The herald., 1920-01-15
CHARTER


ARTICLE yII.-The funds of the cor
poration shall be deposited from time I,
time in bank or banks to be selecte,
by the Board of Directors. All checks
notes or other Instruments drawn, exc
cuted or issued in the name of the cor
poration shall be executed as determined
by the Board Of Directors. No officia
| shall sign or use the name of the cor
poration except strictly in its concerns
| ARTICLE VIII.-The first Board of Di
cessors have been legally elected and
| quallhed, shall be: Vito Longo, New Or
| leans, La, Vincent Longo, New Orleans
La, Charles DeLerno, New Orleans, La.
G.. {. Nifong, New Orleans, La, Frank J
Savoca, New Orleans, La, of whom Vito
Longo shall be President, Charles De
| lerno, Vice President; Vincent Longo
Treasurer. and C. c. Nifong. Secretary.
ARTICLE IX.-This act of incorpora-
ton may be changed, modified or amended
by and with the consent of thirds
(2-3) OF all the capital stock.
change in the objects and purposes
may be made only by vote of all the
outstanding stock and an increase of the
capital stock in excess of the amount
named herein as the amount to which IL
may be increased may be made by three
forrths (3-4) of all of the outstanding
stock.
This corporation may be dissolved by
vote OF two-thirds (2-3) of all the stock
at meeting called for that purpose.
Notices of all meetings referred to in
TINS act or incorporation shall be given
In the same manner as is provided for the
giving Of notices of the annual meeting
of stockholders.
In case of dissolution or the termina-
tion of this charter either by limitation or
otherwise the affairs of this corporation
shall be liquidated by one liquidator
chosen by the stockholders from among
their own number, who shall have full au-
thority to settle and wind up the business
and affairs of the corporation.
The terms and conditions and the COM
pensation for this service shall be fixed
at the time of election. In case of the
death or other disability of the said liqui-
dator, successor shall be named by the
stockholders at a meeting to be called as
above provided for.
ARTICLE X-No stakeholder of this
corporation shall be held liable or re-
sponsible for the contracts, defaults or
debts of this corporation nor shall any
mere informality in the organization have
the effect of rendering this charter null or
of exposing any stakeholder to any further
liability that to pay the unpaid balance
on any stock subscription made by him.
ARTICLE XI.-Ia order that this chart
er may also serve as the original sub
scription list, the subscribers hereto have
written opposite their names the number
The subscribers to this corporation are:
Vito Longo, 81 shares; Vincent Longo
SO shares; Frank j. Savoca, 20 shares;
Charles DeLerno, "a shares; G. G. Nifong
10 shares. All of which above subscrip-
lions are payable in the manner. mode and
species as is set forth in the list hereto
annexed and which forms a part of this
charter.
Thus done and passed at New Orleans,
La, this 18th day of December, 1919, in
the presence of John st. Paul, Jr., and
George Maize, competent witnesses resid-
ing in this Parish, who have signed these
presents together with the said appearers
and me, Notary, after reading of the
whole.
Original. Signed
CHARLES DELERNO, "a Shares.
c. G. NIFONG, 10 Shares.
VINCENT LONGO, 6S Shares.
+. J. SAVOCA. 20 Shares.
VITO Z. LONGO, 63 Shares.
Witnesses: |
q. A. Maize.
John ST. Paul, Jr.
(SeaD
GEORGE JANvIER.
Notary Public.
i, the undersigned, Recorder of Mort /
cages, i'm and for the Parish of Orleans,
state of Louisiana, do hereby certify that |
he above and foregoing Act of IncOrpOra-
ion Of the Longo Stevedoring Co, Inc,
vas this day duly recorded in my Office,
n Book LBS. folio -, New Orleans, La,
January 3, 1920.
(Signed) EMILE j. LEONARD,
by. X.
/ hereby certify the above and foregoing
o be a true and correct copy of the
harter of the Longo Steyedoring Com
'any, Inc, together with a true and cor
ect copy of certificate of recordation of
he Recorder of Mortgages for the Parish
# Orleans.
In faith whereof witness my hand and
cal this 2nd day of January, 1920.
GEORGE JANV1ER,
Notary Public.