The herald., 1919-06-19
CHARTER.

shall be served on the President, or in his
absence on the Vice-President, and in the alb
sence of both on the Secretary, or as the
law directs. All meetings of the stockhold-
ers or directors must be held at the domicile
of the corporation and in its principal Office
there; provided, that with the written con-
sent of all Directors valid meetings of the
Directors may be held outside of the State
or within the State, elsewhere than at
ARTICLE V.-This corporation shall en-
dure for a period of ninety-nine years and
enjoy the right of succession.
ARTICLE VI.-The corporate powers of
this corporation shall be vested in and ex
ercised by Board of Directors composed
of three stockholders two of whom shall
constitute quorum for the transaction of
business, except that the officers of this
corporation shall have and exercise the
powers granted to corporate officers by
Section 10 of Act 267 of 1914. Until the first
Monday in January, 1920, the following named
persons shall constitute the Board of Di-
S. Vinson, address ZOE North Scott ST.,
New Orleans; and Charles w. Bosch,
address 616 Valence ST., New Orleans;
and Anthony P. Kennair, address 423 South
Directors shall be elected annually on the
first Monday in January. The Directors
and officers of this corporation shall hold
office and continue to serve until their sue
cessors have been elected and duly quail
fled. The Hoard OF Directors shall by
ajority vote have right and power to in
crease the number of Directors and elect
new Directors to the places created, provided
the maximum number of Directors of the
corporation shall never exceed seven. Any
stakeholder may be eligible for membership
on the Board of Directors who owns one
share of stock in the corporation, in his own
name and unpledged. The stockholders shall
elect Directors at their annual meetings by
ballot and each stakeholder shall be en-
titled to one vote for each share of stock
standing in his or her name the books
of the Corporation, the vote to be cast in per-
son or by proxy; and it shall require a ma
jority of the stock present to elect.
The Board of Directors shall hold regular
meetings at stated intervals at such times
as may be fixed in the bylaws of this cor
the domicile of the corporation or as pro-
vided in Article Nv of this charter, but the
President, and in his absence the Vice
President may call special meetings of the
visable, and he shall be. required to call
such special meetings whenever requested
to do so by a Director by holders of one
fourth of the capital stock of the corpora
ton. Three days notice of such special
meetings shall be given in writing, by mail
to the address of each director, unless a
waiver of this notice is signed by all the
Directors, but no general waiver shall be
Board, or in amy office shall Be filled by
the Board of Directors at its next meeting
after such vacancy has occurred. The first
Board of Directors shall and is enjoined to
draft and adopt suitable set of bylaws
for the government of the corporation which
may be altered, amended or changed as the
business of the Corporation may require.
ARTICLE VIf.-The officers of this cor
poration shall consist of President, q
Vice President and Secretary and Treas
urer each of whom shall be a stakeholder
as required to be Director. The office o.
Secretary and Treasurer may be held by the
same person. The following persons shall
be officers until the meeting Of the stock
holders to be held on first Monday of Janu
airy, 1890: Joseph S. Vinson, President, ad
dress 702 N. Scott St. new Orleans; Charles
w. Bosch, Vice President, address 6l6 Val
ence ST.. New Orleans, and Anthony P. Ken
S. Gayoso St. New Orleans, La.
| ARTICLE VIII.-This charter may BE-
amended. modified or altered, the capita
| stock increased not to exceed the maximum
! fixed in Article Nv of this Charter, tht
Corporation dissolved by the assent of three
| fourths of the holders of the stock issued a
general meeting or a special meeting o.
| stockholders of which notice has been giver
copy of which shall be mailed to the ad
| dress of each stakeholder and after publica
| tion of such notice for thirty days in
| daily newspaper published in the City o.
| requirements of law in such cases provided
| The notice to stockholders may be waivet
in writing, provided it be signed by al
! stockholders of the Corporation, but gen
eral waiver shall be legal.
| ARTICLE IX.-The Board of Director
shall have and be vested with the corporat
powers of this corporation. The Corporation
| shall have succession by its corporate nam
| for 80 years; to sue and be sued by its cor
porate name in any Court of competent jur
| isdiction; to make and use a corporate sea
| and the same to alter at pleasure: to &C
| quire property by grant, gift, purchase; {
lease, hold, and dispose of and to mortgag
| and pledge the same, subject to limitation
| fixed by law; to appoint such officers an
agents as the business of the corporation MAJ
| require and to fix their compensation ,havin
due regard to the nature, character, an
value of their services; to conduct bushes
| in Louisiana, other States of the Unior
Federal Districts, possessions of the Unite
| States and in foreign countries; to purchas
for cash or hold when acquired in operatio
of its business, stock in other corporation!
| ARTICLE X.-At the expiration of thi
charter, or the earlier dissolution of thi
Corporation its affairs shall be liquidated b
three commissioners, all of whom shall hol
stock in this corporation and said Commi.
sioners shall have full power to sell any G
all the assets of the corporation to conve
title and to do and perform all acts esser
tial to a full liquidation of this corporation
and to distribute the proceeds by payin
first the debts due by the corporation an
then prorating the remainder between ii
stockholders, on the basis of the number
one or more commissioners the survivor
shall continue to act.
Thus done and passed in my office
the City of New Orleans, aforesaid, the da
month and year first written, in the pre-
ence Of Stirling Parkerson and George ]