The herald., 1922-07-13
CHARTER

Of stockholders; and the board shall fix
the salaries of the officers, agents and
employees. At any meeting of the board
of directors, any director absent from the
meeting may be represented by any other
director who may cast the vote of the alb
sent director according to the written in
StruCtiOns, either general or special. of
| said absent director. The board of direc-
| tors shall have authority to make and es-
! tabliSh, as well as alter and amend, all
I bylaws, rules and regulations necessary
and proper for the support and manage
| ment Of the business and affairs of this
| corporation and not inconsistent with
! this charter; and they shall have power
/ to authorize the borrowing Of money and
| the issuance of notes and the execution
! of pledges and mortgages, and generally
| to do all things necessary or convenient
! for the proper carrying on of the bust
ness of the corporation.
Until a general meeting of the stock
holders for election of directors to be held
| in 1928, or until their duly qualified sue
ceSsors are elected and installed. the
board of directors shall be composed of
the following: Vim. Pierce O'Neal, care Ma
rine Bank x Trust Co. Grayier and Ca
rOndelet Streets, New Orleans. La; Ed
mund +. LeOvy, care Whitney Central Ma
tiOnal Bank, Gravier and st. Charles
Streets, New Orleans, La; Clinton +.
Niebergall care Canal Commercial Trust
and Savings Bank, Common and CarOn-
delet Streets, New Orleans, La. of the
foregoing directors VIM. Pierce O'Ncal
snail ne president, Edmund T.. IeONN.
shall be vice president, and Clinton +.
Niebergall shall be secretary treasure
ARTICLE NI-ThiS act of incorporation
may be changed. modified or amended. or
the corporation dissolved by a vote of
twO-thirdS of the entire capital stock
present or represented at general meet
ing of the stockholders convened for such
purpose, after previous notice shall have
been given in the manner above required
to he given of the annual meeting Of the
rOrDOratiOu
ARTICLE Wifi this corporation shall
he dissolved, either by limitation or from
any other cause, it's affairs shall be liqu-
dated by three commissioners to be ap-
pointed at the meeting of stockholders
convened for the purpose of liquidation. /
and 10 be elected by the vote of all the
stockholders voting upon parity. Said |
liqudatorS shall remain in office until the |
Affairs of the corporation shall have been !
fully settled and lquidated. and they shall !
have full power and authority to transfer !
ana give title To all the property and as |
sets of the corporation and to distribute ]
he proceeds. In case of death. disability !
Ir resignation of one lquidatOr, the va /
'ancy shall be filled by the survivor.
ARTICLE NllI-NO stakeholder shall |
yer be held liable OF responsible for the
'OntractS or faults of said corporation in |
my further sum than the unpaid balance
Tue on the shares of stock owned by him
lOr shall any mere infOrmality in organi-
'ation have the effect of rendering this
,h3Tter nun or of exposing any stock
holder to any liability beyond the unpaid
balance due on his stock
In order that this charter may serve
IS the original subscription list. the sub
Crlbtrs hereto have indicated opposite
heir respective signatures the humber
4 shares of stock subscribed for by each
f them.
Thus done and passed at nv Office in
he city of New Orleans on the day. month
nd year first hercinabove written in the
reSence of George Perez and " wilkins
Ompetent witnesses, who have signed here
D together with said appearerS and me-
OIary, after due reading of the whole
witnesses: George Perez. " wilkins
tNameS of subscribers omittad /
tSeaD WATTS IL. LEYERICH
,u,, ~ Notary Public
(SeaD: WATTS X. I,EyERICI
,,r, IN Notary Public :