The herald., 1919-05-15
CHARTER

time to time, to sum not to exceed One
Hundred Thousand ($lOO,OOOOO Dollars
a two thirds vote of the stockholders. Sucn
stock shall be full paid and non assessable.
All stock of this corporation, provided tor
herein or that which may hereafter be is
sued, shall be valid only if signed by the
President and counter signed by the Secre-
ary-Treasurer All transfers of stock shall
be valid and binding only when made on
the books of the corporation. Before any
stockholder shall sell dispose of his
stock in the corporation, he shall give thirty
days written notice Of his intention so to
do to the corporation, during which thirty
days the corporation itself shall have tho
right of purchasing the stock at its book
value. This corporation shall begin bust
ness as soon as Five Thousand (S5,GO.0O Dol
lars OF the capital stock has been subscribed
as provided for in Section ?, Ac. 267 of the
General Assembly of the State of Louisiana,
| for the year 1914
ARTICLE V.-All the corporate powers OF
this corporation shall be vested in and
ercised by Board Of Directors, to be
composed of three stockholders. each of whom
shall own in his own right at least one full
paid and unpledged share of the capital
stock, two members OF whom shall consti-
tue quorum for the transaction Of bust
ness. The annual meeting of the stockhold-
ers shall be held the 5th of May OF each
year. or the first working day thereafter.
The first election for directors under this
charter shall be had, by ballot, at the
| on the 5th of May, 1920, and annually there
after. Notice of such meeting, in writing.
shall be given to each stakeholder by mail,
addressed to his her last known postof-
flee address, at least fifteen days before
the date of such meeting. At all such
elections and at all meetings Of the stock
holders every stakeholder shall be entitled
to one vote for each share of the stock
standing in his name on the books of the
corporation at the date of such election or
meeting; said votes may be cast in per.
son or by proxy, the said proxy to Be in
writing, and a majority of votes cast shall
, elect. All meetings of stockholders and di-
rectorS shall be held at the domcle of the
corporation, unless all the directors shall in
writing consent otherwise.
The failure to elect directors at the annual
meeting shall not dissolve this corporation
nor impair its management in any way but
the directors then in office shall remain in
qualified The Board Of D 4ee slsesfa S aaq
first meeting following each election shall
elect from their number President and
Secretary Treasurer, and the board shall
have the power to fix the salaries of such
officers and agents as they deem necessary.
Vacancies occurring in the board of direc-
tors may be filled until the next ensuing
meeting of the stockholders by the remain,
ing directors or director, whether a quorum
remain or not. Special meetings of the
stockholders may be called by the Board
at any time and shall be called at the in.
tive per cent OF the stock of the corporation.
and OF all such meetings, notice shall be
gwen IN the manner provided for herein.
Until the meeting of the stockholders for
election of directors 10 be held under this
charter on the 5th OF May, 1920, or until
their duly qualified successors are elected
and installed, the Board of Directors shall
be composed of Fernin F. Farrell, No
6322 5. Franklin St; Alfred NJ. Farrell, No.
630 5. franklin St; and r. Noble Day No.
oS25 ). rankin St; all of New Orleans. La;
with the said Fernin F. Farrell as President
and the said Alfred NJ. Farrell as Secretary
ARTICLE VI-This act of incorporation
may be modified, changed or altered or this
corporation may be dissolved. or the capital
may be increased in accordance with law,
at meeting of the stockholders called for
the purpose, after notice shall have been
given in writing to each stakeholder, deiv-
cred to him personally, or mailed by regis
tered letter to him at the postoffice address
designated by him. at least fifteen Q5) days
prior to the date of meeting.
ARTICLE Vino stakeholder shall ever
be held liable or responsible for the con-
tracts, faults or debts OF said corporation,
in any further than the unpaid balance
due the corporation on the shares of stock
owned by him, shall any mere infor-
mallty IN organization have the effect of
rendering this charter null or of exposing
stakeholder to any liability beyond the un-
paid amount remaining due on his stock.
ARTICLE VIII-The stockholders have
respectively written opposite their names the
amount of stock in this corporation sub
scribed for by each of them. 50 that this
act may serve as the subscription list of said
corporation.
Thus done and passed. at my office in the
city of New Orleans. the day and date first
above written, ,in the presence of Messrs.
Edwin J. Prinz, and Eugene J. Mckinney,
competent witnesses, who have subscribed
their names hereunto with said appearers
and me, Notary, after due reading of the
whole.
Witnesses: Eugene ]. Mckinney; Edwin
]. Prinz.
Original Signed Names omitted
EDWARD RIGHTOR,
Notary Public.
/, 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
Farrell Shipping Co. Inc, was this day
duly recorded in my office, in Book 1928, Folio
4l4
New Orleans. April 26. 1919
EMILE J. LEONARD. D. R.
true copy.
EDWARD RIGHTOR.
=, Notary Public.
May S-to June IL, inc