The herald., 1921-01-13
CHARTER

pursuance to the provisions of this char
ter.
ARTICLE VII-This corporation Shall
have all powers granted TO such COZ IA
lions by law and shall have the power 10
contract sue and be sued in It's corporate
name. and to own. hold, receive, loan
lease. purchase. sell and convey or mort
gage any or all of its affairs, or TO hEPothii
ecate its property, and TO DO any Va an
acts and things of any kind, nature OF
desrription as may be necessary TO carry
ont the objects and purposes OF SaId pusl-
ness as its interests and couVenlehces MA!
require.
ARTICLE VIII.-The business OF TINS
CORPORATION shall be directed by and vest
ed i'm n Board of Directors. consisting OF
three members, two of whom shall consul
tute quorum for the transaction OF busl-
ness, and the said Directors as hrSt con
stituted shall be SeahrOn o. BrOck, liardlt
y CIauuch and j. VI. Hendrix, and they
shall hold Office until the last Monday III
November. 1921. and on that day, ana on
the same day thereafter. elections Shall ne
held annually for Directors at the primer
nal office of the corporation. Failure to
| hold an election on the day Speclhed shal
not dissolve the corporation, but the Dlrec-
| tors in office shall hold their respective
| Offices until an election shall be held ait'r
| thirty days notice of the time and place
| thereof given to each stakeholder. me
| annual election shall he held on the ElSt
| Monday in November, 1871. and Thereafter
|
| succeeding year and the election shall be
| held between the hours of two and four
| o',sock y. IN. All vacancies on the BOaru
| of Directors. for whatever cause, shall De
| filled by the remaining Directors. Seabron
q. Brock shall be the first President; Har-
| die T.. Claunch shall be the first vice Pres
ident and ] NJ Hendrix shall be the hrsl
| Secretary Treasurer, and they snail holO
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 tern
| of their election. and only stockholder'
| shall be eligible for election as member
of the Board of Directors. Directors ma!
, ! act either in person or by proxy. All con
| tracts commercial obligations and banl
checks shall be signed by the company
| through the President. or, in his absence
+ sickness or inability to act. by the Secre
T tary Treasurer. All employees OF this cor
! poration shall hold their employment sub
ject to the pleasure of the Board of III
rectorS the reOf.
ARTICLE IX.-Whenever this corpora
ton is dissolved, either by limitation o
for any other cause, its affairs shall b
liuuidated by two or more HquidatOr
named by the stockholders, but whic
liquidatOrs need not be stockholders, VIII
| are hereby vested with full power to Sc
! any or all assets of the corporation, eithe
:, ! separately or in a mass, at public or pr
: waite sale, and to convey full and complel
! | title thereto. and shall have full power
|
II | proper to fully and completely Hquida
the affairs and distribute the proceeds,
any, among the stockholders of this co
pOration to the amount of stock held
| each.
| ARTICLE X.-This act of incorporate
may be amended, altered or modified,
thi- corporation dissolved in the mann
provided by law.
Thus done and passed in my notari
office in the City of New Orleans, State
, Louisiana, on the day, month and We
d first hereinabOve written, in the presen
of +. Rivers Richardson and VIM.
/! Wright competent witnesses, who ha
vi hereunto signed these presents. togeth
III with the said parties hereto and me,
hS tary, after reading OF the whole.
~ (Original signatures omitted.)
n Witnesses: +. Rivers Richardson, W
lis II. Wright.
iaS GABRIEL FERNANDEZ, JR..
- (Seal) Notary Public
Nv /. the undersigned, Recorder of Mo
aa | cages in and for the Parish of Orlea
IN. State of Louisiana, do hereby certify Il
Or the above and foregoing Act of lncorpO
tai ton of the Model Machine Works. Ii
no was this day duly received in my office,
taS Book 1916, Folio 543. New Orleans,
10 yember 10Th, 1920.
20 (Signed) EMILE ]. LEONARD,
Ca ga Dep. Rec
,eu true copy of the original of rec,
ato and on file in my office.
aee GABRIEL FERNANDEZ, JR..
~; az (Seal) Notary Public
on Dec. 2-Jan. g.