The herald., 1921-10-13
, CHARTER.

hrst meeting of the stOc khoIders, held after
!he passing of this charter. and the dircc-
eUrS ana Officers so elected shall serve as
sugh until the third Monday in JaIeIary
1873. or until their successors are duly
qualified and elected
Absent directors may vote at any Ji.
rec lGrs meeting by a written proxy to
meeting.
Meetings of the stockholders for the
erection OF directors shall be held yearly
on the third Monday in january. begin
hIhS with the year 1922 and the board
81 directors shall have Ae right 10 elect
NIIhout reference to stockholders meet
ing any stakeholder to be a director
whenever vacancy may exist on the
D"dFd OF directors, through death. re>igua-
tion or inability to serve
ARTICLE V-The corporate powers of
ms corporation are expressed and set
tPI by section seven "a of Act 2G7 of
tne year 1911, and shall Ice duly employed
10y ana through the board of directors.
The board of directors may, without
reference TO the stockholders, buy. sell and
mortgage real estate; buy, sell. mortgage
OF ny pothecate amy part or the crxsrety of
me assets. business rights or good will of
TINS corporation. all upon such terms. con
ullons, aud for such price, sums or as
sets as the board of directors shall deter
mine.
The duties of the several officers shall
adopted by the board Of directors and
amended or altered at their will and they
snail have the right to employ, under con
tract or otherwise, a general manager, who
may or may not be member of the board
a directors, as said board of directors may
determine, and which said general man
dEtr shall have such duties as shall he de-
t'rmlned by the board Of directors and the
several officers of this company may dele
gate 10 such general manager such duties
as are prescribed to their respective Offices,
as they may GvSlre, subject, however, to
the approval Of the board of directors.
ARTICLE VINO stockholdrr of this
corporation shall ever be liable for any
debt Of the corporation other than the un-
PAld portion Of their SUBSCRIPTION to stock ;
ana no informality Eerein shall subject
them 10 such liability.
ARTICLE VII-Amendmpnt of this char
! ter, or liquidation of the corporation shall
De subject to the rules laid down in Act
261 of the Louisiana Legislature of 1914
The capital stock of this corporation may
be Increased by amendment of this char
ter 10 any amount not exceeding the sum
II 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
+. X. Harden and l.. X. Hoover, compe-
tent witnesses, and me-, notary. after a
due reading of the whole; the subscribers
setting Opposite their names the amount
of stock they subscribe for, making this
an original Subscription list.
tSignedD l.. e. Upton. 2il9 Milan ST.
New Orleans, l SHARE; &. \. Reynefttc,
2O2l Pine ST, New Orleans, l share; l.. l.
/ Elliott, l2O ). COrteZ St, New Orleans, !
share.
Witnesses: (Signed): f. Il. Harden, L.
Il. Hoover.
(SignedJ; WARREN V. MILLER.
Notary Public
l, 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 1858. folio 1l3.
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
| Sept. Poet 81.