The herald., 1919-07-10
CHARTER


snail be elected annually on the Second
Monday IN June Of each year, the first elec
ton to be held in the year 1920 All such
elections shall be by ballot. at the office OF
| the corporation, under the supervision OF TWO
commissioners, to be appointed by the Board
OF Directors and in the absence OF any com.
missioner, the President shall. have p1wer IA
iIll the place by appointments and OF all
Such elections, as well of all meeting, of
Stockholders. except for the purpose Of II.
/ qudauou or dissolution, or as otherwise re
| CURED by law, ten days notice shall br
gwen by mailing to each stakeholder who
appears as such on the books of the corpora.
ton, at his last designated address. or Al
the general delivery at New Orleans. # ne
has not designated an address. an announce
| ment stating the time and place OF the meet
ing. Zach shareholder shall be entitled 10
one vote Tor each share OF stock standing
IN his name the books Of the company.
! to be cast IN person or by proxy, and a ma
! JorIty OF the votes cast shall elect The
| Board OF Directors shall have power to fill
! all vacancies that may occur in the Board
Failure to elect directors on enc dav above
/ specified shall not dissolve the corporation.
but the Directors then IN office shall remain
IN Office until their successors are elected
/ and qualified. Due notice of another cleo
ton shall forthwith be given, as above pro
vded. Such notice OF election shall be con.
mnued to be given until an election Is held
The Board Of Directors at their first meeting
following each annual election shall elect
from their number a Presi-rnr "A Vice Pres
dent and a Secretary Treasurer and such OF
tcerS as the Board of Directors shall deem
| necessary. The Board shall have power, in
Its discretion, TO unite two or more offices,
and the same to confer upon one person, and
shall have power to fix the salaries OF all
officers and all such other officers and en-
ployees they deem necessary The Board
! OF Directors shall have power to make and
establish, as well alter and amend, all
| bylaws, rules and regulations necessary and
proper tor the support and management Of the
| business and affairs OF said corporation. not
| inconsistent with its charter said Board
snail also have full power and authority to
| borrow money, and through the President or
some other duly authorized agent or agents.
/ 10 execute mortgages, issue notes, bonds or
other obligations, III such amount and on such
/ terms as IN their judgment may be advan-
| .ageous; and generally to do all things nee
| essary for the proper carrying OF the
/ business of this corporation. as also to issue
and deliver full paid shares of stock and
/ bonds or obligations of this corporation in
payment Of money borrowed, or money, labor
or services and property rights actually
received by this corporation, as heretofore
set forth; and shall have power to do all
such acts and things as may be necessary
to carry out the objects and purposes for
which this corporation Is organized.
a majority of any OF the Directors shall
constitute quorum for the transaction OF
any business At any meeting OF the Board
any Director absent from the meeting may be
represented by any other director, who may
cast the vote OF said absent Directors, accord
ing TO the written instructions OF said absent
Director. The Board of Directors shall have
the power by vote OF not less than a ma
JOrity thereof, TO SELL lease, mortgage, by
bond mortgage or otherwise, or to pledge, any
and all of the property movable or immOv-
able, belonging to the corporation, or to re-
ceive in exchange therefor, money or stocks
or bonds or other obligations of another
corporation, without referring to the share
holders for the power to do so; and they
may also purchase for stock in this cor
poration or for cash or on credit, property
Of any kind required for any OF the pur-
poses OF this corporation, without authority
of the shareholders.
Until the next general meeting to be held
under this Charter on the second Monday in
June, 1920, until their duly qualified Suc-
ceSsors are elected and installed the Board
Of Directors shall be composed Of George X.
Force, Alexandria, Louisiana, Isaac W. TroN-
el, Baton Rouge, Louisiana, and Ernest +.
Sykes OF New Orleans, Louisiana, with
George X. Force, as President, Ernest T.
Sykes Vice-President and Isaac W. Trox-
el as Secretary Treasurer.
ARTICLE Widths charter may be
amended aud the capital stock OF this corpo-
ration may be increased or decreased, or
this corporation may be dissolved in the
method and manner provided by law
ARTICLE VIII.-No stakeholder of this
corporation shall ever be held liable or re
spOusible for the contracts or faults OF this
corporation in any further sum than the un-
paid balance on the stock for which he has
subscribed, nor shall any mere informality
in organization have the effect of rendering
this charter null or of exposing stakeholder
to any liability then as Above provided
ARTICLE IX.-No stakeholder may sell.
assign or transfer his stock in this corpora
ton without giving to the company, through
its secretary. thirty days notice in writing
ers shall have the first privilege of pur- !
chasing the said stock at the A)ok value |
thereof for a period of thirty days from the |
said notice, after the expiration of which |
time said stock may be sold in the open |
market.
ARTICLE N.-Seventy six shares full paid
stock shall be issued to George X. Force,
consideration whereof the said George X. |
Force, Isaac w. Troxel and Fordyce Kim
bell hereby sell, assign, set over and deliver
to the New Orleans Gravel Company, In
all their right, title and interest
in and to the contract they entered into with
the Liberty Sand & Gravel Company, lncor-
porated and Joseph Kruebbe on June 18th,
1919, copy OF said contract being recorded
IN Conveyance Office, Book -, Folio -,
IF the Parish of Washington, copy of said
cans Gravel Company, Inc.
The said appearers being all of the sub
'cribers hereto and officers hereof being by me,
Notary, first duly sworn, did depose and say
hat the property herein transferred TO this
by the said George X. Force, Isaac
W. Troxel and Fordyce Kimbell is well
tnown TO them and that they, and each of
hem, hereby appraise same at the sum OF
seventy Six Hundred $500 Dollars.
Thus done and passed, in my office at the
lily of New Orleans, Louisiana, the day,
month and year first above written in the
presence of Thelma Elliott and d. V. Dous-
an, competent witnesses, who hereunto sign
heir names, together with the said appear
RS. and me, Notary, after due reading of
he whole.
Witnesses: T. Elliott, D. V. Doussan
Original Signed Geo. X. Force, Sixty
wo shares; Isaac w. Troxel, Sixty-three
hares Ernest Z. Sykes, one share.
c. T. STARKEY,
Notary Public.
I hereby certify that the above and fore
roing is a true and correct copy of the orr
nal on file and of record in my office.
c. T. STARKEY,
Notary Public.
July 1017-24-3l Aug. IA.