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

holder shall make a sale or transfer of
his stock in violation of this provision
and such sale or transfer, II made, shall
be void, and this Company shall be under
no obligation TO list said stock on its
books or to regard the holder of the GER
/ tificate thereof.
ARTICLE VII-The corporate powers
| of this Corporation shall be vested in and
exercised by a Board of Directors COM
/ posed of not less than three and not more
than five stockholders, two of whom shall
constitute a quorum, If there are three
! directors, and three of whom shall con-
/ stitute = Quorum ~ tho-R eve fnnr ar five
| directors. for transaction of business. The
directors of this Corporation may vote in
person or by written proxy, at any of the
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
| pOration shall be elected at the first
| stockholders meeting, which is hereby
set for the 21st day of September, 1920, at
| New Orleans, Louisiana, and the directors
so elected shall serve until the fourth
Wednesday in December. 1920. or until
their successors are elected and qualified.
The directors of this Corporation shall be
elected annually by the stockholders, at a
meeting held on the fourth Wednesday of
December. each year thereafter. Notice of
such meetings shall be given fifteen days
prior to the date of the meeting, in writ
ing, and sent to each stockhOlder at 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-
termined 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
charter or any rights Hereunder. Any
vacancy occurring in the Board of Di-
rectors may be filled by the directors for
the uneXpired term.
ARTICLE VIII.-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
ent at any meeting, general or special, held
for that purpose; and such amendment
may be material or immaterial, subject
only to limitations as may be by law pro-
vided; 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 it may be increased may be made
by three-fOurths vote of all outstanding
stock.
ARTICLE IX.-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. liqui-
dation or termination of this Charter, by
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 Hquidators and vest them with such
power and authority as may by law be
permitted, and fix the terms and condi-
lions upon which they shall serve, and
their compensation, and provide that in
case of disability of any one Of said liqui-
dators, the remaining liquidators may fill
me vacancy or continue to act on behalf of
the Corporation.
ARTICLE X.-No stakeholder Of this
Corporation shall be liable or responsible
Tor any costs, contracts, debts or faults
OF this Company, or any of its officers, nor
shaH any mere informality in organization
nave 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
of them and their postoffice addresses. so
that this Charter may serve as the sub
scription list Of the Corporation; all Of
wnleh SUBSCRIPTIONS are payable in the
manner and fer inset out herein.
a, n HS uOhe anu passed, at my office, in |
the City OF New Orleans, Louisiana on |
the day, month and year herein first above |
written, in the presence of Morris B. 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 B. Redmanu, NJ. L.
Alband. " "
Names of subscribers omitted)
HERMAN l.. BARNETT, Notary Public.
recorded NJ. o. Il. 1916, Folio = Par
lsh of Orleans.
\ true copy. (Seal)
HERMAN l.. BARNETT, Notary Public.
Sept. 30 Nov. f.