The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-06
CHARTERS

and employees as they deem best to fix
their salaries, terms of office and the right
to dismiss them at said Boards pleasure,
and said Board shall have the further right
to determine and fix the salaries, II any,
OF the several officers herein provided for.
ARTICLE NI.-The first Board OF Direc-
tors and officers who shall serve until the
annual meeting TO be held on the second
Monday in January, 1920, or until their
successors are duly elected and qualified,
shall be: ]. Otto Elmer, 1924 Arabella
Street. New Orleans, La, who shall be
President; Joseph w. Cochran, 635 West
Fourth Street, Williamsport, Pa. who shall
be NiCe-President; Robert Gilmore, lA
Market Street, Williamsport Pa, who shall
be Secretary
ARTICLE VII-This charter may be al
tered or amended and this corporation may
be dissolved by vote OF two-thirds OF all
outstanding stock at a meeting OF the stock
holders duly convened for that purpose by
the Board Of Directors or by the President
twenty-five per cent. OF the outstanding
stock after fifteen days notice mailed 10
each shareholders last known address. But
| the capital stock OF this corporation shall
not be decreased by such amendment; to an
amount less than the corporate Indebtedness,
/ and no amendment shall be made changing
! the objects and purposes Of this corporation
without a vote OF all outstanding stock, and
| the capital stock shall NOT be increased be
/ yond the amount originally named the
!
! except by vote Of ;hree-tou-ths OF al! out
| standing stock.
| Whenever in the judgment Of the Board OF
! Directors it shall be deeH.ed advisable that
/ this corporation shall Re dissolved, the Board
shall within ten days after the adoption OF
4 resolution TO that eccect by a majority OF
the whole board a. any meeting called Tor
! that purpose, Of which meeting each dlrec-
! tor shall have received at least three days
! notice, cause notice OF the adoption OF such
| resolution to be mailed 10 each stakeholder
together with a notice of a meeting Of the
stockholders 10 be held at the office Of the
corporation, to act upon the resolution, Sc
| adopted by the Board. The stockholders
meeting shall be held at any hour fixed by
the Board on the day mentioned between
| the hours OF 1000 \. NJ. and 500 p. NJ.
| for the purpose Of voting upon such proposed
dissolution. Whenever all of the stock.
holders shall consent in writing 10 a disso
| luton, no meeting or notice thereof shall
be necessary.
ARTICLE VIII-Whenever this corporation
is dissolved by limitation or otherwise, its al
fairs shall be liquida.ed under the super.
vision OF three liquidators. elected by the
| stockholders and chosen from among the
| stockholders, which liquidators shall bt
elected at a meeting of the shareholders con
vened for that purpose under the terms and
| conditions OF Article 7 OF this Chartr.
| ARTICLE IN-No stakeholder of this
Company shall ever be held liable or re
sponsible for the contracts or faults OF thi:
| corporation in any further than the un
paid balance due on shares of stock owned
by him, shall any informaity in orga
nization have the effect of rendering thi:
Charter null or of exposing any stockholdei
to any liability beyond the unpaid balance
due on his stock, nor shall any informally
or irregularity in organization have the ef
sect OF rendering any shareholder liable as
partner.
Thus done and passed. in my office, in the
City Of New Orleans, on the day. month, anC
ence Of Messrs. John May and John D
Miller. competent witnesses, who hereuntl
sign stheir names. with the said appearer:
and me, Notary, after reading OF the whole
and the said aPpearers have hereunto sign
ed opposite their names the number o.
shares OF stock OF this corporation sub
scribed for by them.
Original Signed Jos. w. Cochran, Viii
Transport, Pa, share; Williamsport Wire
Rope CO.. by Jos. w. Cochran, Pres, vii
Transport Pa, 20 shares; Robert Gilmore
Williamsport, Pa, shares; J. o. Elmer
New Orleans, La, 90 shares; Logan Gun
ningham, by Robert Gilmore, Williamsport
Pa, 5 shares.
Witnesses: John May John D. Miller.
CHAS. F. FLETCHINGER,
Notary Public.
I, the undersigned. Recorder OF Mortgages
: in and for the Parish OF Orleans, State o
: Louisiana, hereby certify that the abov
and foregoing Act of Incorporation of J. Q
: recorded in my office, in Book 1922, Folio =
New Orleans. La, February TO- 1919.
lSignedl EMILE J. LEONARD. by. R.
I hereby certify the above and foregoin
r to be a true and correct copy OF the origina
! Act Of Incorporation now on file and q
record in my office
E As Witness Ny Hand and Notarial Sea
at New Orleans, La, this 10th day OF Fet
ruary, 1919.
0 CHAS. F. FLETCHINGER,
/, Notary Public.
0 Feb. l3-1O-27; March 6-13-1