The herald., 1920-10-28

holder shall make sale or transfer Oh
his stock in violation of TINS provision;
and such sale or transfer, II MADE ShaH
he void and this Company shall be uhu'T
- obIiggriou TO list said stock on It's
hooks or 10 regard the holder of the Ger
tificate thereof.
ARTICLE VII-The corporate powers
Of this Corporation shall be vested IN anu
exercised by a Board Of Directors com
posed of not less than three ana hot NOR
than five stockholders, two OF whom shall
Constitute a quorum, if there are three
directors, and three of whom shdll con
stItuta = Cuorurn - tha~" o." f""r or w.
directors. for transaction of business. IN"
directors of this Corporation may N"I" 'i
. upr>ou or by written proxy, AT any OF TN
/ meetings of the Board OF Directors ana
! the Board Of pirectOrS may DELEGATE any
/ nf its uuwrrS to any officer or OFFICERS. or
any other representative of the company o
Iby appropriate resolution TO that elIr''
| The first Board of Directors OF TINS or
| pOration shall be- elected At the nt>l
/ Io%holdrrS' meeting. which - hcrtpH
| set for the DIST day of September. 1870 At
! New Orleans Louisiana, and the directors
! 50 elected shall serve until the IouI.u
! "Wednesday in December, l"-u or until
/ their successors are elected and quallllrd.
The directors Of this Corporation shall De
elected annually by the stockholders, Al 4
meeting held on the fourth "Wednesday OF
| December, each year thereafter. NoIht 81
1 Such meetings shall be- given thteth daS
| DriOr TO the date Of the meeting. IN VIII
ing. and sent to each stakeholder at ms
last known address Each StockhOlder
shall at such annual meeting or othrt
meeting general or special. BE- entitled
in person or proxy. to one vote for each
. share of stock owned by him. Elections
:. shall be held under such rules ana reguia
lions As may from time to time be d"
termined by the Board Of Directors. The
directors when elected, shall hOld offltt
for one year. or until their successors Shai
have been elected and qualified, and fall'
y Il fNF,fW af GfF
, holders or TO elect annually the directors
shall not operate the forfeiture or TINS
charter or any rights Hereunder. Any
: vacancy occurring in the Board OF ID
rectOrS may be filled by the directors loi
the uneNpired term.
ARTICLE VIII.-ThS Charter or Ar
, of incorporation may be changed. mOdi
! fled altered or amended by and with TIT
! consent of twO-thirds of all the stock pres
> cnt at any meeting, general or special; hei1
for that purpose; and such amendment
may be material or immaterial subject
only to limitations as may be by law pro
J vided and this Corporation shall have
the power to increase or decrease its cap
itaI stock as hereinbeforc set ont, and an!
, increase in the capital stock in excess o.
, the amount named herein as the amount
, to which il may be increased may be made
, by three-fOurths vote of all outstanding
= stock.
ARTICLE IX-Notice of any and al
meetings referred to in this Charter or re
e Quired by law shall be given in the man
81 ner provided in giving notices in case o
e elections, unless the same shall have beel
- waived. In case of the dissolution. liqui
= datiOn or termination OF this Charter, b,
;, limitation or otherwise. the affairs of thl
y Corporation shall be liquidated by one o
4 more liQuidatorS elected by the stock
:, holders, who may provide the number o
I, said liquidatorS and vest them with sue
: power and authority may by law b
= permitted. and fix the terms and cOndi
~ ls.a III hall an
$ their compensation. and provide that i
" case of disability Of any one OF said liqui
n datOrS, the remaining liquidators may III
J. the vacancy or continue to act on behalf O
IS the Corporation.
'e ARTICLE Mo stakeholder Of thi
= Corporation shall be liable or responsible
/! for any costs. contracts, debts or fault
. of this Company, or any OF its officers, no
= shall any mere informality in OrganiZatio
~ have the effect of rendering this Charte
70 null and void, or Of exposing a stockhOlde
a to any liability beyond the unpaid balHnC
" due on the stock held by him.
lie ARTICLE NI.-The subscribers heret
q have written opposite their names II
r number of shares subscribed To By eac
Is of them and their pOstoffice addresses,
n that this Charter may serve as the sui
ic Scription list of the Corporation; all
" which subscriptions are payable in Il
n manner and fer inset out herein.
c. Thus done and passed. at nv office,
ID the City of New Orleans. Louisiana. q
as the day, month and year herein first aboN
5. written, in the presence of Morris T. Rec
IL mann and VI. l.. Alband, competent wi
n neSSeS, who have hereunto signed the
p presents with the said appearers and IN
Of Notary, after due reading of the whole.
be Witnesses: Morris Il. Redmann, NJ
Alband.
!. (SHmes of subscribers omitted)
- HERMAN l.. BARNETT. Notary Publ
IN u Recorded VI. o. Il. 1248, Folio -. Pa
~ iSh of Orleans.
~ 4 true copy. (Seal)
~ HERMAN l.. BARNETT, Notary Publ
III Sept. 30-Nov. 4.