The herald., 1920-02-19
CHARTER.

them and other products or articles, ana
to do a general merchandising and pack
ing business, either wholesale or retail or
both, to buy, sell, lease, acquire, by pur-
chase license or otherwise, use, take out
or obtain trade marks, trade names ana
labels useful, necessary or advantageous
i'm the conduct of its business, and gen
orally to do all and everything necessary |
or proper in order to carry out and exc
cute any or all of the foregoing objects
and purposes.
ARTICLE III.-The authorized capital |
stock of this corporation is hereby fixed at |
the sum of ten thousand dollars (slOOOOOO) |
divided into and represented by one hun |
hundred dollars $4,000 each, and shall
be paid for in cash, or may be issued at
par, in payment for property actually pur-
chased by, or services rendered to TINS
corporation, at such times and in such
| installments as the Board of Directors may
direct.
The amount to which the capital stock
of this corporation may be increased Is
hereby fixed at fifty thousand dollars
| 1850, O00. OO) divided into and represented by
| five hundred (JOO) shares of the par value
| of one hundred dollars ($1OO.OO) each, and
said stock, or any part thereof, may be
issued on complying with the requisites
| of law, and said stock so issued shall be
paid for i'm cash, or may be issued at par
| in payment for property actually pur-
| chased by, or services rendered to this
! corporation, as such times and in such
instalments as the Board of Directors
may direct.
This corporation shall be authorized to
commence business, and be a going con-
Germ, as soon as One-half of its authorized
capital stock of ten thousand dollars is
subscribed and one-half thereof shall have
been actually paid in.
| ARTICLE IV.-The domicile of this cor
poration shall be in the City of New Or
| leans, State of Louisiana. Citation and all
legal process shall be served on the Presi-
dent and in his absence or inability to act,
h.
sence or inability to act, upon the Secre-
tary- Treasurer
! ARTICLE v-An of the powers of this
corporation shall be vested in and exer-
cised by a Board of Directors to be COM
posed of three stockholders, to be elected
annually On the first Monday of January
of each year, and majority of whom
shall constitute quorum for the trans
. action Of business. and a majority OF votes
cast shall decide all questions; all such
elections shall be conducted at the office
; of this corporation in the City of New
Orleans, under the supervision of three
comm issionersi appointed by the President.
Notice of such election and Of all other
) meetings of stockholders whatsoever, un-
less waived in writing, shall be given by
depOsiting in the United States Post Office
e in New Orleans, not more than fifteen
! days nor less than five days prior to the
1 date of such election or such meeting, a
e notice Of the holding thereof, enclosed in
. postpaid wrapper, addressed to each
to this corporation by said stakeholder,
and in the event no address is furnished,
then addressed General Delivery" New
Orleans. La. At said election. and at all
0 other meetings of the stockholders, the
y voting shall be by ballot, and each stock
I holder shall be entitled to one vote for
:, each share of stock standing in his name
II on the books of the company. to be cast
in person or by written proxy.
Five per cent of the outstanding capital
!, stock Of this corporation shall constitute
u quorum at any and all meetings fol
the transaction of any and all business
= majority OF stock voting shall decide al
), questions, except otherwise provided
J. by law, or by this charter.
. The Board of Directors shall have tn,
!, right to fill for the unexpired term an,
vacancy occurring among the Directors by
=, death, resignation or otherwise, ever
. though the number be by said couses o.
either of them reduced to less than ,
4. quorum.
e The failure to hold an annual election
n or 10 eject Directors as above provided
4. snalI NOT dissolve the corporation, but tn,
y Directors and Officers then in Office shall
II cause an election to be held as soon a,
possible thereafter, notice of which shall
10 De given as above provided for the hold
,f ng VI tne annual meeting of stakeholder,
n pendlng which election the then Director,
70 ana omcers shall remain as such unit
y have qualified. '-'"'
The Board of Directors, shall, within
is thirty days after each annual election
Dr. elect from their number President
Of Nice-Ppresident, and shall also elect
IN Secretary Treasurer. The Secretary Treas
h urer need not be member of the Boar,
re Of Stockholders, and the Board of Di
T. rectors shall have the power to cleo
Of from their number such additional Vice
ty Presidents and also such Assistant Secre
tary-Ireasurers, as in their Judgment seen
I'd urers need not be stockholders or mem
ut bers of the Board of Directors.
tn The Board Of Directors shall have tn
tx power OF delegating all or any of its pow
er ers In the transaction of the business q
ne THIS corporation to a committee or com
mittees OF Its own body or to officers an
mt agents of this corporation.
" ANY and all directors and officers sha
en- hold office at the pleasure of the stool
eo holders, who may. at any general meetin
convened for that purpose on notice !
IN IN above provided for the holding Of the an
'st directorship or office vacant, and sele,
I'M successor or successors to such directt
n or officer, and it shall be the duty of n
"a "a secretary and the President to cali a NEE
ue writing of ten per cent of the CAN'T,
ur ing. 0u'S'an'
o. The Board Of Directors shall have pow,
10. to adopt bylaws for the government
mi this corporation, and to alter, amend
Zee abolish the same at pleasure at any SD
be cial or general meeting of the Board ,
A. Directors, and no previous notice Of 9
be intention to alter, amend or abolish Il
,35 bylaws shall be required.
ID The first Board of Directors shall
composed Of: Edwin l.. Powell, whose pc
Office address is 1856 Tchoupitoulas Stres
:. New Orleans, La; w. Scott Bryan. who
lie. post office address is 1855 Tchoupitoul
Street. New Orleans, La, and William
;. Purves, whose post office address Is IL
ic Tchoupitoulas Street, New Orleans, L
Who shall hold office until the annu
. meeting in 1921, or until their successo
are Gully elected and qualified. and Edw
Ns l.. Powell, shall be President; w. SEQ
II Bryan, shall be President, and WI
- liam Fl. Purves, shall be Secretary Urea
is urer.
- ARTICLE vI.-This act Of incorporate
Y NAV be modified, added to or changed,
tn said corporation may be dissolved In {
ine manner provided by the law Of the Sta
~. of Louisiana, at the time such action
"a ., taken, at a meeting of the stockholde
Wn convened for such purposes and called
~ the same manner as Is provided here1
'na above for he calling Of the MEETING
rs rs the annual election Of the Board Of l
nS rectors, and whenever this corporation
IA! dissolved, either by limitation or by Va
.s - of its stockholders, its affairs shall
aa liquidated by three nquidating comm
es. sioners to be elected at the general me-