The herald., 1921-12-22
CHARTER.

80 or more than nine go directors. a
majority OF the Board OF Directors shaIi
at all times constitute quorum for the
transaction of business.
The following persons shall constitute
the first Board of Directors: Fred W.
SaImen. Leroy L. Miles, Homer q. Frlt-
chic, Albert Salmen and Fritz Salmen.
All directors shall be entitled to one
On vote, either i'll person or by proxy
but the proxy must Ue stOckholder'
In the event of death, resignation, or
otherwise OF any directors, the remaining
directors shall elect successors Tor the
uneXpired term.
me oincers of this corporation shall be
a president, yice-president and secre-
tarN treasurer. The right Is hereby given
| to and vested in the Board OF directors
| at any time i'll their discretion to divorce
| the offices of secretary and treasurer ana
| constitute different persons as secretary
and treasurer; the right is also hereby
| given TO and vested III the Board or Di-
| r,ctors at their discretion 10 combine any
| two offices or 10 divorce them at their
| pleasure. or TO create additional omces
! and thereafter destroy them.
| Fred W. Salmen shall DE 1lrst presl-
/ dent Leroy 4. Miles shall be urst vice
president and Homer q. Fritchie shall be
| the first secretary treasurer.
| The Board of Directors ana oincers
! aforesaid shall continue i'll office until the
| L
| ~ D.. 1873, on which date and annually
! thereafter their successors shall be elected
| unless said date shall be a. holiday, III
! which event the election shall be held on
| the next legal date thereafter.
| Failure to hold an election on the day
! specified shall not dissolve the corpora
! ton, but the directors shall hold theii
| respective offices until an election shall
be held after thirty days written notice
of the time and place thereof mailed tC
each stakeholder of record al his last
| known address.
ARTICLE VI-The name and postofficC
| addresses of the subscribers to these ar
! ticles of incorporation and the statement
of the number of shares which each ha:
agreed TO take are as follows:
Fred W. Salmen, New Orleans La Il
! shares.
Leroy T. Miles, Slidell. La. 125 shares
Homer q. Fritchie, Slidell. La, l share
Albert Salmen, Slidell, La. 12i shares
Fritz SaImen, Slidell, La, 10 shares
! ARTICLE VII-Whenever this corpora
tlon is dissolved, either by limitation Of
for any other cause, its affairs shall b.
liquidated by the Board of Directors, wh'
are hereby vested with full power 10 sci
any or all assets of the corporation, eithe
! separately or in a mass, and to CONVEX
full and complete title thereto, and shall
have full power to do and perform al
acts necessary and proper to fully an'
completely liquidate the affairs and dis
tribute the proceeds, if any among tn
! tockholders of this corporation to tn
| amount of stock held by each.
| ARTICLE EIlI-This act of incorpora
ton may be amended altered or modified
or this corporation dissolved in the man
| ner provided by law.
Thus done and passed, in my notaria
office. in the City of New Orleans Stat
of Louisiana, on the day, month and yea
first above written, in the presence o
Gustave Lemle and Arthur \. Moreno
competent witnesses, who hereuntO sigl
their names, together with the partie
hereto and me, notary, after a due read
ing of the whole.
ORIGINALLY SIGNED:
+. SALMEN
J. A. SALMEN,
l.. L. MILES,
ii. g. FRIrCHIE,
L. W. SALMEN.
Witnesses: Gustave Lemle and A. A
Moreno.
SELIM B. LEMLE,
Notary Public
Recorded in the Mortgage Office for tn
Parish of Orleans in Book 1853, folio 81
New Orleans, Louisiana, November Il
, | 1921.
\ true and correct copy of the origina
now on file and CT record in my Office.
SELIM Il. LEMLE,
Notary Public
| nac oc-Jan o6