The herald., 1920-05-06
CHARTER.

iOrity of the Board shall constitute a
quorum for the transaction of all business.
Each director at the time of his election
and during his tenure of office shall own
at least one full paid unpledged share
OF stock.
The directors shall be elected annually
on the second Tuesday of April of each
year at Il meeting Of stockholders called
for that purpose after notice given as
required by law. At the first meeting of
the Board of directors after the annual
election they shall elect from their num-
brr a president, one or more vice presi-
dents, "A secretary and u treasurer, and
the Board shall have the power, in their
discretion. to unite two or more offices
aud the same to confer on one person. All
elections shall be by ballot, and ma
jOrity OF the votes east shall elect. Each
share of stock shall he entitled to one
vote to be- cast by the holder thereof in
person or by proxy or by letter. the sig
nature TO which is duly acknowledged as
required by law.
4 failure to elect directors on the date
specified for the annual meeting shall not
dissolve the corporation, but the direc-
tors then in office shall remain in office
until their Successors are elected and
qualified: due notice of another election
shall forthwith be given as above pro
vided. and such notices of election shall
cOuGinu" to BY given until an election is
held. The Board OF Directors shall have
the right from time to time to appoint
plOyrS or committees a. may be necessary
for the proper conduct of the business and
purposes of the corporation. and shall
have the right to appoint an executive
committee composed of three members
| and to delegate to said committee, all
| the powers and authority possessed by
| the Board. IL Ice exercised under such rules
and regulations rs the Board may see fit.
! All such appointerS shall hold during the
pleasure of the Board.
| The Board Of Directors may make and
| establish, ~ well aS alter and amend all
by laws. rules and regulations necessary
| and proper for the support. management
1 aud conduct of the business and affa IRIS
| of the corporation. Said Board shall also
| have the power to borrow money, execute
| mOrtg cages, issue notes, bonds or other
| obligations of the corporation, payable
| principal and interest in lawful money Ot
| the United States. or i'll United States
! gold coin, aud generally to do all things
| reasonably necessary for the proper con
| duct and management of the business oil
| the corporation; and also to issue full
| paid shares of stock. bonds or obligations
| of the corporation in payment for labor
/ done, services rendered. money borrowed
! or property or rights received by. the cor
| roratiOn.
ARTICLE vI.-This act of incorpora.
ton may be modified, changed or altered
| the capital stock may be increased or de
| creased or the corporation may be dis
! solved or liquidatcd at Il general meeting
|
| pose after previous notice shall have been
| given as required by law, ny the assent
! of the number of stockholders as provided
by law.
| ARTICLE VII.-Whenever this corpora
| ton may be- dissolved. either by limitation
| or from any other cause whatsoever, its
| affairs shall be Hquidated by three stock
| holders to he appointed at Il general
| meeting of stockholders, convened for that
| purpoSp after previous notice given as re-
/ ntt raH ny Law zach Sh "a
| entitled to one vote in person or by
| proxy. or by letter the signature to which
| shall have been acknowledged as re-
quired by law: said liquidatOrS shall re-
| main in office until the affairs of said
corporation shall have been fully settled
and liquidated. and shall have full au
| thOrity and power to transfer and give
title to all the assets and property o.
| the corporation. In ease of death, dis
ability or resignation of one or more o.
| said liquidatOrs the vacancy shall be fill
| ed by election by the remaining hquida
tor or liquidators.
i ARTICLE VIII.-NO stakeholder shall
ever be held liable or responsible for TIT
contracts or faults of the corporation II
any further sum than the unpaid balance
due on the shares of stock owned by him
nor shall any mere informality in orga
niZation have the effect of rendering thi
charter null. or of exposing any stock
holder to any liability beyond the amour
, due on his stock.
ARTICLE IN.-The names and pos
office addresses of the subscribers to tn
stock of this corporation are as follows
c. BeresfOrd Fox, 1902 State St, NeH
Orleans: Walter Il. Chilean, AL Walnu
ST. New Orleans; Anthony Wizard, 132
Nashville Ave. New Orleans; William L
Logan 500 Canal Commercial Bank Build
ing New Orleans Edwin A. Mckoy, 16I
| SOnat ST.. New Orleans; all of whom hav
r been chosen and selected to serve as tn
T first Board of Directors of this corpora
| thn nf
1921. or until their successors shall hav
r been elected and qualified.
| ARTICLE X.-ThiS corporation shall
. | commence business as soon as fifty pc
cent of the capital stock shall have bee
subscribed and fifty per cent of the stoc
, | subscribed shall have been paid for, an
!, in order that this charter may also serv
; as the original subscription list, the sub
, scribers Hereto have set opposite their re
Spectiye names the number OF SHARES SUP
scribed by each of them.
Thus done and passed in my office i
the presence of Leo. l.. DubOurg and Loul
j. Gelpi. competent witnesses of Lawful
: age. WIN have hereunto signed their name
with said appearers and me. Notary, o
the day and date herein first above writ
! ten. after reading of the whole.
(Original Signed) c. Beresford Fo,
1cG6 shares: A. Wizard. 1856 shares; Wal
ter b. Chilean. 1866 shares; W. B. Logan
, per pro A. Wizard, share; f. A. Mcko!
, | share.
! Witnesses: Leo L. Dubourg. Louis
r Gelpi.
HENRY p. DART, JR..
Notary Public.
: April H. 1920.
l. the undersigned. Recorder of Mort
p cages in and for the Parish of Orleans
r State of Louisiana. do certify that the AZ
: of incorporation of the Acme Product
Co. Inc was this day duly recorded !
my office in Book 1912. Folio -.
5 New Orleans, April IL, 1920:
. (Signed) NJ. J. DUNN. r. NJ.
r hereby certify the above and foregt
4 ing to be a correct copy of the origin;
!. on file in my office.
HENRY P. DART. JR..
y Notary Public.
= Ap-. 2-May -.