The herald. [volume] (New Orleans, La.) 1905-1953, 1921-10-20
CHARTER.

first meeting of the stockholders, held after
the passing of this charter. and the direc
tors and officers so elected shall serve as
SUCH until the third Monday in January,
| 1923. or until their successors are duly
qualified and ,IeCtcd.
Absent directors may vote at any di-
re,tors meeting by written proxy to
another director given for that particular
meeting.
Meetings of the stockholders for the
election of directors shall be held yearly
on the third Monday i'm January, begin
ming with the year 1873, and the board
of directors shall have the right to elect.
without reference to stockholders meet
ing, any stakeholder to be a director.
whenever vacancy may exist on the
! board of directors, through death, TcSiGuI-
ton or inability to serve.
ARTICLE V-The corporate powers Of
| this corporation are expressed and set
| forth by section seven "a of Act 267 of
/ the year 1914. and shall be duly employed
! by and through the board of directors.
The board Of directors may, without
| reference to the stockholders, buy, sell and
mortgage real estate; buy, sell, mortgage
| or hypOthecate any part or the entirety Of
! the assets, business. rights or good Will of
! this corporation. all upon such terms, con
/ ditious, aud for such price, sums or as
! sets as the board of directors shall deter
| mine.
The duties of the several officers shall
/ be set forth in the bylaws; which will be
| adopted by the board of directors and
| amended or altered ut their will: and they
| shall have the right to employ, under con,
! tract or otherwise a general manager, who
may or may not be member of the board
Of directors, as said board of directors may
determine, and which said general man
aEcr shall have such duties as shall he de
tcrmined by the hoard of directors and the
several officers of this company may dele
gate to such general manager such duties
as are prescribed to their respective offices
! as they may Cesirc, ject, however, e
the approval of the board of directors.
ARTICLE VINO stockholder Of thi.
corporation shall ever be liable for any
debt Of the corporation other than the I'M
paid portion of their subscription to stock
and no infOrmality herein shall SubjeC
them TO such liability.
! ARTICLE VII-Amendment of this char
ter, or liquidation of the corporation shall
be subject to the rules laid down in AC
26I of the Louisiana Legislature of 1914
The capital stock of this corporation ma!
be increased by amendment Of this char
ter TO any amount not exceeding the sun
If one hundred thousand (SlOO,O 100000 dol
lars.
Thus done and signed on the day an,
date first hereinabOye mentioned, in tn
| City of New Orleans, in the presence o
| +. X. Harden and l.. X. Hoover, cOmpe
tent witnesses, and me, notary, after
due reading of the whole; the subscriber
setting opposite their names the amour
an original subscription list.
(Signed) +. G. Upton, 24l9 Milan st
| New Orleans, / share; q. \. Reynctitt,
202l Pine St. New Orleans, l share; l.. i
Elliott, 12O 5. COrtez St, New Orleans,
, share.
Witnesses; (Signed) T. Il. Harden, I
! Z. Hoover.
(Signedl WARREN V. MILLER.
Notary Public
! l. the undersigned Recorder of Mort
cages, in and for the Parish of Orlean:
State of Louisiana, do hereby certify tina
the above and foregoing Act of IncOrpora
ton, of the Industrial Adjustment Bureau
Inc, was this day duly recorded in N
Office in Book 1868. folio 1l3.
New Orleans, September 18th, 1921.
! (Signed) ROBT, SCOTT,
Deputy Recorder of Mortgage
\ true copy of the original on file in III
Office.
WARREN v MILLER.
Notary Public
Sent. 22-OCt o.