The herald., 1919-10-02
CHARTER
increased to Five Hundred Thousand
Dollars $500, 100000.

increased to Five Hundred Thousand
Dollars (Sj00,OOOOO)
ARTICLE v.-An the powers of tm-
corporation shall be vested IN anu '\'T
risad hy Board composed OF ii'r
directors. Said Board shall be elected
annually by ballot at StorkholdT~
meeting called for that purpose On me-
first Monday of July of each year cor
the next legal day if that gay
La = hoIiday), after du" motto"
i'm 70 the stockholders by mail
At least fifteen days before tn" date Of
Snid meeting Each holder of stock shall
no cutitIp to one vote for rach snare o.
stock standing in his nam" on thr h'"N~
of tho CORPORATION, said vote TO lee Gas,
~; ,ar,on or bv proxy. and the maJorit,
of Yates cast shall elect. The Board OF
DIRECTORS shall have the power 10 M Hi
vacancies which may occur or IN any
manner arise or be created on thc hoard
even though no quorum remain al 'N'
time such vacancies are TO be iIll'd-
LniIura 70 elect Directors on til" DAY
ohove specified shall not dissolve u"
rorporatiOn. but the directors tn'h ]"
office shall remain in otflce untli tntlf
Successors are elected and quAIlfled. IA"
Eoard shall elect from their number "
president a President and Secr"-
tary Treasurer: provided that the Board
may elect such other Officers t"ho htra
NOT no members of the Board or stock
hoIdprs) as they think proper or cohF"u-
iant for the carrying on of the company =
busineSS and they shall tlN the SaIaFltN
of all officers, agent ana employees.
At any meeting of the Board OF bret
ors any Director absent from the iH'''
ing may be represented by any "tA"r
Director who may cast the No'' OF lj"
uLSant Director according to tn" written
instructions either general or special. OF
said absent Director. The Board al
Directors shall have authority 10 max"
and establish, as well aN alter ana amend
all bylaws rules and regulations he''>-
s,ry and proper for the support ana man
arpment of the business and affairs Of
This CORPORATION and not inconsistent
with this charter: and they shall nave
mower to authorize the borrowing "I
money and the issuance OF notes ana IN"
execution of pledges, and generally 20
40 ali things necessary or convenient Cor
the proper carrying on OF the business ol
the corporation.
Until a general meeting of the stock
holders for election of Directors to be
held in 1920, or until their duiY quan-
fled Successors are elected and installed,
the Board of Directors shall be composer
of the following: 5. w. King, post ottIr"
address. Dallas Texas. Charles +. Levy
most office address, SIS Gravicr Street,
New Orleans. Hal Brown, post office ad-
dress. g22 Gravier Street. New Orleans,
simon J. Shlenker. post office address,
81
Jr.. post office address, Dallas Texas.
OF these. s. w. King shall be PrcSi-
dent: Simon J. Shlcnker. Vice President,
and Hal Brown, Secretary Treasurer.
ARTICLE VI.-This act of incorpora-
ton may be changed, modified or amend
ed or the corporation dissolved, ny 4
vote of twO-thirdS of the entire capital
stock present or represented at general
meeting of the stockholders convened for
such purpose. after previous notice shall
have been given i'll the manner above re
uuircd to be given of the annual meeting
of the corporation.
ARTICLE Wifi this corporation
shall be dissolved. either by limitation
or from any other cause, its affaihs shall
be liuuidated by three commissioners to
be appointed mt the meeting of stock
holders convened for the purposes Of
LIQUIDATION. and to be elected by the VotH
of all til" stockholders voting upoH "a
parity. Said liguidatOrS shall remain III
office until the affairs of tn" corporation
shall have been fully settled and liqUldat-
ed and they shall have full power and
authority to transfer and give title TO all
the property and assets of the corpora
ton and to distribute the proceeds. In
case of death disability or resignation If
one or more liquidatOrS. the vacancy shall
be filled by the survivor or survivors.
ARTICLE VIII.-NO stakeholder shall
ever be held liable or responsible for the
contracts or faults of said corporation III
any further sum than the unpaid balance
due on the shares of stock owned by him,
nor shall any mere informality in organ
izatiOn have the effect of rending this
charter null or of exposing any stock
holder to any liability beyond the un-
paid balance due on his stock.
In order that this charter may serve as
the original subscription list, the sub
scribers hereto have indicated opposite
their respective signatures the number OF
shares of stock subscribed for by each "1
them. All subscriptions are to be paid for
in cash at the execution hereof.
Thus done and passed at my notarial
office at the City of New Orleans, state
of Louisiana, on the day, month and
year first hereinabove written, in the
presence of Walter J. SUTTON, Jr., and
Yvonne Goodrich, competent witnesses
names to gether with me, Notary and the
said appearers, after due reading of the
| whole.
Witnesses Walter J. SUTTON, Jr,
| YyOnne Goodrich.
WATTS X. LEVERICH.
Notary Pubic
| l, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans
! State of Louisiana, do hereby certify
| that the above and foregoing Act of In
cooperation of King, Brown ~ Co., lncor'
/ pOrated, was this day duly recorded III
! my office in Book 1921, Folio -.
1 New Orleans. La, September 9TH. 1919.
EMILE J. LEONARD, by. Il.
A true copy.
WATTS X LEvERICH,