The herald., 1919-09-25
CHARTERS

CHARTERS
Tilted States Of America the one hundred and
,ortv-f0urth; Before me, Alexis Brain, a Mo-
-ary Public. duly commissioned and qualified.
Within and for the Parish of Orleans. State OF
Louisiana. therein residing and III the pres
auce ofthe witnesses hereinafter named and I'M
Icrsiguei; personally came and appeared, the
several persons whose names are hereunto
who declared that avalling them
selves OF the privileges granted by the laws
Of the State OF Louisiana, they do by these
presents form and organize themselves. and
such othr persons as may hereafter join them,
as well as their successors, unto a corpora
ton for the objects and purposes and under
the stipulations following, to-wit
ARTICLE 1.-The name of this corporation
shall be the Callahan Chemical Company.
Incorporated" and under such name II shall
nine years from date hereof, unless sooner
dissolved. accordg to law. It's domlclIe shall
be in the City OF New Orleans, State OF
Louisiana. where all legal process directed
against it shall be served upon its President
or in his absence. upon the Vice President,
and in the absence OF both OF said officers
upon its Secretary.
ARTICLE II-Said corporation may have,
hold, lease, purchase, sell, convey, mortgage
or pledge property, real or personal, or mixed,
rights, franchises and Closes IN action and
stocks, bonds and securities of other corpora
security; it may sue and be sued, and may
have and use a corporate seal. 1t may
have and enjoy all such other rights, powers
and prerogatives as are now or may hereafter
be enioved by corporations generally, and by
corporations of a like character, organized
under the general and special laws of this
state.
ARTICLE III.-The objects and purposes
for which this corporation is organized and
the nature of the business to be carried on
by il are hereby declared to be, to manutac
ttre medicinal oils, creams. tones and other
preparations. and chemical, medicinal or
toilet substances of any kind or character;
to buy, sell, and generally deal in such ar
ticles either wholesale or at retail; and gen
orally to do any and all acts and things that
may be necessary, convenient, or incidental
to the carrying out OF these purposes
ARTICLE IV-The capital stock of this
corporation Is hereby fixed at five thousand
dollars ($5O0OOO. divided into and repre-
sented by five thousand shares of the par
value of One Dollar (Sl.00). per share, with
the right to increase the said capital stock to
not more than fifteen thousand dollars tSlo.-
OOOOO), upon complying with the requisites
of the law The subscriptions set opposite
the signatures of the subscribers to this chl--
te- show that the entire amount OF the capl.
tai stock has been subscribed. and the SAID
subscribers hereby declare and warrant that
the entire amount of the said capital stock
has been paid into the Treasury OF the cor
in cash before the signing of this
Charter
ARTICLE V-The business and affairs OF
this corporation shall be managed and con-
Quoted by a Board of Directors consisting
of three stockholders Messrs. John Gala
han of New Orleans, La; Alfred S. Wade
of New Orleans. La and Alexis NJ. Schwit
ALA, of New Orleans, La, shall constitute
the first board of directors who shall hold
office until the third Monday in August,
1920, or until their successors shall be duly
elected and qualified. On the third Mon.
day of August 1920. and annually thereaf.
ter, an election for the Directors shall be
held at the office of the corporation in the
City of New Orleans, after notices have been
given to each stakeholder, mailed at least
ten days prior thereto.
At all elections. the stockholders shall be
allowed one vote for each share OF stock that
has been standing in his name on the books
fthe corporation TOR ten days PRIOR 10 tnt
meeting. In case of a vacancy occurring
from any cause in either the Board OF DI
rectors or among the officers, the vacancy
shall be filled by the remaining Directors by
vacancy. who shall hold office until a sue
cessor is elected, until the next annua
meeting.
ARTICLE VI-The officers of this corpora
ton shall consist of President, Nice-Presi
dent. Secretary and Treasurer. The Offices
| of Secretary and Treasurer may be held BY
| the same person. Until the third Monday II
| August, 1920 or until their successors shall
have been duly elected and qualified, Mr.
| John Callahan shall be President, Mr.. AL
| fred S Wade, shall be Vice President, AM
Mr.. Alexis NJ. Schwitalla shall be Secretary
| Treasurer On the third Monday in August
1920, Immediately after the annual stockhold
ers' meeting, and annually thereafter, tn
/ Board of Directors elected at such annua
meeting shall select from their own number
the President, and Vice President, and fror
| among their own number or from among IN
stockholders, Secretary and Treasurer.
| ARTICLE VII-Two members of tn
Board of Directors shall constitute a quorum
! Said Board may adopt code of bylaws an
a seal, and amend or change the same a
| their discretion. 1t is especially stipulate
that the powers hereby delegated to the sal
Board of Directors and to the officers of thi
corporation limited, as follows: y
contract involving a liability on the corpora
ton to any greater extent than Five Hun
bred Dollars (S5O000), and no expenditure c
| the sum of Five Hundred Dollars (S5O0O0
shall be authorized or be made or contracte
| by any officer or director without the VIII
ten consent signed by each member of III
! Board of Directors; and in each case a
such contracts or expenditures, the write
authorized consent signed by all of tn
members of the Board Of Directors shall b
spread on the minutes OF the Board as a pei
manent record of the corporation.
ARTICLE VIII.-This act of incorporate
may be amended in all particulars PR
vided by law; or the corporation may b
dissolved upon complying with the provision
of the statute on the said subject. In II
event Of voluntary liquidation. the stockholt
ers shall elect from among their number, tW
liquidators who shall be vested with fl
power 70 settle its affairs, collect the on
standing debts sell and convey the pro-
erty, pay its debts, and divide the remail
ing money and property among the stool
holders.
ARTICLE IN.-No Stockholders shall
held liable for the contracts or faults of III
corporation, or Of its officers or agents, b
yond any unpaid balance that may be dJ
by him on his stock subscription: nor sha
any mere informalitY in this act have Z