The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-07
CHARTER.

Stewart as Vice President, William F. Stew
art as Treasurer, and Louis PIauche as Sec
rotary. The aforesaid directors shall hoil
their office until the first Monday OF June
1920, or until their successors are electel
and qualified.
All elections of directors shall be by bal
lot at the office of the corporation, under
the supervision of the board of directors
under such rules and regulations as thc
/ board OF directors may from time 10 tin:e
I promnlgate. Notice OF meetings Of stock
| holders, regular or special, except as herein
otherwise provided. except otherwise
required by law, shall consist OF notice sent
/ in writing to each stakeholder at his las;
! of the corporation, fifteen days prior 10 the
! date OF the meeting Failure 10 designate
/ an address shall permit notice to be sen,
TO the General Delivery at New Orleans
to such place may by the board of d,.
reCtOrs be determined, and to be sent
/ and shall constitute full and complete no
/ tIce. Each stakeholder at the annual or
/ other regular or special meetings shall be
entitled to one vote for each share of stock
owned and the vote OF any stakeholder al
Should a vacancy occur in the board OF
directors same shall be filled by the remain
ing directors by the election for the unex-
pired term OF a stakeholder Failure to elect
directors on the date specified shall not dis
solve the corporation, but the directors then
in office shall remain in office until their
successors are elected ana qualified.
The board OF directors at their first meet
ing following the annual election shall elec,
from their number president a vice presi-
dent, secretary and treasurer. The board
shah have the power 10 unite two or more
offices and the same 10 confer upon one
person. The board of directors may elect
but not necessarily from their number, such
other officers and agents to them seem
advisable.
The board of directors is hereby given all
power to carry on the business and affairs
of the corporation and 10 make all rules and
OF this charter. All nouces provided for
whether to stockholders or directors, may be
waived by the written or telegraphic consent
OF the stakeholder or director
ARTICLE VII-Wheneyer this corpora.
ton shall be dissolved or lqudated, its
affairs shall be liqudated by three stock
holders elected by the stockholders at
meeting called for that purpose. This cor
poration may be dissolved and liquidated at
any time by a vote of two-thirds OF the out
standing stock voting to that effect. In the
event of the death OF any liqudator, the sur,
vivIng liquidators shall have the right to
elect another to fill the vacancy, but pending
such election the surviving liquidators shall
have full right and authority to act an all
matters.
ARTICLE VIII.-This act of incorporation
may be modified altered amended in the
the stockholders, whether the same be a
regular meeting or special meeting, after
previous notice shall have been sent. as
hereinabove provided unless the same shall
have been waived, TO the last known ad
dress OF each stakeholder, at least fifteen
days prior to the meeting, and after publ.
cation at least once a week for two weeks
in daily newspaper in New Orleans, Louis
lana. Any increase or decrease of the capt
tai stock OF this corporation, except as herein
otherwise provided, shall be made in &C
cordance with the laws governing such mat.
tiers.
ARTICLE IX-No stakeholder shall be liza
BILE or responsible for the acts, omissions or
contracts of this corporation, or of its Of
ticers, IN any sum other than the unpaid
balance due on the shares of stock owned
by him, nor shall any mere informaity in
organization have the effect of rendering
this charter void, or of exposing any stock
holder to any liability in excess of the
amount due on his stock.
ARTICLE X.-There is annexed hereto an
accurate, detailed and itemized description
of certain property, being certain property
formerly owned by the Stewart Land Com.
pany and I. b. Davis, and certain other |
property which is to be conveyed to the |
IN payment of subscriptions to |
800 shares of its capital stock showing the |
amount, location, extent, character and state |
OF improvement of said property, together with |
a statement of the value of said property as |
appraised by the directors of this corpora |
ton, and, in order that this charter may |
serve also as the original subscription list, |
the subscribers hereto have indicated oppo-
site their respective signatures the number |
Of shares of stock subscribed for by each |
Of them.
Thus done and passed at my office, at
New Orleans, Louisiaan, the day, month
and year first above written, in the pres
ence of VIM. L. Nugent and P. c. Bucking-
ham, competent witnesses who have hereun-
to subscribed their names, together with
ne, Notary, and said apeparers, after due
reading of the whole.
Original Signed Names of subscribers
omitted.
Witnesses: VIM. L. Nugent, P. C. Buck
ngham.
WATTS X. LEVERICH,
Notary Public.
/, the undersigned. Recorder of Mortgages,
II and for the Parish of Orleans, State of
louisiana, do hereby certify that the abov,
md foregoing Act of Incorporation of
3unch's Bend Co., Inc, was this day duly
ecorded in my office, in Book 1881, Folio g.
New Orleans, June 3Oth, 1919.
EMILE J. LEONARD, by R.
WATTS X. LEVERICH,
Notary Public.
July 3-August ?.