The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-18

CHARTER.


ten days written prior notice, the Director
or Directors so elected to hold office un
til the next annual stockholders meeting
but should ii be impossible from any
cause for any vacancy or vacancies in thu
! Board of Directors to be filed by the Di
| rectOrS, such vacancy or vacancies may b,
| filled by the stockholders at any meeting
called for that purpose by the President
Any and all Directors meetings. the no.
| tees for which are not herein specifically
provided for, may be called by any off
Ger of this corporation upon ten days no.
| tice by mail. Any Director shall have IN,
| right TO authorize and appoint any share
! holder to vote for him ut any and al
| Directors meetings, and such proxy shall
| have and exercise all of the powers OF
| such Director appointing him. Whenever
lit is provided in this act that either Iii
! rcctorS or stockholders meetings may bC
| held after certain prescribed notices "a
! the Directors or stockholders. il is UNI
dor>tOOd and agreed that any and all Iii
TtctorS and stockholders meetings MAY
| he held without notice. whenever lawful
| provided all Directors or stockholders. SIS
| the case may be, waive notice in writing
or are present in person or 10y proxy at
such meeting or meetings. The Board %.
Directors shall have fun control of the
property of this corporation and shall cor
duet. manage and use the same as in their
discretion they deem best. and that is con
SiStont with the objects of the company
and its welfare. and they shall have power
TO make. alter and anuul such bylaws.
rules and regulations as they NAV think
proper. They shall have the further right
and power to appoint such agents. clerks
and employees as they deem best ana To
nN their salaries, terms of Office and th.
right to dismiss them AT said Huard'~
pleasure, and said BOARD shall have the
further right To determine and hN sal
aries if any. of the several officers herein
provided for.
ARTICLE VI.-The first Board Of Direc-
tors ana officers, who shall serve until the
annual meeting to be held on the first
Monday in October, 1921. or until their
successors are duly elected and qualified
shall be: Joseph W. Cory, Hcnnon Bldg.
New Orleans. who shall be President: g.
+. puuklin, Butler Springs, Ala. who shall
be Vice President: +. 4. Mothe. Heunrn
Bldg. New Orleans, who shall be Sccr,-
tary-Tr"aSurer: G. Langshaw, Henuen
Bldg, New Orleans; J. u. Cory, Mobile,
Ala
ARTICLE VII.-This charter may be al
tered or amended and this corporation
may be dissolved by 4 vote of two-third>
of all outstanding stock at a meeting of
the shareholders duly convened for that
purpose 10y the Board of Directors or 10y
the President upon the written request of
not less than twenty-five per cent of the
outstanding stock, after fifteen DAYS no
tice mailed to each shareholders last
known address. But the capital stock of
this corporation shall not be decreased b.
Such amendment 10 an amount less than
the corporate Indebtedness, and no amend
ment shall be made changing the objects
and purposes of this corporation without
a vote Of all outstanding stock and the
capital stock shall not be increased beyond
the amount originally uamod as the sum
to which the capital may be increased, eN-
cept by a vote of three fourthS of all out
standing stock. Whenever in the judg-
mcnt of the Board of Directors II shall be
deemed advisable that this corporation
SHAH be dissolved, the Board shall within
ten days after the adoption Of a resolution
TO that effect by a majority of the whole
Board at any meeting called for that pur-
pose, of which meeting each Director shall
have received at least three days notice. !
cause notice of the adoption of such reso- |
luton to be mailed to each stockholde |
together with a notice of a meeting Of the |
stockholders TO be held at the office of the !
corporation, TO act upon the resolution SO |
lsOpted by the Board. The stockholders |
meeting shall be held at any hour fixed |
by the Board on the day mentioned be |
tween the hours of 10 a. m. and 8 p. m
or the purpose of voting upon such pro- |
1oSed dissolution. Whenever all Of the
stockholders shall consent in writing TO a |
dissolution. no meeting or notice thereof |
shall be necessary.
ARTICLE VIII.-Whenever this corpor-
ltiOn is dissolved, by limitation or other
wise, It's affairs shall be liquidated under
he supervision of three liquidators elect
ID by the stockholders and chosen from
lmong the stockholders, which liquidators
hall be elected at a meeting Of the share
folders convened for that purpose under
he terms and conditions Of Article VII of
his charter.
ARTICLE IX.-No stakeholder of this
ompany shall ever be held liable or re- |
ponsible for the contracts or faults of
MS corporation in any further sum than
ne unpaid balance due on shares of stock
'wned by him, nor shall any informaIity |
n organization have the effect of render
ne this charter null or of exposing any
tockhOider TO any liability beyond the
npaid balance due on his stock. nor shall
ny lnformality or irregularity in o-gan-
cation have the effect of rendering any
hareholder liable as a partner.
mus done and passed in my Office in
he city of New Orleans. on the day,
month and year first hereinabove written
n the presence of Salvador Schilleci and
frances Eisler, competent witnesses. who
ereunto sign their Names with the said
ppearers and me, Notary, after due read.
nS OF the whole. and the said appearers
ave hereunto signed opposite their names
he number of shares of stock of this cor
Grafton subscribed for by them.
Original is signed: ]. w. Cory, New
.rleans, La. 1923 shares; f. A Methe
sew Orleans, La, l share; c. Langshav.
lew Orleans, La, ! share
Witnesses: S. Schilleci, F. Eisler
CHAS. f. FLETCHINGER, Not. Pub.
l. the undersigned, Recorder of Mort
ages in and for the Parish of Orleans.
tate of Louisiana, hereby certify that the /
bove and foregoing charter of Frederic 4. {
'uggan Co, Inc, was this day duly re-
Drded in my office in Book 1916, Folio =.
New Orleans, La, Oct 9Th, 1920. Z
SignedD EMILE J. LEONARD. d. r. {
hereby certify the above and foregoing q
be true and correct copy of the orig q
lal charter of Frederic A DugCan Co. /
nc now on file and Of record in my I
flee. +
As witness my hand and notarial seal t
New Orleans, La, this End day Of DC $
'ber 1920. r
(Seal)
CHAS. F. FLETCHINGER, Not. Pub. s
Oct. 14-Nov. Is. O
HARTER OF THE ATLANTIC pawn