The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-27
CHARTER.

jority of the Board shall constitute a
quorum for the transaction of all business.
Each director ut the time Of his election
and during his tenure of office shall own
AT least one full paid unpledged share
of stock.
The directors shall he elected annually
on the second Tuesday of April of each
year at meeting of stockholders called
for that purpose after notice given
required by law. At the first meeting of
the Board of Directors after the annual
election they shall elect from their mum
Der president, one or more vice preSi
dents. secretary and treasurer. and
the Board shall have the power, in their
discretion To unite two or more offices
and the same TO confer on one person. All
elections shall be by ballot. and Il ma
jOrity of the votes east shall elect. Each
share of stock shall he entitled to one
vote to be- east by the holder thereof in
person or by proxy or by letter. the sig
nature to which is duly acknowledged as
required by law.
\ failure to elect directors on the date
specified for the annual meeting shall not
dissolve the corporation, but the direc-
tors then in office shall remain in office
until their successors are elected and
qualified; due notice of another election
shall forthwith Ice given a. above pro
vilrd. and such notices of election shall
continue to be given until an election il
held. The BOARD of Directors shall have
the right from time to time TO appoint
such Officers, clerks, agents or other en-
plUycS or committees may be necessary
for the proper conduct of the business and
purposes of the corporation. and shall
have the right to appoint an executive
committee composed of three members
and to delegate TO said committee, all
the powers and authority possessed by
| the Board, To be- exercised under such rules
| aud regulations as the Board may So" fit
| All such app0iute"S shall hold during the
| plea sure of tn" Board.
The Board of Directors may make and
| establish, as well as alter and amend, al
| by laws. rules and regulations necessary
4 and proper for the support, management
| and conduct of the business and affairs
! of the corporation. Said Board shall al>t
| have the power to borrow money. execute
| mortgages, issue notes, bonds or Othe
| obligations of the corporation, payable
| principal and interest in lawful money D
! tn" United States. or III United state
| gold coin, and generally to do all thing
! rea> Onahly necessary for the proper con
duct and management of the business ~
the corporation: and also to issue ful
paid shares of stock, bonds or obligation
of the corporation in payment for lahO
| done. services rendered. money borrowed
or property or rights received 10y the cor
pOration.
| ARTICLE VI-This act OF incorpora
ton may be modified, changed or altered
the capital stock may be- increased or de
creased, or the corporation may be dis
solved or liquidatcd At a general mcetin
of the stockholders called for that pun
pose after previous notice shall have bee
given as required by law, by the as>en
Ut the number of stockholders rs provide
by law.
ARTICLE Whenever this corpora
ton may he dissolved, either by limitatio
or from any other cause whatsoever, II
affairs shall hc liquidated 10y three stock
holders to he appointed ut genera
meeting of stockholders. convened for tina
: purpose after previous notice given as r.
quirpd by Law, each Shar" OF STOCK Dem
entitled to one vote i'll person or u
proXy. or by letter the signature 10 whi'
shall have been ACKNOWLEDGED as r,
CURED by law; said liquidatorS shall r,
main in office until the affairs of sal
corporation shall have been fully settle
and iquidated. and shall have full al
thority aud power to transfer ana CAV
r title to all the assets and property
, the corporation. In case or death. di'
p ability or resignation of one or more :
said IiuuidatOrS the vacancy shall be I'll
tor or liquidatOrS.
Il ARTICLE VIII.-NO stakeholder Sha
Q ever be- held liable or responsible for u
= contracts or faults of the corporation
T. any further sum than the unpaid balan
A due on the shares of stock owned 10y hin
q nor shall any mere infOrmality in org
r niZatiOn have the effect of rendering tn
r charter null or of exposing any stoc
: holder to any liability beyond the amou
q due on his stock.
n ARTICLE IN.-The names and pc
!. Office addresses of the subscribers to {
" stock of this corporation are as follow
d G. BereSford Fox. 1902 State ST, NJ
B Orleans; Walter Il. Chilean. Al VAIN
r. ST.. New Orleans; Anthony Wizard, l.
r Nashville Ave, New Orleans; William
"A Logan, 500 Canal G Commercial Bank Bull
ing. New Orleans: Edwin \. Mckoy, il
a Soniat ST. New Orleans; all OF whom ha
If first Board Of Directors of this cOrpOr
a, ton until the second Tuesday of App
h. 1921, or until their successors shall la
,r been elected aud qualified.
ARTICLE N.-ThiS corporation sha
N commence business as soon as 1llty J
= cent of the capital stock shall have be
/ subscribed and fifty per cent of the stO
IN subscribed shall have been paid for. a
ps in order that this charter may also ser
Is as the original subscription list, the su
10 | =, riberS Hereto have set opposite their
m | spective names the number OF shares 81
scribrd by each of them.
" Thus done and passed in my Office
y the presence of Leo. l.. DubOurg and Lo'
Mt J. Gclpi, competent witnesses OF law
r age. WIN have hereunto signed their nan
n with said appearcrS and me. Notary.
< the day and date herein first above VT
Is ten. after reading of the whole.
n COricinaI Signed) e. Beresford r.
Ic,6 shares; A. Wizard. 1866 shares; W
n ter Il. Chilean 1865 shares; W. b. Log
70 per pro A. Wizard, / share; +. \. Nick
es | share.
ne witnesses: Leo. l.. Dubourg, Louis
or Gelpi ~
e HENRY L. DART. JR..
Notary Public
90, April Il. 1920
~ l. the undersigned Recorder of Mo
he CAGES in and for the Parish of Orlea
or state of Louisiana. do certify that the :
r. of incorporation of the Acme Produ
IS. Co. Inc, was this day duly recorded
Is, my office, in Book 12i2. Folio -.
RS New Orleans, April II, 1920. =,
ve CSigned) VI. J. DUNN. X. NJ
or hereby certify the above and fore
nd in. to be a correct copy of the orlgl
Mt, | on file in my office.
IA HENRY =. DART. JR..
~ Notary Public
ID APP. 22-May %.
ny - -- :.