The herald. [volume] (New Orleans, La.) 1905-1953, 1919-03-06

0O0OO, divided into 1000 shares of the par
value Of $4,000 each, and this corporation is
10 be a going concern when one half OF the
capital stock has been issued and subscribed
for. Each share of stock shall be entitled
to one vote at all general elections. Should
the capital stock OF this corporation ever be
such additional shares OF stock that may be
issued shall first be offered to the holders
OF stock at the time of issuance of said new
stock in the proportion in which the said
stockholders shall at the time of issuance
hold stock in this corporation.
ARTICLE V.-No stockholders shall ever
be held liable or responsible for the indebt-
edness, fults defaults OF this corporation
nor shall any mere informality in the orga-
nization OF the corporation have the effect
of rendering the charter null or of exposing
the stockholders to any liability beyond the
unpaid balance. If any, on his stock sub
scription. Should any stakeholder desire to
| sell his stock, he shall first offer the same
to the stockholders of the company through
its board of directors and the stockholders
who desire to purchase shall have the right to
purchase the same in the proportion to their
holdings of stock in the company. Should
said stockholders in fifteen days after notice
having been given, in writing, fail or refuse
TO purchase the stock offered for sale, such
| stock may be sold to any one: No transfer
of stock shall be made or held to be valid
and binding unless made on the books Of the
company, and unless made in pursuance of
the provisions Of this charter.
ARTICLE NI.-This corporation shall have
all powers granted to such corporations by
law and shall have the power TO contract,
sue and be sued in its corporate name, and
to own, hold, receive, loan, lease, purchase,
sell and convey or mortgage any and all OF
its effects or to hypothecate its property and
to do any and all acts and things of any
other kind nature or description, may be
necessary to carry out the objects and pur-
poses of said business as its interests and
convenience may require.
poration shall be directed by and vested in
a board of directors of three stockholders,
two of whom shall constitute a quorum for
the transaction of business, and the said di-
rectors as first constituted shall be P: c.
Doerr Alvin {. Carpenter and ]. J. Mulligan
and two others TO be selected by the three
above named directors and they shall hold
office until the second Monday of January,
| 1920, and that day and from each and
every day thereafter elections shall be held
annually for directors at the principal office
of the corporation. Railure to hold an cleo
ton on the day specified shall not dissolve
| the corporation, but the directors in office
shall hold their respective offices until an
| election shall be held after thirty days no.
| tce of the time and place thereof given to
each stakeholder. The annual election shall
| be held on the second Monday in January,
1920, and thereafter the second Monday
| in January in each succeeding year, and the
election shall be held between the hours
of a. m, and = p. m. All vacan-
|
cause shall be filled by the remaining di-
rectors. p. c. Doerr shall be the first
president and manager, Alvin {. Carpenter
shall be the first vice-president and J. J.
Multigan shall be the first secretary treas
urer and they shall hold office until the
ond Monday in January, 1920, and each
ceeding board or directors shall elect its
principal officers for the term of their cleo
ton and only stockholders shall be eligible
for election as a member Of the board Of
directors.
ARTICLE VIII.-Whenever this corpora
ion is dissolved, either by Limitation or for
any other cause, its affairs shall be Gqui-
dated by the board of directors, who are
hereby vested with full power to sell any or
all assets of the corporation, either sepa-
rately or in mass, and to convey full and
complete title thereto. and shall have full
power to do and perform all acts necessary
and proper to fully and completely liquidate
the affairs and distribute the proceeds, il
any, among the stockholders of the said cor
poration TO the amount of stock held by
each.
ARTICLE IX-This act of Incorporation
may be amended. altered or modified or this
corporation dissolved by vote of three
fourths Of the shares of the total amount OF
stock at a meeting convened for that pur-
pose after ten DAYS notice in writing mailed
to the address Of each stakeholder.
Thus done and passed in my notarial OF.
flee, in the City of New Orleans. State Of
Louisiana, on the day. month and year first
: above written. in the presence OF Azelie
Bennett and Ruth NJ. Seller, competent wit
nesses, who have hereunto signed these pres.
r ents, together with the parties hereto and
! me- Notary. after reading Of the whole
y Witnesses: Azele Bennett, Ruth NJ. Sell
n err
$ A true copy of the original now on file ir
d my office -
8 Notary Public.
d COriginaI Signed P C. Doerr. 1914 Fourti
g St. New Orleans, La. 100 shares; A C. Car
: penter. 1880 Nelson St, New Orleans. La:
Is shares: T. J. Mulii2an Jr.. 1914 Fourtl
is 81, New Orleans, La, shares.
10 A. A MORENO.
h, Notary Public
j. Feb u 10 Apr Bird