The herald., 1920-07-08
CHARTERS.

~titut- the value aud price Of ~aIi
. stock II within iNruty-four hours
after such notice. the owner. his
AGENT or representative. does not join
with tho Hoard m establishing tn"
"ric" or value of tn" stock, the Board
may proceed without further delay to
, iN the sand value. u~inG the report
/ ana trial balance aforesaid for that
/ purpose. which writings ar" doclt""'!
/ - br conclusive evidence for and
H-ain>t ali parties in interest in thu.
premises. whether the Valu, is ,Stab-
I liSh"d by tn" joint act Of the owner.
I his agent. widow. heirs or representa-
! tive or 10y the Board Of Directors act
I ln- IN default Of IN" cO-oprrati"h II
SAID person or persons. Upon tn re-
Ccipt of tn" offer or acceptance Of any
shareholder To purchase said stock and
/ upon obtaining guarantee satisfactory
! {" said Board for the price thereof.
the Board Of Directors shall thcrcUpou
/ give notice To- the owner Of thu stock.
/ his agent or representative. and be
/ Tor, tn" expiration Of the period of
! eighty days aforesaid. shall call in the
! certificate or certificates representing
J such stock ana pay the prize" or value
/ thereof and CauS" the same 10 b,
! transferred on IN" books Of the cor
! poratlon.
| - The preference. oprinn and right
| of purChds" heretofore vested 10y para
| graph ! IN the other shareholders shall
| exist IN full force and effect i'm their
favor 1" acguir" "a" shares Of stock
| of a deceased stakeholder. and the for
! malitirS ana course of procedure. tn.
4 terms. conditions, StipulatiouS and de
hlV- hrr.inahovr ,StI bIish.1 i'm saiJ
! paragraph shall appIv I'M All r.Sp,.rs
| to the procedure 10 bee followed in case
Of death. Immediately upon receipt
/ ~ Information Of the death Of any
| shareholder. it shall be the duty Of
| the Board Of Directors TO cause the
| necessary steps To- he taken ." carry
ont and "nforc" these provisions
go IN" preference. option an- right
"f purcha~" her"inabovv established
shall run in favor Of each shareholder
| of record for his virile Shar, in pro-
portion To his existing holdings in Tho
stock. but should any shareholdrr fan
{" exercise his right in this regard,
| his rights shall pass to and h, absorb
| ed hy IN, other shareholders uroyid.J
that the owner. his widow. heirs or
/ legal representatives. AZ the case may
h,. shall not he OBLIGED to deliver said
stock unless the offers To- purchase In.
same shall include and cover tn, On
tir"ty Of the Offering under paragraph
!. or all Of the holdings under para
-raph =.
-, -,
vi 90 'lI,d''S OF STOCK Shal
,'''I bfIti reference 10 IN" rIGh.~
-, IN Il, '''H'''" III ''' i"N"T OF va"
'''' "'"'"'I'
AHTICI 4. N-\ll tho ,.,,,.,r,, ,,,,.
rrs of this cnrroratinn AMI H. Nan
agrmcnt and Central Of il ,ff.,ir.
shall he vested in and .,x.rCis.J L,. =
Board of Directors rnmnnssd ar tbroa
Stockholders a ma fority of which
transaction of all husinrsS Tho Dir.,-
tors shall he elected annually nv ia.
Stockholders. at A meeting Ia b,. briJ
on The mrs, Won,i,y ,ftcr ~ a.,
SUNDAY of each Year in IN. ,nontb ~
January, said mretinr ia he nrnC.d'J
by three DAYS written noticr TO fbr
StockhoIders Each sfnc[boIJe, hin
pr entitled. i'm u. rson or bv nrnxy To-
"a vote for every shnra n,vnad h, lin,
ami all elections shall b. held under
,"ch rules ahd regulations as may De
m-terIulned by IA" BOARD of Directors.
I The Directors when elected. shall con
! lihEe IN ONE" Tor ono year, ami until
ihcir successors hay" been duly elect
rd and nav" qualified. No failure -
! tir'I Shall operate the f"rf'itGr" ct
, tins charter. Any vacancy occurrIn..
on nus Board shall be- filled by the re-
/ malninE directors for IA" uneNpir"d
'ril. ne fodrd OF directors shall.
at MS hrSt meeting after its election.
,nJ or W, vi !,s hGiilpGI, ireSlden' :
tIau 49, iIoi 't-i ItSII,.hlS am
u.In 80 ~, t q 80 lhiE rta Nur'r
,h. n - i'"'; n""SN'r, ne inI mDtr OF
tha ri,rht =, -, : ~; rNlucI' ;udiI nave
cIarlyi ~ "il,o'It h,lu h'illSH 'ir
80 an; %mm "'nSr rilpIoltSS OF Sald
-, 60" 1I a. treasure ana as the IN
demand. He NAV eXrrcis. mis- authmr.
! ity by proxy. ANY Director being Sick
or absent or about Ia absent Ei1pvatf
shall have the ri-Pt IN auunint IN,
written instrument. another Dircctn,.
or Storkholders Ia ,.t NJ hi, -
in his stead, at any and All maatin',s
of the said Board of Directnrs Gn,.:n,-
such absence The frs. Roari n iii
TectorS Of this coruorat non shlII ba
composed of the folIowin, naru.J r.r
sons. who shall serve until N. aI,.I
ton to he held i'm 1921 nam.I.-. \l,r.,
ham FrankeL New York Ciiv EsH,
York: William II Cowlry Now M
leans. Louisiana. ana r / Erandnn,
New Orleans Louisiana
ARTICLE VT-rbo fn,5s 81 ,ri, oor
,nrat ion ~ - ne IuildS OF inns cor
| tn linz i, a oS HtpoSltrH from time
ia,tai IN d nahk or banks 10 be Sc
| cLacl', Wy lI' BOARD or directors MI
| drawn ,,,US or other instruments
| poratinn,S 49,, vi iSSIe,I, IN me cor
! signed nv ,Ia am peuaIi SHaIi De
| TraljGoni me resident and the Vice
No officer shall IN, i, etS uIeI
| the name of tho corHor,t ion 80,
, strictly in lis concern
,prrrI,,
AZ Gle Vino stakeholder shall
tracts. faults or debts of the corpora-
ton nor shall any mere informaIity
in its organization have the effect Of
| rendering this charter null. or of ex-
posing any stakeholder to liability be
yond the unpaid balance due on tie
shares owned by him.
ARTICLE VII T,r,is ao, 90 ;,u
poraIion may he cban%ad ,,o,ii6 IA ar
altered. or this cn%morat ton me-, b pa
dissolved with tho 1870 ~ IN ~ ihaf pe
holders n,,, IN tne assem- OF the stock
stock of this cornnration us ol al me