The herald., 1919-09-11
CHARTER.

CORPORATION at such hour as may be fixed by
the incumbent Board of Directors and under
the supervision of two commissioners ap-
pointed by the same. At such election each
stakeholder shall be entitled to one vote
Tor each share Of the capital stock held by
him, and the persons receiving the highest
number OF votes cast at SAID election ShaiI
be declared elected and the Board OF Dr.
rectors thus elected shall meet and organize
as soon after said election as possible. A
majority OF the whole Board shall constr
tute a quorum, and Directors absent or un-
abeto attend may authorize Directors pres,
ent to represent them by written proxy filed
with the Secretary and with all the powers
such absentees could exercise if present in
person.
All routine business matters shall be de
cided by the majority vote of the quorum
present at such meeting, nOtwl thStandIng
anything in this charter or the law to the
contrary, but any matter or thing affecting
the general policy, property or corporate
rights Of the corporation shall be adopted
only by the vote OF the majority OF stock
held by the individual members OF the whole
Board of Directors, and proper minute en-
tries shall be made TO show these facts. At
its first meeting after election or as soon
thereafter as practicable, the Board OF Dl-
rectorS shall elect a president, and one OF
more vice residents and a secretary and
treasurer, these last named Officers need not
be stockholders and the two Offices may be
Directors
The Board OF Directors may establish by
laws. rules and regulations for the govern
ncut Of the corporation, and may also create
committees for the management Of the sew
eral departments OF its business including an
Executive Committee OF not less than three
members of the Board, which Committee
shall be empowered to exercise all the func-
ti0ns OF the Board Of Directors during the
recess OF said Board, save those herein re.
served for the full Board. The Board OF
Directors shall fill vacancies occurring III
this body during the term thereof. Meetings
of the Board OF Directors may be held at
such times as shall be set by the Board
itself, or at the call OF the president and al
the request OF any two stockholders.
ARTICLE VI-This Charter may be
amended and the capital stock increased or
decreased with the consent OF two thirds OF
all OF its stock expressed at a meeting called
FOR that purpose or in any other way per
mitted By law.
ARTICLE VII-This corporation may be
dissolved with the consent OF two-thrdS 81
the issued and outstanding capital stock
expires sed at a meeting called for that puT-
pose, or in any way permitted by law. Upon
the dissolution OF the corporation by lImIta
ton or otherwise, the stockholders shall elect
from arlong their number or more Ii
quidatOrs, and fix the terms, conditions and
well as the compensation OF the liquldators.
ARTICLE VIII-No stakeholder shall ever
be held liable or responsible for the con
tracts nr faults of this corporation in any
further sum than the unpaid balance due
this corporation on the shares owned by
him. nor shall any mere informalty in the
organization have the effect OF rendering
holder to any liability beyond any unpaid
balance.
ARTICLE IN.-Wherever notice 81 re-
CURED by law or by this charter the SANG
may be given in writing delivered in per
son or sent to the last known address ,as Is
prescribed in Article V of this charter. and
twent y-four hours will be sufficient for all
purposes except where otherwise prescribed
by law. Any and all notices required by law
or by this charter may be waived by I'M
animous consent OF the Board OF Directors
or the stockholders as the case may be, and
such waiver shall be entered on the minutes
of the meeting to whcih they apply.
Thus done and passed. in my notarial of
flee, III the City of New Orleans, on the
date aforesaid, in the presence of l.. p. Du-
Bose and d. Griffin, competent witnesses,
who have hereunto signed their names, with
the said parties, and they have set out their
addresses and the number of shares held by
them, and me, Notary, after reading of the
whole.
Witnesses: L. P. DuBose, D. Griffin.
Original Signed D: ". Johnston. 20
shares; A. ]. Higgins. New Orleans, La, 20
shares; VIM. NJ. Cady, McNary, La, IS
shares, by A. J. Higgins; II: o. Cook. New
Orleans, La, % shares; Robert r. Brown,
New Orleans. La, 10 shares; A. Mich, Beau
mont Texas, by r. X. Brown, 20 shares
HENRY =. DART, JR..
Notary Public.
/ hereby certify the above and foregoing
to be true and correct copy of the original
act file in my notarial records.
HENRY p. DART. JR.,
Notary Public.
], 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
Great Northern Gravel and Sand Company,
Inc, was this day duly recorded in my Of
| flee, in Book 1921, Folio 2l9
New Orleans, La, August %, 1919
(Signed) EMILE J. LEONARD. by. R.
Sept. Acct g.
AMENDMENT TO CHARTER OF STREAM