The herald., 1921-10-20
CHARTER.

directors and officers then IN Office shail
cause an election TO be held as s"oh q
possible thereafter, notice OF "hICh sI'il
h. given as above provided for the holding
of The annual meeting Of the stockholders,
pending which election the then directors
and officers shall remain as su'h uhli
their successors have been duly clrcted
and shall have qualified.
The board of directors shall WITHIN
thirty DAVIS Of each annual election, elect
from their own numb Il president and a
lc,.-prcsidcut, and shall also eject Il sec
Rotary and IA treasurer, and shalI nave
power to combine the offices Of secretar!
and treasurer in one person.
The boarG or directors shall have the
power OF dclegating all or any Of its power
i'm th. transaction of the business Of this
CORPORATION to Il committee or committees
of its own body or to officers ana agents
OF this corporation, and the board oil III
rtctOrs may appoint from tlIhc 20 tiiI'e
such officers. managers, clerks, agents OF
employees, as they may deem hecessdr!
or proper for the conduct OF the DuSiheHS
of this corporation, and such Officers man
ayers CLERKS, agents and employees shaIl
hold Office only at the pleasure OI the
board.
ANY and all directors shall hold ONCE
at the pleasure Of the stockholders VINO
may ut any general meeting held Tor that
purpose, on notice as above PROVIDED loF
the holding of the annual meeting OF the
stOcd holders, declare such ulFccIoTsulpS
vacant and elect their SUCCESSORS, ana II
shall be the duty OF the president or sec
reary TO call Il meeting for that purpose
at the request in writing of ten per cen
tum of the capital stock of this corpora
ton then outstanding.
The board OF directors shall have power
TO adopt bylaws for the government Of
this CORPORATION and to alter, amend and
abolish the same at its pleasure at any
general or special meeting OF the DoaFu,
and no previous notice OF any intention
10 alter, amend or abolish the bylaws
shall be required.
The first board of directors shall be com
posed of Herbert W. Kane, Mrs. Ruth '.
Name Robert L. Fender and Mrs. Mary
Ming Kane whose postOnlce addresses
appear above, with Herbert W. Kane as
president Robert L. Pendcr as vice presl-
dent, and Mrs. Ruth '. hane as secretary
and treasurer, who shall hold their Offices
and exercise their functions until the an
nual election to be held on the first Mon
day in May, 1922, or until their SUCCESSORS
are duly elected and qualified, subject 10
the conditions hereinabove provided.
ARTICLE VI-This act of incorporation
may be modified, added to, or changed,
or said corporation may be dissolved in
the manner provided by the laws OF the
State of Louisiana, and at the time such
action is taken, and whenever this corpora
tion is dissolved, either by limitation or
by three liquidating commissioners To be
elected at u general meeting of the stock
holders called for the purpose of voting on
the question of liquidation, or thereafter,
and in casa OF the death or resignation Of
any of the said commissioners, the sur
yiving or remaining C0ni!a!!A-,OuII Or co.,
mlSslOnerS shall continue to act; ana IN
case of death or resignation of all of them,
three or more commissioners shall be elect
ed by the stockholders 10 complete the
liquidation.
All meetings of the stockholders and di-
rectors shall be held in New Orleans at
the office of the company, or If ii has no
Office, at some other accessible place of
business, and any or all notices provided
by law or this charter to be given to
stockholders or to directors may be waived
by the unanimous consent of the stock
holders or directors, respectively, except
as otherwise provided by the laws of the
State of Louisiana.
ARTICLE Vino stakeholder shall
ever be held liable or responsible for the
contracts or faults of this corporation in
any further sum than the unpaid balance
due the company on the shares of stock
subscribed for by him, nor shall any in
formality in the organization of this cor
pOration have the effect of rendering this
charter null, or of exposing any stock
holders to any liability beyond such un-
paid balance due on said stock.
serve as the original subscription list re-
quired by law, the subscribers to this act
OF incorporation have also written oppo-
site to their respective names their respec-
tive addresses and the amount of capital
stock of this corporation subscribed for
by each of them.
The subscription of Herbert w. Kane to
ninety-eight (9S) shares of the capital
stock in this corporation, valued at nine
thousand and eight hundred (S9SOO.OO)
dollars, consists of. and is to be paid for
in full by the sale and transfer to this
corporation by Herbert W. Kane of the
Marine Hardware, Engine Manufacturing
Machine Shop and Boat Fitting Business,
formerly conducted by Kenner Brothers
at No. 426 Camp street, New Orleans, now
owned by said Herbert W. Kane through
purchase from kenner Brothers, together
with the entire good will of said business
ana the whole stock in trade thereof, the
details and description of said property
and business, together with the appraise-
ment thereof by the board of directors is
all more fully set forth on the inventory
and statement annexed hereto and made a
part hereof.
Thus done and passed in my office in
the City of New Orleans, Parish and State
aforesaid, on the day and in the month
and year first above written in the nres
ence of James Henry Bruins and Jeanne
Hatrel competent witnesses, who hereunto
sign their names with the said appearers
ana me, notary, after due reading of the
whole.
Witnesses: Jas. Hy. Bruins, J. HatreI.
ORIGINAL SIGNED:
Mrs. Ruth V. Fender, 40 shares. 5e44
hawthorne Ave, New Orleans, La; Mrs.
Mary King Kane, 1 share, 5000 Hawthorne
Ave, New Orleans, La; II. w. Kane. 9S
shares, 332 Charities ST., New Orleans, La. :
Robert L. Fender, / share, 43l Carondelet
ST., New Orleans, La.
VIM. J. HENNESSEY.
Notary Public.
representing Felix J. PUG, notary public.
now absent on leave.
L, the undersigned Recorder of Mort
cages, in and for the parish of Orleans.
state of Louisiana, do hereby certify that
tne above and foregoing Act of Incorpora-
tion' or ii. W. Kane & Co, Inc. was this
gay duly recorded in my office in Book
1853, Folio -
New Orleans, September %. 1921.
ROBT. SCOTT,
Deputy Recorder
VIM. J. HENNESSEY,
Con. % Notary Public
AMENDMENT TO CHARTER OF THE