The herald., 1921-05-05
CHARTER.

rectors may at any time elect additional
directors up to the full number. All va
cancies in the Board OF Directors from
whatever cause arising. shall be filled by
the remaining directors and any director
NAV authorize any other director or STOCK
holder to act as his proxy ana rePres,n'
him at any meeting of the Board OF III
rectOrs.
The officers of the corporation shall De;
4 president a vice-president, secretary
treasurer who shall be elected by the
Board of Directors, immediately, or as sum
as possible after their own election
The annual meeting shall be held on the
first Monday in March of each year; ana
the first annual meeting shall be held on
fhe first Monday of March 1922, until
which time the Board of Directors and of
fcers named in this charter shall hold
Office and until their successors are elected
and qualified. The following shall con-
stitute the first Board of Directors:
L. Il. DeBuys. State and Franklin SIS"
New Orleans. La: Lucas f. Moore, NelN
Building, New Orleans, La; Joseph Lee
Rhodes 3l6 CarOndelet Street, New Ut
leans. La, with l.. r. DeBuys as president
Lucas +. Moore as vice-president ana
Joseph Lee Rhodes as secretary treasurer
Failure to hold the annual meeting shan
not invalidate this charter, nor impair IN
same. in any respect. but the directors
| shall continue to hold Office until their
| successors are elected and qualified.
The Board of p'-~r"" s. WAY ." 49,
! amend or repeal such bylaws as Sald
| not inconsistent with law, or with TN
! charter The Board of Directors may nj
any time name and appoint such oncers'
agents and employees as the Board may
| deem proper. and may prescribe the duties
| of all officers: and fix their compensation.
! ARTICLE VI-The act of incorporation
| may be amended. modified. or altered, or
said corporation may be dissolved with the
| consent of the stockholders holding two
/ thirds of the capital stock of the corpora
| ton, at a general meeting of the stockhold
ers held for such purpose, after htteen
| days previous notice of such meeting snail
| have been mailed to such stockholders at
| their last known poStoffice address, whlch
notice may be waived by unanimous con-
| sent.
ARTICLE vII.-No stakeholder shall be
held liable for any of the obligations, CON
tracts or debts of this corporation. nor
shall any informality in the mode of in
corporation, have the effect OF render
ing this charter null or of expos
ing any stakeholder to any liability, be-
yond the unpaid balance due on the shares
of stock owned by him.
ARTICLE VIII.-When this corporation
is dissolved, or If for any reason its af-
fairs shall be hquidated, its affairs shall
be liquidated by one or more liquidators
who shall be elected from among the
stockholders at a general meeting of the
stockholders convened for such purpose.
Said liquidator or liquidators shall re-
main in Office until the affairs OF the cor
and he. or they. shall receive such COM
pensation and have such powers and
duties as the stockholders may provide.
In case Of the death or resignation or in
ability to act. of any of said liquidators.
the stockholders shall fill such vacancies.
ARTICLE IX.-The parties hereto have
annexed to this act of incorporation an
accurate, detailed and itemized descrip-
ton of the property transferred to this
corporation, together with the value there
of as approved by the Board of Direc-
tors, and the same has been signed by
the parties hereto and Photographed me
Varietur" by me- Notary.
The names and postoffice addresses of
the subscribers, and the statement of
the number of shares of stock each agrees
to take in this corporation, is as follows,
to-wit:
c. w. Hopkins. First National Bank
Bldg, Newport News, Va, so shares; L..
II. DeBuys, State and Franklin Streets,
New Orleans. La, 80 shares; Lucas f.
Moore, Weis Building, New Orleans, La .