The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-07
ORLEANS, LOUISIANA
CHARTER.

Negotiable Instruments; to name ss ssioe ap
point such managers, olrec'os, The an
terestI and convenience of said corpors'ion
NAV REQUIRE or demand; to make anu sa.
tablish such bylaws, rules anu ~ or
tons for the management anu evnu -
sc business and affairs as may De oeem
"a nScessarv or expedient, and the same
~ change and alter at pleasure, anu ~
do ali acts and things necessary AN.
proper to carry out the opJec's anu P
poses Of said corporation
ARTICLE 1.-The domicf'e OF sao ni
corporation is hereby fixed IN ,ne hnt II
New orleans, state Of Louisiana, Du. n ~
nav establish and maintain offices IN any
~ the States of the United Ststes, u
Federal Districts and IN Iore isn., nro-
tries. All citation and other Lgat pa
cess shall be served on the president, anu;
az HE absence. on the vice-president OF
lid corporation. In the absence VI VA
president and vice-presideht, t , socra
process shall be served upon 'ne
tary of said corporation.
ARTICLE III.-The objects ana pur
nosas FOR which this corporation is OF
psnized and the nature OF the business "
10 carried ON by IT, are hereby deciaret
to be: To audit, examine anu iep ",ai
upon books of account: 10 mahe of &C.
Counting: TO act as tax counseiiers' an"
m engage in the general practice OF pun
lie accounting and auditing, ana generan n
to do and engage IN any c 9u with
lowing ont of or incidental TO the pur
poses hereinabove set forth.
ARTICLE Iv.-The capital stock OF
| said corporation is hereby fixed az une
sum of five thousand tSo,W9VV, uo, f;ftv
| divided into and represented Dy Inay
49, Of the par value of one hundred
dollars each, which stock shall pc pam
Co. in cash at such times ana IN sucn
amounts as may be Determined up9 an, "a
I M n
ar NOT less than par for property pur,
| chased by or for services actually rehoereH
| to the corporation. All shares Vi ss s.L@
| shall be full paid and nor. asssssaaHI = :
nnon said corporation unless made upon
| the books of the corporation. ana All eei
tif;cates of stock shall be signed by suen
| officers as may be designated ny 'he
Board of Directors.
| No stakeholder shall sell or In any
manner dispose of his stock In said cor.
| poratton. without having first olIer . u
! the same to the corporation In M.il.ns
| through it's Board OF directors, anu ~.
said Board Of Directors snan M. nav s,o ent
| so offered within thirty days, a. tne p Ts,
| yalue thereof properly ascertained. Inc
| said corporation shall at once Deconnt
and be going concern ana shaiI i,,in neu;
/ ately commence business. The sara capi
tal stock may be increased from time .
time TO any amount no, exceeding tei
| thousand dollars-such increases 10 "
made as provided by Jaw.
ARTICLE v.-An the corporate power,
of said corporation shall be vested IN, ane
| the management and control OF It's az
| fairs shall be exercised by Board OF III
rectors composed of not less than tnree
nor more than five stockholders. Fac
director shall own at least one snare o
| stock and shall be elected annually, %!
the stockholders, by ballot, on the sec
ond Saturday of January, OF eacn year
the first election to be held In 1922.
Written notice Of each election, deliver
to each stakeholder. addressed to him a
his last known place of residence a
shown on the books Of the corporation
said notice to be given at least ii1teel
, tions shall be held under such rules an
regulations as may be fixed by the Boar
: of Directors; provided that each stocS
holder shall be entitled, in person or b
4, of stock owned by him. and that ma
, iority Of such votes cast at each eiectio
: shall elect the Board. VS.
The directors thus elected shall cor
tinue in office for one year. or until thei
successors shall have been duly electe
: and qualified. In case Of any failure I
2 hold an election as above provided, sue
failure shall not forfeit this charter, bu
! an election shall be held as soon as ma
5 be practicable after notice as above pro
| vided.
Each Board of Directors, at its frs
meeting after each election shall elet
from its number a president and VIC
2 president, and shall also elect secretar
4 and a treasurer, who may be members
: the board or not, as the directors see III
{ and both of said offices may be held b
T one and the same person, as Secretar
and Treasurer. as may be determined b
the Board. Said Board shall hkewis
elect the additional member or member
/; I'm case they should determine to increas
the number of the Board Of Directors Q
: above provided.
h A majority Of the directors shall col
e stitute a quorum for the transaction
1 all business, and any vacancy occurrin
. on said Board shall be filled by the r
naming directors for the unexpired tern
The said Board, or sucn officer or maj
ager as 1t may designate, shall appoiI
r such officers, managers. clerks and 9th,
e employees Of said corporation as may !
e necessary for its business and shall ci
S miss the same: and the tenure of offit
. and employment of all OFFICERS, manager
e clerks and employees shall be during Il
Q pleasure Of said Beard.
The said Board shall have the right an
!, power to buy, sell. improve, lease. borro
u money, issue bonds and execute NOR
! cages. and, in general, to exercise all Il
' powers of the corporation. as well as
Z carry out it's objects and purposes
y without reference to or authorization I
! stockholders. From time to time sa
Board may adopt rules, regulations, ar
% bylaws for the management and contr
3 of the business and affairs Of said CO
, poration. and. in its discretion, may a
N null, change and modify the same.
n ARTICLE VINO subscriber hereto
r. stakeholder of the corporation shall ev
r be held liable or responsible for the CO
70 tracts, faults or debts Of said corporation
e nor shall any mere informality in Z
organization have the effect Of renderiI
Is this charter null, or Of exposing any su
= scriber or stakeholder to any liability
IN yond the unpaid balance. II any, due
Is the shares subscribed for or owned
4 him.
a, ARTICLE vII.-This act Of incorpor
TO ton may be changed, modified, or alte
~ ed, or said corporation may be dissolve
20 with the assent of the holders Of tw
= thirds Of the stock of the corporate
IN whose owners are present and represent
. at general meeting Of the holders
10 stock, after at least thirty days WRIT
notice of such meeting has been given
provided in Article v of this charter.
Any change proposed or made in ref,
ence to the capital stock or objects a
purposes Of this corporation shall
made in accordance with the laws of {