The herald. [volume] (New Orleans, La.) 1905-1953, 1919-02-06

be under no obligation to list said stock on
its books or to regard the holder Of the GER
tficate thereof.
ARTICLE VII.-The corporate powers OF
this corporation shall be vested in and ex-
erCiSed by 4 Board of Directors composed OF
three stockholders, two OF whom shall con-
Stitute quorum Tor the transaction OF busl-
ness. The directors Of this corporation may
vote in person or by written proxy at any
OF the meetings OF the Board Of Directors;
and the Board Of Directors may delegate any
OF its powers to any officer Or officers or
any other representative Of the Company by
! appropriate resolution 10 that effect. The
first Board OF Directors OF this corporation
shall be composed Of the following: Alvin
f. Johnson, August kraemer, Joseph Lee
! Rhodes, all residents in the City Of New Or
/ leans, STATE of louisiana and they shall
| be the officers Of the Company as follows:
| Alvin f. Johnson, President; August krae-
| mer. Nice-President; Joseph Lee Rhodes.
! Secretary Treasurer, and they shall serve
until the second Wednesday in January,
| 1920. or until their Successors elected and
| qualified. The Directors shall be elected
| annually by the stockholders at a meeting
held the second Wednesday in January
in each year thereafter. Notice of such meet
ing shall be given ten days prior to the date
Oh the meeting, in writing and sent 70 each
stakeholder at his last known address. Each
| stakeholder shall at such annual meeting or
| other ceilings general or special be EMIT
led IN person or by proxy to one vote for
each share Of stock owned by him. Elec-
tions shall be held under such rules and
| regulations may from time to time be
determined by the Board OF Directors The
Directors when elected shall hold office for
one year until their successors shall have
been elected and qualified and failure to
hold the annual meeting of stockholders or
! to elect annually the Directors shall not
oDerate the forfeiture of this charter or any
rights hereunder
| ARTICLE NIII.-This charter or act Of in.
corporation may be changed, modified alter-
ed or amended by and with the conseu. o:
| two thirds of all the stock present at any
meeting, general special. held for that pur.
pose; and such amendments may be mate
| iai or im,naterial subject only to limitations
as rlay be by law provided; and this cor
roration shall have the power to increase O:
decrease its capital stock as hereinoefO fore
set out and any increase in capital stock in
excess OF the amount named herein as the
amount TO which it may be increased, may
be made by three-fourths vote of all out
standing stock.
ARTICLE IX.-,Notice of any and all
meetings referred 10 in this charter or re-
CURED by law. shall be given in the man.
ner provided for, giving notices in case OF
elections, unless the same shall have beer
waived.
ARTICLE Mn case of dissolution, Ii
quotation or termination of this charter, b,
,
corporation shall be liquidated by one OF
more liquidators elected by the stockholders
, who may provide the number of said liqui
dators, and vest them with such power anC
: authority as may by law be permitted; fl,
, the terms and conditions upon which the,
shall serve, and their compensation. an(
provide that in case of death or d Sabilt,
; of any one of said liquidators, the remain
, continue to act on behalf of the corporation
ARTICLE X1-No stakeholder shall b.
liable or responsible for any costs, con
tracts, debts faults of the corporation, o
OF any OF its officers, shall any mer
informality in organization have the effec
of rendering this charter null and void, o
OF exposing any stockholders to any liza
i bilIty beyond the unpaid balance due on tn
. stock held by him.
. ARTICLE XII-The subscribers heret
i have written opposite their names, the mum
!. Der OF shares subscribed by each of then
A and their post office addresses, so that thi
4 Charter may serve as the subscription list q
i | the corporation; all of which subscriptions ar
y payable IN the manner and form set OF
! herein.
q q Thus done and passed at my office, in til
% | City OF New Orleans, State of Louisiana. o
y the day, month and year herein first abov
: written, IN the presence Of Morris B. Rec
:, mann and Paul f. Chasez, competent wi
nesses, who have hereunto signed their name
: with the said appearers and me, said NJ
tary. after due reading Of the whole.
:, witnesses: Morris Il. Redmann, Paul
! Chasez.
!. Original Signed Alvin E. Johnson.
- shares, 304 n. o. Nat. Bank Bldg; Augu:
e Kramer, 10 shares, S1S n. Rocheblave St
u Joseph Lee Rhodes, 10 shares, 3O4 y. o. Ma
Bank Bldg; Otto Olson, shares, Cpl
> Dorgenois.
~ WILLIAM J. GUSfE.
=, Notary Public
y | hereby certify the above and foregoin
to be true and correct copy of the orig
nal on file in the records of my office
IS New Orleans, La. January %. 1919.
ID WILLIAM J. GUSTE,
N Notary Public
o i, the undersigned. Recorder of Nor
!; cages, in and for the Parish of Orlean
l. State Of Louisiana, do hereby certify I'll;
e. the above and foregoing act of ncorpor
y ton of Southern Development Compan
al Inc, was this day duly recorded in my o
E. flee in Book 1872, Folio $50.
l. New Orleans. La, January 10Th, 1919
Dr. (Signed) EMILE ]. LEONARD, by. R.
Id Feb 6-13-20Mch. 6-13.