The herald. [volume] (New Orleans, La.) 1905-1953, 1919-02-13
CHARTER

NA-hAN ~-NN
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issued by the Company slaL De signed by
the President and countersigned by the Vice
President, or II authorized by resolution OF
the Board OF Directors shall be signed by
the President and countefSigned by Inc
Secretary Treasurer. The stock ot TINS coy
PoratIon can be transferred only on tie
| books OF the corporation and Subject - SacA
regulations and iormaliues as may DC by
| the Board OF Directors from the 70 TINE
| prescribed No stocNlo'leT SAai De per
mltted 10 sell or otherwise dispose OF ms
| stock without liTSt vlerHS l1e SANG ]"
writing T. tht otAeE s'otN.lo-ueI7 through inc
| Board OF directors At prlce not oNTeTl'as
| the book value thereof ana the stocNho.derN
shall have an option and firet TisAt 10 par
| chase an the sIareS o. STOCK % 1e t"us us
| posed u Dy safe or ny the DEATH feSiSua-
ton or otherwise OF any 81 tAe s5ockno'u-
e[s 81 me ro'Pi1as''H, a, .,; S''tL, naNT d
PERIOD OF ten days IN WAfn % acCeP' or
| decline Sucn otter d STOCK. SA'IIa the
Board OF Directors or tAe stockn'l4eFs De
| cline 10 purchase me said Stock theh me
| HtecNAoIuer OF st'cNHo-uefH Hlp iH"ut me
| oltet 70 sen OF o'nerNl>S dispose OF ms
| stock may sell or otaerWlSe dispose OF Il
| IN any manner and at any price that ne Or
| tieE may see IT. h"' edC.! smart 81 s'y0N
| IS issued under me conliuon ana under-
| Standing tlat no stpckho!utr SAa!i MAKE a
| sale OF transfer OF MS S''cH III Niold'ion OF
tn'S PROVISION ana SucA sac or transfer, II
made ShaIl De Vold ana ms company ShdII
| be under no opiSatioh 10 i't saLd STOCK on
| ITS books or - regard the holder Of the GER
| ti1iGate thsre2i;
| AKllCLE NI'-lae corporate powers Of
| TINS corporation ShaII De vested II ana eN-
! creased by, Board OF Directors composed OF
| three StockhoueFs. t"o d whom SAa!! con
| Sutute a quorum Tor the transaction OF Du9l'
ness Ihe directors OF TINS corporation may
| vote IN person or by written proxy at any
OF the meetings OF the Board Of Directors;
and the Board OF Directors may delegate any
OF Its powers 10 any officer OF OFFICERS or
| any other representative of me company by
| appropriate resolution to that effect. Inc
! tirst Board OF Directors Of TINS corporation
snail be composed OF the following: ALVIN
+: Johnson August hraemtr, Joseph Lee
! Rhodes, all residents IN the City OF New Or.
| leans, State OF Louisiana, and they SHAH
| be the officers OF the company as follows:
Alvin +. Johnson, president; August hrae-
| mer, Nlce-PreSldent; Joseph Lee Khodes'
Secretary Treasure. and they shall serve
1920, or until their Successors are elected and
| qualified. The Directors shall be elected
annually by the stockholders at a meeting
held on the second Wednesday IN January
IN each year thereafter. Notice OF such meet
ing shall be given ten days prior to the date
OF tie meeting, in writing and sent to each
| stakeholder at his last known address Zach
| stakeholder shall at such annual meeting or
other eetiggs general or special, be EMIT
| led IN person or by proxy to one vote for
| each share OF stock owned by him. Elec-
tons shall be held under such rules and
| regulations as may from time to time be
determined by the Board OF Directors. The
Directors when elected shall hold office for
one year or until their successors shall have
been elected and qualified and failure to
hold the annual meeting OF stockholders or
| to elect annually the Directors shall not
| onerate the forfeiture, OF this charter or any
rights hereunder.
| Arr lCLE Nlll.-Ihis charter or act of in
corporation may be changed, modified, alter.
ed or amended by and with the consen' o.:
| two-t thirds OF all the stock present AT any
meeting. general or special. held for that pur-
pose; and such amendments may be mater
iai or immaterial subject only to limitations
as riay be by law provided; and this cor
| Poration shall have the power to increase a.
decrease its capital stock as herein6efore
set out and any increase IN capital stock in
excess OF the amount named herein as the
amount to which 1t may be increased, may
be made by three-tourths vote OF all out
| standing stock.
ARTICLE IN.-Notice of any and all
meetings referred TO in this charter or re-
CURED by law, shall be given IN the man
ner provided for, giving notices in case OF
elections, unless the same shall have been
waived
| AkllCLE Mn case OF dissolution, Ii
quidatlon or termination OF this charter, by
limitation or otherwise, the affairs OF the
corporation shall be liquidated by one or
more liquidators elected by the stockholders,
who may provide tie number of said liqui-
dators. and vest them with such power and
authority as may by law be permitted; fix
the terms and conditions upon which they
shall serve, and their compensation, and
provide that in case of death or disability
OF any one OF SAID llquldators, the remain
ing liquidators may fill the vacancy or
continue to act on behalf OF the corporation.
| AkllCLE Al.-No stakeholder shall be
liable or responsible for any costs, con-
tracts debts or faults OF the corporation, or
OF any OF ITS officers, nor shall any mere
intormality in organization have the effect
OF rendering tins charter null and void. or
OF exposing any stockholders to-any la
bllity beyond the unpaid balance due on the
stock held by hlm.
ARTICLE All.-l2le subscribers hereto
have written opposite their names, the num-
Der OF shares subscribed by each OF them,
and their post office addresses, 50 that this
oharter may serve as the subscription list OF
payable in the manner and form set out
herein.
Thus done and passed at my office, in the
City of New Orleans, State of Louisiana. on
the day, month and year herein first above
written, in the presence of Morris B. Red
| nd pa,,I