The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-15
CHARTER.

process shall be served upon the PrcSi-
dent Of this corporation. or, in case of his
absence, upon the Vice President. or. in
case of the absence of both of these Off
GERS, upon the Secretary thereof.
ARTICLE III.-The objects and pur-
poses for which this corporation il estab-
lShed and the nature of the business to
be carried on by it are declared to be to
buy and sell the Grant Quick Ice Machine:
to install machinery in refrigerating
plants; TO take agencies for the sale of
Ice machinery; TO acquire rights to pat
entS and the right to manufacture such
machines and generally to do everything
needful and necessary; to buy. sell and
market the Grant Quick lee Machine and
other machines of "A similar character and
to do all things in connection with the
sale and purchase of such machines.
ARTICLE IV.--Thc capital stock of this
corporation shall be five thousand dollars.
divided into fifty (J0l shares of the par
value of one hundred ($lOO.OOD dollars
each, and may be increased to the sum
of twenty-five thousand tS-5OO0.OOl dol
lars, divided into two hundred fifty C2IO)
shares of the par value of one hundred
t$lOOOOD dollars each, and this corporation
is to he n going concern when Onr-half of
the capital stock has been subscribed and
one half of which substitution has been
paid for. Each share of said stock shall
be entitled to one CD vote, either in per
son or by proxy. at all general elections
or meetings of the stockholders.
ARTICLE V.-No stakeholder shall ever
debtedncsS. faults or defaults of this cor
poratiOn. nor shall any mere informally
III the organization of the corporation
have the effect of rendering the charter
null or of exposing the stockholders TO
any liability beyond the unpaid balance.
II amy, on their subscriptions.
ARTICLE VI.-This corporation shall
have all powers granted to such corpora
lions by law and shall have the power TO
contract, sue and be sued in its corporate
anne, and To own, hold. receive, loan. lease
purchase. sell and convey or mort gage any
and all of its effects. or to hypoth"cate its
property ana to do any and all acts and
things of any kind, nature or description
as may hc necessary to carry out the oh
icctS ana purposes Of said business as it,
Interests and convcnirnces may require.
ARTICLE NII.-Thc business of this
corporation shall be directed by and vest
Ell in a Board of Directors Of three mem
b"rS two of whom shall constitute q
quorum for the transaction of business
and the said Board of Directors as first
constituted shall Ice composed of l.. l.
Virgin, Duncan Nrrvland and T.. A. Virgin
and they shall hold office until the third
Tuesday in March, 1921, and on that day
aud on the same day thereafter each year
elections shall br held for Directors at
| the principal office of the corporation and
! th" election shall he held between the
hours of ten and twelve u. m. Failure t.
! hold an election on the day specified shall
! not dissolve the corporation. hut the hi
rectorS shall hold their respective office
until an election shall he held after thirty
days notice Of the time and place Thereof
/ given to each stakeholder. The said Boart
! OF Directors. at their first meeting. shall
| elect from among their number Pres
| ldent. Vice President and Il Secretary
| Treasurer. provided, however, that tn,
| Secretary need not hp stakeholder OF
member Of the Board OF Directors AM
| any Vacancy IN that offic" shall he filled
i by til" Board. Directors may act either
/ in person or by proxy.
! ARTICLE NIII.-Whcncver this corpOr
! alton il dissolved. either by limitation 81
| for any other cause. its affairs shall b,
| liquidatpd by the Board of Directors whC
are hereby vested with full power to sci
| any or all assets of the corporation. cithe
| separately or in Il mass. and to convey
| full and complete title thereto. aud shall
! have full power to do aud perform all act
! necessary and proper to fully and com
| plctrly liquidate the affairs and diStrbut,
| the proceeds. if any. among the stock
| holders of the said corporation to tn,
amount of stock held by each.
| ARTICLE IN.-ThiS act of incorporation
| may he amended. altered and modified o
| this corporation dissolved in the mamie
provided by law.
! office. In the City of New Orleans OH tn
= day. month and year first above written
in the presence of Amanda e. StechmanI
and Ruth VI. Seller. competent witnesses
who hereuntO sign their names. tOgethe
| with the parties hereto and me, Notary
after reading Of the whole.
Witnesses: Amanda G. Stechmann, Rutl
| VI. Seller.
f. Il. Virgin. 40 City Park Ave. New
Orleans. La. ri shares: Duncan Nreeland
502 Nashville Ave, New Orleans. La. =
shares; Edwin 4. Virgin. 7J6 City Parl
\. \. MORENO, Notary Public
| Apr. SHAY H.