The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-29
CHARTER.

no stakeholder shall sell or otherwise
transfer his stock in violation hereof, aud
any such sale or transfer, h made. shall
p,. void and this corporation shall ls me
der no Obligation to list said stock "u I.-
books or to regard the holder OF '.. ,.s
tifrate thereof
ARTICLE NII-The corporate powers pi
this CORPORATION shall be vested iu aut .s
.r,.isrd bv a board Of not less than f.r..
nor more than five directors, az Ill" option
pf the StOckhOldeTS, two 10 r.r-.,r.f, 81
quorum for the transaction Of business
should there be three directors, and ttr..
TO constitute a quorum for The transaction
of business, in the event that there %. I..r.
than three directors. The directors of rh-
corporation may vote ia person or 10y WRIT
ten or Geographic proxy at any ul tho
meetings of the board Of directors. and
the board Of directors may dei"-Hf. amy
Of its powers 10 any officer or officers .r
any other representative az tho '.UHu~..-
tIon. by appropriate resolution tp .Dat
effect
The first board of directors os this cor
yOIaiiOn shall be- composed Oi the follow
ing: Edward Alba, Russell Alba. Charles
..,sI. oswald Alba, with the following us
officers: Edward Alba, President, Russell
Alba, Vice President; Charles Alba, Suera-
tary; Oswald Alba, Treasurer, and they
shall serve until the second "Wednesday IL
January, 1922, or until their successors are
elected and qualified.
The directors shall be elected annually
at meeting held on the second Wrdues-
day Of January in each year after such
given fifteen days prior To the date OF
said meeting. in writing. sent by mail 90
each stakeholder, at his last known place
of residence. The board Of directors NAV
change the date Of sad annual meeting 10
any other date, by written notice 10 that
effect. sent at least fifteen days prior 10
the date to which said annual meeting
shall toe changed, directed by mail 10 each
stakeholder, at his last known place Of
residence.
Each stakeholder shall, ut such annual
meeting or other meeting general or
special. be- entitled, in person or by writ
ton or Geographic proxy, to one vote for
each share of stock owned by him. The
election shall be held under such rules and
regulations rs may be from time 10 time
determined by the board of directors.
The directors, when elected. shall hold
Office for one year. or until their success
SOrs shall have been elected and qualified
and failure to hold the annual meeting Of
stockholders or TO elect annually direC-
tors, shall not operate the forfeiture Of
this charter or any rights Hereunder.
Any vacancy occurring in the board Of
directors may be filled by the directors for
the uneNpired term.
ARTICLE VIII-This charter and act Of
may Toe changed. modified.
altered or amended by and with the con-
sent of three-fOurthS Of all the stock pres
special held for that purpose; and such
amendment Hray be material or immaterial.
subject only to limitation as may be by
law provided: and this corporation shall
have the right and power 10 increase or
decrease its capital stock as heTeinbefore
set out. and any increase of the capital
stock, in excess of the amount named here
in as the amount TO which the capital stock
may be increased. may be made by a three
fourths vote of all outstanding stock.
TT
meetings referred to in this charter. or
required by law, shall be given in the man
ner provided for giving notices in the case
Of election of directors, or by publication
of such notice for fifteen days previous to
such meeting in any daily newspaper in
b" City of New Orleans, unless the notice
Of such meeting shall have been waived
the stockholders and directors having the
right by this charter to waive notices at
any time. and for any meeting.
ARTICLE Nm case of the dissolution,
liquidation, or termination of this charter
by limitation or otherwise, the affairs of
the corporation shall be liquidated by one
or more hquidatOrs elected by a two
thirds vote Of the stockholders, who may
provide the number of said liquidators
and vest them with such power and au-
-hority as may be by law permitted. fixing
he terms and conditions upon which they
shall serve. and their compensation. and
provide that in case of death or disability
=.
ing liquidators may fill the vacancy or
continue TO act on behalf of the corpora
ion.
ARTICLE XI-No stakeholder of this
corporation shall be liable or responsible
'or any costs. contracts. debts or faults
If this company or any of its officers, nor
shall any mere infOrmality in organiza-
ion have the effect of rendering this char
er null and void. or of exposing a stock |
holder to any liability beyond the unpaid
Ng1 No u H. all l. \ l.. l.
ARTICLE XII-The subscribers hereto |
have written opposite their names the |
lumber of shares subscribed to by each |
)ne of them, and their post Office adj |
iresses, so that this charter may serve as |
subscription list: all of which subscrip- |
ions are payable in the manner and form |
et out herein, and as provided for in Act |
% Of the General Assembly of the State |
# Louisiana of 1914.
Thus done and passed at my office. ia |
fr City Uf New Orleans, Louisiana. on /
~. month and year herein first above /
written. and in the presence of A. Holland |
md II. K. Burkhardt. competent witnesses |
Who have hereunto signed their names,
"gether with the SAID appearers and me,
rotary. after due reading of the whole.
witnesses: A. Holland, II. r. Bark
ardt.
WILLIAM J. GUSTE.
Notary Public
I hereby certify the above to be a true
nd correct copy of the original on file in
ny office.
WILLIAM J. GESTE.
Notary Public.
lug. 25-Sept %.