The herald., 1920-10-07
CHARTER.

| stock shall be made only on the books of
/ the corporation, with Its consent and ac-
! COrdiug to rules 10 be- provided therefor
and All stock shall first be offered 10 the
corporation. who shall have thirty days TO
wise shall be valid or binding upon the
| buy or refuse the same and no sale other
corporation.
lnr Board of Directors or any member
/ thereof when duly authorized 10y reSolu-
, lion, shall bay or sell property or other
wise dispose of or receive any PrOP"rt!
The Board shall issue all stock TO sub
/ scrbcrs after FIRST having offered II 10 old
subscribers IN the proportion Of their
! holdings.
ARTICLE V.-AII the powers Of this cor
poratIuu shall be vested III and exercised
py its Board Of Directors. who shall have
I all tine powers usual To their offices anu
Who shall manage its business. III" Board
| OF Directors shall consist OF not less than
three. nor more than nv" shareholders. a
ma oriry OF whom shall constitute quo
rum tor the transaction of business. ! hey
shall be elected annually at a meeting OF
tU,hhUlGrr~, IN person "r 10y proxy. on the
THIRD Monday OF February. And. uuili the
annual election on said date M the year
1921. thO~,. hereinafter named shall be- ITS
officer, and Directors aud shall hold "lHrr
until their SUCCESSORS NAV" been elected
and iuGurrrd into oincc.
pom due call ami 10y majority vote
sta, huold"r~ shall have power 10 remove
officers ana directors auu TO MI vacancies
The ur~t Board ut directors shall be a.
every succeeding Board shall be- similarity
constituted. Grrgo Antioch. President
john Marvr, Secretary anu Treasurer,
John ShrrmcltL. \Irr-prr~ldeut, JIhy
l;o>rtri. Member of Board. blrs Million.
Member of Board.
An r...if,,.r. uf Eu,,i NIi.>i,,ipuI and
-, ~ ~, ,.,in. ~ 49, tIi. 'n,rr,.r an
uuul meetings shall be held al Gl- her
willie St. New orleans. la. The following
NJ Nr, ,nri,,.h I,E,. uns,rti Innu
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III ' f,II,.u Ir,I't un-gr,,,. and NIn.l,
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mn. r,o,-., al, I,ir,.r,,r. MAJ, ,, It's pI.,s-
IL ar .Ir,.,i,t rrL,r ,tfIr.r. lr-i,.
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-, -, rr7..r.f, ~, ,r,.L
nI,,,.r ,h,rI ,,,I,. ,,., ,.,r,. for VERY suar.
t..,l.,r.. ~, .I,.t shall nor di.
-'I,,. ,,,r,,,r..rI,,n and y,.,u-i., n,,.rirriu.-
,.',.ri,, In.Ii L. miIad Inv rho Hoard a,
n,,,,.t,r. An rn,,.rs u.u.I q, -oruorl-
rfn,- y,t,tI,r ar unt bar,iu SCI ONT shall
- :, M .yLis ,rr rI.y L,. ampn,t,.,i
law ',t,ri'I .,rt A. JissoIufion th. Eo1rG
-E.Ii Iii. nII ohIi~,finu, and prorat.
49,, - .t,~IoIi,'r- ,,,.,,rJiII,, IN .y,.r,
.b.,r.. E,Id
,prtrIr NJ T.r,,I s,ryi,.. shall n,
,p,i'. an any, oftrsT ar in lion thereof
u" az II' ~ "a m ,,r,,,-,;,,, ,,,,.
N !, IL and ,,'
- - :" r,,',rr,tia,, iriiyidT.l
iu'' ,'I a%'i, NV, ri,,Ets IN
,'''''.,S. ,,.,,.,r.hi, in,Ird-
n"'"' ,f 1T, ,ri,r "rinr
~ e. ',rrnr,,i,r. sim
~, ~ ,n,tLniI.r Sb,,tI
ry.r h. liable for the faults or contracts
of this CORPORATION. in any greater sum
than the unpaid balance due on shares. or
ntL.r .,yid,n,.. nf Indebtedness thereto nor
win iuformality in this art inyalidate il or