The herald., 1921-10-27
CHARTER.


and either alone or in company with
others.
IN In general to carry Oh any other
business in connection Herewith, whether
manufacturing or otherwise. not contrary
70 the laws Of the State Of Louisiana, aud
with all the powers conferred upon cor
porations by the laws OF the state Of
Louisiana.
O) The foregoing clauses shall be con
strued both as objects and powers; and It
is hereby expressly provided that IN" fore
lyoinls enumeration of specific powers shall
not be held to limit or restrict in any man
ner the powers Of this corporation.
ARTICLE III-The amount of the CAPT
raj stock of this corporation i hereby
fixed at fifty thousand dollars iS"U.vOVOoi
represented by fifty thousand shares %
stock at the par value Of one dollar each.
said stock shall be paid for in cash, or
given. at par. in payment for proprrty
actually received by said corporation, and
for services performed for the company.
The shares of stock shall be transferable
only on the books of the corporation 2uu
must be signed by the president and the
secretary and no transfer of stock shall
lac binding or have any effect upon THIS
corporation, unless and until made upon
the books. No stakeholder shall be liable
for any further sum than the amount OF
his subscription, the capital stock of this
corporation may be increased TO two mil
lion. five hundred thousand dollars OF any
portion thereof.
ARTICLE IV-The domicle of this cor
poratiOn shall be in the City Of New Or
leans State of Louisiana. All citations or
other legal process shall be served on its
president or in his absence on the vice
president
ARTICLE V-ThiS corporation shall con
tinue to exist and enjoy life for period
of ninety nine years from the date hereof,
and shall enjoy all the rights. privileges,
NJ GRANTED nv law Gurl
corporations: they shall have the power
TO sue and be sued, use corporate seal,
the same to alter and amend at pleasure;
70 own and hold personal, real or mixed
property. to make notes. bonds, mort
cages. or other evidence of debt.
ARTICLE Wall corporate powers of
this corporation shall be vested in and eN-
erciSed by a board Of directors composed
of not less than three nor more than seven
stockholders. elected annually at a meeting
to be held on the second end Monday of
October of each year. majority of such
directors shall compose quorum for the
transaction of any business They shall
he elected by ballot at said annual meet
ing. either by proxy or in person. Notice
of said annual meeting to be given to each
stakeholder at least ten days prior to said
meeting. by publication in a daily news
paper of New Orleans. three times within
said ten days. Within a week after the
election of said board of directors, as
among their numbers, president, a vice
president and a secretary and a treasurer
or the last two offices of secretary and
treasurer, may be held by the same person
at the will of the board of directors. and
said board may appoint managers, clerks,
agents, employees as they see fit and regu-
-ls'e the salaries to be paid them. Al. On
hcers and members of the board of direc-
tors shall hold office for one year from
the date of their election, or until their
successors have hppD Only aiaGfad
qualified.
ARTICLE VII-The board of directors
shall have the power to appoint an execu-
tive committee to be composed of as many
members as they see fit, and to vest the
said executive committee with such mowers
and authority and duties as in the dis.
erection of said board may be proper for
the efficient conduct of the business of
this corporation.
ARTICLE VIII-The board of directors
shall have power to make and establish
as well as alter and amend all bylaws
rules and regulations necessary and proper
Tor the support and management Of the
aHalrs ana business of the corporation
ana not inconsistent with its charter The
BOARD shall have power, without referring
10 the stockholders, to borrow money, ex-
ecute mortgages, and issue notes pledges
bonds or other obligations in such amounts
ana on such terms as in their Judgment
may be advantageous, and generally to do
an thihSs reasonable. necessary
venient for the proper carrying on of the
business of the corporation; and they are
especially authorized to issue and deliver
iull paid shares of stock and bonds or
oohgatons OF the company in payment of
property acquired by said corporation
ARTICLE IX-The board of directors
snail have the power, by a vote of not less
than twO-thirds of all directors, to sell
all or any part of the property movable
or immovable. belonging to the corpora
Iloh' or to receive in exchange therefor
money or stocks or bonds or other obIjpo
tons of another individual firm or cor
pOratlon OF any character, without referr-
ing 10 the shareholders for power to do SO.
AT any meeting of the board of directors
ana director absent from the meeting may
be represented by any other director. who
may cast vote of said absent director ac-
cordlng TO the written instructions of said
absent director.
ARTICLE X-This act of incorporation
may be modified, changed or altered or
dlnen9ed, or this corporation may be dis
soiNed, IN the manner provided by law by
two-thirds vote Of the entire outstand-
capital stock present, or represented at a
general meeting of the stockholders con-
vened Tor such purpose after previous no.
.ice shail nave been given in the manner
above required to be given of the annual
meeting OF the corporation. The capital
s.och OF the corporation may be increased
or decreased by proceedings in accordance
win the laws of the State of Louisiana
ARTICLE XI-If this corporation shall
De dissolved, either by limitation or from
any other cause, its affairs shall be lioui-
uated by three commissioners to be an
pointed at meeting of stockholders con-
vened for the purpose of LIQUIDATION. and
TO De elected by a majority vote OF the
stockholders present, which liouidators
shal remain In office until the affairs OF
said corporation shall have been fully
settied and liquidated, and they shall have
run power and authority to transfer and
give title to all the property and assets of |
tne corporation, and to distribute the pro-
ceeds. In case of DEATH disability or re- |
sis nation or one or more liquidators, the |
vacancy shall be filed by the survivor or |
VI
Ihus done and passed in nv office at |
the city OF New Orleans, Louisiana. on the |
ua!, month and year first above written. |
Ia IN the presence of Theresa SWEET and |
Emma Cornay, competent witnesses who
nave hereunto subscribed their names
tosether with me, notary, and said an.
pearers, after due reading Of the whole.
SWEET. "'' Aheresa
toRIGINAL SIGNED):
M. ). Epley, 24000 shares. New ORLEANS
La: Seaton Veith, 24OOO shares San An,
Seio, Iexas; l.. p. Crigler 1000 shares.
,Macdtawa, Mich; Jos. Delery. 1000 shares
New orleans, La.
OSCAR SCHREIBER.
i, the undersigned Recorder of Mort.
IN and for the parish of Orleans.
tha 'e vi Louisiana, do hereby certify that