The herald., 1920-01-15
CHARTER.

posed Of not less than three and not more
than five stockholders, two of whom shall
constitute a quorum If there are three di-
rectOrs, and three of whom shall cOnst-
tute a quorum If there are four or five
directors, for the transaction of business.
The Directors of this corporation may
vote in person or by written proxy Mt any
of the meetings of the Board of Directors,
and the Board Of Directors may delegate
any of its powers to any officer or off
GERS or any other representative OF the
company by appropriate resolution TO that
effect.
The first Board Of Directors Of this
company shall be composed of the fol-
lowing: George w. Prcchter $. T. Alcus,
w. Il. Morgan, Henry Alcus, Ralph
SchwarZ, with ). Il. Alcus as President !;
Geo. W. Prechter as Vice President; Henry
Alcus as Treasurer; w. Il. Morgan, as Sec
rotary.
The Directors shall elect from their num-
Der President, one or more Vice Presi-
dents, a Secretary and a Treasurer,-the
two latter offices may be combined at the
discretion of the Board. And they shall
serve until the second Wednesday n Jan
uary, 1921, or until their successors are
elected and qualified.
The Directors shall be elected annually
by the stockholders, at n meeting held on
the second Wednesday in January, in each
year thereafter.
Notice Of such meetings shall be given
fifteen days prior to the date OF the meet =
ing, in writing, sent to each stakeholder
at his last known address The Board
of Directors may change the date Of such
meetings by giving notice in the manner
above provided. Notice may be waived
provided all the stockholders consent in
writing to such waiver of notice
Each stakeholder shall at such animal
meeting or other meeting, general or spe-
cial, be entitled, in person or proxy, TO
one vote for each share Of stock owned
by him.
lasff hal In l.
and regulations as may from time TO time
be determined by the Board of Directors
The directors when elected, shall hold
ottice Tor one year or until their sue
ceSsors shall have been elected and quail
ned; and failure to hold the annual meet.
ing OF the stockholders. or to elect an
nually the directors, shall not operate the
forfeiture of this charter of any rights
hereunder.
Any vacancy occurring in the Roord NJ
Directors may be filled by the Directors
for the unexpired term, and in the event
that the remaining directors cannot agree
upon the person to be appointed to fiII the
vacancy then a stockholders meeting shall
DC uuly called to elect new director
The Board of Directors may be Increased
from three TO five by a majority vote Of
the outstanding stock at any annual meet
ing or AT any special meeting OF the stock
holders called for such purpose and with
out the necessity Of any amendment or
alteration of this charter
ARTICLE Will This charter or act NJ
incorporation may be changed. modified.
altered or amended by and with the con.
sent of two-thirds OF all the stock present
at any meeting, general or special held
Tor that purpose. and such amendment
may be material or immateriaL subiect
onIy 70 limitations as may be by law
provided; and this corporation shall have
the power to increase or decrease its
capital stock as hereinbefore set ont and
any increase In the capital stock in ex-
Sess Oh the amount named herein as the
amount to which IL may be Increased may
be made by a three ourths vote Of siI
outstanding stock Va an
ARTICLE IN.-Notice of any and all
meetings referred to in this charter or
Iequlreu by law, shall be given In the
manner provided in giving notice in case
DL eIectlons: unless the same shall have
been waived.
In case of the dissolution. Humiliation
tion 'e IN of this charter. by lmita-
oou or otherwise, the affairs of this cor
poratlon shall be liquidated by one or
more lquidatOrs elected by tho stool
noi9efs, VINO may provide the number az
na,u HqulGators and vest them with sucb
PoMeI ana authority as may by law he
permitted, and fix the terms ana corS;
uons upon which they shall serve and
IneIr compensation, and provide that In
case OF disability of any of said iinnidal
vona, Tue remaining liquidators may mi the
Vacancy or continue to act on behalf %,
the corporation. ii vi
ARTICLE X.-No stockboldar n, .,,.
corporation shall be liable or resnons;hio
Ior any costs, contracts, debts or 1anIts
OF TINS company, or any of its Officers me-
,i any mere informality in organize.
Iion nave the effect of RENDERING this
cnarter null and void. or of exposine :
S,ockhoIder TO any liability beyond tbo
him. '"e STOCK held by
ARTICLE XI.-The Subscribers boro,,
nave written opposite their Names ~
nS n .r OF shares subscribed TO nv eanb
Vi tnem and their post office adjrasSoI
81 tnat this charter NAV serve as a.
SUBSCRIPTION list Of the cornoration .n ny
Vi winch subscriptions are havana a. "a. hil
na mtr ana form set out herein '"e
tha Gs zone and passed at NV office ;n
the lily or New Orleans, Louisiana on
, NE Jay month and year herein FIRST ahoya
an5 'em IN the presence of VIM 7 Grs,e
I'LL nu waiter Revertiga. competent ,.;t
1850 VINO have hereunto siunad ,hno-
presents with the said appeareSs ord tn res"
''Jtaty, after due reading of the wbn,e
Williams J. Guste
walter Revertiga
g.. recorded in N. o. b. 1o3s folio Q d..
lsh of Orleans 100 iono .. Par
(SeaD
HERMAN L. BARNETT
A true conv Notary Public.
HERMAN L. BARNETT
n. ~ Notary Puhljc