The herald., 1920-12-02
CHARTER

shall give thirty days written notice oil Ms
Intention so to do TO the corporations "". /
iuy which thirty days tn" corporation ~ J
self shall hav" tn" right Of Pur'D'>ih| INV
stock nj its book value.
ARTICLE V.-Au the corporate powers F.,
Of this corporation shall be- vested III an" :
exercised By It Board of directors Gov"
posed Of not less than tive nor NOR" man
nine stockholders, all of whom Nhail ~
citizens OF the United States ana residents
nf thp STATE of Louisiana and "ach shall
own at least ten shares OF stock or tnIN !
rorpnrution They shall hold Once TOT
tya wears or until their successors ar"
elected and qualified. The Board "t III
rrctors shall hold monthly meetings.
The Board of Directors shall hav" pow
rr to make. amend or abroEate all bylaws.
rules and regulations for the management
of the affairs of the corporation i@ Hp
point employ and dischaTG" all nIh''F>.
agents and employees, hN All SaIaFl"N aH"
remuneration and generally TO do ana per
form all things necessary IN tht trans
action of the business and affairs OF tn
. rnrporgtinu: provided that the Board may
delegate to the President. or other persons
selected by il, or to such COMMITTEES a.
may create from among th'lr huNh'I'
such authority aS they may deem Pr"I'T,
Tn. officers of the corporation shall De-
/ , President a Vice. President. a Secretary
! and a Treasurer who shall Ice elected an
nually by the Board Of Directors. me
first Hoard of Directors shall consist OF
six stockholders. four of whom shall con
. >titutr a quorum. and a majority 81 iH">'
/ in attendance shall transact all business.
/ and shall consist Of. Martin kron. jules
/ Lubanra. Jr.. Charles \. ll"Np"Tt'' 81
/ John W EugrIhardt. Jules Lahanra. ST.
/ and Charles y. D">pOrte, Jr- VINO >hAI
/ hold office until tn" 10Th day ~ N"N'm
/ her lg2J or until their Successors are
/ duly elected and qualified. with the NdlH
/ John ". EHg,Ihardt as President the Nala
/ Charles \ DrSport", Sr., - Vic" president.
/ the said Jules Labnnca. Sr.. a. Secretary
and Martin krun a. Treasurer.
On the 10Th day of November, No. ana
/ every nvc years thereafter, or rs soon as
/ possihl,. after said date. at a meeting OF
! stock holders called for thHt PURPOSE an
I election Of Directors shall u" held al lh'
office of ia" corporation. a'l"F zen HiH
written notice mailed to each >to'hh"id"T
. 40 his last known address. NJ ~ald ti''
. ton each stakeholder shall b" entitled q"
. cast. either in person or 10y dulN HuJh'F-
/ i1.d written proxy. on" vot" for each share
| of stock not in excess Of ou"-i"hih "i me
| rtpitHl owned by him and of record lh
his name on ia" books Of tn" corporation
I M thu date of the election. ana ma.
/ ierity of stock present or r'pr'>'uI'p NhtI
/ lac sufficient To- elect. Vacancies in tn"
Board of Directors shall b" nll"d 10y l
from among the stockholders Of IN" cor
poration. Failure To elect directors ON
the day above specified shall not dIs~olN"
tho CORPORATION. hut ia" directors then. M
office shall remain in office until their sue
c,.~SOrs are duly elected and quallh"d. ilh'
notice of another election shall forthwith
ton shall be- held.
ARTICLE VI-This act of incorpora-
! ton may be changed. modified or altered.
or this corporation may h" dissolved and
lis business terminated. by the vote 81
/ three fuurthS Of the capital stock present
| or represented at n general meeting ot u
stockholders at the domicile of the cor
, poration convened for that purpose by ten
DAYS written notice given to each stock
holder at his last known address. and. III
ease of failure 10 designate an address. L.
> the General Delivery ut New Orleans. ana
in the event of dissolution. the affairs OF
, the corporation shall be liquidated 10y on
. or more commissioners elected at >ucl
> meeting by a like vote. and such hqulda
+ ton >hOll be- made under such regulations
B.. and instructions as may be adopted by tn
n stockholders. ANY change which may pro
b pose an increase in the capital stock shat
r he made in accordance with the laws A."
I Louisiana on the subject of altering tn
capital stock. and il may be increased upol
H. III. affirmative vote of twO-thirtS OF III
4 stockholders of the corporation.
Il ARTICLE NII.-No stakeholder of thi
a. corporation shall ever held liable or r.
y Spun>ihle for the contracts or faults there