The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-11
CHARTER.

poration, and generally to do any and all
business incident thereto or connected
with the objects and purposes of this
| corporation.
ARTICLE ". The capital stock is
hereby fixed at Five Thousand Dollars
| (S5,OOO.O0), to be divided into two hun
| dred (20O) shares of the par value of
twenty Five Dollars (S2500) each, where
| or fifty-two per cent. (52%) shall be
subscribed and paid for before the filing
of these articles of incorporation. All
stock subscribed for shall be paid for IN
cash or property received. Each share of
stock shall be entitled TO one vote at all
elections and meeting and entitled to the
same rights and privileges as any other
such share. No stock shall he issued
over and above the shares subscribed for
mt the time of the signing of this act ~
Incorporation. whether * be ouI IF the
balance of the capital stock herein pro-
Nlded for. or out of the increase of the
! capital stock, without first Offering it
to the stockholders of record in the pro-
portion of their holdings as shown by
this act of Incorporation. The amount
of the capital stock may be increased up
10 the amount Of Twenty Five Thousand
! Dollars 1928 100000. No stakeholder in
| this corporation shall dispose OF his held
ings, or any part thereof, without first
offering the same 10 ;he corporation at
| its book value. and the corporation shall
| have ten days within which 20 accept
/ or reject said offer
No stakeholder shall ever be held
| liable or responsible for the faults or
contracts of said corporation in any
| further sum than the unpaid balance
due on the shares of stock owned by
| him, nor shall any mere informally in
| organization have the effect OF rendering
| this charter null or of exposing any
/ stakeholder to any liability beyond the
| amount due on his stock.
ARTICLE V. All the corporate pow
erS of this corporation shall be vested
in and its business and affairs managed
! by a Board CT Directors, consisting OF
| three 90 members, two (2) of whom
| shall constitute a quorum for the trans
| action of business. Any vacancy or va
/ cancies in the Board of Directors shall
! be filled by the remaining directors.
All voting power OF the Board of Dire
| tors shall he on the basis If the stn"k
| owned by the said director. mt ifty-two
! (52l per cent of said stock will he neccS-
sary to express the will or intention oi
| said Board of Directors in all matters
| of contract or respecting the manage
| ment of the corporation.
The first Board of Directors and off
| GERS appointed under this charter shall
| hold office until the second Monday IN
! January, 1928 or until their successors
are elected and qualified, and until the
| second MONDAY IN JaHudTN- 100, Ine lOl-
| lowing parties shall constitute the first
Board of Directors of the corporation
! tO-wit: Alfredo Blanco. Fernando Patron
| COrrea and Amado II. Gutierrez, with
Alfredo Blanco as President, Fernando
Patron Correa as Vice President. and
AmadO r. Gutierrez as Secretary
| Treasurer.
Failure to elect directors on the day
above specified shall not dissolve the cor
poration, but the directors then in office
| shall remain in office until their sue
| cessors are elected and qualified.
| ARTICLE VI. All notices of stock
| holders or Board of Directors meetings
including the annual meeting provided
| for herein, shall be held after twenty
| four (2i) hours written notice shall nave
| been mailed by the Secretary to each
stakeholder at his last known place OF
residence. and at all stockholders meet
| ings a majority of the stock represented
| by proxy or otherwise shall control.
| ARTICLE VII. This charter may be
| amended or the corporation may be els
solved and liquidated by a fiftytwo (52l
per cent vote of the capital stock ap-
pearing on the books of the company
and. in case Of liquidation, the Board Of
Directors then in office shall liquldatC
| the corporation
Thus done and passed at my office In
| the City of New Orleans on the day
month and year herein first above writ
|
and Miss Amelia Babin. competent wit
nesses. who hereunto sign their names
with the said appearers and me, Notary
! after reading of the whole, the said ap
1 bearers subscribing for the amount OF
stock set opposite their respective names
Names of incorporators. together will
their addresses and shares subscribed
| for by each of them.)
| Witnesses
A. H. RITTER,
| A. BABIN.
J. NJ. QUINTER0.
| Notary Public
!. 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 incor
| poration Of the Ell HERALDO MER
| CANTIL PUBLISHING CO. INC. wat
! this day duly recorded in my office ir
| book 1903. folio
New Orleans, La, April IS. 1922.
ROBT. SCOTT.
by. Rec.
/ A true copy.
(SeaD J. NJ. QUINTERO.
| Notary Public.
| Tuna