The herald., 1920-08-05
CHARTER

rectors see fit; and both of said offices
may be held by one and the same person,
as Secretary and Treasurer as may be de
termined by the Board. Four of the Iii
rectOrs shall constitute a quorum for the
transaction of all business. and any va
cancy occurring on said Board shall be
filled by the remaining Directors for the
uncNptrCd term. The said Board OF Iii
reCtOrS, such officer or man ger rs IL
may designate, shall app Oint such Officers.
managers, clerks and other employees of
said corporation aS may Ice necessary for
its business, and shall dismiss the same:
aud the tenure of office and employment
or all Officers, managers, clerks and en-
plOyCeS shall be during the pleasure of
said Board. The said Board shall have
the right and power to buy. sell. improve
contract. lease, borrow money. issue bonds
and execute mortgages, and. in general. 10
exercise all the powers of tn" corporation.
as well as TO carry out its objects and pur-
poses, aud all without reference to or
authorization by the stockholders From
time 10 time, said Board shall adOpt rules
regulations and bylaws for the manage
ment and control Of the business aud af-
fairs OF said corporation. and, in IT'S dis
erection. shall cancel change and modify
the same.
ARTICLE Who subscriber hereto or
stockhOlder of the corporation shall ever
be held liable or responsible for the con
| tracts, faults or debts OF said corporation.
nor shall any mere infOrmality in its or
GaniZatiOn have the effect Of rendering
this charter null. or Of exposing any
subscriber or stakeholder to any liability
beyond the unpaid balance. if any. due on
the shares subscribed for or owned by
him.
ARTICLE VII.-This act Of incorpora.
ton may be changed. modified or altered
or said corporation may be dissolved. with
the assent Of the holders OF two thirds q
the stock Of the corporation. whose own
crS are present and represented AT 4 gen
cral meeting Of the holders of stock after
at least thirty days written notice Of such
n ne FI FrrrtR
dressed TO each stOckhOIder 1T his place
OF residence. as shown on the books of
the corporation. In case of dissolution.
whether by the expiration of this charter
or otherwise. the holders of stock shall
elect three liquidatOrS from among their
number, TO iquidate and settle the bust
ness ana affairs of said corporation. In
case of death or disability of any of said
liquidators, the survivors. or the remain
ing HquidatOrS, shall appoint successor
TO such liquidatOr. Said liquidatOrS are
hereby given full power, either by court
or law proceedings, or without such pro
ceedings, as they shall elect. to collect
all amounts due the corporation, sell
otherwise dispose Of its assets. pay its
debts and liabilities. and compromise and
settle all disputed questions and matters
and shall have and exercise all other pow
ers necessary aud usual TO fully and final
~ settle, wind up and Hquidate all the
business and affairs of the corporation.
and distribute its net assets funds
among its stockholders in accordance with
ARTICLE NIII.-The names of the first
Board of Directors and their postOffice
addresses are as follows: Lamar &. Mays
1901 ). Claiborne Street, New Orleans. La;
New Orleans, La; Pierre V. Blanchard.
DOnaldSOnville, La; Charles V. benjamin.
1871 Prytania Street. New Orleans. La:
Ernest l.. Stcrnbcrger, Amite, La; Julian
+. benjamin, 1851 Prytania Street. New
Orleans. IA, and Adrian e. Benjamin.
1881 Prytania Street, New Orleans, La
The said Board of Directors. with said
Lamar e. Mays. President, and said John
sand Pierre '. BlancharA as Secretary, and
Charles V. benjamin = treasurer. shall
serve until the first Monday of July. 1927.
or until their Successors shall be elected.
The names and pOstOffice addresses of
the subscribers hereto and the number of
shares which each agrees to take in the
corporation are as follows. tO-wit: John
j. Dahlstrom, 1926 Coliseum Street. New
Orleans, La, fifteen hundred and one
shares r; l.. Sternberger, Amite, La. one
share; Julian F. BENJAMIN 1881 Prytauia
street. New Orleans, La, two hundred and
twenty shares; Charles V. benjamin, 1881
Prytania Street. New Orleans, La. fifty
shares; Pierre V: blanchard, Donaldson
vile, La fifty shares; Adrian c. Benja-
min. 1881 Prytania Street. New Orleans.
La, fifty shares; Lamar G. Hays, 7S0S S.
Claiborne Street, New Orleans, La, thirty
shares.
ARTICLE IX.-The corporation shall
shares of stock, which represent his sub
scriptiOn TO the capital stock of the cor
poration, the same TO be paid for by being
accepted by the said Lamar e. Mays in
full payment of his interest in the contracts
hereinabOve mentioned. which he has
transferred and assigned TO the corpora
ton.
Thus done and passed, at my office in
the City of New Orleans. on the day. and
in the month and year herein first above
written. in the presence of Messrs. Azzo
j. Plough and Lawrence Vollenweider. Jr.
competent witnesses, who have hereunto
signed their names with said parties an,
me, notary, after reading of the whole.
Original signed) ]. J. Dahlstrom. 1901
shares; +. l.. Sternberger, l share; Julian
+. Benjamin, 30 shares; Charles V: Ben
jamin tper j. +. Benjamin), 50 shares
Pierre V. Blanchard. 80 shares; Adrian G.
benjamin. 80 shares; Lamar z. Mays, 30
shares.
Witnesses: Azzo ]. Plough, Lawrence
Yollenweider. Jr.
HENRY G. MCCALL. Not. Pub.
CERTIFICATE OF RECORDER.
l. the undersigned Recorder of Mort
in nd fnr hn Dar oh of nrla