The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-29
CHARTER

| CHAIR len
shares of the par value of One Hundred
$4,000 Dollars each. The capital stock
of this corporation may be increased, from
time to time, TO a sum not TO exceed One
Hundred Thousand (SlOOWOOO Dollars on
a two-thirds vote of the stockholders. Such
stock shall be full paid and non assessable.
All stock of this corporation, provided for
| herein that which may hereafter be is
| sued, shall be valid only if signed by the
President and counter signed by the Secre-
| taryTreasurer. All transfers of stock shall
| be valid and binding only when made on
| the books of the corporation. Before any
stockholder shall sell or dispose of his
stock in the corporation, he shall give thirty
days written notice of his intention so to
| do TO the corporation, during which thirty
| days the corporation itself shall have tho
| right Of purchasing the stock at it's book
value. This corporation shall begin bust
ness as soon Five Thousand (SS,0OOOO) Dol
| lars of the capital stock has been subscribed
as provided for in Section 2, Act 267 OF the
General Assembly OF the State of Louisiana,
| for the year 1914.
| ARTICLE V.-All the corporate powers Of
! this corporation shall be vested in and ex-
ercised by Board of Directors, to be
| composed of three stockholders, each of whom
| shall own in his own right at least one full
| paid and unpledged share of the capital
stock, two members OF whom shall consti-
| tute a quorum for the transaction of bust
ness. The annual meeting of the stOckhold-
ers shall be held on the 5th of May OF each
year, or the first working day thereafter
The tirst election for directors under this
charter shall be had. by ballot, at the an
nual meeting of the stockholders, to be held
on the 5th Of May, 1920 and annually there
alter Notice Of such meeting, in writing
shall be given 10 each stakeholder by mail,
addressed to his or her last known postof-
ice address. at least fifteen days before
The date of such meeting. At all such
elections and at all meetings of the stock
holders, every stakeholder shall be entitled
to one vote for each share of the stock
standing in his name on the books of the
corporation at the date of such election or
meeting; said votes may be cast, in per
son or by proxy, the said proxy to be in
writing, and a majority of votes cast shall
elect. All meetings of stockholders and di-
rectors shall be held at the domicile of the
corporation, unless all the directors Shall in
writing consent otherwise.
The failure to elect directors at the annual
meeting shall not dissolve this corporation
nor impair its management in any way, but
the directors then in office shall remain in
office until their successors are elected and
qualified. The Board of Directors at their
first meeting following each election shall
S S rom their number President and a
Secretary treasurer, and the board shall
have the power to fix the salaries of such
officers and agents they deem necessary.
Vacancies occurring in the board of direc-
tors may be filled until the next ensuing
.i'NN'i'lS VI the SlOCknOlQerS DIV the H.
ing directors or director. whether a quorum
remain or not Special meetings of the
stockholders may be called by the Board
at any time; and shall be called at the in.
stance OF the shareholders holding twenty |
i've per cent OF the stock of the corporations |
and OF all such meetings, notice shall be
gwen IN the manner provided for herein.
Until the meeting of the stockholders for |
charter on the 5th of May, 1920. or until |
their duly qualified successors are elected |
and installed, the Board of Directors shall |
be- be composed of Fernin F. Farrell, No.
632? s. Franklin St; and r. Noble Day, No. |
o52S 5. rankin St; all of New Orleans. La;
with the said Fernin F. Farrell as President |
and the said Alfred NJ Farrell as Secretary
Treasurer.
ARTICLE YI-This act of Incorporation
may be modified. changed altered or this |
corporation may be dissolved. or the capitaI |
may be increased in accordance with law
at meeting of the stockholders called for
the purpose, after notice shall have been
gwen in writing to each stakeholder, deliv-
cred 10 him personally, or mailed by regis.
tered letter to him at the postoffice address
designated by him, at least fifteen Qy DAYS
prior to the date of meeting
ARTICLE VII-No stakeholder shall ever
be held liable responsible for the con-
tracts, faults or debts of said corporation.
IN any further sum than the unpaid balance
owned by him, nor shall any mere infor.
malIty in organization have the effect of
rendering this charter null or of exposing a
stakeholder to any liability beyond the un-
paid amount remaining due on his stock.
ARTICLE VIII.-The stockholders have
respectively written opposite their names the
amount OF stock in this corporation sub.
scribed for by each of them, 50 that this
act may. serve as the subscription list of said
corporation - 0"'N
Thus done and passed, at my office in the
city OF New Orleans, on the day and date first
ABOVE written, in the presence of Messrs
Edwin J. Prinz, and Eugene J. McGiynev.
competent witnesses, who have subscribed
their names hereunto with said appearers
and me, Notary, after due reading of the
whole VI '"e
Witnesses: Eugene ]. Mckinney, Edwin
Original Signed) Names omitted
EDWARD RIGHTOR. III
Notary Public.
1, the undersigned. Recorder of Mortgages.
n and for the Parish of Orleans. State of |
LOUISIANA, do hereby certify that the above |
md foregoing Act of Incorporation, of the |
farrell shipping Co., Inc, was this day
iuiy recorded in my office, in Book 1928 Folio |
New Orleans, April Is, 1919. II
EMILE ]. LEONARD. D. R II
true copy.
EDWARD RIGHTOR.
NJ. Notary Public