The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-22
CHARTER.

The first board Of directors and officers
Of this corporation shall be elected at the
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 erected.
Absent directors may vote at any di-
rec 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
Oh the third Monday in January, begin
ming with the year 1873. and the board
uf directors shall have the right TO elect,
without reference to a stockholders meet
ing. any stakeholder to be- director,
whenever a vacancy may exist on the
board Of directors. through death, resigha-
ton or inability TO serve.
ARTICLE V-The corporate powers of
this corporation are expressed and set
forth by section seven "a Of Act 20I Of
/ the year 1914, and shall be- duly employed
by and through the board OF directors.
The board of directors may, without
/ reference to the stockholders, buy, sell and
mortgage real estate; buy, sell, mortgage
/ or hypOthecate any part or the entirety OF
/ the assets, business, rights or good Will OF
/ this corporation all upon such terms. con
/ ditiOnS, and for such price, sums or as
| sets AS the board of directors shall deter
/ mine.
! The duties of the several officers shall
/ be set forth in the bylaws; which will be
! 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, q general manager, who
may or may not be a member of the board
| C,f directors, as said board of directors may
determine, and which said general man
agsr shall have such duties as shall be de
termined by the board of directors apd th'
several officers of this company may dele
| gate to such general manager such dutle'
as are prescribed to their respective offices
! as they may 6esire, subject, however, Il
| the approval Of the board of directors.
ARTICLE VINO stockhOlder of thi
| corporation shall eter be liable for an!
debt of the corporation other than the un
paid portion of their subscription to stock
and no infOrmality herein shall SubJec
them to such liability.
ARTICLE yII-Amendment of this char
ter, or liquidation of the corporation shall
be subject to the rules laid down III &c
267 of the Louisiana Legislature of 1914
The capital stock of this corporation ma,
be increased by amendment of this char
ter to any amount not exceeding the SUI
At one hundred thousand ($lOOOOOOO) dol
lars.
Thus done and signed on the day an
date first hereinabOve mentioned, In IN
City of New Orleans, in the presence o
r. Il. Harden and l.. X. Hoover, compe
tent witnesses, and nv, notary, after
due reading of the whole; the subscrlDer
setting opposite their names the amour
of stock they subscribe for, making TIL
! an original subscription list.
/ (Signed): L. c. Upton, 24l9 Milan 81
New Orleans, / SHARE; G. \. Reynehtt
Z 202l Pine St, New Orleans, share; l.. ]
d, Elliott, l2O s. COrtez ST., New Orleans,
4 share.
Witnesses (Signed): F. Il. Harden,
r. Hoover.
(Signed): WARREN v. MlLLER;
Notary Publ
/. the undersigned Recorder of Nor
cages, In and for the Parish of Oriean
State of Louisiana, do hereby certify tn;
the above and foregoing Act of lncorpOr
ton, of the Industrial Adjustment Burea
Inc, was this day duly recorded III III
l Office. in Book 1853. folio 113.
U New Orleans, September 18th, 1927:
= (Signed) ROBT, SCoII'
!. Deputy Recorder of Mortgage
!, A true copy of the original on file in N
u office.
= WARREN V. MILLER.
o Notary Publ
s Sept. 22-Oct. q.