The herald., 1920-05-20
CHARTER.

iority Of the Board shall constitute |
quorum for the transaction of all business. |
Each director at the time of his election |
and during his tenure of office shall own |
at least one full paid unpledged share !
of stock.
The directors shall be elected annually
on the second Tuesday of April of each
year mt a meeting of stockholders called
for that purpose after notice given as
required by law. At the first meeting of
the Board OF Directors after the annual
election they shall elect from their num-
Der president, one or more vice presi-
dents a secretary and a treasurer, and
the Board shall have the power, in their
discretion. to unite two or more offices
and the same to confer on one person. All
elect ions shall be by ballot, and d ma
iority of the votes cast shall elect. Each
share OF stock shall be entitled to one
vote to be east by the holder thereof in
person or by proxy or by letter, the sig
| nature to which is duly acknow lodged as
required by law.
4 failure to elect directors on the date
| specified for the annual meeting shall not
| dissolve the corporation. but the direc
| tors then in office shall remain in office
| until their successors are elected and
| qualified: due notice of another election
! Shall forthwith be given as above pro
| yidrd. aud such notices of election shall
| continue to be given until an election l.
Held. The Board of Directors shall have
| the right from time Ia time TO appoint
A
| ploycS or committees as may he necessary
| for the proper conduct of the business and
| purposes OF the corporation, and shall
have the right 10 appoint an executive
committee composed of tire" members
and TO delegate to said committee. all
the powers aud authority possessed by
the Board. I" he exercised under such rules
and regulations the Board may see fit
All such appOintee> shall hold during the
| pleasure of the Eoard.
The Board of Directors may make and
establish aS well rs alter and amend, all
by laws. rules and regulations necessary
and proper for the support, management
and conduct of the business and affairs
of The. rorporatiOn. Said Board shall also
have the power to borrow money. execute
mortgages issue notes, bonds or other
obligations of the corporation, payable
| PRINCIPAL and interest in lawful money of
the United States. or in United States
| | gold coin and generally to do all things
| reasonably necessary for the proper con
- | duct and management OF the business OF
b | the corporation: and also to issue full
paid shares of stock bonds or obligations
of the corporation in payment for labor
done services rendered. money borrowed
or property or rights received by the cor
? roration.
| ARTICLE VI.-This act of incOrpOra
u ton may Ice modified. changed or altered
= the capital stock may be- increased or de
creased, or the corporation may he dis
D solved or Hquidatcd at Il general meeting
[ of the OtknOlueTS tHiltu lot puI
pose after previous notice shall haN" be"I
| given rs required by law, by the assent
of the number of stockholders as provided
by Law.
ARTICLE VII.-Whenevpr this corpora
e ion may br dissolved, either by Limitation
i or from any other cause whatsoever, III
= affairs shall be liquidatcd by three stock
!, holders to bp appointed at genera
n meeting of stockholders, convened for tina
. purpose after previous notice gwen rs T"
1 - IaNN She "a "A
: entitled to one vote in person or b!
= proxy, or by letter the signature to whnl
h shall have been acknowledged as r"
quired by law: said liquidatorS shall re-
n main in office until the affairs of salt
!, | CORPORATION shall have been fully >ettle'
Y and liquidated. and shall have full an
:. ! thOrity and power to transfer ana CAV
r. title to all the assets and property
a the corporation. In ease of death, dis
70 ability or resignation of one or more o
A said liquidatOrs the vacancy shall be fill
ed by election by the remaining liquida
tor or liquidators.
l. ARTICLE FIII.-NO stakeholder Sha
% ever be held liable or responsible for IN
~ contracts or faults of the corporation
= any further sum than the unpaid balanc
ID due on the shares of stock owned by hini
to nor shall any mere informally in orga
~ niZation have the effect of rendering TIL
,r charter null or of exposing any stock
n. holder to any liability beyond the amour
to due his stock.
in ARTICLE IN.-The names aud pos
:. | office addresses of the subscribers 10 n
=, stock of this corporation are as follow:
"A C. Reresford Fox. 1902 State St. Ne
" Orleans; Walter Il. Chilean, AL Walnl
or ST.. New Orleans; Anthony Wizard. IL
az Nashville Ave, New Orleans; William
"a Logan 500 Canal { Commercial Bank Bull,
ing New Orleans; Edwin y. Mickey. III
nd Soniat ST. New Orleans; all of whom ma,
nr been chosen and selected TO serve as u
If first Board of Directors of this corpor
% tion until the second Tuesday OF Apr
N 1921 or until their successors shall ma
ar been elected and qualified.
AEtICLE N.-This corporation shai
., commence business rs soon MS fifty p
- cent of the capital stock shall have bt'
- subscribed and fifty per cent Of the sto
q, subscribed shall have been paid Tor. al
'as In order that this charter may also ser
,ts a. the original subscription list, the su
ds s,ribers Lrreto have set opposite their 7
on spective names the number OF shares su
scribed by each of them.
nv Thus done and passed in my office
- the presence of Leo. l.. DubOurg and Lou
" I t;rlpi competent witnesses Of lawf
- age VIII, have hereunt0 signed their nam
m with said appearers and me. Notary,
Is the day and date herein first above W.T.
~ ten after reading of the whole.
NV NV CorigiuaI Signed) c. Beresford r.
!" 1890 shares: A. Wizard. 1866 shares: W.
"a ter +. Chilean. 1866 shares; w. b. Log
to per pro A. Wizard. l share; +. A. Mch'
SOS | | share.
ms witnesses: Leo l.. Dubourg, Louis
or Gelpi. =,
HENRY T. DART, JR..
Notary Public
80 April Il. 1920.
se' tho undersigned, Recorder of Mo
~. cages in aud for the Parish of orlea
bar state Of Louisiana do certify that the :
ar. of incorporation of the Acme Prodn
ne Co. Inc was this day duly recorded
Is my office. in Book 1912, Folio -
ers New Orleans. April II, 1870: =,
axe CSigned) NJ. J. DUNN. Il. VI
~ I hereby certify the above and fore:
nd ing to he correct copy OF the Origin
inf on file in my office.
I'D, MANI Sn,.rv pubIic
on Ap-. % May -.
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