The herald. [volume] (New Orleans, La.) 1905-1953, 1921-10-06
CHARTER.

| of the stockholders entitled 10 vote shall
| be open TO Inspection by the stockhOIuer'
at the place of said meeting. Al saly
| election. and at all other meetings U
| stockholders. the voting shall be by Oallot
| and each stakeholder shall be entitled u
| one vote for each share Of stock standing
| III his own name on the books OF the com
| pany to be cast IN person or by proxy.
| Fifty Der centum Of the outstanding
| capital stock OF this corporation shal
! constitute Il quorum at any and all meet
| iugs IOr the transaction OF any ana III
| business except ns otherwise provided US
| law. The majority OF stock voted ut any
! said meeting shall decide all questions
| except Us otherwise provided by law, oI
by this charter.
| Vacancies occurring in the board OF oil
| rcctOrs, because OF death. resignation vi
otherwise shall be- filed by the remaining
members OF the board by selection from
| the other stockholders.
| The failure to hold an annual election
| or to elect directors as above provided
! shall not dissolve the corporation. but the
| directors and officers then in onlce shaii
| cause AN election to be held as soon as
possible thereafter, notice OF which shall
| De gwen as above provided for the hoIulhE
| of the annual meeting of the stockholders
pending which elS.tIOu the then directors
and officers shall remain as such untl!
their successors have been duly elected
ana shall have qualified.
Inc board or directors SHdll "ltHih
thirty days of each annual election, elect
from their own number a president and u
Icr-prcsidcnt, and shall also elect Il See
Rotary and Il treasurer, and SHAH nave
power to combine tie offices OF secretary
and treasurer iii one person.
The board of directors shall have the
power Of dclrgating all or any Of its power
IN the transaction OF the business Of TINS
corporation to committee or committees
OF Its own body or to officers ana agents
Of this corporation, ana the board or dl-
rtCtUrS may appoint from time TO time
such officers, managers, clerks agents or
employees, as they may deem neCessar!
or proper for the conduct Of the business
vi this corporation, and such officers. man
ayers, ClerkS, agents and employees, shall
mold office only at the pleasure OF the
board
Any and all directors shall hold Office
at the pleasure OF the stockholders, VINO
may at any general meeting held Tor tnat
purpose, on notice as above provided Tor
the holding OF the annual meeting Of the
stockholders, declare such directOrsnlps
vacant ana elect their successors and IL
snail be the duty of the president or sec
reary TO call meeting Ior that purpose
at the request in writing OF ten per cen
tum of the capital stock of this corpora
ZION then outstanding.
The board Of directors shall have power
10 adopt bylaws Tor the government OF
this corporation and to alter, amend ana
abolish the same at its pleasure at any
general special meeting of the board
and HO previous notice VI any intention
to alter, amend or abolish the bylaws
snail be required.
The first board of directors shall be com
posed OF Herbert W. Kane, Mrs. Ruth '.
name, Robert L. Fender and Mrs. Mary
Ming hane, whose pOstottice addresses
appear above. with Herbert W. Name as
president, Robert T. PeHder as vice-presl-
Mrs =
and treasurer, who shall hold their Offices
and exercise their functions until the an
nual election to be held on the nrst Mon
day in May. 1872 or until their successors |
are duly elected and qualified, subject 10 |
he conditions hereinabove provided.
ARTICLE VI-This act of incorporation |
may be modified, added to, or changed, |
Or said corporation may be dissolved in |
the manner provided by the laws Of the |
State of Louisiana. and at the time such |
lctiOn is taken, and whenever this corpora
lion is dissolved, either by limitation or
otherwise, its affairs shall be hquldated |
BY three lquidating commissioners TO be
elected at a general meeting OF the stock
holders called for the purpose or voting on
he question of liquidation, or thereafter.
md in case of the death or resignation of
my OF the said commissioners, the sur
living or remaining COMMISSIONER or COM
niSsioners shall continue 10 act; and In
ase of death or resignation of all of them,
ID by the stockholders " complete the
liquidation.
All meetings Of the stockholders and di-
ectors shall be held in New Orleans at
he office of the company, or If II has no
,ffice. at some other accessible place OF
and any or all notices provided
~ law or this charter to be given 10
tockholders or to directors may be waived
" the unanimous consent of the stock
FOLDERS or directors, respectively, except |
IS otherwise provided by the laws OF the
tate of Louisiana.
yer be held liable or responsible for the
Ontracts or faults of this corporation in
ny further sum than the unpaid balance
ue the company on the shares OF stock
for by him. nor shall any in
in the organization of this cor
oratiOn have the effect of rendering this
harter null, or of exposing any stock
folders to any liability beyond such I'M
aid balance due on said stock.
In order that this charter may also
erve as the original subscription list re-
uired by law, the subscribers TO this act
f incorporation have also written Oppo-
lite to their respective names their respec-
i've addresses and the amount of capital
took of this corporation subscribed for
y each of them.
The subscription of Herbert w. Kane to
linety eight (yS) shares OF the capital
took in this corporation, valued at nine
thousand and eight hundred $9,S0O.O0)
ollars, consists of, and is to be paid for
n tull by the sale and transfer to this
corporation by Herbert w. Kane of the
iarine Hardware Engine Manufacturing,
Iachine Shop and Boat Fitting Business,
conducted by kenner Brothers
[ No. 426 Camp street, New Orleans, now
wned by said Herbert W. Kane through |
urchase from kenner Brothers, together
18th the entire good will of said business
nd the whole stock in trade thereof, the
etails and description of said property
nd business, together with the appraise
tent thereof by the board of directors, is |
II more fully set forth on the inventory |
nd statement annexed hereto and made a
art hereof.
Thus done and passed in my office in
be City of New Orleans, Parish and State
foresaid, on the day and in the month
nd year first above written, in the pres |
nee of James Henry Bruins and Jeanne
Iatrel competent witnesses, who hereunto
ign their names with the said appearers
nd me, notary, after due reading of the
hole.
Witnesses: Jas. Hy. Bruins, ]. Hatrel. :
ORIGINAL SIGNED:
Mrs. Ruth V. Pender, 40 shares, 564i
hawthorne Ave, New Orleans, La; Mrs |
We, New Orleans, La; II. w. Kane, IS q
lares, 332 Charities ST., New Orleans, La. =
ebert L. Fender, l share, 43l Carondelet 7
l., New Orleans, La.
VIM. ]. HENNESSEY, II
Notary Public
epresenting Felix J. PUG, notary public. a
now absent on leave. v
l, the undersigned Recorder of Mort $
ages, in and for the parish of Orleans. /