The herald., 1919-07-24
CHARTER

ton to be held in the year 1920 All such
elections shall be by ballot, at the office OF
| the corporation, under the supervision OF two
| commis SiOners, to be appointed by the Board
| of Directors and in the absence Of any conf
| mis- sOner, the President shall have power to
| fill the place by appointment, and OF all
| such elections, as well as OF all meetings OF
| stockholders, except for the purpose Of IL
quotation or dissolution or as otherwise re
| CURED by law, ten days notice shall be
| given by mailing to each stakeholder who
| appears such on the books OF the corpora
| ton, at his last desi grated address, or al
the general delivery at New Orleans, If he
has not designated an address. an announce
meut stating the time and place OF the meet
ing. Each shareholder shall be entitled to
one vote for each share of stock standing
in his name the books OF the company,
to be cast in person or by proxy, and a
jority OF the votes cast shall elect The
| Board OF Directors shall have power to fill
all vacancies that may occur in the Board.
Failure TO elect directors day above
specified shall not dissolve the corporation,
but the Directors then in office shall remain
in office until their successors are elected
and qualified. Due notice OF another cleo
tion shall forthwith be given, as above pro
vided. Such notice of election shall be CON
tuued to be given until election IS held.
The Board of Directors at their first meeting
following each annual election shall elect
from their number a Presisenr "a Vice PresI
dent and a Secretary Treasurer and such Of
ficers as the Board OF Directors shall deem
necessary. The Board shall have power. in
its discretion, to unite two or more offices.
and the to confer upon one person, and
shall have power TO fix the salaries of all
officers and all such other officers and EN-
ployees as they deem necessary. The Board
Of Directors shall have power 10 make and
establish, as well as alter and amend, all
, by laws, rules and regulations necessary and
proper for the support and management of the
business and affairs of said corporation, not
inconsistent with its charter Said Board
snail also have full power and authority to
borrow money, and through the President or
some other duly authorized agent or agents,
TO execute mortgages, issue notes, bonds or
other obligations. in such amount and such
terms as in their judgment may be advan'
tageous and generally to do all things nee
essary for the proper carrying on OF the
business of this corporation, as also TO issue
] and deliver full paid shares of stock and
Y bonds obligations of this corporation, II
: payment of money borrowed, or money, labor
! or services and property or rights actually
. | received by this corporation, as heretofore
r set forth; and shall have power to do al
r such acts and things as may be necessary
|, to carry out the objects and purposes fol
V which this corporation is organized.
t, A majority Of any of the Directors shall
:. constitute a quorum for the transaction o
d any business AT any meeting of the Boar
!, any Director absent from the meeting may b.
], represented by any other director, who MAJ
h cast the vote of said absent Directors, accord
ing to the written instructions OF said absen
n Director. The Board of Directors shall hav
v the power, by vote of not less than ma
II jority thereof, 20 sell, lease, mortgage, b.
bond mortgage or otherwise, or 10 pledge, an
Or and all of the property movable or immoV
" able, belonging to the corporation, or to re
" ceive in exchange therefor, money or stock
.r or bonds or other obligations of anothe
IN corporation, without referring to the share
" holders for the power to do sO and the
A. may also purchase for stock in this col
w poration for cash or on credit, propert
n Of any kind required for any of the pui
n poses of this corporation, without authorit
n Of the shareholders.
r. Until the next general meeting to be he!
~ under this Charter the second Monday
u Iune, 1920 or until their duly qualified su
or cessors are elected and installed the Boar
he of Directors shall be composed OF George
On Force, Alexandria, Louisiana, Isaac w. lro,
n ell. Baton Rouge, Louisiana, and Ernest
is Sykes of New Orleans, Louisiana, Wi
If, George X. Force, as President, Ernest
n Sykes as Vice-President and Isaac w. Iro
let ell as Secretary-Treasurer.
ne ARTICLE VII-This charter may
-. amended and the capital stock of this corp
70 ration may be increased or decreased
~ this corporation may be dissolved in 4
ne method and manner provided by law.
in ARTICLE VIII-No stakeholder of til
IS. corporation shall ever be held liable or
ms sponsible for the contracts or faults OF IN
os- corporation in any further sum than the u
MS paid balance on the stock for which he n
of subscribed, nor shall any informali
he in organization have the effect OF renderi
this charter null of exposing stockhold
or. to any liability then as Above provided.
ms. ARTICLE IX.-No stockholder may Sc
nd assign or transfer his stock in this corpo'
be ton without giving to the company, throu
ra- its secretary, thirty days notice in writ
the of such intentions, and the other stockho
9TH ers shall have the first privilege OF pr
his chasing the said stock at the Aook val
thereof for a period of thirty days from
ses said notice, after the expiration OF VIM
,bs time said stock may be sold in the op
il market.
ARTICLE X.-Seventy six shares full p'
in stock shall be issued to George X. For
er. Isaac w. Troxel and Fordyce Kimbell,
se | consideration whereof the said George
de. Force, Isaac w. Troxel and Fordyce n
de- bell hereby sell, assign, set over and deli
to corporated all their right, title and inter
per in and to the contract they entered into W
vel the Liberty Sand & Gravel Company, Inc
ng, porated and Joseph Kruebbe on june ~
ute in Conveyance Office, Book -. Folio =
out of the Parish of Washington, copy of S
of contract is hereby delivered to the New
ain leans Gravel Company, Inc.
all The said appearers being all OF the
scribers hereto and officers hereof being by
all Notary, flrSt duly Sworn, ulu ue PosS o."
eel that the property herein transferred TO I
the company by the said George X. Force, Is
nch w. Troxel and Fordyce kimDeil is !"
de- known to them and that they, and each
them, hereby-appraise same at abe sum
,er. Seventy Six Hundred $500 Dollars
gn Thus done and passed, in my office at
ses, City of New Orleans, Louisiana, on the q
'hts month and year first above written IN
nts, presence of Thelma Elliott and ID. V. DC
pat san, competent witnesses, who hereunto
their names, together with the said iapp'
as ers, and me, Notary, after due reading
d. the whole. ~
and Witnesses: T. Elliott, ID. V. Doussan;
as (Original Signed Geo. X. Force, Sis
two shares; Isaac w. Troxel. Sixty'th
or shares Ernest E. Sykes, one share;
vi c. T. STARKEY,
anu Notary Publ
ives I hereby certify that the above and Il
as going is a true and correct copy OF the
ntal sinal on file and of record IN my oiflc
cor c. T. STARKEY,
oco- Notary Publ
thef July l017-24-3l; Aug. IA.
IL ACT oE INCORPORATION OF MAI