The herald., 1921-01-06
CHARTER.

agents and employees: fix all salaries and
remuneration. and generally to do and per
form all things necessary in the trans
action of the business and affairs of the
corporation; provided that the Board may
delegate to the President, or other persons
selected by Ii, or to such COMMITTEES as q
may create from among their number.
such authority as they may deem proper
The officers of the corporation shall be
a President. a tice-President. a Secretary
nually by the Board of Directors. The
and Treasurer, who shall be elected an
first Board of Directors shall consist of
six stockholders, four of whom shall con-
stitute quorum, and a majority of those
in attendance shall transact all business
and shall consist of: Martin Kron. Jules
Labanca, Jr., Charles A. Desporte, ST.,
and Charles A. Desporte, Jr.. who shall
hold Office until the Goth day of Novem-
Der, 1925, or until their successors are
duly elected and qualified. with the said
John w. Engelhardt as President. the said
Charles A. Desporte, Sr., as Vice-President.
the said Jules Labanca, Sr, as Secretary
and Martin Kron as Treasurer.
On the Goth day of November, 1925, and
every five years thereafter, or as soon as
possible after said date, at q meeting of
stockholders called for that purpose, an
election of Directors shall be held at the
office of the corporation, after ten days
at his last known address. At said cleo
ton each stakeholder shall be entitled to
cast, either in person or by duly author
lied written proxy, one vote for each share
of stock, not In excess of one-tenth of the
capital. owned by him and Of record in
his name on the books of the corporation
at the date of the election, and a ma
jority Of stock present or represented shall
be sufficient to elect. Vacancies in the
Board Of Directors shall be filled by 1t
from among the stockholders of the cor
poration. Failure to elect directors on
the day above specified shall not dissolve
the corporation, but the directors then in
Office shall remain in Office until their sue
cessors are duly elected and qualified. Due
notice Of another election shall forthwith
be given, as above provided, until an cleo
ton shall be held.
ARTICLE vI.-This act of incorpora-
ton may be changed, modified or altered,
or this corporation may be dissolved and
Its business terminated. by the vote Of
ee-fourths Of the capital stock present
or represented at general meeting of u
stockholders at the domicile of the cor
poration, convened for that purpose. by ten
days written notice given to each stock
holder at his last known address. and, in
case of failure to designate an address, to
the General Delivery at New Orleans; and
in the event Of dissolution. the affairs Of
the corporation shall be liquidated by one
or more commissioners elected at such
meeting by like vote. and such liquida-
ton sholl be made under such regulations
and instructions as may be adopted by the
stockholders. Any change which may pro-
pose an increase in the capital stock shall
be made In accordance with the laws q
Louisiana on the subject of altering the
capital stock. and 1t may be increased upon
the affirmative vote Of two-thirds of tn.
stockholders Of the corporation.
ARTICLE Vino stakeholder of this
corporation shall ever held liable or re-
sponsible for the contracts or faults there
of in any further sum than the unpaid bal
ance due to the corporation on the shares
owned by him, nor shall any mere in
formality in the organization. or in the
amendments to the charter, have the effect
Of rendering this charter null or of ex-
posing a stakeholder to any liability be-
yond the amount Of his stock.
ARTICLE vIII.-The stockholders have
respectively written opposite their names
the amount of stock In this corporation
subscribed for by each Of them, SO that
this act may served as the subscription
list of said corporation.
Thus done and passed, at my Office in
the city OF New Orleans, on the day and
date first above written, in the presence
of Solomon s. Goldman and Edwin J.
Prinz, competent witnesses, who have sub
scribed their names hereunto with said ap
pearers and me, Notary. after due reading
of the whole.
(THE SIGNERS):
Witnesses: Solomon 8. Goldman, Edwin
]. Prinz.
EDWARD RIGHTOR,
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 Citizens Life Insurance Com
pany was this day duly recorded in my
Office, in Book 1246 Folio =. New Orleans,
November %, 1920.
(SIGNED) EMILE LEONARD,
d. r.
A true copy.
EDWARD RIGHTOR.
Notary Public.
Dec. 2-Jan. 8.