The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-04
CHARTER.

ARTICLE IV.-The capital stock of
this corporation is hereby fixed at the
sum of one hundred and twenty thons
and ($1o0.0 100000 Dollars to be- divided
into twelve hundred U2O0D shares of the
par value of one hundred $4,000 Dol
lars each. which shall he payahl" in cash,
or may be issued at not less than par in
payment of services actually rendered or
property actually received Ivy the corpora
ton.
This corporation shall become n going
concern rs soon as fifty per cent of the
amount of its capital stock has been sub
Scribed for and fifty per cent of said
amount subscribed for shall have been
paid in cash. The amount To which the
capital stock of this corporation may br
increased is hereby fixed mt the sum of
one million $1,000. 100000 Dollars.
No transfer of stock shall he binding
upon the corporation unless made and
recorded upon its books.
ARTICLE V.-Am the powers Of this
corporation shall he vested in ana eN-
crci~cd by Board of Directors com
posed of not less than three. nor more
than seven shareholders and a majority
shall constitute quorum for the tran
Saction of all business. \ majority of
the Eoard of Directors voting at any time
in person. shall be required to pass any
resolution or adopt any bylaw. which.
when so passed or adopted. shall become
valid corporate acts. The Board OF
Directors shall be elected annually nj "a
general meeting of the stockholders. to
he held on the first Monday in October
1920. and on the same day and month
/ in each succeeding year, after fifteen
days written notice mailed to each
shareholder at his last known address
appearing uDOn the books of the corpora
tion. unless such notice be waived in
writing by all the shareholders appear
in" as such upon the books. \ failure.
however. from any cause. to hold the an
nual meeting of stockholders. or failure
to elect directors thcreat. shall not Opcr-
ate the forfeiture of this charter. nor i'm
pair the corporate management, but the
directors then in office shall serve until
their successors shall have been duly
elected and qualified and installed. Any
vacancy in the Board Of Directors shall
he filled for the unCXpired term by the
remaining directors.
The officers of the corporation shall
consist of president, one or more vice
presidents. and n secretary and n trcaSur-
or. The office of treasurer may be com
| bined with that of president or vice
| president, and the offices of secretary
| and treasurer may he held by one and
| the same person under the name of
| Secretary-treasurer.
ARTICLE VI.-The first Officers and
| Board of Directors. who shall serve until
the first Monday in October, 1920 shall
consist of Alpheus C. Beane, 1872 Ma
pOleOn Avenue. New Orleans, La, who
shall be president; Alex Hyman, 1861
Sixth Street, New Orleans, La, who shall
he vice president; Charles f. Fenner, 532'
| Dryades Street, New Orleans, La, who
shall he secretary treasurer; William S
| X. Became. 1923 Hurst Street, New Orleans
| La, director; Ernest Il. Norman, 1893
Octayia Street, New Orleans, La, director
Mike ). Hart. 1885 Sixth Street, New Or
leans, La director; William II. May
Marion, Alabama, director.
ARTICLE VII.-This act of incorpOra
ton may be changed, altered or amended
or this corporation may be dissolved, by
and with the consent of the holders OF
two thirds in amount of the outstanding
stock at a general meeting convened fol
that purpose, after thirty days notice
in writing, mailed to each stakeholder
last known address and after fifteen days
publication in one of the daily newspapers
in the City of New Orleans, as prescribed
by law. If this corporation should be dis
solved by limitation, or otherwise, it:
affairs shall be liquidated under the sup
erviSion. of three commissioners. to b,
elected at a general meeting of share