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

fically expressed; and this corporation shall
have power and authority to conduct any
and all business either for its own account,
or as the agent representative OF others
on commission, brokerage, or other basis OF
compensation. The President, or IN case OF
his inability to act, one of the Vice Presi-
dents of the company shall be the proper per-
son upon whom citations or other legal pro-
cess shall be served.
ARTICLE III-The capital stock of this
corpoSation is hereby fixed at the sum oo OF
Two hundred and fifty thousand (S250OOO)
Dollars divided into twenty-five hundred
$500 shares of the par value of One Hun
dred (SlOOOO) Dollars each which stock shall
be full paid and worcestershire at the time
Of the issuance.
Va present or future stockholders shall ever
validlv sell assign or transfer, other than
bv inheritance, any of the capital stock oil
this corporation until the same shall nave
been first offered TO the remaining stock
holders for the benefit of those stockholders
who may desire to purchase the same through
the Board of Directors, for the period OF ten
DAVIS at the book value of such stock, as
shown by the books of this, corporation on
the 3lst day of May. last preceding the
date Of such offer It shall be the duty OF
the Board of Directors promptly upon re-
ceiving an offer of sale of any of the stock
Of this corporation to communicate the SANG
to the stockholders in writing; through the
Secretary of the Company. and each OF inc
|
such proportion Of the stock so offered tor
sale as the number of shares owned by MIN
al the time bears to the number OF shares
owned by all other stockholders desiring 10
participate in the purchase. NO sale unuer
foreclosure attachment or other process, or
h., ,;rtue Of any power or attorney, pledge,
of hypothecation shall be valldly naue ci
anv of the stock of this corporation until
the foregoing requirements have been com
Piled with by the person or persons III" Vi
sale The Board of Directors shall have au-
thoritv. however. to waive the above require
ments as to any partiular hypothecation or
nIedqe of stock by resolution adopted at d
regular called meeting OF the Board Oh
rectors. such resolution being adopted IN
| ADVANCE of the pledge hypothecations:
ARTICLE IV-The business and affairs
of this corporation shall be managed anu
conducted by board of directors 10 DC
connosed of not less than three nor more
| than seven stockholders las may be deter
minded at each annual meeting Tor the en-
suing wear, such directors to be electea oy
| ballot at the annual meeting OF stockholders
on the first day of june of each year, uh
less the same be legal hoiiday' when t..e
annual meeting shall be held on the next
| business day thereafter. Immediately aiteI
each annual meeting teh Board OF Directors
sbaIl nroceed to elect from thir own number
a president. one or more Vice Presidents, anu
a Secretary-T-easurer, and shall elect OF
NAV he necessary in their Judgment Tor the
nroper conduct of the business OF the cor,
no-ation: they shall fix the salaries OF an
officers and employees, and shall nave the
right to dismiss them at pleasure. All Q,
the corporate powers fthis corporation snail
he vested in and exercised by the said Board
Of Directors. They shall have full power 10
fill all vacancies in their NUMBER ARISING
from any cause. majority OF the ooaru
shall constitute quorum for the transaction
Ill h,tsf
holders meetings shall be given not less
than fifteen DAYS in advance thereof IN
writing addressed and mailed to each stock
holder at his last known address. Eacn
share of stock may be voted by the stock.
holders in person, by proxy. and shall
be entitled to one vote. The Board OF Dit
rectors NAV adopt such bylaws for the gov
eminent of the corporation as may seem TO
them advisable and may amend or cancel the
same at will At all directors meetings the
directors NAV vote by proxy as effectually
and validity though present and acting in
person.
That in all other respects the said original
charter is to remain in force and effect as
heretofore adopted, all as will more fully
appear by reference to the proceedings had,
and the vote taken thereon at the meeting
of the stockholders aforesaid, duly certified
copy of the minutes thereof being attached
to and made part hereof. Said appearers
further declared that. as will appear from
holders of said corporation, they were au-
thorized. empowered and directed to appear
before a Notary Public for the purpose OF
executing in authentic form the amendment
of the said Articles One d. Two (2), Three
81 and Four (D of said charter, any they
do now appear before me, said Notary, for
the purpose of carrying out and giving effect
10 the resolutions adopted by the stock
holders, amending the charter of said cor
poration in the particulars hereinabove men
toned and set forth, and to cause the said
amendment to be recorded and published as
required by law. TO serve and avail as the
future may or shall hereafter require.
Thus done and passed at my office in
the City of New Orleans, on the day, month
and year first hereinbefore written. in the
presence OF Messrs John D. Miller, and
Francis Ei1cr. competent witnesses. who
hereunto sign their names, together with the
said appearers and me, Notary, after due
reading of the whole.