The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-21
CHARTER.

aIw.y, maintain its capital uuimpaIr"d.
The corporation shall have the night To
rrfu~" 10 fruu-t"r any stock 80 long HS o..
shareholder demanding IN" transfer Is lI
any way Indebted To III" corporation. and
The. corporation shall have lien. pipdE"
AMI prINIl.g" on each shar" of STOCK 10
secure any Indebtedness du" 10y h" share.
holder 20 thu corporation. should amy "t
ia" stock offered Tor sale o." not desired
ny thu. other >toD hLuldorr. ana should ti,.
corporation itself b. unwilling or unaJir
70 purchase any Of ia" same out OF It-
surplus earnings, within ten day, from
the receipt at the corporations Office 90.
tine written otter to sell, then, and then
only. shall the stockholders desiring o.
sell hc entitled To transfer such uudosiryd
portion of the stock to such person or per.
sons as he or Hh" may So" lit tn" pr"
visions Of thi, article shall BE- printed
upon ia" face Of each certificate OF stock .
issued by the corporation and shall IL. .
! binding upon every person, now or here.
after becoming stakeholder In this cor
r"raiion. all OF whom take such stock sub
| Jert TO the provisions hereof. and all
pledges. h!pplh"rauou- or other IuruW.
braHrrN of said stock. or dealings With r..
gard thereto. shall bee subject 10 III" pro
Visions hereof.
ARTICLE \ All ia. powers Of tii,
corporation shall be- vested ia and ,>rr-
'i>"d b! q board composed OF not I.-,
! iHau three nor NOR" than seven Directors .
! tn" pr''I~" number OF the Directors with
! IA said limits shall bc iN,d from tir. ID,
| time by Tho N"t" OF the stockholders at .
the annual needing, or al 81 special meet.
iuG called Tor that purpose. y majority
OF ID" Board shall constitute q quorum. .
said Board Of Directors shall be-. elected
annually 30 % stockholders u,ttIl-. o., f. .
h'id annually ~ th" office OF the ,urrOra. .
uon GA the first Tuesday in October Of
"1,h year tor the next legal day if that
be ID hoidaEy after motto" given tu each /
S'"'hA"ld"r 10y mail 40 least fifteen DAYS /
h'l"r" ia" dat" of the meeting. add r,.~~,.t
TO ia" last designated address of tL, srort- .
holder, or II b" has designated no address +
10 I'M" General Delivery AT New Orleans
SPECIAL meetings OF the ~toukkholder, may T
u" called 10y ID" Board at any tim. and no /
u'r thereof shall b" given in the manner
provided for annual meetings. provided
| that Ia all cases all notices NAV be-. waived
| 10y unanimous consent. Each shareholder
! shall bc entitled To- one vote for each sLur.
! OF stock standing in his name. on the books /
OF the corporation. said vote TO be cast in
P'I>oh or d! proxy, and majority OF the
| votes east shall elect. Failure 10 elect
Directors on III" day above specified shall I
| not dlNNoIN" the corporation. but the III.
rertUrS then il office shall remain in offir.
| LHtl their successors are elected. Tn.
! Hoard Of Directors shall have power 10 /
III all vacancies which may occur or ia /
! any manner aTls" or be created on the
! liOard. even though no quorum remain 3t |
| thT llIH" such vacancies are to be- filled /
| h" board shall elect from their number /
a President, Vice President and a Srcrr- /
| TAR! treasurer; provided that from time /
J To time tn" Board may dispense with any /
! OF said Officers and or may combine, and |
/ or separate any Of them and Tor NAV elect |
such other officers Is they may think
! proper or convenient for the CARRYING on |
" the company = business, and may pro |
wa" that such officers may not be mem
b"Fs oi the Board, or stockholders; and !
th"y shall fix the salaries of the officers |
agents ana employees. At any meeting Of
| the Board of Directors. any director absent
from the meeting may be represented bv
any other Director who may east the vote
OF me absent Director according to the
written Instructions, either general or
special, OF said absent Director. The. said
Board of Directors shall have authority 10
make and establish, a. well as alter and
amend. all bylaws, rules and regulations
necessary and proper for the support and
| management OF the business and affairs OF
this corporation and not inconsistent with
TINS charter. and they shall have power to
authorize the borrowing of money and m.
Issuance Of notes and the execution of
| pledges, and generally to do all things
| necessary or convenient for the proper
carving on OF the business Of the corpor- !
alton.
Until Il general meeting of Observation-Disclosures
for election OF Directors to be held in 1921 |
or until their duly qualified successors are |
elected and installed the Board of Iii !
f"tIOFS snail he composed of the follow
ing. Felix p Naccaru 344 Camp Street |
NJ" orleans. La; L. l.. Stream, $50 South !
Front Street, New Orleans, La; Charles |
! L"ijWIch, IA Camp Street. New Orleans |
! La, salvador p'Antoni. 3i4 Camp street |
New Orleans, La; Jos. VacCaro. IA Camp |
street New Orleans. La: Lucas Vaccaro. |
IA Camp Street. New Orleans La or |
these Felix Z. Naccaro shall be President. |
+. l.. Stream, Vice President. and Charles
Leftwich, Secretary Treasurer
ARTICLE VL-ThiS act of incorporation
| may be changed modified or amended ar |
the corporation dissolved. by vote of
/ tWo-thlrd> of the entire capital stock pres
INT or represented at general meeting of !
the stockholders convened for such pur-
pose, after previous notice shall have been !
! given in the manner above required to be
given at the annual meeting of the cor
poration.
be dissolved, either by limitation or from
any other cause, its affairs shall be liuui-
dated by two commissioners to be ap-
pointed at the meeting of stockholders con
| Erned for the purpose of liquidation. and
10 be- elected by the vote of all the stock
holders voting upon a parity. Said liqui-
dators shan remain in office until the
affairs of the corporation shall have been
fully settled and liquidated and they shall
have fun power and authority TO transfer
and give title to all the property and
assets of the corporation and to distribute
the proceeds. In case of death, disability
or resignation of one liquidator, the va
cancy shall be filled by the survivor.
ARTICLE vIII.-No stakeholder shall
ever be held liable or responsible for the
contracts or faults of said corporation in
any further sum than the unpaid bal
ance due on the shares of stock owned by
him nor shall any mere infOrmality in
organization have the effect of rendering
this charter null or Of exposing any stock
holder to any liability beyond the unpaid
balance due on his stock.
In order that this charter may serve as
the original subscription list. the subscrib-
ers hereto have indicated opposite their
respective signatures the number of shares
of stock subscribed for by each of them.
Thus done and passed at my notariaI of
nee in the City of New Orleans. State of
Louisiana, on the day, month and wear
first hereinabOve written. in the presence
of George HUFF and George Perez com
petent witnesses. who have hereunto sub
scribed their names together with me
Notary, and the said appearers, after due
reading of the whole.
(Names Of subscribers OmittedD
Witnesses: George HUFF. George Perez.
WATTS h. LEVERICH
8 Notary Public
i. the undersigned Recorder Of Mort
cages in and for the Parish of Orleans
state of Louisiana, do hereby certify that
the above and foregoing act of incorpora-
ton of the Louisiana ACetelyne Company
| Inc, was this day duly recorded in nv
office in Book 1916, Folio 3OS New Or
leans La. September "A, 1920
(Signed) EMILE J. LEONARD, by. r.
| i hereby certify that the above and for