The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-22
CHARTER

shares of the par value of One Hundred
| $4,000 Dollars each. The capital stock
of this corporation may be increased, from
time to time, TO a sum not to exceed One
| Hundred Thousand (Sl00ImOOO Dollars on
a two-thirds vote of the stockholders. Sucn
| stock shall be full paid and non assessable.
All stock of this corporation, provided for
| herein or that which may hereafter be is
sued, shall be valid only if signed by the
President and counter signed by the Secre,
! tary Treasurer. All transfers OF stock shall
be valid and binding only when made on
! the books of the corporation. Before any
stockholder shall sell dispose of his
! stock in the corporation, he shall give thirty
do to the corporation, during which thirty
| days the corporation itself shall have the
right OF purchasing the stock at its book
value. THIS corporation shall begin bust
ness Five Thousand (S5,OOOO) Dol
| lars of the capital stock has been subscribed
as provided for in Section 2, Act 47 of the
| General Assembly Of the State of Louisiana,
! for the year 1914.
| ARTICLE V.-All the corporate powers Of
| this corporation shall be vested in and ex-
ercised by Board of Directors, TO be
| composed of three stockholders. each Of whom
| shall own in his own right at least one full
paid and unpledged share OF the capital
J stock, two members of whom shall cOnsti-
! tute quorum for the transaction of bust
ness. The annual meeting of the stockhold-
J
| year. or the first working day thereafter.
| The first election for directors under this
charter shall be had, by ballot, at the an,
nual meeting OF the stockholders, to be held
on the Sth OF May, 1920, and annually there
after. Notice of such meeting, in writing
shall be given to each stakeholder by mail
addressed TO his or her last known postof-
tee address. at least fifteen days before
the date of such meeting. At all such
elections and at all meetings of the stock
! holders every stakeholder shall be entitled
to one vote for each share of the stock
standing in his name on the books of the
corporation at the date OF such election or
meetng; said votes may be cast, in per
son or by proxy, the said proxy to be in
writing, and a majority of votes cast shall
elect. All meetings of stockholders and di-
rectors shall be held at the domicile of the
corporation. unless all the directors shall in
writing consent otherwise.
The failure to elect directors at the annual
meeting shall not dissolve this corporation
nor impair its management in any way, but
the directors then in office shall remain in
office until their successors are elected and
qualified The Board of Directors at their
first meeting following each election shall
elect from their number President and a
Secretary Treasurer. and the board shall
have the power to fix the salaries OF such
officers and agents as they deem necessary
Vacancies occurring in the board of direc-
tors may be filled until the next ensuing
meeting of the stockholders by the remain
ing directors or director. whether quorum
remain or not. Special meetings OF the
stockholders may be called by the Board
at any time. and shall be called at the in
stance OF the shareholders holding twenty
tive per cent of the stock of the corporation
ana OF all such meetings, notice shall be
gwen IN the manner provided for herein
Until the meeting of the stockholders for
election of directors TO be held under this
charter on the sth of May, 1920. or until
their duly qualified successors are elected
- he arI Il =,
be composed of: Fernin F. Farrell No.
6322 5 Franklin ST.; Alfred NJ Farrell. No.
632 5. Franklin St.; and r. Noble Day, No
oS?o ; rankin St; all of New Orleans. La;
and the said Alfred NJ Farrell as Secretary.
Treasurer.
ARTICLE VI.-This act of Incorporation
may be modified, changed or altered or this
corporation may be dissolved, or the capital
may be increased in accordance with law,
al meeting OF the stockholders called for
the purpose, after notice shall have been,l
gwen IN writing to each stakeholder, deliv-
cred 10 him personally, or mailed by regis |
tered letter to him at the postoffice address
designated by him. at least fifteen G9 days
prior to the date of meeting.
ARTICLE Vino stakeholder shall ever
be held liable or responsible for the con- |
tracts, faults or debts of said corporation. |
IN any further sum than the unpaid balance
due the corporation the shares of stock
owned by him, nor shall any mere infor- |
maIity IN organization have the effect of |
rendering this charter null or of exposing a |
stakeholder to any liability beyond the un- |
paid amount remaining due on his stock
ARTICLE VIII.-The stockholders have
respectively written opposite their names the |
amount of stock in this corporation sub |
scribed for by each of them, 50 that this |
act may serve as the subscription list of said |
corporation.
Thus done and passed, at my office in the |
city OF New Orleans. on the day and date first
above written, in the presence of Messrs
Edwin ]. Prinz, and Eugene ]. Mckinney.
competent witnesses, who have subscribed |
their names hereunto with said appearers
and me, Notary, after due reading of the
whole ~
Witnesses: Eugene j. Mckinney, Edwin
J. Prnz
Original Signed Names omitted
EDWARD RIGHTOR,
Notary Public.
L. the undersigned Recorder of Mortpages
IN and for the Parish of Orleans. State nj
louisiana, do hereby certify that the above
and foregoing Act of Incorporation. of the /
Farrell Shipping Co.. Inc, was this dav
duly recorded in my office in Book la2s. Folio
S14 0N i--'' ioiio
New Orleans. April 26, 1919.
EMILE J. LEONARD, D. R.
EDWARD RIGHToR.
NJ Notary Public