The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER.

shall have full power to fill vacancies in
their number caused by death. resigna
ton or otherwise. from among the stock
holders OF the corporation.
The Board of Directors shall have the
right at any time to increase the number
of its membership to any number they
may desire, but at no time shall IL eA
coed nine members.
The said Board shall have full control
of the property of said corporation, and
shall conduct, manage and use the
same as in their discretion they deem fit
and that is consistent with the objects
of this company or the welfare of same
The said Board is further authorized
to frame and adopt such bylaws, rules
and regulations as the affairs and bust
ness of the corporation may require and
as il may deem necessary for the con
Quoting and management thereof.
The said Board shall elect or appoint
Secretary Treasurer, manager or other
officers, agents, solicitors, employees, ser
wants and clerks as it NAV deem neces-
sary for the conducting of the business
of the corporation: fix their compensa-
tiOn. term of service. with the right -
dismiss them at said Boards pleasure.
and to fix and determine the salaries of
the several officers herein provided for.
ARTICLE NI-This charter may be
changed. modified or amended. the CAPT
tai stock increased or decreased, or this
corporation may be dissolved at gen
eral meeting of the stockholders convened
for that purpose, with the assent of three
fOurthS Of the entire capital stock. wheth
or present or represented at such meet
ing, provided that ten days by registered
mail be given every stakeholder Of all
meetings called for the purpose of chang
ing. modifying or amending this charter
or Of diSsolving this corporation, and
provided that the capital stock shall be
incrcaS ed or decreased in accordance with
the provisions Of the laws of Louisiana
in such cases made and provided.
In case of dissolution or termination of
this corporation either by limitation of
its charter or from any cause, the liqui-
datiOn of its affairs shall be conducted
by three commissioners selected from the
stockholders with like assent. and at
meeting called for the purpose as above
set forth in the article
Said commissioners shall remain in of
flee until its affairs shall have been fully
liquidated. In case of death Of one or
more of said commissioners the survivors
shall continue to act.
ARTICLE Vino stakeholder of this
corporation shall ever be held liable or
responsible for the contracts or faults
thereof in any further sum than the I'M
paid balance due the company on the
shares of stock subscribed, or owned by
him. nor shall any informality in organ
izatiOn have the effect of rendering this
charter null or of exposing stakeholder
to any liability beyond the unpaid bal
ance. if any. of his stock.
Thus done and passed before me. the
undersigned notary, at New Orleans. Lou
isiana. on the day and in the month and
year first hereinabove written, in the
presence of Ben Il. Brill and II. +. Don
Ovan, residents of this parish, competent
witnesses, who have hereuntO signed their
names. together with said appearers and
me, notary, after due reading of the
whole
(signed) F. RALPH MICHEL.
10 shares.
(Signed) f. JULES MICHEL,
10 shares.
(Signed) LOUISE LILLIAN MICHEL.
10 shares.
Witnesses: Ben r. Brill and L. f. Don
ovan.
(signed) T. S. wALMSLEY,
Notary Public.
(SeaD
true copy of act on file in my Office
T. s. WALMSLEN.
Notary Public.
Dec. 1927 -2S-Jan. 4-11-1S