The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-18
CHARTER
increased to Five Hundred Thousand
Dollars $500 100000.

Increased to Five Hundred Thousand
Dollars (SJO0,000.00)
ARTICLE v.-An the powers of this
| corporation shall be vested In and eNer-
/ ciSed by Il Board composed of five
Directors. Said Board shall be elected
annually by ballot at stockholders
meeting called for that purpose on the
first Monday of July of each year (or
the next legal day if that day
be holiday, after due notice
given to the stockholders by mail
at least fifteen days before the dat" ct
| said meeting. Each holder of stock shall
be entitled to one vote for each share oi
stock standing in his name on til" hooks
| of the corporation. said vote TO he cast
| in person or by proxy. and ia" majority
| of votes cast shall elect. The Board Of
! Directors shall have the power T" fin HI
i vacancies which may occur or i'll ANY
manner arise or be created on the Board
/ even though no quorum remain AT the
time such vacancies are to he filled.
! Failure to elect Directors on the day
above specified shall not dissolve the
+ corporation. but the Directors then in
office shall remain i'll office until their
Successors are elected and qualified. Tn"
Board shall elect from their number "a
President Il Vice President and Il Secre-
tary-Treasurer; provided that tn" Board
may elect such other Officers (who need
not be members of the Board or stock
lent for the carrying on of the cOmpany'S
business. and they shall fix the salaries
of all Officers, agent and employees.
At any meeting of the Board of Direct
OrS any Director absent from the meet
ing may he represented by any other
Director who may east the vote of IL"
absent Director according to the written
instructions. either general or special, of
said absent Director. The Board of
Directors shall have authority to make
a 1iSh XH..ll ~ - Ttr
all bylaws. rules and regulations necr>-
Sary and proper for the support and man
agemcnt of the business and affairs of
this corporation and not inconsistent /
with this charter; and they shall have
power to authorize the borrowing OF /
money and the issuance of notes and tn" /
execution of pledges. and generally To |
do all things necessary or convenient Cor |
the proper carrying on of the business of
the corporation.
Until general meeting of the stock |
holders for election of Directors to he !
held in 1920. or until their duly quail /
fled successors are elected and installed !
the Board of Directors shall be composed |
of the following: :. W. King, post Offi"" |
address Dallas Texas Charles f. Levy, |
post office address, SOS Gravicr Street, !
New Orleans, Hal Brown. post office ad- /
dress. 922 Gravipr Street. New Orleans, |
Simon J. Shlenkcr post office address. !
N26 Gravier St, New Orleans. :. W. King /
j t., post OIlltt dhuTfNS- bdlldN lfNaN
of these s. w. King shall be Pre>i- |
dent: Simon J. Shlenker, Vice President, |
and Hal Brown. Secretary Treasurer.
ARTICLE VI.-This act of incorpora-
ton may be changed modified or amend [
ed. or the corporation dissolved. by a !
vote of tWO-thirdS of the entire capital |
stock present or represented at Il general |
meeting of the stockholders convened for
such purpose. after previous notice shall
have been given in the manner above re
quircd to be given of the annual meeting
of the corporation.
ARTICLE Wifi this corporation
shall be dissolved. either by limitation
Or from any other cause. its affairs shall
be- liquidated by three commissioners to
be appointed ut the meeting of stock
holders convened for the purposes of
liquidation. and TO be elected by the vote
Of all the stockholders voting upon
parity. Said iquidatOrS shall remain in
office until the affairs of the corporation
shall have been fully settled and liquidat-
ID. and they shall have fun power and
authority to transfer and give title to all
he property and assets of the corpora
ion and to distribute the proceeds. In
.ase of death. disability or resignation Of
Ine or more liquidatOrS, the vacancy shall |
% filled by the survivor or survivors.
ARTICLE NIII.-NO stakeholder shall
'ver be held liable or responsible for the
contracts or faults of said corporation in
my further sum than the unpaid balance
lue on the shares of stock owned by him, |
lOr shall any mere informally in organ
cation have the effect of rending this
'harter null or of exposing any stock
holder to any liability beyond the un.
Daid balance due on his stock.
In order that this charter may serve as
he original subscription list, the sub
'criberS hereto have indicated opposite
heir respective signatures the number of
shares of stock subscribed for by each of
hem. All subscriptions are to be paid for
n cash at the execution hereof.
Thus done and passed at my nOtaral
'ffice at the City of New Orleans State
# Louisiana, on the day, month and
ear first hereinabove written. in the
presence of Walter j. SuthOn. Jr and |
ivonne Goodrich competent witnesses |
Who have hereunto subscribed their |
James to gether with me- Notary and the
aid appearerS, after due reading of the
whole
Witnesses. Walter j. Suthon, Jr,
'yOnne Goodrich.
WATTS X. LEVERICH.
Notary Pubic.
/, the undersigned, Recorder of Mort
ages. in and for the Parish of Orleans
tate of Louisiana, do hereby certify |
hat the above and foregoing Act of In L
operation of King, Brown x CO.. IncOr-
GRATED, was this day duly recorded in
ny office in Book 1921. Folio -
New Orleans La, September 9TH. 1919.
EMILE j. LEONARD, by. Il.
a true copy.
WATTS X. LEyERICH.
Notary Public.