The herald., 1921-12-15
BUY
THE
BEST
CHARTER.

or bonds and generally to do any and all
things necessary and proper, incidental
or pertinent TO the powers herein set
forth or the business hereby authorized.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum
OF Fifty Thousand Dollars t$5OOOOVO)'
to be divided into and represented by hvo
hundred 5000 shares Of the par value OK
One Hundred Dollars Sl00O0) each.
ARTICLE V-This corporation shah
become going concern and shall be au-
thOrized to commence business as soon
as Twenty five Thousand Dollars tS25,OO0l
of it's capital stock shall have been paid
for either in cash or its equivalent, as
provided by law. The stock OF this cor
poration, or any part thereof, may be
delivered to any person, firm, asSocia-
ton of persons or corporation in return
for the acquisition by the company OF any
property owned or controlled by such
person, firm, association OF persons or
corporation, or in payment Of other prop
critics or other services rendered, and the
stock of this corporation may, as here
inabove provided, be acquired by IL IN
such manner and under such terms as
it's Board of Directors may from time to
time determine.
The capital stock of this corporation
may be increased to the sum of One Hun
dred Thousand Dollars C$lOOOO0OOl, by
a vote of two-thirds of all the stock out
standing at special meeting called TOT
that purpose, or Mt a regular meeting OF
the corporation.
All certificates of stock issued by this
| company shall be signed by the President
or by the Vice President of the company
and countersigned by the Secretary, Treas
urer Of the company. The stock OF this
| corporation can be transferred only on
| the books of the corporation and subject
| to such rules and regulations as may DC
by the Board of Directors from time to
| time prescribed.
| ARTICLE VI-Section All corporate
powers of this corporation shall be vested
In and exercised by Board OF Directors
composed Of five members elected from
the stockholders. A majority OF the Oh
reetors shall constitute a quorum for the
transaction of business. Said Directors
may vote in person by proxy, written
or telegraphed, at any or all meetings OF
Directors, regular or special.
The Board of Directors shall be elected
annually at the regular annual meeting
Of the stockholders to be held on the
second Tuesday in January OF each year.
| The first Board Of Directors shall os
composed of the following:
) Walter ]. Suthon, Jr, 1915 Eighth ST.
Manning W. Heard. 1905 State St., New
Orleans, La. -
Nicholas Callan, 1888 Felicity 81, Ne"
Leo N. CoOgan, 1907 Banks St., New
, Dora Ellis, 4s14 S. Claiborne ST., New
!; with Walter j. SUTTON, Jr., as President,
I Manning W. Heard, as Vice President,
and Nicholas Callan. as Secretary Treas
urer.
The aforesaid Directors shall hold their
. Office until the second Tuesday In jan
: uary 1922, or until their successors are
elected and qualified
Section 2 All elections OF Directors
shall be by ballot at the Office Of the
. lcorporation under the supervision OF the
, Board Of Directors under such rules and
4 regulations as the Board Of Directors may
: from time to time promuigate.
!. Notice of meetings Of stockholders regu-
v lar or special except as otherwise herein
3. provided, or except as otherwise required
by law shall consist of notice sent IN
writing to each stockholder at ms lnss
known address as II appears on the DOCKS
of the corporation. fifteen days prior TO
date of said meeting. Failure to desig'
nate an address shall permit notice to
be sent to such place as may by the boara
- of Directors be determined and to be sent
rs to General Delivery and shall constitute
full and complete notice. Each stocknoi-
r, der at the annual or any other regumf
10 or special meeting, shall be entitled c
~ one vote for each share Of stock owned,
~ and the vote of any stockholder at any
). meeting may be cast by written proxy
- provided that II the stock shall hereafief
ho be classified the stockholders within its
le given class shall be restricted to voting
a. a for the number of Directors and In the
. manner permitted to stockholders OF thai
- class by the bylaws.
= | Section =. ShOuld n Vicinity occuE
y, the Board Of Directors. same shall d
IL filled by the remaining Directors by ths
~ election for the unexpired term on a STOCK
= holder having the qualifications providee
- by the bylaws. Failure to elect pi.ec
"a tors on the date specified shall not dis
Nv, M solve the corporation, but the directors
'r shall remain in Office until their success
-, sors are elected and qualihed.
he Section A. The Board OF Directors q
ne their first meeting following the ANNA
IN election shall elect form their number |
Ms President, Vice President and n Secre
tary-Treasurer. The Board Of Director
IA may elect, not necessarily from their mum
". ber such other officers or agents as y
IL them may seem advisable.
OF Section g. The Board OF Directors II
'ss hereby given all power to carry on Tn
Err business and affairs Of the corporation
ty and to make all rules and regulations no
ke. Inconsistent with the terms Of this char
~ ter.
to Section Q. All notices provided 70
to whether to stockholders' or directors
rs meetings, may be waived by written
Ige telegraphic consent Of the stakeholder o
or director.
or ARTICLE. yII-section 1-wheneve
'os this corporation shall be dissolved or II
VI VI quidated, its affairs shall be liquidate
,o by three (3) stockholders, elected by IN
Ire stockholders at a meeting called for tina
purpose.
or section 2. This corporation may b
ip- liquidated at any time on vote OF two
''" 1 thirds OF the outstanding stock FOtins =
an that effect In the event of the death OF an
ws liauidator, the surviving liquidators sha
rh- have the right TO elect another, but pend
ing such election the surviving liquidator
or shall have full right and authority to &C
DR. in all matters.
MS ARTICLE vIII-This act OF incorpora
TO. ton may be modified. altered or amende
emit In the manner provided by law ut an
or meeting Of stockholders. whether the sam
zee. be a regular meeting or special meetin
the after previous notice shall have been ser
Isl. as hereinabove provided (unless the san
ven shall have been waived). to the last Know
or address OF each stakeholder at least ~
teen days prior TO the meeting and afts
ur- publication at least once a week for NV
IS weeks in q daily newspaper In New y
or leans Louisiana Any increase or a.
are crease In the capital stock Of this corpo
alton, except as herein otherwise provide
ne shall be made In accordance with u
use law governing such matters
'ck- ARTICLE IX--No stakeholder SHAH
ac- liable or responsible for the acts. omi
olf sions or contracts Of the corporation
70 Of It's officers in any sum than the unpai
MS balance due on the shares OF stock ownt
Ties by him., shall any mere fnformanty
on organization have the effect OF renderiI
owe this charter void. or OF exposing az
In stockhoIder to any liability In excess
es- the amount due on his stock; and
~ order that this charter may 5erve as u
AIN original subscription list. the subscribe