The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-22
CHARTERS

made until the foregoing requirements have
been complied with by the person, or per
sons, tlrm or corporation provoking such
foreclosure or sale. The Board of Directors
shall have authority, however, to waive the
above requirements as to any particular hy
Pothecation or pledge of stock, by resolu
ton adopted at a regular called meeting OF
the Board, or a meeting attended by all the
members of the Board of Directors. such
resolution being adopted in advance of the
pledge or hypothecation.
ARTICLE V.-All the powers OF this cor
poration shall be vested in and be exer-
cised by a Board OF not less than three nor
more than five directors, as determined in
advance each year, by the stockholders at
the annual meeting. Each director shall be
bona fide stakeholder, and shall at all
times own one full paid, non-pledged share
of stock The first board of directors shall
consist Of; William Chapman. New Or
leans, La; L. T. Mcdonnell, New Orleans,
La; Charles G. Jamison, New Orleans La
The first officers OF the corporation. with
their post-office addresses are as follows:
William Chapman, who shall be president
and general Manager, 1929 Sycamore ST., New
Orleans, La; L. T. Mcdonnell who shall be
Treasurer 352S St. Charles Ave, New Or
leans, La; Charles G. Jamison, who shall
be Secretary. 1920 Sycamore St. New Or
leans. La. The above board of directors
shall hold Office until the first annual meet
ing in February, 1920, or until their success
sors are elected and qualified. Each sue
cceedlng board shall continue to hold office
tor one year until their successors are
elected and qualified. The persons to be
hereafter elected Directors for subsequent
years shall select from their own number the
officers of the corporation. The Board of
Directors may from time 20 time, and as the
business Of the corporation may dictate com
blne any two of the above offices in one
and the same person. On the second Tues
day OF February of each year. unless the
same should fall on A legal holiday. then
upon the next following lay dav. the stock
holders shall elect Board of Directors for
the ensuing year, the board of directors. as
well as the officers already installed shall
elected and qualified. The election of Di-
rectors shall be by ballot and the persons
receiving the majority of votes cast shall be
declared elected. For electing directors or
tor any other purpose, each share of stock
shall be entitled to vote, but no frac.
tional share of stock shall be entitled TO
vote. a majority of the Directors voting at
any zone time, in person, shall be required
to pass any resolution adopt any bylaws,
and which, when adopted, shall become
valid corporate acts. In case of va.
cancy on the Board or among the Officers
from any cause, the remaining members of
the Board shall have the power to enact such
bylaws, rules and regulations as, in their
opinion, may be necessary and proper for
the management, operation and control of
the business of said corporation
ARTICLE VI.-Notice of all meetings of
stockholders held for the election of direc-
tors, or Tor any other purpose, shall be given
IN writing, by the Secretary, and may be
served personally or deposited in the mail
addressed fifteen O9 days before such meet
ing is held, and directed to each stockholder
at his last known address, as the same shall
appear upon the books of the corporation
unless said notice is waived in writing bv
all of the stockholders appearing upon the
books: AT all meetings of stockholders
majority OF the votes cast shall be sufficient
TO elect and decide all questions voted upon,
except for the alteration, amendment or the
dissolution of the corporation
ARTICLE VII.-This act of Incarnation
may be altered, amended or modified or the
corporation dissolved by vote of two thirds
IN amount OF the capital stock represented at
general meeting of the stockholders called
Tor that purpose, after notice as provided
IN Article vi of this charter; and in case
OF dissolution of the corporation the stock
holders at such meeting shall elect three
Liquidating Commissioners, who shall have
entire charge of such liquidation. with an.
thorlty to sell and dispose of the assets of
Inc corporation, and to fill vacancies occur.
ring in their number
ARTICLE VIII.-No stakeholder shall ever
De held liable or responsible for the con-
tracts or faults of the corporation. in anv
further sum than the unpaid balance due
the corporation on the shares owned bv him.
nor shall any mere informality in ORGANIZE
.Ioh nave the effect OF rendering this Char
ter null, or of exposing stakeholder to
any liability beyond the amount of his un-
paid stock. III
nus done and passed at my office in the
City OF New Orleans, on the day. month and
year frst hereinbefore written, in the pres.
ence OF Burt w. Henry and Frances Eisler.
competent witnesses, who hereunto sign their
names, together with said appearers and me
the Notary, after reading of the whole
witnesses: Burt w. Henry, F. Eisler.
Names of subscribers and amount sinh.
scribed omitted SUI
CHAS. F. FLETCHINGER
Notary Public.
April 21, 1919
A true copy.
CHAS. F. FLETCHINGER.
A.. >, ~ Notary Public.