The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-14
THE HERALD, ALCIERS, LOUISIANA
CHARTER.

establish offices and agencies In other
states or foreign countries. All citations
or other legal process shall be served on
the President, or, in his absence, on the
Vice-President, or, In the absence of both,
upon the Secretary Treasurer.
ARTICLE ". The capital stock OF
this corporation shall be Seven Thousand
90 100 Dollars, to be divided into seventy
(10) shares of the par value of One Hun
bred 90 100 Dollars (S100.00) each. which
shall he paid for in cash or its equivalent,
or for property or labor performed. or
service actually rendered TO the cOrpor
alton.
The capital stock Of this corporation
may, in the discretion of the Board OF
Directors, be decreased to the sum OF
Fifteen Thousand o0/100 Dollars.
This corporation shall be a going con-
Germ and authorized to begin business as
soon as fifty per cent of the capital stock
shall have been subscribed for and paid
into said corporation.
ARTICLE v. All the corporate powers
OF this corporation shall be vested in and
exercised by a Board of Directors COM
posed of not less than three stOckhold-
ers. who shall be elected by the stock
holders at the annual meeting of the
corporation. which shall be on the first
| Tuesday of September of each year
A majority of the stockholders present
or represented shall constitute a quorum
for the transaction of business.
The officers of this corporation shall be
a President. VicePresident. u Secretary
and Treasurer They shall be elected
among their number. All directors and
| officers shall be elected for a term of one
year. but shall hold office until their
| successors are elected and qualified.
Any vacancy in the Board of Directors
or offices from whatever cause shall be
| filled from among the stockholders by thu
| remaining members of the Board of Direc-
| tors.
All elections shall he by ballot; each
| share shall be entitled to one vote, and
| the majority Of the votes cast shall elect
Votes may be cast either in person or by
written proxy, provided that no stock
| shall be voted at any meeting which has
| been transferred upon the books of the
| corporation within thirty days prior tC
the said meeting.
| ARTICLE VI. No stakeholder shall ever
he held liable for the contracts faults oil
debts Of this corporation. nor shall any
mere informality in its organization have
| the effect Of rendering this charter void
| or exposing stakeholder To any liahilit,
beyond the unpaid balance due on ih'
| shares owned by him.
! No stakeholder shall have the right Il
| dispose of. ALLEVIATE or otherwise encum
| Der his holdings of stock in this cOrpor
alton without first notifying the said cor
| so doing. and the stockholders of said
| corporation shall have the right and priv
| ilege of availing themselves of the hold
ings or stock so offered.
| ARTICLE VII. The first Board o.
| Directors shall consist Of John l.. Thomp
| son. James c. Motion and s. Miles Shafer
with John L. Thompson as President
James G. Motion as Vice-President. anC
s. Miles Shafer as Secretary and Treas
urer.
ARTICLE VIII. This act of Incorpor
alton may he changed. modified, altered
| or amended. or this corporation may b.
dissolved with the assent of stakeholder
| owning threefourths IF the capital stool
| Of the corporation. present or Represented
at a general meeting convened for tina
purpose. and after at least ten days writ
ten notice has been given through III
mails to each stakeholder Mt his las
known place of residence. and by publ
cation Of said notice in one of the dali
newspapers Of the city of New Orleans 70
ten full days prior to said meeting.
In case Of dissolution by the expira
tion Of said charter or otherwise. I'll
stockholders shall elect three liquidator
business and affairs OF this corporation
In case Of death or disability of an
| Of said commissioners or liquidators. III
survivors shall wind up the affairs of sal
corporation.
Thus done and passed at my office |
the city of New Orleans. La. on the da
and in the month and year first abov
written. in the presence of Milton ]
Moore and Brittmar p. Landry. competer
witnesses, who have signed their name
hereunto, together with the said appear
ers and me. Notary, after due readin
OF the whole.
Original signed: James G. Motion. Ne
Orleans, IL shares; John L. Thompson
! New Orleans, shares; John s. Mioto
New Orleans, IL shares; S. Miles Shafe
| New Orleans. ; shares
Witnesses: Milton f. Moore, r. p. Lar
dry.
GABRIEL FERNANDEZ, JR..
Notary Public.
I. the undersigned Recorder Of Nor
cages in and for the parish of Orlean
state of Louisiana. do hereby certify tn;
the above and foregoing act Of incorpo
atioa of Excl Chemical MANUFACTURER
, Company. Inc. was this day duly recordc
! in my office in Book 1878. Folio 4S.
New Orleans. Sent. I. 1922.
ROBT. SCOTT, by. Rec.
True Copy:
GABRIEL FERNANDEZ, JR..
Notary Public.
Sept. 14-Oct. 10