The herald., 1919-12-04
CHARTER.

vote, ana every such St0ckh0lder shall b'
entitled to one vote for each share of sait
common stock standing in his name on tn,
books Of the corporation, to be cast b,
him in person, or by his written proxy
and the majority of such votes cast shall
elect.
rectors Of said corporation by death, res
ignation or otherwise, shall be filled by
election for the unexpired term by thu
remaining directors.
failure to elect directors on the dat,
above specified shall not dissolve the cor
poration, nor impair its corporate exist
ence and management, but the directors
then in Office shall remain in Office unit
their successors shall have been duly
elected and qualified.
ing shall elect from its own number q
President and one or more Vice Presi
dents. They shall also elect a Secretary
and Treasurer, or one person to act as
both Secretary and Treasurer, either OF
whom may or may not be member OF
said board.
The Board of Directors from time ia
time may name and appoint all such other
officers Including one or more vice-pres-
idents not members of the Board of Di-
rectors) and agents as it may deem neces-
sary for the purposes and business of said
corporation. The said board shall have
power to fix and define the duties of every
ofncer ana employee and all officers and
employees shall hold Office and employ
ment at the pleasure of the board.
| The board may make and establish, as
well alter and amend, all such bylaws.
rules and regulations necessary and
| proper In its judgment for the conduct
and management of the business and af-
fairs of said corporation. The Board of
Directors shall have full power and au-
| thorlty to borrow money, to execute mort
| cages and to create liens; to issue bonds
| notes and other obligations, and to secure
same by mortgage, pledge or otherwise /;
| and generally to do any and all things
reasonable. convenient and necessary for
| the proper carrying on of the business
| ana affairs of said corporation; and, in its
discretion. to create and elect an Execu-
! tive Committee to be composed of three
or more OF Its members, to which COM
| mittee the Board of Directors may grant
| al or any of its powers to be exercised
during the interim between meetings of
| the board itself.
ARTICLE vI-This act of incorporation
may be modified, changed. altered or
amended, or the capital stock of this cor
poration may be increased or decrea sed
or this corporation may be dissolved. with
the assent of two-thirds of the outstand-
ing common stock of this CORPORATION
gwen and obtained ut general meeting
OF stockholders convened for such purpose
or any OF them, after previous notice of
such meeting shall have been given tn
each common stakeholder by registered
man, addressed to him at his last known
mails of the United States, at least fifteen
llo) days previous to the date of said
meeting, unless other notice be prescribed
" Jaw, In which event notice. shall be
given in conformity to law.
Whenever this corporation NAV he dis
! solved, either by liquidation or from anv
other cause its affairs shall be Houidated
~ nte !p commissioners to be elected by
.ne stockholders at general meeting con-
vened for the purpose OF LIQUIDATION os
ABOVE provided, and after due notice. q
majority OF the common stock present and
rePresehted az such meeting shall be re-
Is; H,sIe 10 the election Of such commits
remain in Office until the AFFAIRS of said
corporation shall have been fully I;oni
dsted. In case of the death or resignation
y. any one or more Of said commission
ers, the vacancy or vacancies shall be
niied by the survivor or survivors Tn
the event OF any disagreement among said
commissioners, the action of the maior;tv
shall control and prevail.
ARTICLE fII-No stakeholder shall
ever be held liable for the contracts or
sum than the unpaid balance dino the CO..
poratlon on the shares of stock owned nv
MN, nor shall any mere informaIity In
otgamzation have the effect of rendering
TINS charter mil, or Of exposing q stoct
holder to any liability beyond the unDa;d
amount remaining due on his stock.
o,nat..L NI-Ihe following shall
constitute the first Board of Dirtcors of
this corporation: "a
g q. hhl nfcy New Orleans, La.
z. y. Ellis, New Orleans, La,
w: Ellsworth. New Orleans, La.
George J. Glover, New Orleans, La.
X 3: Hecht. New Orleans La
Charles f. Herb, New Orleans. La.
Alvin p. Howard. New Orleans, La
HHuoIpn natz, New Orleans, La
Ernest NJ; Loeb, New Orleans, La.
Hugh Mcci SSioskey Nm New ., Orleans, La.
W. Simpson, New Orleans, La,
T.. W. Wilmot, New Orleans La
r. ID. Wilkinson, New Orleans. La.
ne SAID Board Of Directors shall hold
once ,1 until the second Tuesday in Janu-
have been duly elected and ouaIi6ad nan
The subscribers to the capita, stoct n,
sald corporation and their respective .J.
dresses are: 'p'e'i'e aa-
=; Ailgeyer, New Orleans, La.
a. g. Dufour, New Orleans, La.
l. I; Ellis, New Orleans. La.
+. w. Ellsworth, New Orleans. Ia
george J.. Glover, New Orleans, La.
y; 3; Hecht. New Orleans. La.
t mar, F; Herb, New Orleans, La.
Adoinh K Toward. New Orleans, La.
Ernest M. Loeb, New Orleans. La. /
DerIar9 McCloskey, New Orleans. In
MWugn McCIoskey, New Orleans. Ia
simpson, New Orleans, La.
X. W. Milmot, New Orleans. La
d. Wilkinson, New Orleans. La
To usn McCioskey, trustee, New Orleans.
r; 8. Hecht, trustee. New ORLEANS.
tNumoer Of shares omittedl.
Inc subscribers hereto have written nm.
- ps ne their respective names the number
~ snares or capital stock in said cornn,e
th Js subscribed for by each of them and
corporation. iis' Vi SAID
c,t, zone and passed at my Office in the |
ana year herein first above writter ;n an
presence OF Eugene Thorpe and Jacob n
Baer, competent witnesses. who bovo ~ =.
uhto signed their names topetber Nit
sne sald appearers and me- notary efta.
que reading Of the whole. "i'er
lOrfginal Signed) G. T.. AlIpever IT |
gIuI0ur, {. r. Ellis, +. w. Ellsworth CO.
Hiover, Charles F. Herb. Alvin p How
ara, AdoIph Katz Thy Alvin p. Howard,
Hser4arq McCloskey, r. w. Wilmot Ernest
NJ NJ Loeo (by n. G. Dufour), w. p Simn'
i iTm Wy y; +. Herb, Hugh McCloskev
~ uJuen McCioskey trustee, r. 8. Hecht D
H.ch Wthklnson (by r. 8. Hecht). r. 8
It trustee. Number of shares srh.
scribed for omitted). 'es SUD
Batter. orpe' JACOB II.
AL. c. HAMMER.
40 Notary Public.
cages In and for the Parish Of orIaor.
.t OF Louisiana, do hereby certifv th.t
the above and foregoing Act 30 T.ay tudt