The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-24
THE HERALD, NEW ORLEANS. LOUISIANA
CHARTER.

ing and cross-ties; and generally to do
every act and thing necessary or usually
done in connection with the business TO
be carried on by this company.
ARTICLE Iy.-The capital stock of this
corporation shall be twenty-five thOus-
and (S25 OO0.00) dollars, divided into two
hundred and fifty ESQ shares of the par
value of one hundred ($1OO.OO) dollars
each, and may be increased to the sum
of fifty thousand (SJO.OOOOO) dollars, di-
yided into five hundred 5000 shares OF the
par value of one hundred (SlOO.OO) dol
lars each. and this corporation is to be
n going concern when one-half of the
capital stock has been subscribed and one.
half of which subscription has been paid
for.
titled to one "a vote, either in person OF
by proxy at all general elections or meet
ings of the stockholders.
ARTICLE V.-No stakeholder shall ever
be held liable or responsible for the In
debtedness, faults or defaults of this cor
poration. nor shall any mere informally
in the organization of the corporation have
the effect of rendering the charter nun
or of exposing the stockholders to any la
bility beyond the unpaid balance, If any
on their subscriptions.
ARTICLE VI-This corporation shall
have all powers granted to such corpora
tions by law and shall have the power t.
contract sue and be sued in its corporate
name. and to own, hold, receive, loan
lease purchase. sell and convey or mort
gage any and all of its effects, or TO hypo
thpcate its property and To do any ana al
acts and things of any other kind. nature
or description as may be necessary e
carry out the objects and purposes of said
business. as its interests and c0nVenlence'
may require.
ARTICLE VII.-The business of this
CORPORATION shall be directed by and vest
ed in a Board Of Directors of three mem
bers two of whom constitute quorum
for the transaction of business ana th'
said Board of Directors as first cOnstl
tuted shall be composed of David ;. Cor
don Daniel Il. Williams and George l.
Ferchaud. and they shall hold office untl
the last Monday in January. 1922, and OF
that day and on the same Thereafter eaci
year. elections shall be held for directors
at the principal Office of the corporation
and the election shall be held between th'
hours of ten and twelve a. III.
David :. Gordon shall be first presiden
of this corporation; Daniel Il. Williams
shall be first vice-president and George l.
Ferchaud shall be first secretary treasurer
and they shall hold Office until the las
Monday in January, 1922.
Fail6re to hold an election on the day
specified shall not dissolve the corporation
but the directors shall hold their respec
tive offices until an election shall be helC
after thirty days notice of the time ant
place thereof given to each stakeholder
Directors may act either in person o.
| by proxy.
ARTICLE VIII-Whenever this cor
poration is dissolved. either by limitation
or for any other cause. its affairs shall b.
liquidated by the Board of Directors, WHIT
are hereby vested with full power to sci
any or all assets of the corporation, eithe
separately or in Il mass. and to convey
| full and complete title thereto, and shall
have full power to do and perform all act
necessary and proper to fully and com
| pletely liquidate the affairs and distribute
| the proceeds, If any, among the stockhOld
ers of the said corporation to the amour
of stock held by each.
ARTICLE IX.-This act of incOrpOra
| ton may be amended. altered and modified
| or this corporation dissolved. in the man
| ner provided by law.
| Thus done and passed, in my nOtaria
office. in the City of New Orleans, on tn
| day, month and year first above written
| in TIN, presence of Ruth NJ. Seller AM
/ Gladys +. Rider, competent witnesses, VIII
hereuntO sign their names, together witt
the parties hereto and me, Notary, afte
| reading of the whole.
| ORIGINAL SIGNED:
q. f. Ferchaud, 3O6 Whitney Bank Bldg
New Orleans. La, 81 shares; ID. Il. Viii
| liams. 800 Whitney Bank Bldg, New Or
| leans La, % shares; ID. $. Gordon. pc
G. F. Ferchaud. 306 Whitney Bank Bldg
| New Orleans La, II shares.
| witnesses: Ruth NJ. Seller, Gladys /
Rider.
| Notary Public.
! A true and correct copy of the Origina
| now on file and of record in my office.
/ Recorded in NJ o. Il. 1858, folio 50, o
| Orleans Parish. -
| A. A. MORENO,
Notary Public.
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