The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-04
CHARTER.

Always MAINTAIN ITS capital unim paired
The corporation shall have the right I,
refuse TO trunSfeT any stock 50 long as H.,
shareholder demanding the transfer Is "a
any way indebted to the corporation. ant
the corporation shall have lien, pledg,
AMI privilege on each share Of stock {,
secure any Indebtedness due by the share.
holder 10 the corporation. Should any o
the stock offered for sale be not desire,
! by the other stockholders, and shout. III,
/ corporation itself De unwilling or uuabl,
10 purchase any Of the same out OF IL.
surplus earnings. within ten DAYS from
u" receipt at the corporations office Of
the written offer 10 sell. then, and thcI
! only, shall the stockholders DESIRING {,
sell he entitled TO transfer such uudcsi-rl
/ portion Of the stock To such person or Der.
I sons as ne or sh" may see fit The pro
! Visions or this article shall be printed
! upon the face Of each certificate OF stocs
issued by the corporation and shall b,
hIhulu- upon every person, now or here.
! after becoming stakeholder IA tuis cor.
! pOFdtlOn, all Of whom take such stock sub
! Jt't 10 the provisions hereof. and an
/ Pledges, AypOthrcatIOEs or other iuguu.
! ORANGES OF said stech. or dealings with Pc
! EHrL lsrtlo' sual! Dc subject 10 the pro
/ visions hereof,
! ARTICLE V.-Au the powers Of tbf.
| corporation shall BE- vested in and ever
/ 'is'h bl Il Board composed of not les.
/ man ihr'e nor more than seven Directors
| he precise number OF the Director, ,y.fg.
/ ia SAID limits shall be fixed from tiu. +,
! ilMe BY the vote OF the stOckuoIJ.r, a.
'hr annual meetings or at a special fga.f-
LiS called Tor that purpose. 4 majority
| Oh tue Board shall constitute II quorum
I HdII board Of directors shall be elected
annually nj a to.kLOldcrs' Meeting I. Ia
hrlI annually at the office OF the carror.-
'ioH on the first Tuesday in October Of
Ct" year tor the next legal day il that
De a holiday after notice given 10 each
SiO'khOldcr 10y mail at least fifteen dg,s
! before IA" date Of the meeting afdr.--,.f
/ 20 IN" last designated address Of the stock
Z lta Iu- a. a
To The General Delivery at New orI..u.
! Sp''ldt meetings Of the Stockholders may
! De called by the Board at any tim. and no
~ 'LtLtuI sLaII De given in the manner
~ 4utu Tor annual meetings, provided
mat IL all cases all notices may be waived
u! Unanimous consent. Each shar-hoid,.r
SHdLI De entitled 10 one vote for each shar..
OF STOCK standing III his name on the booE.
OF the corporation, said vote to be cast in
person or DJ proxy, and majority OF rue
votes cast snail elect. Failure 10 OH
directors on the day above specified shall
not dissolve the corporation but the III
rectOrs then in office shall remain in offi,a
lhtI their successors are elected m
bOard OF Directors shall have power IN
liH an vacancies which may occur or in
any manner arise or be created on m.
board, even though no quorum remain az
Ihs tlihe such vacancies are TO be filled
Inc Board shall elect from their nHmbrr
resident, Vice President and a Secre-
ldTy treasurer provided that from time
10 time the Board may diSDeusa with mn
OF said officers and or may combine and
oE separate any OF them and Tor may elect
Such other Officers AS they may think
proper or convenient for the carving on
Oi the Company's business, and NAV pro-
Nlde that such officers may not be mem
bers OF the Board, or stockholders: ana
ont! snaIl ilA the salaries of the officers
agents ana employees. At any meeting of
the Board or Directors, any Director absent
from the meeting may be represented nv
aa! Other director who may cast the vote
nsA -
written instructions, either general or
Special, OF said absent Director The said
Board Of Directors shall have authority Ia
MAKE ana establish, as well as alter and
amend, all bylaws, rules and regulations
necessary and proper for the supDort and
management OF the business and affairs of
thls corporation and not Inconsistent with
TINS charter; and they shall have power to
authorize the borrowing of money and the
issuance OF notes and the execution of
Pledges, and generally to do all things
necessary or convenient for the proppr
carrying on Of the business of the corpor-
alton.
Until general meeting of Observation-Disclosures
for election of Directors to be held i'm 1921.
or until their duly qualified successors are
elected and installed, the Board of Di-
IectOrS Shall be composed of the follow
ing: Felix L. NaccarO, 344 Camp Street
New Orleans, La; +. l.. Stream, $50 South
Front Street, New Orleans, La; Charles
Leftwlch, 3fi Camp Street, New Orleans
La La; salvador D'AntOni, 344 Camp Street,
New Orleans, La; Jos. Yaccaro, 344 Camp
street, New Orleans. La; Lucas vaccaro.
ia Camp Street, New Orleans, La. OF
these Felix p. NaccarO shall be President.
Z. l.. stream, vice President, and Charles
Leftwich. Secretary Treasurer
ARTICLE FI.-This act of incorpOratiou
may be changed, modified or amended. or
the corporation dissolved, by vote of
two-thlrds OF the entire capital stock pres
ent or represented at a general meeting of
the stockholders convened for such pur-
pose, after previous notice shall have been
given IN the manner above required to be
poratiOn.
ARTICLE Wifi this corporation shall
be dissolved, either by Limitation or from
any other cause, Its affairs shall be liQui-
dated by two commissioners to be an
pointed at the meeting of stockholders CON
vened for the purpose of liquidation and
to be elected by the vote of all the stock
holders voting upon parity. Said liqui-
gators shall remain in office until the
affairs of the corporation shall have been
iully settled and liquidated, and they shall
nave run power and authority to transfer
and give title to all the property and
the proceeds. In case of death disability
or resignation of one Hquidator the va
cancy shall be filled by the survivor.
ARTICLE vIlI.-No stakeholder shall
contracts or faults of said corporation in
any further sum than the unpaid bal
ance due on the shares of stock owned by
him, nor shall any mere informality in
organization have the effect of rendering
this charter null or of exposing any stock
holder to any liability beyond the unpaid
balance due on his stock.
In order that this charter may serve as
the original subscription list, the subscrib-
ers hereto have indicated opposite their
respective signatures the number of shares
OF stock subscribed for by each of them
. Thus done and passed at my notarial Of
flee In the City of New Orleans State of
Louisi lana. on the day, month and year
first hereinabove written, In the presence
of George HUFF and George Perez, com
petent witnesses, who have hereunto sub
scribed their names together with me-
Notary, and the said appearers, after due
reading of the whole.
(Names of subscribers omitted)
Witnesses: George HUFF George Perez.
WATTS h. LEvERICH.
Notary Public
/, 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-
ton of the Louisiana Acetelyne Company,
Inc, was this day duly recorded in my
office in Book 1916, Folio 30S New Or |
leans, La, September "a. 1920.
(Signed) EMILE J. LEONARD, by. r.
1 hereby certify that the above and for |
going is true and correct COPY of the |
original of record in my Office.
WATTS K. LEVERICH,
Notary Public
TO CHARTER EUREKA
HOMESTEAD SOCIETY.