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

hereinabove set forth, and to issue iron
time to time, and to any extent neces
sary or convenient in the opinion of tn
Board of Directors of this corporation
negotiable notes or other evidences of in
debtedness.
10 To hold, receive, purchase. convey
deliver, mortgage, hypothecate and pledg
property both real, personal and mixed
all subject to such limitations as may b.
prescribed by law.
5) To make and establish such rule
and regulations for the proper manage
ment and control of its affairs. as il ma,
deem necessary and proper, and the sam,
to amend at pleasure.
90 To appoint such managers, agents
employees, ana assistants as the inter
ests of the corporation may require. anC
the same to dismiss or discharge as MAJ
be deemed necessary and proper.
ARTICLE III.-The capital stock of thi.
corporation is hereby fixed at the sun
of five thousand dollars ts5,0OO.0O) to b,
| represented by one thousand shares, Of
the par value of five dollars each.
All stock shall be common stock, and
| shall be issued only for cash, or for prop,
erty actually received, and shall be paid
| for at such times and in such intallment:
as the Board of Directors may direct.
ARTICLE Iv.-The capital stock of thi:
corporation may be increased in accord
ance with law, to the sum of one hun
dred thousand dollars ($100, 100000.
| ARTICLE v.-The domiciIe OF this cor.
| poration shall be in the City of New Or
leans, State of Louisiana.
ARTICLE vI.-The corporate powers OF
| this corporation shall be vested in and
exercised by Board of Directors. to con-
own In his own right at all times during
his terms of office, at least two full paid
| and unpledged shares of the capital stock
of the corporation. Said Board of Di-
II l,ll = IL I'll =
| ing Of the stockholders, to be held an.
nually on the the second (2nd) Tuesday
! of October, and shall hold office for the
| terms Of one year, or until their success
| sors are duly elected and qualified.
Each Stakeholder shall be entitled to
proxy for each full paid share of the
capital stock owned by him. and not trans
| ferred on the books Of the corporation.
All notices of stockholders meetings for
| the election of Directors shall be In writ
ing. and delivered to the stakeholder in
office, properly addressed to the last
known address Of the stakeholder, at least
fifteen (15) days before such meeting. At
least two days before said meeting, a COM
shall be open to inspection by the stock
holder at the place of such meeting.
All elections for directors shall be by
ballot. and held at the Office of the cor
poration. In the City Of New Orleans, be-
tween the hours of 10 O'Clock n. m. and
O'Clock p. m, under such rules and
regulations as may be fixed by the Board
Of Directors. A majority Of the votes
cast shall elect.
The Board Of Directors thus elected.
shall at it's first meeting. elect from among
their own number. a President. Vice
President. Secretary, and q Treasurer.
and shall hold once for the term Of one
year. or until their successors are duly
elected and qualified.
Said Board Of Directors shall have power
to fll any vacancy occurring In their own
number.
ARTICLE vII:-No stoctholder shall
contracts or faults Of the corp6fation, in
any further sum than the unpaid balance
due by him on the stock for which he
has subscribed. nor shall any failure to
ganisstion have the OBJECT Of rendering
this charter null. or Of exposing q stock
holder to any liability other than a.
above crowded.
ARTICLE vIII.-Untii the election TO
be be held 3D., on the e.. second s2nd! T.s:say in
persons shall constitute the first Board
Of Directors, to-wit: Christopher G. Will
SON. William Robinson. Charles ID. Smith.
Edward L. Brown: William @. Stewart.
Hall. and r. G. Metoyer. with said
Christopher G. Wilson. as President; VIII
Ham Robinson. as Vice. President: viii
liam q. Stewart. as Secretary. and Ed
shall hold ONCE until their successors are
duly elected and qualified.
Five t5) members Of the Board Of d.
rectors shall constitute a quorum for the
rensaction Of business.
ARTICLE IX-All citations or other
legal process shall be served on the Presi-
his absence or inability to act. on the
Vice President. and in the absence or in
ability Of both Of these officers to act,
on the Secretarys
ARTICLE x.-This act Of incorporation
may be altered or amended, or this cor
vote of all OF the full paid shares Of the
capital stock. at a meeting of the stock
holders specially convened for that pur-
nose. of which meeting each stakeholder
shall receive at least ten (l0) days writ
place Of residence.
ARTICLE xI.-whenever this corpora
ton Is dissolved by limitation or other
wise. tie stockholders shall elect from
among their own number. three nquida-
tors, to hauidate the affairs Of the cor
paying its debts shall divide the remain
ing money. If any, among the stock
holders
In the event of the death or disability
Of any one Of the said liquidators, the
survivor or survivors shall continue to
act.
ARTICLE XII.-The subscribers have
written opposite their respective names
and post ONCE address, the amount Of
stock subscribed for by each Of them 90
that this act Of incorporation shall serve |
as an original subscription list.
Thus done and passed at my ONCE in |
the City Of New Orleans. the day, month |
and year herein first above written. in |
Inc presence Of Messieurs Frank Farrell |
and Dennis +. Woods, competent wit |
nesses, who have hereunto signed their |
names together with the said appearers. /
md me. Notary, after due reading Of the |
whole.
Frank Farrell.
Dennis r. Woods.
RENE c. METOYER.
Notary Public.
I, the undersigned, Recorder Of Mort
yages in and for the Parish Of Orleans.
he above and foregoing Act Of Incorpora-
ion Of the Crescent City News Publish I
NC Co.. was this day duly recorded In
ny ONCE in Book LIS folio 125, New Or
cans, December y, 1913.
.tsiened) EMILE J. LEONARD, d. r.
trU6 copy Of the original charter Of
be Crescent City News Publishing Com
any, Incorporated. ON hle and record In
RENE c. MET0yER.
Notary Public.
New Orleans. La, January s, 1910.
Jan. Sch. II