The herald., 1920-04-29
CHARTER.

/ jOTiIy of the Board shall constitute a
quorum for the transaction of all business
! Each director ut the time of his election
and during his tenure of office shall own
AT least one fun paid unpledged share
/ Of stock.
! The directors shall be elected annually
on the second Tuesday of April of each
| year at a meeting of stockholders called
| tor that purpose after notice given as
required by law. At the first meeting of
| the Board of Directors after the animal
/ election they shall elect from their num-
Der Il president, one or more Vie. nrpSi-
dents, secretary and II treasurer ana
/ the Board shall have the power, in their
discretion, TO unite two Or more offices
and the same to confer on one person. All
elections shall be by ballot and Il ma
| jOrity Of the votes east shall elect Each
| share Of stock shall be- entitled TO one
vote to b" cast by the holder thereof in
person or by PROXY or by letter. the sig
nature 10 which is duly acknowledged a.
! required by law.
failure to elect directors on the date
| specified for the annual meeting shall not
dissolve the corporation. but the dirrc-
! tors then in office shall remain in office
until their successors are elected and
qualified. due notice of another election
stall forthwith be given as above pro
| vid"d, and such notices of election shall
continue 10 he given until an election i,
! held. The Board Of Directors shall have
| the right from time to time to appoint
such Officers, clerks, agents or other EN-
| pioy"S or committees a. may be necessary
! for the proper conduct of the business aud
| purposes OF the corporation. aud shall
have the right 10 appoint an executive
committee composed of three members
aud to delegate To said COMMITTEES all
| the powers aud authority possessed by
| the Board. To b" exercised under such rules
and regulations the Board may sec fit
| All such appointetS shall hold during the
| pleasure of the Board.
Tn" Board of directors may make and
establish, as well ~ alter and amend all
by laws. rules and regulations necessary
I aud proper for the support management
and conduct of the business and affairs
! Of tn" corporation. Said board shall also
have the power to borrow money. execute
mort cages. issue NOTES. bonds or other
obligations of the corporation. payahlr
principal aud interest in lawful money of
! the United States. or in United States
gold coin. and generally To do al things
reasonably necessary for the proper con
duct and management of the business of
the corporation: and also to issue full
paid shares Of stock. bonds or obligations
OF the corporation in payment for labor
done, services rendered. money borrowed
or property or rights received by the cor
roratiOn.
ARTICLE NI.-ThiS act of inrorpora-
ion may be modified. changed or altered
the capital stock may b" increased or de
creased. or the corporation may he dis
solved or hquidatcd at Il general meeting
of tn" stockholders called for that pur-
pose after previous notice shall have been
given a. required by law, by the assent
of the number of stockholders as provided
10y law.
ARTICLE Whenever this corpora
ion may b. dissolved. either by limitation
or from any other cause whatsoever. its
affairs shall be Hquidated by three stock
holders to be- appointed at u general
meeting of stockholders. convened for that
purpose after previous notice given ~ re-
qnired by law. each share of stock being
entitled to one YOt" in person or by
proxy, or by letter the signature To which
shall have been ACKNOWLEDGED as re-
quired by law; said" liquidatOrS shall re
main in office until the affairs of said
corporation shall have been fully settled
and lquidated. and shall have full au-
thOrity and power to transfer and give
title to all the assets and property OF
the corporation. In case of death dis
ability or resignation of one or more of
said liquidatOrS the vacancy shall be fill
ed by election by the remaining liquida-
tor or EquidatOrS.
ARTICLE NITI.-NO stakeholder shall
ever be held liable or responsible for the
contracts or faults of the corporation in
any further sum than the unpaid balance
due on the shares of stock owned by him:
nor shall any mere infOrmality in Orga-
| nization have the effect of rendering this
charter null. or of exposing any stock
| holder to any liability beyond the amount
due on his stock.
ARTICLE IN.-The names and post
office addresses of the subscribers to the
stock of this corporation are us follows:
&. Ecresford Fox. 1902 State St. New
Orleans: Walter Il. Chilean. Al Walnut
81. New Orleans: Anthony Wizard. lbs
Nashville Ave. New Orleans: William l..
Logan. 800 Canal Commercial Bank Build
ing. New Orleans: Edwin \. MckOy. 1879
SOniIt ST. New Orleans; all of whom have
been chosen aud selected to serve as the
first Board OF Directors of this corpora
ton until the second Tuesday OF April.
1921 nF nufil thpir hny
been elected and qualified.
EtltLE N.-ThiS corporation shall
commence business soon as fifty per
cent of the capital stock shall have been
subscribed and fifty per cent of the stock
subscribed shall have been paid for, and
in order that this charter may also serve
aS the original subscription list the sub
S"rihers l"reIo have set opposite their re
Spcctive names the number of shares sub
Scribed by eTch of them.
Thus done and passed in my office in
the presence of Leo. l.. Dubourg and Louis
j. GrlIs. competent witnesses of lawful
age. WIN hays hcrpuntO signed their names
with said appearrrs and mo. Notary, on
the day and date herein first above writ
ten. after reading of the whole.
Wriginal Signed) e. Beresford Fox.
1866 shares: \. Wizard. 1865 shares: Wal
ter u. Chilean. 1866 shares: W. b. Logan.
per pro \. Wizard. l share; f. \. Mickey.
| share.
Witnesses: Leo. l.. Dubourg, Louis J.
Gelpi
HENRY 7. DART, JR..
Notary Public.
April IL. 1920.
!. tn" undersigned. Recorder of Mort
cages, in and for the Parish of Orleans
State Of Louisiana. do certify that the Act
of Incorporation of the Acme Products
Co. Inc, WAS this day duly recorded in
my office. in Book 1912. Folio -.
New ORLEANS. April IL. 1920.
tSigned) NJ. j. DUNN. Il. NJ.
/ hereby certify the ahOyp and fOrprO-
ing to be Il correct copy of the original
on file In my office.
HENRY p. DART. JR..
Notary Public.
APP. D. May %
AMENDMENT TO CHARTER OF THE