The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTERS,

~. or all Of the holdings under para
graph (2). par"
"a. All certificates of stock shall bea,
| a Drief reference to the rights herein es
tablished In the favor of the stockholders
ARTICLE VAN the corporate power
OF this corporation and the management
and control Of its affairs shall be vested
IN, ana exercised by Board Of Director,
composed or three stockholders, a majority
| or which shall constitute a quorum fol
the transaction of all business The Di
rectors shall be elected annually by tn,
stocknolders, at meeting to be held OF
the nrst Monday after the first Sunday
| OF each year in the month of January
sald meeting to be preceded by three days
written notice to the stockholders Each
stockholder shall be entitled, In person
or Dy proxy, to vote for every share
owned by him, and all elections shall be
held under such rules and regulations as
may be determined by the Board of hi
rectors. The Directors, when elected, shall
continue in office for one year, and un-
I'll their successors have been duly elected
and have qualified. No failure to elect
shall operate the forfeiture Of this char
| ter. Any vacancy occurring on this Board
| shall be filled by the remaining Directors
Tor the uneXpired terms. The Board OF
directors shall. at its first meeting after
its election, select out of its number, a
President, and enc or more yice-Presi-
dents, and shall also elect a Secretary
Treasurer, who need not, however, be a
SnAII
have the right to appoint and dismiss the
clerks, and other employees of said cor
poratlon at pleasure, and as the interest
and business of the same may demand.
lie may exercise this authority by proxy.
Any Director being sick or absent or about
TO absent himself shall have the fight to
appoint by written instrument another
Director or stockholders to act as his
proxy In his stead. at any and all meet
1ngs Of the said Board of Directors dur
absence HrSt of
rectors OF this corporation shall be COM
posed of the following named persons,
who shall serve until the election to be
held In 1920, namely: f. b. Thriffiley.
ley, New Orleans, La, 10 shares; j. II.
Brandner, New Orleans, La, 1 share
ARTICLE VI-The funds of this cor
poration shall be deposited from time to
time in bank or banks to be selected by
the Board of Directors. All checks, notes
or other instruments drawn, executed or
issued, IN the corporations name and be-
half, shall be signed by the President and
the Vice-President, or the Secretary Treas
urer. No officer shall thus sign or in
dorse the name of the corporation save
strictly in its concern.
ARTICLE Vino stakeholder shall be
held liable or responsible for contracts,
faults or debts of the corporation, nor
shall any mere informality in its organi-
cation have the effect of rendering this
charter null, or of exposing any stock
holder to liability beyond the unpaid bal
ance due on the shares owned by him.
ARTICLE VIII.-This act of incorpora-
ton may be changed, modified, or alterer,
or this corporation may be dissolved, with
the consent of the stockholders owning
ree-fourths of all the stock Of this cor
poration, at a general meeting convened
for that purpose, and after at least three
days written notice of this meeting shall
have been given through mail addressed
to each stakeholder at his last known place
of residence. In case of dissolution by the
expiration of this charter, or otherwise,
the stockholders shall elect a liquidatOr
from among their own number, who shall
have full authority to settle and wind up
the business and affairs of the company.
The terms and conditions of, and the
compensation for such services, shall be
fixed at the time of election. In case of
the death or disability of said commits
sioner or llquidator before the liquidation
of the affairs of the corporation, the sue
cessor to NIL the vacancy may be appoint
ed by the stockholders.
ARTICLE IX.-Any and all notices and
delays provided for by this charter may
be waived by the unanimous consent of
the stockholders unless prohibited by law.
ARTICLE X.-The names and postof
flee addresses of the subscribers to the
capital stock of this corporation, and the
number of shares subscribed by each of
F. b. Triffiley, New Orleans, La, $50
shares; W. II. Cowley, New Orleans, La,
10 shares; j. T. Brandner, New Orleans.
La, / share.
The above named F. B. Triffiley, in
consideration of the shares Of stock sub
scribed to by him, hereby agrees to sell,
transfer, assign and deliver to the Herbert
May Company, Inc, all of his right, title
and interest in and to the Schooner Herb.
ert May" and has this day executed bill
of sale of said vessel in favor of the said
corporation. The above named named
Cowley and Brandner hereby agree to pay
for the 20 shares Of stock subscribed by
them the sum Of one hundred dollars cash
per share.
The Schooner Herbert May" which has
been offered by the said Frank Il. Thrift
filey in payment of the stock subscribed,
is valued at the sum Of forty thous-
and, eight hundred ($49SOO.)) dollars, and
is owned by F. b. Triffiley.
Thus done and signed in my notarial
office, at the City of New Orleans, afore-
said, in the presence Of N0elie Dubourg
and Alma Bertus, competent witnesses OF
hereunto subscribe their names together
with said parties and me. Notary, on the
day and date set forth In the caption here
Of
Original Signed)
F. B. THRIFFILEY,
N. O., La., 40 Shares.
W. II. COWLEY,
N. o., La, 10 Shares.
J. T. BRANDNER,
n. o., La, l Share.
Witnesses:
Noelie Dubourg,
Alma Bertus.
HENRY P. DART, JR.,
Notary Public.
hereby certify that the above and fore
going is a true and correct copy OF the
original on file in my office.
HENRY p. DART, JR..
Notary Public.
State of Louisiana, Parish Of Orleans,
becore me, the undersigned authority, per-
sonally came and appeared w. III. Cowley
and ]. T. Brandner, who being duly sworn,
depose and say: That fifty per cent (5O)
Of the capital stock of this corporation has
been subscribed, according to law.
W. III. COWLEY.
J. T. BRANDNER.
Sworn to and subscribed before me, this
End day of December, 1919.
HENRY p. DART, JR..
Notary Public.
Dec. 1S-Jan. %.
CHARTER OF O. X. STORAGE 4 TRANS
FER CO., INC.