The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-07
CHARTER.

scented ct "a special meeting called for that
purpose or nj the regular annual meeting
of tn" corporation. such annual election
shall be- preceded 10y fifteen DAYS written
notice 10 each ~tOckhOldrr delivered i'm
person or sent by mail To the address given
III IN" current city directory. unless the.
address Of such stOrkhoidor shall hav.
been registered with IN" Secretary. and
iH default of either, care Of General De.
livery. New Orleans La The election
shall! be- held ~ the office Of the corpora
ton. az such hour rs may be- fixed bv the
incumbent Board of Directors. and under
( the supervision of two commissioners APP
pointed by the same. This election may
also be- held by ballot or 10y viva yocr ~
agreed upon by those present. Each stock
holder shall at such annual meeting or
other meeting. general or special be- en-
titled in person or by proxy TO one vote
Tor each share of stock owned by him.
/ Elections shall b" held under such rules
and regulations as may from time to time
b" determined by the Board of Directors.
/ The Directors. when elected. shall hold
office for one year. or until their success
>orN shall have been elected and qualified
and failur" to hold the annual meeting of
stockholders. or To elect annually the Iii
rrrtOr>. shall not operate the forfeiture Of
this charter or any rights Hereunder ANY
vacancy occurring Ia the Board of hi
rrrfOrS may be filled by the stockholders
OF the class from which the former hi
rector was elected for the uneNpircd term.
ARTICLE Nlll.-ThiS charter or act of
incorporation may be changed. modified
altered or amended by and with the con
sent of twO-thirdS of all the stock present
at any meeting, general or special. held
FOR that purpose. and such amendment
may be material or immaterial. subject
only To limitations as may be by law
provided: and this corporation shall have
the power to increase or decrease its cap
itdl stock aS hereinbefOre set out, and any
increase in capital stock in excess of the
amount named herein as the amount TO
which il may be increased may be made
10y thrce-fOurthS vote of all outstanding
stock.
ARTICLE IN.-Notice or any and all
meetings referred to in this charter or
required by law. shall Ice given in the
manner provided in giving notices in case
of elections, unless the same shall have
been waived. In case of dissolution, liqui-
datlon or termination of this charter. the
affairs of this corporation shall be liqli-
dated by two hquidatOrs. one elected by
the holders of Glass "a" stock and one
elected by the holders of Class ''B" stock.
elected ut "A stockholders meeting con
Nened for that purpose, or at "A regular an
nual meeting of the stockholders. If
either class of stock fails refuses to
may elect both HQuidators. The stock
holders may vest said liquidatOrs with
such authority as may be by law permit
ted ami fix the terms and conditions on
which they shall serve and their compen-
satiOn. In the event OF death, disability
or resignation of either of said liquidatOrs.
the holders of Class a. and Glass "B"
stock shall fill the vacancy depending on
whether the hquidator was appointed by
Class a or Class "B" stock, and upon
failure or refusal so to do. the other liQui-
datOr may act with such power and au-
thority rs was vested in the other two
hquidatOrs. This corporation may be at
any time liquidated by a two-thirds vote
Of all outstanding stock in favor of liQui-
dation. This corporation further may be
liquidated upon the vote of all of the
holders Of either Class a. or Glass "B"
stock. provided such stockholders shall
give written notice to the Board of Di-
rectorS at least thirty days prior to the
date Of the annual meeting of stockholders.
that il is the desire and intention of all
holders of either Class A or Glass Il stock
TO bring about liquidation of the affairs
of the corporation.
ARTICLE Mo stakeholder of this
corporation shall be liable or responsible
for any costs, contracts, debts or faults
of this Company. or any of its officers.
nor shall any mere informally in organ
iZatiOn have the effect of rendering this
charter null and void. or of exposing
stakeholder to any liability beyond the
unpaid balance due OH the stock held by
him.
ARTICLE NI.-The subscribers hereto
have written opposite their names the
number of shares subscribed to by each
of them. and their pOstOffice addresses. so
that this charter may serve the sub
scriptiOn list of the corporation; all of
which subscriptions are payable in the
manner and form set out herein.
Thus done. and passed in my office at
the City of New Orleans. Louisiana. on the
day, month and year herein first above
written. in the presence of Paul r. Chasez
and Walter Rerertiga. competent witnesses.
who have signed these presents together |
with said appearers and me, Notary, after !
reading of the whole.
(NameS of subscribers omitted)
Witnesses: Paul T.. Chasez, Walter |
Revertiga.
HERMAN l.. BARNETT,
Notary Public.
Recorded in NJ. O. Il. 12i6Foilo -.
\ true copy. tSeal)
HERMAN l.. BARNETT,
Notary Public.