The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-21
CHARTER.

tablish such bylaws. rules and regal
tions In the corporate name. not rrUpi
nant to the laws Of the State q, Loulsi7u
or other States. Territories or possession
of the United states or foreign cogntrit
in which they engage in business. or Il
charter OF this corporation, or the manage
men OF this corporations affairs. as Il
stockholders and Board of Directors "a
deem necessary and eXpediout.
ARTICLE V.-The capital stock OF tn
company shall BE- Forty Thousand DO
lars $40 OO0.OO), represented by fouT hu1
dred shares of stock Of the par value
One Hundred Dollars $1,000 per shar
The stock shall he paid foI % cash whe
subscribed for, or it may g." issued AZ No
less than par in payment for prorert
actually received
ARTICLE VI-This corporation shlt
begin business and be going concern q,
soon as Twenty Thousand Dollars tS2
900 OO) of stock shall have been subscribe
for. Said capital stock may be Increase
up to the sum Of Forty Thousand Dollar
in any manner provided for by the laws G
this State. and whenever an increase {
said capital stock shall have been al
thorized, fifteen days written notice sha
be given to each St0ckhOlde within whiC
time the present stockholders in the COLI
poration shall have the right to suhscrit
TO said increase Of stock in proportion
the number of shares of stock held I
them and which shares shall be paid tt
NJ SuOu lllilt anu III Sutn Ildui|E us u
Board OF Directors may direct. After Il
expiration OF the said subscription ar
payment. the Board of Directors may di
pose OF the shares not taken, for the be!
eft Of the corporation. in such manner {
they think proper, at not less than pa
ARTICLE VII.--All transfers OF stoI
shall be made on the books Of the cOrpO
alton by surrendering the certificate Their
of to the presiding officer, who shall wri
the word cancelled" prominently aero
| the face thereof and erase the President
signature therefrom before issuing a ne
certificate.
ARTICLE VIII.-At all elections by, {
meetings of. the stockh olders each sha
| shall be entitled to one vote, to be ca
| either by the person In whose name Il
| stock appears on the books of this co
poration at the time of voting, or /
| IN attorney holding said stakeholder
| written proxy.
| ARTICLE IX.-The business and co
porate affairs of this corporation sha
| be transacted by a Board of Directors {
not less than three directors, nor MOI
| than five Directors, to be composed /,
| stockholders thereof and they, and eac
| of them. shall be elected at a meeting I
| be held for that purpose. Any vacancit
| in the Board Of Directors so elected sha
| be filled by the said Board OF Director
Messrs. f. DespOrte, Jr., T. ]. Desport'
| Edgar Beale, whose postOffice addres
| shall be sos GOdchauX Building, New Or
| leans, La, shall constitute the first Boar
| of Directors, and shall hold office unit
first Monday in January, 1922, or unit
| their successors are elected and qualifie
and each subsequent board shall hay
| their seats Immediately following the I
| lection, or as soon thereafter as pract
| cable, and shall hold their office unit
| their successors shall have been electe
| and qualified The Directors hereinaboy
| named shall elect their own officers. Th
| stockholders may at any time appoiI
| the two additional directors provided 70
| In this charter to serve concurrently wit
| the other directors herein named.
| January Ind 1922, and Annually Their,
| after. an election for directors by Il
| stockholders shall be held at the Off
Of the corporation, after fifteen days M
tice thereof shall have been given by M
| tice mailed to each stakeholder at h
last known address. Every Board Of ID
| rectors shall, at its first meeting aft
its election, or as soon thereafter as pra
| ticable, elect from their own number
| President, Vice President, and a Trea
urer. The Board of Directors shall ali
elect a Secretary who may, or may nc
| be a member of the Board. The office
the Secretary and Treasurer may be fill
by one and the same person, at the di
erection Of the Board. A failure to ele
directors on the date above specified shs
not dissolve the corporation but the thu
existing Board Of Directors shall continl
/
Fifteen days prior nstice shall be Civ
In the manner hereinabove provided viii
| notice shall be full and complete mott
to all stockholders of such meeting. Al
? director shall have the right to be repl
scented at any meeting of the Board
Directors of this corporation, by an |
torney holding the Directors writ
| proxy. The majority of the members
said Board of Directors shall constitr
quorum for the transaction and ma
agement Of all business Of said corpol
, ton. They may make such bylaws, rul
and regulations as they think proper
| the transaction of the business and affai
. of said corporation
, ARTICLE X.-This act Of Incorporate
may be changed, modified or altered,
, | said corporation may be dissolved wi
the assent Of three-fourths of the amou
of stock present or represented at a
. general meeting of the stockholders
said corporation, convened for that pr
pose, after previous notice given In
, manner hereinabove set forth In Arti
". But any and all meetings of stoc
, holders, whether for purpose Of liquid
ton or for any other purpose, may
held at any time without notice, by una
imous consent of all stockholders filed
writing by the Secretary.
I. ARTICLE XI.-Ths President or aeti
President, may, In his discretion, a
shall upon written request Of one stoc
holder call a special meeting Of the stoc
| holders of this corporation.
ARTICLE XIL-No stakeholder sh,
. ever be liable for the contracts or faul
| Of this corporation in any further 81
: than the unpaid balance due the Compal
on the shares owned by or subserfoed I
by him; nor shall any informalirS In I
organization have the effect OF renderii
this charter null or OF exposing the stoc
holders to any liability.
II ARTICLE XIII.-Whenever this corpo
alton is dissolved, either by limitation
, from any other cause, its affairs shall
liquidated under the superintendency
three stockholders. to be chosen for n
| purpose by -fourths In amount
, the stockholders present or represented
. general meeting Of the stockholders
| which the election Is held. Said co
: missioners shall remain In office until {
, affairs of said corporation shall have De
fully liquidated. In case OF the death
| one of the commissioners, or refusal
inability to act. the remaining comm
. sioners shall continue to act, and sn
: select another stakeholder in the pli
1 and stead Of the commissioner VINO y
, ceased to act.
original subscription Hist, the subscrib,
hereto having set opposite their respect
names the number Of shares Of stock
. which they have subscribed.
Thus done and passed In my office
! the City Of New Orleans, aforesaid,
. the day, month and year first above WI
q | ten In the presence Of Louis Goldman
: L. Walter Cockfeld competent witness
. residing In this parish, who hereunto 81
their names with the sale appearers a
me, Notary, OTTER due reading OF the wht
II WITNESSES: Louis Goldman, l.. W
: ter Cockfield.
|. (SIGNED) E. Desporte, Jr., so shar
!. Thee. J. Desporte, 50 shares, Edgar Bes
= 2 shares.
JNO. c. O'CoNN0R,
Notary Pub
], l. the UNDERMINED Recorder Of Nc