The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-29
CHARTERS.

-
that the owner, his widow, heirs, or legal
representative, as the case may be, shall
not be obliged TO deliver said stock unless
the offer TO purchase the same shall include
and cover the entirety of the offerings under
paragraph l, or all of the holdings under
paragraph 3
"a All certificates of stock shall bear
upon their face brief reference 10 the
rights herein established in the favor of
! the stockholders.
| ARTICLE N.-All the corporate powers of
| this corporation and the management and con-
| troll of its affairs, shall be vested in and ex-
! ercised by Board of Directors composed OF
three stockholders, majority Of which SHALL
| constitute a quorum for the transaction Of
all business. The Directors shall be elected
annually by the stockholders, at a meeting
to be held on the first Monday after the
first Sunday of each year in the month OF
January, said meeting TO be preceded by
three days written notice TO the stockhold-
ers Each stakeholder shall be entitled in
person or by proxy, to a vote for every share
owned by him, and all elections shall be
held under such rules and regulations as
may be determined by the Board of Direc-
tors. At such meetings, all questions other
than mere routine, shall be decided by a ma
Jointly OF the shares OF the stock represented
at said meeting. The Directors, when
elected, shall continue in office for one
year, and until their successors have been
duly elected and have qualified. No fail
ule 70 eject Sndl operate the forfeiture OF
this charter. Any vacancy occurring on
this Board shall be filled by the remaining
Directors for the unexpired term. The
Board Of Directors shall at its first meet
ing after its election, select out OF its num-
Der. president and one more vice-presi-
dents. and manager, and shall also elect
Secretary Treasurer, who need not, how
ever, be member OF the Board. The presi-
dent shall have the right to appoint and dis.
miss the clerks, and the other employees of
nd he
interest and business OF the same may de-
mand. lie may exercise this authority by
proxy. Any Director being sick or absent, or
about to absent himself, shall have the right
to appoint by written instrument, another
Director or stakeholder TO act as his proxy
IN his stead, at any and all meetings # the
said Board of Directors, during such absence
Immediately after the signing OF this char
ter, the stockholders shall without further
formalty, elect the Board of Directors, who
shall serve until the election TO be held in
1919. The first Board of Directors shall
consist OF the three incorporators of the COM
8l4 Howard Ave, New Orleans, 249S shares;
Paul F. Jahncke, No Sl4 Howard Ave. New
Orleans, ] share; Walter F. Jahncke. No. 8l4
Howard Ave. New Orleans, l share.
ton shall be deposited from time to time,
in bank or banks to be selected by the
Board of Directors. All checks, notes. or
other instruments drawn, executed or issued
and behalf
be counter-signed by the Secretary Treasurer
No officer shall thus sign or endorse the
name OF the corporation, save strictly in
its concern.
ARTICLE Vino stakeholder shall
be held liable or responsible for CON
tracts, faults or debts of the cor
poratlon, nor shall any mere infor- |
mality in its organization have the effect
OF rendering charter null, nor of exposing
any stakeholder to liability beyond the un.
Dal0 balance IN he l..
him.
ARTICLE VlII.-This act of incorporation |
may be changed modified, or altered, or this
corporation may be dissolved, with the as |
sent OF the stockholders owning three-fourths |
OF all of the stock of this corporation at a |
general meeting convened for that purpose.
and after at least three days written notice
OF this meeting shall have been given
through mail, addressed to. each stockholder
at MS last known place of residence. In |
case OF dissolution by the expiration of this |
charter, or otherwise, the stockholders shall |
elect liquidator from among their own
number, who shall have full authority to set. |
tie and wind up the business and affairs of |
the company. The terms and conditions of |
and the compensation for such services shall |
be fixed at the time of election. In case |
Of the death or disability of said commits |
sloner or liquidator before the liquidation of |
the affairs OF the corporation, the successor
to I'LL the vacancy may be appointed by the
ARTICLE IX.-Any and all notices and
delays provided for by this charter, or by
the law, may be waived by the unanimous |
consent of the stockholders
ARTICLE X.-This corporation shall be 4
going concern as soon as Twenty-Five hun
bred shares shall have been subscribed.
Thus done and passed in my office on the
day.. month and year first above written,
n the presence of Louis ]. Gelpi and Ben.
amin w. Dart, competent witnesses who
have signed with the appearers and me, No
.ary, after reading of the whole.
Dart. "
(Original Signed Ernest Lee Jahrcke. bv
Walter F. yahncke; Paul F. Jahncke, by
Walter F. Jahncke; Walter F. Jahncke,
HENRY P. DART, JR,
Notary Public.
l. the undersigned. Recorder of Mortgages.
n and for the Parish of Orleans. State of
louisiana, do hereby certify that the above
md foregoing Act of Incorporation of the
ahncke Dry Dock and Ship Repair Co, Inc.
vas this day recorded in my office in Book
22S, Folio 1885,
New Orleans. March II, 1919.
tSIgned EMILE ]. LEONARD, DIV. R.
A true copy.
HENRY P. DART, JR.,
NJ Notary Public