The herald., 1920-04-22
CHARTERS.

CHARTERS.
plant: to exchange it, cltiTr capital stock.
or any part thereof. for stock which ii
is hereby authorized to acquire. or to ex-
change its entire assets and business, ia
whole of in part. for money or stocks or
bonds or other obligations of other com
panieS; and to do any and all such acts
and things as may or shall be necessary
and proper to carry out the said above oh
j"ctS and purposes.
ARTICLE IN.-The capital stock of this
corporation is hereby fixed ut Five Thou
sand (S5.OO0.OO) Dollars. divided into fifty
(jOD shares of the par valu" of One Hun
bred (Sl0OOW Dollars per share. The
amount of said stock may Ice increased to
One Hundred Thousand Dollars (S1O0-
OO000l.
ARTICLE N.-All the powers of this
corporation shall be vested in and eXer-
ciScd by Board composed of three direc-
tors. Said Board shall be elected an
nually by ballot at Il stockholders meet
ing called for that purpose on the third
Monday of January Of each year Tor the
next legal day if that day be a holiday,
after due notice to the stockholders by
mail ut least fifteen days before the date
of said oeeting. Each holder of stock
shall Ice entitled to one vote for each share
of stock standing in his name on the
books of the corporation. said vote to be
east in person or by proxy, and the ma
jOrty of votes east shall elect. The
Board of Directors shall have the power
TO fill all vacancies which may occur or
in any manner arise or be created on the
Board, even though no quorum remain
at the time such vacancies are to be filled.
Failure TO elect directors on the day above
specified shall not dissolve the corpora
tOn. but the directors then in office shall
remain in office until their successors are
elected and qualified. The Board shall
elect from their number a President a
tA-I "A "a Ir,l.S rar
provided that the Board may elect such
other officers (who need not be members
of the Board or stOckhOlderSD as they
think proper or convenient for the carry
ing on of the CompanyS business, and
they shall fix the salaries Of all Officers.
agents and employees. At any meeting of
the Board of Directors. any director alb
sent from the meeting may be represented
by any other director who may cast the
vote of the absent director. The Board
of Directors shall have authority to make
and establish. as well as alter and amend.
all bylaws, rules and regulations necps-
Sary and proper for. the support and man
agement of the business and affairs of this
corporation and not Inconsistent with
this charter; and they shall have power to
authorize the borrowing of money and the
issuance of notes and the execution of
pledges. and generally to do all things
necessary or convenient Tor the proper
carrying on of the business of the cor
pOration.
Until a general meeting of the Stockhold-
ers for the election of directors to be
held i'll 1921, or until their duly qualified
successors are elected and installed, the
Board of Directors shall be composed of
the following: W. J. Walker Post Office
Address 222l Napoleon Ave. New Orleans
La; Frederick Morrison, Post Office Ad-
dress 2f3l Chestnut ST.. New Orleans, La. :
Horace Gumbel, Jr., Post Office Address
ii32 Carondelet ST., New Orleans, La. of
hos NJ NN.aIl- l...II II.
Frederick Morrison President mad
Horace Gumbel, Jr., Secretary Treasurer
ARTICLE Nl.-ThiS act of incorpora-
ton may be changed, modified or amend
ed, or the corporation dissolved, by a
vote of twO-thirds of the entire capital
stock present or represented at general
meeting of the stockholders convened for
such purpose, after previous notice shall
have been given in the manner above re
quired TO be given of the annual meeting
of the corporation.
ARTICLE Wifi this corporation shall
be dissolved, either by limitation or from
any other cause, its affairs shall be Ii
quldated by three commissioners to be
appointed at the meeting of stockholders
convened for the purpose of liquidation,
ana TO be elected by the vote of all the
stockholders voting upon a parity. Said
llqu1dators shall remain in office until
the affairs of the corporation shall have
been fully settled and liquidated, and they
snail have full power and authority TO
transfer and give title to all the property
and assets of the corporation and to distri-
bute the proceeds. In case of death, dis
ability or resignation of one or more
llquidators, the vacancy shall be filled 10y
the survivor or survivors.
ARTICLE VIII.-No stakeholder shall
ever be held liable or responsible for the
contracts or faults of said corporation in
any further sum than the unpaid balance
shares nv m
nor shall any mere. infOrmality in orga-
n1ZatlOn have the effect of rendering this
charter null or of exposing any stock
holder to any liability beyond the unpaid
balance due on his stock. In order that
this charter may serve as the original
subscription list, the subscribers hereto
have indicated opposite their respective
signatures the number of shares of stock
subscribed for by each of them. All sub
scriptiOns are 10 be paid for in cash at
the execution hereof.
Thus done and passed at my notarial
office, in the City of New Orleans, State
of Louisiana. on the day, month and year
first hereinabOve written, in the presence
OF Ralph Carroll and George Huff, com
petent witnesses, who have hereunto sub
scribed their names. together with me
Notary, and the said appearers after due
reading of the whole.
Original Signed) w. J. Walker. as
sharesl. 2221 Napoleon Ave, New Orleans.
La: Fredr. Morrison Il share). 2I31
Chestnut St, New Orleans. La: Horace
Gumbel. Jr., u share), 4432 Carondelet St,
New Orleans, La.
Witnesses: II. Carroll. George Huff.
WATTS X. LEvERICH.
Notary Public.
I. the undersigned Recorder OF Mort
cages, in and for the Parish of Orleans.
State of Louisiana do hereby certify that
aIrw-x e.