The herald., 1919-10-16
CHARTER
increased to Five Hundred Thousand
noIInrS $500 900 0O)

Dollars ($5OoOOOO0).
ARTICLE V.-All the powers of this
CORPORATION shall be vested IN and eNrr-
ciSed by Board composed OF i've
Directors Said Board shall be elected
annually by ballot at a stockholders
meeting called for that purpose on lh'
first Monday of July of each year Cor
the next legal day if that day
be Il holiday, after du" notice
given to the stockholders 10y M3il
mt least fifteen days before IN" date 81
said meeting Each holder of stock shall
he entitled to one vote for each share ot
stock standing in his nam" on the books
of the corporation, said vote 10 he cast
in person or by proxy, and IN" majority
of votes cast shah elect. The Board of
Directors shall have the power to mi HIl
vacancies which may occur or IN any
manner arise or be created on the Board
even though no quorum remain at lh''
time such vacancies ar" to be iIh.a.
FaiIurp to elect Directors on III" day
above specified shall not di>>oIy" the
corporation, but the Directors then in
office shall remain in office until their
successors are elected and qualified. IN"
Board shall elect from their nuWn'T
President a Vice President ana N'cre-
tary- Trea surer; provided that the h"Hrd
NAV elect such other Officers tWho need
not be members of the Board or storA-
holders) as they think proper or cohV"H-
lent for the carrying on OF the company
business, and they shall fix the salaries
of all officers, agent ana employees.
Ar any meeting of the Board of Direct
0rs. any Director absent from the meet
ing may be represented by any Other
Director who may cast the vote OF inc
absent Director according 10 the written
Instructions either general or special, OF
said absent Director. The Board OF
Directors shall have authority to max"
and establish. as well as alter and amend.
all bylaws, rules and regulations he'rr-
sary and proper for the support ana man
apement of the business and affairs Of
mis- CORPORATION and not inconsistent
with this charter; and they shall have
mower to authorize the borrowing OF
money and the issuance OF notes ana IN"
execution of pledges, anu GeheralE !"
do all things necessary or convenient or
the proper carrying on of the business OF
the corporation.
Until a general meeting of the stock
holders for election of Directors to be
held in 1920 or until their dulN quar-
fled successors are elected and installed,
the Board of Directors shall be composer
of the following: $. w. King, post offic"
address DALLAS Texas, Charles f. Levy.
post office address, S2S Gravier Street
New Orleans, Hal Brown. post Office al
dress 922 Gravier Street. New orleans,
Simon J. Shlenker, post Office addIeSN'
SOC Grayier St, New Orleans, 5. W. King
Jr., post office address, Dallas Texas.
OF these. S w. King shall be Pre>i-
dent: Simon J. Shlenker, Nice-PreSldent,
and Hal Brown, Secretary Treasurer.
ARTICLE VI.-This act of incorpora-
ton may be changed, modified or amend
ed or the corporation dissolved, by a
vote of two-thirdS of the entire capital
stock present or represented at general
meeting of the stockholders convened for
such purpose. after previous notice shall
have been given in the manner above re
ouired to be given of the annual meeting
of the corporation.
ARTICLE Wifi this corporation
shall be dissolved, either by limitation
or from any other cause, its AFFAIRS ShalI
be liuuidated by three commissioners to
be appointed at the meeting of stock.
holders convened for yhe purposes Of
luuidation and to be elected by the vOt"
of all the stockholders voting upon a
/ parity. Said liquidators shall remain In
office until the affairs of the corporation
/ shall have been fully settled and liquidat-
/ ed. and they shall have full power and
! authority to transfer and give title to all
the property and assets OF the corpora
! ton and to distribute the proceeds. In
case of death, disability or resignation OF
one or more liquidators the vacancy Shall
he filled by the survivor or survivors.
| ARTICLE VIII-NO stakeholder shall
! ever be held liable or responsible for the
| contracts or faults of said corporation in
any further sum than the unpaid balance
/ due on the shares OF STOCK ONHeu ny hlHi'
nor shall any mere infOrmality in organ
| ization have the effect of rending this
! charter null or of exposing any STOCK
holder to any liability beyond the I'M
paid balance due on his stock.
In order that this charter may serve as
the original subscription list, the sub
! scribers hereto have indicated opposite
| their respective signatures the number Of
| shares of stock subscribed for by each OF
them. All subscriptions are to be paid for
in cash at the execution hereof.
Thus done and passed at my notarial
office at the City of New Orleans, State
of Louisiana, on the day, month and
year first hereinabOve written, in the
presence of Walter j. Suthon, Jr., and
Yyonne Goodrich, competent witnesses
who have hereunto subscribed their
names to gether with me, Notary and the
said appearers, after due reading of the
whole.
Witnesses, Walter J. Suthon, Jr.
Yvonne Goodrich.
WATTS X. LEVERICH.
Notary Pubic
! 7 the undpersigned, Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana, do hereby certify
that the above and foregoing Act of In
cooperation of King, Brown & Co, 1ncor
porated, was this day duly recorded IL
my office in Book 1881, Folio -.
New Orleans, La, September 9TH. 1919
EMILE J. LEONARD, by. X.
A true copy.
WATTS X. LEVERICH,
Notary Public.