The herald., 1919-11-13
CHARTER.

vote, and every such stakeholder shall be
| entitled to one vote for each share of said
common stock standing in his name on the
books of the corporation, to be cast by
| him in person, or by his written proxy.
| and the majority of such votes cast shall
elect.
Any vacancy occurring among the di-
rectors of said corporation by death, res
ignation, or otherwise, shall be filed by
election for the unexpired term by the
| remaining directors.
A failure to elect directors on the date
above specified shall not dissolve the cor
poration, nor impair its corporate exist
ence and management, but the directors
then in Office shall remain in Office until
their successors shall have been duly
elected and qualified.
The Board of Directors at its first meet
ing shall elect from its own number n
President and one or more ice-Presi-
dents. They shall also elect a Secretary
and Treasurer, or one person to act as
both Secretary and Treasurer, either of
whom may or may not be a member of
said board.
The Board of Directors from time to
time may name and appoint all such other
officers INCLUDING one or more vice pres
1dents not members of the Board of Di-
rectors) and agents as it may deem neces-
sary for the purposes and business of said
corporation. The said board shall have
power to fix and define the duties of every
officer and employee and all officers and
employees shall hold Office and employ
ment at the pleasure of the board.
The board may make and establish, as
well alter and amend. all such bylaws
rules and regulations necessary and
proper in its judgment for the conduct
and management of the business and af-
fairs of said corporation. The Board Of
Directors shall have full power and au-
thority to borrow money, to execute mort
cages and to create liens: to issue bonds
notes and other obligations, and to secure
same by mortgage, pledge or otherwise :;
and generally to do any and all things
reasonable, convenient and necessary for
the proper carrying on of the business
and affairs of said corporation: and in its
discretion, to create and elect an EXecu-
i've Committee to be composed of three
or more of its members, to which com
mittee the Board of Directors may grant
all or any of its powers to be exercised
during the interim between meetings of
the board itself
ARTICLE VI-This act of incorporation
may be modified, changed altered or
amended, or the capital stock of this cor
poration may be increased or decreased
or this corporation may be dissolved with
the assent of two-thirds of the outStand-
ing common stock of this corporation
gwen and obtained at a general meeting
of stockholders convened for such purpOse
or any of them, after previous notice of
such meeting shall have been given IN
each common stockholder by registered
al
place or residence and deposited in the
mails of the United States, at least fifteen
llo) days previous to the date of said
hmeeting' unless other notice be prescribed
by law, in which event notice shall he
given in conformity to law.
Whenever this corporation NAV ha dis
solved, either by liquidation or from any
other cause, its affairs shall be huuidated
Dy nve (5) commissioners to be elected nv
the stockholders at a general meeting con
nnFn0Sa nj
ABOVE provided. and after due notice: a
majority OF the common stock present and
represented at such meeting shall be re-
Iuisate 10 the election of such commits
sloners. The said commissioners shall
remain in office until the affairs of said
corporation shall have been fully Iinni
dated. In case of the death or resignation
vi any one or more of said commission
nlled by the survivor or survivors. Tn
the event or any disagreement among said
commissioners. the action of the majority
shall control and prevail
ARTICLE Vino stakeholder shall
ever be held liable for the contracts or
sum than the unpaid balance dine the cor
PoratlOn on the shares of stock owned bv
nun, nor shall any mere informaIity in
organization have the effect of rendering
bo lS Gna ar null or of exposing stock
amount remaining due on his stock.
ARTICLE vIII-The following shall
constitute the first Board of Dirtcors of
this corporation: vi
=; r. Allgeyer, New Orleans La.
II. g. Dufour. New Orleans, lie.
Z, T.: Ellis, New Orleans, La.
r r. w. Ellsworth, New Orleans, La.
george j. Glover, New Orleans. Ia
X; 5; Hecht. New Orleans, La.
charles +. Herb, New Orleans. La.
a aH r; Howard, New Orleans, La.
AAa oOapi katz, New Orleans, La
bernard McCloskey, New Orleans La
HHugh McCloskey, New Orleans. La.
W. r. Simpson, New Orleans. La"
X. W. Wilmot, New Orleans, La.
+. ID. Wilkinson, New Orleans La.
ane said Board of Directors shall hold
once until the second Tuesday in lam
airy, i92l, or until their successors shall
nave Deen duly elected and qualified.
Inc subscribers to the capital stock n,
saiu corporation and their respective adj
dresses are: "u
G B. Allgeyer, New Orleans, La.
II. IL Dufour, New Orleans. La.
I. +: Ellis. New Orleans La.
II. w. Ellsworth, New Orleans. La.
george j. Glover, New Orleans. la.
X; s; Hecht, New Orleans. La.
tnarieS +; Herb, New Orleans, La.
AVN T. Howard, New Orleans. La.
Adolph katz, New Orleans, La.
ernest nj. Loeb, New Orleans. La
Bernard MeCloskey, New Orleans La.
Mugn McCloskey, New Orleans, La.
w T. simpson, New Orleans. La.
H. W. Wilmot, New Orleans, La.
ID. WILKINSON, New Orleans. La.
nugh McCloskey, trustee, New Orleans.
X; 5. Hecht, trustee, New Orleans. Ia
tNumber of shares omitted).
The subscribers hereto have writton nm
posIte the1r respective names the number
y. vi shares OF capital stock in said cornora-
10. .ion subscribed for by each of them and
inns act OF incorporation shall also serve
corporation. i''' vi sald
rms done and passed at my Office in the
CIly OF New Orleans, on the day month
anu year herein first above written in tbe
presence of Eugene Thorpe and Jacob r
Daer, competent witnesses who have here
t unto signed their Names together with
Ihe salu appearers and me, notary after
cue reading of the whole. '-'e'
toriginal Signed) c. f. Allgever. TT q
puI0ur, Z. Z. Ellis, f. W. Ellsworth. Coo
%iover; CHARLES f. Herb, Alvin p. How
n Por aao,Ph katz (by Alvin P. Howard).
H nernard McCloskey, r. w. Wilmot. Ernest
NJ. Loeb (by H. G. Dufour). w. p SINE
son 10y c. F. Herb, Hugh McCIoskay
Hugn McCloskey trustee, r. s. Hecht p
n. Wilkinson (by R. S. Hecbtl r. g
hecht trustee. Number of shares snh
scrIbed for omitted). SUI
witnesses: Eugene Thorpe. Jacob n
AL. c. HAMMER.
Notary Public.
i, the undersigned, Recorder of Mort
S SaSes IN and for the Parish of Orleans
STATE OF Louisiana, do hereby certify that