The herald., 1920-03-18
CHARTER.


New Orleans. La: l.. VI. Ash, SLl2 Gentil-
~ Terrace, New Orleans, La, with Julian
II. Sdenger. president; Victor &. Howard,
vice president: \. .. Bourbon. vice-presi-
dent; +. V. Richards, secretary. and l.. VI.
Ash. treasurer. All meetings OF the stock
holders and directors must be held at the
domiCile of the corporation or At such
place as the board of directors shall pro
vide provided that with the consent of all
the directors valid meetings of directors
may De held out side of the state or within
the state. elsewhere than at its dOmicile.
Notice shall be given of all stockholders
meetings IS provided by This charter. cN-
ccPt aS otherwise required by law. hut said
motto" may he waived by unanimous CON
sent of all the stockholders The first an
nual meeting Of the stockholders shall he
held on the first Monday of February
1921, or rs soon thereafter n practicable
at such hour rs the board of directors
shall determine. hut failure to hold said
meeting shall not iuyaidatc this charter
nor impair tn" same in any respect nor
di>Soly" OF in any way affect the corpor-
alton. but all directors and officers then
in Oft," shall hold over aud continue Uu-
I'll thr election shah be- held at such
time Thereafter aS the board Of directors
may fix and until their Successors arr"
elected and qualified. The hoard Of dire
tors shall Immediately. or as soon rs prac-
ticabl" after their election elect Ia" off
GERS Of this corporation. who arr. hereby
presidents. secretary and treasurer.
Tn" board Of directors may from time to
time appoint such other officers. agents
and employees rs said board may deem
proper and preScrih" tn" powers and duties
Of all officers. agents and EMPLOYEES aud
fly their compensation. The board Of di-
rcctorS may from tim" to time adopt alter
amend or repeal such bylaws rules and
regulations as said hoard may determine
provided sam" ar" not in conflict with or
sst 81.
or with such 10y laws. rules and regulations
~ may br adopted bE the stock holders NJ
any tim" the hoard may mcrG" the office
of secretary and treasurer into one. after
which said officer shall be designated a.
So, Rotary treasurer. and said board shall
also have the right at any time 10 reduc"
the number Of vice presidents To one if
the board 20 desires.
ARTICLE VI. This act Of Incorporation
may la. amended. modified. or altered. or
said corporation may be- dissolved. with
the assent of two-third~ of al its capital
stock. at u general meeting of the stock
holders to be convened tor such purpose.
after fifteen 90 days tSundayS and legal
holidays incl rdcdl previous notice of such
meeting shall have been mailed to such
StO, khOldcr> AT his last known post office
address. which notice may hc waived by
unanimous consent
ARTICLE VII No stakeholder shall
ever be held liabl" or responsible for the
contracts. faults or debts of the corpora
ton. nor shall any informality in th" mode
of organization haV" Ia" effect of render
ing this charter null or of exposing any
~tO, kholder TO any liability. beyond the
unpaid balauc" due on the shares of stock
owned by him
ARTICLE VII When this corporal ion
* dissolved by limitation or otherwise, its
affairs shall L." liquidat"d by one or NOR"
lipuidatorS. who shall he elected from
l. Il. u
ing of The stockholders authorizing such
dis solut ion. or NJ . meeting held for the
purpose Of clcCting such liquidatOrS. The
said liQnidator> shall remain in office until
he affairs of the corporation shall have
been duly liquidatpd. and shall receive such
compensation and have such powers and
duties and be subject to such limitations
as the stockholders shall from time TO time
provide In ease of the death rcSig
nation or inability to act of one or mOr"
Of the liuuidatOr> the stockholders shall
till such vacancy or vacancies from among
the stockholders of the corporation. The
lquidators shall have the power to dis
pose OF all Of che property and assets of
he corporation 1T public auction or private
sale and To make title thereto. and to do
al other acts necessary TO completely liqui-
date the corporation. realize upon its as
SETS. and divid" the proceeds among the
various stockholders. all subject. however.
TO such limitations as the stockholders may
from time to time provide.
ARTICLE IN. The parties hereto have
annexed hereto an accurate detailed and
itcnizcd description of the property to he
transferred to the said corporation i'll pay
mcnt of the stock subscribed for. together
with the value thereof as appraised by the
board Of directors herein named: and the
same has been signed by the parties hereto
aud paraphed Ne Nari"tur" by me, No
tarN. for Identification with these presents
ARTICLE y. The names and post Of
flee addresses of the subscribers to these
articles of incorporation. and statement
of the number of shares of stock which
each agrees to take i'm the corporation. is
as follows. to-wit: Julian III. Sacnger
3:EI2 GENTLY Terrace, New Orleans. La.
2i6 shares; Victor G. Howard. 25l7 ST. Ann
street. New Orleans La. l share; \. q.
BOu rdOn. Biloxi, Miss. | share; +. V.
Richards 7740 Belfast street, New Orleans.
La. one share: l.. VI. Ash. :i,EI3 GENTLY
Terrace, New Orleans, La. one share.
Thus done and passed ut my office in the
city Of New Orleans state of Louisiana,
on the day. month and year herein first
above written. in the presence of MeSsrS
Elkin Moses and II. II. G. Wedemeyer.
com petent witnesses. who have signed
these presents with the said appearerS and
me. notary. after due reading of the
whole. Original signed: J. ii. Saenger.
a;Ers Grntilly Terrace. New Orleans. La. 246
shares. $4,000; +. V. Richards. 7740 Bel
fast street, New Orleans. La. one share,
500: L. NJ. Ash, 1903 GENTLY Terrace New
Orleans. La, one share, 500; \. q. -Four
don. Biloxi. Miss. one share, 500: Victor
&. Howard. 25l7 st. Ann street. New Or
beams La, one share, 800. Witnesses FL
Kin Moses ii. II. c. Wedemeyer.
CHARLES ROSEN. Notary Public.
\ true copy Of the original.
CHARLES ROSEN, Notary Public.
Mar i-Apr. )