The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-03
CHARTERS

$50 shares of the par value Of $1,000 each,
and may be increased to the sum OF $780,,
| OO0O0, divided into loco shares Of the par
value Of $1,000 each. and this corporation IS
| TO be a going concern when one-haI OF the
capital stock has been issued and subscribed
| for. Each share OF stock shall be entitled
| to one vote at all general elections. Should
| the capital stock Of this corporation ever be
increased over the sum OF S-5,pvoCO, then
| such additional shares OF stock that may he
/ issued shall first be offered to the holders
! IT stock at the time OF issuance OF said new
! stock IN the proportion in which the said
stockholders shall at the time OF issuance
hold stock in this corporation.
/ ARTICLE N.-No stockholders shall ever
| be held liable or responsible for the inde5t-
cd0css, fu,tS or defaults q TINS corporation
nor shall any mere informality in the orga-
/ utzltIOn Of the corporation have the effect
/ 10; rendering the charter nall or Of exposing
/ the stockholders 70 any liability beyond the
| unpaid balance, II any. on his stock sub
! scr'p;ion. Should any stakeholder desire TO
/ sell his stock he shall first offer the same
/ 10 the stockholders Of the company through
/ lis hoard OF directors and the stockholders
| who desire 70 purchase shall have the right 10
! purchaS" the same in the proportion to their
4 holdings Of stock in the company. Should
/ said stockholders in fifteen days after notice
/ ~ purchase the stock offered for sale, such
| stock may he sold TO any one. No transfer
/ If stock shall he made or held to he valid
/ and binding unless made on the books Of the
] the provisions Of this charter
| ARTICLE NI-This corporation shall have
| all powers granted to such corporations by
| law and shall have the power to contract.
! size and be sued in its corporate name, and
! to own. hold. receive, loan. lease, purchase.
! sell and convey or mortgage any and all of
its effects or II hypo,hecate its property and
20 do any and all acts and things OF any
other kind nature description. a. may be
necessary to carry out the objects and pur-
poses Of said business as its interests and
convenience may require.
/ ARTICLE NII.-Thc business Of said cor
p1ration shall be directed by aad vested in
board Of directors Of three stockholders
two of whom shall constitute quorum for
the transaction Of business. and the said di-
rectors as first constituted shall be p. {.
Doer- Alvin c. Carpenter and ]. ] Mulligan
and two others 20 be selected by the three
above named directors and they shall hold
office until the second Monday Of January.
1920. and on that day and from each and
every day thereafter elections shall be held
annually for directors at the PRINCIPAL office
Of the corporation. Failure 70 hold an cleo
the corporation. but the directors in office
shall hold their respective offices until an
| election shall be held after thirty DAYS no.
tice OF the time and place thereof given to
be held on the second Monday in January,
1920. and thereafter on the second Monday
! in January in each succeeding year. and the
election shall be held between the hours
ces the board of directors for whatever
cause shall be filled by the remaining di.
rectors P. C.. Doerr shall be the first
president and manager. Alvin c. Carpenter
| shall be the first vice president and J. J.
! Nulhgan shall be the first secretarv-treas-
urer and they shall hold office until the sec.
ond Monday in January. 1920 and each sue
! ceeding board or directors shall elect its
principal officers for the term of their cleo
| ton and only stockholders shall be eligible
for election as a member Of the board of
directors.
ARTICLE VIII.-Whenever this corpora.
ion is dissolved, either by Limitation or for
any other cause. its affairs shall be liuu-
dated by the board of directors. who are
hereby vested with full power to sell any or
| all assets OF the corporation. either sepa-
| rately or in mass. and to convey full and
| complete title thereto. and shall have full
power TO do and perform all acts necessary
| and proper TO fully and completely liquidate
the affairs and distribute the proceeds if
any, among the stockholders of the said cor
poration TO the amount of stock held by
| each.
ARTICLE IX.-This act of incorporation
may be amended. altered modified or this
corporation dissolved by a vote of three
tourths OF the shares OF the total amount of
stock at meeting convened for that nur-
pose after ten DAYS notice in writing mailed
to the address of each stakeholder.
Thus done and passed in my notarial Of
flee, in the City of New Orleans, State Of
louisiana on the day, month and year first
Bennett and Ruth NJ. Seller. competent wit
nesses. who have hereunto signed these pres
ents, together with the parties hereto and
ne Notary. after a reading of the whole
Witnesses: Azelie Bennett, Ruth NJ. Sell
er.
true copy of the original now on file in
my office.
A. A. MORENO.
Notary Public.
Original Signed P. c. Doerr. 1914 Fourth
St. New Orleans. La. 100 shares A. c. Car
penter. 200 Nelson St, New Orleans. La.
25 shares: J. J. Mulligan Jr., 1914 Fourth
: St. New Orleans, La. shares.
A. A. MORENO.
Notary Public