The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-11
CHARTERS.

ness; to do all things necessary to carry
on its business.
| ARTICLE H.-An citations and Other
| legal process shall be served on the Pres
| ident or in his absence or disability. OIL
4 the president.
ARTICLE III.-The objects and pur,
/ poses for which this corporation is or.
| ganized and the nature of the business to
| Toe carried on by 1t, are hereby declared
| to be: To manufacture. make. sell, buy
| and deal in shoe dyes and pOliShes and
I to generally do a business of manufac-
/ turing and selling the said shoe dyes and
| pOliSheS, and to generally do everything
necessary or appertainang to the said
{ business and TO carry ont the objects and
| purposes as above set forth.
ARTICLE IY.-The capital stock OF
this corporation is hereby fixed at five
| thousand CSjO00.O0) dollars, divided into
| fifty shares of the par value of one hun
| drrd dollars each, which stock shall be
paid for in cash or in property. good
! or merchandise, or in service or labor ac-
tualiy performed for the corporation: all
stock shall be full paid and non-aSsess-
able: no shares of stock shall be trans
fcrrpd except on the books of the com
| puny and until the certificate of stock
shall Ice delivered and cancelled the CAPT
! tai stock of this corporation may he in
Crea sed to fifty thousand $4,000 OOD dol
lars. The said corporation shall begin
business and be a going concern as soon
a. twenty five hundred ($2. 500 Ol dollars
of it, stock shall have been subscribed TO.
ARTICLE N.-AH the corporate powers
of this corporation and management and
control of this business including the pow
or 70 buy, sell, mortgage, pledge or en-
cumbcr the property both real and per
sOuIl shall toe vested in the board of di-
rrctorS TO be composed of three stock
holders. The directors shall he elected
annually by ballot by the stockholders on
the second Tuesday of April commencing
on the second Tuesday of April, 1921. cN-
Ccpt as may he hereinafter provided for.
Each stakeholder shall be entitled in per
son or 10y proxy to a vote on each share
of stock owned by him, and such election
shall be held under the rules and regu-
latiOnS as may be adopted by the board
of directors The directors thus elected
shall continue for one year until their
successors shall have been elected. and
no failure to elect shall be regarded As Il
forfeiture of the charter. Any vacancy
occurring on the board Of directors shall
be- filled by the board and the board of
directors shall at their first meeting after
their election. nominate out of their num-
Der and elect a president. and treasurer :;
secretary: vicc-president. The first board
of directors shall be: J. Milton EOZC.
2N24 Bell street. New Orleans. La, Gus
tavo J. BuiSSOn, 36ll Constance street,
New Orleans, La, John II. MARTINEZ Ca
rOudClct and GirOd streets. New Orleans,
La. with J. Milton BOzc. president and
John u. MARTINEZ, vice president. All
meetings of stockholders. whether gen
eral or special. shall be held after no
tice of said meeting and shall be given
in writing To each stakeholder by the
secretary, either in person or by mail.
ten days prior to said meeting and shall
he addressed to his last known address.
ARTICLE VI.-At the termination of
this charter by limitation or otherwise,
the business or affairs shall be liquidated
mi h.. TOD.
from among the stockholders at a meet
ing convened for that purpose, after ten
days notice in writing shall. have been
given by the secretary to each stakeholder
in person or by mail. said commissioners
to he elected by a majority vote of tn"
shares of stock present or represented at
such meeting and voted in person or by
proxy. Said commissioners shall remain
i'm office until the affairs of the corpora
ton shall have been fully liquidated. and
in case of death, resignation or inability
of either to act. his place shall be filled
by the stockholders in like manner, until
such time the survivor shall continue to
act.
ARTICLE NII.-This charter may be
changed or altered or amended or the cor
poration shall be dissolved or ordered Ii
quidated by a vote of two-thirds Of the
capital stock present or represented at
meeting of the stockholders convened for
that purpose, after ten days notice in
writing shall have been given by the sec
rotary to all the stockholders in person
or by mail.
ARTICLE VIII.-NO stakeholder shall
ever be held liable or responsible for the
contracts or faults of this corporation in
any further sum than the unpaid bal
ance due to the corporation on the shares
owned by him, nor shall any mere intor-
mality in organization shall have the eff
feet of rendering this charter null and
void, or exposing any stakeholder to any
liability beyond the amount of his unpaid
stock The names below is the subscrip-
ton list of subscribers, no other existing
Thus done and passed in my nOtarial
office, 1107 Hibernia Bank Building. New
Orleans. La on the day, month and year
herein first above written, in the presence
of Irene Hall and Philip J. Derbes, COM
petent male witnesses, who hereuntO sign
their names. with me, notary. and the
said subscribers, after due reading of the
whole.
Names of subscribers omitted.
Witnesses:
u. j. DerbeS.