The herald., 1921-03-03
CHARTER

tho effect of rendering the charter nun,
or Of exposing the Stockholders 10 any ia
bility beyond the unpald ualahce' Il "h''
on their subscriptions.
ARTICLE VI.-This corporation shall
have ali powers granted to such corpora
tions by law and shall have the power TO
contract, sue and be sued IN It's corporate
name. and to own, hold. receive, loan
Ieose purchase. sell and convey or mort
gage any and all of its effects, or to hypo-
thecate it's property and to do any and all
acts and things of any other klnu' MIXTURE
or description as may be necessary 10
carry out the objects and purposes or SAID
business, as its interests and conveniences
may require.
ARTICLE VII-The business OF this
corporation shall be directed by and vest
ed in a Board of Directors of three mem
hers. two of whom constitute a quorum
for the transaction of business. and the
said Board of Directors as first constr
tuted shall be composed of David ). Cor
don. Daniel Il. Williams and George r.:
Ferchaud, and they shall hold office until
the last Monday in January, 1922. and on
that day and on the same thereafter each
| year. elections shall be held for directors
at the principal office of the corporation
and the election shall be held between the
| hours of ten and twelve a. m.
David S. Gordon shall be first president
of this corporation; Daniel b. Williams,
| shall be first vice-president and George Il.
| Ferchaud shall be first secretary-treasurer,
/ dAu NhNs ohhii HpAN
Monday in January, 1922.
| Failure to hold an election on the day
| specified shall not dissolve the corporation.
| but the directors shall hold their respec-
| tive Offices until an election shall be held
after thirty days notice of the time and
place thereof given to each stockholder.
Directors may act either in person OF
by proxy.
ARTICLE vIII.-whenever this cor
poration is dissolved, either by limitation
or for any other cause, its affairs shall be
liQuidated bS the Board of Directors, who
are hereby vested with full power to sci
any or all assets of the corporation, either
separately or in a mass, and TO convey
full and complete title thereto. and shall
have full power to do and perform all acts
necessary and proper to fully and com
pletely liquidate the affairs and distribute
the proceeds, if any, among the stockhold
ers of the said corporation to the amoun
of stock held by each.
ARTICLE IN.-This act of incorpOra
ton may be amended. altered and modified
or this corporation dissolved, in the man
ner provided by law.
| Thus done and passed. in my notaria
office, in the City of New Orleans. on tn
day. month and year first above written
in the presence of Ruth NJ. Seller an
Gladys Z. Rider, competent witnesses, VIII
hereunto sign their names. together wit
the parties hereto and me, Notary, afte
a reading of the whole.
ORIGINAL SIGNED:
G. f. Ferchaud. 800 Whitney Bank Bldg
New Orleans. La, % shares; ID. B. vii
liams, 800 Whitney Bank Bldg, New Oh
leans, La. IS shares; u. S. Gordon, pc
q. f. Ferchaud, 306 Whitney Bank Bldg
, New Orleans, La, IL shares.
4 Witnesses: Ruth NJ. Seller, Gladys L
Rider.
Il A. A. MORENO,
II Notary Public.
4 A true and correct copy of the origins
now on file and Of record in my office.
Recorded in NJ. o. B. 1888, folio 81, @
Orleans Parish.
4. A. MORENO,
d Notary Public.