The herald., 1920-04-22
CHARTER.

jority of the Board shall constitute a
quorum for the transaction OF all business
Each director at the time OF MS election
ana during his tenure of office shall own
AT least one fun paid unpledged share
of stock.
The directors shall be elected annually
Ola the second Tuesday OF April OF cach
wear at a meeting of stockholders called
far that purpose after notice given as
required IN law. ~ the first meeting OF
the Board of Directors after the annual
election they shah elect from their mum
her a president. one or more wee prtsl
dents - secretary and treasurer, anu
rh. Board shall nave the power, i'll their
discretion. 10 unite two or more Offices
and the ~.tmr to confer ON on" person. MI
elections shall b" by ballot. aud Il ma
jority OF the NUt"s cast shall eject. f'a'h
share Of stock shall h' entitled 10 one
vote, 10 be- east ny th" holder Thereon III
p,rsun or 10y prpNy ar 10y letter. the sig
nature to which is duly acknowledged rs
required by law.
frilur. to rl..,I directors on the date
specified tor ,hr annual meeting shall not
dissolve the corporation, hut the dlft'-
tors then ia office shall remain III Olll't
until IhrIr ~urc">~u'> aE" cI''l'u anu
qualified due notice Of dnolH'f 'hN'lo"
shall forthwith %" given a. above pro
yidrd and such notices of election snail
rouJiuu, to Ice given until an election i
held. The Board Of Directors shall have
the right from tim" To tim" 10 appoint
such Officers. clerks. agents or othti ON
pIo.,.. or committees a. may lac necessary
TOR rs. proprr conduct Of the business aud
PURPOSES OF the corporation. aud shan
have the right to appoint an executive
committee composed ui tire" members
and To delegate 10 said committee, an
the powers aud authority possessed 10y
the Hoard. To- lee exercised under such rules
aud regulations 49, the Board may -" 1T.
All such appOiHt.''> shall hold during III"
pleasure ct tn" luard.
The Board OF Directors may make ana
establish. 49, we'll ~ alter and amend. all
by laws. rules and regulations necessary
aud proper for the support. management
and conduct Of the business ami affairs
of IN" corporation. said Board shall also
have the power To borrow money. execute
mort cages. issue notes. bonds or other
obligations of the corporation. payable
aud interest ia lawful money OF
the United States. or in nit"d States
gold coin. aud generally to do all things
rra >0uably necessary for the proper con
duet and management of the business of
the corporation: and also to issue full
paid shares of stock. bonds or obligations
of the corporation in payment for Labor
done. services rendered, money borrowed
or property or rights Received 10y the cor
pOratiOu.
ARTICLE NI.-ThiS act of incOrpora-
tion may he modified. changed or altered.
the capital stock may be- increased OF de
creased. or the corporation may be dis
solved or liqudatrd AZ general meeting
of the stockholders called for that pur
pose after previous notice shall have been
given as required by law, by the assent
of the number Of stockholders as provided
by law.
ARTICLE VII-Whenever this corpora
ton may be- dissolved either by limitation
or from any other cause whatsoever. ITS
affairs shall be iquidated 10y three stock
holders to be- appointed at general
meeting of stockholders, convened for that
purpose after previous notice given as re-
quired by law. each share of stock being
entitled to one vote in person or by
PROXY. or by letter the signature To which
shall have been acknowledged as
quired by law; said lquidatOrS shall re-
main in office until the affairs of said
corporation shall have been fully settled
and liquidated. and shall have full au
thOrity and power to transfer and give
title TO all the assets and property of
the corporation. In ease of death. dis
ability or resignation of one or more of
said liqudatOrs the vacancy shall be fill
ed by election by the remaining Hquida
tor or liquidatOrs.
ARTICLE VIII.-NO stakeholder shall
ever be held liable or responsible for the
or faults of the corporation in
any further sum than the unpaid balance
due on the shares Of stock owned by him
nor shall any mere infOrmalty in Orga-
nizatiOn have the effect of rendering this
charter null or of exposing any stock
holder to any liability beyond the amount
due on his stock.
ARTICLE IN.-The names and post
office addresses of the subscribers to the
stock of this corporation are as follows:
Z. Beresford Fox. 1902 State St. New
Orleans; Walter Il. Chilean, III Walnut
ST., New Orleans: Anthony Wizard, 1913
Nashville Ave. New Orleans: William Il.
Logan, 800 Canal-COmmercial Bank Build
ing, New Orleans: Edwin A. Mickey. 1879
Soniat St. New Orleans: an of whom have
been chosen and selected to Serve As the
first Board of Directors of this corpora
ton until the second Tuesday of April.
1927. or until their successors shall have
been elected and qualified.
ARTICLE N.-ThiS corporation shall
commence business as soon as fifty per
cent of the capital stock shall have been
subscribed and fifty per cent of the stock
subscribed shall have been paid for. and
in order that this charter may also serve
as the original subscription list. the sub
ScriberS lcretO have set opposite their re
spective names the number of shares sub
Scribed by each of them.
Thus done and passed in my office in
the presence of Leo. l.. Dubourg and Louis
j. Gelpi, competent witnesses of lawful
age, WIN have hrreuntO signed their names
with said appearers and me. Notary. on
the day and date herein first above writ
ten. after reading of the whole
ipriginal Signed) &. BereSford Fox
l'66 shares; A. Wizard 1866 shares; Wal
ter Il. Chilean. 1866 shares w. Il. Logan
per pro y. NizartA | share; f. 4. McKOy,
| share,
Gelpi
a. HENRY Il. DART. JR
Notary Public.
April Il. 1920
L. tn" undersigned. Recorder of Mort
cages, In and for the Parish of Orleans.
state Of Louisiana, do certify that The Act
OF incorporation of the Acme Products
Co, Inc, was this day duly recorded in
my office in Book 1912 Folio -
New Orleans. April IL, 1920.
tSigned) VI. j. DUNN. II. VI.
| hereby certify the above and foreyo-
ing to he correct copy of the original
on file in my office.
HENRY L. DART JR, i
Apr. 22-May %.