The herald., 1921-10-06
CHARTER.

first meeting of the stockholders held after
the passing of this charter. and the direc-
tors and officers so elected shall serve as
such until the third Monday in January,
1923, or until their successors are duly
qualified and eIecteG.
Absent directors may vote at any d.
re- tors meeting by 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
hlHg with the year 1928 and the board
~ directors shall have the right TO elect,
without reference 10 stockholders meet
ing, any stockhOlder to be a director.
Whenever vacancy may exist on the
board OF directors, through death. reSiguA-
ton or inability To serve.
ARTICLE E--1he corporate powers of
TINS corporation are expressed and set
tur,h by section seven a. of Act 2GT of
the year 1914 and shall be duly employed
d! and through the board of directors.
The board of directors may, without
Ft"r"Hr" 10 the stockholders buy, sell ami
mortgage real estate; buy, sell, mortgage
or hyp"therate any part or the entirety of
thr assets. business, rights or good Will of
TINS corporation, all upon such terms, con
GluonS. aud for such price, sums or as
sets rs 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 be member of the board
e: directors a. said board of directors may
determine. and which said general man
dS'r shall have such duties as shall be de
/ trrmlhtd by the board of directors and the
several officers of this company may dele
gate TO such general manager such duties
as are prescribed to their respective Onic'S,
as they may 6cslrc, subject, however. L.
the approval of the board of directors.
ARTICLE VINO stockholdrr of this
corporation shall ever be liable for any
d"bt Of the corporation other than the un-
paid portion of their subscription to stock
and no intOrmality herein shall subject
them to such liability.
ARTICLE NII-Amendment 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 1914
The capital stock of this corporation may
/ be Increased by amendment of this char
ter 10 any amount not exceeding the sun
/ 81 one hundred thousand (Sl000OO 0Ol dol
lars.
/ Thus done and signed on the day and
! date first hereinabOve mentioned, in tn,
city of New Orleans, i'll the presence OF
/ r. X. Harden and l.. X. Hoover, compe
/ tent witnesses, and me. notary. after
/ due reading Of the whole; the subscribers
! setting opposite their names the amount
! of stock they subscribe for, making thi,
! an original subscription list.
/ =. (Signed): Z. {. Upton. 2419 Milan st.
| New Orleans, / sharr; G.. \. Reyncfitte
/ 2O2l Pine st, New Orleans, l share l.. Il
/ Elliott, l20 ). COrteZ St, New Orleans,
/ share.
! Witnesses: (Signed) F. Il. Harden. /.
/ Il. Hoover.
! (SignedD: WARREN V. 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 IncOrpOra
/ ton, of the Industrial Adjustment Bureau
! Inc, was this day duly recorded in my
| Office, in Book 1868, folio 1l3.
New Orleans, September 18th, 1921.
(SignedD: ROBT, SCOTT,
Deputy Recorder of Mortgages
| y true copy of the original on file in my
| office.
| WARREN V. MILLER.
! Notary Public
/ Sept 22-Oct %