The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-29
CHARTER.

first meeting OF the stockholders. held after
the passing OF this charter, and the dirrc-
tors and officers 80 elected shall serve aS
such until the third Monday i'll January.
1923, or until their Successors are duly
qualified and C;eCteG.
Absent directors may vote al any di-
reCtOrs meeting by u written proxy To
another director given for that particular
meeting.
Meetings of the stockholders for the
election of directors shall be held yearly
on the third Monday i'll January. begin
ming with the year 1923. and the board
of directors shall have the right 10 elect.
without reference Ia Il stockholders meet
ing, any stakeholder To hr director.
whenever Il vacancy may exist on the
board of directors, through death. rc>iEna-
ton or inability /" serve
ARTICLE V-The corporate powers of
this corporation are expressed ami set
forth by section seven "a of Act 26i "t
the year 1914. and shall bc duly employed
10y a1d through the board OF directors.
The board of directors may. without
reference to the stockholders. buy. sell and
mortgage real estate: buy, sell mortgage
or hypOthecate any part or the entirety al
the assets. business, rights or good will of
this corporation, all upon such terms. con
ditions, and for such price. sums or as
sets the board of directors shall deter
mine.
The duties of the several Officers shall
adopted by the board of directors and
amended or altered at their will; and they
shall have the right TO employ, under con
tract or otherwise. "A general manager. who
may or may not he Il member of the board
Of directors. as said board of directors may
determine, and which said general man
agsr shall have such duties as shall he de-
trTminrd by the board of directors ana the
several officers OF this company may dele
gate to such general manager such duties
a. are prescribed to their respective offices.
as they may ce>irr. subject. however. To
the approval of the board of directors.
ARTICLE VINO stakeholder of This
corporation shall ever be liable for ANY
debt of the corporation other than the un-
paid portion of their subscription I" stock
and no infOrmality herein shall subject
them to such liability.
ARTICLE VII-Amendmcnt of this char
ter. or liquidation of the corporation shall
be subject to the rules laid down in Act
267 of the Louisiana Legislature of l9ll
The capital stock of this corporation may
be increased by amendment OF this char
ter to any amount not exceeding the sum
If one hundred thousand (SlOO,OWOO) dol
lars.
Thus done and signed on the day and
date first hereinabOve mentioned. in the
City of New Orleans, in the presence OF
f. X. Harden and l.. Il. Hoover, compe-
/ tent witnesses, and me-, notary, after Il
due reading of the whole; the subscribers
setting Opposite their names the amount
of stock they subscribe for. making this
an original subscription list.
(Signed): +. G.. Upton, 2il9 Milan 81.
New Orleans / share: G.. \. Reyncttte
2O2l Pine St. New Orleans. l share; l.. Il
Elliott, 100 s. COrtez St, New Orleans,
share.
Witnesses: (Signed: +. r. Harden, l.
X. Hoover.
(Signed): WARREN '. MILLER.
Notary Public
|. the undersigned Recorder of Mort
! CAGES in and for the Parish of Orleans
! State of Louisiana do hereby certify thai
/ the above and foregoing Act of lnrOrpora
/ ton. of the Industrial Adjustment bureau
/ Inc was this day duly recorded i'll my
I office, in Book 1863 folio 1l3.
New Orleans September 18th, 1871.
(Signed): RoBl' S'oll'
Deputy Recorder of Mortgages
! 4 trup copy of the original on file In my
| office.
| WARREN V. MILLER.
Notary Public
I Oct