The herald. [volume] (New Orleans, La.) 1905-1953, 1921-11-03
CHARTER.

herein set forth to the same extent As
natural persons might or could do, and !n
any part of the world as principals.
agents, contractors, trustees or UtherN i~s.
and either alone or in company with
others.
| CN) In general, TO carry on any other
business in connection Herewith. whether
manufacturing or otherwise, not contrary
TO the laws of the State OF Louisiana. and
with all the powers conferred upon cor
pOrations by the laws Of the state OF
| Louisiana.
CO) The foregoing clauses shall be con.
strued both rs objects and powers. and It
is hereby expressly provided that the fore
going enumeration of specific powers shall
not be held TO limit or restrict in any man
ner the powers of this corporation.
! ARTICLE III-The amount Of the capi-
tai stock of this corporation is hereby
fixed at fifty thousand dollars $50 900 uUl
represented by fifty thousand shares OF
stock at the par value Of one dollar each
Said stock shall be paid for in cash, or
given, at par. in payment for property
actually received by said corporation. and
for services performed for the company.
| The shares Of stock shah be transferable
only on the books of the corporation and
| must be signed by the president and the
! secretary. and no transfer Of stock shall
! be binding or have any effect upon hi,
| corporation, unless and unit! made upon
| the books. No stakeholder shall be liable
for any further sum than the amount Of
his subscription, the capital stock Of this
corporation may be increased TO two mil
! lion five hundred thousand dollars or any
! portion thereof.
ARTICLE IV-The domicle of this cor.
pOration shall be in the City of New Or
| leans. State of Louisiana. All citations or
| other legal process shall be served on its
president, or in his absence on the vice
| president.
! ARTICLE V-This corporation shall con
! time to exist and enjoy life for a period
/ ha f.fa
and shall enjoy all the rights. privileges
| and immunities granted by law to such
| corporations; they shall have the power
| to sue and be sued, use a corporate seal
| the same to alter and amend at pleasure:
to own and hold personal, real or mixed
| property. to make notes, bonds. mort
| cages. or other evidence of debt.
ARTICLE Wall corporate powers of
| this corporation shall be vested in and eX-
| erclsed by a board Of directors COMPOSED
| Of not less than three. nor more than seven
! stockholders, elected annually at a meeting
| 10 be held on the second enid Monday of
| october of each year. majority of such
| directors shall compose a quorum for the
| transaction of any business. They shall
| be elected by ballot at said annual meet
| ing, either by proxy or In person. Notice
| OF sald annual meeting to be given to each
| st0ckholder at least ten days prior TO said
meeting. by publication in a daily news.
! paper of New Orleans. three times within
| said ten days. Within a week after the
election of said board of directors as
above provided for. they shall elect from
| among their numbers, a president a vice
| president and secretary and a treasurer
| or the last two offices of secretary and
| treasurer. may be held by the same person
at the will of the board of directors and
| said board may appoint managers clerks
| agents employees as they see fit and regu-
.-te the salaries to be paid them Al, On
hcers and members of the board Of direc-
| TORS shall hold office for one wear from
| the date of their election, or until tbeir
| qualified. anu
| ARTICLE YII-The board of directors
| shaII nave the power to appoint an execu
| i've committee to be composed of as many
members as they see fit. and TO vest the
| Sald executive committee with such powers
and authority and duties as in the dis
cretion of said board may be proper for
III enicleht conduct OF the business of
| this corporation.
ARTICLE vIII-The board Of d,rsc,ors
snail have power to make and ESTABLISH
as Wen as alter and amend all bylaws
rules and regulations necessary and proner
aSt Lhe support and management of the
analrs ana business of the corporation
ana not inconsistent with its charter The
ooaIu snail nave power, without referring
20 the stockholders, to borrow money ey
honds nnortgages, and issue notes, pledges.
PONDS or other obligations in such amounts
ana on such terms as in their indignant
ma! pe advantageous, and generally 10 do
an thihgs reasonable. necessary or con-
bnsinass ioF s t me proper carrying on of the
oe usllesS OF the corporation; and they are |
especially authorized to issue and deliver
Iui PAID shares Of stock and bonds or
oDngations of the company in payment Of |
p'opeIy acquired by said corporation.
sb aihft t N-The board of directors
s sn nave the power, by a vote of NOT less |
tuan two-thirds of all directors. 10 saII
an OF any part of the property movahIa
To- innInoVaoie, belonging to the corpora |
money 70 receive In exchange therefor |
IONS Oh another individual firm or CO.
poratlon OF any character, without refer
ins 10 the shareholders for power IN do so
and d;-. ee'ihg OF the board of directors |
ana director absent from the meeting MAJ
oe represented by any other director VIII
ma! East vote OF said absent director &C
corulng TO the written instructions of ssid
absent director "a Saiu
ahiICLE X-This act of INCORPORATION
amended, or this corporation NAV he Az,
eoNeu' IN the manner provided by law h.
a Two thirds vote of the entire outstsnG
oaPi.ai STOCK present, or represented at a
seheIdi meeting of the Stockholders con
vened for such purpose after nraviar I'm
ne snail have been given in the mannor
aoo.e required to be given of the animal
ste eng or the corporation. The capital
or dacrao cue corporation may be increased
WIN the laws Of the State of louisiana
ARTICLE KILT this corporation shan
oe oissoived, either by Limitation or from
any otner cause, its affairs shall be Iionj-
ud,ed Dy three commissioners m no a.
polhted at meeting of Stockholders con.
e"su Ior the purpose of liquidation. and
70 De elected by a majority vote of tha
stsoIiiHnolders present, which uouidators
snan remain In office until the afairs as
sa .e corporation shall have been fnIIv
sed and lquidated, and thew shah hay
a nii power and authority to transfer and
give CIV title to all the property and assets ~
ene corporation, and to distribute the pro
eeeus, In case of DEATH disability or 70
snatioh or one or more Iiouidators tho
survivors. W the survivor or
Thus done and passed in nv oe,ca =.
d 1ne city or New Orleans, Louisiana on tba
Hay, month and year first above wr;ttan
Fl Tue presence of Theresa Sxett ga
L L Cornay, competent witnesses ~ho
t nave hereunto subscribed their names
n noseener with me, notary, and said an'
pe Ws, after due reading of the whole
SWEET Norhay' Theresa
toRIGINAL SIGNED):
NJ. .. Epley, 240O0 shares. New O-,oo,s
aoi Seaton Veith, 24OOO shares San AZ
Wa Iexas: L. P. Crigler. 1000 sbaras
New nric. Mich; Jos. Delery, 1000 shares