The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-08
CHARTER.

ARTICLE Iv-Thc capital stock Of this
corporation is fixed at the sum uf one
/ hundred and fifty thousand lSlJumh,
! dollars. represented by one thousand hve
hundred U.IOob shares of the rar value of
one hundred dollars ClOoUU each. The
said stock shall be issued fun paid
stock for the purchase of the property
hcrriuHhUyc described, as more fully shown
10y the itcmiZcd statement annexed here
TO.
ARTICLE V'AU the corporate powers
Of said corporation shall hc vested in and
exercised 10y board Of directors, CONF
posed of four stockholders. to be elected
annually on the FIRST Monday Of May. The
first election to be held in IA" year 1927
Each share of stock shall be entitled to
one vote. to be- cast by the owners in per
son, or by written proxy. The directors
thus elected shall serve and continue in
office until their Successors shall have been
elected and qualified. Vacancies occurring
in said board. from any cause whatever
shall hc filled by the remaining directors
At all meetings of the board OF directors,
majority of the directors shall he ncccS-
sary and sufficient to constitute quorum
for the transaction or business. The act
of not less than three directors pres
cnt at any meeting at which there is
a quorum shall be The act or the board of
directors, except aS may be Otherwise
specifically provided 10y statute or by this
charter The board of directors, by the
affirmative vote of all of the directors.
! shall make ali bylaws. rules and rcGula-
!
and affairs of the company, and by like
vote may alter, amend and change the
| same at pleasure. They shall also have
| full power to buy, sell, mortgage and
pledge any and all property, real and per-
sonal, whenever, in their Judgment they
| may deem such acts necessary and proper;
! hire, employ and discharge all officers,
| agents. employees and clerks, aud TO fix
| all salaries and compensation, and gener-
| ally to do all things necessary In the
transaction of the business and affairs of
the company.
And the board of directors shall have
full authority to carry out the powers
granted herein, without recourse to any
vote or grant of power by the stock
| holders, and shall have like full power
| and authority to buy and to sell and TO
| receive In pledge and to hypOthecate the
| shares of the capital stock of any other
| corporation created for like purpose with
| this corporation; to issue bonds upon such
conditions, interest and time of maturity
as they may deem proper, and to pledge
| or mortgage any property of the corpora
| ton to secure the payment of such bonds.
ARTICLE VI-This corporation shall
| commence its operations and be n going
| concern as soon as IL acquires the proper
| ty hereinabOve specially referred TO, and
| the following named persons shall con-
stitute the first board Of directors Of said
company, and shall serve as such until the
| first Monday In May, 1922, and until their
| successors shah have been elected and
qualified, to-wit: Joseph A. BissO, Alex
ander l.. BissO. William 4. BissO, and
Joseph W. Tyler; Joseph A. Bisso shall
be president and general manager; Alex
ander l.. BiSso, vice president; William A.
BissO, treasurer, and Joseph W. Tyler,
secretary. The power and duties of said
officers shall be set forth in the bylaws
of this company.
ARTICLE VII-This act or incorpOra-
ton may be changed, modified or altered,
or said corporation may be dissolved with
the consent of the holders and owners Of
K. convened
for that purpose, after thirty days pre-
yiOus notice shall have been given by ad-
yertisement in one of the daily newspapers
published in the City Of New Orleans.
ARTICLE VIII-whenever this corpora
| ton is dissolved, either by limitation or
| for any other cause, it's affairs shall be
| liquidated by three liquidatOrs appointed
! from amongst the stockholders at gen
eral meeting Of stockholders convened for
that purpose, Of which meeting thirty days
| previous notice shall be given I'm one OF
| the daily newspapers published in the City
| OF New Orleans and majority in amount
of the capital stock shall be required 70
elect. Said commissioners shall have all
| the rights and authority usually conferred
upon such persons by law and remain in
| office until the affairs of said corporation
| shall have been fully liquidated and set
! tied and In the event of the death Of one
| or more of said commissioners the re-
| naming commissioner or commissioners
| shall continue to liquidate and fully settle
/ the affairs of this company.
! ARTICLE IX-No stakeholder shall ever
| be held liable or responsible for any Of
| the contracts or faults Of the said corpora
| uOn in any further sum than the unpaid
| balance due on the shares Of stock sub
! scribed for by him, nor shall any mere
/ informality In the organization have the
effect of rendering this charter null. nor
| OF exposing any stakeholder to any liabill-
| ~ beyond the amount due on the stock
subscribed for by him.
Thus done and passed, in my office. at
| the City Of New Orleans, on the day
/ month and year first above written in the
| presence of Ruth NJ. Seller and Amanda
| Z. Stechmann, competent witnesses who
! have hereuntO signed their names with the
| said appearers and me, notary, after read
| ing the whole.
Witnesses: Ruth NJ Seller, Amanda c.
/, Stechmann.
Joseph A. Bisso, Ill Walnut St.. New Or
! leans, La, 700 shares; W. n Bisso, 123
Walnut St, New Orleans, La. coo shares;
Alex. l.. Bisso, 2iO Audubon ST. New Or
leans La, $50 shares; J. W. Tyler. 1927
Magazine St., New Orleans La, 80 shares
A. A. MORENO.
Notary Public.
August 18th, 1921, A. ID.
Sent I-Oct