The herald. [volume] (New Orleans, La.) 1905-1953, 1920-04-08
CHARTER.


New Orleans. La; l.. VI. Ash, 1858 Gentil
ly Terrace New Orleans, La, with Julian
III. Saenger. president; Victor e. Howard,
vice president; 4. .. Bourbon, vice presi-
dent: +. V. Richards. secretary. and l.. NJ
Ash. treasurer. All meetings of the stock
holders and directors must be held at the
dOnicile Of the corporation or at such
place the board of directors shall pro
vide, provided that with the consent of all
the directors valid meetings of directors
may he held outside of the state or within
the state, elsewhere than AT its dOmicile
Notice shall he given of all stockholders
meetings aS provided by this charter, OK
cept as otherwise required by law, but said
notice may be waived by unanimous CON
sent of all tn, stockholders. The first an
nual meeting If 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 un-
til the election shall be held. at such
time thereafter as the board of directors
may fix and until their successors are
elected aud qualified. The board of dircc-
tors shall Immediately. or rs soon as prac-
ticabl" after their election elect the off
GERS of this corporation. who are hereby
presidents. 4 secretary and a treas
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
fix their compensation. The board of di-
rectOrS may from time 20 time adopt. alter
amend or repeal such y-lawS rules and
regulations as said board may determine
provided same are not in conflict with or
! pr oh rfa
or with such bylaws, rules and regulations
rs may be adopted by the stockholders. At
any time the board may merge the office
of secretary and treasurer into one. after
which said officer shall he designated as
Secretary treasurer. and said board shall
also have the right Mt any time to reduce
the number of vice presidents to one if
the board so desires.
ARTICLE VI This act of incorporation
may be amended. modified. or altered or
said corporation may he dissolved. with
the assent of twO-thirdS of all its capital
stock. ut a general meeting of the stock
holders to he convened for such purpose
after fifteen (l5) days (SundayS and legal
holidays inclLd"d) previous notice of such
mpptin" shall have been mailed to such
Stoo kholderS ut his last known post office
address. which notice may he waived by
unanimous consent.
ARTICLE VII. No stockhOldcr 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 10 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 liquidatcd by one or more
| liquidatOrS. who shall he elected from
| among the stockholders at a general meet
! ing Of the stockholders authorizing such
dissolution. or at q meeting held for the
purpose of eleCting such liquidators. The
said GquidatOrS shall remain in office until
I the affairs of the corporation shall have
| cen duly liquidated. and shall receive such
compensation and have such powers and
/ duties and be subject to such limitations
as the stockholders shall from time to time
provide. In case of the death or resig-
nation or inability to act of one or more
of the lquidatOrS. 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 the property and assets of
he corporation at public auction or private
sale and to make title thereto. and to do
all other acts necessary to completely liqui-
date the corporation, reaIize upon its as
sets. and divide the proceeds among the
various stockholders, all subject. however,
to such limitations as the stockholders may
from time to time provide.
ARTICLE IN. The parties hereto have
annexed hereto an accurate detailed and
itemiZed description of the property to be
transferred to the said corporation in pay
ment of the stock subscribed for, together
with the value thereof as appraised by the
board of directors herein named: and the
same has been signed by the parties hereto
and paraphed NE Varietur' by me, No
tary. for Identification with these presents
ARTICLE y. The names and post Of
flee addresses of the subscribers to these
articles of incorporation, and a statement
of the number of shares of stock which
each agrees to take in the corporation. is
rs follows. to-wit: Julian ii. Saenger,
1858 GENTLY Terrace, New Orleans, La,
2i6 shares; Victor G. Howard, 2517 st. Ann
street. New Orleans. La, l share; A. O..
Bourbon. Biloxi, Miss. / share: f. v.
Richards, 7140 Belfast street, New Orleans.
| La. one share: l.. NJ. Ash, 1858 GENTLY
| Terrace, New Orleans, La, one share.
Thus done and passed at my office in the
| city of New Orleans. state of Louisiana.
on the day, month and year herein first
2bOve written, in the presence OF Messrs
Elkin Moses and II. ii. c. Wedemeyer.
competent witnesses. who have signed
| these presents with the said appearers and
me. notary, after due reading of the
whole. Original signed: J. II. Saenger.
3J53 GENTLY Terrace. New Orleans, La, 2i6
shares. S24 600; +. V. Richards, 7740 Bel
! fast street, New Orleans. La, one share,
800; l.. NJ. Ash 1858 GENTLY Terrace, New
| Orleans. La, one share, 800; 4. o. Bour-
| don, Biloxi, Miss, one share, 500; Victor
! g. Howard, 2j17 st. Ann street. New Or
| leans, La, one share, 800. Witnesses: Ell
kin Moses. III. II. c. Wedemeyer.
| CHARLES ROSEN. Notary Public.
\ true copy of the original.
CHARLES ROSEN, Notary Public.
Mar. 4-Apr.