The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-10
CHARTERS.

addressed II each st5ckh5lier a. his last
known residence ~ place Of business.
Al all such elections and at al corporate
| meetings every s;ockh5lier shall he entitled
90 one % vote for each share Of stock stand.
lng II his name on the books u the corpora
ton, 70 be cast by him. in person or - his
written proxy, and majority ot lie votes
cast shall elect. Any vacancy occurring
among the directors ~ death. resignation! "
| otherwise. shall be filled by election f,r
the uneNpirei term by the remaining ii~ee-
tors. A failure - elect directors on the
day above specified shall npt dissolve he
c'TpJrauol nor impair It's corporate cNt-t-
ence or management but the directors then
IN office SHALL remain III office anil their
successors are elected and qualified
The Board OF Directors shall elect Pres;-
dent. aad one or more Nsce-Prcsiieu.s, and
i Secretary Treasurer. The Pres DENT and
| Wee Presidents shall be stockholders and
Directors Of the Cooperation, bat the Scc-e-
tary- Treasurer may or may not he d.
rector ~ st1cAh1lder. a; the discretion af
the Board ot Directors. The number Of Di-
rectors shall be determined BY the stock
l'44er a. each arnut. meeting, and the mum
Der u Nlce-PresIdeuts sha,! be determined
each year by the Board Of Directors.
The Board Of Directors shall have power
and authority to appJi1: sIcA agents, man
ayers, otticerS and other employees neces-
sary N their judgment t. conduct the bust
ness OF the Corporation, and 10 give 10 sucl
agents, managers. officers and other EN-
ployees as much authority as they NAV
deem necessary for the purposes and bust
ness IT the Cooperation. The BJa-d shall
have the power 10 fix the cJmpensatious and
define the duties OF every officer and EN-
p.oyee and all agents. managers. officers
and. other employees shall hold office and
employment At 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 is judgment for the conduct; sup
port and management OF the business and
affairs u said corporation. Al all meetings
Of the Board n Directors each director shall
nave the right to appoint i proxy TO act
IN his place and stead. the person - appoint
ell need not be a Director. but mus, be q
stockholder.
The Board shall have full power and an.
thority % borrow money, execute mortgages
and create liens; to issue bonds. u1.es and
other Obligations and - secure the same
by mortgages, pledges or otherwise ;and. gen
orally to Do any and all things reasonable.
convenient ard necessary for the proper car
Tylng on o. the business and affairs Of
said corporation. The first Board Of Di.
rectors shall be composed OF Walter b. Gil
lean, Buckne- Chpley, and Lynn II. Din
klns, whose present addresses are set opp1-
site their respective - the subscrip-
ton - 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 VI.-Wheaever this corporation
shall be dissolved. either by limitation or
from any other cause, its affairs shall be
IIquidated by three COMM ssioners 70 be ap-
pointed from amongst the stockholders az
a general meeting Of the stockholders CON
vened Tor such purpose; two-thi-ds in amount
Of the capital stock of said corporation rep
resented al said meeting shall be requisite /
to elect. Said missioners shall remain /
m office until the affairs Of said corporation /
shall have been fully liquidated. In case
d the death OF one or more Of the commits /
sii,2ners' the vacancy or vacancies shall be |.
MED by election by the surviving COM |
M ssione-s. Said commissioners shall have /
all powers conferred upon them BY law Or
by the stockholders al such meeting, if no,
with law.
ARTICLE NII-This act Of Incorporation /
may be changed, modified or amended ar
the capital stock of the corporation NAV he
increased or decreased. or said corporation
nay, be dissolved in the manner provided |
by law.
ARTICLE vIII-No stockholder shall ever
pc heId liable OF responsible for the CON
racts faults, or debts Of said corporation
n any further sum than the unpaid balance
Tue the corporation on the shares of stool,
owned by him, shall mere informality
n organization have the effect of rendering
this charter null or Of exposing a stockhoIf
r TO any liability beyond the unpaid amount.
I any remaining, due on his stock
ARTICLE IN-In order that the charter
ray serve as the original subscription list
u this corporation, the subscribers hereto
rave written opposite their names and adj
iresses the amount Of the subscription n
ne stock made by each, tO-wit: Walter q.
No. Al Walnut Street, New Or
cans. La, l34 shares; John A Taylor. No.
81 Henry Clay Ave, New Orleans. La. 100
shares; Lynn II. Dinkins. No. l727 Bor
ieauN ST., New Orleans. La, 100 shares.
5uckner Chipley, No. SO Broadway, New
)r.eans, La, 100 shares.
nus done and passed. in my office, at
he CITY OF New Orleans. on the iav. month
ma year herein first above written in the
presence OF Philip DeOlin and A. W. Pacouet.
Competent witnesses, who hereunto sign their
lanes with the said appearers and me. No
airy, after reading Of the whole.
Witnesses: Philip Deolin. A W. Pacouet
Original Signd) W. b. Chilean. 1874 shares:
ohm A. Taylor, 100 shares; Lynn II. Dinkins,
% shares; Buckner Chipley, 100 shares.
CHAS. l. DENECHACD.
Notary Public
l, the undersigned. Recorder of Mortgages,
n and for the Parish of Orleans. State Of
,ouisIana, do hereby certify that the Act
u Incorporation Of the Blodgett Naval Stores
O., Inc, was this day duly recorded in NV
ttice. in Book 1928. Folio 1884,
New Orleans. March 10Th, 1919.
tsigned NJ. J. DUNN, Asst by. R.
A true copy.
CHAS. I. DENECHAUD.
,,., Notary Public.