The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-24
CHARTERS.

lst, 1920 in such amounts from time to time
and in such manner the Board OF Direc-
tors may determine, by paying to the re-
spective holders of the stock So retired. Or
| by depOStlng TO the order OF said holders
at the office OF this corporation, or
sums equal TO the par value OF the preferred
stock 50 retired plus five per cent OF the
value thereof, together with all accumulated
and unpaid dividends thereon, if any. IN
| case OF such deposit written notice thereof
| shall forthwith be given to the respective
| holders OF the stock 50 retired, redeemed,
| purchased or cancelled, by mailing such
notice to such holders at their last known
! place OF business or residence, and #
/ shown by the corporate records.
ARTICLE N.-No stakeholder shall ever
be held personally liable for the faults or
! contracts Of this corporation in any fur
Their sum than the unpaid balance due 10
| the corporation on the shares Of stock owned
or subscribed for by him. shall any
mere iniormality in this act of Incorporation
! have the effect Of rendering It null, or Of
! exposing any stakeholder to any personal
| liability beyond the unpaid balance due Tor
| his stock.
| ARTICLE Wall the corporate powers Of
| this corporation. not reserved by law to the
| stockholders. shall he vested in and cNcr-
| ciSed by a Board OF Directors to be COM
| posed OF not less than three nor more than
five stockholders holding common stock; a
| majority OF said directors shall constitute a
| BUSINESS.
! shall be elected annually by ballot by the
/ holders OF the common stock. at meeting
| convened for that purpose after fifteen days
| written notice 20 each stakeholder mailed
| to his last address shown on the books of
! the corporation. The preferred stock shall
/ have no voting power.
The directors at their first meeting and at
each annual meeting thereafter shall elect
| from their number a President. Vice Presi-
! dent, a Secretary and Treasurer, which
| Inst ,,t.I 81 L.,
| combined al the pleasure OF the Board. The
| annual meeting for the election of directors
shall be held on the third Tuesday in
| March of each year and until the meeting
to be held in 1920 the following shall serve
! as directors OF this corporation, tO-wit:
= Charles W. Rcgger. who's" Post Office ad-
dress is No. 1887 Canal St, New Orleans La;
! Herbert W. Naguespack, whose Post Office
! address Is Nhtuey-t entral National Bank
! Bldg, New Orleans. La: James {. Meme
fee, whose Post Office address is 400 WeiS
| Building. New Orleans. La. !. l.. Warren
| Woodvllle. whose Post Office address is 1917
Maison Blanche Building, New Orleans. La;
| William T. Coats, whose Post Office address,
! IS New Orleans, La. The failure To elect
| directors hold the annual meeting shall
not dissolve effect the corporation. nor
impair its management in any respect, but
! the directors in office shall remain in office
until their successors are elected and quail
| ned. Any vacancies occurring on said Board
| shall be filled from the other stockhplder,
of common stock for the unexpred term by
| the remaining directors.
| ARTICLE NIl.-This act Of Incorporation
may be modified. changed or altered bv the
vote of two-thrds of the stock Of this cor
| pOratlOn at a meeting OF the stockholders
| duly called for that purpose. provided. how
ever, that the objects and purposes of in
! corporation shall not be changed and the
capital stock shall not be increased to more
than the maximum herein provided for nor
| decreased to an amount less than the cor
| porate Indebtedness. change in objects
| and purposes may. however. be voted by all
| common stock heretofore issued and an in
crease OF. the capital stock in excess of the
amount herein named the sum TO which
| the capital may be increased. may be made
| by three-fourths Of its outstanding stock.
ARTICLE NllI-Whenever this corporation
| is dissolved. by liquidation or otherwise, its
affairs shall be liquidated by two commits
sioners elected from among the holders OF
common stock at general meeting OF the
stockholders OF said common stock convened
for that purpose. after ten DAYS previous
known address as il appears on the books
! OF the corporation. The said liquidatne
com-nis soners shall remain in office until
the affairs OF the corporation shall have
been finally settled and liquidated. and
they shall have power TO receive all the as
| sets of the corporation and to distribute the
| proceeds, if any: and in case Of any vacancy
among the number of said commissioners.
cancy shall be filled by the remaining COM
missioner from among the holders of common
| stock
! ARTICLE IX.-Each OF the subscribers
hereto has written after his name the kind
and number of shares of stock subscribed
for by him, that this act of Incorporation
| may also serve the original subscription
| list OF the corporation; and each of said sub
| scribers has also written after his name
his post office address; the whole in CON
1 tor UFtf fha Yv.e.@y ~
| OF the General Assembly of the State OF
Louisiana, for the year 1914, hereinabove
| referred TO.
Thus done and passed. at my office in this
written. in the presence of Alphonse Coutin.
| Jr., and Noel Nirgets, competent witnesses
| residing in this City, who hereunto signed
their names with the said subscribers and
| No'd.y, al.eI que reau:ns
Original Signed Omitted for public;
| ion.)
CHAs. ]. RIvET.
Notary Public.
1, the undersigned, Recorder of Mortgage
and for the Parish of Orleans. State
| ouisiana, do hereby certify that the abo-
| nd foregoing Act Of Incorporation of t
arm and Industrial Implement Co, In
as, this DAY duly recorded in my Office,
'ook 1925 Folio 327
| New Orleans. April Sth. 1919
! (Siigned) EMILE J. LEONARD, by. F
! I. the undersigned Notary, do hereby ce
fy that the above and foregoing is a tru
nd correct copy of the original act
cord in my office with the signatures c
! 'e subscribers omitted for publication.
In Faith Whereof, I have hereunto set m
| and and affixed the impress of my OF
| cial Seal. this 10th day of April, Ann
'omini 1919
l. CHAS J. RIVET.
| Notary Public.
| April H-to-May p.
| .HARTER OF COLLECTION CoMPANl
| INC.
| n; S.,.os % Co.,