The herald., 1920-10-21
CHARTER.

ten days written prior notice. the Directo
or Directors so elected to hold Office un
| til the next annual stockholders meeting
| but should il be impossible from am
cauS" tpr any vacancy or vacancies in tn,
! Board pr Directors TO be filled by the hi
| rrCtOr~' such vacancy or vacancies may b,
| hll"d by the stockholders at any mcrtiu.
| called for that purpose by the President
| Any and all Directors meetings. the no
/ tees for which are not herein specifically
! provided for, may be called by any Off
/ Ger of this corporation upon ten days no
! tirr by wall. Any Director shall haV" tn,
! right 10 authOriz" and appoint any share
/ holder to vote for him nj any and M
/ Directors meetings. and such proxy shall
have and exercise all of the powers al
| such Director appointing him. Whenever
| II * provided in this act that either hi
! rcrtorS' or stockholders meetings may b,
| held after certain prescribed notices O.
| the Directors or stockholders. il is I'M
dcrstood and agreed that any and all hi
| rectorS and stockholders meetings may
! D." held without notice whenever lawful
provided all Directors or stockholders. -
the ease may be. waive notice In writing
or ar" present In person or by proxy ~
such meeting or meetings. The Board -
Directors shall have fun control Of the
property Of this corporation and shall con
duct manage and usc the same aS in their
discretion they deem best, and that Is con
SlNtDut with the OblpytS OF the COMPANY
and its welfare. and they shall have power
To make. alter and annul such by laws.
rules and regulations as they may think
proper. They shall have the further right
and power to appoint such agents clerks
and employees as they deem best and to
tiN their salaries. terms Of OfTir" and III,
right To- dismiss them at said Board -
pleasure. and said Board shall have the
further right to dpterWin" and fix >Hl
aries II any. OF the several officers herein
provided for.
ARTICLE VI-The first Board Of Direc-
tors and officers, who shall serve until the
annual meeting to be held on the first
Monday in October. 1921. or until their
successors are duly elected and qualified.
shall be: Joseph W. Cory. Henncn Bldg.
New Orleans who shall be- President. g.
+. punklin. Butler Springs. Ala. who shall
be Vice President. +. \. Mrthe. Hcnnsn
Bldg. New Orleans. who shall be- Secrc-
tary-Tr"asur"r: e. Langshaw. Hpnncn
Bldg. New Orleans: J. u. Cory. Mobile
Ala.
ARTICLE yII-This charter may be al
tered or amended and this corporation
may be dissolved by a vote OF two-thirdS
of all outstanding stock at meeting Of
the shareholders duly convened for that
purpose by the Board Of Directors or by
the President upon the written request Of
not less than twenty five per cent OF the
outstanding stock. after fifteen days no
tice mailed TO each shareholders last
known address. But the capital stock OF
lulN corporation snail not De decreased D.
such amendment to an amount less than
the corporate Indebtedness. and no amend
ment shall be made changing the oh jcctS
and purposes of this corporation without
4 vot" of all outstanding stock. and the
capital stock shall not be increased beyond
the amount originally uamcd ms the sum
TO which the capital may be- increased eN-
Crpt by a vote Of three fOurths of all out
standing stock. Whenever in the judg
m"ut of the Board of Directors il shall be
Doomed lh ii haf =
shall be dissolved. the Board shall within
ten days after the adoption Of a resolution
TO that effect by a majority of the whole
Board at any meeting called for that pur-
POSE" of which meeting each Director shall
have received at least three days notice
cause notice Of the adoption OF such reso-
luton to he mailed to each stoCkhOldcr
together with notice of a meeting Of the
stockholders to be held at the Office of the
to act upon the resolution so
adopted by the Board. The stockholders
meeting shall be held At any hour fixed
by the Board on the day mentioned. be
tween the hours OF 10 n. m. and 3 D. m
Tor the purpose OF voting upon such pro-
posed dissolution. Whenever all Of the
shall consent in writing 40 |
dissolution. no meeting or notice thereof !
shall be necessary.
ARTICLE VIII.-Whenever this Corpor |
ltiOn is dissolved. by limitation or other |
wise. its affairs shall be Gquidated under |
nv SupfTNlS lOD OF three lQuldatOTS. elect |
ID by the stockholders and chosen from |
mOng the stockholders which liduidators
hail be elected at a meeting Of the share
FOLDERS convened for that plrpOse under
he terms and conditions of Article VII of
his charter.
ARTICLE IX.-No stakeholder of this
ompany shall ever be held liable or re-
ponsbl" for the contracts or faults of
ms corporation in any further sum than
ne unpaid balance due on shares of stock
wned by him, nor shall any informaIity
4 organization have the effect of render |
ne this charter null or of exposing any
tockholder TO any liability beyond the
npald balance due on his stock, nor shall
ny informality or irregularity in O-gan-
.auon nave the effect of rendering any
hareholder liable as partner.
Thus done and passed in my Office in
le City Of New Orleans. on the day.
Ionth and year first hereinahovp written.
the presence Of Salvador SchiIleCi and
RANGES ElSler, competent witnesses, who
nreunto sign their names, with the said
ppearerS and me, Notary, after due read ,
X OF the whole, and the said appearers
ave hereunto signed opposite their names
lie number of shares of stock OF this cor
oration subscribed for by them.
Original is signed: J. W. Cory. New
rleans. La. 1.323 shares; f. A. Methe.
ew Orleans. La, | share; c. Langshav
ew Orleans, La, l share.
Witnesses: s. SchilIeCi. F. Eisler
CHAS. F. FLETCHINGER, Not. Pub.
l. the undersigned. Recorder of Mort
igeS in and for the Parish of Orleans
ate of Louisiana hereby certify that the {
'Ove and foregoing charter of Frederic A.
uESan Co, Inc. was this day duly re
rded in my Office in Book 1248. Folio = Il
New Orleans, La. Oct. 9Th. 1920. {
iCnedD EMILE J. LEONARD. d. r.
| hereby certify the above and foregoing n
be true and correct copy Of the orig d
nj charter of Frederic A. Duggan Ca. g
ice. ny | !;
AS witness my hand and notariaI seal a
New Orleans, La, this End day of DC 81
Der. 1920. n
(Seal) n
CHAS. F. FLETCHINGER. Not. Pub. "
Oct. 14-Nov. 49, N
IARTER OF THE RRUSSwICE .ru ~