The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-01
CHARTER.

directors shall be elected annually, by
ballot, by the stockholders. on the tnlrS
Monday in MAJ, in each year nd EacL
or by proxy, to a vote for every share
| owned by him, and all elections shall
be held under such rules and regula
tons as may be determined by, th'
| Board of Directors. after fifteen (15) days
notice by mail of such election shall have
been sent TO each stakeholder at his last
known address. The directors thus
elected shall continue in ofhce TOT one
/ year or until their successors shall have
| been duly elected and qualihed. Nc
failure to elect shall be regarded as a
! forfeiture of this charter. ANY vacancy
| occurring on said board shall be filled
| by the remaining directors for the I'M
| expired term; the said board shall Ike
! wise elect the additional members in case
| they should determine to increase the
| number of said board. Said board shall
| at its first meeting after its election
nominate out of its number a President
Treasurer. Vice President and a Sec
| rotary. Said board shall have the right
To consolidate or Segregate any two OF
said offices into one and to appoint 4
Secretary who need not be either a direc-
tor or stakeholder. as also the right to
appoint and dismiss such clerks, man
ayers and other employees OF the cor
pOratiOn "a conditions may Justify or
the business Of the corporation may re-
quire. The tenure of office of all the
employees of the corporation shall be
during the pleasure OF the Board Of
Directors. Any of the directors shall
have the right to appoint. by written
instrument, another director or stock
holder to act as his proxy and in his
stead at any and all meetings OF the
Board Of Directors.
ARTICLE VI No stakeholder shall
ever be held liable or responsible for
the contracts. faults or debts of said
corporation. nor shall any mere infor-
maity in its organization have the effect
of rendering this charter null. or Of ex
posing a stakeholder to any liability be
yOnd the unpaid balance due on the
shares owned by him.
ARTICLE VII. This act Of incOrpor-
alton may be changed, modified or altered,
or this corporation may be dissolved,
with the assent of the stockholders own
ing twO-thirdS OF all the stock OF the
corporation. at general meeting con
yened for that purpose, and after at least
ing has been given through mail, ad-
dressed to each stakeholder at his last
known place OF residence. In case Of
dissolution by the expiration of this
shall elect three liquidatOrs from among
their number to liquidate and settle the
business and affairs Of the company. In
case OF death or disability of any of said
commissioners or liquidatOrs. the sur
vivors or the remaining liquidators shall
appoint a successor to him. The said |
liquidatOrs shall have full power to
settle. said company,s affairs. collect out
standing debts. sell and convey prop |
erty, pay its debts and convey the re- |
naming money and property among the |
They shall also have power |
TO meet and act under the bylaws OF |
the corporation and under regulations
to be made by majority OF said liqui- |
dators; to fix the price and prescribe
the terms and sale OF said property. and /
the manner in which the same shall be
odd nd faE 10 nd Cd
by mortgage or otherwise. for part OF
the purchase price for all or any part
II said property: provided, however, that
the rights herein conferred upon the
iQuidatOrs may he modified. changed or
denied by n majority OF the shares OF
the capital stock of the corporation.
The said liquidatOrs shall have authority
% sue for and recover the debts and
ion. aud may be sued by the same
name. and they shall be liable in solido
o any creditor stakeholder for the
moneys and property of the corporation
which shall come to their hands or pos
essiOn as liquidatOrs and for the proper
application and distribution thereof
ARTICLE VIII. Richard Albert Leigh.
whose postofhce address is 1870 Encamp-
nent street New Orleans, La, has sub
cribed TO one hundred and ninety eight
hares; Albert p. DONATIONS, whose ad-
ress is 1870 Ursuline avenue, has sub
cribed to one share, and Philip FOtO,
muse duuTtSs Is lSOl |
treet. New Orleans, La, has subscribed
0 one share.
Until the election to be held on the
bird Monday in May, 1922. the follow I
lg named shall constitute the first ,
'oard of Directors, viz: Richard Albert ,
eigh, Albert z. donations, Philip Foto
18th the said Richard Albert Leigh as
resident Treasurer, Philip Foto as Vice !
resident, and the said Albert Z. Bon
affons as Secretary. I
Thus done and passed in my office on q
lie day, month and year first above !
ritten. in the presence Of Frank b. i
wOmey and Joseph l.. Weiss, competent l
illnesses, who have signed with the par
es and me, Notary, after reading the o
hole. $
Original signed: r. A. Leigh, Phil |
OTTO, A. p. DONATIONS.
FELIX J. DREYFOUS. I
Notary Public. !
+. b. TwOMEY,
J. L. WEISS.
1. the undersigned Recorder of Mort
ages in and for the Parish of Orleans,
late OF Louisiana, do hereby certify
lat the above and foregoing act of in
.rporation Of the LUMBERTON BROOM
ND MOP HANDLE FACTORY, INC,
as this day duly recorded in my Office O.
book 1893. folio
New Orleans, May IL, 1922. d
ROBT SCOTT, G
by. Recorder of Mortgages Il
A true copy from the original act. =
FELIX j. DREYFOUS, ~
Notary Public.
ay 1SJune %