The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-20
CHARTER

Of one hundred $500 oM Son
s.ali he paid for in cash oooilars sS\I
DIT par IN payment for may b.
purchastd by or services PROPERTY Nv
vi pUEhtioh at such times aneered
direct. 0Odru Of direC,soo
The amount to which 4, 81
OF thlS corporation msr me capital
,try h&ed at the sum Os increasS
thousand tsl0O,OOO.OO AL Ol one h.
INTO and Represented nv uOiiars, S~
tlVoob shares of the ~ one ths"
hundred (slOOOO) dollaprsa Par value
STOCK or any part there's. each, Sps
on complying with the may Be
ia"' and said stock so issuaisu isites ~
Ior In cash, or may be- ;se, shall
payne for property ac,nu Issued at a.
by' or for services renda,! puts,.
Porauon. nj such times ~ 70 thI
direct. OF directa,. :
ms corporation SHAH ho
commence business and he authon,s
Germ as soon as one.bot. a goine
stock. wit: twon,n OF Its s.s
lS25,OOO.OO) dollars. is snhsnN% asSs,,
ARTICLE Van the povaY
corporation shall be vested t e. Of q,
Used hy a board Of directors ~ and o.
annually on the first Mondav " De tsrs
u Tach year and a maiori,v tsbrls
,n n",l 'o. s quorum 70, " We
actloh OF business, and Vs ne Ia
,Oots CaSt snail decide all onsa.JStlp n
Sach eiectlons shall be conSr"aions;
onIge Oh this corporation unSsd n :
,isIoh OF three cOmmisSiora ne q
"pioin!ed by the president
IN sltCIloh and OF all other n. Sets d
sochhoiders Whatsoever. unla,set
IN Mrltlng' snail be given na,ss Hhs
uepositIng IN the United s,oa1 s|
S LII III New Orleans, al lsss. n
IA; ptIore such meeting, a no,". nta
mululng thereof, enclosed in
a, r ,p addressed to each opSSSlt
az I.e ldSt ADDRESS furnished "a ~
a pui a.ion oy SAID stockholders, ana a y
eSrn' thdt no address be furnisS.i =
aduTess General Delivery Nsw g, u
a, iedst Two days before said MA. oiea
Ip,e'e hSt OF the stockhoder, .e
70 Note Shah be open TO inspectio, eaus
stochH9iders at the place Of said rg .
" salu SIeEIloh' and at all Other r" sslt
49, ~ rstochh9Iuers' the voting shan y
Da,lo'' ana each stockhOlder shan y
litieG 10 one vote for each share a,
as III MS name on the books - ~
proxy. PeisOn o.
FIFTY per centum Of the o,,..
capital stock of this corno,ssIAacs
constitute a quorum at anv ana VI u
lngS for the transaction ~ an, ~ nss
business, except as otherwise n,o,, aae
law, Inc majority Of stock vo,.S
decide all questions, except as ~ "
provided by law or this Charter "Hs''s
vacancies occurring in the ho,,s
rectorS' because Of death, resirnsss.. :
otherwise. shall be filled by the ,.m.a
members of the board by selsctaa
the other stockholders. 'u IN
The failure to hold an ANNA,
or to elect directors as Anew eleaa
shall not dissolve the cerporatio. plosks
directors and officers then in os;o ". =
cause an election 10 be held a. "
possible thereafter, Snotice ~ rb,s wi =
be given as above provided %, ~ y.
ing of the annual meeting 40 A' ~
holders, pending which election "A. ~" \
directors and officers shall renal, ~
until their successors have bee, AMI, y na
ed and shall have qualified. ' 's'
The board of directors shall MIA.
thlrty days of each annual election ~
from their own number a presidsnt -, l
and shall also elsct :.
rotary and treasurer and shall have ~.
TO combine the offices or secrets,r ~
treasurer in one person. -
The board of directors shall h.v. a
power of delegating all or anv :, u
power in the transaction OF the hu,i,.-
or this corporation to a committee a, =.
mlttees of its own body or 10 oiic,r ~
agents of this corporation, and ths b,,.
OF directors may appoint from din, :
time such officers, managers cs,,,
agents or employees as they NAV a.
necessary or proper for the copdur 4
the business of this corporation. and M
officers, managers, clerks. agents and n
ployes shall hold Office only at The pIs,
ure of the board.
Any and all directors shall hold osr
at the pleasure of the stockholder. "a
may at any general meeting held for t,r
purpose, on notice as above provided N
The holding Of the annual meeting Of stsi
holders, declare such dircetorships uur
ana elect their successors, and Il shil h
the duty of the president or secreiau b
,all meeting for that purpose at he y
quest in writing Of ten per centum Of n
'apital stock of this corporation then ~
The board OF directors shall have psss
70 adopt bylaws for the government {
this corporation and alter, amend *
abolish the same at its pleasure 1t ~
general or special meeting Of the boar
- ii. a
liter, amend or abolish the bylaws sii
be required.
The first board of directors shall be r,
posed of W. l.. 0'Daniel, L. T. Tucker M
R. f. Clark, OF New Orleans. La, VI
shall hold their offices and exercise bg
until the annual election 10 \
held on the first Monday Of Febrsl5
1913. or until their successors are trf
elected and qualified subject to the o.
iitions hereinabove provided.
ARTICLE VI-This act OF lncorponta
nay be modified, added to or ehnpt
,r said corporation may be dissolved J
he manner provide by law Of the Stat. q
at the time such action 10 1ih
md whenever this corporation Is o.
solved. either by Limitation or otheryk
rs affairs shall be liquidated By nv
commissioners to be elers
II a general meeting Of the stockhoksn
allied for the purpose Of voting On y
question of liquidation, or thereafter. u
n case Of the death or resignation Of ~
II the said commissioners. the survin,i
DR. remaining commissioner or GOMEZ
'ioners shall continue to act, and ID ~
,f death or resignation OF all OF u
three or more commissioners shah
elected by the stockholders to eonP'
he liquidation.
All meetings Of the. stockholders sne =
'ectors shall be held IN New Oriesnh
he office of the company, or II II hn
'ffice, at some other accessible pn9
business, and any and all notices proNas