The herald., 1921-10-27
CHARTER.

first meeting of the stockholders, held after
the passing of this charter, and the direc-
tors and officers so elected shall serve as
such until the third Monday in January,
1923, or until their successors are duly
qualified and eIected.
Absent directors may vote at any di-
reCtOrs meeting by a written proxy to
another director given for that particular
meeting.
Meetings of the stockholders for the
election of directors shall be held yearly
on the third Monday in January, begin
nlng with the year 1928 and the board
Of directors shall have the right to elect
without reference to \ stockholders meet
ing, any stakeholder to be director,
whenever a vacancy may exist on the
board of directors, through death, resigna-
ton or inability to serve.
ARTICLE V-The corporate powers of
this corporation are expressed and set
forth by section seven "a of Act 267 of
the year 1914 and shall be duly employed
by and through the board of directors.
The board of directors may, without
reference to the stockholders, buy, sell and
mortgage real estate; buy, sell, mortgage
or hypothecate any part or the entirety of
the assets. business. rights or good will of
this corporation, all upon such terms, con-
dltlOns, and for such price, sums as
sets as the board of directors shall deter
mine.
The duties of the several officers shall
be set forth in the bylaws; which will be
adopted by the board of directors and
amended or altered at their will; and they
shall have the right to employ, under con
tract or otherwise, q general manager, who
may or may not be member of the board
Of directors, as said board of directors may
determine, and which said general man
ager shall have such duties as shall be de-
termined by the board of directors and the
several officers of this company may dele
gate to such general manager such duties
as are prescribed to their respective Offices,
as they may desire, subject, however, to
the approval of the board of directors.
ARTICLE VINO stockholder of this
corporation shall ever be liable for any
debt of the corporation other than the un-
paid portion of their subscription to stock
! and no infOrmality herein shall subject
them to such liability.
ARTICLE VII-Amendment of this char
| Ter, or liquidation of the corporation shall
| be subject to the rules laid down in Act
20 of the Louisiana Legislature of 1914
The capital stock of this corporation ma y
| be increased by amendment of this char
! ter to any amount not exceeding the sum
IF one hundred thousand $500, 100000 dol
| lars.
Thus done and signed on the day and
| date first hereinaboye mentioned, in the
city of New Orleans, in the presence OF
! r. X. Harden and l.. X. Hoover, cOmpe-
| tent witnesses, and me, notary, after q
| due reading of the whole; the subscribers
! setting opposite their names the amount
! ol STOCK tney subscribe TOT, making tnls
| an original subscription list.
(SigDed): +. G. Upton, 2419 Milan St.
| New Orleans, l share; G. A. Reynefitte
2O2l Pine St, New Orleans, 1 share; l.. b
| Elliott, 120 S. COrtez St, New Orleans,
share.
Witnesses: (Signed): F. Il. Harden, L
| X. Hoover.
! (Signed): WARREN V. MILLER.
| 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 Industrial Adjustment Bureau
| Inc, was this day duly recorded in my
| office, in Book 1868, folio 113.
New Orleans, September 18th, 1921.
| (Signed): ROBT, SCOTT,
Deputy Recorder of Mortgages
true copy of the original on file in my
! office.
| WARREN V. MILLER,
| Notary Public
| Sent 2o-Oct 81