The herald. [volume] (New Orleans, La.) 1905-1953, 1920-05-13
CHARTERS.

plant. to exchange its cntire capital stock
or ANY part thereof for stock which i
| Is hereby authorized to acquire, or to eN
lchange its entire assets and business il
whole OF in part. for money or stocks OF
| bonds or other obligations of other com
pdnle> and TO do any and all such act,
and things as may or shall be necessary
ana proper 10 carry out the said above Oh
j"ctS and purposes.
ARTICLE IV.-The capital stock of this
corporation Is hereby fixed at Five Thou
| sand (SJ,000OOD Dollars divided into fifty
| tjOl shares of the par value of One Hun
| dr"d tSlOOOOD Dollars per share The
! amount OF said stock may be increased to
| ono Hundred Thousand Dollars $500
| OOOOOJ.
ARTICLE v.-An the powers Of this
corporation shall be vested in and exrr-
ciSed by Board composed of three direc-
tors. said Board shall be elected an
nukly by ballot at Il stockholders meet
inS9called for that purpose on the third
Monday of January of each wear Tor the
next legal day if that day be holidavI
AFTER due notice to the stockholders by
man az least fifteen days before the date
OF said meeting. Each holder of stock
Shall be entitled to one vote for each share
Oh STOCK standing in his name on the
books of the corporation. said vote TO be
cast III person or by proxy, and the ma
gortN OF votes cast shall elect. The
bOhrd OF Directors shall have the power
III any manner arise or be created on the
Board. even though no quorum remain
dt lhe time such vacancies are to be filled
rdllure 10 eject directors on the day above
speclfird shall not dissolve the corpora
t"h. hut the directors then in office shall
remain in office until their successors arc
elected and qualified. The Board shall
elect from their number a President a
lce-PreSident and Secretary Trea surer
provided that the Board may elect such
mood ha Har
OF the Board or stOckholderS) as they
think proper or convenient for the carry
ing on of the COmpany's business. and
they shall fix the salaries of all Officers
agents and employees. At any meeting of
the Board of Directors. any director ab-
sent from the meeting may he represented
by any other director who may cast the
Vote OF the absent director. The Board |
OF Directors shall have authority to make
and establish, as well as alter and amend |
All Dy-laws, rules and regulations neces- |
Sary and proper for the support and man
agement of the business and affairs of this |
ana not inconsistent with |
rms 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 proper
carrying on of the business of the cor
pOratiOn.
Until general meeting of the stockboId-
ars for the election of directors TO he
held IN l92l. or until their duly Qualified
successors are elected and installed. the
Board OF Directors shall be composed of
ne following w. J. Walker. Post Office
Audress I'll Napoleon Ave. New Orleans
ia Frederick Morrison, Post Office Ad-
ireSs 2I31 Chestnut St, New Orleans. La.
Horace Gumbel Jr., Post Office Address |
ffj2 Carondelet St, New Orleans. La. of
nest, W. j. Walker shall be President |
frederick Morrison Vice President mad
Horace Gumbel, Jr., Secretary Treasurer |
ARTICLE NI.-This act of incorpora
ION may be changed, modified or amend
III. or the corporation dissolved by a j.
ote Oh two-thlrdS of the entire CAPITAL
LOCK present or represented at a general !
meeting OF the stockholders convened for
uch purpose. after previous notice shall
lave been given ia the manner above re-
lulred TO be given of the annual meeting
u the corporation.
ARTICLE Wifi this corporation shall
~ dissolved, either by limitation or from
ny other cause, its affairs shall he ii |
by three commissioners to he
PPoihteu at the meeting of stockholders
ohNehed for the purpose of liduidation !
hu 10 De elected by the vote of all the !
tOckhOlders voting upon a parity Said |
quidatOrS shall remain i'm office until !
he aiIalrS OF the corporation shall have
cen fully settled and liauidated and they ,
hall nave full power and authority to :
ransler and give title to all the property !
:
ute the proceeds. In case of death dis =
Dliity or resignation of one or more
quldatOrS, the vacancy shall be filled by :
ne survivor or survivors.
ARTICLE yIII.-No stakeholder shall h
yer be held liable or responsible for the Z
or faults of said corporation i'm Z
ny further sum than the unpaid balance
Ne on the shares of stock owned by him Z
Dr. shall any mere infOrmality in orga- o
lzatlon nave the effect Of rendering this g
iarter null or of exposing any stock -
'ider 10 any liability beyond the unpaid :
ilance due on his stock. In order that b
lis charter may serve as the original
Inscription list. the subscribers hereto y
ave indicated opposite their respective il
ghatlreS the number of shares of stock 7.
Inscribed for by each of them. All sub g,
riptions are to be paid for in cash at =
q execution hereof Al
Thus done aud passed at NV nOtariaI ~
nee. in the City of New Orleans State 81,
LOUISIANA. on the day, month and wear -,
rst hereinabOve written. i'm the presence ~
Ralph Carroll and George Huff. com ="
tent witnesses, who have hereunto sub
rlbed their names. together with me | ia
Dtary, and the said appearerS, after due
aiding of the whole.
COriginal Sgned) ". J. Walker. (4S ,,,
ares), 2221 Napoleon Ave, New Orleans :.
l.: Fredr. Morrison q shared 2731 81
estnut St. New Orleans La: Horace ~
lmbel Jr.. q share), 4i32 Carondelet ST -.
w Orleans. La. W. W.
Witnesses: r. Carroll George Huff.
WATTS X. LEvERICH.
Notary Public.
|. the undersigned Recorder of Mort
ges, in and for the Parish of Orleans.
"a nj anf al a