The herald., 1919-04-24
CHARTER

mortgages or notes therefor; 10 lend money
| and to receive therefor mortgages, bonds. OF
any other evidence OF indebtedness; 10 carry
/ on any other business which under the Law
/ It may be entitled 10 carry on Or which may
seem to the corporation l. be calculated d.
Lrectly or Indirectly to etiecluate the alJre-
! said objects, OF either OF them, 10 tIcIlI-
/ tate It IN the transaction OF its aforesaid
/ business, or businesses, OF any part thereof.
! Or in the Transaction OF any other lawful
! business that may be calculated directly or
/ indirectly L. enhance the value OF or to rem
/ der profitable any OF the compauy's proper
/ ties and rights and generally % have and
/ exercise all such powers and privileges As
/ are Incidental or relate 20 the objects and
/ purpose, Hercina1oye set forth, OF AS may
! be necessary, useful or convenient toy ei.
! tectug said objects and purposes.
! ARTICLE IN.-The capital stock Of this
| corporation Is hereby fixed At the sum Of
Three Thousand Dollars (S5,UDoOJ. divided
/ into and represented by SIX hundred tJyJ
/ lars $500 each. SAID stock shall be paid
, for IN cash At such time, IN such amounts,
/ and after such notice t. the subscribers rs
may be fixed by the Board of Directors, and
the same may be issued Al not less taaH par
/ Tor labor done OF property actually received
. by the corporation. This corporation shall
/ become a going concern and hc authorized 90
/ Do business soon as the full amount Of
| its capital stock shall have been subscribed
and paid Tor. The amount ID which the
capital stock OF this corporation may be in
creased shall be the sum OF One Hundred
: Thousand Dollars tSlUmOpD. No stock
! holder shall have the right 10 sell or other
| wise dispose OF any stock OF tins corporation
| without first offering the same IN writing to
| the Board OF Directors OF tins corporation,
| through its President, which board shall
have ten uo) days within which to accept
/ or refuse the offer, but said Board OF Dl-
/ rectOrs shall have the right to purchase any
( stock offered or any part thereof at It's
/ book value irrespective OF what pace may
/ have been offered for SAID stock by any
| one. Should said Board OF Directors fail
| 10 avail itself OF said privilege within said
! period OF time, the said stock may be OF
/ iercd and sold to any other person or per
| sons.
| ARTICLE V.-Au Of the corporate powers
OF tins corporation shall De vested IN and
! exercised by 4 Board OF Directors, composed
Ot five IS stockholders, three 90 OF whom
/ shall constitute quorum SAID Directors
/ shall be elected annually on the IhiTd
/ Tuesday in January Ot each year At a gen
| eral meeting OF the stockholders except the
/ first Board OF Directors appointed IN this
| Charter who shall hold their offices until
the Third Tuesday in January 1920. All
such elections shall be held by ballot and
conducted at the office OF the corporation
under the supervision Of two 81 commls
| sIOners 10 be appointed by the Board OF
| Directors. Notice of such meeting and OF
| all other stockholders meetings shall be
| given III the manner prescribed by law,
and when not so prescribed, then written
notice OF such meetings shall be deposited,
at least fifteen Q5) days prior to the date
| OF such meeting, in the post office OF the
! City OF New Orleans, postage prepaid prop
! erly addressed to each stakeholder at has
/ last known residence or place OF business.
! At all such elections and at all corporate
meetings every stakeholder shall be entitled
| to one vote for each share OF stock standing
/ in his name on the books OF the corporation,
| to be cast by him in person or by his writ
ten proxy, and a majority OF the votes cast
| shall elect. Amy vacancy or vacancies oc-
curing among the Directors by death, res
/ ignation or otherwise, shall be filled by cleo
| ton for the unexpired term by the remain
| ing directors. The failure to elect Direc-
| tors on the day above specified shall not
! dissolve the corporation, nor impair Its cor
porate existence or management, bur the
| Directors then in office shall remain in Of
flee until their successors are elected ana
qualified The Board of Directors shall, an
nually at its first meeting after election,
elect from its own number a President, one
or more Vice Presidents, a Secretary and a
Treasurer. or it may elect one person who
shall be both Secretary and Treasurer. The
Board OF Directors may also elect one or
more assistant Secretaries. neither OF w1om
need be members of the Board or stockhold-
ers in this corporation. The Board OF d.
rectOrs shall have power and authority 10
name and appoint all such other oiilcerS'
agents and employees as may be deemed nee
essarv for the purposes and business OF TINS
| corporation. Said Board shall have power
| and authority to fix the compensation and
define the duties Of every officer and EN-,
plovee and all officers and employees shall
! hold office and employment at the pleasure
of said board.
SAID board may make and establish, as well
as alter and amend, any and all bylaws,
| rules and regulations necessary ana proper
| III its Judgment tor the conduct, support ana
| management OF the business and affairs OF
said corporation. At all meetings OF SAID
Board OF Directors, each Director shall have
the right to appoint from amongst the DlfeG
| tors a proxy to act in his place and stead
| The SAID Board shall have full power and
| authority to borrow money, execute mort
cages, and create liens; TO issue bonds; )
| notes and other obligations, and to secure
| the same by mortgage, pledge or otherwlsei
and generally to do any and all things
! reasonable convenient and necessary tor the
| proper carrying on of the business and al
| fairs of SAID corporation. Said Board may
! issue full paid shares of stock for cash or
| in payment of labor done and performed for
said corporation, or property actually re-
| ceived by sads corporation, upon complying
with the formalities required by law
! ARTICLE NI.-Nheneyer this corporation
shall be dissolved, either by limitation or
| from any other cause, its affairs shall be
| Inundated by two (2) commissioners, TO De
/ appointed from amongst the stockholders at
| a general meeting OF the stockholders CON
vened for such purpose; two-thirds IN amount
| Of the capital stock of said corporation rep
resented at such meeting shall be necessary
| to elect Said commits soners shall remain
! in office until the affairs of said corporation
shall be fully lqudated In case OF the
| death of one or more of the comm ssloners,
| the vacancy or vacancies shall be filled by
! election by the surviving commissioners
! Said commissioners shall hold all powers con
| ferred upon them by law or by the stock
holders at such meeting, if not inconsistent
| with law.
| ARTICLE VII.-No stakeholder shall ever
| be held liable or responsible for the contracts.
| faults or debts of said corporation IN any
| further sum than the unpaid BALANCE, II
| any, due the corporation on the shares OF
| stock owned by him, shall any mere
| informality in organization have the effect
of rendering this Charter null or o! expos
| ing a stakeholder TO any liability beyond
the unpaid balance, if any, remaining due
on his or her stock.
| ARTICLE VIII-Ths Act Of lncorpora-
ton may be changed, modified or amended
or the capital stock of this corporation may
be increased or decreased, said corpo-
ration may be dissolved in the manner now
or hereafter provided by law.
ARTICLE IX.-The following shall constr
tute the first Board of Directors OF this
corporation: Mike NJ Moss, $50 Union
Street, New Orleans, La; w. Irving Moss,
$50 Union Street, New Orleans, La, Vice
| s. Huey, $50 Union Street, New Orleans,
La; Edward Kory, $50 Union Street, New
Orleans, La, and Mike NJ. Moss, $50 Union
Street, New Orleans, La, shall be President;
w. Irving Moss, $50 Union Street New Or
| leans, La, Vice-President; Arthur s. Huey,
$50 Union Street, Ne wOrleans, La, Vice
President; Edward Kory, $50 Union Street