The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-03
CHARTER.

and carry on any and all business in any
way connected with, germane, or incidental
to any one or all the foregoing objects or
purposes.
ARTICLE IV.LThe capital stock of this
corporation is hereby fixed at the sum of
Twenty-Five Thousand ($25,OOOOO) Dollars to
be divided into two hundred fifty ESQ shares
of the par value of one hundred $4,000
Dollars each; said stock shall be paid either
| in cash or may be issued at not less than
| par in payment for property, rights, good
| will, actually transferred to and received
| by the corporation. The capital stock of
the corporation may be increased up to a
| sim not exceeding One Hundred Thousan
! ($lO0OO.O0) Dollars. All shares of stock
! shall be full paid and worcestershire; and no
| transfer of stock shah be binding upon the
! corporation unless made upon its books and
/ all certificates of stock shall be signed by
| the President, or in his absence or inability
| to act by the Vice President, and counter
signed by the Secretary Treasurer.
| ARTICLE Vail the corporate powers oil
this corporation shall be vested in and the
! management and control of its business and
| affairs shall be exercised by Board of Di
| rectors consisting of three stockholders tc
be elected annually from among the stock.
holders. The first Board of Directors shall
! serve until the election to be held on the
second Tuesday in March, 1920, or until their
successors are duly elected qualified and
installed; said first Board of Directors with
their post office addresses is as follows
! Eugene Bucknaster, 23S South Pierce St,
| New Orleans, La; William p. Luck, 2IOf
Robert St. New Orleans. La: Henry J.
Malochee, 800 Broadway St, New Orleans
La; with said Eugene Buckmaster as Presi-
| dent, said William p. Luck as Vice Presi-
dent. and said Henry J. Maochee as Secretary.
| March, 1920, and annually thereafter, ex.
cept when that day falls upon legal holi
day. then upon the next following lay day.
an election of directors shall be held at the
nff -
meeting shall be given by mail to each
stockholder by depositng the same in the
Post Office. postage prepaid. addressed t.
each stakeholder at his or her last known
address as the same shall appear on the
hooks OF the corporation, at least fifteen
days prior to the date of such meeting At
all elections stakeholder will be allowed
one vote for each share of stock standing
IN his name on the books of the Company
ten days prior to such meeting Failure 70
mold the sannual meeting of stockholders or
failure to elect directors thereat shall not
operate the forfeiture of this charter nor i'm.
PAIR the corporate management. but the Di-
rectors and officers then in office shall serve
until their successors have been duly elected.
qualified and installed ANY vacancy in
the Board of Directors shall be filled for the
uneNpired term by the remaining directors
The Board of Directors when elected at the
annual meeting shall select from their own
number, the officers of the corporation who
shall be a President. Vice President. and
Secretary Treasurer. The said Board of Di.
rectors shall have the right and power to
appoint and dismiss, such agents, clerks
and other employees as conditions in their
Judgment may justify or the business of the
corporation may require, and the tenure of
office and employment of all such agents.
clerks and other employees shall be during
! the pleasure OF the Board of Directors.
ARTICLE VI.-This act of incorporation
may be chanked, modified or altered BY a
vote OF two-thirds of the persons owning the
issued capital stock OF this corporation. at
meeting convened for that purpose, after
notice shall have been given in the manner
and form provided for in Article V. of this
act Of Incorporation, provided. however. that
'he objects and purposes for which this cor
poration is organized shall not be changed.
modified or altered or the capital stock of
this corporation increased to an amount ex-
eeeding the maximum herein fixed or de.
creased to an amount less than the corporate
indebtedness. without the consent and an
proval of the stockholders owning three.
fourths of the issued capital stock of this
corporation. So N