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

directors. for transaction Of business The
directors Of this Corporation may vote in
person Or by written proxy. at any OF lhr
meetings Of the Board Of Directors, and
the Board Of Directors may delegate any
of its powers To- any officer or Officers. or
any other representative of the Company.
by appropriate resolution to that effect.
The first Board of Directors of this cor
pOratiou shall hc elected at the first
stockholders meeting. which Is hereby
set for the 2lSt day of September 1920, at
New Orleans. Louisiana, and tn" directors
80 elected shall >ery" until the fourth
Wednesday in December. 1920, or until
their SUCCESSORS are elected ana qualified.
Th, directors uT this Corporation shall be
elected annually by the stockholders. at a
meeting held on the fourth "Wednesday Of
December. each year thereafter. Motto" of
such meetings shall be given fifteen days
prior to the date Of the meeting. in writ
ing and sent 70 each stakeholder al his
last known address Each stakeholder
shall. AT such annual meeting or other
meeting. general or special, be entitled.
in person or proxy, To one vote for each
share of stock owned by him. Elections
shall be held under such rules and regula-
tiOnS as may from time To time be de
tcrmined by the Board Of Directors. The
directors, when elected. shall hold office
for one year or until their successors shall
have been elected and qualified. and fail
ure to hold the annual meeting of stock
holders or to elect annually the directors.
shall not operate the forfeiture of this
vacancy occurring in the Board Of Di-
rrctOrS may he filled by the directors for
the uncXpircd term.
ARTICLE YIII.-This Charter or Act
Of Incorporation may be changed. mOdi-
fled. altered or amended by and with the
consent of twO-thirdS of all the stock pres
cnt at any meeting, general or special, held
for that purpose; and such amendment
may I've material or immaterial. subject
only TO limitations as may be by law pro
Nided; and this Corporation shall have
the power to increase or decrease its cap
ital stock. as hereinbefOre set out, and any
increase in the capital stock in excess of
the amount named herein as the amount
to which il may be incrca -ed may be made
by three-fOurthS vote OF all outstanding
stock.
ARTICLE IN.-Notice of any and all
meetings referred to in this Charter or re-
quired by law shall be given in the man
ner provided in giving notices in case of
elections, unless the same shall have been
waived. In case of the dissolution. Hqui-
datiOn or termination of this Charter, 10y
limitation or otherwise the affairs of this
Corporation shall be liquidated by one or
more hquidatOrS elected by the 'StOck-
holders, who may provide the number of
said liquidatOrS and vest them with such
power and authority as may by law be
permitted, and fla the terms and cOndi-
tons upon which they shall serve. and
their compensation. and provide that in
case of disability of any one of said liqui-
the vacancy or continue to act on behalf 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 infOrmality in organization
have the effect of rendering this Charter
null and void, or of exposing a stakeholder
to any liability beyond the unpaid balance
due on the stock held by him.
ARTICLE XI.-The subscribers hereto
have written opposite their names the
number of shares subscribed To b. each
OF them and their pOstOffice addresses, so
that this Charter may serve as the SUB
ScriptiOn list of the Corporation; all of
which subscriptions are payable in the
manner and for inset out herein.
Thus done and passed. Mt nv office i'm
the City of New Orleans. Louisiana on
the day, month and year herein first above
written, in the presence of Morris Il. Red
mann and NJ. l.. Alband, competent wit
neSseS, who have hereuntO signed these
presents with the said appearers and me
Notary, after due reading of the whole
Witnesses: Morris l.. Redmanu. NJ L.
Alband.
(Names of subscribers OmitteG)
HERMAN l.. BARNETT. Notary Public
Recorded NJ. q. Il. 1916, Folio - Par
iSh of Orleans.
\ true copy. (SealD
HERMAN l.. BARNETT. Notary public
Sept. 80 Nov. 1.