The herald., 1921-03-24
CHARTER.

BOARD of Directors shall remain in once
until their successors are duly eiecteu anu
qualified.
ARTICLE vI.-The Board Of Directors
shall hold regular meetings at such tinies
as shall be fixed in the bylaws OF TINS
cornoration but the President may can
special meetings OF the Board OF Dit Dit
tors at such times as he may deem aani eh
able and he shall be required 10 can sucn
special meetings at the request OF nleln
Der of the Board of Directors. Ihree ua!s
written notice of such special meeuhS
shall be given to the directors un hN tba
waiver of such notice Is signed by the
Directors. Any vacancy occurring In the
Board of Directors, either from deaih,
resignation or inability to serve, shalI De
filed by the remaining alr cS Hocs an shall
have occurred. The first Board OF Dlrec,
tors of this corporation shau De requlIeu
to draft suitable bylaws for the govern
ment of the corporation, which may De
altered, amended or changed as the exlg
encies of the case may require.
ARTICLE yII.-The stock Of this cor
poration may be transferred. PROVIDED,
such transfers shall be recorded on tne
books of this corporation before II shail
be required to recognize the transfer UT
| the new holder of the stock.
ARTICLE yIII.-,The aPpearIesrss hereby he ny
declare that they have subscribed TO the
| following number of shares of the capital
stock of this corporation, to-wt:
John s. Waterman, Sr., No. 1866 Dufossat
ST New Orleans. La, nineteen hundred
| and ninety six 1896 shares; william wa
termann, 1907 Prytania St., New orieahs,
| La, Nineteen hundred and ninety EIGHT
| (199S) shares; John Waterman, Jr., NO.
/ 1929 Robert St., New Orleans. La, one ~
! share; Oran C. Barlilleau, No; Stone 81.
Trepagnier, No. 11I1 Prytania St. New Or
| leans, La. one ~ share; William T.. Mele'
| No 3715 n. Rampant St., New Orleans, La;
one % share: II. Chotard Eustis, NO. iooo
| one ID share; Richard A. Tonry. No. 243O
Cleveland Ave-, New Orleans La one
| "a share.
And the said subscriptions of John s.
| Waterman. ST., and William Waterman,
which together total the sum of three nun
! dred and ninety--nine thousand. four hun
dred, 1899 10000 dollars. or one hundred
and ninety nine thousand six hundred
$50 100000 dollars, or nineteen hundred
and ninety-six shares 10 john D water
man, ST. and one hundred and ninety
nine thousand. eight hundred (Sly9,SOO OO)
dollars. or nineteen hundred ana ninety
eight (199S) shares to William Waterman,
which shall be fully paid for ana settled
by them by the transfer OF all the prop
erty and effects now owned and belonging
to the commercial cO-partnership known
, as j. s. Waterman & Co., composed OF
John s. Waterman. Sr.. and William Wa
terman an accurate detailed and ltemlZed
statement and description of said prop
erty being hereto annexed TO be read in
connection herewith, and the said property
was duly appraised by the Board of Di-
rectors of this corporation at the sum OF
three hundred and ninety nine thousand
four hundred 1899 10000 dollars. The re-
: mainder of small subscriptions shall bt
paid for in cash.
In the event that any stakeholder de
: sires to sell his stock, or any part or por'
2 ton thereof, he shall first offer same tC
, the remaining stockholders, in proportion
to their respective holdings at its bool
value. This offer is to be made to appear
e by letter addressed to each stakeholder a
his last known address, giving thirty days
l option. At the expiration of which time
the stakeholder desiring to dispose of hi.
0 stock, shall be at liberty to sell at what
ever price and to whom he may please.
: ARTICLE IX-This charter may b,
modified or altered, the capital stockthere
of increased or decreased, or the cor
n poration may be dissolved with the assen
of two-thirds of the capital stock presen
= or represented at any special meeting o
! the stockholders held for that purpose
after prior notice in writing TO each stock
= holder, mailed to him at his last know
postOffice address, all in accordance witt
the terms of Act 26I of 1914.
!. ARTICLE Kat the expiration of thi
O charter, or the earlier dissolution of thi
a corporation for any cause, its affairs shall
N be Hquidated by one or more liquidator
A to be elected by the stockholders. all o
2 whom shall hold stock in this corporation
4 and said liquidators are hereby vested wit
5 full power and authority to liquidate tn
9 affairs of said corporation, with full pow
4 er to act under the terms of Section so o
. Act 267 of 1914
:, Thus done and passed at my es1ce i
: this City of New Orleans, Louisiana, o
h the day, month and year hereinabove frs
d written, in the presence of Nirma keena
IS and Edme Fortier, competent witnesses
e who hereunto sign their names, togethe
d with the said appearers and me- Notary
e and the said appearers have also set oil
l. posite their names the number of share
e subscribed by them, all after due reaC
d ing of the whole.
Is (ORIGINAL SIGNED):
70 J. S. Waterman, nineteen hundred an
n ninety-six 1896 shares; VIM. Waterman
g nineteen hundred and ninety Eight (199S
II shares; J. S. Waterman. Jr., by VIM. Wa
l. terman. one ID share; o. c. Barilleau, b
r. VIM. Waterman, one ~ share; Hy.
d Eustis, one ~ share ALBERT Trepagnie
n one ~ share; W; e. Mele. one ~ share
d r. A. Tonry, one ~ share.
Witnesses: Nirma keenan,, Edmee Fol
Is tier.
d Notary Public.
IT /. the undersigned. Recorder Of Nor
IS cages, in and for the Parish of Orleans
h State of Louisiana. do hereby certify ths
IS ton of the j. s. Waterman IL C0mpan!
D Inc, was this day duly recorded in m
Office in Book 1858, folio -, New Orleans
II March 10, 1921.
Of (sIGNED) ROBT. SCOTT.
q by. Recorde
!, A true copy.
q ]. r. UPTON,
,e Notary Public.
r March II to April 81