The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-08
CHARTER.

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nod In in, corporate name. 10 waI, .r.
u-, II corporal" seal. tie Sam, Zoo .....
or break al pleasure. 10 nam. aa. ...
lu.ut such managers. directors. u"...-.
clerks or agents ~ In, interest ..a ....
.rul-a,. OF sand corporation us. r.... ...
and through irs board Of directors O.. a.....
aud establish such bylaws ANA rules a..
Regulations iur tu, proper Maua-.... ..
ANA regulation OF the business au. .tI.....
of said ,urpurajiuu, as ma. boz u.,.--...
ana ,.Ar-4I,ut. and tine >au.r 60 ,.t,. ...
change nj pleasure. and tu general. goo
ANY. all and everything pertinent fu. cor
u ausui~r incident or necessary tu- -...
purposes or business OF the corporation.
without limitation or restriction hE rr..r
,urr. inference or otherwise, The utIu.r-
siacrcd construed aud Interpreted t...
as to objects aud powers. To exercise
and enjoy all powers. rights. and priv.
lc-,~ of whatever nature a. ar, l.u
granted under the law OF the Stat. e..
Louisiana. as well as such as mag here.
fter he granted to corporations a. This
character. Said corporation may tA-..
else its corporate powers IN any other
state OF territory in the United States
or foreign country That shall ue'mlt rlr
same. and may exercise amy ana al. 81 r.,
above powers and any additional POWERS
rights or privileges that Elay be- granted
10 corporations OF this rharacr,. los rly
laws OF sucu state. territory or ,uuufrt.
TO carry ON any and all business enter
buses. the sam" as natural person.
ARTICLE IN-The capital stock OF this
corporation i hereby uNed al The sum of
three hundred and hfty thousand dollars
$50 10000 divided into twenty tyv rLou~.
and dollars tS2J,UDOuoJ OF common STOCK
and three hundred and twenty-five ruuu-.
ana dollars (SJ2J.uvUUu Of preferred -tu. s.
an AT ne par value OF one hundred ""l-
IaIS 'Sl".VVJ per snare.
Al STOCK subscribed Tor sAali BE- ~.
apl' on >u'h terms as The board ~ tI-
F,Gs|fs may determine.
iLl> corporation ShaH ut E"IhS con
,'i . anu may ,oIr'-e hle business a' soon
as htty per cent OF the said capital sto.h
ShaI nave been subscribed ana fifty Per
cent OF the amount theFeoI actually Paid
III.
MI transfer Of stock shall be made on
'Le DOORS OF tAr corporation by SURRENDER
OF tht orlglhdl certlhcates properly IN
lorsed Tor cancellation by the stockhOlCeI
IN whose favor SAID stock Is issued. or by
ms r uul! authorized agent IN writing.
Inc preferred stock issued may b~ in
creased 10 one million dollars tSl.up'.-
""'"Vl' puI no preferred STOCK snail enjoy
No.IIS powers provided The Increase i
t ro,eu LOT; lot at meeting duiy called, 10y
!" tHiIuS OF al ne common STOCK.
ARTICLE N-The common stock shall
nav ths complete ana exclusive control
oi ine aHairS OF sara corporation, and the
vA,'urnt rlShI 10 vote at all stockholders
meetings.
ARTICLE VI-Preferred stock shall no
entitled by preference TO a dividend ON
stock Of eight per cent on-accumuIatiy,
and any excess OF profits over that amount
shall be apportinOed and paid TO the com
mon stock M TO eight per cent AN ~
cess, after apportiOning dividends as sfore-
said, shall be divided and apportioned
equally between the two classes of stock.
,pTrCTr VII an
of M cor-,r al lIe corporate power
qX,r cised ~ GaarS =. Oe 1850, ,eHtSu III ana
'.ected Annually composed of not less than
shall be bona fide owners of common .fo,.k
standing in their names unplrdPed and M
incumbered "Hu u'i-
\ majority of the said hoard shall c,.,-
Stitute a quorum for the trsnsartinn ~
business. -
AHill the tnIIO tuesday in AUEHSt Iigp
the following named persons shall con,
stitute the board of directors of this cor
pOration. to-wit: Edward Il. Stafford I
W. Rawlings. Anthony Russo.
All elections shall be by balIot and aacb
holder of common stock shall he entitioJ
to one vote for each share of aid stool
standing in his name on the hooks Of tba
corporation. the vote TO he cast in rerSnn
or by proxy; ii shall reonira a uaior;tr of
stock present or represpnted 10 aIec,
Failure to elect a hoard az directnrS a.,
the third Tuesday Of the month of AngrSt
Of each year, or on the ARD TnesdaT az
August. 1922. or at anv other time bere-
after shall not work y forfaiture of ttf
charter. but the old hoard az dJroctn-s
shall remain in Office until tbeir sncces1
sOTs are elected and assume dnties
The officers of this Corporation shall
consist of a president. vice president and
seCreatry ana treasurer. and the board NAV
combine the office Of secretary and treas
uIer so that same may he held by one and
InS, same person. Until the election in
II tne IoiIoNlhg persons shall constitute
g. e oii'ers OF SAID corporation: Ed. $.
S.anoIu, president; l.. W. Rawlings. vice
~ iueh'' Anthony Russo, secretary treas
ARTICLE VIII-Stockholders, naetipgs
other than that for elections ANNUALLY ~
members Of the board. may ba hid r., %
ever ordered by the board of directors or
requested by 81 per cent of tho ont.
standing common stock
Notice of such meetings shall no e,iven
In the manner required by law nv nor.