The herald., 1922-04-06
CHARTER.

business until one hundred thousand
! $500. OOO.O0) dollars of the capital stock
has been subscribed for and actually paid
in. either in cash, property, or services rs
| aforesaid; if any of the stock of this
corporation is exchanged in whole or In
pare for property or good VIII. III that
event the provisions of Section Three 90
OF Act 26i of 1914 shall be strictly com
piled With.
ARTICLE V-AlI of the powers of thls
corporation shall be vested in and eXer-
ciSed by a board of directors composed
of five 90 stockholders. each of whom
shall own in his own right, at all times
during his term of Office, ut least one full
paid and unpledged share of the capital
stock of this corporation, which fact shall
be shown by his written declaration. Said
increase its number not to exceed seven
"a directors. Said board of directors
shall have the right to fill all vacancies
on said board resulting either from death,
| inability or resignation or other cause,
or because of the increase in the number
of said board. even though no quorum re-
main at the time such vJcancieS are to be
filled. said board of directors shall be
elected annually by ballot. at a stock
holders meeting called for that purpose
on the second Tuesday in April of each
year Tor the next day if that be a holt
! day) after due notice given to the stock
holders by mail at least fifteen 10 days
/ before the date of such meeting. Each
holder of stock shall be entitled TO one
vote delivered in person or by proxy for
each share of stock standing in his name
ON the books of the company, and a ma
JOrity of the votes east shall elect
Failure to elect directors on the day
| above specified shall not dissolve the cor
pOratiOn but the directors then in Office
| snail remain in office until their success
/ SOrs are elected and qualify. The board
! of directors shall elect from their number
a president, a vice-president and a secre-
! tdry and treasurer, provided that the
| board may dispense with any of said Of
ii"ers and tori .may combine any of them,
and may appoint such employees twhO
! need not be members of the board of stock
| holders) as they think proper or con
! venient for the carrying of the COM
! panys business and they shall TX the
| salaries of all officers, agents anG en-
| ployees. The board of directors shall
/ have authority to make and establish as
We'll a. alter and amend. all bylaws. rules
AID regulations necessary and proper for
| the support and management of the bust
ness and affairs of the corporation and
| not inconsistent with this charter, and
they shall have the power to authorize the
! borrowing of money and the issuance of
| notes, and the executions of mortgages
| and pledges, and generally to do all
things necessary for the proper carrying
on of the business of this corporation. \
| quorum of the board shall consist of not
less than four "a directors.
Until the general meeting of the stock
| holders for the election of directors to be
held on the second Tuesday of April. 1923,
| or until their duly qualified successors
are elected and installed the board of di-
rectors shall be composed Of: Thos. S.
Logan, 1913 n. DOrgenOis St, New Or.
leans. La; ii. NJ. Carter. 2021 Chestnut
$3.50 Magazine Street, New Orleans, La. !;
| \. LAURA, 1924 St Charles Ave. New Or
leans. La; A. p. Portas, 1924 st. Charles
Ave: New Orleans. La. OF the foregoing
H. NJ. Carter shall be president. f. G.
Carter, vice-president, and \. Z. POrtas,
/ secretary and treasurer.
| ARTICLE VI-This act Of Incorporation
mays be changed. modified or amended,
or the corporation dissolved, by a vote
| of two-thirds of the entire capital stock
| present or represented at a general meet
ing of the stockholders convened for such
purpose. after previous notice shall have
! been given in the manner above required
| to be given of the annual meeting of the
| corporation.
ARTICLE Wifi this corporations shall
| be dissolved, either by Limitation or from
any other cause. its affairs shall be liqui-
dated by three commissioners to be APP
| pointed at the meeting of stockholders
convened for the purpose of liquidation.
Said liquidators shall remain in office I'M
| til the affairs of tie corporation shall have
been fully settled and liquidated and
they shall have full power and authority
| TO transfer and give title to all the pro-
| perty and assets of the corporation and
| to distribute the proceeds. In case of
death, disability or resignation of one or
more liquidators, the vacancy shall be
| filled by the survivor or survivors.
ARTICLE NIII-NO stakeholder shall
ever be held liable or responsible for the
debts, contracts or faults of said corpo-
ration in any further sum than the un.
paid balance due on the shares of stock
owned by him, nor shall any mere in
formality in organization have the effect
OF rendering this charter null or of
posing any stakeholder to any liability
beyond the amount due on his stock.
In, .LaN
ter may serve, as subscription list. the
undersigned ihcorporators of this cor
pOration have subscribed for the num-
Der of shares set opposite their respective
names. The subscription to said capital
stock by III. Or. Carter. Trustee. shall be
wholly paid Tor in property to be ex-
changed and transferred to this corpora
ton. In connection with said subscrip-
ton of III. Nj. Carter. Trustee, and the eX-
change Of sad property for stock there
is annexed to this act of incorporation,
and to be read in connection Herewith,
an accurate, detailed and itemized descrip-
ton OF such property as to amount, loca-
ton, extent, character and state of i'm
provement, together with a statement of
Its value as appraised by the directors.
Those done and passed. in my Office.
in the City of New Orleans. on the day
month and year first above written in the
presence Of ]. N. Swing and f. II. Krause
competent witnesses, and me, notary, after
due reading of the whole.
Witnesses: j. \. Swing, T. II. Krause.
ORIGINAL SIGNED:
FRANCIS p, BURNS,
Notary Public.
1. the undersigned. Recorder of Mort
cages in and for the Parish of Orleans,
State of Louisiana, do hereby certify that
the above and foregoing Act of Incer-
pOration of Claiborne-Centrs Oil
Company, incorporated, was this day
duly recorded in my office in Book ,126S,
folio =.
New Orleans, March 10Th, 1922.
(Signed): ROBT. SCOTT,
Deputy Recorder
true copy:
FRANCIS p. BURNS,
Notary Public.
March 23-Apr. 81.
CHARTER OF KRUEBBE CO.. INC.