The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-11
CHARTER.

entitled to one vote for each share of sale
common stock standing in his name on thu
him in person. or by his written proxy
and the majority of such votes cast shall
elect.
Any vacancy occurring among the di
rectors of said corporation by death, res
ignation, or otherwise, shall be filled by
election for the unexpired term by tn,
remaining directors.
| A failure to elect directors on the date
above specified shall not dissolve the cor
poration, nor impair its corporate exist
ence and management, but the directors
then in Office shall remain in Office until
| their successors shall have been duly
| elected and qualified.
The Board of Directors at its first meet
] ing shall elect from its own number 8
| President and one or more VicePresi-
| dents. They shall also elect a Secretary
| and Treasurer, or one person to act as
| both Secretary and Treasurer, either OF
whom may or may not be a member OF
| said board.
| The Board of Directors from time to
! time may name and appoint all such other
0fhcers Including one or more vice pres
| fdents not members of the Board of Di-
rectors) and agents as it may deem neces-
sary for the purposes and business of said
corporation. The said board shall have
power to fix and define the duties of every
officer and employee and all officers and
| employees shall hold Office and employ
ment at the pleasure of the board.
The board may make and establish, as
well alter and amend, all such bylaws,
rules and regulations necessary and
proper in its Judgment for the conduct
and management of the business and af-
fairs of said corporation. The Board of
Directors shall have full power and au-
thOrity to borrow money to execute mort
cages and to create liens: to issue bonds
notes and other obligations, and to secure
same by mortgage, pledge or otherwise ::
and generally to do any and all things
reasonable, convenient and necessary for
the proper carrying on of the business
and affairs of said corporation; and, in its
discretion, to create and elect an EXecu-
1--WE committee 10 be composed of three
or more OF its members, to which com
mittee the Board of Directors may grant
all or any of its powers to be exercised
during the interim between meetings of
the board itself.
ARTICLE VI-This act of incorporation
may be modified, changed. altered or
amended, or the capital stock of this cor
poration may be increased or decrea sed
or this corporation may be dissolved. with
the assent of two-thirds of the outstand-
ing common stock Of this corporation
gwen ana obtained ut general meeting
OF stockholders convened for such purpose
or any of them, after previous notice of
such meeting shall have been given tn
each common stakeholder by registered
mail, addressed to him at his last known
piaCe OF residence and deposited in the
mails of the United States. at least fifteen
llo) days previous to the date of said
meeting, unless other notice be prescribed
by law, in which event notice shall he
given in conformity to law.
Whenever this corporation NAV he dis.
solved, either by liquidation or from any
other cause, its affairs shall be lionida tnS
Dy hve t5) commissioners to be elected by
the stockholders at a general meeting CON
a ae Ior the purpose of liquidation, as
auo'e provided, and after due notice; a
majority or the common stock present and
represented at such meeting shall be re-
qulslte TO the election of such commits.
sloners. The said commissioners shall
oonr IN once until the affairs of said
corporation shall have been fully Gnni
dated In case of the death or resipnofion
oI any one or more of said commission
ITS the vacancy or vacancies shall he
~, iileu ny the survivor or survivors. In
the event of any disagreement among said
commissioners. the action of the maioritU
snail control and prevail
ARTICLE VINO stockboldar shall
ever be held liable for the contracts or
Iaults OF said corporation in any further
sum than the unpaid balance due the cor
b bin' on the shares of stock owned by
MN nor snail any mere infOrmality in
organization have the effect of rendering
this charter null or of exposing n stocE
holder to any liability beyond the unpaid
amount remaining due on his stock.
ARTICLE VIII-The following shall
constitute the first Board of Dirtcors of
this corporation: VI
- r. Allgeyer. New Orleans. La.
II. n. Dufour, New Orleans, La
Z. +: Ellis, New Orleans, La.
w. Ellsworth, New Orleans La
George j.. Glover, New Orleans, La
X; ); Heeht. New Orleans, La.
Charies f. Herb, New Orleans La.
ahtn +. toward, New Orleans, La.
Adolph katz, New Orleans Ia
Ernest NJ. Loeb, New Orleans Ia
Bernard McCloskey. New Orleans Tn
WMugn McCloskey, New Orleans, La.
Z. simpson, New Orleans La
IL. ". MilmOt, New Orleans. La.
I. H. wilkinson, New Orleans, La.
me said Board of Directors shall hold
once untii the second Tuesday in jam
airy, 1871, or until their successors shall
nave Deen duly elected and qualified.
Inc subscribers to the capital stool n,
dresses are: "u-
e r. Allgeyer, New Orleans. La.
H. g. Dufour. New Orleans. La
Z. +: Ellis, New Orleans, La
r.. w. Ellsworth, New Orleans. La.
George j. Glover, New Orleans. Ia
II; 5; Heeht. New Orleans. La.
tha.rieS r; Herb. New Orleans. La.
AAdolph katz, New Orleans. La
Ernest NJ. Loeb. New Orleans Ia
6ernard McClOskey, New Orleans T..
MMugh McCloskey. New Orleans. La
r. simpson. New Orleans. La.
H. W. Wllmot New Orleans. La.
Il. n Wilkinson, New Orleans Ia
La. ee' New orleans.
~. .. Hecht, trustee, New Orleans To
tNuinoer OF shares omitted.
Inc subscribers hereto have writton m
p pr their respective names the nnmSer
81 SHARES OF capital stock in said cornoro
.ioh subscribed for by each of tber, ga
.his act or Incorporation shall also sarva
iiS' vi SAID
MS zone and passed at nv Office In tbo
CIty OF New Orleans on the day month
anu year herein first above written in the
presence or Eugene Thorpe and Jacob n
,,t er' competent witnesses who have bera'
tba so sfSneu their names, together with
the sald sappearers and me. notary after
que reading of the whole. "i'e'
Original Signed) G. T. Augoror
Dufour c. P. Ellis F. w. EIIswortb n c. "
Glover; Charles F. Herb. Alvin p How LOVE-
ara. Adolph Katz (by Alvin p HowauI
~ naerIard McCloskey, X. w. Wilmot ErneS,
~. Loeb t6y III. G. Dufour), w. p S;mn'
son 10y z. F. Herb, Hugh NcclosLap
rIugn ,McCloskey trustee. II. s. Hecbt p
~. wlklnson (by r. s. Hecht1 r. g
llecht trustee. Number of shares s,b
scrlDed for Omitted) suo-
Batter. "orPe' Jacob +. |
AL. c. HAMMER.
Notary Public.
L, the undersigned, Recorder oe NJ.
cages In and for the Parish of orIno
I ,h OF Louisiana, do hereby certify that |
me above and foregoing Act of Inay tnaC