The herald., 1921-04-07
CHARTER.

of this provision; and such sale or transfer
if made, shall be void, and TINS eompahH
shall be under no obligation to list SAID
stock on its books or to regard the holder
of the certificate thereof. =.
ARTICLE VII.-The corporate powers OF
exercised by a Board of Direcorts COM
posed of five directors, a majority OF whom
shall constitute a quorum for TRANSACTION
of business.
The directors of this corporation may
vote in person or by written proxy, at any
of the meetings of the Board of Directors,
and the Board of Directors may delegate
any of its powers to any officer or othcers'
or any other representatives OF the com
pany, by appropriate resolution to that
effect.
The first Board of Directors of this cor
poration shall be composed of q. ID. Cleve-
Edward Marx, Adolph Diefenthal. with o.
u. Cleveland. as President; Neville Levy,
Vice-president and Secretary; Lester
Seidenbach. Treasurer; and they shall
serve until the second Wednesday in Feb
ruary. 1922, or until their successors are
elected and qualified.
The directors of this corporation shall
be elected annually by the stockholders,
at a meeting held on the second Wednes-
day in February of each year thereafter.
Notice of such meetings shall be given
fifteen days prior to the date of the meet
ing, in writing. and sent to each stock
nHl0pr at MS laSI hnONn duuTtSS-
Each stakeholder, shall, at such annual
meeting or other meeting, general or
special. be entitled. in person or proxy,
TO one vote for each share of stock owned
by him. Elections shall be held under
such rules and regulations as may from
time to time be determined by the Board
of Directors.
The directors, when elected, shall hold
office for one year, or until their sue
cessors shall have been elected and quail
fed and failure to hold the annual meeting
of stockholders, or to elect annually the
directors, shall not operate the forfeiture
of this charter or any rights hereunder.
Any vacancy occurring in the Board of
Directors may be filled by the Directors
for the unexpired term. Any director may
give his proxy to vote at directors meet
ings, to any stakeholder.
ARTICLE VIII.-This Charter or Act of
Incorporation max be changed, modified,
altered or amended by and with the
consent of twO-thirds of all the stock
present at any meeting, general or special,
held for that purpose; and such amend
ment may be material or immaterial, sub
ject only to limitations as may be by law
provided; and this corporation shall have
the power to increase or decrease its capital
stock. as hereinbefore set out, and any in,
crease in the capital stock, in excess OF
the amount named herein as the amount
to which 1t may be increased may be made
by a three-fourths vote of all outstanding
stock.
ARTICLE IX.-Notice of any and al
meetings referred to in this Charter OIL
required by law shall be given in tn,
manner provided in giving notices in cas'
of elections, unless the same shall have
been waived.
In case of the dissolution. liquidation oil
termination of this Charter by Limitation
or otherwise. the affairs of this corporation
shall be liquidated by one or more liquidat'
Ors elected by the stockholders, who may
provide the number of said liquidaeOr,
and vest them with such power and author
ity as may by law be permitted, and fa
the terms and conditions upon which they
shall serve, and their compensation, anC
provide that in case of disability of any
one of said liquidators, the remaining
liquidators may nil the vacancy or ~continu,
to act on behalf of the corporation.
ARTICLE X.-NO stakeholder of thi:
corporation shall be held liable or re
sponsible for any costs, contracts, debt:
or faults of this company. or any of it
officers, nor shall any mere informality il
organization have the effect of rendering
this charter null and void, or of exposing
a stakeholder to any liability beyond thu
unpaid balance due on the stock held b!
him.
ARTICLE XI.-The subscribers hereto
have written opposite their names tn
number of shares subscribed to by each o.
them, and their postofice addresses, 81
that this charter may serve as the sub
scription list of the corporation; all o
which subscriptions are payable in tn,
manner and form set out herein.
Thus oone and passed, at my office, ii
the City of New Orleans, Louisiana. on tn
day, month and year herein first abov,
written, in the presence of Paul T.. Chase
and A. Holland competent witnesses, VIII,
have hereunto signed these presents witt
the said appearers and me, Notary, afte
due reading of the whole.
witnesses. Paul f. Chasez. A. Holland
HERMAN l.. BARNETT,
Notary Public
I. the undersigned, Recorder Of Mort
cages in and for the Parish of Orleans
State Of Louisiana, do hereby certify tina
the above and foregoing Charter Of tn
Equitable Equipment Company, Inc, wa
this day duly recorded in my office, Il
Book 1858, folio go.
In faith whereof. I have signed thes
presents, at New Orleans, Louisiana, OF
this 18th day of March, 1921.
ROBT. SCOTT, by. Recorder
A true copy.
HERMAN l.. BARNETT.
Notary Public
March "a to April %.