The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-17
CHARTERS.

CHARTERS.
lst 1920, in such amount, from time 10 time
and in such manner as the Board OF DIrcc-
tors may determine, by paying - the
spective holders OF the stock retired, or
by depoSItIng 20 the order OF said holders
at the office OF this corporation, sum or
sums equal 10 the par value Of the preferred
stock retired plus five per cent Of the
value thereof, together with all accumulated
and unpaid dividends thereon. ii any. In
case Of such deposit written notice thereof
shall forthwith be given 70 the respective
holders OF the stock so retired, redeemed.
purchased. or cancelled. by mailing such
notice to such holders at their last known
place Of business or residence, and as II
shown by the corporate records.
ARTICLE N.-Nd stakeholder shall ever
| be held personally liable for the faults or
contracts OF this corporation IN any iur-
ther than the unpaid balance due 20
the corporation on the shares ot stock owned
or subscribed for by him, nor shall ANY
mere Iuformal'y in this act 81 Incorporation
have the ettec; of rendering II null, ~ of
exposing any stakeholder TO any personal
liability beyond the unpaid balance due Tor
his stock.
ARTICLE NI-An the corporate powers of
this corporation, not reserved by law 70 the
stockholders shall be vested IN and eNer-
ciSed by a Board Of Directors to he COM
posed OF nor less than three nor more than
five Stockholders holding common stock; a
majority OF said directors shall constitute a
.
shall be elected annually boy hallo, by the
holders of the common stock. At meeting
convened for that purpose after fifteen days
, written notice 20 each stakeholder mailed
90 his last addrc>, shown ou the books of
, the corporation. The preferred stock shall
have uu voting power.
The directors AZ their fir>, meeting and at
p each annual meeting thereafter shall elect
irrw their number President, a Vice -PresI-
: dent, a Secretary and a Treasurer, which
r last two named offices, however. may he
E combined al the pleasure OF the Board. The
+ annual meeting for the election Of directors
March of each year, and until the meeting
to be held in 1870 the following shall serve
as directors VI this corporation, to-wit:
\ Charles W. Regger, whose Post Office adj
n dress is No. 1897 Canal ST. New Orleans. La:
Herbert w NagueSpack, whose Post Office
: address i WMtuey-C Central National Bank
y Bldg, New Orleans. La; James {. Meme
: Building. New Orleans, La. J. L. Warren
. Woodvile. whose Post Office address is 1917
, Mason blanche Building, New Orleans, La;
William T. Goats, whose Post Office address
q is New Orleans, La. The failure to elect
directors or hold the annual meeting shall
I not dissolve or effect the corporation, nor
impair its management in any respect, but
r the directors IN office shall remain III office
4 until their successors are elected and quail
fled. Any vacancies occurring on said Board
shall be filled from the other stockholders
of common stock for the unexpired term by
the remaining directors.
ARTICLE Widths act Of Incorporation
! may be modified. changed or altered by the
vote OF two-thirds of the stock of this cor
pOration at a meeting OF the stockholders
duly called for that purpose, provided, how
ever, that the objects and purposes OF in
n corporation shall not be changed, and the
capital stock shall not be Increased 10 more
than the maximum herein provided for nor
decreased to an amount less than the cor
porate Indebtedness. A change in objects
and purposes may, however. be voted by all
common stock heretofore issued, and an in
crease of the capital stock in excess of the
:; amount herein named the sum to which
. the capital may be increased may be made
= by three fourths OF its outstanding stock.
ARTICLE NIII.-Whenever this corporation
is dissolved. by liquidation or otherwise, lis
affairs shall be liquidated by two commits
sioners elected from among the holders of
common stock at a general meeting of the
stockholders Of said common stock convened
for that purpose, after ten days previous
notice mailed 10 each stakeholder to his last
known address IL appears the books
, of the corporation. The said liquidating
L commissioners shall remain in office until
the affairs Of the corporation shall have
s. been finally settled and lqudated. and
n, they shall have power to receive all the as
lie sets of the corporation and to distribute the
lie proceeds, if any; and in case Of any vacancy
>, among the number of said commissioners,
ic due TO any reason whatsoever the said va
I'd cancy shall be filled by the remaining COM
$ missioner from among the holders of common
as stock
H. ARTICLE IX.-Each OF the subscribers
Is hereto has written after his name the kind
10 and number of shares OF stock subscribed
lie for by him. so that this act of Incorporation
$ may also serve the original subscription
a list OF the corporation; and each of said sub.
of scribers has also written after his name
S his post office address; the whole in con-
ID formity with the provisions Of Act No 267
E. of the General Assembly of the State OF
IL Louisiana. for the year 1914, hereinabove
e referred to.
ID Thus done and passed, at my office in th
" City, the day, month and year first above
lie written. in the presence of Alphonse Coutin,
o. Jr., and Noel Nirgets, competent witnesses
residing in this City, who hereunto signed
is their with the said subscribers and
al me, Notary, after due reading of the whole.
te Witnesses: A. Coutin. Jr., Noel Virgets.
d Original Signed Omitted for pubica-
Il tom
in CHAS. J. RIvET
r Notary Public
T. I, the undersigned, Recorder of Mortgages
r in and for the Parish of Orleans. State OF
i'd Louisiana, do hereby certify that the above
Sc Farm and industrial Implement Co.. Inc
Sc was this DAY duly recorded in my Office, in
5; Book 1928, Folio 327.
Is New Orleans. April sth 1919
lie (Signed) EMILE J. LEONARD, by. r
s. I, the undersigned Notary, do hereby Ger.
OF tify that the above and foregoing is a tru,
RS and correct copy of the original act Of
r. record in my office with the signatures Of
ry the subscribers omitted for publication.
IL In Faith Whereof, I have hereunto set my
r. fetal Seal, this 10th day of April, Anne
h. Domini 1919.
"a, CHAS. ]. RIvET.
llI Notary Public.
b. April H-to-May D.