The herald., 1919-03-27
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.-The capital stock of this
corporation is hereby fixed at the sum of
Twenty-Five Thousand (S25,0O00O Dollars TO
be divided into two hundred fifty (250) 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, or 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 thousand
(Sl0O,OOO0O Dollars. All shares of stock
shall be full paid and worcestershire; and no
transfer of stock shall be binding upon the
cooperation 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 N.-All the corporate powers OF
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 to
lie elected annually from among the stock
holders. The first Board of Directors shall
serve until the election to he 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:
/ New Orleans. La; William p. Luck, 21O6
Robert ST., New Orleans. La; Henry J.
Malochee, $50 Broadway St, New Orleans.
La; with said Eugene Buckmaster as Presi-
dent. said William P. Luck as Vice Presi-
dent, and said Henry ]. Malochee as Secretary
Treasurer. On the second Tuesday in
March, 1920. and annually thereafter, ex-
cept when that day falls upon a legal Holt
day, then upon the next following lay day,
election of directors shall be held at the
q tOrDorattOD- nj wi oh
meeting shall be given by mail to each
stockholder by depositing the same in the
Post once, postage prepaid. addressed II
each stakeholder at his or her last known
address as the same shall appear on the
books OF the corporation, at least fifteen
days prior to the date Of such meeting. At
all elections 4 stakeholder will be allowed
one vote for each share of stock standing
IN ms name on the books Of the Company.
ten days prior 10 such meeting. Failure to
| hold the annual meeting of stockholders or
4 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 oil
! office and employment Of all such agents
| clerks and other employees shall be during
! the Measure Of the Board OF Directors
| ARTICLE NI-This act Of incorporation
| may be changed. modified or altered by 8
vote Of two-thirds Of the persons owning thu
| issued capital stock of this corporation. al
| meeting convened for that purpose, after
notice shall have been given in the manner
| and form provided for in Article V, OF thi:
| act Of Incorporation, provided. however. thai
he objects and purposes for which this cor
porat:on is organized shall not be changed
| modified or altered or the capital stock Of
| this corporation increased to an amount ex
| ceeding the maximum herein fixed or de
| creased to an amount less than the corporate
| indebtedness. without the consent and ap
prevail of the stockholders owning three
fourths of the issued capital stock of thi.
corporation. IL