The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-30
CHARTER

, share then his share shall be- offered 10
the other stockholders prupurtIouat. TO
Ia" number of shares owned by them.
Should said stockholders I'm fifteen days
after motto" having been given. in writ
ing, fail or refuse To- purchase tho stock
offered for ~ulr such stock may be- sold %
any one. No transfer of stock shall bee
wHd" ur held % br valid and binding uu-
less made Iu pursuance of the provisions
of this charter
ARTICLE NII-ThiS Corporation shall
h''" all bowers granted to such corpora
unu~ by law and shall La,, the power fu
contract. ~u" and bee sued in its corporate.
name. and 10 own. hold. receive. loan.
lease. purchase, sell and convey or mort
gage any and all of its effects or to
hypothrrate its property and to do ANY
and all acts and things of any Kind. ma
iur" or description. as may bv necessary
TO carry out the objects and purposes OF
said business as its interests and con.
vrni"urcs may require
ARTICLE NlII.-The business OF thi,
Corporation shall be directed hy and
vested in a Board Of Directors consisting
OF seven members four of whom shall
constitute quorum, for the transaction
OF business and ia" said directors rs first
constituted shall be Richmond X. Longino
Frederick III. Collins. \. l.. Hart and Earl
C. Stevens. and others 10 be- selected hy
them. and they shall hold offic. until the
last Monday in January. 1921. and on
that day and on the same day thereafter
, elections shall be held Annually for dire
E
alton. Failure to hold an election on thu"
day specified shall not dissolve the Cor
pOration, but the Directors in office shall
hold their respective offices until an elcc-
ton shall be held after thirty days notice
of the tim" aud pla"" thereof given to each
Ntockholdcr. Tn" annual election shall
b" held on the last Monday in January.
1871, and thereafter on the last Monday Of
January Of each succeeding year. and the
election shall bc held between the hour,
of two and four O'Clock p. m. All va
caucicS on the Board of Directors for
whatever cause. shall be filled by the rr-
manning Directors. Richmond X LOugino
shall b" tn" first President. Frederick II
Collins shall h- the first Vice President
\. Il. Hart shall be the first Treasurer.
and Earl q. Stevens shall be- the first Sec
rotary. and they shall hold office until the
last Monday in January. 1921 or until
their successors ar" elected. and each sue
cc"ding Board of Directors shall elect its
principal officers for the term of their
election and only stockholders shall be
eligible for election aS Il member of the
Board of Directors. Directors may act
either in person or b. proxy.
ARTICLE IN.-Whenever this Corpora
ton is dissolved, either by limitation or
for any other cause. its affairs shall be-
hquidatcd by the Board Of Directors
who are hereby vested with full power to
sell any or all assets of the CORPORATION
either separately or in mass. and to con
vcv full and complete title thereto. and
shall have full power to do and perform
all acts necessary and proper to fully and
completely liqudate the affairs and dis
tribute the proceeds, if any. among the
stockholders of this corporation to the
amount of stock held by each.
ARTICLE N.-ThiS Act of Incorporation
may be amended. altered and modified. or
this Corporation dissolved in the manner
provided by law.
Thus done and passed, in my notarial
office. in the City of New Orleans. State
of Louisiana, on the day, month and year
first hereinabOve written, in the presence
of Ruth VI. Seller and Amanda G. SteCh-
mann, competent witnesses, who have
hereuntO signed these presents. together
with the said parties hereto and me. No
tary. after a reading of the whole.
Original signed.) X. X. LOnginO, 1898
st. Charles Ave, 100 shares +. II. Collins,
1920 Soniat Street, 1870 shares: F.. e. Stew
ems, 4J1+ Prytania Street 90 shares 4. Il.
Hart. :}323 ST Charles Street, share.
Witnesses: Ruth NJ Seller, Amanda G.
Stechmann.
a. 4. MORENO. Not Pub
l. the undersigned Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana, do hereby certify that
the above and foregoing Act Of InCorpora-
ton of LONGING X Collins, Inc. was this
day duly recorded in my office In Book
1916, Folio -
New Orleans. La. Sept. Dist. 1920
(SignedD EMILE J. LEONARD. by. X.
10 Nov 1