The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-24
CHARTER.

Board of Directors shall serve until the
first day of February, 1922, or until their
! successors shall have been duly elected and
qualified. Thereafter the members elected
| to serve on the Board of Directors shall
continue in Office for one year or until their
successors shall have been elected ana
qualified. The Office of Vice President and
Treasurer Is combined. the Vice President
| to perform the duties of Treasurer also.
The stockholders shall elect a Board of Dt-
rectors on the first day of February, ana
the succeeding day If the same be a legal
holiday, of each succeeding year, who
shall serve for the ensuing year The
election of Directors shall be by ballot
| and the person receiving the majority or
or both, shall be declared elected. The
failure to elect shall not be regarded as
! forfeiture of this charter. For election
| purs Oses. and for any other purpose, the
holder and owner of stock shall be en-
| titled to one vote for each share thereof,
| and to cast same in person or by proxy.
\ Director may execute in writing his
power of attorney or proxy to one or ms
| cO-directorS or to n stakeholder of the cor
| poration to act for him and in his stead.
| y majority of the Directors voting at any
one time at a meeting of the Board OF III
| rectOrS shall be required to cast any reSo-
| luton or adopt any bylaw, ana Whlch
when adopted shall become valid cor
porate act. In case of vacancy on the
| Board of Directors, the remaining MEM
bers shall have the right to fill such va
cancy Said Board shall have the power
10 enact such bylaws. rules and regula-
tons as in their opinion may be neces-
Sary and proper for the management oper-
alton and control of the business of said
corporation. They shall have the right 70
employ such persons as they may see nj
and to fix their salaries or other compen-
sation.
| ARTICLE VI-Notice of all stOckhOd-
ers' meetings convened and held for the
election of Directors. or for any other FUR
pose, shall be given in writing by the See
] md ha PN-nH
deposited in the mail, at least fifteen days
PRIOR to the holding of such meeting, ad-
dressed to each stakeholder at his last
known address as the same may appear
! on the books of the corporation. and by
publication in one newspaper, published
( at the dOmicile of said corporation in th'
English language. ut least three times II
, | ten days. before the meeting Is held. Sald
: notice may be waived, however, in writing
: by all other stockholders, whose names
lappear on the books of the corporation a'
. shareholders. At all STOCKHOLDERS meet
E ings the majority of the votes cast. both II
. person and by proxy, shall be suthcient u
elect and determine all questions vote
upon. except for the alteration, amend
when the rules prescribed by law shall
prevail
ARTICLE VII-This act of incorpOra
ton may be altered. amended or modlne'
2 or the corporation dissolved by vote o
4 two thirds in amount of capital stock a
general meeting of stockholders caiIe'
. for that purpose after due notice shali nav
I been given. as provided in Article VI
: this Charter, and according to law; and Il
d case of dissolution of the corporation, Tn
u stockholders at such meeting snall eiec
e three commissioners of liquidation. wh
| have plenary power and entire charg
Il Of such liquidation and shall be veste
with full authority. to sell and dispose Q
: the assets of the corporation, and sha
have the right to fill any vacancies tina
may occur in their number from anon
the stockholders. and to distribute the Pre-
t. ceeds after all debts and obligations sha
$, have been paid among the stockholders !
Il proportion to the number OF shares mel
d by each.
u ARTICLE VIII.-No stakeholder sha
ever be held liable or responsible for IN
contracts or faults of this corporation
any further sum than the unpaid DalahS
due to the corporation on the shares SUI
scribed by him. nor shall any informant
in the organization have the effect OF rel
dering this charter null, or of exposing
stakeholder to any liability beyond q
amount of his unpaid balance that may
4. due on his shares of stock.
Thus done and passed in my office,
the City of New Orleans, State OF Loul
u iana on the day, month and year mr.
r. above written, in the presence OF Jno.
th Townsend and Joseph Rosenberg, comp
ar tent witnesses, who have hereunto sign
ed their names with said appearers and IL
ce notary, after due reading of the whole
Original si EiUed N par% OCEANS r. we
n shares: Albert ID. Gershner. 1874 s. Haga
nv New Orleans La. IL shares; a. ].
r. Boeuf. 500 Roosevelt Place, New orleal
he La, sixten shares.
er witnesses: Joseph Rosenberg, Jno
ne Townsend.
'se FRED. DEIBEL, Not. Pub
OF /. the undersigned, Recorder of Mo
n9 cages, in and for the Parish OF Orieal
no State of Louisiana, do hereby certify tn
res the Act of Incorporation of the Hub Az
III Co.. Inc, was this day duly recorded
ir- 49,. oHsoa IN poot 1872 Folio IA New
i've ny Ior 10 1901
he (Signed.) ROBT. SCOTT, by. Rec
nd A true copy. .(SealD
h v FRED. DEIBEL, Not. Pub
nd Feb, 3-March 10.