The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-14
CHARTER.

lars $40 OtU.OO), represented by -FOUR hu.,
red shares of stock of the par value =
One Hundred Dollars ($lOOOO) per shar
The stock shall be paid for in cash whe
subscribed for, or II may be issued at NJ
less than par in payment for propert
actually received.
ARTICLE VI-This corporation sha
begin business and be a going concern
soon as Twenty Thousand Dollars (s2
900 OO) Of stock shall have been subscribe
for Said capital stock may be increase
up to the sum of Forty Thousand Dollar,
in any manner provided for by the laws
this State. and whenever an increase {.
said capital stock shall have been AZ
thorized, fifteen days written notice sha
be given To each stakeholder within whic
time the present stockholders in the COZ
pOration shall have the right TO SubScrih
10 said increase Of stock in proportion
the number of shares of stock held b.
them and which shares shall be paid &c
80 such time and in such manner as tn
Board Of Directors may direct. After Il
NpiratiOn of the said subscription an
payment the Board Of Directors may di'i
nose Of the shares not taken for the Der
fit Of the corporation in such manner 3 2.
they think proper, ut not less than pa
ARTICLE VU-An transfers Of stool
shall be made on the books of the CorpoiN
ition 10y Surrendering the certificate ther'
| of 10 the presiding officer, who shall writ
! the word cancelled" prominently aero
! he face thereof. and erase the President
! signature therefrOm before issuing a ne j
certificate.
ARTICLE VIII.-At all elections by, G
| meetings of. the stockholders, each sha
| shall he entitled to one vote, to be ca /,
! ither by the person in whose name Il
.tock appears on the books Of this co :
| poration at the time of voting, or
nn attorney holding said stakeholder,
| written proxy.
ARTICLE IX-Thc business and co
In g Ghs
| Ne transacted by Board of Directors
not less than three directors nor mo
than five Directors. to bc composed
| stockholders thereof and they, and eat
| VI them. shall be elected at meeting '.
ne held for that purpose. Any vacanci {.
N the Board of Directors 50 elected shG
he filled by the said Board Of Director {
MeSSrs. f. DespOrte, Jr. 7. j. Desport
Edgar Beale, whose postoffice adore
shall be 605 GodChauN building. New Oh
leans, La, shall constitute the first Boar
of Directors, and shall hold office unit
first Monday in January. 1922, or unit
their successors are elected and qualifie
and each subsequent board shall ha'
their seats Immediately following the 4,
lection, or as soon thereafter as pract
cable, and shall hold their office unit
| heir successors shall have been electe
and qualified The Directors hcreinahOy
named shall elect their own officers. Thl
stockholders may at any time appoiI
the two additional directors provided fO
in this charter to serve concurrently wit
the other directors herein named. o.
January 2nd, 1922, and annually there
after. an election for directors by th
stockholders shall be held Mt the Offio
of the corporation. after fifteen days no
tice thereof shall have been given by no
tice mailed to each stakeholder at hi
last known address. Every Board of ID
rectors shall, at its first meeting afte
its election, or as soon thereafter as prao
ticable. elect from their own number &
President Vice PreSident and Treas
urer. The Board of Directors shall ais
elect a Secretary who may, or may MOI
be a member of the Board. The office q
the Secretary and Treasurer may be file,
by one and the same person, at the dis
erection of the Board. failure to cleo
directors on the date above specified shall
not dissolve the corporation, but the the
existing Board of Directors shall continu'
in office until their successors are elected
Fifteen days prior notice shall be give,
in the manner hereinabOve provided whici
notice shall he full ard complete motto
4 to all stockholders OF such meeting. An
director shall have the right to be repr,
] sented at any meeting of the Board I
, directors of this corporation, by an al
+ torney holding the Directors write
, proxy. The majority of the members
said Board of Directors shall constitul
v quorum for the transaction and mar
. | agement Of all business OF said corpori
|, | ton. They may make such bylaws, rule
y and regulations as they think proper Il
!. the transaction of the business and affail
i. | of said corporation.
ARTICLE X.-This act Of incorporate
}. may be changed, modified or altered,
said corporation may be dissolved wit
| the assent of three-fourths Of the amoui
C of stock present or represented at al
II general meeting of the stockholders
?, said corporation, convened for that pu
pose. after previous notice given In Il
manner hereinabove set forth in Artic
pnt nd oil M
holders, whether for purpose OF liquid
q ion or for any other purpose, may
held at any time without notice, by unal
imous consent of all stockholders filed
!. | writing by the Secretary.
d ARTICLE XI.-The President or actin
e President. may. in his discretion. an
d shall upon written request OF one stool
e older, call a special meeting Of the stool
: holders of this corporation.
l. ARTICLE XII.-No stakeholder sha
= yer be liable for the contracts or fault
d # this corporation in any further SUI
4 han the unpaid balance due the Compan
: | on the shares owned by or subscribed "a
d by him; nor shall any informality In tn
d organization have the effect of renderin
e this charter null or Of exposing the stool
I holders to any liability.
ARTICLE XIII.-Whenever this corpor
alton is dissolved, either by limitation Q
y from any other cause, its affairs shall b
v liuuidated under the superinteHdency q
three stockholders, to be chosen for tbs
purpose by three-fourths in amount Z
the stockholders present or represented q
general meeting of the stockholders q
which the election Is held. Said CON
missiOners shall remain In office until tn
affairs of said corporation shall have bee
fully liquidated. In case Of the death Q
e one of the commissioners, or refusal Q
= inability to act, the remaining commits
! siOners shall continue to act, and sha
! select another stakeholder In the plac
e and stead of the commissioner who ha
ceased to act.
This said charter shall serve as tn
: original subscription list, the subscriber
= hereto having set opposite their respectiy
, names the number of shares Of stock 10
: which they have subscribed.
= Thus done and passed In my office
: the City of New Orleans, aforesaid. o
. the day, month and year first above writ
| ten in the presence Of Louis Goldman an
l.. Walter Cockfeld competent witnesse
. residing in this parish, who hereunto sig
| their names with the sale appearers an
|, me. Notary, otter due reading Of the Who'll
= WITNESSES: Louis Goldman, l.. Wa
!. ter Cockfield.
(SIGNED) +. Desporte, Jr 30 share
Theo. J. Desporte, 80 shares, Edgar Beal
JNo. &C. o'cONNoR,
u Notary Publ
/. the undersigned Recorder Of Nor
= cages, In and for the Parish Of Orlean
. State Of Louisiana, do hereby certify tn
y the above and foregoing Act of Incorpor
y ton, of the Desporte Packing Co, WI
this day duly recorded In my office,
p Book 1888 Folio G04. New Orleans Jul
9th. 1921.
9 (SIGNED) ROBT. SCOTT,
u Deput