The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-08
CHARTER.

| ARTICLE v.-This corporation shall en-
dure for a period of ninety nine years and
enjoy the right of succession.
| ARTICLE VI.-The corporate powers of
| this corporation shall be vested in and
exercised tAy a Board of Directors COM
posed of three stockholders, two OF whom
shall constitute quorum for the trans
action of business, except that the Off
GERS of this corporation shall have and
exercise the powers granted to corporate
| officers by Section 10 of Act 267 of 1914.
Until the first Monday in January, 1921
| the following named persons shall con-
| stitute the Board of Directors for this cor
poration, to wit: James Nj. Walker, Presi-
dent, address, 161 jefferson Ave-, Memphis
| Tenn, and John Walker, Vice President
address, 161 jefferson Ave, Memphis,
Tenn, and John X. Walker, Vice President,
address, 161 Jefferson Ave, Memphis,
Tenn. and Arthur l.. Crabtree, Treasurer,
| Decatur Street, New Orleans. Thereafter
the Directors shall be elected annually on
| the Monday preceding the Second Tuesday
of January of each year. The Directors
and officers of this corporation shall hold
| office and continue to serve until their
| successors have been elected and duly
| qualified. The Board of Directors shall
by majority vote, have the right and power
| to increase the number of Directors and
| elect new Directors in the places created,
provided the maximum number of d.
| rectors of the corporations shall never ex-
| coed seven. Any stakeholder may be eligi-
BILE for membership of the Board of Di-
! rectors who owns one share of stock in the
| corporation, in his own name and un-
pledged.
| The stockholders shall elect Directors at
| their annual meetings by ballot and each
stakeholder shall be entitled to one vote
for each share of stock standing in his
or her name on the books of the corpora
ton, the vote to be cast in person or by
proxy; and IL shall require n majority OF
the stock present to elect.
| rrt.
lar meetings at stated intervals at su6
| times as may be fixed in the bylaws of
this corporation. The meetings shall be
held at the domicile of the corporation or
as provided in Article ~ of this charter,
but the President. and in his absence the
Vice President may call special meetings
of the Board of Directors or stockholders,
as he may deem advisable, and he shall
be required to call such special meetings
whenever requested to do so by Director
or by holders of one fourth of the capital
stock of the corporation. Three days
notice of such special meetings shall be
given in writing, by mail to the address
of each director, unless a waiver OF this
notice is signed by all the Directors, but
no general waiver shall be legal.
Any vacancy occurring on the Board,
or in any office, shall be filled by the
Board of Directors at its next meeting
after such vacancy has occurred.
The first Board Of Directors shall and
is enjoined to draft and adopt a suitable
act OF bylaws for the government of the
corporation, which may be altered, amend
ed or changed as the business OF the cor
, poration may require.
: poratiOn shall consist of a President o
: Vice President and a Secretary and Treas
turer, each of whom shall be stakeholder,
, as required to be a Director. The office
! of the Secretary and Treasurer may be
held by the same person. The following
persons shall be officers until the meet
! ing of the stockholders to be held on first
, Monday preceding the second Tuesday OF
: January. of each year, james W. Walker
President, address 161 jefferson Ave
; Memphis, Tenn. John X. Walker, Mem
! phis. Tenn, President; Arthur l.
Crabtree;, Treasurer; Memphis Tenn;
Orleans, La, Secretary.
r ARTICLE vIII.-This charter may b,
5 amended modified or altered, the capita
I stock increased, not to exceed the maxi
: mum fixed in Article Nv Of this charter
or the corporation dissolved by the as
, sent of three-fourths of the holders OF
the stock issued at q general meeting OF
. special meeting of stockholders Of which
: notice has been given thirty days prior
: TO the meeting, in writing. copy of which
: shall be mailed to the address OF eacf
, stakeholder and after publication Of such
= notice for thirty days in daily news
paper published in the City of New Or
leans and upon complying with the re
uuirements of law in such case provided
The notice to stockholders may be waived
in writing. provided, it be signed by al
stockholders Of the corporation, but nc
general waiver shall be legal.
ARTICLE IX.-The Board Of Director,
: shall have and be vested with the separate
l. powers Of this corporation. The corpora
y ton shall have succession by Its corporate
name for 90 years; to sue and be sued by
: its corporate name In any court or com
a petent Jurisdiction; to make and use :
md na
pleasure; to acquire property by grant
gift, purchase: to lease. hold and dispos'
of and to mortgage and pledge the same
subject to limitations liked by laws .
appoint such officers and agents as thu
business of the corporation may require
= and to fix their compensation. having du'
| regard to the nature, character. and value
of their services; to conduct business II
eral Districts. possessions OF the Unitet
! States and in foreign countries; to pur
u chase for cash or held when acquired III
: operation of its business, stock In othe
{ corporations.
ARTICLE Kat the expiration Of Thu
! charter. or the earlier dissolution Of Thu
s corporation. its affairs shall be liquidate.
; by three commissioners, all of whom shall
II hold stock in this corporation, and sai'
y commissioners shall have fun power q
: sell any and all the assets Of the corpora
i ton to convey title. and to do and per
l. form all acts essential to full liquida
= ton of this corporation, and to distriout
> the proceeds by paying first the debts du
y by the corporation anu then prorating tn
al remainder between the stockholders, o.
4 the basis of the number of shares owne
n by each. In case Of death Of one or NOR
% commissioners the survivors shall continu
8 to act.
4. Thus done and passed in my office !
the City of New Orleans, aforesaid, IN
y day, month and year first written, In Tn
presence of Percy r. Brown ana Eau
Is A Sompayrac, Witnesses Of lawful age, r.
I'd siding in Orleans, Parish, Louisiana, wh
have signed their names with the sal
h parties and me, Notary, after due readin
n of the whole.
In (Original SigneD:
te JAMES NJ. WALKER,
n Subscribed for 40 shares.
= JOHN K. WALKER,
n Subscribed for shares, by ]. NJ. Wake
,. ARTHUR L. CRABTREE.,
I'd Subscribed for II shares. by j. M wake
Agent.
is GEO. E. BUTLER.
I'D Subscribed for 40 shares
"a witnesses:
". Percy r. Brown,
n Paul A. Sompayrac.
Is LAWRENCE NJ. JANIN.
or Notary Public.
he l. the undersigned, Recorder of Nor
Dy cages, in and for the Parish OF Oriean
e, hereby certify that the above and Tor
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