The herald., 1920-07-15
CHARTER


rs Secretary and Treasurer. 49, may be de
tcrmincd 10y the BOARD. Four of tn" hi
rrctOrS shall constitute Il quorum for ia"
transaction OF all business aud any Na
caucy occurring on said Board shall h'
filled bS the remaining Directors for ia"
uurNpirrd term. Tn" said Board ct ID
rcctorS. or such officer or mIui="r as il
may designate shall appoint such Officers.
said corporation ~ may b" necessary for
it, business, ana shall dismiss tn" same
and the tenure Of office and employ mcut
of all Officers. managers. clerks and en-
ployrt> shall h" during TIA" pl":t~ur" ut
said Board. The said Board shall hHN.
the right and power To buy. sell. improve.
contract. lease. borrow money. i~~u" bonds
and execute mortgages, and in general. 10
exercise all tn" powers of I'll" corporation.
a~ well ~ To carry out its objects and pur
poses. and all without reference to or
authorization 10y the stockholders. From
time To time. said Board shall adopt rules.
regulations and bylaws for til" manage
mcut and control of the business and af-
fairs of said corporation. and. in It's dis
erection. shall cancel. chang" AMI modify
the same.
ARTICLE VI No subscriber hereto or
stockhulder of tn" corporation shall ever
be held liable or responsible for IN" con
tracts. faults or debts of said corporation
nor shall any mcr" informally in its or
gIniZation hav" the effect Of rendering
this charter null, or of exposing amy
subscriber or StOCkholdCr TO any liability
the shares subscribed for or owned 10y
him.
ARTICLE VII. This. act of incorpur;i-
ton may he changed. modified. or altered.
or said corporation may bc dissolved. with
the assent of the holders of twO-third> ~
the stock OF the corporation. whose own
rTS are present and represented at Il gen
cral meeting of tn" holders Of stock. after
AT least thirty days written notice of such
meeting has been given through mail. nd
dressed To each stakeholder AZ his place
of residence. aS shown on the books OF
the corporation. In ease of dissolution.
whether 10y the expiration of this charter
or otherwise. the holders of stock shall
elect three liquidatOrS from among their
number. To liquidate and settle the bust
ness and affairs of said corporation. In
cas-" of death or disability Of any of said
liquidatOrs. the survivors. or the remain
ing lipuidatOr~, shall appoint successor
to such liquidatOr. Said liquidatOrS are
hereby given fun power. either 10y court
or law proceedings, or without such pro
Cecdings as they shall elect. To collect
all amounts due the corporation, sell o
OtherwiS" dispose Of its assets, pay its
debts and liabilities. and compromise and
settle all disputed questions and matters
and shall have and exercise all other pow
ers necessary and usual Ia fully and final
~ settle, wind up and hIuidate all the
business and affairs of the corporation.
and distribute its net assets or funds
among its stockholders in accordance with
their respective rights.
ARTICLE VIII.-The names of the first
Board of Directors and their pOstoffice
addresses are as follows: Lamar &. Mays.
1901 ). Claiborne Street. New orleans. La.
John J. DahlStrom. J}26 coliseum Street.
New Orleans, La: Pierre '. blanchard.
pOnaldSOnVille, La: Charles V. BENJAMIN.
Ernest l.. Sternberger. Amite, La; Julian
+. benjamin, 1851 Prytania Street New
Orleans. La, and Adrian &. benjamin,
1851 Prytania Street. New Orleans Lat.
The said Board of Directors. with said
Lamar &. Mays. President. and said John
J. Dahlstrom as Vice President, and with
said Pierre V. blanchard as Secretary, and
Charles V. benjamin as treasurer. shall
serve until the first Monday of July, 1921
or until their successors shall bc elected.
The names and pOStOffice addresses of
the subscribers hereto and the number of
shares which each agrees To take in the
corporation are as follows. tO-wit. John
j. Dahl>trOm, j326 Coliseum Street. New
Orleans. La, fifteen hundred and one
shares; +. l.. Sternberger. Amite, La. one
share; Julian +. benjamin, 1851 Prytania
Street. New Orleans, La. two hundred and
twenty shares; Charles V. benjamin. 1851
Prytania Street New Orleans. La. fifty
shares; Pierre V. blanchard, Donaldson
Vile. La. fifty shares; Adrian &. Benja-
min. 1851 Prytania Street, New Orleans,
La, fifty shares; Lamar &. Hays. 1908 :.
Claiborne Street, New Orleans. La, thirty
shares.
ARTICLE IX.-The corporation shall
issue to the said Lamar e. Mays thirty
shares of stock, which represent his sub
scriptiOn to the capital stock of the cor
pOratiOn, the same to be paid for by being
accepted by the said Lamar 4. Mays in
full payment of his interest in the contracts
hereinabOve mentioned. which he has
transferred and assigned to the corpora
ton.
Thus done and passed. at my office, in
the City Of New Orleans. on the day, and
in the month and year herein first above
written. in the presence of MesSrS. AZZO
!. Plough and Lawrence NOllenweider. Jr..
competent witnesses, who have hereuntO
signed their names with said parties AN,
me, notary, after reading of the whole.
Original signed) J. J. Dahlstrom. 1901
shares; r. l.. Sternberger, / share: Julian
+. Benjamin. 22O shares: Charles V. Ben
jamin (per j. i. Benjamin.. 10 shares
Pierre V. Blanchard. 10 shares; Adrian &.
benjamin, 30 shares; Lamar {. Mays, 30
shares.
Witnesses: AzzO J. Plough. Lawrence
VOllenweider. Jr.
HENRY q. MCCALL. Not. Pub.