The herald., 1920-08-26
CHARTER.

| poration as may be necessary and proper
| the same to alter at pleasure. and gcncr
| ally to do and perform all such acts as
j may be proper and necessary to carry out
| and execute the purposes Of this corpora
| ton and TO exercise all powers conferred
on corporations by act 216 OF 1914 or the
amendments thereto.
ARTICLE III.-Thc capital stock of this
corporation IL hereby fixed at the sum Of
one hundred thousand $500 900 co. dollars
all Of which shall be common stock Said
stock shall he represented by one thOuS
ana shares Of a par value of one hundred
($lppD dollars each. No stOCkhgl drr
shall have the right TO dispose of his stock
until he shall have first offered the same
20 the other stockholders. through tho
Hoard Of Directors of this corporation. and
the said stockholders, through said Board
OF Directors, shall have the right for
thirty 600 days from the date OF such
offer to purchase said shares AT their book
value as shown by the balance sheet of the
last preceding month. and notice TO this
effect shall be printed upon the face Of
each certificate of stock. The capital stock
of this corporation may be increased to
TWO hundred thousand $500 Oc0 OOJ dol
lars.
ARTICLE Iv.-AH of tho corporate now
ers Of this corporation shall vest in and
be exercised 10y Il Board Of Directors COM
posed of seven stockholders of this cor
pOratlon. These directors shall be elected
az meeting Of the stockholders held for
that purpose at the dOmicile Of the com
pany On the first Tuesday after the fiji
| tenth day Of January Of each year. Ice
ginning with the first Tuesday after the
fifteenth day Of January. 1921. notice Of
which meeting shall bc given TO each stock
| holder at least fifteen go DAYS prior to
! such meeting, in written or printed no
| tee. either delivered personally or hy de
| posting said notice in the p0stoffir,..
| properly addressed 10 the last known ad
| dress Of each stakeholder, as shown by
| the books of the corporations NJ least fiji
htf u.I In .E.I
| postage prepaid. The first Board Of hi.
! rectors of this corporation * hereby de-.
| ciared TO he composed of the following
| stockholders. r. l.. sanford 20 whitney
| central Bldg. New Orleans, La: r. II
| Fl"mings. 20 Whitney Central Eldg.. Nv
| Orleans, La. Edward {. NanDryautrr BIO
/ Whitney Central Bldg. New Orleans la:
! Fred ii. Crew, 20 whitney Central Bldg
| tial Bkg.. EuffalO. y. Y; y. W Marshall
| Prudential Bldg, buffalo y. y: George
| W. Foster. ColumbuS Savings X Trust co
| Bldg Columbus. Ohio. and they shall
! following the fifteenth day of January
| l?2l, aud until their successors are elected
and qualified. The Board of Directors Of
| THIS corporation shall immediately after
their election and qualification for office
| elect from their number President q
| First Vice President. a Second Vice Presi-
dent, Secretary. and Treasurer. The
| first President Of this corporation is here
! by declared 10 Ice +. l.. Sanford; the first
| First Vice President is hereby declared to
! be &. W. BOdge: the first Second Vice
| PRESIDENT Is hereby declared to be George
| W. Foster; the FIRST Secretary is hereby
| declared to be X. III. FlcmiugS and the
| hr>t Treasurer is hereby declared to be
| Edward {. Van DeyanteT, and they shall
| hold their offices until their successors are
| elected and qualified. \ failure to elect
| Directors or Officers on the date herein
| stated shall not affect the legality of this
corporation or the acts of the corporate
OFFICERS and such Officers shall continue to
| act until their successors are elected and
qualified At meeting 10 be specially
called after notice as hereinabove pro
yided. each stakeholder shall be- entitled
to one vote for each share of stock ap-
| pearing in his name on the books Of the
corporation. and there shall be no cumu-
lative voting. The Directors of this cor
| poratiOn shall be permitted TO execute
in writing, their proxy TO any other stock
| holder 10 act for said absent director at
| any meeting OF the Board of Directors of
the corporation.
ARTICLE V.-No stakeholder shall ever
be held liable or responsible for the CON
tracts or faults of this corporation in any
further sum than the unpaid portion of his
subscribed stock, nor shall any mere in
formality in organization have the effect
OF rendering this charter null or exposing
a stakeholder TO any liability other than
as above provided.
ARTICLE VI.-This charter NAV be
| amended. the capital stock increased or
decreased. or this corporation dissolved in
accordance with the provisions of act 267
Of the Legislature of the State of Louis
lana for the year 1914. and any amend
mentS thereto.
Thus done and passed in my notarial
office at New Orleans, La, in the pres
ence of Antoinette ID. Hornuff and Ru-
dolph J. Weinmann, on the day and date
hereinaboye written, after due reading of
the whole. the subscribers to this corpora
ton hereby affixing after their names the
amount of stock respectively subscribed
for by each of them, and they hereby de-
clare this to constitute their stock sub
scription list.
Original signed) F. L. Sanford, 2l5
Whitney Bldg. New Orleans. La 200
shares; r. ii. Fleming. 2l5 Whitney Bldg.
New Orleans. La. go shares: Edward G.
Van Devanter. 215 Whitney Bldg. New Or
leans. La. 30 shares: Fred ii. Crew, 215
Whitney Rldg. New Orleans, La. 20
shares; c. w. Dodge, I'D Prudential Bldg.
Buffalo. n. Y, 200 shares; Nelson w. Mar
shall. I'D Prudential Bldg. Buffalo. N Y.
30 shares: G. w. Foster. 429 Columbus Saw.
& Trust Bldg. Columbus Ohio. 80 shares.
Witnesses: Antoinette ID. Hornuff, Ru-
dolph J. Weinmann.
AUGUSTUS G. WILLIAMS.
Notary Public.
A true copy of original. which is re-
corded in Parish OF Orleans, NJ. o. Il. 1916.
Folio Ill.
ATCIrSTI-S q wJTJIAMS