The herald., 1920-01-15
CHARTER.

Il
enjoy the right of succession.
ARTICLE Nl.-The corporate powers OF
this corporation shall be vested in and
exercised by Board of Directors com
posed of three stockholders, two OF whom
shall constitute Il quorum for the trans
action of business. except that the Off
GERS of this corporation shall have and
exercise the powers GRANTED to corporate
officers by Section IL of Act 267 of 1914.
Until the first Monday in January, 1921,
the following named persons shall con
stitute the Board of Directors for this cor
pOratiOn, to wit: James VI. Walker, Presi-
dent, address, l6l jefferson Ave, Memphis,
Tenn, and John Walker, President,
address, l6l jefferson Ave, Memphis.
Tenn, and John h. Walker Vice President.
address, l61 jefferson Ave, Memphis,
Tenn, and Arthur l.. Crabtree, Treasurer,
Decatur Street. New Orleans. Thereafter
the Directors shall be elected annually on
the Monday preceding the Second Tuesday
or January of each year. The Directors
and officers of this corporation shall hold
Office and continue to serve until theiI
successors have been elected and duly
qualified. The Board Of Directors shall
by majority vote, have the right and power
to Increase the number of Directors and
elect new Directors in the places created.
provided the maximum number of di-
rectOrS of the corporations shall never eN-
coed seven. Any stakeholder may be eligi-
bic for membership of the Board of Di-
corporation, in his own name and I'M
pledged.
The stockholders shall elect Directors at
their annual meetings by ballot and each
stakeholder shall be entitled to one vote
Tor each share of stock standing in his
or her name on the books of the corpora
ton, the vote to he cast in person or by
proxy; and it shall require a majority of
the stock present to elect.
lar meetings at stated intervals at such
times as may be fixed in the bylaws of
this corporation. The meetings shall be
held at the dOmiCilc of the corporation or
as provided in Article " of this charter,
but the President, and in his absence the
Vice President may call special meetings
of the Board of Directors or stockholders.
as he may deem advisable, and he shall
be required TO call such special meetings
whenever requested to do so by "A Director
stock of the corporation. Three days
notice of such special meetings shall be
given in writing, by mail to the address
of each director, unless a waiver of this
notice is signed by all the Directors, but
no general waiver shall be legal.
Any vacancy occurring on the Board,
or in any office, shall be filled by the
Board of Directors at its next meeting
after such vacancy has occurred.
The first Board of Directors shall and
is enjOined to draft and adopt a suitable
act of Bylaws for the government of the
corporation, which may be altered, amend
ed or changed as the business of the cor
poration may require.
ARTICLE VII.-The officers of this cor
pOration shall consist of President, 0
Nice-President and a Secretary and Treas
urer, each of whom shall be a stockholder
as required to be a Director The office
of the Secretary and Treasurer may be
held by the same person. The following
persons shall be officers until the meet
ing of the stockholders to be held on first
Monday preceding the second Tuesday Of
January of each year. James w. Walker.
President, address 161 Jefferson Ave,
Memphis Tenn, John n. Walker, Mem
phis. Tenn, VicePresident; Arthur L.
Crabtree. Treasurer. Memphis, Tenn,
George f. Butler. 331 Decatur ST., New
Orleans, La, Secretary.
ARTICLE VIII-This charter may be
amended, modified or altered. the capital
stock increased, not to exceed the maxi
mum fixed in Article " of this charter,
or the corporation dissolved by the as
sent of three-fourths of the holders of
the stock issued at a general meeting or
a special meeting of stockholders of which
notice has been given thirty days prior
to the meeting, in writing, copy of which
shall be mailed to the address OF each
stakeholder and after publication Of such
notice for thirty days in a daily news
leans and upon complying with the re-
quirements of law in such case provided.
The notice to stockholders may be waived
in writing, provided, it be signed by all
stockholders of the corporation, but no
general waiver shall be legal.
ARTICLE IX.-The Board of Directors
shall have and be vested with the separate
powers of this corporation. The corpora
ton shall have succession by its corporate
name for 90 years; to sue and be sued by
it's corporate name in any court OF COM
petent jurisdiction to make and use
corporate seal and the same to alter at
pleasure; to acquire property by grant.
gift purchase; to lease. hold and dispose
of and to mortgage and pledge the same,
subject to limitations fixed by laws; to
appoint such officers and agents as the
business of the corporation may require
and to fix their compensation, having due
regard to the nature, character. and value
of their services; to conduct business in
Louisiana. other States of the Union, Fed
eral Districts, possessions of the United
States and in foreign countries; to pur-
chase for cash or held when acquired in
operation of its business, stock in other
corporations.
ARTICLE Kat the expiration Of this
charter. or the earlier dissolution of this
corporation, its affairs shall be liquidated
by three commissioners, all Of whom shall
hold stock in this corporation, and said
commissioners shall have full power to
sell any and all the assets Of the corpora
ton to convey title. and to do and per-
form all acts essential to a full hquida-
ton of this corporation, and to distribute
the proceeds by paying first the debts due
by the corporation anu then prorating the
remainder between the stockholders, on
the basis of the number Of shares owned
by each. In case of death of one or more
commissioners the survivors shall continue
to act.
Thus done and passed in my office in
the City of New Orleans, aforesaid, the
day, month and year first written, in the
A Sompayrac, Witnesses of lawful age, re-
siding in Orleans, Parish, Louisiana, who
have signed their names with the said
parties and me, Notary, after due reading
Of the whole.
Original Signed):
JAMES NJ. WALKER,
Subscribed for 46 shares.
JOHN X. WALKER,
Subscribed for 2 shares, by J. NJ. Walker,
ARTHUR L. CRABTREE.
Subscribed for Il shares, by ]. NJ. Walker,
Agent.
GEO. f. BUTLER,
Subscribed for 40 shares.
Witnesses:
Percy e. Brown,
Paul A. Sompayrac.
LAWRENCE NJ JANIN.
Notary Public.
I, the undersigned, Recorder of Mort
cages, in and for the Parish Of Orleans,
hereby certify that the above and fore
going charter of the 20. X. Storage and
IT,, re- Inc - hfc do y o.