The herald., 1922-06-15
CHARTER

uer provided FOR by the laws Of this
state, and whenever an increase OF said
capital stock shall have been author
lied fifteen days written notice shall
Ice given TO each stoCkholdyr within
which time the present Stockholders IN
the corporation shall have the right 10
subscribe To said lUUCeIS" OF stock IN
proportion To the number of shares of
stock held by them and which shares
shall be paid for at such time and IN
such manner as the board of directors
may direct. After the expiration OF the
sand time for subscriptions and pay
mvut the board OF directors may dis
pose OF the shares not taken. for the
benefit of the corporation. IN such man
nrr a. they may think proper, 1T NOT
less than par
ARTICLE Who stockho,Ger shall
sell or otherwise dispose OF any share
or shares of the capital stock of this
corporation until ten days prior notice
OF such intent 10 do So shall have been
given IN writing to the corporation.
during which time any one or more
of the stockholders shall have the
privilege of purchasing said stock 50
offered at the actual value. based upon
the books OF the corporation.
All transfers of stock shall be made
on the books Of the corporation by sur
rrndeTlnE IN certificate thereof 10 the
presiding officer. VINO shall Write thu
word cancelled" prominently across
the face thereof and erase the prrs!-
dents signature therefrom before Is
suing new certificate.
ARTICLE NIII-At all elections .r
I by meetings OF the stockholders each
share shall hr entitled 10 one Vote 10
be east either by the person IN who's,
name the stock appears ON the books
OF this corporation at the time of vut-
ing or by an attorney holding said
stockholders written proxy.
ARTICLE IN-The business and cor
porate affairs of this corporation shall
be transacted by board of directors.
Of not less than three directors, nor
more than five directors, To be COM
posed of stockholders thereof and they
and each Of them shall br elected at
= meeting to be held for that purpose.
Any vacancies in the board Of direc-
+ tors 50 elected shall be filled hy the said
/ den 1914 st. Mary Street. New Orleans.
/ La. Sidney &. Ford. i67l Venus Street.
New Orleans, La; Louis y. Fompoueau,
/ i",l Venus Street, New Orleans, La.
Nm. Mel FayssouN. l4Os Peters Ave
nue., New Orleans. La, shall constitute
/ thu first board OF directors and
/ snail hold office until the first
constitute the first board of directors
and shall hold office until the first
/ Monday after the second Tuesday in
I january. 1923. or until their successors
! are elected and qualified and each
/ subsequent board shall have their
! seats Immediately following they cleo
Z ton. or as soon thereafter as 1racti-
cable and shall hold their office until
their successors shall have been elect
: ell and qualified. The directors here
/ lnahoye named shall elect their own
I officers.
/ The officers elected and designated
I to serve until the first Monday after
! the second Tuesday in January 1923,
/ ii are as follows. LcOuOra +. Hidden.
/ 1914 st. Mary Street, New Orleans, La.
/ president. Louis a PompOneau, +67l
Venus Street. New Orleans La. vice
:
t Street, New Orleans La, treasurer.
ON the first Monday after the second
/ Tuesday in January 1928 and annually
1 thereafter, an election of directors, by
/ the stockholders shall be held at the
/ office OF the corporation after fifteen
I days notice thereof shall have been
! given by publication in one of the daily
! papers IN this city, by three publlca-
| tIonS thereof during said time. the first
/ To be made fifteen days prior To said
| mecti Z. Every board OF directors
! shall. 81 its first meeting after its cleo
| ton. 'or as soon thereafter as practi-
! cable. elect from their own number a
president, viCe-president and a treas
urer.. The board of directors shall also
/ elect a secretary, who may or not be a
I member Of the board. The office OF
! the secretary and treasurer may he
/ filled by one and the same person at the
; discretion OF the board.
{ \ failure to elect directors on the
/ date above specified shall not dissolve
the corporation, but the then existing
, board Of directors shall continue in Of
flee until their successors are elected.
Fifteen days prior notice shall be given
in the manner hsreinaboVe provided
which notice shall be full and complete
notice TO all stockholders OF such meet
ing.
Any director shall have the right 10
be represented at any meeting OF the
board Of directors OF this corporation.
by an attorney holding said director 5
written proxy.
The majority of the members of said
board of directors shall Constitute a
quorum for the transaction and man
aSement Of alb business of said cor
poration. They may make such by
laws, rules and regulations as they may
think proper for the transaction of the
/ business and affairs of said corpora
ton, and change, alter and amend same
at pleasure, appoint and fix salaries OF
all Officers, clerks and employees, the
| same to change and dismiss at pleas
ure, fix salaries for officers provided
for herein; sell. convey, mortgage,
pledges, lease and purchase property,
movable. immOvable and personal, bor-
row money, issue notes and bonds lend
money make contracts and sign and
cause to he signed all necessary acts,
deeds. etc, to take judicial proceedings
in the name and on behalf of this cor
pOration, and to do all things which
may be necessary to be done in the
management of said business and may
porations and declare dividends.
ARTICLE N-This act of incorpOra-
tion may be changed, modified or al
tered or said corporation may be dis
solved with the assent of two-thirdS
Of the amount of stock present or re-
presented at any general meeting OF
the stockholders of said corporation
convened for that purpose, after pre-
inabove set forth in Article IX. But
any and all meetings of stockholders
whether for purpose Of liquidation oil
. for any other purpose, may be held al
, any time without notice, by unanimous
/ consent of all stockholders in writing
. filed with the secretary.
ARTICLE XI-The president, or act
ing president, may in his discretion
and shall upon the written request OF
one stakeholder. call special meeting
, ! of the stockholders of this corporation
ARTICLE NII-No stakeholder shall
ever be liable or responsible for tbs
contracts or faults of this corporation
| in any further sum than the unpaid
} | balance due to the company on th'
! shares owned by or subscribed for by
him: nor shall any informally in tn,
organiZa ton have the effect OF render
ing this charter null or of exposing
the stockholders to any liability.
= ARTICLE XIII-Whenever this cor
poration is dissolved either by hquida
= ton or from any other cause, its AT
| fairs shall be liquidated under the su
perintendency of three stockholders, e
] be chosen for that purpose by two
e thirds in the amount of the stockhold
5 ers present and represented at a gen