The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-05
CHARTER.

enumerated or incidental TO the powers
herein named or which shall at any time
appear conducive or "Xpedient 10 the
nrGtrctiou or benefit of the corporation,
either as holders of, or Interested IN any
property or otherwise. with all the powers
now or hereafter conferred by the laws "i
the State of Louisiana upon corporations
organized under the laws of TINS state.
Article ". The authorized capitm stock
! of This CORPORATION i hereby declared 10
be the sum of Five Thousand iS1OOO!Ool
( Dollars which capital stock may De IN
! '.ranSad in the manner provided by law.
/ 10 the sum of One Hundred Thousand
/ $500. 100000 Dollars. The presently au-
/ thoriZcd capital stock Of this corporation
/ shall be represented by FftE IJV) ShdIts
/ of the par value of one Hundred tSlVoVpl
/ Dollars each. The said capital STOCK shAh
be fully paid and Worcestershire "h'H
/ issued shall be represented bE crrllICdl'S
/ and shall be personal property No tram
/ fer of said capital stock shall be blhdlh-
upon this corporation unless made in ar-
/ cordance with this charter ana p!l'"N
and recorded on the books taercot'
| Article V The business and affairs of
! this corporation shall be managed ana an
the corporate powers shall be vested III
! and exercised by board Oh thr"" ''l
/ directors to be elected from among the
/ stockholders, a majority of whom either
| present in person or represented u!
proxy, shall constitute quorum
The said Board shall elect from among
| their number a President, VICE PRESIDENT
I a Secretary and "A Treasurer. The Office
| of Treasurer may be combined with that
of any other office. The Secretary need
not necessarily be a member OF the boaru
of Directors.
Tn. Hoard of Directors shall have full
and complete control of the property "l
the company. and they shall conduct man
J age and use the same as IN their ulScrc
ton they may deem best, If not lncOnsl>t-
ent with the objects of the company ana
| . welfare of The Sald bOdru Ol
| Directors shall have the further power To
make, alter and annul such bylaws, rules
and regulations for the government OF the
| corporation as they may thlhk proper
| They shall appoint all agents. clerks OF
r employees nix their salaries and compch.
sation. with term of office, with the rlSnt
To- TO dismiss them at pleasure; ana the sald
5 Board shall have the further right TO hT
and determine the salaries OF the several
. officers herein provided Tor.
ANY vacancy occurring in the Board OF
J | Directors, either by death, resignation oil
4 otherwise. shall be filled by the remain
= ing members of said Board for the un,
z expired term, ut any meeting oil SAID
= Board of Directors.
Article VI. The first Board of Directors
a shall be composed OF ~ II. SteDDlhs, Mhos'
y | postoffice address is 142S East 69th ST.
| Chicago, Illinois; W. J. Henderson, whos'
|, J pOstoffice address is No. $40 Howard ave
), New Orleans La; and Jos. y. SteDDlhs
a ! whose pOstOftce address is No. olo HOW
u ard ave New Orleans, La, with the fol
y lowing officers, who shall serve until Tn
q first annual meeting OF this corporation, Il
~ hereinafter set forth, and until their sue
;;e cessors shall have been duly elected, quail
! fed and installed Jos. y. Stebbins, Presl
:, dent; c. NJ. Mcmillan, Vice President; W
's J. Henderson, Secretary and y. IL. Steb
N bins, Treasurer.
- Said Board of Directors shall serve unit
: | the first meeting of the stockholders 10
20 the election of Directors, or until thel
successors are duly elected, qualified an
> ! installed.
* Article VII On the first Tuesday
nd February, 1921, and annually thereafter o
IN the first Tuesday in February of each yea
he meeting of the stockholders of the col
81 pOration shall be held at ITS domlclle ls
of the purpose of electing Directors Tor q
" ensuing year. and at such meeting u
. stockholders shall have the right OF cum
We Iative voting in the election of Director
vi and at said meeting said stockholde
or shall elect said Directors. A failure Il
ell any cause whatsoever to hold the annu
~ | meeting of the stockholders, or the fallu
vi to elect Directors thereat shall not dissol
the corporation. but the directors al
he officers then in office shall remain
ire office until their successors shall ha
ire been duly elected, qualified and Installed
Article VIII. This charter may
9TH amended and the capital stock OF this &C
m poration may be increased or decreas
Ide or this corporation may be dissolved
to the method and manner provided by la
cal Article IN. No stakeholder of this &c
'eL poration shall ever be held liable or
Oh | sponsible for the contracts or faults
ltI this corporation in any further sum Tn
IhE the unpaid balance of stock for which
"a! has subscribed, nor shall any mere
up formality in organization have the eft
en- of rendering this charter null or OF
hE' posing stockholders to any liability oil
1871 than as above provided.
Thus done and passed in my office
dc- the City of New Orleans, Louisiana,
OF the day, month and year first hereinab'
' sn written, in the presence OF Edward
rles Szabary and Roberts c. Milling, compet
en- witnesses, who hereunto sign their nan
ny with said appearers and me, Notary, af
or due reading of the whole.
in Name, POstoffice address and number
OF shares subscribed: j. n. Stebbns,
ac Howard ave-, New Orleans, La, 4 shar
MP | A. Ii. Stebbins, per J. n. Stebbins,
ven East Goth ST., Chicago, Illinois, 20 shar
ahu w. j. Henderson, Sl6 Howard ave,
pt Orleans, La, 1 share.
ne Witnesses: Il. l.. SZabary, II. 4. MILL
iret r.. III. Saal. Notary Public.
ins l. the undersigned Recorder OF Nc
anu AM, | cages, in and for the Parish OF Orlea
sen State of Louisiana, do hereby certify I
Ienl the above and foregoing Act of lncorp
OF | alton. of The Stebbins Co., Inc, was
stiL day duly recorded in my office, in Il,
sltn 1912 folio 6iS, New Orleans, July =
'm 1920 (Signed) Emile j. Leonard,
Rec. A true copy. New Orleans,
emit August 3rd, 1920. K. ii. Saal, Notary L
hals lie.
the Aug. 5-Sept. o.