The herald., 1919-09-18
CHARTER.

par value of one hundred CSl00.O0) Dol
lars each. which shall be payable in cash,
OF may be issued at not less than par i'll
payment of services actually rendered or
property actually received by the corpora
ton.
This corporation shall become a going
concern as soon aS fifty per cent of the
amount Of its capital stock has been sub
scribed for and fifty per cent of said
amount subscribed for shall have been
paid in cash. The amount to which the
capital stock of this corporation may b"
increased is hereby fixed at TIA" sum of
one million Isl .00o,0 100000 Dollars.
No transfer of stock shall be binding
upon the corporation unless made and
recorded upon its books.
ARTICLE V.-Au the powers of this
corporation shall be vested in and eN-
erci>cd by n Board of Directors com
posed of not less than three. nor more
than seven shareholders and a majority
shall constitute a quorum for the tran
SactiOn of all business. :. majority Of
the Board of Directors voting ut any time
in person. shall be required TO pass any
resolution or adopt any bylaw. which.
when so passed or adopted, shall hecOm"
valid corporate acts. The Board Of
Directors shall be elected annually at "a
general meeting of the stockholders. to
be held on the first Monday in October,
1920. and on the same day and month
i'm each succeeding year, after fifteen
days written notice mailed to each
! shareholder AT his last known address.
! appearing upOn the books of the corpora
ton, unless snch notice he waived in
writing by all the shareholders appear
ing as such upon the books. \ failure.
however. from any cause. to hold the an
nual meeting of stockholders. or failure
to elect directors thcreat, shall not op"r-
ate the forfeiture of this charter. nor i'm
~ 10 b. nm lint ia.
directors then in office shall serve until
their successors shall have been duly
elected and qualified and installed. Any
vacancy in the Board Of Directors shall
he filled for the unrNpired term by the
remaining directors.
The officers of the corporation shall
consist of a president, one or more vice.
presidents. and a secretary and a treaSur-
or. The office Of treasurer may hc com
hined with that of president. or vice
president, and the offices of secretary
and treasurer may be held by one and
the same person under the name of
SeCTctaTy-treaSurCr.
ARTICLE VI.-The first officers and
Board of Directors. who shall serve unit
the first Monday in October. 1920, shall
consist of AlpheuS G. l;canc, 1872 Ma.
! pOlcOn Avenue. New Orleans, La, Wh'
! shall lie president Alex Lyman, 1863:
. SAUL Hltt'Nr NV Ia " NV 'ANA
he vice president; Charles T.. Fcnner, 5i2'
DryadeS Street. New Orleans. La, wh'
shall be Sccretary-treaSurcr: William )
X. Bcane. 5523 Hurst Street. New Orleans
La. director; Ernest Il. Norman, 1872
Octavia Street, New Orleans. La, director
Mike 5. Hart. 1850 Sixth Street, New or
leans. La. director; William ii. May
Marion. Alabama, director.
ARTICLE NII.-ThiS act of incOrpora
ton may be changed, altered or amended
or this corporation may be dissolved, h,
+, and with the consent of the holders o
two thirds in amount of the OutStandin
stock at a general meeting convened fO
! that purpose, after thirty days motto
D in writing, mailed to each stakeholder
p last known address and after fifteen day
\ publication in one of the daily newspaper
Q in the City of New Orleans. as prescribe
: by law. If this corporation should be dis
@ solved by limitation, or otherwise, il
affairs shall be liquidated under the SUI
erviSiOn, of three commissioners to /
f elected at a general meeting of share
e holders convened for that purpose, aft'
: notice aI above provided in this Articl
d and they shall remain in office until Il
@ affairs of the corporation shall have bee