The herald., 1921-04-07
CHARTER.

therefor money or stocks or bonds or
other obligations of another individual,
firm or corporation, of any character, with
out referring TO the shareholders for pow
er to do so. At any meeting of the Board
of Directors. any director absent from the
meeting may be represented by any other
director who may east the vote of said
absent director according 10 the general
or special written instructions OF SAID
absent director. Until the annual meeting
of 1871 the Board of Directors shall con
sist Of: W. :. Smith, whose address Is
42N5 Coliseum ST.. New Orleans, La; G. \.
Gueringcr, whose address Is 2O39 - Phlllp
Street. New Orleans. La: X. J. Bives, 40
Octavia ST, New Orleans, La; NJ. +.
DOnegan. whose address is 264S Banks St,
OF the foregoing. W. 6. Smith shall be
president. c. 4. Gueringer. vice-preSident.
and VI. f. Dolegan, secretary treasurer.
ARTICLE VI-This act of incorporation
may be modified. changed. or altered. or
this corporation may be dissolved, i'll the
manner provided by law. Ivy vote Of two
thirds of the entire outstanding capital
stock. present or represented. at a gen
eral meeting of the stockholders convened
for such purpose, after previous notice has
been given in the manner above provided
to he given of the annual meeting of the
corporation. The capital stock of the cor
pOration may be increased or decreased by
proceedings in accordance with the laws Of
the State of Louisiana.
ARTICLE WILL tulS corporation Sudil
be dissolved. either by limitation or for
any other cause, its affairs shall be Hqui-
dated by three commissioners to be ap-
pointed at meeting of stockholders con
vened for the purpose of liquidation ana
| TO be elected by a vote of all the stock
| holders Said liquidat0rs shall remain in
\ office until the affairs of said corporation
| shall have been fully settled and liqui-
| dated. and they shall have full power and
! authority TO transfer and give title to all
| property and assets of the corporation and
| to distribute the proceeds: also, TO settle
| by compromise or otherwise, all claims f0I
or against the company. In case OF death
! disability or resignation of one or NOR,
| liquidators. the vacancy shall be filled 10y
the survivor or survivors.
ARTICLE VIII.-No stakeholder shall
! ever be held liable or responsible for III,
| contracts or faults of said corporation II
| any further sum than the unpaid balance
due on the shares of stock owned by MIN
! nor shall any mere infOrmality in organ
| cation have the effect of rendering this
charter null or of exposing any stock
holder TO any liability beyond the amour
due on his stock.
In order that this charter may also serv,
| as the original subscription list the sub
| scribers hereto have indicated Opposlt
their respective signatures the number o
shares of stock subscribed for by each o
| them.
Thus done and passed in my office n
New Orleans. Louisiana. on the day, mOntl
and year first above written, IN the pres
pnce of George Perez and Shirley Hon
man, competent witnesses. who have here
unto subscribed their names, together witt
me Notary, and said apRearers after du
reading of the whole.
Witnesses: George Perez, Shirley HOf
man.
WATTS X. LEvERICH.
| Notary Public.
| l. the undersigned, Recorder of Mort
cages. in and for the Parish of Orleans
State of Louisiana. do hereby certify tina
the above and foregoing Act of IncOrpOra
ton of the Donegan Lumber Company
Inc, was this day recorded in my Offic
in book 1858 folio -, New Orleans, La
March - 1921.
: (SIGNED) ROBT. SCOTT,
Ry. Dec.
true copy. -
WATTS X. LENERICH.
P Notary Public.
March IL to April 81.