The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-20
CHARTER.

The Board may make and establish, as
well as alter and amend. any and all ny
laws, rules and regulations necessary ana
proper, in its Judgment, for the conduct
support and management OF the business
and affairs of said corporation. At all
meetings of the Board of Directors each
director shall have the right to appoint Il
proxy to act in his place and stead. The
Board shall have full power and author
ity to borrow money, to execute mort
cages and to create liens; to issue ponds,
notes and other obligations, and generally
to do all things reasonable, convenient
and necessary for the proper Carrying on
of the business of the corporation. The
Board may issue full paid shares of stock
for cash or in payment of labor done or
property actually received by said corp0r-
alton.
ARTICLE VI-Whenever this corpora
ton may be dissolved, either by limitation
or from other cause, its ohalrs SHAH be
liquidated by three 90 commissioners. 10
be appointed from amongst the stockhold-
erS at a general meeting of the stock
holders convened for such purpose. 81
which meeting notice shall be given in
| the manner aud time provided for stock
| holders meetings by Article VII OF inns
| Charter and two-thirds CD in amount
of the capital stock of said company shall
| be requisite to elect. Said commissioners
| shall remain in office until the affairs of
| said corporation shall have been fully
| liquidated. In case of death of one or
|
| shall be filled by the surviving commits
| sionerS.
| ARTICLE VII.-This Act of Incorpora
| ton may be modified. changed or altered,
| or this corporation may be dissolved, or
| the capital stock may be altered, in ac-
| cordance with law, at a meeting of stock
| holders called for the purpose, after no
| tce shall have been given by written
notice to each stakeholder, delivered to
him personally or mailed to him at the
l tod l,Nr n
writing at least fifteen 30 days prior TO
the date of meeting.
! ARTICLE VIII-No stakeholder shall
ever be held liable or responsible for the
contracts, faults or debts of said corpora
ton i'll any further sum than the unpaid
, balance due the corporation on shares OF
stock owned by him. nor shall any mere
informality in organization have the effect
of rendering this charter null or of eX
, | posing a stakeholder to any liability be
, yond the unpaid amount remaining due OF
ARTICLE IX.-Peter Hamilton, of New
Orleans, La; Harry W. Stans6ury, o
New Orleans, La; Albert II. DePass, o
New Orleans, La; J. l.. Bowling, of New
(, Orleans La, and NJ. +. Stiles, of New Or
, leans, La, have been chosen and selected
> as the first Board of Directors of this cor
! poration. with the said Peter Hamilton
las President Harry w. StanSbury, a
! Vice President. Albert II. DePass a
. Treasurer and j. l.. Bowling as Secretary
( to serve as such until the first Monday il
/ | February, 1921, or until their successor
n | shall have been elected and qualified. Tn
: | subscribers to the capital stock of sal
' | corporation and their respective addreSSe
e are: Albert N DePass, New Orleans La
: 80 shares; Harry w. Stansbury, New Or
! leans, La, 60 shares Peter Hamilton, Ne'
: Orleans, La, 10 shares: ]. l.. Bowling
e New Orleans, La, 20 shares; NJ. +. Stile'
II | New Orleans, La. 10 shares; Duggan Inc
u | New Orleans, La, 80 shares.
: Thus done and passed ut my office |
e the City of New Orleans, on the day
d month and year herein first above writ
II ten, in the presence of Abraham COLDER
1t and Eugene Thorpe, competent witnesSe
20 who have hereunto signed their names, Il
e gether with the said appearers and M
n Notary, after due reading of the whole.
l.. (Signed)
y, Peter Hamilton, 10 shares 100000, Ne
1T Orleans, La.
l. Albert II. DePass, 60 shares, 100000
n New Orleans. La.
4 J. l.. Bowling, 20 shares. 100000, Ne
le Orleans, La.
of H. w. Stansbury, go shares, 100000
RS New Orleans. La.
4 NJ F. Stiles, 10 shares, 100000, Ne
d. Orleans, La.