The herald. [volume] (New Orleans, La.) 1905-1953, 1921-04-28
CHARTER

hooks of the CORPORATION, an affidavit as to
| the amount truly paid for the stock and
/ facts showing the entire bona hdes Oh the
| transaction.
| The shares of stock of this corporation
| shall be transferable only upon the books
| of the corporation, and no transfer of any
stock shall be binding or have any eli
| effect, upon the corporation, unless, ana
until, made upon Its books; and prior
! lien on all shares of stock shall be re-
! tanned by this corporation on the STOCK
| OF any shareholder for any Indebtedness.
secured or unsecured, however. evidenced
or created. due at any time to the cor
pOratiOn by the holder of the stock, and
| no transfer of stock shall be- made IN con
traVentiOn of these conditions.
ARTICLE V.-The corporate powers of
this corporation shall be vested III ana
exercised by, Board of Directors, con-
| sisting of three stockholders, and two
members of the Board shall constitute
quorum for the transaction of business.
The first Board of Directors shall be
composed of William Sterling Flynt,
Eunice Louise Flynt and Walter Freeman
| Riggs, whose pOstOfiice address is New Or
| leans, Louisiana. William Sterling Flynt
shall be the President of the corpora
ton; Eunice Louise Flynt the Nice-Presi-
| dent, and Walter Freeman Riggs the See
| Rotary and Treasurer, all of whom shall
serve until the first annual election of of
| ficers, as hereinafter set forth, or until
their successors are elected and qualified.
The first annual meeting for the cleo
| ton of officers of the corporation, who
shall be IA President, Vice President, and
Secretary and Treasurer, which last office
] shall be combined in one person, shall be
held on the second Tuesday of, April.
1922, and on the second Tuesday of April
of each year thereafter, unless such day
should be holiday, or half holiday when
the meeting shall be held on the next
\, succeeding day, not a holiday or half
7 Ecliday. All ssuch elections shall be by
| ballot. and held under the supervision of
two commissioners to be appointed by
! the Board of Directors. For all elections
of Directors by the stockholders, at least
| fifteen days notice shall be given to each
stakeholder by written notice served per
sonally on the stakeholder or mailed to
him at his last known place of residence,
as shown by the books of the corpora
J ton. Each stakeholder, of record as
such on the books of the corporation, shall
| be entitled 10 cast one vote for each
2 share of stock held by him in all cases
p, in which stockholders may vote, and such
vote may be east in person or by proxy
in writing. which shall be filed with the
Secretary.
I Immediately upon their election, the
! Board OF Directors shall elect from their
! number the officers of the corporation. \
failure. however. to hold an election OF
any character, called for by this charter
2 shall not invalidate this charter or affect
the existence of the corporation, but the
persons in office shall so remain until
4 an election Is held and successors in Of
: nee qualified. The Board of Directors
I, shall have authority at any time to ap
point an notwithstanding. or Assistant
y Treasurer. or both, who shall be clothed
2 with such functions as the Board of Iii
| rectOrs may determine. Such Assistant
: Secretary or Assistant Treasurer shall
| not, however, be a member of the Board
of Directors. and need not be stock
| holder of the corporation.
All vacancies occurring on the Board O
| Directors between elections shall be fillpC
by the remaining Directors for the un
expired term of said Board: and any hi
rector shall be entitled to appoint b,
/ written proxy, to be filled with the Secre
;. tary. another Director or stakeholder Z
I act for him as Director, when such Direc
II tor cannot himself act.
: All employees of the corporation shall
hold their positions subject to the BoarC
l, of Directors
The Board of Directors shall be entitle,
to draft bylaws, rules, and regulation
for the corporation and the transfer o
stock, not inconsistent with the provision
of thie charter or any provisions of law
provided the stockholders may them
selves amend. modify. or change any by
laws regulating the stockholders meet
ings.
Any Director may at any time be r.
moved by a vote of the stockholders am
such removal shall ipso factO vacate tn
= office such Director may have held an
n ! terminate any emoluments of the Office
- Upon such removal, the Board of Direc
- tors shall be entitled to fill the vacancy
u unless the stockholders should themSelve
- elect to do so at the time of making a re
= mOval.
Wv npneNPr THIS tOrpOrl
p tion shall be dissolved, whether by eS
r piration of its charter, or otherwise, tw
al liquidating commissioners shall be electe
p by the shareholders to wind up the al
IN OF The death Of ' one Of these liauidatin
r commissioners, or of the inability of on
p to act, the other chall continue in offic
ps alone, unless the stockholders shall see ii
ld 10 elect successor to I'LL the place of tn
pr ineapacitated, or deceased, liquidator TIL
et meeting to elect such successor shall b
called IN the same provided for III
-, meetings for the election of Directors G
VI the Corporation.
m Thus done and passed, at my Office
~ the City of New Orleans State of Loui,
of lana, on the day, month and year fir,
81 above written, in the presence of Lou
re Albert Murphy and Fernand +. Teissie
d. ing in this Parish. competent person
ne who hereunto sign their names with III
? appearers and me, Notary, after due read
Al ing of the whole
at ORIGINAL SIGNED:
b. William Sterling Flynt, 2sO5 Carondel,
&c Street, 80 shares; Walter Freeman Rigg
Z 1915 Baronne Street. 40 shares; Euni,
to Louise Flynt. 2sO5 Carondelet Street :
l. shares; Mabel Eleanor Riggs, 1916 b
of Witnesses: Louis Albert Murphy, f.
I'd Teissier.
u wM. ]. FoRMENTo,
10 Notary Public.
IS, l. the undersigned. Recorder of Nor
IS cages in and for the Parish of OrIean
e State of Louisiana, do hereby certify tn;
Is the above and foregoing Act of Incorpor;
I'd ton of the Flynt Varnish Works, Inc
ne was this day duly recorded in my offic
IS in Book 1858, folio 3S3. New Orleans, Apr
lie 11th 1921.
(SIGNED) ROBT. SCOTT
r. by. Rec.
r true copy from the original
ms WM. J. FORMENTO,
ed Notary Public
IN, April 21-May &c.
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