTICLE VI.-The Board OF Directors
shall hold regular meetings at such times as
shall be fixed in the bylaws OF this corpora.
ton. These meetings shall be held at the
domlclle OF the corporation, but the president
may call SPECIAL meetings of the Board Of
Directors at such times as he may deem ad.
vsable, and he shall be required to call such
special meetings at the request of member
of the Board OF Directors Three days writ
ten notice of such special meeting shall be
given to the directors. unless waiver Of
such notice is signed by the directors. ANY
vacancy occurring in the Board of Directors,
either from death, resignation or inability
TO serve, shall be filled by the remaining
Board or Directors at its next regular meet.
ing after such vacancy shall have occurred
The first Board of Directors of this corpo.
ration shall be required to draft suitable by.
laws tor the government of the corporation,
which may be altered, amended or changed
as the eXigencies of the case may REQUIRE
ARTICLE VIL-The stock of this corpora.
ton may be transferred, provided, such trans.
ter shall be recorded on the Books of this
corporation before it shall be required 70
recognize the transfer, or the new holder
OF the stock. The total amount of the sub
scribed stock, as herein set forth, is the
sum of Twenty Thousand ($2O,OOOOO) Dol.
lars, or Two Hundred 600 shares. of which
SIX thousand (S6,O000) Dollars or Sixty
Voo) shdres' are hereby authorized to be is
! sued fully paid for and non assessable for
cash. In the event that any stakeholder de.
| sires to sell his stock, or any part thereof
| he shall first offer same to the remaining
stockholders, in proportion to their respec
| tive holdings, at ks book value This
| offer is to be made 10 appear by letter adj
dressed to each stockholder at his last
| known address, giving thirty days option.
AT the expiration of which time, the said
stockholder desiring to dispose of his stock,
shall be at liberty to sell at whatever price
and to whom he may please.
| ARTICLE VIII--This charter may be
modified or altered, the capital stock thereof
| increased or decreased, or the corporation
| may be dissolved with the assent Of twothrds
OF the capital stock present or represented at
any meeting of the stockholders held for that
| purpose, after prior notice in writing to
each stakeholder or mailed to him at his
last known post office address, all in ac-
cordance with the terms of Act 267 Of 1914
| ARTICLE IX.-At the expiration Of this
| charter, or the earlier dissolution of this cor
| poration for any cause. its affairs shall be
iquidated by one or more liquidators to be
elected by the stockholders, all of whom shall
| hold stock nthis corporation. and said IL
qudatOrs are hereby vested with full power
and authority to liquidate the affairs OF
said corporation, with full power TO act un'
| der the terms of Sec. 30 of Act 26 OF IVA.
The said appearers hereby declare that they
have subscribed to the following number OF
| shares of the capital stock of this corporation,
to-wit; Samuel A. Davis, Jr., twenty tD
! shares; Charles E. Smith, twenty t2O) shares;
| Ephriam Rosenberg, twenty (s) shares;
Earl Bruce Rowan, forty (4O) shares ana
| Otto F. Briede, twenty (20) shares, one'hai
| Of which shall be paid in cash. and the re-
mainder within twelve months from the daie
hereof.
| Thus done and passed at my office in TINS
| City of New Orleans, Louisiana, on tne
| day, month and year hereinabove ntsI
| written, in the presence of Francis 7. burns
and J. n. Swing, competent witnesses. wac
hereunto sign their names, together with tns
| said appearers and me, Notary and the ssio
appearers have also set opposite their names
| the number Of shares subscribed by them'
all after due reading of the whole:
/ Witnesses: Francis p. Burns. J. n. SWING
/ Original Signed Samuel A. DAVIS. y,,'
| 20 shares; Chas. f. Smith, 20 shares; Z. D.
| Rowan, 20 shares; Otto +. Briede, ~ snares'
| Eph. Rosenberg, % shares 100,
| JOHN R. UPTON;
Notary Public.
I, the undersigned Recorder Of Mortgages;
in and for the Parish Of Orleans, STATE OF
T, Louisiana, do hereby certify that the sOo os.
| and foregoing Act of Incorporation, OF , hi
Smith Davis Company, Inc, was THIS , az
duly recorded in my office, IN BOOK i-S''
Folio -.
New Orleans, March 3rd. 1919
(Signed) EMILE J. LEONARD, Dy' N
TOHN R. UPTON:
| Notary Public
| Mar. 6-f5-2O-E: APR $40