The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-03
CHARTER.

shall be served on the President or in his
absence on the Nice-President, and in the alb
sence of both on the Secretary, or as the
law directs. All meetings of the stoCkhOld-
ers or directors must be held at the domicile
of the corporation and in its principal office
there: provided, that with the written con-
sent of all Directors valid meetings of the
Directors may be held outside Of the State
within the State, elsewhere than at
its domicile.
ARTICLE V.-This corporation shall en-
dure for a period OF ninetynine years and
enjoy the right of succession.
ARTICLE VI.-The corporate powers of
this corporation shall be vested in and ex-
of three stockholders two of whom shall
constitute a quorum for the transaction of
business, except that the officers of this
corporation shall have and exercise the
Section 10 of Act 267 of 1914. Until the first
Monday in January, 1920 the following named
persons shall constitute the Board of Di-
rectors for this corporation, to-wt: Joseph
S: Vinson,. address 7o2 North Scott ST.,
New Orleans; and Charles W. Bosch,
address 616 Valence ST., New Orleans
| and Anthony p Kennair, address 423 South
Gayoso ST., New Orleans. Thereafter the
Directors shall be elected annually on the
first Monday in January. The Directors
and officers of this corporation shall hold
office and continue to serve until their sue.
cessors have been elected and duly quail
fled. The Board of Directors shall by
| majority vote have right and power to in
! crease the number of Directors and elect
new Directors to the places created, provided
| the maximum number OF Directors of the
corporation shall never exceed seven. Any
| stakeholder may be eligible for membership
on the Board of Directors who owns one
share of stock in the corporation, in his owr
name and unpledged. The stockholders shall
elect Directors at their annual meetings by
| ballot and each stakeholder shall be Ell
| led m SharR Of
standing in his or her name on the book:
! of the Corporation, the vote to be cast in per
son or by proxy; and it shall require a ma
| jority of the stock present to elect;
: The Board of Directors shall hold regular
meetings at stated intervals at such time:
as may be fixed in the bylaws of this cor
/ poration. The meetings shall be held a
the domicile of the corporation or as pro
vided in Article ~ of this charter, but the
President, and in his absence the Vice
President may call special meetings of the
Board of stockholders as he may deem ad
visable, and he shall be required to cal
to do so by Director or by holders of one
fourth of the capital stock of the corpora
ton. Three days notice of such specia
meetings shall be given in writing, by mai
waiver of this notice is signed by all tn,
Directors, but no general waiver shall b.
legal. Any vacancy occurring on thu
Board, or in any office shall be filled b.
| the Board or DIRECTORS al It's next meeting
after such vacancy has occurred The frs
Board of Directors shall and is enjoined t.
draft and adopt a suitable set of bylaw
for the government of the corporation whicl
may be altered, amended or changed as TIL
| business of the Corporation may require.
ARTICLE VII.-The officers of this cor
poration shall consist of President,
Vice President and a Secretary and Treas
urer each of whom shall be stakeholder
as required to be Director. The office o
| he
same person. The following persons shall
be officers until the meeting of the stock
holders to be held on first Monday of Janu
airy, 1920: Joseph S, Vinson.. President, ad
dress 702 n. Scott ST., Orleans; Charlie
W. Bosch, Vice President, address 6l6 Val
ence ST.. New Orleans. and Anthony P. Ken
nair Secretary and Treasurer address AZ
S. Gayoso St; New Orleans, La. =,
amended, modified or altered, the capita
| stock increased, not to exceed the maximum
| fixed in Article " of this Charter, or tn
| Corporation dissolved by the assent of three
| fourths of the holders of the stock issued a
a general meeting or a special meeting o
| stockholders of which notice has been giver
| thirty days prior to the meeting, in writing
| a copy of which shall be mailed to the ad
dress of each stakeholder and after publica
ton of such notice for thirty days in
daily newspaper published in the City o
! New Orleans and upon complying with tn
| requirements of law in such cases provided
| The notice to STOCKHOLDERS may De walveI
| in writing, provided it be signed by al
stockholders of the Corporation, but no gen
| eral waiver shall be legal.
ARTICLE IX-The Board Of Director
| shall have and be vested with the corporal
powers of this corporation. The Corporatio
shall have succession by its corporate nam
for 60 years; to sue and be sued by its col
porate name in any Court of competent jul
| isdiction; to make and use a corporate sea
and the same to alter at pleasure; to az
quire property by grant, gift, purchase;
lease, hold, and dispose of and to mortgag
and pledge the same, subject to limitation
fixed by law; TO appoint such officers an
| agents as the business of the corporation ma
| require and to fix their compensation havin
due regard to the nature, character, an
| value of their services; to conduct bushes
in Louisiana. other States of the Unior
| Federal Districts, possessions of the Unite
States and in foreign countries; to purchas
for cash or hold when acquired in operatio
| of its business, stock in other corporation
ARTICLE X.-At the expiration of thi
charter. or the earlier dissolution. of thi
Corporation its affairs shall be liquidated b
three commissioners, all of whom shall hol
stock in this corporation and said Commi:
sioners shall have full power to sell any {
all the assets of the corporation to conve
title, and to do and perform all acts esseI
tial to a full liquidation Of this corporation
and to distribute the proceeds by payin
first the debts due by the corporation an
then prorating the remainder between II
stockholders, on the basis of the number
! shares owned by each. In case of death
one or more commissioners the survivor
shall continue to act.
Thus done and passed in my office.
the City of New Orleans, aforesaid, the da
mouth and year first written, in the pre-
ence Of Stirling Parkerson and George
Herber witnesses of lawful age, residing