The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-24
CHARTER.

/ ARTICLE V-The domicilc of this
| corporation shall Toe in the city OF New
/ Orleans. La. where all meetings oi inc
stockholders or directors must b" held
provided that with the written consent
/ of all the directors. valid meetings OF
the directors may uc held ouisld" OF IN"
I state. or within the state. elsewhere
/ than at its dumiCil citation shall be
/ served upon the president. or in his dh-
/ Sonc" or disability upon the Nltr-prrSl-
/ dent. and in the absence or Disability
/ of the latter. upon the scCrctary-trvds-
urer.
/ ARTICLE VI-Au the corporate
/ powers of this corporation shall be
I vested i'm and exercised by board OF
/ directors composed of three stock
, holders. a majority of whom shall con
sutut" a quorum for the transaction on
an business said directors shall he
elected on the fourth Monday of June
of each year. commencing with the
/ fourth Monday of June, 1928. with the
understanding that the first board OF
directors selected by the stockholders,
and named in this charter, as well as
the first set of officers. as hereinafter
named. shall hold offIc" until the fourth
Monday of June, 1923 or until their sue
| CrCessurs have been elected and have
qualified.
After the election Of said board of
directors, by the holders of stock. aS
. herein provided, there shall Toe elected
by said directors from their own mum
her, the officers of the corporation,
which are as follows. LIST. \ president,
. -IN. \ Nltt-ilTtSltltlls HIt. 4 secretary
land 9TH. \ Recommendation last two
offices shall bc combined in one person.
/ The first board of directors. and tho
!, officers of this corporation as selected
by the stockholders. together with their
post office addresses are as follows. W.
J. richards. Jr, president, care French
Market New Orleans, La: \. GlerlcSo
/. | NiCe-presidcnt 53l st Ann Street New
Orleans, La; \. st Raymond, secretary
! treasurer, $40 North Broad Street, New
Orleans. Ia.
ARTICLE VII-The annual meeting
. Of the stockholders Of this corporation
for the election of directors shalt he
held on the fourth Monday Of June of
, each year. commencing with the fourth
! Monday of June, 1928. The election for
said directors shall be by ballot and the
majority in amount of stock. voting.
whether in person or 10y proxy, shall
- elect the person for whom they are
east: each share of stock voted upon. To
he counted but for one vote. Said
stock shall not bc entitled to cumula-
n tive voting.
. The board of directors shall give at
least fifteen days notice by mail of the
election Of said directors and shall ap-
point one or more stockholders to pre-
=. side at such elections. Any failure
= from any cause whatsoever to elect dt-
:. rectoTS on the day named for that pur-
I pose shall not dissolve this corporation.
70 but the directors and officers then in
=. office, shall hold over until their sue
V ccSSorS are chosen and qualified.
thorized to frame and adopt bylaws.
RULES and regulations as the affairs
n and business of the company may re-
quire, and il may deem necessary for
the conducting and management there
. | of, provided. the same does not con-
flict with the charter and the laws of
. the State Of Louisiana. and those of
- the United States of America; to name
and appoint such managers, fix their
" | compensation and terms of employ
! ment, as well name and appoint
| &c nd NIL . in 10
u ton may seem fit and proper, as well
Il as to fix the salaries and terms of
= employment of the officers, employees
i and clerks and assistants.
: ARTICLE VIII-The board Of direc-
q tors is specially vested with the power
q to acquire and purchase such property
l. or business, or good will, or all of these
e from individuals, firms or other corpo-
a, rations. said board of directors may
j. deem advisable and proper, and at such
t price and on such terms as they may
r deem best, and to pay therefor in the
1: capital stock Of this corporation or
g otherwise.
e ARTICLE IX-No stakeholder shall
IN ever be held liable or responsible for
Nv the contracts faults, or debts Of this
q corporation nor shall any mere in
II effect of rendering this charter null, or
g. OF exposing its stockholders to any
q liability beyond the unpaid balance due
" on the stock owned by them.
er ARTICLE X-The names and post
g. office addresses of the subscribers to
these articles of incorporation and the
r number OF shares of stock subscribed
r, for by each, are as follows: w. J.
tie Richards. Jr.. twelve G2) shares; 4.
ty GloriosO, one CD share; A. st. Ray
c. mond, twelve U2) shares.
lSe ARTICLE XI-AH stockholders meet
.e ings, for the election of directors, as
e above stated. shall be held after fif-
C. teen days written notice mailed to each
A stakeholder. Other stockholders meet
20 ings may he held when ordered by the
o. board of directors, or when requested
G by at least twenty-five ESQ., per cent.
or of the outstanding stock. Notice Of all
M stockholders meetings, other than adj
"A journed meetings. shall be in the man.
al ner prescribed for stockholders meet
"a ings for the election of directors, I'M
a less such notice is waived by unani-
&c nous consent
e. ARTICLE XII-This charter may be
n amended, altered or changed at a
o. special meeting of the stockholders
er called for that purpOse-notice of
OF which is to be given in accordance with
no the provisions of this charter,-by the
ne vote of two-thirds of all the capital
er stock.
s. ARTICLE XIII-This charter may he
dissolved by the vote of two-thirds of
all it's outstanding stock, and upon
complying with the requirements of
Go Section % Of Act 267 of the Louisiana
g. Legislature for the year 1914 and in the
tors shall be named and appointed with
IS all the necessary powers and authority
T. all in the manner and as provided by
as said Legislative act.
al
ARTICLE XIV-Whereas, the sub
NJ scriptions Of Albert st. Raymond and
he w. J. Richards, Jr., up to the sum of
n fourteen hundred Gl,400.00) dollars
q, for capital stock in this corporation con-
ed sists in property to be transferred TO
AZ this corporation. in accordance with
nj the provisions of Section of Act 267
Of OF 1914 there is now annexed to these
o. articles of Incorporation and to be read
nd in connection herewith an accurate
as detailed and itemiZed description of such
Oh property, as to amount, location, extent,
ar character and state of Improvement, to-
rk gether with a statement Of it's value as
~ appraised by the directors of this cor
he poratiOn. the same as if set forth In
n full in this charter.
n Thus done and passed in my office.
m on the day and date first above writ
nj ten. in the presence of Messrs. Arthur
e. j. Ryan and Leon Soils Calm. both
competent witnesses. domiciliated In
ny this city, who signed these presents
lis together with the parties, and me, no
FL tary, after n due reading of the whole
er the parties hereto affiXing opposite
tie their respective names their respec
ok tive subscriptions to the capital stock