The herald., 1920-08-05
CHARTER.

poration shall be managed by a Board Of
Directors consisting of five members, three
Of whom shall constitute n quorum for the
transaction of all business. such directors
shall be elected annually from among the
stockholders at meeting 20 be held on
the first Tuesday In February, not a legal
holiday: after fifteen days notice by mail
TO ca rh shareholders last known ADDRESS.
At such meeting each shareholder shall be
entitled to east one vote for each share Of
stock lAld by him. either In person or 10y
proxy. majority of the stock present or
represented at such meeting shall b. SUI
ficieut for the transaction of all business,
including the election of directors.
The Officers of this corporation shall be
President. It Vice President aud a Secrc-
tary Treasurer. who shall be chosen by the
Board of Directors from among its Nom
bers.
Said officers and such Board of Dircc-
tors shall serve until their successors nave
been duly elected and qualified. Any Va
cancy in said officers or Board OF llrcc-
tors shall be filled by the remaining mem
beers Of said Board for the uncNpired term.
Special meetings Of the shareholders may
be held when ordered by the Board of
Directors. or upon the request OF not less
than twenty-five per cent OF the out>tand-
ing stock after giving the notices required
Any director who is about to absent
himself from the city of New Orleans. or
by reason of any other disability il uH-
able TO attend meeting or meetings of
the Board of Directors. shall have the
right to authorize any shareholder of III"
company to vote for him at any and all
directors meetings. and such proxy shall
have and exercise all of the powers of
such director appointing him.
ARTICLE NI.-The first Board of hi
rrctOrs aud Officers of this corporation.
who shall serve until the annual meeting
to be- held in February. 1921, or until their
successors are duly elected and qualified,
shall be Alfred \. Hitchcock. GlcnSfalls.
y. Y. IL. \. Monroe. New Orleans ChaS.
\,.NX InrUlHm
Magog. Quebec Canada. and & W. Iligley,
Hudson Falls. y. Y. with ii. \. Monroe. as
President, \. \. Hitchcock Nice-President
and ChaS. +. Ross Secretary Treasurer.
ARTICLE NII.-Thcse articles of in"Or-
poration may be altered or amended and
the capital stock may Ice increased or de
creased. or this corporation may be dis
solved by vote of twO-thirdS of all out
standing stock nj q meeting of the share
holders duly convened for that purpose in
pursuance of resolution of the Board of
Directors and in accordance with law:
Provided. however, that the objects and
purposes of the corporation shall moi be
changed except by u vote of all stock out
standing: and provided. further, that an
increase of the capital stock in excess of
the amount originally named rs the sum
to which the capital stock may be in
creased shall he authorized only by
three-fourth's vote of all outstanding
stock.
ARTICLE VIII.-Wheneyer this corpOr-
alton is dissolved by limitation or other
wise. its affairs shall be liquidated under
the supervision of three liquidatOrS elected
by the stockholders from among their
number at n meeting convened for that
purpose in accordance with law.
In the event of the death or inability 70
serve Of any liquidatOr or liQuidatOrS such
vacancy shall be filled by the remaining
liquidators from among the shareholders.
ARTICLE IN.-No stakeholder of this
company shall ever be held liable or re-
sponsible for the contracts or faults there
of in any further sum than the unpaid
balance due on shares of stock owned by
him, nor shall any infOrmality in Organi-
Zation have the effect of rendering this
charter null or exposing any stakeholder
to any liability beyond the unpaid balance
due on his stock. nor shall any infor-
mality or irregularity in organization have
the effect of rendering any shareholder
liable partner.
Thus done and passed in my office in
the City of New Orleans. on the day.
month and year hereinabOve written. in
the presence of MesSrS. Salvador Schilleci
ana Frances Eisler. competent witnesses.
who have hereuntO subscribed their names
together with said appearcrs. and me, No
tary. after due reading of the whole.
(Original il SiCued):
Harry y. Monroe. New Orleans. La, ~
shares.
Alfred \. Hitchcock. Glen Falls y. Y, ~
shares.
Chas. +. Ross, New Orleans, La. 10
shares.
Adolph Oeschner, New Orleans, La. 10
shares.
Witness:
+. EiSler. s. Schilleci.
CHAS. I. FLETCIINGER.
Not. Pub.
l. the undersigned Recorder of Mort
cages. in and for the Parish of Orleans.
| State of Louisiana do hereby certify that
the above and foregoing Act of IncOrpOra-
| tiOn of Monroe X Co. Inc. was this day
daily recorded in my office i'm Book --.
fol -. New Orleans. La. July 18th, 1920.
(Signed) EMILE J. LEONARD. ID. Il.
A true and correct copy Of the original
Act of Incorporation. with the certificate
of the Recorder of Mortgages thereto APP
pended.
CIIAS. +. FLETCHINGER.
(SeaD Not. Pub.
July 22-Aug. &c.