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

|
ony or Country. And generally TO do any
and all things incidental to or connected
with the objects and purposes hereinabove
set forth. he foregoing clauses shall be
construed both as objects and powers; and
1t IS hereby expressly provided that the
foregoing enumeration OF specific powers
shall not be held to limit or restrict IN any
manner the powers OF this corporation. In
general, 10 carry any other business In
connection with the foregoing, whether manu-
featuring or otherwise, and 10 have and TO
exercise all the powers conferred by the
laws OF Louisiana upon corporations formed
under the act hereinafter referred to.
ARTICLE lV.-The capital stock Of this
corporation IS hereby fixed al the sum OF
Three Hundred Thousand CS5O0,OOOOO Dol
lars, TO be divided into and represented by
three thousand 5000 shares. in the sum
OF One Hundred (SlOOCO Dollars each; said
stock shall be paid for at such times and in
such manner the Board Of Directors may
determine. All shares Of stock Of tins cor
poratlon shall be full paid and worcestershire
No transfer OF stock shall be binding upon
the corporation, unless made upon lis books
and all certificates OF stock shall be signed
by such officers as may be eSgnated by
the Board Of Directors. The capital stock
Of this corporation may be increased TO the
sum of One Million (SlGO,OOOOyy Dollars.
ARTICLE N.-All the corporate powers OF
said corporation shall be exercised by a
Board OF Directors consisting Of not less
than five nor more than nine stockholders
majority Of whom shall constitute "a quo.
rum tor the transaction of business. The
Board OF Directors shall elect annually
! from their number president, one or more
| lce-Presldents, Secretary, and a Treas
urer, which latter offices may be filled BY
one person. The first Board Of Director,
shall consist Of five stockholders, and shall
be composed OF Oscar r. Walden CrawforC
| ii. Ellis John ii. Jones Hubbard VI. Field
and Frank L. Carder, with Oscar K. Will
den as President: Crawford H. Ellis anC
John II. Jones as Nice-Presidents aut
Frank L. Carder rs Secretary Treasurer
The Post Office addresses of said director.
are as follows: Oscar r. Whlden. 5Ot
Whitney. Central Building, New Orleans, La.
Crawford II. Ellis, 22l St Charles Street
New Orleans. La; John H. Jones, Bank o.
Mobile Building, Mobile, Ala; Hubbard NJ
Field, +9+l St. Charles Avenue. New Or
! leans, La; Frank L. Carder. 1907 Prytani;
Street New Orleans, La. These director.
shall serve until the third Monday in Feb
ruary. 1920. or until their successors have
! been duly elected and qualified. Any o.
the directors may. by written instrument
appoint another director to act as his proxy
at any and all meetings of the Board o.
| Directors. The annual meeting of stock
| holders for the election Of directors shall be
held the third Monday in February Of
each year, unless said day he a legal Holt
day, and then on the next bank day there
among
directors by death, resignation or otherwise
shall be filled by election for the unexpired
term by the remaining directors. Each sub
Scrlber hereto sets after his name his post
office address and a statement of the num-
Der OF shares of stock which he agrees tc
take in the corporation. At all elections
every stakeholder shall be entitled TO one
vote for each share of stock standing in his
name the books of the corporation, TO be
cast in person or by his written proxy. A
majority of the votes cast shall elect
ARTICLE Win the event of the liauida
ton or dissolution of this corporation. the
stockholders shall elect three Hquidators
from among their number at meeting con.
vened for that purpose, after written notice
as required by Act 2s7 OF 1914 has been sent
to each stakeholder by mail at his last
known address; said liquidatOrs shall have
the authority 10 wind up the business and
affairs OF this corporation. In case of the
death OF a liquidator. the survivors shall
appoint a stockholder as successor to him.
ARTICLE Widths charter may be modi.
fled, changed or altered, said corporation
may be dissolved, with the assent of stock
holders owning two-thirds (2-3) of the entire
capital stock, at a general meeting sof the
stockholders convened for such purpose after
fifteen Q5) days written notice shall have
been' given TO each stakeholder mailed to HIM
at his last known address.
ARTICLE NIII.-No subscriber for stock
shall ever be held liable for the contracts
faults or debts of said corporation in any
further sum than the unpaid balance, il
any, due the corporation, on the stock fol-
which he has subscribed; nor shall an,
stakeholder ever be held liable for suci
contracts, faults or debts in any further sun
than the unpaid balance, ii any, due OF
the stock owned by him; nor shall any mere
| intormality in organization have the effec
| OF rendering this charter null, or renderin.
any subscriber or stakeholder liable beyonC
the unpaid amount, if any, remaining du,
| on his stock.
| ARTICLE IX-This corporation is orga
| nized under the laws OF the State of Louis
| lana, and especially Act No. 267 of 1914 an,
| the subscribers thereto, for themselves ant
| SAID corporation, and for its officers direc
| tors and stockholders hereby accept as par
| OF this charter and as conditions OF this cor
| poratlon all the rights, powers, privilege
and Immunities granted TO corporations, ant
granted to and conferred upon officers. di
rectorS and stockholders or corporations b,
said laws and said act; such acceptance be
| ing as full, complete and binding as if salt
| rights, powers, privileges and immunitie
were set forth at full length in this instru
| ment.
| Thus done and passed, in my Notarial OF
| flee, in the City of New Orleans aforesaid
| in the presence of Thomas Joseph Dobbins
and Frazier l.. Rice, competent witnesses o
lawful age. and residing in this City, VIII,
hereunto subscribe their names, togethe
IN 9dlu Pdltlt> anu me- Notary, on tht
dav and date set forth in the caption hereof
Witnesses: Frazier L. Rice; T. ]. Dob
bins
Original Signed Names of subscriber.
| omitted.
w. w YOUNG.
Notary Public
l, the undersigned. Recorder of Mortgages
N and for the Parish of Orleans. State o.
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation of The
Gulf Coast Cattle Company, Inc, was thi!
dav duly recorded in my office. in Bool
1928, Folio 169
New Orleans. March 10Th 1916
(Signed EMILE J. LEONARD, Dy. R
A true copy.
w. w YOUNG.
Notary Public