The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-04
CHARTER.

! New Orleans. La: l.. VI. Ash, 3JJ3 Gpntil-
| " Terrace, New Orleans, La, with Julian
/ II. Saeng"r. president: Victor &. Howard,
vice president: A q. Bourbon. yiccprcSi-
| dent: T.. V. Richards, secretary. and l.. VI.
! Ash. treasurer. All meetings of the stock
holders and directors must be held at the
! dOmicile of tn" corporation or at such
place as the board OF directors shall pro
vide. provided that with the consent of all
the directors valid meetings of directors
may be held outside of the state or within
thc state. elsewhere than at its domicile.
Notice shall he given of all stockholders
meetings aS provided by this charter, eX-
cept aS otherwise required by law. but said
notice may be waived by unanimous con-
sent of all the stockholders. The first an
; nual meeting of the stockholders shall be
held on the first Monday of February,
1921. or as soon thereafter as practicable.
at such hour as the board of directors
shall determine: but failure TO hold said
meeting shall not invalidate this charter
nor impair the same in any respect nor
dissolve or in any way affect the CorpOr-
alton hut all directors and officers then
in office shall hold over and continue I'M
til IN" election shah be held, at such
time thereafter as the board Of directors
may fix and until their Successors are
elected and qualified. The board of direc-
tors shall Immediately. or as soon as prac-
ti"ahl" after their elect ion elect the Off
GERS of this corporation. who are hereby
presidents secretary and a treasurer.
The board Of directors may from time to
time appoint such other officers. agents
and employees as said board may deem
proper and prescribe the powers and duties
of all officers. agents and employees and
tiN their compensation. The board of di-
rectOrS may from time To time adOpt. alter.
amend or repeal such bylaws, rules and
regulations rs said board NAV determine.
provided same are not in conflict with or
fF.P .. Ill.
or with such bylaws. rules and regulations
rs may he adoptcd by the stockholders. At
any time the hoard may merge the office
of secretary and treasurer into one. after
which said officer shall be designated as
Secretary treasurer. and Maid board shall
also have the right AT any time 10 reduce
the number of vice presidents to one if
the hoard so desires.
ARTICLE VI. This act of incorporation
may be amended. modified. or altered. or
said corporation may be dissolved, with
the assent of two-thirdS Of all its capital
stock. at a general meeting of the stock
holders to be convened for such purpose
after fifteen 90 days (SundayS and legal
holidays included) previous notice of such
meeting shall have been mailed to SuCh
Sto, khOldcrS at his last known post office
address. which notice may be waived by
unanimous consent.
ARTICLE VII No stakeholder shall
ever he held liable or responsible for the
contracts. faults or debts of the corpora
ton. nor shall any informally in the mode
of organization have the effect of render
ing this charter null or Of exposing any
stakeholder to any liability, beyond the
unpaid balance due on the shares of stock
owned by him.
ARTICLE VIII When this corporation
is dissolved by limitation or otherwise. its
affairs shall be liquidated by one or more
liquidators who shall be elected from
among the stockholders at general meet
ing of the stockholders authorizing such
dissolution or ut q meeting held for the
purpose Of electing such liquidators. The
said liquidators shall remain in office until
the affairs of the corporation shall have
been duly liQuidated, and shall receive such
and have such powers and
duties and he subject to such limitations
as the stockholders shall from time to time
provide. In ease of the death or resig
nation or inability 10 act Of one or more
Of the HquidatOrs. the stockholders shall
fill such vacancy or vacancies from among
the stockholders of the corporation. The
liquidatOrS shall have the power to dis
pose of all Of she property and assets Of !
the corporation AT public auction or private |
sale and to make title thereto. and to do |
III other acts necessary to completely hqui-
date tSe corporation, realize upon its as |
sets. and divide the proceeds among the |
various khOlderS, all subject. however
o such limitations as the stockholders may |
from time to time provide
ARTICLE IN. The parties hereto have |
annexed hereto an accurate detailed and
tented description of the property to be /
transferred to the said corporation in pay
nent of the stock subscribed for. together |
With the value thereof as appraised by the |
board of directors herein named and the |
'ame has been signed by the parties hereto |
md paraphed NE Narietur" by me. No
AIRY. for Identification with these presents.
ARTICLE y. The names and post of |
ice addresses of the subscribers TO these
articles of incorporation, and statement |
If the number of shares of stock which |
'ach agrees TO take in the corporation. is
Is follows. to-wit: Julian II. Saenger.
1913 GENTLY Terrace, New Orleans. La.
i6 shares; Victor G. Howard. 2517 ST. Ann
street, New Orleans. La, / share; A. o. |
Bourbon. Biloxi, Miss. l share; f. V, |
17i0 Belfast street, New Orleans,
La. one share; l.. NJ. Ash. 1853 GENTLY |
Terrace, New Orleans, La, one share.
Thus done and passed at my office in the
'ity of New Orleans. state of Louisiana /
IN the day, month and year herein first |
ibove written, in the presence of Messrs
Ilkin Moses and II. ii. G. Wedemeyer
Competent witnesses, who have signed |
hese presents with the said appearers and
ne, notary, after due reading of the
whole. Original signed: J. H. Saenger
553 GENTLY Terrace. New Orleans. La. 246
hares, $4,000; f. V. Richards, 774O Bel
asst street, New Orleans. La. one share
100; l.. NJ. Ash, 1858 GENTLY Terrace, New
orleans, La, one share, 500; A. o. Bour-
lon, Biloxi, Miss. one share 500: Victor
'. Howard, 2517 st. Ann street, New Or
cans, La, one share, 500. Witnesses: Ell
in Moses, II. II. C. Wedemeyer.
CHARLES ROSEN, Notary Public
true copy of the original.
CHARLES ROSEN, Notary Public.
Mar. 4-Apr. s