The herald., 1920-10-14
CHARTER

share. then his share shall be Offered 10
the other stockholders proportional" to
the number Of shares OWNED by them.
should said stockholders in fifteen days
after notice having been given, ia writ
Ing. fail or refuse 10 purchase III" stock
offered for sale. such stock may be sold TO
any one. No transfer OF stock shall be
made or held TO be valid and binding IN
less mad" In pursuance of the provisions
OF this charter.
NRTICI + NII.-ThiS Corporation shall
have an powers granted to such corpora
tiOnS by law and shall have the power tu
contract. sue and be- sued in its corporate
name. and TO own. hold. receive, loan,
lease. purchase, sell and convey OF mort
gage any and all of its effects. or to
hypOthocate its property and TO do any
and all acts and things of any kind. ma
tUre OF description, rs may b" necessary
10 carry out the objects and purposes of
+ said business "a it, interests and con
veuicncez may requIr".
ARTICLE VIII.-The business Of this
; Corporation shall be directed 10y and
vested in Board of Directors consisting
/ of seven members. four of whom shall
constitute quorum. for the transaction
. Of business and tn" said directors a. first
constituted shall be Richmond h. LOnCino.
, Frederick Ii. Collins. \. Il. Hart and Earl
! &. Stevens. and others 10 b" selected 10y
them. and they shall hold office until the
last Monday in January, 1921 and on
that day and on the same day thereafter
elections shall be held annually for diroC-
tors at The principal office of the COrpor-
alton. Failure TO hold an election on the
day specified shall not dissolve the Cor
pOration. but the Directors in office shall
hold their rcSpe'tiv" offices until an eleC-
tion shall be held after thirty days notice
of the time and pla"" thereof given to each
stakeholder. The annual election shall
be held on the last Monday in January
1921, and thereafter on the last Monday Of
January Of each succeeding year. and the
election shall be held between the hours
of two and four O'Clock p. IN. All va
lCHnCicS on the Board Of Directors for
whatever cause shall he filled by the re-
naming Directors. Richmond X. Loncino
shall be- the first President, Frederick II
collins shall be the first Vice President
\. Il. Hart shall be the first Treasurer
and Earl &. Stevens shall be the first Sec
rotary. and they shall hold office until the
last Monday in January. 1871 or until
their Successors are elected, and each sue.
principal officers for the term of their
election and only stockholders shall be-
eligible for election as member of thu
, Board of Directors. Directors may act
, either in person or bs proxy.
ARTICLE IN.-Whenever this Corpora.
ton is dissolved either by limitation OF
for any other cause, its affairs SHAH be
liquidated by the Board of Directors
who are hereby vested with full power e
| sell any or all assets Of the Corporation
either separately or in mass and to con
vey full and complete title thereto, and
d shall have full power to do and perform
all acts necessary and proper to fully and
completely liquidate the affairs and dis
tribute the proceeds, If any. among th'
stockholders of this corporation TO thu
amount of stock held by each.
: ARTICLE N.-ThiS Act of Incorporation
may be- amended, altered and modified OF
, this Corporation dissolved in the manner
. provided by law.
: Thus done and passed. in my notaria
. office. in the City of New Orleans, Stat'
= of Louisiana. on the day, month and yea
a first hereinabOve written. in the presence
. of Ruth VI. Seller and Amanda c. SteCh
! mann. competent witnesses, who hav
! hereuntO signed these presents. tOgethe
! with the said parties hereto and me-, No
: tary. after a reading of the whole.
: (Original signed) K. X. Longino, 49,
: St Charles Ave, 100 shares; r. II. Collins
. 2i29 SOuiat Street, 100 shares; +. e. Stew
: ems. 45l4 Prytania Street. 90 shares; a. Il
n Hart. 1923 ST. Charles Street, l share.
?. Witnesses: Ruth NJ Seller, Amanda c
d SteChmann.
A. A. MORENO. Not. Pub.
= I. the undersigned Recorder Of Mort
= cages, in and for the Parish of Orleans
n State of Louisiana, do hereby certify tina
q the above and foregoing Act of lncOrpora
r, ton of LOnginO & Collins. Inc. was thi
J. day duly recorded in my office in Boo
h 1916. Folio 272.
:. New Orleans. La Sept. 21st. 1920.
! (SignedD EMILE J. LEONARD, by. r.
Sept. 30 Nov. (.