The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-01
CHARTER.

shall make an bylaws. rules and rrgula-
lions for the government of the business
and affairs of the company. and by like
vote may alter, amend and change the
same at pleasure. They shall also have
full power to buy, sell. mortgage and
pledge any and all property. real and per
Sonal, whenever, in their Judgment, they
may deem such acts necessary and proper;
hire. employ aud discharge all officers,
agents employees aud clerks, and To fix
all salaries and compensation. and gener-
ally to do all things necessary IN the
transaction Of the business and affairs of
the company.
And the board of directors shall have
full authority To carry out the powers
granted herein, without recourse to any
vote or grant of power by the stock
holders and shall have like full power
and authority to buy and to sell and To
receive in pledge and to hypothecate the
shares tOf the capital stock of any other
corporation created for like purpose with
this corporation; To issue bonds upon such
conditions, interest aud time of maturity
as they may deem proper, and to pledge
or mortgage any property of the corpora
! tion to secure the payment of such bonds.
ARTICLE NI-This corporation shall
| commence its operations and he going
concern as soon AS II acquires the proper
/ ~ hereinabOve specially referred to, and
! the following named persons shall con
Stitute the first board of directors Of said
| company, and shall serve such until the
| first Monday in May, 1922 and until their
successors shall have been elected and
] qualified. to-wit: Joseph \ Bisso. Alex
ander l.. BiSso, William A Bisso, and
/ Joseph W. Tyler; Joseph \. BisSO shall
| be president and general manager; Alex
ander l.. BisAO, vice-president; William \.
| BissO, treasurer, and Joseph W. Tyler
! secretary. The power and duties of said
| officers shall be set forth in the bylaws
| of this company.
ARTICLE VII-This act of incOrpOra-
| ton may be changed. modified or altered
or said corporation may be dissolved with
the consent of the holders and owners of
! three fourths of the capital stock, convened
for that purpose. after thirty days pre-
| vious notice shall have been given by ad-
vertisement in one of the daily newspapers
| published in the City of New Orleans.
| ARTICLE VIII-Wheneyer this corpora
| ton is dissolved. either by limitation or
| for any other cause, its affairs shall be
| liqudated by three liquidators appointed
! from amongst the stockholders at a gen
eral meeting of stockholders convened for
| that purpose, of which meeting thirty days
| previous notice shall be given in one of
| the daily newspapers published in the City
! of New Orleans. and a majority in amount
| of the capital stock shall be required to
| elect. Said commissioners shall have all
the rights and authority usually conferred
| upon such persons by law and remain in
| office until the affairs of said corporation
| shall have been fully liquidated and set
| tied and in the event of the death OF one
or more of said commissioners the re-
| manning commissioner or commissioners
| shall continue to liquidate and fully settle
| the affairs of this company.
| ARTICLE IX--NO stakeholder shall ever
| be held liable or responsible for any of
the contracts or faults Of the said corpora
| ton in any further sum than the unpaid
| balance due on the shares of stock sub
| scribed for by him, nor shall any mere
| informally in the organization have the
effect of rendering this charter null nor
| of exposing any stakeholder to any liabili-
| ty beyond the amount due on the stock
| subscribed for by him.
Thus done and passed, in my Office. at
! the City OF New Orleans, on the day.
month and year first above written in the
presence of Ruth NJ. Seller and Amanda
| &. Stechmann, competent witnesses, who
have hereuntO signed their names with the
said appearers and me, notary, after read
| ing the whole.
Witnesses: Ruth NJ. Seller, Amanda c.
| SteChmann.
Joseph \. Bisso. III Walnut ST.. New Or
| leans. La, 700 shares; W. A Bisso, 123
| Walnut ST.. New Orleans. La, 800 shares
| Alex. l.. Bisso, $40 Audubon St. New Or
| leans, La, 100 shares: J. w. Tyler, 1927
Magazine St. New Orleans. La, 80 shares.
| A. a MORENO,
Notary Public
| VI. o. Il. 1853, folio 81
| August 18th, 1927, A. D.
| Sept. Oct. q.