The herald., 1920-08-12
CHARTER.

stock. at all elections Of Directors. or other
meetings of the stockholders, except upon
questions relating to the liquidation or dis
solution of this Corporation, in which case
the preferred stock shall have a like voting
power as the common stock, that is, one
vote for each share Of stock. No amend
ment TO the charter shall be passed which
shall impair the rights of the preferred
stockholders as hereinabOve provided.
Z. All shares of stock shall be trans
ferred only upon the books after surrender
of the outstanding certificates and pursu-
ant to such rules and regulations as may
be prescribed by the Board of Directors.
s. No stakeholder shall have the right
to sell or otherwise dispose of his common
stock in this Corporation to any person
other than a stakeholder thereof. without
| first offering Ii in writing for thirty 600
days through the Board of Directors to the
other holders of common stock at its book
value as determined by the last preceding
inventory.
0. This Corporation shall be a going
concern as soon as five hundred thousand
| $500, OO0.OO) dollars of the capital stock
shall have been subscribed for, which shall
be paid for either in cash, or property ac-
| tually received blythe Corporation in ac-
cordance with law; and in payment of all
or any portion of said stock this Corpora
ton is authorized to acquire and take over
Iany business or businesses through It's
Board of Directors, who shall have full
power and authority to issue all stock as
they shall determine.
ton may be increased 10 two million
(S2, O00,0O0) dollars, that is, the preferred
stock may be increased to five hundred
thousand $500. 900 O0) dollars, and the com.
mon stock may be increased to one million
five hundred thousand (Sl5OO,OOOJ dollars
| ARTICLE V.-All the powers of thi'
Corporation shall be vested in and eNer
cised by, and its business and affairs shall
be managed by a Board of Directors OF no
less than three 90 nor more than sever
ca Directors, each of whom shall own q
| .l,a ,fp 81 in
name. Said Directors shall be elected b,
the stockholders entitled to the votius
power at the annual meeting which shall
be held on the first Monday of June o
; each year. The first annual meeting shall
? be held on the first Monday of June. 1921
2 until which time the officers and director
named in this charter shall continue TO ac
5 and until their successors are elected an
! qualified. Should the stockholders elec
less than seven ca directors, the Director
: may elect the additional number up I
D seven ca.
.. All vacancies in the Board of Direc
4 tors shall be filled by the remaining III
r rectors ANY Director may BE- reprcSentr
b. at any meeting of the Board by any othe
e stakeholder by proxy.
o g. Immediately after, or as soon as pra'
T. ticable after their own election, the llre'
tors shall elect a Presidcnt-IreaSurer
T. Vice President and Secretary. and ma
: elect such other Nice-Presidents or otht
70 officers as they desire.
, 4. The office OF the Treasurer may
- any tlile ne ulScOUHttltu rum 'h'tt
President, and united to that of the Wee
( President or Secretary, or established :
a separate office.
! The failure TO hold the annual NEE
q ing TO elect Directors shall not affect III
" CORPORATION nor impair its management
!. any respect. but the Directors ana oItl'"I
shall continue in office until their sucte
\ sorS are elected. The Board of Director
= shall have the authority to determine u
extent of the power and fix the duties
all officers. =,
ID GERS of this Corporation and their pos
III office address are as follows. nj
ar Alfred j. KrOwer, Ill Exchange Pla'
\, New Orleans, La; Presldent rt "a TT
ri Mrs Rose l.. Krowcr, 1870 ~. Charl
OF Ave- New Orleans. La. Vice. President
of Myron NJ. Goldman. 2l3 Whitney-Centr
a Bldg, New Orleans. La, Secretary; -. :,
- 4 At all meetings of the Board OF i
III rectOrs the President shall have the riS
On to vote upon any and all matters that mn
q come before the meeting. and III addlti
d. shall have the deciding vote III case oil
in The Board of Directors may nal
It. amend or repeal all bylaws for the reg
" lation of the Corporation.
Is. ARTICLE VII. This act OF lncorp'
aS alton NAV be modified. changed or alter,
oil or said Corporation may be dissolved WI
'r- the assent of twO-thirdS e. ~ OF the ca
IS tai stock outstanding at meeting OF
K Stockholders convened for that purpo
ed and after Q5) days written notice has ht
~ delivered in person or given d! Icu
- mailed to the last KNOW IL dhui'SS " -
IN stockhOlder. The said notlce may
III waived by the unanimous consent Ol
stockholders. c,u.,,u,,;
ny Q The capital stock OF TINS Corpora.i
us may be Increased or reduced in accordaI
on with the provisions of the law III such ca
he made and provided. A., =,
-ty 2 In case of the dissolution OF the -
all poration its affairs shall be lquldateu
ra- one or more HuuidatOrs elected by II
be iority vote of the stockholders, with ST
ION mowers compensation and duties as
re- stockholders nv determine.
to- ARTICLE VII. No stockholder ST
vi ever be liable for the faults or contra
in of this Corporation in any further ;
mp than the unpaid balance due 10 the
vi marathon on the shares subscribed DE II
re nor shall any mere informallty nave
the effect of rendering this charter null or
exposing any stakeholder to any haDll
Dck beyond any unpaid balance due Oh
eN- stock. :, ,o,,o5
fits those articles of incorporation and to
the read in connection Herewith. an accur'
ok. detailed and itemized description OF
da- proDerty as to amount, location, eNt'
ent character and state of Improvement,
the gether with the statement OF It's value
the appraised by it's Directors. transferred
ut the Corporation in payment OF the
ted srriptions to the capital stock OF
re Corporation. - ,-.,.- no,
ion ARTICLE IX.-The subscribers mel
the have respectively written Opposite u
nd nomas the amount of stock subscribed
i've them in this Corporation, so that thlS
of INCORPORATION may also serve as
ion original subscription list of the CORP,
ID ton. and they have stated their postoi