The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-27
CHARTER.


corporation impair its corporate exist
ence or management, but the directors then
IN office shall remain in office until their
successors are elected and qualified.
| The Board OF Directors shall elect Presi-
dent, and one or more Vice Presidents, and
a Secretary Treasurer. The President and
| Vice Presidents shall be stockholders and
Directors OF the Corporation, but the Secre-
tary-lreasurer may or may not be Di-
rector or stakeholder, at the discretion OF
the Board of Directors. The number of Di-
Tectors shall be determined by the stock
holder al each annual meeting, and the nun
Der OF ice-Presdents shall be determined
each year by the Board OF Directors.
The board OF Directors snail nave power
and authority TO appoint such agents, man
ayers, Officers and other employees neCes-
saTy in their Judgment 10 conduct the busl-
ness OF the Corporation, and TO give 10 such
agents, managers, officers and other EN-
pIoyees as much authority they may
deem necessary for the purposes and bust
ness OF the Corporation. Ihe Board shall
have the power to Xix the compensatIons and
define the duties OF every officer and en-
ployee and all agents, managers, officers
and other employees shall hold office and
employment al the pleasure of said Board.
The Board may make and establish, as
well as alter and amend, any and all by
laws, rules and regulations necessary and
proper IN its Judgment for the conduct, sup
port and management OF the business and
affairs OF said corporation. At all meetings
! OF the Board OF Directors each director shall
have the right to appoint a proxy to act
! IN his place and stead, the person 50 appoint
| ed need not be a Director but must be a
| stakeholder.
! The Board shall have full power and au-
! thorlty TO borrow money, execute mortgages
| and create liens; to issue bonds, notes and
other obligations and to secure the same
! by mortgages, pledges or otherwise land, gen
orally TO do any and all things reasonable,
convenient and necessary for the proper car
rylng on OF the business and affairs of
SAID corporation. The first Board of Di-
rectorS shall be composed of Walter b. Gill
lIcan, Buckner Chipley, and Lynn II. Din
! kins, whose present addresses are set oppo-
site their respective names to the subscrip-
ton to the capital stock of this corporation.
The Board of Directors shall at its first
meeting elect the officers of this Corpora
ton, in accord with the terms of this Char
| ter.
ARTICLE NI.-Whenever this corporation
! shall be dissolved, either by limitation or
from any other cause, its affairs shall be
! llquIdated by three COMM ssiOners to be ap-
pointed from amongst the stockholders at
a general meeting of the stockholders CON
/ vened tor such purpose; two-thirds in amount
| OF the capital stock of said corporation rep
resented at said meeting shall be requisite
! TO elect. Said commits sonerS shall remain
| in office until the affairs OF said corporation
shall have been fully liquidated. In case
| OF the death OF one more OF the commits
sloners, the vacancy vacancies shall be
! titled by election by the surviving COM
nlissioners Said commissioners shall have
| all powers conferred upon them by law or
/ by the stockholders at such meeting, if no.
/ inconsistent with law.
ARTICLE VII.-This act of Incorporation
may be changed, modified or amended or
! the capital stock of the corporation may be
cod
may be dissolved in the manner provided
by law.
ARTICLE VIII.-No stakeholder shall eve
be held liable or responsible for the con
tracts, faults, or debts of said corporation
IN any further than the unpaid balanc,
Que lhe corporation on the shares OF stoc}
owned by him, shall mere informalit'
IN organization have the effect of renderin
this charter null or of exposing a stockhold
er TO any liability beyond the unpaid amount
II any remaining, due on his stock.
ARTICLE IN.-In order that the charte
/ may serve as the original subscription lis
OF this corporation, the subscribers heret
have written opposite their names and All
dresses the amount OF the subscription /
the stock made by each, to-wit: Walter b
f, Chilean, No. Al Walnut Street New Or.
leans, La, 154 shares; John A. TAYLOR, No.
1917 Henry Clay Ave, New Orleans, La, ICC
shares; Lynn II. Dinkins No. 1927 Bor-
deaux St, New Orleans, La, 100 shares
Buckner Chipley, No. 579 Broadway, New
! Orleans, La, 100 shares
Thus done and passed, in my office, at
/ the City of New Orleans, on the day, month
and year herein first above written, in the
presence of Philip De0lin and A. w Racquet.
competent witnesses, who hereunto sign their
names with the said appearers and me, No
tary, after reading of the whole
Witnesses Philip Deolin, A. W. Pacquet
Original Signdl w: B. Chilean, l34 shares
John A Taylor, 100 shares; Lynn II. Dinkins.
100 shares; Buckner Chipley, 100 shares.
CHAS. l. DENECHACD.
Notary Public
l, the undersigned. Recorder OF Mortgages.
in and for the Parish of Orleans State of
Louisiana, do hereby certify that the Act
of Incorporation of the Blodgett Naval Stores
Co, Inc, this day duly recorded in my
office, in Book 1928, Folio 1874.
New Orleans, March 10Th. 1919
| tSigned) NJ. ]. DUNN, Asst. Dy R.
A true copy.
! CHAS. l. DENECHAUD.
| Notary Public
Mch 2S-Apr. 34May l.