The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-16
CHARTER

stallments paid on stock subscriptions at the
rate OF seven per cent per annum from the
date such payments are respectively made
until the shares are fully paid and there
dividends as may be declared out OF the
earnings of tie Company in the manner here
inabove set forth. The said Board shall
also have authority to set aside from the
earnings OF the Company a special fund
from which future dividends may be paid,
as occasion shall require warrant.
Section !: The capital Of this corporation
may be increased 10 an amount not exceed
ing One Millions Dollars OF preferred stock
and Ten Thousand Dollars OF common stock,
in such manner and at such time as may
hereafter be determined or as may be per
mitted authorized by law.
ARTICLE F.-All the corporate powers OF
the company shall be vested in, and the
management and control Of its affairs shall
he exercised by Board Of Directors. com.
posed OF three stockholders which number
may be increased at such time or times
which nay be deemed advisable 10 not more
man nne' at the discretion Of the Board OF
Directors. y majority OF the directors shall
constitute quorum for the transaction OF
all business The directors shall he elect.
ed annually by ballot, by the stockholders
on the first Monday Of November. in each
year. Each stakeholder shall be entitled
in person or by proxy to a vote for every
share owned by him, without regard TO class
and all elections shall be held under such
rules and regulations as may be determined
by the Board OF Directors but. after fifteen
days notice by mail OF such election. shall
nave been sent 10 each stakeholder at hi,
last known address. The Directors thu,
elected shall continue in office for one wear
or until their successors shall have heer
duly elected and qualified. No failure 70 elec,
snaII be regarded as a forfeiture OF this char
ter. Any vacancy occurring on said Boar
snail be filled by the remaining directors f.,
the uneNpired term; the said Board shall like
wise elect the additional members in cas-,
they should determine 70 increase the mum
Der OF the Board as above provided Sal,
Board OF Directors. shall at its first meet
ing after its election nominate ont of II,
number a President. two Presidents
and a Secretary Treasurer Il NAV divid,
ana nay even elect a secretary who nee,
be neither director nor stakeholder. Sal,
Eoard shall have the right t. appoint an,
DISMISS such clerks, managers, and othe,
| employees OF the corporation. including tn,
secretary who is not a stakeholder or dircc
tor as conditions may justify or the business
o! the corporation may require. The tenure
OF office Of all the employees Of the corpora
bon = sA2H be during the pleasure OF tn,
AIICLE Vino stakeholder shall ever b,
held liable or responsible for the contracts
faults, or debts Of said corporation nor shal
any mere lntormaility in is organization
have the effect of rendering this charter null
Z
beyond the unpaid balance due on Ia,
shares owned by him.
ARTICLE NII.-This act of incorporate,
| may be changed. modified or altered, or thi.
corporation may be dissolved, with the as
sent OF the stockholders owning two-third,
OF all the stock Of the corporation at a gen
eral meeting convened for that purpose, anl
after at least fifteen days written notice o.
this meeting has been given through mail
addressed to each shareholder at his las
Of
ARTICLE NIII.-Whuuever this corpora
ton shall be dissolved from any cause il!
affairs shall be liquidated by three stock
holders 10 be appointed at a general meeting
o. stockholders convened for the purpose O
liquidation, as hereinafter provided, eacl
share OF stock being entitled to one vote I,
be cast by the holder, either in person or by
proxy. Said commissioners shall remain il
Office until the affairs OF said corporation
shall be fully settled and Inundated. an,
they shall have full power and authorit,
TO transfer and give title to all the property
and assets OF the corporation. and TO dis
tribute the proceeds In case of death, dis
ABILITY or resignation OF one more com
missioner or commissioners, the vacanc,
shall be filled by the surviving commissions
or COMM Ssioners
ARTICLE IX.-Until the next genera
meeting to be held under this charter on III,
tirSt Monday OF November, 1919. or until thei
duly qualified successors are elected and in
stalled. the board of directors shall be com
posed of: Michel A. Baccich, 1910 Sonia
Street, New Orleans. La; Edward E La
| faye, 37W GENTLY boulevard. New Orleans
| La; Roch E. E. de Montluzin. 1865 Gentill,
| Bonulevard, New Orleans, La; Frederic vii
| bert, Plaquemne louisiana and George II
Gornelson, 1912 State Street. New Orleans
La; with Michael A. Baccich as President
Edward f. Lafaye, as Vice President. an
| rrederic Milbert, as Vice President, an
Koch Z. Z. de Montluzin, as Secretary
| treasurer. In order that this charter ma,
serve as the original subscription list. sub
| scrlbers hereto have indicated opposite thei
| respective signatures the number of shares q
stock subscribed for by each of them.
Thus done and passed in my office on tn
day, month and year, first above written
IN the presence OF Joseph L. Weiss and Louis
| luJague, competent witnesses who hay
signed with the appearers and me, the Notary
| after reading the whole
| Names OF subscribers omitted
witnesses: L. Weiss, Louise Tujague
| FELlN ]. DREYFOUS, Notary Public
l, the undersigned, Recorder of Mort
| cages, in and for the Parish of Orleans Stat
OF Louisiana, do hereby certify that III
above and foregoing Act of INCORPORATION. a
| the City investment Co, Inc, was this da
| folo Iuo. New Orleans, December g. 1915
(Signed) EMILE J. LEONARD, DIV. X
true copy OF the original act.
| FELlN J. DREYFOUS, Notary Public
Jan. @l6-23-S0; Feb. 6-l3.
NOTICE OF DISSOLUTION.