The herald., 1921-03-10
CHARTER.

! or of exposing the stockholders 10 an! ia
bility beyond the unpaid balance, II any
on their subscriptions. IN
have all powers granted TO such corpora
lions by law and shall have the power I"
contract. sue and be sued in its corporate
name, and 10 own, h4ld' rtctNe, I"nt
lease, purchase sell and convey or mort
/ gage any and all of its effects, or TO hypO,
/ thecate its property and TO do any ana al
( acts and things of any other klnd. nature
or description as may be necessary 70
carry out the objects and purposes OF sald
/ business. as its interests and conNenlehces
may require.
ARTICLE VII-The business Of this
corporation shall be directed by and vest
ed in a Board of Directors of three mem
hers two of whom constitute quorum
for the transaction Of business. and the
/ said Board of Directors as first constr
! tuted shall be composed of David ). Cor
don, Daniel Il. Williams and George T..
! Fcrchaud. and they shall hold Office until
: the last Monday in January. 1922. and on
I that day and on the same thereafter each
year, elections shall be held for directors
! at the principal office of the corporation
and the election shall be held between the
hours of ten and twelve a. IN.
David $. Gordon shall be rr>t president
of this corporation; Daniel Il. Williams
shall be first vice-president and George +.
Ferchaud shall be first secretary-trcasurer,
. and they shall hold office until the last
Monday in January, 1872.
Failure 10 hold an election on the day
, specified shall not dissolve the corporation.
hut the directors shall hold their resp'r-
tive offices until an election shall be htld
. after thirty days notice of the time and
place thereof given to each stockholder
I Directors may act either in person or
by proxy.
! ARTICLE VIII-Whcnever This cor
poratiUn is dissolved. either by limitation.
, or for any other cause. its affairs shall he
liQuidated by the Board of Directors. who
are hereby vested with full power 10 sell
any or all assets of the corporation, either
separately or in mass. and TO convey
full and complete title thereto, and shall
have full power 10 do and perform all acts
necessary and proper TO fully and com
pletely Hquidate the affairs and distribute
the proceeds, if any. among the stockhold-
crs of the said corporation 10 the amount
of stock held by each.
ARTICLE IX-This act of incorpora-
ton may be amended. altered and modified
or this corporation dissolved, in the man
ner provided by law.
Thus done and passed. in my nOtarial
Office in the City of New Orleans. ON the
day. month and year first above written,
in the presence of Ruth VI. Seller and
Gladys +. Rider. competent witnesses. who
hereunto sign their names, together with
the parties hereto and me, Notary, after
Il reading of the whole.
ORIGINAL SIGNED:
c. F. Ferchaud, 3O6 Whitney Bank Bldg.
New Orleans. La, 80 shares; ID. Il. Will
liams, 300 Whitney Bank Bldg, New Or
leans, La. ~ shares; u. 5. Gordon. per
g. +. Ferchaud. 500 Whitney Bank Bldg.
New Orleans, La, L. shares.
Witnesses: Ruth NJ. Seller, Gladys E
Rider.
A A. MORENO,
Notary Public.
4 true and correct copy of the original
now on file and of record in my office.
Recorded in NJ .. j. 1888, folio 81, of
Orleans Parish.
A. 4. MORENO.
Notary Public.
ri -