The herald., 1920-01-15
CHARTER.

Sary or convenient in the opinion of tn
Board of Directors of this corporation
negotiable notes or other evidences of in
debtedness.
% To hold, receive. purchase. convey
deliver, mortgage. hypothecate and pledg
property both real, personal and mixed
all subject to such limitations as may b
| prescribed by law.
90 To make and establish such rule
| and regulations for the proper manage
ment and control of its affairs, as it ma!
deem necessary and proper and the sam,
! TO amend at pleasure.
90 To appoint such managers. agents
! employees, ana assistants as the inter
ests of the corporation may require, anC
the same to dismiss or discharge as MAY
be deemed necessary and proper.
ARTICLE III.-The capital stock of this
corporation is hereby fixed at the sun
of five thousand dollars (S5OOO.OO) to bt
represented by one thousand shares, OF
the par value of five dollars each.
All stock shall be common stock, and
shall be issued only for cash. or for prop
erty actually received, and shall be paid
for at such times and in such intallments
as the Board Of Directors may direct.
ARTICLE Iv.-The capital stock of this
corporation may be increased in accord
ance with law, to the sum of one hun
dred thousand dollars (s1OO,OOO.OO).
ARTICLE v-The domiciIe OF this cor
poration shall be in the City of New Or
leans, State of Louisiana.
ARTICLE vI.-The corporate powers of
this corporation shall be vested in and
exercised by Board of Directors. to con
s1st OF nine persons, each of whom shall
own in his own right at all times during
his terms of office, at least two full paid
and unpledged shares of the capital stock
OF the corporation. Said Board of Di-
rectors shall be elected at a general meet
ing of the stockholders, to be held an
nually on the the second (2nd) Tuesday
of October. and shall hold office for the
terms OF one year, or until their success
sors are duly elected and qualified.
Each Stakeholder shall be entitled to
one ~ vote in person. or by written
proxy for each full paid share of the
capital stock owned by him, and not trans
ferred on the books of the corporation.
All notices of stockholders meetings for
the election of Directors shall be in writ
ing, and delivered to the stakeholder in
person, or by depositing same in the post
office. properl1 addressed to the last
known address of the stakeholder at least
hfteen 15) days before such meeting At
least two days before said meeting a COM
plete list of stockholders entitled to vote,
shall be open to inspection by the stock
holder at the place of such meeting.
All elections for directors shall be by
ballot, and held at the Office of the cor
poration. in the City of New Orleans be-
d.
o'clock p. m. under such rules and
regulations as may be fixed by the Board
OF Directors. majority of the votes
cast shall elect.
The Board Of Directors thus elected.
shall at its first meeting elect from among
their own number, a President, a Vice.
president, Secretary, and Treasurer
and shall hold Office for the term of one
year, or until their successors are duly
elected and qualified.
Said Board of Directors shall have power
to fill any vacancy occurring in their own
number.
ARTICLE Vino stakeholder shall
ever be held liable or responsible for the
or faults of the corporation in
any further sum than the unpaid balance
due by him on the stock for which he
has subscribed nor shall any failure to
elect. or any mere informally in or
have the OBJECT of rendering
this charter null, or of exposing a stock
holder to any liability other than as
above provided.
ARTICLE vIII-UntIl the election to
be held on the second (2nd) TUESDAY in
The month of October. 1920 the following
persons shall constitute the first Board
of Directors, to-wit: Christopher G. Will |
son. William Robinson. Charles ID. Smith, !
Edward l.. Brown, William G.. Stewart. |
lanes s. Morgan. James Finlay, John B. |
Hall, and r. G. Metoyer. with said |
Christopher c. Wilson. as President; VIII |
lam Robinson. as Vice-President; viii |
lam G. Stewart, as Secretary, and Ed |
shall hold Office until their successors are |
July elected and qualified.
Five 90 members of the Board Of Di- |
'ectors shall constitute a quorum for the /
of business.
ARTICLE IX.-All citations or other
eeal process shall be served on the Presi-
lent of the Board of Directors, and in
Us absence or inability to act on the |
Vice President, and I'm the absence or in
Utility of both of these officers to act,
IN the Secretary.
ARTICLE X.-This act of incorporation
'oration may be dissolved. by a two-third
'ote of all of the full paid shares of the
apital stock. at a meeting of the stock
'olders specially convened for that pur-
,ose: of which meeting each stakeholder
hall receive at least ten 0O) days writ
en- notice addressed to his last known
lace of residence.
ARTICLE XI.-Wheneyer this CORPORA
ion is dissolved by Limitation or other
wise, the stockholders shall elect from
mong their own number, three nquida-
ors, to liquidate the affairs of the cor
oration as provided by law, and after
aging its debts, shall divide the remain
ng money, IL any, among the stock
olders.
In the event of the death or disability
any one OF the sald nqu1datOrS, the
urvivor or survivors shall continue to
ct.
ARTICLE XII.-The subscribers have
ritten opposite their respective names
nd post Office address, the amount of
.ock subscribed for by each of them so
nat this act of incorporation shall serve
3 an original subscription list. ,
Thus done and passed at my Office in !
lie City of New Orleans. the day, month
nd year herein first above written. in /,
&c presence of Messieurs Frank Farrell
nd Dennis f. Woods. competent wit
asses, who have hereunto signed their /
lmes together with the said appearers q
Id me, Notary, after due reading of the
hole. ,
,
Frank Farrell, :
Dennis +. Woods. '
RENE c. METOYER. c
Notary Public. Ii
/, the undersigned, Recorder of Mort a
lges in and for the Parish of Orleans.
ate of Louisiana, do hereby certify. that d
e above and foregoing Act of Incorpora- S
,n of the Crescent City News Publish o
g Co. was this day duly recorded in $
ans. December 90, 1919 h
lSigned) EMILE j. LEONARD, d. r. o
A true copy of the original charter of o
e Crescent City News Publishing Com
ny, Incorporated, on file and record in c
y office. 8
RENE C. METOYER. = I
Notary Public. Il
New Orleans, La, January 5, 1920 a
IAN. s-Feb. ~. Q