The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER.

posed of not less than three and not more
than five stockholders, two of whom shall
constitute a quorum if there are three di-
rectors, and three OF whom shall const-
tute a quorum If there are four or five
directors, for the transaction of business
The Directors of this corporation may
vote in person or by written proxy at any
of the meetings of the Board of Directors
and the Board of Directors may delegate
any of its powers to any officer or Off
GERS or any other representative of the
company by appropriate resolution to that
effect.
The first Board Of Directors Of this
company shall be composed of the fol-
lowing: George w. Prechter, S. T. Alcus
W. b. Morgan, Henry Alcus, Ralph J.
Schwarz, with S. I. Alcus as President
Geo. W. Prechter as Vice President, Henry
Alcus as Treasurer; W. b. Morgan, as Sec
rotary.
The Directors shall elect from their num-
Der a President, one or more Vice Presi-
dents, a Secretary and q Treasurer-the
two latter offices may be combined at the
discretion of the Board. And they shall
serve until the second Wednesday N Jan
uary, 1921, or until their successors are
elected and qualified.
The Directors shall be elected annually
by the stockholders, at meeting held on
the second Wednesday in January, in each
year thereafter.
Notice Of such meetings shall be given
fifteen days prior to the date of the meet
ing, In writing, sent to each stakeholder
at his last known address. The Board
Of Directors may change the date Of such
meetings by giving notice in the manner
above provided. Notice may be waived
provided all the stockholders consent in
writing to such waiver of notice.
Each stakeholder shall at such annual
meeting or other meeting, general or spe-
cial, be entitled, in person or proxy. 10
one vote for each share Of stock owned
by him.
Elections shall be held under such rules
and regulations as may from time to time
be determined by the Board of Directors
The Directors when elected, shall hold
office for one year or until their sue
cessors shall have been elected and ouali.
fed; and failure to hold the annual meet
ing OF the stockholders, or to elect an.
nually the directors, shall not operate the
forfeiture of this charter of any rights
hereunder.
Any vacancy occurring in the Board OF
directors may be filled by the Directors
Tor the unexpired term. and in the event
that the remaining directors cannot agree
upon the person to be appointed to fill the
vacancy, then stockholders meeting shall
DC duly called to elect new director.
The Board of Directors may be Increased
from three to five by a majority vote OF
the outstanding stock at any annual meet.
ing or at any special meeting of the stock.
holders called for such purpose and with.
~
alteration of this charter. ~
ARTICLE VIII. This charter or act OF
incorporation may be changed modified
altered or amended by and with the CON
sent OF two-thirds of all the stock presen,
AT any meeting, general or speciaI held
for that purpose: and such amendmen,
may be material or immaterial suhiac,
only to limitations as NAV be nv lou
provided; and this corporation shall bays
lne power TO increase or decrease lis
a hon k1E
any increase In the capital stock In ay
cess or the amount named herein as m.
amount to which il may be increa sed m Az
De made by three-fourths vote of al
outstanding stock "i
ARTICLE 1X.-Notice of any and n,
meetings referred to in this cbarter q,
required by law, shall be given in IN.
manner provided in giving notice in cas-,
S St elections; unless the same shall hay.
In case Of the dissolution ,ior,5o,,o.
or termination of this charter nv I;m;,a
tion or otherwise, the affairs of This CO..
Porauon shall be liquidated by one .,
more more hquidators elected by the stool
Said rs VINO may provide the number O.
sald nquldators and vest them with src,
power ana authority as NAV NV iaw -,
peIhitted, and fix the terms and condi
lions upon which they shall serve an,
onen compensation, and provide that 4,
case OF disability of any of SAID i;nr',.
tors, the remaining liquidators NAV s,i ia
vacancy or continue to act on bah M IN
the corporation. w penaH o
ARTICLE X.-No stockbolder ~ a.,
esorporatlon shall be liable or resnons;hi
lUr any costs, contracts, debts or TarIt
ms company, or any of its officers NO
s ah any mere informality in oroan;,o
eion nave the effect of rendarinS 30
cHaIter null and void, or OF eynos;,n
stockhsioer to any liability beyond
him. v" the STOCK held b!
ARTICLE XI.-The subscr;he-s 49,.
lave written opposite their names 81
nemSer OF shares subscribed IN Nv 81,
VI tnem and their post office .dS,oaSSI'
tnat this charter may serve as ~
s1uscriptlon list Of the cornora,,on IN
y, Mhlcn subscriptions are paysbIa a. ,h
mh ana form set out herein ~"
nus zone and passed at NV off;o. 4,
~. ne city or New Orleans. Lonisiana -
,,, Jay month and year herein first aho,
ga IN the presence of VIM. 7 Cus,
NE, "a,er Revertiga, Competent Wit
neSs, VINO have hereunto signed thas
So.ts with the said appearers ana NJ
Wi,y sIter due reading of the whole
Williams j. Guste
walter Revertiga
fsh of Orleans. ioho Q. Far
HERMAN L. BARNETT
A true conv Notary Public
HERMAN L. BARNETT
Dec. a5-Jan 90 Notary Public