The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-06
CHARTER

Of1Ah EN-.
authorized to do business. as soon as tlttE
,-O nor cent of its authorized capital
shall b, subscribed for. and at least tliIN
tJOl per cent. Of all stock subscribed lor'
shall br paid for. Stock OF inns company
shall only hp ISSUED for cash. or TOT ser
yirrs rendered merchandise. property or
other valuable considerations. enuring 10
this rorporatiou. according to the 'N-
rIusi,r Judgment and findings of tb" bohrh
Of directors thereof.
ARTICLE IV.-In the event any holder
or owner of stock. rs well ~ his WIDOW
...tytn or hri~s desires 10 sell or diSpoS"
cf rho same such holder or owner. rs well
- his widow. estate or heirs. must iirSt
tender such stock 80 the stockholders
through the board of directors. for pur-
chase. for period of thirty days. IN writ
ing 81 the price of said stock on th'
hook. Of the corporation and during such
prriOd Of thirty days. the said stockholm
nr> ~h.II have the exclusive right 10 ht-
,.spt or reject ~" Pur'ha>" % >ali Nl"'. h.
,s ir may elect. and in tn" event sam
tack holders through said board shall ihll
10 make said purchase Within the said
r.riod 1T IN" price offered. under the con
Ifti.n~ aforesaid. then and in that event.
rh" .forkhoId"r or stockholders desiring J."
dispose Of his stock. may ~"l! IN" same
20 such other person or persons as h'
may see fit.
ARTICLE Y. The domiril" Of this cor
r,rttiou shall be- i'm the city of New Or
rnn> la. where all meetings "t the stock
holders or directors must b" held. pr"Nid
.d than vuh IA" written consent OF an
the directors valid meetings of the III
r,.rtur> may %" held outside of ia" state.
or ,yirhfn the state. cl>"wh"r" than at iiN
Iomirilr Citation shall b" served upon
IA" president. or in the ah>"nr" or MS
ability of the latter upon IA" Vie" pr">l
don't aud i'm the absence or disability Of
~
,h>ru,- or disability Of tn" latter upon
the treasurer
ARTICLE VI-Nll the corporate" pow
nr~ Of this corporation shall h" vested III
and exercised 10y - board Of directors.
three in number all If whom shall u"
Stockholders to hr elected on the first
Monday Of March Of each year. "ommenc-
ing with thu. first Monday of March l92l
with the understanding that the first
board OF directors ScleCtrd by the stock
holders and named i'm this charter. ~
we'll n Ia. first set of Officers. I> here
matter named. shall hold offic" until the
first Monday Of March 1921. or until their
Surr">SorS have been elected and have
qualified.
After the election Of said board of di-
r"rtor>. hy IN" holders of stock. aS herein
provided thrr" shall be- elected by said
directors from their own number. the OF
firrr> of the corporation. which are a. fol
lows: I>t. u president. 2nd, Nir"-pre>l'
dent :ird. u secretary: +th. treasurer
any two of which offices may h" com
bin"d in one person.
The first board of directors. and tn,
officers uf this corporation shall be th'
/ following. and which said board of direc
tors aud Officers shall serve until the elec
tion to be held on the first Monday 81
/ March 1921 or until their successors arr
/ elected chosen and qualified. The al
dresses Of said directors and Officers arr
. tI..fr . N-a ntm
/ Abby Hitler. president and treasurer
/ 2IaT Octavia street New Orleans. La.
/ Lucipn Lavedan. vice president and Secre
( tary. 90 ~ solomon street. New Orleans
/ La: Samuel W. Abney. director. tleidel
berg. Miss.
The board of directors shall have th'
I right to fill all vacancies occurring in thei
/ number. whether resulting from death
| resignation or otherwise.
. ARTICLE NII.-Thp annual meeting o
/ the stockholders of this corporation To-
/ the election of directors shall be held OF
| the first Monday of March Of each year
/ commencing with the first Monday o
| March 1921. The election for said direc
I tors shall be by ballot and the majority
/ in amount of stock. voting. whether II
person or by proxy, shall elect the per
son for whom they are cast: each share
of stock voted upon, to he counted but
for one vote. Said stock shall not b,
entitled to cumulative voting.
The board of directors shall give m
least fifteen days notice by mail of the
election of said directors. and shall ap
point one or more stockholders to preside
Mt such election. Any failure from any
cause whatsoever to elect directors or
the day named for that purpose shall not
dissolve this corporation. hut the direc'
tors and officers then in office. shall hold
over until their successors are chosen
and qualified.
Said board il further authorized Il
| frame aud adopt bylaws, rules and reg
ulatiOnS aS the affairs and business of thu
company may require, and il may deem
necessary for the conducting and manage
ment thereof. provided, the same doe;
not conflict with this charter and thu
| laws of the state of Louisiana. and thos'
! Of the United States of America; to nam'
| ton and terms of employment. as well a
name and appoint agents and employee
| as In its discretion may seem fit and prop
er as well as to fix the salaries and term
of employment of the officers, employees
clerks and assistants.
ARTICLE VIII.-The board of director
is specially vested with the power to &C
quire and purchase such property or bus
ness or good will, or all of these frOI
individuals. firms. or other corporation
as said board of directors may deem nd
, on such terms as they deem best. and I
: pay therefor in the capital stock of tn
corporation or otherwise.