The herald., 1920-04-29
CHARTERS.

CHARTERS.
plant TO exchange its cntirr capital stock,
or any part thereof. for stock which it
is hereby authorized To acquire, or 1" rA-
change its entire assets and business in
whole of in part, for money or stocks or
bonds or other obligations of other com
pani"S: and to do any and all such acts
and things may or shall he necessary
and proper to carry out the said above oh
jets and purposes
ARTICLE IV.-The capital stock of this
corporation is hereby fixed AZ Five Thou
sand tSJOOO.Ol Dollars. divided into fifty
too shares Of the par Nalu" of One Hun
bred tSlO0.0OJ Dollars per share The
amount of said stock may he increased TO
on" Hundred Thousand Dollars (SlOO.-
100000.
ARTICLE V.-AlI the powers of this
corporation shall Ice vested in and eN"r-
Ci>"d by n Board composed of three direc-
tors. said Board shall he elected an
nUally 10y ballot at a stockholders meet
ing called for that purpose on the third
Monday of January of each year tor the
next legal day if that day he holiday.
after du" notice to the stockholders by
mail AT least fifteen days before the date
of said meeting. Each holder of stock
shall he entitled to one vote for each share
of stock standing in his name on the
hooks of the corporation. said vote to be
east in person ar by proxy, and the mat
jorty of votes east shall elect. The
EOard of Directors shall have the power
To fill all vacancies which may occur or
in any manner arise or be created on the
Board. even though no quorum remain
at the time such vacancies ar" to be filled
Failure TO elect directors on the day above
specified shall not dissolve the corpora
lion. but the directors then in office shall
remain in office until their Successors are
elected and qualified. The Board shall
elect from their number Il President. Il
Vice President and a Secretary Trca Surrr:
provided that the Board may elect such
other officers (whO need not be members
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
tn" Board of Directors. any director alb
sent from the meeting may he represented
by any other director who may east the
vote of the absent director. The Board
of Directors shall have authority to make
and establish. well as alter and amend.
all bylaws. rules and regulations necrS-
>ary and proper for the support and man
agcmcnt OF the business and affairs of this
corporation and not inconsistent with
this 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 a general meeting of the stockhold-
erS for the election OF directors to be-
held i'll 1921, or until their duly qualified
successors are elected and installed, the
Board of Directors shall he composed of
the following: W. j. Walker, Post Office
Address 222l Napoleon Ave, New Orleans,
La: Frederick Morrison. Post office Ad
dress 213l Chestnut ST., New Orleans. La:
Horace Gumbel, Jr.. Post office Address
iI32 Carondelet St, New Orleans, La. OF
Frederick Morrison Vice President mad
Horace Gumbel Jr.. Secretary Treasure
ARTICLE NI.-ThiS act of incOrpOra-
ton may be changed, modified or amend
ed. or the corporation dissolved. by
vote of wO-thirds of the entire capital
stock present or represented at a general
meeting of the stockholders convened for
such purpose, after previous notice shall
have been given in the manner above re
quired TO be given of the annual meeting
of the corporation.
ARTICLE VILE this corporation shall
be dissolved. either by limitation or from
any other cause. its affairs snail he Ii
quidated by three commissioners To be
appointed ut the meeting of stockholders
convened for the purpose of liquidation,
and to be elected by the vote of all the
stockholders voting upon parity. Said
liquidatOrS shall remain in office until
the affairs of the corporation shall have
been fully settled and liquidated, and they
shall have full power and authority to
transfer and give title to all the property
butte the proceeds. In case of death. dis
ability or resignation of one or more
liquidatorS, the vacancy shall be filled by
the survivor or survivors.
ARTICLE yIII.-No stakeholder shall
ever be held liable or responsible for the
contracts or faults Of said corporation in
any further sum than the unpaid balance
Hp shares a IN
nor shall any mere infoTmality in orga-
niZatioH have the effect of rendering this
charter null or of exposing any stock
holder to any liability beyond the unpaid
balance due on his stock. In order that
this charter may serve as the original
subscription list, the subscribers hereto
have Indicated opposite their respective
signatures the number OF shares of stock
subscribed for by each Of them. All sub
Scriptions are to be paid for in cash at
the execution hereof.
Thus done and passed at my notariaI
office. in the City of New Orleans. State
of Louisiana. on the day, month and year
first hereinabOve written. in the presence
of Ralph Carroll and George Huff. COM
petent witnesses, who have hereuntO sub
scribed their names, together with me-
Notary. and the said appearers, after due
reading of the whole.
(Original Signed) W. J. Walker. as
shares). 2221 Napoleon Ave, New Orleans.
La; Fredr. Morrison q share), 273l
Chestnut ST.. New Orleans. La: Horace
Gumbel. Jr., q shareJ, 4432 Carondelet St,
New Orleans, La.
Witnesses: r. Carroll George Huff.
WATTS X. LEyERICH.
Notary Public.
I, the undersigned Recorder OF Mort
cages, in and for the Parish Of Orleans.
State Of Louisiana. do hereby certify that
Al -