The herald., 1919-09-25
CHARTER
increased TO Five Hundred Thousand
Dollars (SJO0000.00).

increased TO Five Hundred Thousand
Dollars ($500O000W.
ARTICLE V.-AIl the powers of this
corporation shall he vested In and eN"r
ciSed by Board composed OF live
| directors Said Board shall be elected
annually by ballot ut Il stockholders
meeting called for that purpose ou iu'
! first Monday of July Of each year to'
! the next legal day if that DAY
be holiday, after du" noti"'
| given to the stockholders by M"i
! NJ least fifteen days before tn" dat" OF
| said meeting. Each holder of stock shall
he entitled to one vote for each share "l
| stock standing in his name on the book
of the corporation, said vote TO be cast
| in person or by proxy, ana IN" majority
of votes cast shall elect The Board OF
directors shall have the power to fill ail
J vacancies which may occur or in any
manner arise or be created on the Board
/ even though no quorum remain at the
time such vacancies are to be llli"d.
| Fnilure TO elect Directors on the day
| ahove specified shall not dissolve III,
| corporation but the Directors then IN
office shall remain in office until their
SUCCESSORS are elected and qualified. tn"
/ Board shall elect from their number "a
President, a Nice-Presldeht ana S"cr"-
tarv-Treasurer: provided that tn" Board
may elect such other officers (whO need
NOT be members of the Board or stock
holderS) as they think proper or c0nN"n-
lent for the carrying on or the company ;
business, and they shall fix the salaries
of all officers, agent and employees
At anv meeting of the Board of bire't-
Ors. any Director absent from the meet
ing may be represented by any other
Director who may east the vOt" OF IN"
absent Director according to the written
Instructions either general or special. OF
said absent Director. The Board Of
Directors shall have authority to make
and establish, as well as alter and amend.
all bylaws, rules and regulations nec"S-
sary and proper for the support and man
apemppt of the business and affairs of
this corporation and not inconsistent
with this charter: and they shall have
power to authorize the borrowing of
money and the issuance of notes and the
execution of pledges, and generally TO
do all things necessary or convenient COR
the proper carrying on OF the business OF
the corporation.
Until a general meeting of the stock
holders for election of Directors to be
held in 1920, or until their duly quail
fled successors are elected ana installed.
the Board of Directors shall be composed
of the following: ). W. hing post Once
address. Dallas Texas. Charles f. Levy,
post office address, S2S Gravier Street,
New Orleans. Hal Brown. post office ad
dress, 90 Gravier Street, New Orleans,
Simon j. Shlenkcr post office address,
S26 Gravier ST. New Orleans, 5. W. King
of these. S. w. King shall be PreSi-
dent; Simon J. Shlenker, Vice President,
and Hal Brown, Secretary Treasurer.
ARTICLE NI.-This act of incOrpora-
ton NAV be changed modified or amend
ed or the corporation dissolved, by
vote of twO-thirds of the entire capital
stock present or represented at a general
meeting of the stockholders convened for
such purpose. after previous notice shall
have been given in the manner above re
duired TO be given of the annual meeting
of the corporation.
ARTICLE Wifi this corporation
shall be dissolved. either by limitation
or from any other cause. its affairs shall
be liquidated by three commissioners TO
be appointed ut the meeting of stock
holders convened for the purposes Of
liquidation, and TO he elected by the vOt"
of all the stockholders voting upon
parity. Said liquidatOrs shall remain in
office until the affairs of the corporation
shall have been fully settled and liquidat
ed and they shall have full power and
authority to transfer and give title to all
the property and assets of the corpora
ton and to distribute the proceeds. In
case of death, disability or resignation Of
one or more liquidatOrS, the vacancy shall
be filled by the survivor or survivors.
ARTICLE VIII.-NO stakeholder shall
ever be held liable or responsible for the
contracts or faults of said corporation in
any further sum than the unpaid balance
due on the shares of stock owned by him,
nor shall any mere infOrmality in organ
iZation have the effect of rending this
charter null or of exposing any stock
holder to any liability beyond the un
paid balance due OH his stock.
In order that this charter may serve as
the original subscription list, the sub
scribers hereto have indicated opposite
their respective signatures the number of
l,,r Of
them. All subscriptions are to be paid for
in cash at the execution hereof
Thus done and passed at my nOtarial
office at the City of New Orleans, State
of Louisiana, on the day, month and
year first hereinabOve written, in the
presence of Walter j. SuthOn, Jr., and
Yyonne Goodrich, competent witnesses
who have hpreuntO subscribed their
names to gether with me, Notary and the
said appearers. after due reading of the
whole.
Witnesses. Walter J. Suthon, Jr,
Ivonne Goodrich.
WATTS X. LEVERICH.
Notary Pubic.
l. the undersigned, Recorder of Mort
cages. in and for the Parish of Orleans,
State of Louisiana, do hereby certify
that the above and foregoing Act of In
cooperation of King, Brown Il Co., Incor-
pOrated, was this day duly recorded in
my office in Book 1881. Folio .
New Orleans, La, September 9TH. 1919,
EMILE J. LEONARD, by. II.
true copy.