The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-17
CHARTER.

lHoiSdHu tlU,VUU) SIltE''S OF 4 par
of one hundred ($lo0.O0D) dollars each
which shall be paid for in cash. or ulr
be issued for property actually rrr. .t.l
by IN" corpOrduon, or for =rfvI,--
rendered. This capital stock may joe
| increased up to the sum OF five u;.t.1u
! tS5.o0O. 600 O0D dollars.
! ARTICLE V-Al the powers of this
| corporation shall be vested IN and .v-
erCiSed by a board of nine 60 directors
! I Dee board shall c'c.' from their mum r.,-
! u president, vice president. q s..,.r.-
| tary and Il treasurer, and such other
| officers as they may think prpr,.r GA,
/ convenient for the carrying on o.. ~.
| COmpany'S business and shall I4,.
power to unite two or more Offices and
/ the same to confer upon one p.rsor ,r
| to dispense with any office in its dis
| crction, and To fix the salaries of all
officers. agents and EMPLOYEES Tn.
! board of directors shall he elected 1r-
nually. on the second MONDAY of Inn.
| of each year. the first election - s..
| held in the year 1923. All such rl,r-
tons shall be by ballot, at the office.
of the corporation. EOtic. of annual
meetings as well as of special r...,-
lngS of stockholders except as Other
wise specially provided by law shall
be gwen by written notice mailed fiji
teen tlIJ days in advance Of the Gat..
Tor such meeting, To each StDCklD. Ter
appearing as such on the books of tI,.
company. at his last designated adj
dress. or at the General Delivery ;,f
New Orleans, Louisiana. if he has unt
designated an address Each share.
holder shall be entitled To- one vote for
each share of stock standing I'M I..|
name on the books of the COMPANY
said Vot" 20 he east in person or byI
proxy, and majority of the votes cast
shall elect. The board of directors
SnaII nave power To FIJI all vacancies
which may occur. or in any manner
arts" or be created on the board OF di-
rcctOrS, even though no quorum remain .
az the Tune such vacancies are 70 be-
fllled. Failure to elect directors ON TN. /
day above specified shall not dIsSurv..
the corporation. but the directors then J
IN office shall remain i'm office until
their successors are elected. The board
OF directors shall have power 10 make.
ana establish. as well as alter and /
amend. all bylaws. rules and rrgula- /
lions necessary and proper for rr.|
support and managcment of the affairs .
and business of the corporation and
not Inconsistent with its charter The
board shall have power. without REFER .
ing to the stockholders. To- borrow
money, eN"cut" mortgages. issue notes I
pledges. bonds, or other obligations. in }
such amounts and on such terms rs in +
their judgment may be advautag-uuS.f
ana generally to do all things reason /
ably necessary or convenient for the /
proper carrying on Of the business of |
the corporation; and they are specially
10 issue and deliver fun pad /
shares Of stock or bonds or obligations
OF the company in payment of property .
peclaIy IN payment or part payment for
oil or mineral lease made to il Iv|
Bowie Lumber Co. Ltd. or other per
sons or corporations at such valuations
as in their Judgment may be proper
Three of the directors shall constitute,
q quorum for the transaction of bust
ness. The board of directors shall have
the power, by Il vote of nor less Than
twO-thirds of all directors, to sell ali.
or any part of the property. movable
and immovable, belonging 10 the corpo-
ration, or 10 receive i'll exchange there
for money or stocks or bonds or other
Or corporation of any character. with
out referring to the shareholders Tor
power To do so. At any meeting of the
board of directors, any director absent
from the meeting may be represented
~ any other director, who may cast .
he vote of the absent director accord
ng to the written instructions. either ,
general or special. of said absent III
'ector. Until the annual meeting Of
1928. the board of directors shall con-
list of the following: Robert II. Down
nan post office address, 2525 St ,
'harleS Avenue New Orleans La: J. {
5lanc Monroe, 1924 Louisiana Avenue Z
Sew Orleans La; Thomas Stark. Thibo- d
IeauX, Louisiana: Jesse w. MCMILLAN. :
'5lS Chestnut Street. New Orleans. 5
louisiana and !. Fallon WiggintUn. 1899 :
'alhoun Street, New Orleans OF the {
Oregoing Robert II. bowman shall be !
resident; Thomas Stark. Vice-preSi- :
y SEE
surer. i
ARTICLE VI-This act of incorpora- ;
ion may be changed. modified or l.
mended. or this corporation may he
dissolved in the manner provided by g
iw, by vote of two-thirds of the en- {
ire outstanding capital stock. present e
r represented. at a general meeting u
the stockholders convened for such e
urpose after previous notice shall =
ave been given in the manner above z
~ OF of l..a Il I.s
lg of the corporation. The capital e
took of the corporation my be in r
reased or decreased by proceedings n
accordance with the laws of the Il
tate of Louisiana. il
ARTICLE Wifi this corporation GO
hall be dissolved. either by limitation
from any other cause, its affairs p
hall be liquidated by three CD com l.
customers to be appointed at a meet Of
~ OF stockholders convened for the =
urpose of liquidation. and 10 be elected p
vote of all the stockholders. Said
luidatorS shall remain in Office until the ~
ffairs or said corporation shall have 81
cen fully settled and liquidated. and IN
hey shall have full power and au- Il,
lorlty to transfer and give title to all
he property and assets Of the corpo-
iuon, and to distribute the proceeds. :;
I case or death, disability. or reSigna- ~
on or one or more liquidators. the va y
incy shall be filled by the survivor or u
Irvivors. N
ARTICLE V1lI-No stakeholder shall \,
yer he held liable or responsible for =,
lie contracts or faults of said corpora- ~
on In any further sum than the unpaid i'm
ilance due on the shares of stock
Nned by him. nor shall any mere in -,
in organization have the eff ~
CT or rendering this charter null or ~
exposing any stakeholder to any La -
llty beyond the amount due on his W
ock ia
ARTICLE 1N-There is annexed here II
an accurate, detailed and itenized Y
'scrlptlon of certain property, being a
rtaln leases or sub-leases of lands or X
lneralS rights in the Parishes of 81 w.
larleS, 81. James, Assumption st | a,
'hn the Baptist and Lafourche which an
= 70 be conveyed to the corpo- mr.
ms Tor nine thousand three hundred six So
seven 1857 shares of its capitaI stock 81
lowing the amount location. extent or
aracter, and state of Improvement of "a
40 property. together with a state siI
emf or the value of the said leases as
praised by the directors of this cor
ration And. in order that this char IN
may serve as the original subscrip- 90
On llst' the subscribers hereto have ,e'
ucated opposite their respectiv 10
;haturs the number of shares of stock no
described for by each of them. We
Thus done ana passed. in my office u"
the CITY of New Orleans, Louisiana -,
tne DAY, month and year first above on
itten IN the presence of Nellie Dill t'
u ana shirley Hoffman. competent III
tnesSeS, who have hereuntO suh- OF
rlbed their names, together with mo ste