The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-05
CHARTER OF THE CRESCENT CITY
NEWS PUBLISHING COMPANY, IN
CORPORATED,

CHARTER OF THE CRESCENT CITY
NEWS PUBLISHING COMPANY, IN
CORPORATED.
United States Of America. State of Louis
lana, Parish of Orleans, City of New Or
leans. BE IL known, that on this nine
teenth day of the month of December
| in the year Of our Lord, one thousand
nine hundred and nineteen, and of the
Independence of the United States OF
fourth; before me, Rene c. Metoyer. a
notary public, duly commissioned and
qualified. in and for the Parish of Or
leans, State of Louisiana, therein resid-
ing, and in the presence of the witnesses
hereinafter named and undersigned, per
sonally came and appeared the several
persons all of lawful age, whose names
are hereinafter subscribed, who declared
that availing themselves of the provisions
of the laws of the State of Louisiana
relative to the organization of Trading
Corporations" they have mutually agreed
and contracted, and Tor by these presents
| mutually agree, contract and obligate
themselves, as well as all such other per
sons who may hereafter become associated
| with them to form and constitute them
selves into corporation, or body polite
in law, under the name, and for the OBJ
jects and purposes, and under the terms
stipulations and provisions contained in
the following articles, to-wit:
ARTICLE 1.-The name and style OF
this corporation shall be the Crescent City
News Publishing Company, Incorporated
and under its corporate name shall enjoy
existence for the period of fifty years
from the date hereof, unless sooner dis
solved according to law.
ARTICLE 1.-THE objects and purposes
for which this corporation is formed, are
hereby declared to be as follows:
O The publishing in the City of New
Orleans Of daily newspaper, and the
taap rwvfwa .E .ar.&s. Ill
Of its branches in connection with said
newspaper, and to buy, sell, handle and
deal In printing materials necessary or
advantageous with the carrying on of said
business, and to acquire and operate such
plant as may be necessary adjuncts to the
operation of said business.
(2) 1t shall have power and authority
under its corporate name to sue and be
sued, to make and use a corporate seal
with such inscription and device as il
may deem fit, and proper, and the same
to break and alter at pleasure.
(D To borrow money for all purposes
hereinabove set forth, and to issue from
time to time, and to any extent neces-
sary or convenient in the opinion Of the
Board Of Directors Of this corporation,
negotiable notes or other evidences of in
debtedness.
az To hold, receive, purchase, convey.
deliver, mortgage, hypothecate and pledge
property both real, personal and mixed,
all subject to SUCH limitations as may be
prescribed by law.
and regulations for the proper manage
ment and control of fits affairs. as 1t may
deem necessary and proper, and the same
to amend at pleasure.
90 To appoint such managers. agents
employees, and assistants as the inter-
the same to dismiss or discharge as ma!
be deemed necessary and proper.
ARTICLE III.-The capital stock of this
corporation is hereby fixed at the sum
of five thousand dollars (S5,00000 to be
represented by one thousand shares, OF
the par value of five dollars each.
All stock shall be common stock, and
shall be issued only for cash, or for prop
erty actually received, and shall be paid
for at such times and in such intallments
as the Board of Directors may direct.
ARTICLE Iv.-The capital stock Of thi,
corporation may be increased in accord
ance with law, to the sum of one hun
ARTICLE v.-The domicile OF this cor
poration shall be in the City Of New Or
leans, State of Louisiana.
ARTICLE VI-The corporate powers OF
this corporation shall be vested in and
exercised by a Board of Directors, to con-
sist Of nine persons, each OF whom shall
own in his own right at all times during
and unpledged shares Of the capital stock
Of the corporation. Said Board Of Di-
rectors shall be elected at a general meet
ing of the stockholders, to be held an
nually on the the second (2nd) Tuesday
Of October. and shall hold office for the
terms of one year. or until their success
sors are duly elected and qualified.
Each Stakeholder shall be entitled to
one ~ vote in person. or by written
proxy for each full paid share of the
capital stock owned by him. and not trans
ferred on the books of the corporation.
All notices of stockholders meetings for
the election of Directors shall be In writ
ing, and delivered to the stakeholder in
person, or by depositing same in the post
office, properly addressed to the last
known address Of the stakeholder. at least
fifteen (15) days before such meeting. AT
least two days before said meeting, n CON-
plete list of stockholders entitled to vote
shall be open to inspection by the stock
holder at the place of such meeting.
All elections for directors shall be by
ballot, and held at the Office Of the cor
poration. in the City of New Orleans, be-
tween the hours of 10 O'Clock a. m, and
O'Clock p. m, under such rules and
regulations as may be fixed by the Board
OF Directors. A majority Of the votes
cast shall elect.
The Board of Directors thus elected
shall at its first meeting. elect from among
their own number, a President Vice
President. Secretary. and a Treasurer,
and shall hold Office for the term of one
year, or until their successors are duly
elected and qualified.
Said Board of Directors shall have power
to fill any vacancy occurring in their own
number.
ARTICLE Vino 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 by him on the stock for which he
has subscribed, nor shall any failure to
elect, or any mere informality in or
ganization have the OBJECT of rendering
holder to any liability other than as
above provided.
~ A XII vIII-Untii the election e