The herald. [volume] (New Orleans, La.) 1905-1953, 1919-06-12
CHARTERS. =

Cf1An
that the owner, his widow, heirs, or legal
representative, as the case may be, shall
not be obliged TO deliver said stock unless
the offer TO purchase the shall include
and cover the entirety OF the offerings under
paragraph /, or all of the holdings under
paragraph ?.
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 eX.
ercised by a Board of Directors composed OF
three stockholders, majority of which shall
constitute a quorum for the transaction OF
all business. The Directors shall be elected
annually by the stockholders, at a 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 share
owned by him, and all elections shall be
held under such rules and regulations as
may be determined by the Board of Direc-
tors. At such meetings, all questions other
than mere routine, shall be decided by a ma.
jority 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 fail
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. The
Board of Directors shall at its first meet
ing after its election, select out Of its num-
b"r a president and one or more vIce-presl-
dents. and a manager, and shall also elect
a Secretary Treasurer, who need not, how
ever, be a member Of the Board. The presi-
dent shall have the right 10 appoint and dis
Il. IL IS
SAID corporation at pleasure, and the
interest and business OF the same may de-
mand. He may exercise this authority by
proxy. Any Director being sick absent, or
about to absent himself, shall have the right
to appoint by written instrument, another
Director or stakeholder to act as his proxy
in HIS stead. at any and all meetings # the
said BOARD Of Directors, during such absence
Immediately after the signing of this char
ter, the stockholders shall without further
formality elect the Board of Directors, who
shall serve until the election to be held in
1919 The first Board of Directors shall
consist of the three inCorporators of the com
pany, namely: Ernest Lee Jahncke. No
Paul F. Jahncke, No. Sr Howard Ave. New
Orleans. / share; Walter F. Jahncke. No. Sl4
Howard Ave, New Orleans, / share.
ARTICLE VI.-The funds of this corpora
in a bank or banks TO be selected by the
Board of Directors. All checks, notes, or
other instruments drawn, executed or issued
in the corporations name and behalf shall
be counter-signed by the Secretary Treasurer
No officer shall thus sign or endorse the
name of the corporation, save strictly in
its concern.
ARTICLE Vino stakeholder shall
be held liable or responsible for con-
tracts, faults or debts of the cor
poration, nor shall any mere infor-
mality in its organization have the effect
of rendering charter null, of exposing
any stakeholder to liability beyond the I'M
paid balance due on the shares owned by
him.
ARTICLE VIII.-This act of incorporation
may be changed, modified, altered, or this
corporation may be dissolved. with the as
sent of the stockholders owning three-fourths
of all of the stock OF this corporation, at a
general meeting convened for that purpose,
and after at least three days written notice
of this meeting shall have been given
through mail, addressed to each stakeholder
at his last known place of residence. In
case of dissolution by the expiration of this
charter, or otherwise, the stockholders shall
elect liquidator from among their own
number, who shall have full authority to set
tie and wind up the business and affairs of
the company. The terms and conditions of,
and the compensation for such services shall
be fixed at the time of election. In case
of the death or disability of said commits
sioner or liquidator before the liquidation of
the affairs of the corporation, the successor
| TO fill the vacancy may be appointed by the
stockholders.
ARTICLE IX.-Any and all notices and
delays provided for by this charter, by
the law, may be waived by the unanimous
consent of the stockholders.
| ARTICLE X.-This corporation shall be a
going concern as Twenty-Five hun
bred shares shall have been subscribed.
| Thus done and passed in my office on the
| day, month and year first above written
in the presence of Louis ]. Gelpi and Ben
| jamin w. Dart, competent witnesses who
have signed with the appearers and me, No
| tary, after reading of the whole.
Witnesses: Louis ]. Gelpi, Benjamin w.
| Dart.
Original Signed Ernest Lee Jahrcke, by
| Walter F. Jahncke; Paul F. Jahncke, by
Walter F. Jahncke; Walter F. Jahncke.
HENRY P. DART, yR,
Notary Public,
| I, the undersigned. Recorder of Mortgages
in and for the Parish of Orleans, State OF
Louisiana, do hereby certify that the above
and foregoing Act of Incorporation of the
! Jahncke Dry Dock and Ship Repair Co., Inc
was this day recorded in my office in Book
| 1928. Folio 135.
New Orleans. March IL. 1919
(Signe0 EMILE ]. LEONARD, by. r.
A true copy.
HENRY P. DART, JR.,
| Notary Public
Nav D IN Tuue N inc