The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-08
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 at any
of the meetings of the Board of Directors,
any of its powers to any officer or Off
cIs or any other representative of the
company by appropriate resolution to that
eff, ct.
The first Board of Directors Of this
company shall be composed of the fol-
lowing: George w. Prechter, s. Il. Alcus,
W. Il. Morgan, Henry Alcus, Ralph J.
Schwarz, with S. Il. Alcus as President
Geo. w. Prechter as Nice-President; Henry
Alcus as Treasurer; w. b. Morgan, as Sec
Rotary.
The Directors shall elect from their num-
Der "A President, one or more Vice Presi-
dents, 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 a 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
III TO eacn StOckhOlder
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 annual
meeting or other meeting, general or spe-
cial, be entitled, in person or proxy, 10
one vote for each share of stock owned
by him.
hall ha hnlI H.
and regulations as may from time to time
be determined by the Board of Directors
The directors when elected, shall hold
office for one year or until their sue
cessors shall have been elected and quail
fed; 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 Board OF
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 fill the
vacancy then stockholders meeting shall
De duly called to elect a new director
The Board of Directors may be Increased
from three to five by majority vote OF
the outstanding stock at any annual meet
ing or at any special meeting of the stock
hoiders called for such purpose and with
out the necessity of any amendment or
alteration of this charter
ARTICLE VIII. This charter or act al
! 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, subject
only TO limitations as may be by law
PROVIDED; and this corporation shall have
the power TO increase or decrease its
capital stock as hereinbefore set out. and
any increase in the capital stock I'm OK.
cess OF the amount named herein as tbe
amount to which ii may be increased NAV
outstanding stock.
ARTICLE IX.-Notice of any and al
meetings referred to in this charter n,
required by law, shall be given in the
manner provided in giving notice in case
hon t eieG. a; unless the same shall have
In case of the dissolution, Humiliation
or termination of this charter. by Iimita.
tlon or otherwise, the affairs of this cor.
p pnrn Ii snail be iiquidated by one oil
more nquldators elected by the stock
hoiders, who may provide the number o.
SAID 1qufdators and vest them with sucI
power and authority as may by law h,
,H and FIX the terms and condi
their compensation, and provide tbot =,
case OF disability of any of said lionida
lots the remaining liquidators NAV IN m,
..acancy or continue to act on behalf q
|
ARTICLE X.-No stockbolder NJ tb,
corporation shall be liable or responsihj,
Lor any costs, contracts, debts or fanlt
Vi tnls company, or any of its officers no
snai any mere informality in orpaniza
ion nave the effect of RENDERING tbi
charter null and void, or of exnosina
stockhoider to any liability beyond IN,
| him. NA '"e STOCK heid b!
ARTICLE XI-The subscribers be-a,,
nave written opposite their names 81,
NUMBER OF shares subscribed 70 hy oan,
OF them and their post office addrssSes
SO that this charter NAV serve as ~,
SUBSCRIPTION list of the cornora,ion t a'
OF winch subscriptions are pavabIa IN ,h,
manner inner and form set out herein -"
| 4. mus done and passed at nv off,oo :,
| tne City Of New Orleans To1isianne ~
, nnJ 1ay' month and year herein first ahoy,
MI IN the presence of VIM. 7 Cnst
nn.s "aner Revertiga, competent Wit
nesses, who have hereunto signed ,hns.
presents with the said appearers and ,no
WY, after due reading of the Who'll
Williams J. Guste.
! walter Revertiga.
recorded in NJ o. Ii. 1913 fo,;o n
ish of Orleans. iono Far
| (SeaD
HERMAN L. BARNETT
A true conv Notary Public.
| HERMAN L. BARNETT.
Dec. e5-Jan 90 Notary Public.