The herald., 1919-05-01
CHARTER

/ 1t may be entitled 10 carry on or which may
| seem 10 the corporation 10 he calculated d.
rectly or Indirectly - ettcctultc the ature-
said objects, or either OF them, or 10 taolH-
! tate 1t III the transaction OF ITS AFORESAID
| business, or businesses, or any part thereof,
| OF IN the transaction Ol any other td"iI.
business that may be calculated directly OK
indirectly to enhance the value OF VI - Icr-
der Profitable any Of the company's proper
ties and rights and generally to have AMI
/ exercise all such powers and privileges "a.
purposes herena5ove set forth, OF as may
| be necessary, useful or convenient Tor Ell
fecting said objects and purposes.
ARTICLE IN.-The capital stock OF this
| corporation Is hereby fixed at the sum OF
| Three Thousand Dollars $4,000, divided
into and represented by SIX hundred ,o9D
shares OF stock OF the par value OF Five Dol
lars $500 each. said stock shall be paid
for in cash at such time, IN such amounts,
and after such notice to the subscribers as
may be fixed by the Board Of Directors and
the same may be issued at not less than par
for labor done or property actually received
| by the corporation. This corporation shall
| become a going concern and be authorized to
do business as soon the null amount Of
its capital stock shall have been subscribed
and paid Tor The amount to which the
capital stock Of this corporation may be in
creased shall be the sum OF One Hundred
Thousand Dollars (SlJUO0U). No stock
holder shall have the right to sell or Other
wise dispose OF any stock OF this corporation
without first offering the same in writing to
the Board Of Directors OF this corporation,
through its President, which board sha!
have ten QO) days within which to accept
Or refuse the offer, but sad Board OF Dl-
rectors shall have the right TO purchase any
stock SO offered or any part thereof at Its
have been offered for said stock by any
one. Should said Board Of Directors fail
to avail itself Of said privilege within said
period OF time, the said stock may be OF
fered and sold to any other person or per
sons
ARTICLE N.-Au OF the corporate powers
Of this corporation shall be vested in and
exercised by a Board OF Directors, composed
OF five 81 stockholders, three 90 OF whom
. | shall constitute d quorum SAID Directors
shall be elected annually on the THIRD
Tuesday in January OF each year at a gen
eral meeting Of the stockholders except the
first Board OF Directors appointed IN thI:
| Charter who shall hold their offices unit
the Third Tuesday in January 1920. A
such elections shall be held by ballot am
conducted at the office OF the corporatoI
under the supervision OF two % coliniS
slouers to be appointed by the Board o
| Directors. Notice OF such meeting and o
| all other stockholders meetings shall b,
given in the manner prescribed by law
and when not 50 prescribed, then writer
notice OF such meetings shall be deposited
at least fifteen (l5l days prior to the datt
Of such meeting, IN the post office ot tI'
City OF New Orleans, postage prepaid, prop
erly addressed to each stakeholder at hi
last known residence or place OF business
At all such elections and at all corporate
meetings every stakeholder shall be entitled
10 one vote for each share OF stock standIn.
in his. name on the books Of the corporation
to be cast by him in person or by his writ
ten proxy, and majority OF the votes cas-
shall elect. Any vacancy or vacancies oc
curing among the Directors by death, res
ignati5n or otherwise, shall be filled by cleo
ton for the uneXpired term by the remain
ing directors. The failure TO elect Dlrec
tors on the day above specified shall no
dissolve the corporation, nor impair its cor
porate existence or management but tht
Directors then in office shall remain IN OF
flee until their successors are elected anl
qualified The Board of Directors shall, an
nualIv. at its first meeting after election
| elect from its own number President, one
or more Vice Presidents, Secretary and Z
! Treasurer or il may elect one person whl
shall be both Secretary and Treasurer. The
BOARD Of Directors may also elect one Of
more assistant Secretaries, neither OF wloI
need be members of the Board or stockhold
| ers in this corporation. The Board OF d.
rectors shall have power and authority L
rama and anooint all such other officers
agents and employees may be deemed mes
essarv for the purposes and business OF tins
corroratinn. Said Board shall have power
and authority 10 fix the compensation anc
define the duties Of every officer and EN-
plovee and all officers and employees shaI
! hold office and employment at the pleasure
. of said board.
SAID board may make and establish, as vel
; as alter and amend, any anu all D! laws
rules and regulations necessary anu pfoPel
| IN Its Judgment Tor the conduct, support aht
management OF the business and affairs o
| SAID corporation. At all meetings Oh sdl'
Board OF Directors, each Director shdIl nave
the right to appoint from amongst the DlfeC
tors proxy 10 act in his place and stead
The said Board shall have full power anC
authority 10 borrow money, execute MOI
CAGES, and create liens; to issue oohds
| notes and other obligations, and TO secure
! the same by mortgage, pledge or otherwise
and, generally, to do any and all lhlli9
reasonable, convenient and necessary Tor IN,
proper carrying OF the business and al
fairs of said corporation. said Board ma!
| issue full paid shares of stock for cash o
in payment OF labor done and performed to
said corporation, or property actually re
: ceived by said corporation, upon complying
D with the formalities required by law.
ARTICLE EI-Whenever this corporation
I; shall be dissolved either by Limitation o
from any other cause, its affairs shail D.
liquidated by two 81 commissioners to d
!, appointed from amongst the stockholderS
a general meeting of the stockholders con
vened for such purpose; two-thIrds IN amour
; of the capital stock OF said corporation rep
! resented at such meeting shall be necessar
: to elect. Said commissioners shall remail
> in office until the affairs of said corporation
shall be fully lqudated In case OF tn
death of one or more OF the commits sioners
the vacancy or vacancies shall be filled b.
election bv the surviving commissioner
. Said commissioners shall hold all powers con
ferred upon them by law by the stock
: holders at such meeting, If not lnconslsten
with law.
ARTICLE VII.-No stakeholder shall eve
be held liable or responsible for the contracts
fauIts or debts of said corporation IN an,
4 further sum than the unpaid balance, l
$ any, due the corporation on the shares o
1 stock owned by him, nor shall any mer
informality in organization have the eftec
| of rendering this Charter null or OF expos
0 ing stakeholder to any liability beyon
I the unpaid balance, if any, remaining du
t on his or her stock.
ARTICLE VIII.-This Act of Incorpora
t ton may be changed, modified or amended
5 or the capital stock of this corporation ma!
( be increased or decreased, or said corpo
' ration may be dissolved in the manner nov
4 or hereafter provided by law.
ARTICLE IX.-The following shall constr
tute the first Board Of Directors OF thl
: corporations: Mike M Moss, $50 Unloi
Street, New Orleans, La; w. Irving Moss
$50 Union Street, New Orleans, La, Vice
| s. Huey, $50 Union Street, New Orleans
b, La; Edward Kory. $50 Union Street, New
=, Orleans, La, and Mike NJ Moss, $50 UnIoi
: Street, New Orleans, La, shall be President
r w. Irving Moss, $50 Union Street, New or
] leans, La, VicePresident; Arthur 5. Huey
t $50 Union Street, Ne wOrleans, La, VICE
President; Edward Kory, $50 Union Street
Barker, $50 Union Street, New Orleans, La
: Secretary. The said Board of Directors shall
hold office until the third Tuesday in Janu
L heir shall hav