The herald., 1919-03-27
CHARTERS.

fically expressed; and this corporation shall
have power and authority to conduct any
and all business either Tor its own account
or as the agent or representative OF others
on commission, brokerage, or other basis OF
compensation. The President, or in case OF
his inability to act. one of the Nlce-Presl-
dents Of the company shall be the proper per-
SON upon whom citations or other legal pro-
cess shall be served.
ARTICLE III.-The capital stock Of this
corporation is hereby fixed at the sum OF
Two hundred and fifty thousand ($250,oool
Dollars divided into twenty-five hundred
(25OW shares Of the par value OF One Hun,
dred (Sl00OO Dollars each which stock shalI
Of the issuance.
No present or future stockholders shall ever
validity sell assign or transfer. other than
by inheritance, any Of the capitai STOCK OF
this corporation until the same shall nave
been first Offered to the remaining stock
holders for the benefit OF those stockholders
who NAV desire to purchase the same through
the Board Of Directors. for the period OF ten
DAVIS at the book value Of such stock, as
shown by the books OF this corporation on
the 3lst dav OF May. last preceding the
date OF such offer. 1t shall be the duty OF
the Board Of Directors promptly. upon re-
ceiving an offer Of sale OF any OF the STOCK
Of this corporation 70 communicate the SANG
to the stockholders in writing: through tle
Secretary Of the Company. and each OF the
Stockholders shall he entitled to purchase
such proportion Of the stock 50 offered Tor
sale as the number OF shares owned py MIN
! IT the time bears to the number OF shares
ou.,ed nv all other stockholders desiring 10
| participate in the purchase. No sale uhuer
! f,rerIosure attachment o. other process OF
! nv virtue Of any power Or attorney, pieuse..
| of hvnotlecation shall be validly made OF
any Of the stock 81 this corporation uhuI
! the foregoing requirements nave oeen COM
! nIied with BY the person or persons, tirm OF
| r7-nora+in, Drovokirg such foreclosure OF
| sale The Board Of Directors shall nave au-
| +horitv however. to waive the above require
| nents as 10 any partIular hypothecaioh o.
| pledge Of stock, by resolution adPp,eu a. "
| regular called meeting OF the Board or u
-ectors. such resolution being adopted !"
| ADVANCE Of the pledge or hypothecations.
ARTICLE IV.LThe business and affair,
Of this corporation shall be managed ana
conducted by a board Of directors to oe
composed of not less than three nor more
| tban seven stockholders ,as may be deter
minded at each annual meeting for the en-
suing year such directors TO be elected by
ballot at the annual meeting OF Stockholders
on the first day OF june OF each year. IN,
less the same be a legal holiday, when the
annual meeting shall be held on the Mex
business day thereafter. Immediately after
each annual meeting teh Board Of Directors
shall proceed to elect from thir own nunoei
a president, or more Vice Presidents ana
a Secretary-Trea surer. and shall elect OF
appoint such other officers and employees as
nav be necessary in their judgment for the
proper conduct Of the business OF the cor.
! poration; they shall fix the salaries OF an
! officers and employees, and shall have the
I right TO dismiss them at pleasure. All OF
| the corporate powers o fthis corporation shall
/ be vested in and exercised by the said Board
| of Directors. They shall have full power 70
! fill all vacancies in their number arisin9
( from any cause. A majority OF the ooard
! shall constitute 4 quorum for the transaction
I,f aud Notices
! holders meetings shall he given not less
than fifteen days in advance thereof IN
writing. addressed and mailed 70 each stock
holder at his last known address. Each
holders in person, or by proxy, and s1a.I
he entitled II one vote. The Board OF Di-
rectors NAV adopt such by laws for the gov
I eminent Of the corporation as may seem u
them advisable, and may amend or cancel the
same ut will. At all directors meetings the
directors may vote by proxy as effectually
and validity as though present and acting II
person.
That in all other respects the said original
charter is to remain in force and effect as
heretofore adopted. all as will more fully
appear by reference - the proceedings had
Of the stockholders aforesaid, daily certified
copy Of the minutes thereof being attached
20 and made a part hereof. Said appearer'
further declared that, as will appear iron
the aforesaid minutes d lile meeting U ety~H
holders Of said corporation. they were an
thorized, empowered and directed to appea,
before Notary Public for the purpose o
executing in authentic form the amendment
Of the said Articles One o.. Two ~, Three
(O and Four a. Of said charter. any they
do now.appear before me, said Notary, 70
the purpose Of carrying ont and giving effec
to the resolutions adopted by the stock
holders. amending the charter Of said cor
, poration in the particulars herenabove men
an
amendment to be recorded and published a
| required by law. 70 serve and avail as tn
future may or shall hereafter require.
Thus done and passed at my office i
the City OF New Orleans. on the day, nontl
, and year first hereinbefore written, in tn
presence Of Messrs. John D. Miller, an'
Francis Eisler. competen5 witnesses. VIII
, hereunto sign their names. together with th'
said appearers and me, Notary, after du
reading Of the whole.