The herald., 1920-11-04
CHARTER.

EN-.
stockholders for the election of directors
shall be held on the second Monday in
October of each year, unless said day be
a legal holiday. and then on the next
bank day thereafter.
The Board of Directors shall have the
full and complete control OF the property
Of this company, and they shall conduct.
manage and use the same as in their dis
erection they may deem best, if not in
consistent with the objects of the com
pany and the welfare Of same.
The said Board of Directors shall have
the further power and authority 10 sell
or dispose of any or all of the assets 81
this corporation. provided that the Board
Of Directors shall not have the authority
Ito sell all of the property Of said cor
pOratiOn at one time unless and until two
thirds of all of the Directors then in
office shall have voted in favor thereof.
The Board of Directors shall have the
further power to appoint all agents. clerks.
or employees and Tx their salaries and
compensation, with term of Office, with
the right TO dismiss them at pleasure. and
the said Board shall have the further right
TO fix and determine the salaries OF the
several officers herein provided for.
The said Board of Directors may at
any time by a majority vote. increase thu
number of members of the Board Of hi
reCtOrs. provided said number does not
at any time exceed the maximum mum
Der herein. and may fill such vacancies
thus created by the increase in number
of members of said Board by election OF
other stockholders, who shall serve until
the next ensuing regular election or until
the successors of said Board shall be duly
elected and qualified. Any other vacancy or
vacancies which may exist or occur among
| the directors by death, resignation or
otherwise. shall be filled by the remain
| ing directors by the election OF other
stockholders. who shall serve until the
next ensuing regular election or until IN,
/ successors Of said Board shall be duly
elected. qualified and installed.
! ARTICLE VIII.-In the event Of the
/ liquidation or dissolution Of this corpora
/ ton. the stockholders shall elect three
! liquidators from among their number AT
/ a meeting convened FOR that purpose. after
fifteen 40 days written notice sent &,
each stakeholder by mail 10 his last know
! ddrcSS: said liquidators shall have the au-
! thOrity 10 wind up the business ard affair,
/ of this corporation. In ease Of the death
of a liquidator. the survivors shall ap
/ point stakeholder as successor TO him.
ARTICLE IN.-This charter may h,
modified, changed or altered. or said cor
| pOration may be dissolved, with the assent
! of stockholders owing twO-thirds of tn,
| preferred stock and twO-thirdS of the com
mon stock. at a general meeting of IN,
I stockholders convened for such purpose
after fifteen 15J days written notice shall
| have been given to each stakeholder MALE,
ARTICLE Mo subscriber for stool
| shall ever be held liable for the contracts
| faults or debts of said corporation. in any
further sum than the unpaid balance. /
any, due the corporation on the stock fo,
which he has subscribed; nor shall any
StOckhOlder ever he held liable for suci
contract, faults or debts in any furthcI
sum than the unpaid balance, if any, oI
the stock owned by him; nor shall an!
mere infOrmality in organization have III,
effect of rendering this charter null Of
rendering any subscriber or stockhOldc
liable beyond the unpaid amount II any
remaining due on his stock.
ARTICLE NI-This corporation is or
gained under the laws Of the State .
Louisiana, and especially Act No. 2oi
1914. and the subscribers hereto, for them
selves and said corporation. and for IL
| officers. directors and stockholders, hereb,
accept, as part Of this charter. and as con
ditiOns of this corporation, all the rights
powers, privileges and immunities grant,
| to corporations. and granted to and con
ferred upon officers. directors and stock
holders Of corporations by said laws an,
said acts; such acceptance being as full
complete and binding as II said rights
powers, privileges and immunities wer
set forth at full length in this instrument
Thus done and passed in my Notaria
ONCE, in the City of New Orleans afore
said in the presence of Joseph NJ. Raul
and Frazer l.. Rice, competent witnesse
of lawful age and residing in this City
VINO nerenntO subscribe their names, 10
gether with said parties and me, Notary
on the day and date set forth in tn
caption hereof.
| (Original Signed
(Names of subscribers omitted.)
Witnesses: Jos. VI. Rault, Frazer L. Rice
W. w. YOUNG.
Notary Public
| I. the undersigned Recorder of Mort
cages in and for the Parish of Orlean;
State of Louisiana, do hereby certify tina
the above and foregoing Act of Incorpora
ton of the Atlantic Paint Company, Inc
was this day duly recorded in my offic,
in Book 1916. folio AIS, New Orleans. Octo
Der 18th, 1920.
(SIGNED) EMILE J. LEONARD,
| by. X.
I, hereby certify the above and fore
going to be a true and correct copy of tn
Original Act of Incorporation of Atlanti
Paint Company, Inc, together with tn
certificate of the Recorder of Mortgage
on file and of record in my office.
In faith Whereof. /, hereunto set m
hand and seal this thirteenth day of OctO
Der. A. ID. 1920.
(SEAL) W. W. YOUNG,
Notary Public.
Oct. 14-Nov. IS.