The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-26
CHARTER.

hereof he shall hrst 0ner same TO tne re-
naming stockholders, in proportion TO
heir respective holdings, at his book
value This offer Is to be made to appear ;
by letter addressed to each stockholder,
AZ his last known address, giving thirty
DAYS option. At the expiration OF Which
time the stakeholder desiring to sell his
stock shall be at liberty to do so at what
ever price and to whom he may please
The capital stock of this corporation may
be Increased to one hundred thousand
four hundred (400) shares, or forty thou
sand (S4O 900 OO) dollars of preferred stock,
and six thousand 10000 shares or sixty
(S60,OO0.O0) dollars of the COM
mon stock.
ARTICLE y.-All the corporate powers
of this corporation shall be vested in and
exercised by a Board of Directors COM
posed of not more than seven, ana not less
than five Directors, each of whom shall
own in his own right, on the books OF
This CORPORATION, not less than ten un-
pledged shares of preferred stock, a ma
iority of whom shall constitute quorum.
Members of the Board Of Directors snail
be elected for a term Of, one year at the !
ANIMAL meeting of the company, which |
shall be held on the tenth legal day OF
April of each year. The Board OF Dlrec-
tors at their first meeting following each
annual election, shall elect from among
their number a President, a Vice Presi-
dent and a Secretary Treasurer, and sucn
other officers as the Board OF directors
shall deem necessary. The Board OF d.
rectors shall have the authority 10 unite
TWO or more Offices in one and the same
person. 1t shall also have the power ana
authority to fix the salaries OF onlcers ana
other employees, and terms OF employment
o make and establish, as well as 10
alter and amend, such bylaws, rules and
regulations as may be necessary or proper
for the support and management or the
business and affairs of this corporation;
10 borrow money and through the Presi-
| 4 authorized
or agents. to execute mortgages, issue
! notes, pledges, bonds or other obligations
! in such amounts, and on such terms and
conditions, as in his or their Judgment
may be beneficial or advantageous to this
| corporations; and, generally, TO 90 al
! other acts or things as may be necessary
proper or convenient to carry out the
/ objects and purposes of this corporation I,
J and also to issue and deliver full-paid
| shares of stock, bonds or obligations OF
said corporation in payment OF money Dor,
rowed, or for labor, property and good
will as hereinaboye set forth. All cleo
tions shall be by ballot. and any Director
absent from any meeting may be repre-
| scented by written proxy.
/ The Board of Directors shall have the
right by unanimous vote, to sell, lease
mortgage by bond or otherwise, or 10
pledge any or all Of the property of this
81 corporation, and to receive in exchange
therefor money or stock or bonds or other
obligations of an individual, hrms or Other
} 4
shareholders for the right or authority to
do so, and they may also purchase fol
stock in this Company property OF any
kind required for the purpose of this cor
poration, upon complying with Section
Of Act 267 of 1914, as above recited.
The following named persons shall con
stitute the first Board Of Directors of thf'
: corporation, to-wit: Camire ]. Malbor
ough 1907 Ursuline street, New Orleans
, La; Mumford Michel, 1414 Robertson
/ IL III q
bert. 21O5 Columbus street, New Orleans
J La; Stanislaus ]. Hebert, 210o Columbus
, street, New Orleans, La; Albert j.
t Hebert, r. f. d.. No. 2, Jefferson Parish
a President, Robert ]. Hebert Vice-Presf
dent, and Albert J. C. Hebert Secretary
Treasurer. and these officers and direc
: tors shall hold Office until the tenth lega
? sors are duly elected. Thereafter the di
? rectors shall be elected annually on tn
; tenth legal day OF April of each year.
majority of preferred stock shall be neces
I sary to elect. Failure to hold an election
5 for directors as above recited shall no
I work a forfeiture of this charter, but tn
: old Board of Directors shall remain i
e office until their successors are dul
: elected and qualified.
!, ARTICLE yI-The Board of Director
r shall hold regular meetings at such time
: as shall be fixed in the bylaws of thi
d corporation but the President may ca
a special meetings Of the Board of Director
at such times as he may deem advisable
: and he shall be required to call sue
: special meetings at the request of mem
5 Der of the Board of Directors. Three day
n written notice of such special meeting sha
Q be given to the directors unless waive
!, of such notice is signed by the director
Any vacancy occurring in the Board {
Directors. either from death, resignatio
, or inability to serve, shall be filed by IN
"a remaining directors at its next reguls
| aaff oft
- occurred.
y ARTICLE vII.-The stock Of this co
a poration may be transferred, provide
n, such transfers shall be recorded on Il
n books Of this corporation. before 1t sha
In be required to recognize the transfer,
20 the new holder of the stock.
al ARTICLE vIII.-This charter may
TO modified or altered, the capital stock Il
to creased or decreased, or the corporate
u may be dissolved with the assent of tw
r thirds of the preferred capital stock pre-
Id ent or represented at any special meetiI
p of the preferred stockholders held for tn
rs purpose, after prior notice in writing
n each stakeholder, mailed to him at his Ia
C. known address. all in accordance with {
is terms of Act 267 of 1914.
TX ARTICLE IX.-At the expiration Of tn
to charter, or fits earlier dissolution from al
Is cause, its affairs shall be nquidated by o
r. be elected by the preferred stockholdel
nd ALI Of whom shall hold preferred stock
this corporation, and said liquidators a
in hereby vested with full power and a
ty thority to liquidate the affairs Of this CT
TO poration, with full power to act under
of terms of Sections 80 Of Act 267 Of 1914
0) ARTICLE X.-The appearers hereby ,
0) clared that thev have subscribed to
|0) following number Of shares Of the comm
nd and preferred stock Of this corporate
to-wit:
Id, Camire ]. Marlborough, 1907 Ursuli
street, New Orleans, La. twenty sew
ed (2O shares preferred stock, ten q
he shares common stock.
OIL Mumford A. Michel, 1414 Roberts
by street, New Orleans, La, twelve G
of shares preferred stock, ten shares G
he shares common stock.
err Robert J. Hebert, 2105 Columbus sire
ck New Orleans La, twenty-one CID sha
he preferred stock, ten Qo) shares comm
m, stock
Ids Stanislaus J. Hebert, 2105 Column
~ street. New Orleans, La, ten (10) sha
ed preferred stock, ten (10) shares comm
or stock.
irs Jefferson Parish, La, one hundred q
or sixty C160) shares common stock ;, ten
red shares preferred stock.
nee The total amount of subscribed ST.
Id as herein set forth is the sum of ten tn,
to- sand ($1O.0OO.OO) dollars, divided as
ate lows: Eighty 1907 shares preferred ST
it'll or eight thousand ($8.00Ol00) dollars, {
cts two hundred (200) shares of two thouss
the (S2 900 OO) dollars of common stock, VIII
to is authorized to be fully paid and n
assessable for cash or In exchange
Ock property or both, according to law.
00) Thus done and passed, at my Office
00) this city of New Orleans, on the d