The herald. [volume] (New Orleans, La.) 1905-1953, 1919-07-03
CHARTER

to such place as may by the board of di-
rectors be determined, and to be sent
and shall constitute full and complete no.
tice. Each stakeholder at the annual or
other regular special meetings shall be
entitled to one vote for each share of stock
owned, and the vote Of any stakeholder at
any meeting shall be cast by written proxy.
Should a vacancy occur in the board of
directors same shall be filled by the remain
ing directors by the election for the unex-
pired term of a stakeholder. Failure to elect
directors on the date specified shall not dis
solve the corporation but the directors then
in office shall remain in office until their
successors elected ana qualified.
The board of directors at their first meet,
ing following the annual election shall elect
from their number a president, vlce-presi-
dent, secretary and treasurer The board
| shall have the power to unite two or more
offices and the same to confer upon one
person. The board of directors may elect,
but not necessarily from their number, such
other officers and agents as to them seem,
advisable.
The board of directors is hereby given all
power to carry on the business and affairs
of the corporation, and to make all rules and
| regulations not inconsistent with the terms
of this charter. All ncuces provided for,
whether to stockholders or directors, may be
waived by the written or telegraphic consent
! of the stakeholder or director.
ARTICLE VII-Whenever this corpora
| tion shall be dissolved or hquidated, its
affairs shall be liquidated by three stock
holders elected by the stockholders at a
| meeting called for that purpose. This cor
poraton may be dissolved and liquidated at
| any time by vote of two-thrds OF the out
standing stock voting to that effect. In the
| event OF the death OF any liquidatOr, the sur
vivng liquidators shall have the right to
| elect another to fill the vacancy, but pending
| such election the surviving liquidators shall
| have full right and authority to act in all
| matters.
! ARTICLE VIII.-This act OF Incorporation
! may be modified altered amended In the
manner provided by law, at any meeting of
| the stockholders, whether the same be a
/ regular meeting or a special meeting, after
| previous notice shall have been SENT as
| herepabcve 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 week for two weeks
| in a daily newspaper IN New Orleans, Louis
| lana. Any increase OF decrease OF the capt
| tai stock of this corporation, except as herein
otherwise provided, shall be made in &c
cordance with the laws governing such mat
| tiers.
ARTICLE IX.-No stakeholder shall be liza
Bile or responsible for the acts, omissions oil
| contracts of this corporation, or OF its OF
| ficers, in any sum other than the unpaid
! balance due the shares of stock owned
organization have the effect of rendering
| this charter void, of exposing any stock
holder to any liability in excess of the
amount due his stock.
ARTICLE X.-There is annexed hereto al
accurate, detailed and itemized description
of certain property, being certain property
| formerly owned by the Stewart Land Com
pany and I. b. Davis, and certain othe1
property which is to be conveyed to thu
corporation in payment of subscriptions Il
800 shares OF its capital stock showing tht
amount, location, extent, character and STATE
of improvement OF said property, together will
! statement of the value of said property a
appraised by the directors of this corpora
ton and in order that this charter may
serve also the original subscription list
the subscribers hereto have indicated oppo
site their respective signatures the numbe
of shares of stock subscribed for by eacl
of them.
Thus done and passed at my office, a
New Orleans, Louisiaan, on the day, mont
and year first above written, in the pres
ence of VIM. L. Nugent and p. {. Bucklng
ham, competent witnesses who have hereun
| to subscribed their names, together witt
me, Notary, and said apeparers, after du
reading of the whole.
Original Signed Names of subscriber
omitted
Witnesses: VIM. L. Nugent, P. c. Buck
WATTS X. LEVERICH,
Notary Public.
|, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State o
louisiana. do hereby certify that the abov
and foregoing Act of Incorporation o
Bunch's Bend Co., Inc, was this day dull,
recorded in my office, in Book 1921, Folio
New Orleans, June Oth, 1919.
EMILE J. LEONARD, by r.
A true copy. -
WATTS X LEVERICH,
Notary Public
July 3-August T.