The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-19
CHARTER

annually on the second Tuesday of Jan.
uary except when such day falis on legal
holiday in which event. said election snail
be held on the day following, or as soon
thereafter as practicable, and they shall
hold office for a term of one year or until
their successors shall be elected ana
qualified. Each stakeholder OF record on
the books of said corporation snail Dc
entitled to cast at such meeting, or at all
stockholders meetings, either in person or
by written proxy, one vote TOT each snare
of stock held by him, and a majority OF
the votes cast at such meeting shall elect
the membsrs of the Board of Directors. All
meetings Of said stockholders shall be held
mt the domicile of the corporation. Meet
ings Of directors may be held at Other
places than the domicile of the corporation
provided said directors give their previous
consent in writing. Any vacancy occurring
for any cause in the Board OF Directors,
between the dates of the annual meetings
herein provided for, shall be filled by the
remaining members of the Board of Di-
rectOrs. Immediately after the election OF
the directors, they shall meet ana eject
from their number a President, vice Presi-
dent Secretary and q Treasurer, ana may
combine these last two into one person.
The duties of such officers shall be such hS
usually pertain to the position 10 when
they are elected, and such as may be pro-
yided for in the bylaws, or as may be
designated by the Board of Directors at
any regular or special meeting.
The names and postoffice addresses OF the
directors for the first year, who shall serve
until their successors are elected and
qualified are as follows: Fred Cornelius,
1909 Louisiana Avenue. New Orleans, La;
Frank Martin, 260J Valence street, New Or
leans. La: John X. McCraney, 32I Charities
street, New Orleans, La.
And until their successors are elected
and qualified, the following are declared
to be the officers of the corporation, tO-wit:
Fred Cornelius. President; Frank Martin,
Vice President; John II. McCraney, Secre-
tary- Treasurer, who shall hold their offices
until the next regular meeting of the stock
holders. or until their successors shall have
been elected and actually qualified.
ARTICLE yII-The names and postoffice
addresses of the subscribers OF these Ar
tcles of Incorporation, and statement of
the number of shares of stock which each
agrees to take in the corporation. are as
follows: Fred Cornelius, 1iO9 Louisiana
Avenue, 80 shares; Frank Martin, 26O5
Valence street. 80 shares; John X. McCra-
ney, 327 Charities street, 50 shares.
OF the capital stock, one hundred and
five shares or five thousand one hundred
and fifty $5.150.O0) dollars. being more
than fifty per cent (5OGc) of said sub
scribed capital stock is paid in; Fred Cor
nelius and Frank Martin having paid for
their shares in property and good will and
John X. McCraney having paid for thirty
shares In cash and in good will for five
shares. all as shown in detail by itemized
description thereof, with statement of
the value of property and good will as APP
praised by Fred Cornelius, Frank Martin
and John r. McCraney directors, which is
annexed to these articles of incorporation
to be read in connection Herewith.
ARTICLE villa meeting of the Board
of Directors may be called at any time
by the President, or by a majority of said
Board. by depositing notice of such CALL