The herald., 1920-04-22
CHARTER

process shall be served upon the Presi-
dent OF this corporation, or, in case OF his
absence. upon the Vice President, or. in
case of the absence of both of these off
GERS, upon the Secretary thereof.
ARTICLE III.-The objects and pur-
poses for which this corporation is estab-
lished and the nature of the business to
be carried on by it are declared to be to
buy and sell the Grant Quick Ice Machine /;
to install machinery in refrigerating
plants; to take agencies for the sale of
Ice machinery; TO acquire rights to pat
ents and the right to manufacture such
machines and generally 10 Do everything
needful and necessary; TO buy, sell and
market the Grant Quick lee Machine and
other machines of a similar character. and
to do all things in connection with the
sale and purchase of such machines.
ARTICLE Iv.-Thr capital stock of this
corporation shall be five thousand dollars.
divided into fifty (50D shares of the par
value of one hundred (SlOOOD dollars
each. and may be increased to the sum
of twenty-five thousand (S25.0O0.OOb dol
lars, divided into two hundred fifty C2j0)
shares of the par value of one hundred
(SlOOOO) dollars each, and this corporation
Il to be Il going concern when One-half of
the capital stock has been subscribed and
onc-half of which subscription has been
paid for. Each share of said stock shall
he entitled to one On vote, either in per
son OF by proxy. at all general elections
or meetings of the stockholders.
ARTICLE V.-NO stakeholder shall ever
be held liable or responsible for the in
debtedncsS. faults or defaults of this cor
poratiOn. nor shall any mere informalty
in the organization of the corporation
have the effect of rendering the charter
nun or of exposing the stockholders To
any liability beyond the unpaid balance
II amy, on their subscriptions.
ARTICLE VI-This corporation shall
have all powers granted to such corpora
tions by law and shall have the power "a
contract. sue and be sued in its corporate
anne aud to own. hold. receive, loan. lease
purchase sell and convey or mortgage any
ana all of its effects. or to hypOthecatp its
property and to do amy aud all acts aud
things Of any kind. nature or description
as may he necessary to carry out the oh
l"ct> and purposes of SaiG business as its
interests md cOnvenicnccs may require.
ARTICLE 'NII.-The business of this
corporation shall be directed by and vest
ed in a Board of Directors of three mem.
hers. two of whom shall constitute q
quorum for the transaction of business
and the said Board of Directors as first
constituted shall he composed of +. D.
Virgin. Duncan Nreeand and +. A. Virgin
and they shall hold office until the third
Tuesday in March. 1921. and on that day
and on the same day thereafter each year
elections shall be held for Directors al
the principal office of the corporation and
the election shall be held between the
hours of ten and twelve n. IN. Failure "a
hold an election on the day specified shall
not dissolve the corporation. but the hi.
until an election shall be held after thirty
days notice of the time and place thereof
given to each stakeholder. The said Board
of Directors. at their first meeting. shall
elect from among their number Pres,
ident. Vice President and n Secretary,
Treasurer. provided however. that tn,
Secretary need not he stakeholder OF
member of the Board of Directors and
any vacancy i'll that office shall he filled
by the Board. Directors may act either
in person or by proxy.
ARTICLE VIII.-Whenever this corpor.
alton is dissolved. either by limitation al
for any other cause its affairs shall h,
liquidated by the Board Of Directors. who
are hereby vested with full power TO sci
any or all assets of the corporation either
separately or in mass and to convey
fun and complete title thereto. and shall
have full power to do and perform all act,
necessary and proper to fully and com
pletely liquidate the affairs and diStribut,
the proceeds. II any. among the stock
holders of the said corporation to tn,
amount of stock held by each.
ARTICLE IN.-This act of incorporation
may be amended. altered and modified 81
this corporation dissolved in the manner
provided by law.
Thus done and passed. in my notaria
office. in the City of New Orleans on tn,
day, month and year first above written
| in the presence Of Amanda e. StechmanI
and Ruth NJ. Seller. competent witnesses
who hereunto sign their names. together
with the parties hereto. and me, Notary
after a reading of the whole.
| Witnesses: Amanda G. Stechmann, Rutl
VI Seller
+. Il. Virgin. 756 City Park Ave. New
Orleans. La. ~ shares: Duncan Vreeland
SOP Nashville Ave. New Orleans. La, ..
shares: Edwin 4. Virgin, 100 City ParI
Ave, New Orleans La. l share
Apr. SHAY IL.