The herald. [volume] (New Orleans, La.) 1905-1953, 1921-07-07
CHARTER.

subscribed for, or II may be issued &c not
less than par in payment for lr'r"Tty
actually received.
ARTICLE vI.-This corporation shall
begin business and be a going concern as
soon as Twenty Thousand Dollars 1920
OO0.00l of stock shall have been subscribed
for. Said capital stock may be- creased
up to the sum of Forty Thousand Dollars
in any manner provided for 10y the laws OF
this State. and whenever az Increase of
said capital stock shall have been au-
thOriZed, fifteen days written notice shall
be given to each stakeholder within which
time the present stockholders in the ,.r-
poratiOn shall have the right to subs rihe
to said increase of stock in proportion 90
the number of shares Of stock held by
them and which shares shall he paid FOR
! at such time and in such manner rs the
| Board of Directors may direct. After the
| expiration OF the said subscription ana
payment. the Board of Directors may dis.
! pose Of the shares not taken. for the hen.
eft of the corporation. I'm such manner ~
| they think proper, Mt not less than par.
ARTICLE VII.-All transfers Of stock
| shall be made on the books of the COrpOr-
alton by surrendcring the certificate there
| of to the presiding officer, who shall write
! the word cancelled" prominently across
the face thereof and erase the Presidents
| signature therefrom before issuing a new
| certificate.
ARTICLE vUI.-At all elections by. or
| meetings of, the stockholders, each share
|
either by the person in whose name the
stock appears ON the books of this cor
pOratOu at the time of voting or by
| an attorney holding said stockholders
written proxy.
ARTICLE IX.-Thr business and cor
pOrate affairs of this corporation shall
| be transacted by n Board Of Directors of
not less than three directors, nor more
| than five Directors. to he composed of
| stockholders thereof and they, and each
| a ha OLE oil ut M n "A
| he held for that purpose. Any vacancies
| In the Board of Directors SO elected shall
be filed by the said Board of Directors.
MessrS. +. DeSpOrte, Jr., T. J. DespOrte,
| Edgar Beale whose pOStOffcc address
| shall he 800 GOdchauX Building New Or
leans, La, shall constitute the first Board
| Of Directors, and shall hold office until
first Monday in January. 1922. or until
their successors are elected and qualified
and each subsequent board shall have
their seats Immediately following the O.
| lection, or as soon thereafter as practi-
cable, and shall hold their office until
their successors shall have been elected
and qualified. The Directors hereinabOve
| named shall elect their own Officers. The
| stockholders may at any time appoint
the two additional directors provided for
| in this charter to serve cOncurrcntly with
| the other directors herein named. On
January 2nd, 1922 and annually there
after, an election for directors by the
stockholders shall be held at the office
Of the corporation. after fifteen days no.
tice thereof shall have been given by no.
| tice mailed to each stakeholder at his
last known address. Every Board of Di-
| rect0rs shall. at its first meeting after
its election, or as soon thereafter as prac-
ticable. elect from their own number
President, Vice President, and n Treas
urer. The Board of Directors shall also
elect Secretary who may, or may not.
be member of the Board. The office OF
the Secretary and Treasurer may be filled
by one and the same person, at the dis
erection of the Board. \ failure to elect
directors on the date above specified shall
not dissolve the corporation. but the then
existing Board of Directors shall continue
in office until their successors are elected.
Fifteen days prior notice shall he given
in the manner hereinabOve provided, which
notice shall be full and complete notice
! to all stockholders of such meeting. Any
director shall have the right to be repre-
sented at any meeting of the Board of
Directors of this corporation, by an at
tOrney holding the Directors written
, proxy. The majority of the members of
said Board of Directors shall constitute
| a quorum for the transaction and man
agement of all busness Of said corpora
ton. They may make such by laws. rules
, and regulations as they think proper for
the transaction of the business and affairs
Of said corporation.
ARTICLE X.-This act of incorporation
. may be changed, modified or altered, or
said corporation may be dissolved with
the assent Of three-fOurths of the amount
, Of stock present or represented at any
general meeting of the stockholders OF
said corporation, convened for that pur-
pose, after previous notice given in the
manner hereinabove set forth in Article
". But any and all meetings OF Stock
holders, whether for purpose of liquida-
/. ton or for any other purpose may be
held at any time without notice, by unan-
imOus consent Of all stockholders filed In
, writing by the Secretary.
ARTICLE XI.-The President or acting
President, may, in his discretion, and
shall upon written request of one stock
: holder, call a special meeting of the stock
holders of this corporation.
ARTICLE XII.-No stakeholder shall
ever be liable for the contracts or faults
Of this corporation in any further sum
than the unpaid balance due the Company
on the shares owned by or Subscribed for
by him. nor shall any infOrmality In the
organization have the effect of rendering
: this charter null or of exposing the stock
holders to any liability.
ARTICLE XIII.-Whenever this corpor-
alton is dissolved either by limitation or
| from any other cause, Its affairs shall be
liquidated under the superiptendency OF
three stockholders, to be chosen for that
! purpose by three-fourths in amount OF
the stockholders present or represented at
a general meeting of the stockholders at
which the election is held. Said COM
missioners shall remain in office until the
affairs of said corporation shall have been
: one of the commissioners, or refusal or
, inability to act, the remaining commits
! sioners shall continue to act, and shall
select another stakeholder in the place
and stead of the commissioner who has
ceased to act.
| This said charter shall serve as the
original subscription list, the subscribers
! hereto having set opposite their respective
names the number of shares of stock for
which they have subscribed.
al In N
5 the City Of New Orleans, aforesaid. on
the day. month and year first above writ
: ten In the presence Of Louis Goldman and
: l.. Walter Cockfield competent witnesses
8 residing in this parish, who hereuntO sign
: | their names with the said appearers and
( me- Notary, otter due reading Of the whole
r WITNESSES: Louis Goldman, l.. Wal
q ter Cockfield.
(SIGNED) K. Desporte, Jr., 80 shares
!, Theo. ]. Desporte, 80 shares, Edgar Beale
!, 2 shares.
h JNO. c. o'CoNNoR.
q Notary Public
s i, the undersigned Recorder Of Mort
r cages. In and for the Parish of Orleans
e State Of Louisiana, do hereby certify that
9 the above and foregoing Act Of IncOrpora
!, ton, Of the Desporte Packing Co. was
r this day duly recorded in my office. in
' Book 1858, Folio G04. New Orleans, June
0 9th, 1921.
( (sIGNED) ROBT. SCOTT,
!. Deputy.
q JNO. C. o'CoNNOR,
o Notary Public
0 June 23-July 2s.