The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-27
CHARTERS.

CHARTERS.
plant. to exchange its cntrc capital stock,
or any part thereof. for stock which IL
is hereby authorized to acquire, or To CN-
change its entire assets and business. IN
whole of in part for money or stocks OF
bonds or other obligations of other com
paui">. and TO do any and all such acts
and things as may or shall be necessary
| and proper to carry out the said above oh
| j",tS and purposes.
| ARTICLE IV.-The capital stock of this
| corporation j. hereby fixed at Five Thou
| sand tS1OOUOO) Dollars. divided into fifty
| tJOJ shares of the par valu" of One Hun
| dr.d (S1O0OOI Dollars per share. Tn"
| amount OF said stock may he increased To
| ON" Hundred Thousand Dollars tSloO-
| GOO.Wl.
ARTICLE Vii the powers of this
corporation shall be vested in and ever
! rSed by Board composed OF three dlre'-
| tors Said Board shall b" elected an
nually by ballot at stockholders meet.
Ing called for that purpose on the thlrd
| Monday of January of each year tor the
next legal day ii that day Ice Il holiday
after due notice TO the stockholders by
mail at least fifteen days before til" date
of said meeting. Each holder OF stock
shall bc entitled to one vote for each share
| of stock standing in his name on the
, books Of the corporation. said vote to b"
east in person or by proxy, and the ma
jority Of votes cast shall elect. Inc
! Board of Directors shall nave the power
| to fill all vacancies which may occur or
| in any manner arise or be created on the
| Board. even though no quorum remain
M the time such vacancies are TO be filled
| Failure to elect directors OH the day above
| specified shall not dissolve the corpora
| ton hut the directors then in office shall
= remain in office until their successors are
. elected and qualified. The Board shall
elect from their number President, q
Vice President and a Secretary Treasurer
I'M Lodi he Hoard
q other officers (whO need not be members
of the Board or stockholders as they
think proper or convenient for the carry,
| ing on of the COmpanyS business. ana
they shall fix the salaries OF all Officers
agents and employees. At any meeting 81
the Board of Directors. any director an
sent from the meeting may he represented
by any other director who may cast thu
/ vote of the absent director. Tn" Board
of Directors shall have authority To MAKE
: and establish, as well as alter and amend
all bylaws rules and regulations neccS
| Sary and proper for the support and man
agemcnt of the business and affairs OF thii
Il | CORPORATION and not Inconsistent viii
L this charter: and they shall have power Il
u authorize the borrowing of money ana th'
z issuance of notes and the execution %
}, pledges. and generally to do all things
q | necessary or convenient for the prOp"l
d carrying on of the business of the cor
:, poration.
y Until a general meeting of the stockhold
/ ers for the election of directors TO ID
= held in 1921, or until their duly qualifie'
:. | Successors are elected and installed. tn
n Board of Directors shall he composed o
= the following: W. j. Walker. Post Offic
Address 222l Napoleon Ave, New Orleans
. La; Frederick Morrison, Post office Ad
- dress 273l Chestnut ST., New Orleans, La.
y Horace Gumbel, Jr., Post office address
! i432 Carondelet St, New Orleans, La.
N these. W. j. Walker shall be Presiden
a. Frederick Morrison Nice-President ma
n hal II sFar "a Fes.
10 ARTICLE VI-This act of incorpora
p ton may be changed, modified or amend
[ ed. or the corporation dissolved. by
of vote of twO-thirds of the entire caplt'
IN stock present or represented AT "A genera
r meeting of the stockholders convened IL
or such purpose. after previous notice sha
ne have been given in the manner above r.
nj uuircd to be given of the annual meetin
n OF the corporation.
- ARTICLE Wifi this corporation Sha
o be dissolved, either by Limitation or fro
te any other cause, its affairs shall be
at undated by three commissioners to
ID. appointed at the meeting of stockholde
Pill convened for the purpose of hquidatio
It's and to be elected by the vote OF all q
nd stockholders voting upon parity. "a
nd liquidatorS shall remain in office UNI
'es the affairs of the corporation shall ha
IT. been fully settled and liquidated, and tn
Ter shall have full power and authority
ne transfer and give title to all the proper
'ut and assets Of the corporation and to dist
in butte the proceeds. In case Of death, di
ch ability or resignation of one or mo
nd liauidatorS. the vacancy shall be filled
ice the survivor or survivors.
nd ARTICLE VIII.-No stakeholder sh
los ever he held liable or responsible for I
nd contracts or faults of said corporation
ION any further sum than the unpaid balar
nj; due on the shares of stock owned by hi
nd nor shall any mere infOrmality in ore
are nIatlon nave the ellect oi r'hhcIi"s -
the charter nun OF OF eAposhs any s'o'
or | balance due on his stock. In order q
mr. this charter may serve as the Orlgil
IA subscription list. the subscribers her
red have indicated opposite their respect
or signatures the number Of shares Of ste
mt. subscribed lot D! tacn oi 'eeHi' h
ent Scrlptlohs are 10 p paul ioi i" "
~ the execution hereof
Thus done and passed at my notar
ur- office in the City Of New Orleans. st
ga of Louisiana. on the day, month and y
TO first hereinabOve written, in the preset
red of Ralph Carroll and George Huff, co
bic petent witnesses, who have hereuntO 81
ar scribed their names, together with
hes Notary. and the said appearers, after I
re; reading of the whole.
,e COriginal Signed) W. J. Walker.
cts' sharesj. 2221 Napoleon Ave, New Orlea
ms. Ia: Fredr. Morrison q share), 9
ner Chestnut St. New Orleans. La: HOr
on Gumbel Jr.. q sharey. 4432 Carondelet
%, New Orleans, La.
as witnesses. X. carroll, George HUI
and WATTS X. LEvERICH.
anu Notary Publ,
all 7 the undersigned Recorder OF Nj
the cages. in and for the Parish OF Orie,
are State Of Louisiana, do hereby certify
Al %