The herald., 1921-01-06

CHARTER
pursuance to the provisions of this char

pursuance to the provisions of this char
ter.
ARTICLE VII-This corporation shall
have all powers granted to such corpora
tions by law and shall have the power TO
contract, sue and be sued in its corporate
name, and 70 own. hold. receive, loan,
lease, purchase, sell and convey or mort
gage any or all Of its aTairs, or TO hypoth-
ecate its property, and to do any and all
acts and things of any kind. nature or
description as may be necessary to carry
out the objects and purposes of said bust
ness as its interests and conveniences may
require.
ARTICLE VIII.-The business of this
corporation shall be directed by and vest
ed in a Board OF Directors. consisting OF
three members, two of whom shall consti-
tute quorum for the transaction of bust
ness, and the said Directors as first con-
stituted shall be Seabron o. Brock. Hardic
Z. Claunch and J. NJ. Hendrix. and they
shall hold Office until the last Monday in
November, 1921. and on that day, and or
the same day thereafter elections shall be
held annually for Directors at the princi-
pal Office OF the corporation. Failure to
hold an election on the day specified shall
not dissolve the corporation. but the Direc-
tors in Office shall hold their respective
Offices until an election shall be held after
thirty days notice of the time and place
thereof given to each stakeholder. The
annual election shall be held on the last
Monday in November. 1921 and thereafter
on the last Monday of November of each
succeeding year. and the election shall be
held between the hours of two and four
O'Clock p. IN. All vacancies on the Board
of Directors, for whatever cause, shall be
filled by the remaining Directors. Seabron
O. Brock shall be the first President; Har-
die F. Claunch shall be the first Vice Pres
ident, and J. NJ. Hendrix shall be the first
Secretary-Treasurer, and they shall hold
office until the last Monday in November
1921, or until their successors are elect
ed. and each succeeding Board of Directors
shall elect its principal officers for the term
of their election and only stockholders
shall be eligible for election as a member
of the Board of Directors. Directors may
act either in person or by proxy. All con-
tracts, commercial obligations and bank
checks shall be signed by the company
through the President or, in his absence
sickness or inability to act, by the Secre-
tary-TreaSurer. All employees of this cor
pOratiOn shall hold their employment sub
ject to the pleasure of the Board of Di-
rectors thereof.
ARTICLE IX.-Whenever this corpora
ton is dissolved, either by limitation or
for any other cause, its affairs shall be
llquldated by two or more lquidators
named by the stockholders, but which
liquidatOrs need not be stockholders, who
are hereby vested with full power to sell
any or all assets of the corporation, either
separately or in mass, at public or pri.
vate sale, 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 completely liquidate
the affairs and distribute the proceeds if
any. among the stockholders of this cor
poration to the amount of stock held by
each.
ARTICLE X.-This act Of incorporation
may be amended, altered or modified, or
this corporation dissolved in the manner
provided by law.
Thus done and passed in my notarial
office in the City Of New Orleans, State of
Louisiana. on the day, month and year
first hereinabove written. in the presence
of f. Rivers Richardson and VIM. H.
Wright, competent witnesses. who have
hereunto signed these presents. together
with the said parties hereto and me, No
tary, after reading Of the whole.
Original signatures omitted)
Witnesses: f. Rivers Richardson, VIM
Fl. Wright.
GABRIEL FERNANDEZ, JR.,
(Seal) Notary Public.
/, the undersigned, Recorder of Mort
cages in and for the Parish Of Orleans
State of Louisiana, do hereby certify that
the above and foregoing Act of Incorpora-
ton of the Model Machine Works, Inc
was this day duly received in my office in
Book 1246. Folio 543. New Orleans, No
vember 10Th, 1920.
(Signed) EMILE ]. LEONARD,
Dep. Rec.
A true copy Of the original of record
and on file in my Office.
GABRIEL FERNANDEZ, JR.,
lSeall Notary Public
Dec. 2-Jan. 8.