The herald., 1920-05-06
CHARTERS.

plant: to exchange its entire capital stock,
or any part thereof, for stock which 1t
is hereby authorized to acquire, or to eA-
change its entire assets ana business. IN
whole of in part, for money or stocks or
bonds or other obligations of other cOn-
panie>: and to do any and all such acts
and things as may or shall be necessary
and proper to carry out the said above OBJ
Jets and purposes.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at Five Thou
sand (S5.OOO.OO) Dollars, divided into fifty
(JOl shares of the par value of One Hun
dred (S100OOD Dollars per share. The
amount of said stock may be increased TO
One Hundred Thousand Dollars (SlOO-
100000.
ARTICLE V.-All the powers of this
corporation shall be vested in and eNer-
ciSed by Board composed of three direc-
tors Said Board shall be elected an
nualy by ballot at a stockholders meet
ing called for that purpose on the third
Monday of January of each year Tor the
next legal day if that day be holiday,
after due notice to the stockholders by
mail at least fifteen days before the date
of said meeting. Each holder OF stock
shall he entitled tp one vote for each share
of stock standing in his name on the
books of the corporation, said vote to be
east in person or by proxy, and the ma
jOrity of votes cast shall elect. Inc
Board of Directors shall have the power
i'm any manner arise or be created on the
Board even though no quorum remain
ut the time such vacancies are to be filled
Failure to elect directors on the day above
specified shall not dissolve the corpora
ton but the directors then i'll office shall
remain in office until their successors are
elected and qualified. The Board snail
elect from their number President a
Vice President and a Secretary-T Treasurer
provided that the Board may elect Such
| l.1-hn hn m :
of the Board or stockhOldersD as they
think proper or convenient for the carry
| ing on of the Company's business. and
| they shall fix the salaries OF all OFFICERS
agents and employees. At any meeting OF
the Board of Directors, any director alb
| sent from the meeting may be represented
| by any other director who may cast the
vote of the absent director. The Board
of Directors shall have authority to make
and establish, as well as alter and amend
| all by laws. rules and regulations neces
| Sary and proper for the support and man
| agement of the business and affairs OF thi'
| corporation and not Inconsistent VIII
| this charter: and they shall have power Il
authorize the borrowing of money and thu
| issuance of notes and the execution o.
| pledges, and generally to do all things
| necessary or convenient for the proper
| carrying on of the business of the cor
pOration.
| Until a general meeting of the stOckhold
| ers for the election of directors TO b.
| held in 1921, or until their duly qualified
| Successors are elected and installed. tn
Board of Directors shall be composed o
the following: W. j. Walker, Post Offic
Address 222l Napoleon Ave, New Orleans
La; Frederick Morrison, Post Office Ad
dress 2731 Chestnut ST., New Orleans, La.
Horace Gumbel, Jr, Post Office Addres
4432 Carondelet ST., New Orleans. La U
these, W. j. Walker shall be President
Frederick Morrison Eice-President ma
Horace Gumbel Jr.. Secretary-Treasure
ARTICLE EI.-This act of incorpora
ton may be changed, modified or amend
ed. or the corporation dissolved, by
! vote of two-thirds Of the entire capt.;
| stock present or represented at gener;
meeting of the stockholders convened fO
such purpose, after previous notice sha
have been given in the manner above r,
| qured to be given of the annual meetin
= of the corporation.
ARTICLE VILE this corporation sha
be dissolved. either by limitation or fro
? any other cause, its affairs shall be
I Quidated by three commissioners TO
/, appointed at the meeting of stockholdel
| convened for the purpose of liquidation
; and to be elected by the vote OF all Il
1 stockholders voting upon a parity. Sal
1 liquidators shall remain in office unit
5 the affairs of the corporation shall ha'
been fully settled and liquidated, and the
r shall have full power and authority
e transfer and give title to all the properi
I and assets of the corporation and to distr
butte the proceeds. In case of DEATH di
2 ability or resignation of one or mo
4 liquidators. the vacancy shall be filled
e the survivor or survivors.
4 ARTICLE. VIIf-No stakeholder sha
: ever be held liable or responsible for Il
4 contracts or faults of said corporation
n any further sum than the unpaid balan
: due on the shares of stock owned by hil
A nor shall any mere infOrmality in org
o niZatiOn have the effect Of rendering tn
o charter null or of exposing any stoc
holder to any liability beyond the unpa
;. balance due on his stock. In order tn
: this charter may serve as the origin
: subscription list. the subscribers here
d have indicated opposite their respecti
r. signatures the number of shares of sto
| subscribed for by each of them. All su
4 scriptions are to be paid for in cash
: the execution hereof
Thus done and passed at my notari
office. in the City of New Orleans. Sta
/ of Louisiana, on the day, month and We
y first hereinabOve written, in the presen
u of Ralph Carroll and George Huff, col
u petent witnesses, who have hereuntO su
scribed their names, together with n
3 Notary. and the said appearers, after d
= reading Of the whole.
: (Original Signed) W. J. Walker,
shares), 2221 Napoleon Ave, New Orlea
D. La. Fredr. Morrison Il share), 2
- | Chestnut ST. New Orleans. La: Hor:
~ GumbeI Jr., Il share), 4432 Carondelet
or New Orleans, La.
as witnesses: r. Carroll, George Huff
"a WATTS K. LEvERICH.
~ Notary Public
III I. the undersigned Recorder OF Nc
he cages, in and for the Parish OF Orlea
u at.t~ ~ IAulsiana do hapehy certify Z