The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-06
CHARTER

entitled to one vote for each share OF stock
standing in his name on the books Of this
corporation, this vote to be cast in person
or by written proxy, and It shall require
a majority OF the stock present or repre-
scented to elect The directors shall have the
right TO increase their number TO seven
Failure to hold an election Tor directors on
the second Monday Of January, 1920, or an
nually thereafter, shall not work a tJrtcl-
ture Of this charter, but the old Board 81
Directors shall remain III office until their
successors are duly elected and qualified.
ARTICLE NI.-The Board OF Directors
shall hold regular meetings al such times al
shall be fixed in the bylaws OF this corpora
ton. These meetings shall be acid at the
dDmIcile OF the corporation, but the president
may call SPECIAL meetings OF the Board OF
Directors al such times he may deem dd-
visable, and he Shall be required to call such
special meetings at the request OF member
Of the Board Of Directors Three days writ
ten notice OF such special meeting shall be
given 70 the directors, unless waiver OF
such notice is signed by the directors. Any
vacancy occurring IN the Board OF Directors,
either from death, resignation or inability
to serve, shall be filled by TIE remaining
Board OF Directors At its next regular meet
ing after such vacancy shall have occurred.
The first Board of Directors OF this corpo-
ration shall be required 10 draft suitable by
laws for the government Of the corporation.
which may be altered, amended or changed
as the eXigencies Of the case may require.
ton may be transferred, provided, such trans
fer shall be recorded the Books OF this
corporation before 1t shall be required -
recognize the transfer. the holder
Of the stock. The total amount of the sub
Scribed stock as herein set forth, is the
sum Of Twenty Thousand ($20D0O0M Dol
lars or Two Hundred l3OO) shares, OF which
SIX thousand (S6oOO0 Dollars or Sixty
(6O shares are hereby authorized - be IS
sued fully paid for and non assesSable, for
To- IN i t..- 10
sires TO seh his stock, or any part thereof.
he shall first offer same to the remaining
stockholders, in proportion to their respec-
tive holdings, At MS book value. This
dretSedt to each stockholl.r at his last
known address, giving thirty days option.
At the expiration OF which time. the said
stakeholder desiring 70 dispose Of his stock,
shall be at liberty TO sell at whatever price
and 70 whom he may please
ARTICLE NIII.-This charter may be
modified or altered. the capital stock thereof
increased or decreased. or the corporation
may be dissolved with the assent Of two-thirds
Of the capital stock presen, OF represented at
any meeting OF the stockholders held for that
purpose. after prior notice in writing 10
each stakeholder, or mailed 10 him at his
last known post office address. all in ac-
cordauce with the terms Of Act POI Of 1914.
ARTICLE lN.-At the expiration OF this
charter, or the earlier dissolution Of this cor.
poratlon for any cause, its affairs shall be
liquidated by one or more lqudators - be
elected by the stockholders, all Of whom shall
hold stock i nthis corporation. and said H.
qudatorS are hereby veS1ed with full power
said corporation. with full power TO act un-
der the terms Of Sec. 30 of Act POI Of 1914.
The said appearers hereby declare that they
have subscribed to the following number of
shares OF the capital stock Of this corporation,
to-wit Samuel A. Davis, IT., twenty 90
shares; Charles f. Smith. twenty 900 shares;
Ephriam Rosenberg twenty COZ shares:
Earl Bruce Rowan, forty (+0l shares. and
Otto F. Briede. twenty 900 shares, orS-half
of which shall be paid in cash. and tie re-
mainder within twelve months from the date
hereof
Thus done and passed at my office in this
City of New Orleans. Louisiana. on the
day. month and year hereinabove first
written, in the presence of Francis 7. Burns
and J. y. Swing competent Witnesses. who
hereuntO sign their names, together with the
said appearers and me. Notary and the said
appearers have also set opposite their names
the number OF shares subscribed by them.
all after due reading of the WHOLE.
Witnesses: Francis P. Burns, J. " Swing.
Original Signed Samuel A. Davis. Jr.,
20 shares; Chas. f. Smith, 20 shares; f. B.
Rowan. 70 shares; Otto F. Briede, 20 shares;
Np'' N0''"OS' " JOHN R. UPTON.
Notary Public
I. the undersigned. Recorder of Mortgages,
in and for the Parish OF Orleans, State OF
louisiana do hereby certify that the above
and foregoing Act of Incorporation, of the
Smith Davis Company. Inc, was this day
duly recorded in my office. in Book 1928,
Folio -.
New Orleans. March 3rd 1919.
(SigneD EMILE J. LEONARD, by. R.
A true copy.
JOHN R. UPTON.
Notary Public.
Mar. 6-l3-2O-27; Apr. $40.