The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-16
CHARTER

the corporation shall be during the pleasure
Of the Board Of Directors Any Of the d.
rectors or officers shall have the right 10
appoint by written instrument another dITec-
tor L. act as his proxy and in his stead
at any and all meetings OF the Board Of
Directors.
ARTICLE Who sale or transfer OF
stock in this corporation shall be valid
until and unless the corporation has been
afforded the opportunity to purchase SAID
shares Of stock at their book value, the cor
poration to be given ten days 10 determine
whether it will avail itself Of the stock.
ARTICLE VII.-No stakeholder shall ever
be held liable or responsible for the CON
tracts, faults or debts Of said corporation
nor shall any mere informallty IN ITS orga-
nization have the effect OF rendering tins
charter null or OF exposing 4 StockhOlder
to any liability beyond the unpaid balance
due on the shares owned by him.
ARTICLE VIII-This act Of Incorporation
may he changed, modified. or altered, or
this corporation may be dissolved with the
assent OF the stockholders owning wOthirds
Of all the stock Of the corporation, at
general meeting convened for that purpose
and after at least ten days written notice
Of this meeting has been given through
mail, addressed to each stakeholder. al his
last known place Of residence. In case OF
dissolution, by the expiration Of this char
ter or otherwise the stockholders shall elect
three liquidators, from. among their number
to liquidate and settle the business and at
o.
or disability OF any OF said commissioners
or iquidators, the survivors or remaining
liquidatorS shall appoint successor to him.
| The said liquidatOrS shall have power 70
settle said company's debts and divide the
remaining money and property among the
| stockholders. They shall also have the
/ power to meet and act under the bylaws OF
| the corporation and under regulations to be
made by a majority OF the liquidators; to
| fix the price and prescribe the terms OF
| sale of said property. and the manner IN
| which the sale shall be made, and TO take
! notes and bonds secured by mortgage, or
| otherwise, for part OF the purchase price,
for all or part of said property provided,
| however, that the rights herein conferred
! upon the liquidators may be modified. changed
| or denied by a majority of the shares Of
said liquidators shall have the authority to
sue for and recover the debts and property
! in the name of the corporation. and may be
| sued by the same name, and they shall
be liable in solido to any creditor or stock
| holder for the monies and property OF the
corporation, which shall come into their
! hands or possession as liquidators, and for
the proper application and distribution there
ARTICLE IX.-Until the election to be
| held in January, 1920. the following shall
constitute the first Board of Directors: 5:
Montgomery Smith, President and General
Manager; n J. White, Vice-President and
Frank G. Knight, Secretary-Treasurer.
ARTICLE X.-The appearers hereby de
clare that they have subscribed to the num-
Der of shares opposite their names. and the
signatures thereto shall constitute their orr
| ginal subscription to the capital stock OF this
corporation.
Thus done and passed. in my office, in the
| city of New Orleans, the day and in
| the month and year first above written, in
! the presence of Jeanne Hatrel and Walter
g. Wedig. competent witnesses who here
unto sign their names with the said appear
ers and me, Notary, after due reading OF the
| whole.
Witnesses, :. J. ,Hat1el, Walter G. Wed g
1928 Baronne St. New Orleans. La. SIS
shares; Frank G. Knight, by S. Montgomery
Smith. l24l Baronne St New Orleans La
share; y. J. White, No. 1928 Baronne St,
share.
WM. J. HENNESSEY, Notary Public
l, the undersigned, Recorder of Mortgages
in and for the Parish OF Orleans State OF
Louis iana, do hereby certify that the above
and foregoing act of Incorporation OF the
Smiths Market System, Inc, was this day
duly recorded in my office in Book 1872
Folio Us New Orleans, January 9th, 1919
(Signed) EMILE ]. LEONARD, by. R.
State Of Louisiana, Parish OF Orleans.
I, the undersigned William John Hennessey
Notary Public, duly commissioned and quail
fled in and for the Parish of Orleans, State
of Louisiana, do hereby certify the above
and foregoing to be a true and correct copy
of the Original Act of Incorporation of the
Smiths Market System, Inc, executed be
fore me, Notary, on January 9TH 1919 on filt
and of record in my Notarial archives
In Faith Whereof, | hereunto set m,
hand and seal of office, at New Orleans
Louisiana, this flth day of January, A. ID.
,, VIM. J. HENNESSEY.
; Notary Public.
Jan. 16-23-3O; Feb. 6-l3-2O.