The herald., 1920-03-25
CHARTER.

~ . - - w AfA 49, .
New Orleans. La. l.. VI. Ash, 3E2 Gientil-
ly Terrace. New Orleans, La, with Julian
IT.. Saenger. president; Victor {. Toward,
vice president 4. -. Bourbon. vice prcSi-
dent T.. Y. Richards. secretary. and l.. VI.
Ash. treasurer. All meetings of the stock
holders and directors must be held al the
dOmicilc of the corporation or at such
place as the board of directors shall pro
vide. provided that Will the consent of all
the directors valid meetings of directors
may be held outside of the state or within
the state. "l>cW here than NJ its domicile.
Notice shall be given Of all stockholders
meetings as provided by this charter. cN-
ccpt aSOtherwiSe required hv law. bur said
notice may be waived by unanimous con
sent of all the stockholders. The FIRST an
nual meeting of the stockholders shall he
held on the first Monday of February,
1921. or as soon thereafter aS practicable.
at such hour as tn" board of directors
shall determine: bur failure to hold said
meeting shall not invalidate this charter
nor impair the same in any respect nor
dissolve or in any way affect the rOrpOr-
alton. but all directors and officers then
in office shall hold over and "OntiuUr un-
iii tn" election shah be held. at such
time thereafter as the board of directors
may fix and until their successors are
elected and qualified. The board of diroc-
tors shall Immediately or aS soon as prac-
ticahl" after their election elect the Off
GERS Of this corporation. who are hereby
wv ifi'l " 'hNt~i ~ q lIfNlbfhis Two IT,
presidents. q secretary aud a treasurer.
The board Of directors may from tim. TO
time appoint such other officers. agents
and employers rs said board may deem
proper and prescribe the powers aud duties
of all Officers. agents and employees and
fix their compensation. The board of di-
rcctorS may from time {" time adopt. alter.
amend or repeal such bylaws. rules and
regulations as said board may determine.
provided same are not in conflict with or
non LVf - : . D. 1AnH. - nVsVl eIs
or with such by laws. rules and regulations
~ MAY be adoptcd 10y the stockholders. At
any time the board may merg" the office
Of secretary and treasurer into one. after
which said officer shall Ice designated rs
Sc,rptary-treaSurcr. and said board shall
also hav" ia" right at any time 10 reduce
the number Of vicc-pr"SIdcntS to one if
the board SO desires.
ARTICLE VI. This act of incorporation
may bc amended, modified. or altered. or
said corporation may he dissolved. with
the assent Of two-thirdS Of all its capital
stock. NJ a general meeting of the stock
holders to be convened for such purpOSo
after fifteen 30 days Sundays aud legal
holidays included previous notice of such
meeting shall have been mailed TO SucA
stockholders at his last known post office
address. which notice may be waived by
unanimous consent.
ARTICLE VII. No StOckhOldcr shall
ever be held liable or responsible for the
,outractS. faults or debts Of the corpora
ton. nor shall any informality in the mode
of organization have the effect of render
ing this charter null or of exposing any
>tockholdcr to any liability. beyond the
unpaid halanc" due on the shares of stock
owned by him.
ARTICLE VIII when this corporation
is dissolved by limitation or otherwise. its
affairs shall b" liquidatcd by one or more
lipuidatOr>. who shall bo elected from
pVpnuy fl. gtn,lhn1I.rG az a uanaral rnatt-
ing of the stockholders authorizing such
dissolution. or at - meeting held for the
purpose Of clecting such liquidatOrS. TIL"
said liguidatOrS shall remain in office until
he affairs of the corporation shall have
incn duly liquidatcd. and shall receive such
compensation and have such powers and
duties and he subject to such limitations
Is the stockholders shall from time 10 time
provide. In ease of the death or reSig-
nation or inability to act of one or more
Of the liuuidatorS. the stockholders shall
ill such vacancy or vacancies from among
the stockholders of the corporation. Thu"
liquidatorS shall have the power to dis
pose OF all Of :hc property and assets of
he corporation NJ public auction or private
sale and to make title thereto. and to do
Gll other acts necessary to completely liqui-
date tn" corporation. reaTine upon its as
sets. and diVid" the proceeds among the
various stockholders. all subject. however.
TO such limitations as the stockholders may
from time To time provide.
ARTICLE IN. The parties hereto have
annexed hereto an accurate detailed and
iteu,iz"d description of the property to be
transferred Ia the said corporation in pay
went of the stock subscribed for. together
with the value thereof as appraised by the
hoard of directors herein named and the
same has been signed by the parties hereto
and paraphrd Ne Narictur' by me. No
tary. for Identification with these presents.
ARTICLE y. The names and post Of
fee addresses Of tn" subscribers to these
articles of Incorporation. and Il statement
of the number of shares of stock which
each agrees to take in the corporation. is
aS follows. to-wit: Julian II. Sacnger.
3:Gl3 GENTLY Terrace. New Orleans. La.
246 shares Victor G. Howard. 2j1I st. Ann
street. New Orleans, La. | share: 4. q.
Bourbon. Biloxi. Miss. | share; T.. V.
Richards. TTi0 Belfast street. New Orleans.
La. one share: l.. NJ. Ash. 3E,3 GENTLY
Terrace. New Orleans. La. one share.
Thus done and passed at my office in the
city of New Orleans, state of Louisiana.
on the day, mouth and year herein first
above written. in the presence of MeSsrs
Elkin Moses and H.. H.. &. Wedemeyer.
competent witnesses. who have signed
these presents with the said aPpcarers and
me. notary. after due reading of the
whole. Original signed: j. IL. Saenger.
3-iJ5 Gcntilly Terrace. New Orleans. La, 246
shares. $2+. GOO; T.. V. Richards. 7Ti0 Bel
fast street, New Orleans. La. one share,
500; L.. NJ. Ash, 3J53 GENTLY Terrace. New
Orleans. La, one share. 500; \. -. I;Our-
don. Biloxi. Miss. one share. 500: Victor
&. Howard. 2Jl1 st: Ann street. New Or
leans. La. one share. 800. Witnesses: FL
Kin Moses. ii. II. e. Wcdemeyer.
CHARLES ROSEN. Notary Public.
\ true copy of the original.
CHARLES ROSEN, Notary Public.
! Mar. 4-.Apr. ;