The herald., 1920-05-20
CHARTERS.

plant; to exchange its entire capital stock,
or any part thereof, for stock which IL
il hereby authorized to acquire, or to eN-
change its entire assets and business. IN
whole of in part, for money or STOCKS OF
bonds or other obligations Of other com
panieS; and TO do any and all snch acts
and things as may or shall be necessary
aud proper to carry out the said above Oh
j"ct> and purposes.
ARTICLE IV.-The capital stock Of this
i hereby fixed at Five Thou
sand tSJ.OO0OOD Dollars. divided into tlitE
(JOI shares of the par value OF one nun
drrd (SlOO.OOD Dollars per share. The
amount of said stock may be increased 10
one Hundred Thousand Dollars tsloo,-
UOO. 0Ol.
ARTICLE v.-AiI tle powers of this
CORPORATION shall be- vested in and ever
riSrd by Board composed OF three dlre'-
tors Said Board shall be elected an
nually by ballot at a stockholders meet
ing called for that purpose Oh the third
Monday OF January of each year cor the
NEXT legal day if that day be hOhday),
after due notice to the St0ckholierS DE
mail at least fifteen days before the date
of said meeting. Each holder of stock
shall he entitled to one vote for each share
of stock standing in his name on the
books of the corporation, said vote 10 he
east in person or by proxy, and the ma
iority of votes cast shall elect. The
BOARD of Directors shall have 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
az the time such vacancies are 10 De 1llled
Failure to elect directors on the day above
specified shall not dissolve the corpora
| ton but the directors then in office shall
remain in office until their successors ar.
| elected and qualified. The BOARD shal
elect from their number President,
| Vice. President and a Secretary Treasurer
| providpd that the Board may elect such
| other officers lwhO need not Ice members
| Of the Board or stockholders rs they
| think proper or convenient for the carry
ing on of the COmpany'S business. anC
| they shall fix the salaries of all Officers
| agents and employees. At any meeting o
the BOARD of Directors, any director an
| sent from the meeting may he representa-
by any other director who may east I'M
| vote of the absent director. The BOar,
| Of Directors shall have authority 10 max
| aud establish. as well aS alter and amend
all by-laws. rules and regulations neces
| Sary and proper for the support ana lhan
| agement of the business and affairs OF TIM
corporation and not inconsistent VIII
This charter: and they shall have power u
authorize the borrowing of money and tn
| issuance OF notes and the execution
pledges. and generally to do all thlhe
necessary or convenient for the prope
carving on of the business of the cor
pOratiOn.
Until a general meeting of the stOckhOld
ers for the election of directors TO b
held in 1921, or until their duly quall1le'
Successors are elected and Installed, III
Board of Directors shall be composed 0
| the following: W. J. Walker, Post Ofllc
Address 222l Napoleon Ave. New Orlean;
I, La; Frederick Morrison, Post Office Ad
. dress 2131 Chestnut ST., New Orleans, La
. Horace Gumbel, Jr., Post Office Addres
4432 CarOndelet ST., New Orleans, La. Y
; these, W. J. Walker shall be Presiden
Frederick Morrison Nice-President ma
Horace Gumbel. Jr., Secretary Treasure
p ARTICLE yI.-This act of incorpor;
ton may be changed, modified or amen'
: ed. or the corporation dissolved, by
+ vote of twO-thirds of the entire capt.
n stock present or represented at gener
: meeting Of the stockholders convened Il
such purpose, after previous notice sha
Q have been given in the manner above r
A quircd to be given Of the annual meetiI
l. Of the corporation.
: ARTICLE Wifi this corporation shs
J. be dissolved, either by limitation or fro
e nny other cause, its affairs shall he
It undated by three commissioners 10
| appOinted at the meeting of stockholde
II convened for the purpose or hquldatio
Is and to be elected by the vote OF all I
d stockholders voting upon parity. IA
ID liuuidatOrs shall remain in office un
IS the affairs of the corporation shall ha
L been fully settled and liquidated, ana IN
,r shall have full power and authority
le transfer and give title to all the proper
II aud assets Of the corporation aud to dist
n butte the proceeds. In case OF death. d
n ability or resignation Of one or mt
Id liauidatOrs, the vacancy shall be filled
re the survivor or survivors.
~ ARTICLE yIII.-No stakeholder sh
ss ever be held liable or responsible for
"A contracts or faults of said corporation
m any further sum than the UNPAID baiai
a due on the shares of stock owned by nj
"a nor shall any mere infOrmality in orr
~. | niZation have the effect of rendering I
ne charter null or of exposing any sto
holder to any liability beyond the imp
NJ. balance due on his stock. In order Z
H. this charter may serve as the Origl
~ subscription list, the subscribers her
"a have indicated opposite their respect
nv signatures the number of shares OF ST.
=. subscribed for by each Of them. All S
mr. scriptions are TO be paid for in cash
70 the execution hereof
Thus done and passed at my nota
IT. office. in the City of New Orleans 81
"a of Louisiana. on the day. month and
to first hereinabove written. in the prese
red of Ralph Carroll and George Huff. G.
lie petent witnesses. who have hereuntO s
ar scribed their names, together with
hes Notary, and the said appearers, AFTER
re; reading Of the whole.
er- (Original Signed) W. j. Walker.
cts sharesS. 2eo1 Napoleon Ave, New Orle
ms La: Fredr. Morrison q shsre).
her Chestnut St. New Orleans. Ia: Ho
on GumbeI. Jr.. Il shareJ, 4i32 Carondelet
ei New Orleans, La.
as witnesses: r. Carroll. George Hu
and WATTS X. LEVERICH.
asd Notary Publ
all 7. the undersigned Recorder Of !
the cages, in and for the Parish OF Ori
Are state Of Louisiana. do hereby certify
rare the above and foregoing Act OF inco