The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-11
CHARTERS.

/ N1llhiNl i@iNh''
named shall serve as such for a period
! of not less than one year and until
/ succeeded by a board of directors who
have been duly elected and qualified, pro,
vided that failure to elect board
! of directors shall not have the effect
of disSolving this corporation, but IA"
board in office shall continue until their
successors are elected ana aaSuH' OF,
! fee; likewise the officers elected shall
continue to hold office and serve until
! their successors are elected and as~uW"
office.
| The board of directors above named
shall have the right to increase the mum
| Der of directors on giving days motto"
| of the meeting for said purpose, anu
| which directors if elected. shall SerN"
| for the same period as provided for the
| above board of directors, of II elected
: by majority vote of directors herein
selected to serve, or until their succrN-
sors are elected and qualify.
The officers elected by the board of
directors shall serve for year, or uu-
til their successors are duly elected ana
qualified and shall consist of PrcNl-
dent, vice president and secretary treas
urer.
/ The following officers shall serve for
the ensuing year or until their Succes-
sors are elected and qualify: WIN. Johh-
son, president; Il. \. LoughH"y' wee
president; n. j. .ClcSi. secretary treas
uerer 4 majority of votes cast at any
meeting of the board of directors SHAH
carry any proposition coming brf"r" H.
including the election of officers, the
eIection of whom shall be held annually,
the board being given the right to com
bine the position of secretary treasurer
All stockholders meetings. shall be held
at the domiCiIe of the corporation. Boaru
meetings may be- held out of the state
In the event of a vacancy in the oth,e
of director. his successor may be eject
ed by the board of directors.
Article VI-This corporation may pur-
chase. hold and acquire stock in other
. corporationS, and the capital stock OF
this corporation may be issued Tor me
capital stock of other corporations, win
. surh restrictions as provided by law II
NAV issue bonds, certificates OF lndebt-
pdness and other evidence of Indebtedness
and float sell, pledge, or cucumber the
] same as may be determined by the board
of directors.
Article yII-This charter may be
amended, changed or altered by a vote
of two-thirds of all of its stock preSeht
or presented by written PROXY ana
deem it advisable that the corporation
should be dissolved, it shall. within ten
days after the adoption OF a resolution
to that effect by a majority OF the whole
board at any meeting called Tor that
purpose of which meeting each direc-
tor shall have received three days no
tice. cause notice of the adoption of
said resolution to be mailed TO each
I stakeholder together with a notice OF
the meeting of stockholders to be held
at the office of the corporation, to take
action upon the resolution so adopted
by the bard of directors. The meeting
shall be held at any hour fixed by the
said hoard between 10 a. III. and p. III.
on the day so appointed, the meeting
may, by consent of the majority IN IN
terest of the stockholders present, De
adjourned from time to time, and II az
any such meeting, original or adJoufheu'
two thirds in interest of all the stoch'
holders of the corporation vote that
dissolution take place, certlhed copy
of such resolution, signed by the pre-
siding officer and secretary of the meet
ing shall be filed in the office OF the
Secretary of State, together with hst
of the names and residences OF tue u
rectCrs and officers, certlhed 10 u! inc
president and secretary of the corpora
ton and if the Secretary of state De
satisfied Herewith and shall issue Ger
tifcate of proper compliance nere"ltni
the CORPORATION shall stand dlsSolNed' anu
the board shall publish a notice OF Salu
dissolution not less than three times III
a paper published in the Parish OIL Or
leans, and the corporation snail proceed
TO wind up and adjust its aitalrs' pro-
yided that whenever all stockholders con
sent in writing to dissolution, no meet
ing shall be necessary, but on ming Such
consent in the office of the Secretary OF
State and the Secretary of State issues
his certificate to that erect, tne cor tho
alton shall kind up its affairs in the
same manner as if voted upon as mere
inbefore provided.
I-pon the dissolution of this corpora
ton, the stockholders shall elect from
their number two Hquidators, VINO shali
furnish bond if required by % per cent
of it's stockholders, with full power 10
bo affairs, collect
the outstanding debts, sell and convey
the property, pay its debts and clVlue
the remainder, if any, among the STOCK
holders. They may meet ana ACT an - nl
the bylaws of the corporation ana I'M
der regulations to be made by them ;
they shall have the right power ana au-
thority to sue for and recover the uepts
and property of the corporation III inc
name of the corporation, and may pc
sued by the same name, and citation may
be served upon any one of them, anu
they shall be liable in solido to any
creditors or stockholders for moneys Oh
the corporation coming into their hahus'
Said liquidators may be compelled 10
qualify as judicial llquidators upon ap
plication to the court of any credNor OF
stakeholder, and liquidate its affairs I'M
der orders of court.
Article VIII-No stakeholder OF TINS
CORPORATION shall ever be liable or respoh-
sible for the contracts, faults or deDtS
| the corporation Ut any VI 10
tors or officers nor shall any informally
in organization have the effect of rem
dering this charter null, or of exposlhg
. the stakeholder to any liability, beyoh9
the unpaid balance due on shares owned
by them.
Article IX-The subscribers hereto de-
clare that they have subscribed TO the
following number of shares of the capl-
tai stock of this corporation appearing
opposite their respective names hereto
subscribed.
Thus done and passed in my notarlal
office in the City of New Orleans, La
on the day, month and year first above
written, in the presence of Daniel Wend-
ling and Ii. Brown, competent witnesses,
who have signed these present with salu
appearers to gether with me, notary
after due reading of the whole
Names of subscribers omitted.
Ethelred NJ. Stafford, Notary Public
A true copy from the original: Ethel
red NJ Stafford, Notary Public.
l. the undersigned Recorder OF Mort
cages. in and for the parish of orleans
State of Louisiana, do hereby certiiS
that the act of incorporation of the MO
ton Picture Advertising, Inc, was TINS
day duly recorded in my office, IN Dooh
122S, folio 713.
New Orleans, July 80, 1919.
| (Signed) Emile j. Leonard, by. Kec.