The herald., 1919-06-19
CHARTERS.

that the owner, his widow, heirs, or legal
representative, as the case may be' snail
not be obliged to deliver said stock unless
the offer to purchase the same shall include
and cover the entirety of the offerings under
paragraph /, or all of the holdings under
paragraph z
90 All certificates of stock shall bear
upon their face a brief reference TO the
rights herein established IN the FAVOR OF
the stockholders.
ARTICLE V.-All the corporate powers OF
this corporation and the management and con-
troll of its affairs, shall be vested in and e%
ercised by Board of Directors composed OF
three stockholders, a majority OF when shaIi
constitute a quorum for the transaction OF
ali business The Directors shall be elected
annually by the stockholders, at meeting
to be held on the first Monday after the
| first Sunday of each year in the month OF
January, said meeting TO be preceded by
| three days written notice to the stockhold-
ers Each stakeholder shall be entitled IN
person or by proxy, to vote Tor every snare
| owned by him, and all elections shall be
| held under such rules and regulations as
NAV be determined by the Board OF Dlrec-
tors AT such meetings, all questions other
than mere routine, shall be decided by ma,
| iority of the shares of the stock represented
at said meeting The Directors, when
elected, shall continue in office for one
year, and until their successors have been
duly elected and have qualified No tan,
ure to elect shall operate the forfeiture OF
this charter. Any vacancy occurring on
this Board shall be filled by the remaining
Directors for the unexpired term lae
Board of Directors shall at its first meet
ing after its election, select out of its num-
Der. president and one or more vice -presi-
dents. and a manager, and shall also eject
a Secretary Treasurer, who need not, now
ever be a member of the Board. The presi-
dent shall have the right TO appoint and dis
miss the clerks, and the other employees OF
| said corporation az pleasure, and as the
interest and business of the same may de-
mand. He may exercise this authority by
: proxy ANY Director being sick or absent, OF
| about to absent himself, shall have the right
to appoint by written instrument, another
: Director or stakeholder to act as his proxy
! in hrs stead, at any and all meetings If the
D said Board of Directors, during such absence
Immediately after the signing of this char
| ter, the stockholders shall without furthe'
r formality elect the Board of Directors, whc
J., shall serve until the election to be held U
1919 The first Board of Directors shall
t consist of the three incorporators of the com
e pany, namely: Ernest Lee Jahncke, No
: S14 Howard Ave, New Orleans, 249S shares
4 Paul F. Jahncke, No Sl4 Howard Ave. New
S Orleans ! share; Walter F: Jahn S No 81
ARTICLE VI.-The funds of this corpora
: ton shall be deposited from time to time
: in bank or banks to be selected by thu
Board of Directors. All checks, notes, o
: other instruments drawn, executed or issued
: in the corporations name and behalf shall
t he counter-signed by the Secretary Treasurer
S No officer shall thus sign or endorse TIL
: name of the corporation, save strictly Ii
:, its concern.
ARTICLE VII.-No stakeholder shall
: be held liable or responsible for con
d tracts, faults or debts OF the cor
n poration, nor shall any mere infor
l., malty in its organization have the ettec
r of rendering charter null, nor of exposin
n any stakeholder to liability beyond the ur
,, paid balance due the shares owned b
g him.
J. ARTICLE VIII.-This act of incorporate
If may be changed, modified, or altered, or thu
J. corporation may be dissolved, with the a:
S, sent of the stockholders owning three fourth
S, of all of the stock OF this corporation, at
ii general meeting convened for that purpos
n and after at least three days written motto
IS of this meeting shall have been give
Of through mail, addressed to each stockholdt
G. at his last known place of residence. /
L. case of dissolution by the expiration OF tn
er charter, or otherwise, the stockholders sha
" elect a liquidator from among their ow
IL number who shall have full authority to sc
n tie and wind up the business and affairs
i'd the company. The terms and conditions G
Ks and the compensation for such services sha
S, be fixed at the time of election. In ca
of of the death or disability of said commi
e, sioner or liquidator before the liquidation
to the affairs of the corporation, the success
IS, to fill the vacancy may be appointed by 4
re stockholders.
of ARTICLE IX.-Any and all notices al
by the law, may be waived by the unanimo
he consent of the stockholders
nc ARTICLE ,X.-This corporation shall be
50 going concern as soon as Twenty-Five hr1
no bred shares shall have been subscribed.
y. Thus done and passed in my office on I
day, month and year first above write
=. in the presence of Louis ]. Gelpi and Be
rs jamin w. Dart, competent witnesses W
=, have signed with the appearers and me,
us tary, after reading of the whole.
We Witnesses: Louis J. Gelpi, Benjamin
m Dart.
I'D Original Signed Ernest Lee Jahncke,
y; Walter F. Jahncke; Paul F. Jahncke,
ed Walter F. Jahncke; Walter F. Jahncke.
az; HENRY P. DART, JR.,
M M Notary Public
de I, the undersigned Recorder of Mortgag
III in and for the Parish of Orleans, State
he Louisiana, do hereby certify that the abe
All and foregoing Act of Incorporation of
,on Jahncke Dry Dock and Ship Repair Co, In
nd was this day recorded in my office in Be
hts 1928, Folio 135.
I'd New Orleans. March II. 1919
he (Signed EMILE ]. LEONARD, by.
IL. A true copy.
res Notary Public
hd May q to June 26, inc.