The herald., 1919-05-29
CHARTER.

pany shall not engage n the business Of
stock jobbng.
ARTICLE IV.-The corporate stock Of
of Five Thousand Dollars ($5OO0OO), divided
into and represented by fifty (5O) shares Of
| par value of One Hundred Dollars (Sl00.00)
each. The capital stock may be increased
up to the sum OF Five Hundred Thousand
Dollars (S5OOOOOOO.
ARTICLE V.-This corporation shall be
come a going concern and shall be author
| lied to commence business as soon as Five
Thousand Dollars (S5O0.00) of its capital
stock shall have been paid for, either in
cash of its equivalent, provided by law.
All certificates of stock issued by this Com
pany shall be signed by the President, OF
by the Vice-Presdent of the Company, and
| countersi gned by the Secretary OF the Com
pany. The stock OF this corporation can be
| transferred only on the books of the corpora
tioI: subject to such rules and regulations as
may be by the Board Of Directors from time
| TO time prescribed
ARTICLE VI-An corporate powers OF
this corporation shall be vested in and ex-
| ercised by a Board Of Directors composed
| Of not less than three 90 and not more than
seven % stockholders A majority OF the
| Directors shall constitute quorum for the
transaction OF business. Said Directors may
vote in person or by proxy, written or tele-
graphed, at any and all meetings of direc-
tors, regular or special. The Board of Di-
1 IeClOrS S0dll DC eleCteQ annually on the 1lTSt
Monday of April of each year after date
| hereof the first election to be held in 1920.
The first Board of Directors shall! be com
posed Of four az Directors, as follows: Mr..
New Orleans, La; Mr.. Charles W. Hogan,
2l22 Lowerline St. New Orleans, La; Mr..
Clarence H, colsn', 4'o7 CarTollton
ing Moore, sl4 Walnut ST, New Or
| leans. La; with Mr.. lowering Moore as
President, Mr.. Adolph Spitzfaden. Jr, Vice.
President, and Mr.. Clarence H. Colgin, Sec
! rotary Treasurer. The aforesaid Directors
shall hold their office until the first Monday
of April, 1920. or until successors are elected
and qualified.
All elections Of directors shall be by bal
lot at the office of the corporation, under
the supervision of the Board of Directors
under such rules and regulations the
Board of Directors may from time TO time
promulgate. Notice of meetings OF stock
holders, regular special except as other
wise herein provided or except as otherwise
required by law, shall consist of notice sent
in writing to each stakeholder at his last
known address. as it appears on the books
Of the corporation, fifteen days prior to the
date of the meeting. In case of failure OF
any stakeholder to designate an address,
his notice shall be addressed IN his name,
care of General Delivery, New Orleans,
Louisiana. Each stakeholder at the annual
or other regular or special meeting shall be
entitled to one vote for each share of stock
owned by him, and the vote of any stock
holder at any meeting may be cast by writ
ten proxy. Should a vacancy occur in the
Board of Directors same shall be filled by
the remaining directors by the election, for
the unexpired term, of stakeholder having
the qualifications provided by the charter
and bylaws. Failure to elect directors on
the date specified shall not dissolve the cor
poration but the directors shall remain in
office until their successors are elected and
qualified.
The Board of Directors at their first meet
ing following the annual election shall elect
from their number President Vice-Presi-
dent and Secretary.Treasurer. The Board
shall have the power to unite two or more
offices and the same to confer upon per
son. The Board of Directors may elect, bu.
mob necessarily from their number, such Of
ficers and agents as to them seem advisable.
All notice provided for, whether to stock
waived by the written or telegraphic consent
of the stakeholder or director.
ARTICLE VII.-Whenever this corpora
ton shall be dissolved or liquidated, its
holders, elected by the stockholders at
meeting called for that purpose. This cor
poration may be liquidated at any time on
vote of two-thirds of the outstanding
stock voting to that effect In the event
of the death OF any liquidator, the surviving
liquidator shall have the right to elect an
other, but pending such election the surviv-
ing liquidators shall have full right and au-
thorlty TO act IN all matters.
ARTICLE VIII.-This act of incorporation
may be modified, altered or amended in the
manner provided by law at any meeting of
stockholders, whether the same be regu-
lar meeting or special meeting after pre-
vious notice shall have been sent as here
inabove provided (unless the same shall
have been waived, to the last known ad-
dress of each stakeholder at least fifteen
days prior to the meeting and after publ
cation at least once a week for two weeks
in dar1x OIL
lana. Any increase or decrease of the CAPT |
tai stock of this corporation, except as here |
in otherwise provided, shall be made in ac- |
cordance with the law governing such mat |
tiers.
ARTICLE IX.-No stakeholder shall be
liable or responsible for the acts, omissions,
or contracts of the corporation or of its Of
iicers in any sum other than she unpaid
balance due on the shares of stock owned
by him, nor shall any mere informaity in
organization have the effect of rendering
this charter void or of exposing any stock.
holder to any liability in excess of the
amount due on his stock; and in order that
this charter may serve as the original sub
scription list, the subscribers hereto have
indicated opposite their respective sigma
lures the number of shares of stock sub.
scribed for by each of them.
Thus done and passed in my office, in the
City OF New Orleans, Louisiana, in the pres
ence OF Walter ]. Sutton, Jr., and Laurence
Ruei, competent witnesses, residing in this
city, who have hereunto signed their names
with said appearers and me, Notary, after
due reading of the whole
Ruel.
Names of subscribers omitted.
New Orleans, La, April p, 1919.
WATTS X. LEVERICH,
Notary Public
1, the undersigned, Recorder of Mortgages |
in and for the Parish of Orleans, State OF
louisiana. do hereby certify that the Act of |
Incorporation of the Collection Company, Inc, |
was this day duly recorded in my office, in |
Book 1923, Folio -.
EMILE J. LEONARD, by. R.
A true copy. |
WATTS K LEvERICH,
Apr. 24-May g. Notary Public
AMENDMENT TO THE CHARTER OF THE
FRANK WAITER REAL ESTATE
AND INVESTMENT