The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-08
CHARTER

ARTICLE VII.-The funds Of the cor
poration shall be deposited from time Z
time In a bank or banks to be selecte
by the Board of Directors. All checks
cuted or issued In the name of the cor
poration shall be executed as determine,
| by the Board Of Directors. No officia
shall sign or use the name of the cor
poration except strictly in its concerns
ARTICLE yIII.-The first Board of Di
rectors. who shall serve until their sue
cessors have been legally elected an,
qualified, shall be: Vito Longo, New Or
leans. La, Vincent Longo, New Orleans
La, Charles DeLerno, New Orleans, La
G. {. Nifong, New Orleans. La, .FNnk J
! 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 amende,
or the capital stock increased or decreased
by ana with the consent of two-thifd,
| (2-S) OF all the capital stock.
A change In the objects and purpose.
| may be made only by q vote of ali tn,
outstanding stock and an increase of tn,
capital stock in excess Of the amour,
named herein as the amount to which Il
may be Increased may be made by thres
forrths t3-D of all of the outstanding
stock.
This corporation may be dissolved by
a vote OF two-thirds (2-3) of all the stoci
at meeting called for that purpose.
Notices Of all meetings referred to In
THIS act of Incorporation shall be given
in the same manner as is provided for the
giring of notices Of the annual meeting
Of stockholders.
II case Of dissolution or the termina.
tios<of this charter either by limitation or
otheewise the affairs of this corporation
shall be hquidated by one hquidatOr
chosen by the stockholders from among
their own number, who shall have full au-
thofity to settle and wind up the business
and affairs of the corporation.
The terms and conditions and the CON-
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
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 informally 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 Kiln order that this chart
err nay also serve as the original sub
scriltion list. the subscribers hereto have
of ares subscribed for by each.
Tie subscribers to this corporation are
vhe Longo. IS shares; Vincent Longo,
50 hares; Frank J. Savoca, 20 shares
ChatIes DeLerno, "a shares; G. G. Nifong.
10 Aares. All of which above subscrip-
species as Is set forth in the list hereto
ANNEXED and which forms a part Of this
chager.
Thus done and passed at New Orleans,
La this 18th day Of December. 1913. In
the presence Of John st. Paul. Jr., and
ing d this Parish, who have signed these
preonts together with the said appearers
and<ue, Notary. after reading Of the
Original signed):
C. c. NIFONG, 10 Shares
VINCENT LONGO. 6 Shares.
IF. J. SAyOCA. 20 Shares.
VITO p. LoNGO, 90 Shares.
WHnesses:
GA. Maize,
ydln st. Paul. Jr.
GEORGE JANvIER.
Notary Public.
I. The undersigned. Recorder of Mort
gagsa In and for the Parish Of Orleans.
STATE Of Louisiana, do hereby certify that
the sbeve and foregoing Act Of Incorp0ra-
tion,t q the Longo 6tevedoring Co., Inc.
was Ills day duly recorded in my once,
IN Box LIS. folio. New Orleans, La,
(S*nedE EMILE J. LEONARD,
by. r.
keby certify the above and foregoing
to true and correct copy Of the
together with a true and cor
rect 6py Of certificate of recordation of
the corder OF Mortgages for the Parish
Of Olpans.
In kith whereof witness my hand and
seal ois End day Of January, 1920.
GEORGE JANvIER,
Notary Public.
sss. s-Fsb. Il.