The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER OF THE CRESCENT CITY
NEWS PUBLISHING COMPANY, IN
CORPORATED.


| NEWS PUBLISHING COMPANY, IN
| CORPORATED.
United States of America. State of Louis
| lana, Parish of Orleans, City of New Or
| leans. BE il known, that on this nine
| teenth day of the month of December,
in the year of our Lord, one thousand.
nine hundred and nineteen, and of the
| Independence of the United States of
America, the one hundred and forty
| fourth; before me, Rene G. Metoyer, a
qualified, in and for the Parish of Or
leans, State of Louisiana, therein resid-
ing, and in the presence of the witnesses
hereinafter named and undersigned, per-
| sonally came and appeared the several
persons. all of lawful age, whose names
are hereinafter subscribed. who declared,
| that ayailing themselves of the provisions
Of the laws of the State of Louisiana.
| relative to the organization Of Trading
| Corporations" they have mutually agreed,
| and contracted, and tor by these presents.
| mutually agree, contract and Obligate
| themselves, as well as all such other per-
| sons who may hereafter become associated
| with them to form and constitute them
| selves into n corporation, or body polite
| in law. under the name, and for the OBJ
jects and purposes, and under the terms,
| stipulatiOns and provisions contained in
| the following articles, tO-wit:
| ARTICLE 1.-The name and style of
| this corporation shall be the Crescent City
| News Publishing Company, Incorporated.
and under its corporate name shall enjoy
existence for the period of fifty years
from the date hereof. unless sooner dis
| solved according to law.
| ARTICLE 1.-THE objects and purposes
| for which this corporation is formed, are
hereby declared to be as follows:
| "a The publishing in the City of New
| Orleans of daily newspaper and the
carrying on of a printing business. in all
| Of its branches in connection with said
newspaper. and to buy, sell, handle and
| deal in printing materials necessary or
| advantageous with the carrying on Of said
business, and to acquire and operate such
plant as may be necessary adjuncts to the
operation of said business.
(2) 1t shall have power and authority
under its corporate name to sue and be
sued 10 make and use a corporate seal
with such inscription and device as II
may deem fit, and proper, and the same
to break and alter at pleasure.
(3D To borrow money for all purposes
hereinabove set forth, and to issue from
time to time, and to any extent neces-
| sary or convenient in the opinion of the
Board of Directors of this corporation
negotiable notes or other evidences of in
debtedness.
"a To hold receive, purchase, convey,
deliver, mortgage, hypothecate and pledge
property both ZEAL, personal and mixed
all subject to such limitations as may be
prescribed by law.
(5) To make and establish such rules
and regulations for the proper manage
ment and control Of its affairs, as it may
deem necessary and proper, and the same
to amend at pleasure.
(6) To appoint such managers, agents,
employees, and assistants as the inter-
ests of the corporation may require, and
the same to dismiss or discharge as may
be deemed necessary and proper.
ARTICLE III.-The capital stock of this
corporation is hereby fixed at the sum
Of five thousand dollars ($5,OO0O0) to be
represented by one thousand shares, of
the par value Of five dollars each.
An 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 intalments
as the Board of Directors may direct.
ARTICLE Iv.-The capital stock Of this
corporation may be increased in accord
ance with law to the sum of one hun
dred thousand dollars ($100 100000.
ARTICLE v.-The domicile 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-
sist of nine persons, each of whom shall
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-
rectors shall be elected at a general meet
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
one ID vote in person. or by written
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
person, or by depositing same In the post
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, COM
plete list of stockholders entitled to vote,
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 a. m, and
o O'Clock p. m under such rules and
reg1lations as may be fixed by the Board
cast shall elect.
The Board of Directors thus elected.
shall at its first meeting. elect from among
their own number, a President, Vice
President, Secretary and Treasurer,
and shall hold Office for the term Of one
year. or until their successors are duly
elected and qualified.
Said Board Of Directors shall have power
to MI any vacancy occurring in their own
number.
ARTICLE Vino stakeholder shall
ever be held liable or responsible for the
contracts or faults of the corporation, in
any further sum than the unpaid balance
due by him on the stock for which he
mas subscribed, nor shall any failure to
elect, or any mere informality in or
ganfzatfon have the OBJECT of rendering
this charter null, or Of exposing a stock
holder to any liability other than as
above provided.
ARTICLE VIII.-UntiI the election to
be held on the second (2nd) Tuesday in