The herald., 1920-08-12
CHARTER.

and conducted mt the office of the said
corporation under the supervision of three
commissioners 10 be appointed by the
/ Board of Directors.
Notice of such election shall be- given by
the Secretary of the Company by written
notice thereof delivered personally or by
dcpO>itiHg same in the pO~toitIr". properly
addressed. TO each stakeholder at least
/ fifteen 90 days preceding such elections.
At all such elections and at all corporate
meetings every stakeholder shall Ice en-
titled to one vote for each Shar" of stock
standing i'm his name on the books of the
corporation to be cast in person or by his
written proxy. and majority of the votes
! cast shall elect.
Amy Vacancy occurring among the pir"c-
tors 10y death. resignation. or Oth"TN Sc,
shall be- filled 10y election for the remainder
of the term by the remaining Directors.
\ failure to elect Directors on the dat"
ahoy" specified shall not dissolve the cor
pOrHtion nor impair lis corporal" manage
mcut. but tn" Directors then in office shall
remain in office until their successors are
elected and qualified.
The Board Of Directors shall elect from
their own number a President and Vice
President. They shall also elect Srcrr-
tary and a Treasurer. or one person who
shall h. both either Of whom may or may
not be members of the Board. They shah
have power and authority. from time to
time to nam~ and appoint all such officers.
agents or other employees as may be
deemed necessary for the purpose and bust
ness Of the corporation. They shall have
power to fin the compensation and define
tn" duties 81 every officer and employee,
and all officers and employees shall hold
office and employment al the pleasure Of
the Board.
The Board may make and establish. as
well a. alter and amend. any and al by
laws. rules and regulations necessary and
proper in its Judgment for the conduct,
support and management Of the business
and affairs of said corporation. At all
meetings Of the Board Of Directors each
director shall have the right to appoint
proxy To act in his place and stead
The Board shall have fun power and au-
thority 10 borrow money. to execute mort
cages and To create liens. to issue bonds,
notes and other obligations. and generally
to do all things reasonable. convenient and
necessary for the proper carrying on of the
business of ia" corpuraiior-
The Board may issue fn''-- a shares OF
stock for cash or in paymor Of labor done
or property actually received by said cor
p0ratiun.
ARTICLE Whenever this corpora
tiun may b., dissolved either by Limitation
or from any other cause. its affairs shall
be- liqudatod by three Ommi>SionerS. to
be- appointed from among the stockholders
at general meeting Of the stockholders
convened for such purpO~p. of which meet
ing notice shall be- given in the manner
and time provided for Stuckholders' meet
ingS by Article VII of this Charter. and
two-thirdS III amount of the capital stock
of said Company shall be requisite to elect
said commissioners shall remain in sffice
unit 1.-The affairs of said corporation shall
have been fully liquidated. In ease of
death of one or more of said commission
er>. tn" vacancy shall be filled by the sur
vIving commissioners.
ARTICLE Widths Act of Incorp,ra-
tion may be modified. changed or altered.
or this corporation may be- dissolved. or
the capital stock may be altered. in ac-
cordanCe with law, at meeting of stock
holders called for the purpose. after notice
shall have been given by written notice to
each stakeholder, delivered to him person
ally or mailed to him at the pOstOffice
address designated by him in writing AT
least fifteen 40 days prior 10 the date of
meeting.
ARTICLE VIII - No stakeholder shall
ever he held liable or responsible for the
faults or debts of said CORPORA
tion in any further sum than the unpaid
balance due the corporation on shares of
stock owned by him. nor shall any mere
informality in organization have the effect
of rendering this charter null or of expos
lng stakeholder TO any liability beyond
the unpaid amount remaining due on his
stock.
ARTICLE lN.-Arthur Alderman. New
J ork. y. Y: ID. +. Clark. Alexandria. La;
Alfred Mead. Berwick. La; Gustaf A. f. |
Ackerman New York. Y. and Abraham
Goldberg. New Orleans La have been
chosen and selected as the first Board of
Directors of this corporation. with the said
Arthur Alderman as President. ID. p Clark
as vice President. and Alfred Mead as
Secretary and Treasurer. to serve as such |
until the first Monday in January. 1921 or
until their successors shall have been
elected and qualified.
The subscribers to the canitaI stock of |
said corporation and their respective ad- |
dresses, are.
Arthur Ackerman. New York. n Y. 100
shares.
ID. F. Clark. Alexandria, La. 20 shares. !
Alfred Mead. Berwick. La. 10 shares.
GuStaf y. L. Alderman, New York. n. /
Y. 30 shares
Abraham Goldberg. New Orleans. La. l .
share.
Thus done and passed at my office in I
me city of New Orleans. in the presence of 1
NeS>r>. Eugene Thorpe and Joseph A, f. |
barry, competent witnesses, of lawful age /
una bOth of this city. who hereuntO sign
heir names, together with the said an
bearers and me. Notary. on the day and !
late herein firSt-above written. after due
reading of the whole.
Names. address, number of shares,
mount:
Alfred Mead and others.
Witnesses:
Eugene Thorpe Joseph 4. Barry.
SCOTT T.. BEER, Notary Public.
!. the undersigned Recorder of Mort
cages. hereby certify that the above and
foregoing charter of the Oyster Shell Prod |
i'lS corporation. Inc was this day by me |
recorded in Mortgage Office Book 1o4O |
olio JS9. New Orleans, La, July I3 1920
tSigned) NJ. J. DUNN. Rec.
This is TO certify that the above and
oregoing Is true and correct copy of |
he Charter of Oyster Shell Products Cor
l0ration, Inc. with the certificate of the
recorder of Mortgages. Parish of Orleans
louisiana, thereto appended. with the px-
option of the names of the subscribers to
he said charter.
In faith whereof / hereunto sign my
lame. this nth day of July. 1920
SCOTT +. BEER,
Notary Public.