The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-30
CHARTER.

(slO00OOO dollars, divided INFO one thousand
q 900 shares of the par value OF One Hun
d.ei $4,000 dollars each, and this corpora.
tiol Is = be a going concern when 0.1t-ti
of the capital stock has ben subscribed tor
Each sharet OF said stock shall be entitled to
one % vote, either in person or by proxy
at all general elections or meetings OF the
stockholders.
Should the capital stock of this corporation
ever be increased over the sum OF FIFTY
Thousand (S50,0O0OO) dollars, then such add,
tional shares of stock that may be ISSUED
shall first be offered to the holders OF stock
at the time of issuance at the book value
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 stakeholder shall ever
be held liable or responsible for the in
debtedness, faults defaults OF this cor
poration, nor shall any mere informallty IN
the organization 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 subscription. Should any stakeholder
desire TO sell his stock, he shall first offer
the same TO the stockholders OF the company
at its book value through its board OF direc
tors and the stockholders who desire to pur-
chase shall have the right to purchase the
| same in the proportion to their holdings OF
| stock in the company. Should said stock
holders in fifteen days after the notice hav-
| ing 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 in pursuance OF the
provisions of this charter.
ARTICLE VI.-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
| md al M
its effects, or to hypothecate its property
and to do any and all acts and things OF
any other kind, nature or description as may
be necessary to carry out the objects and
purposes of said business as its interests and
conveniences may require.
ARTICLE VII-The business of this cor
poration shall be directed by and vested
in a board of directors of four members, three
of whom shall constitute a quorum tor the
transaction of business, and the said dlrec
tors as first constituted shall be Edward
Jumonvlle, Henry ]. Jumonville, John L
Diasselliss and George A. Diasselliss, anc
they shall hold office until the first Tues
day in September 1920, and on that day
and on the same day thereafter, elections
shall be held annually for directors at thu
principal office of the corporation. Failure
to hold an election the day specified shall
not dissolve the corporation, but the di
rectors shall hold their respective offices
until an election shall be held after thirty
days notice of the time and place thereo
given to each stakeholder. The annua
election shall be held on the first Tues
day in September, 1920, and thereafter oil
the first Tuesday of September of each sue
J ceeding year, and the election shall be hell
between the hours of ten and twelve a. m
All vacancies on the board of directors 10
whatever cause shall be filled by the re
naming directors.
Edward Jumonvlle shall be the first presi
, dent; Henry ]. Jumonvile shall be the frs
vice president; John L. Diasselliss shall b
, the first second president, and Georg
, A. Dasselliss shall be the first treasurer
and Nicholas Clements shall be the frs
/. secretary, and they shall hold office unit
. the first Tuesday in September, 1920, or unit
: their successors are elected, and each sue
ceeding board of directors shall elect 1t
! principal officers for the term of their cleo
ton and only stockholders shall be eligibl
{ for election as a member of the board c
" directors The secretary need not be
, stakeholder or member of the board of d
rectors and any vacancy in that office sha
;: be filled by the board. Directors may az
, Neither in person by proxy.
\ ARTICLE VIII.-Whenever this corpori
i ton is dissolved, either by limitation or Il