The herald. [volume] (New Orleans, La.) 1905-1953, 1920-10-21
CHARTER

directors for transaction Of business. Tn"
directors ~ this Corporation may Noi" IN
person or by written proxy. az any of the
meetings of the Board of Directors ana
tn, Board of Directors may dcl"Eai" any
of its powers to any officer or Officers. or
any other representative" Of the Company
by appropriate resolution to that effect
The first Board of Directors OF this cor
porItlou shall be- elected at IN" tlT>t
stockholders meeting. which Il hereby
set for the 2lSt day of September. 1870. II
New Orleans. oui~iaua, and tn" directors
50 elected shall serve until the fourth
Wednesday in December. 1920. or until
their SUCCESSORS are elected and qualified.
The directors Of this Corporation shall be"
elected annually 10y the stockholders. At e
meeting held On the fourth Wednesday Of
December each year thereafter. Notice Of
such meetings shall b" given fifteen days
prior 10 the date Of IN" meeting. In writ
ing. and sent 10 each St0ckholder At ms
last known address. Each StOckhOld"r
shall. al such annual meeting or other
meeting general or special. be entitled.
in person or proxy. To one vote for each
share Of stock owned by him. Elections
shall b. held under such rules and rrguld-
lions rs may from time 10 time hc de
trrmiucd by IN" Board OF Directors. The
directors. when elected, shall hold Office
for one year. or until their successors shall
have been elected and qualified. and fail
ur" 10 hold the annual meeting Of stock
holders or 10 elect annually the directors,
shall not operate the forfeiture OF this
charter or any rights hereunder. Any
vacancy occurring in IL" BOARD of Di-
rrctor> may be filled by the directors for
the uu"Npircd term.
ARTICLE VIII.-Thi> Charter or Act
of Incorporation may b" changed. mod
fled. altered or amended by and with the
consent OF TWO thirds Of all the stock pres
eut at any meeting. general or special. held
for that purpose, and such amendment
may he material or immat"rial. subject
only 10 limitations a. may be- by law pro
yidrd: and this Corporation shall have
the power 70 increase or decrease its cap
itai stock. a> hrrriUbrfUr,' set out. and any
increase III the capital stock in excess Of
the amount named herein Is the amount
10 which il may be- increased may b. made
by threr-fourth> Sot" Of all outstanding
stock.
ARTICLE IN.-Noti,r Of any and all
meetings referred to in this Charter or 70
quirrd by law shall b" given in the man
her provided in giving notices in case Of
elections, unless the sam" shall have been
waived. In case of the dissolution liuui-
dation or termination Of this Charter by
limitation or otherwise. the affairs of this
Corporation shalt be liquidated by one or
more HquidatOr> elected by the stock
holders. who may provide the number of
said HquidatOrS and vest them with such
power and authority rs may by law be
permitted. and fix the terms and condi-
tons upon which they shall serve. and
their compensation. and provide that in
cas-" of disability of any on" of said lqui-
datOrS the remaining iiquidatorS may fill
the vacancy or continue 10 act on behalf of
the Corporation.
ARTICLE Mo stakeholder Of this
Corporation shall be liable or responsible
for any costs. contracts. debts or faults
of this Company, or any of its officers. nor
shall any mere infOrmality in organization
have the effect of rendering this Charter
null and void, or Of exposing a stakeholder
To any liability beyond tn" unpaid balance
du" on tn" stock held by him.
ARTICLE NI.-The subscribers hereto
have written opposite their names the
number of shares subscribed to b. each
of them and their pOstOffiCe addresses so
that this Charter may Sery" as the >uO-
ScrIption list of the Corporation; all of
which subscriptions are payable in the
manner and fer inset out herein.
Thus done and passed. ut my office. IN
the City of New Orleans, Louisiana on
the day, month and year herein first above
written, in the presence of Morris T. Red
mann and NJ. l.. Alband, competent wit
neSSeS, who have hereuntO signed these
presents with the said apprarers and me.
Notary, after due reading of the whole.
Witnesses: Morris l.. Redmann. NJ T.
Alband.
thames Of subscribers OmittedD
HERMAN l.. BARNETT. Notary Public.
Recorded VI. q. Il. 1916, Folio -. Par
iSh of Orleans
true copy. tSealD
HERMAN l.. BARNETT. Notary Public.
Sept. 30 Nov. {.