The herald., 1922-09-21
CHARTER.

as in their judgment may be proper
| Three of the directors shall constitute
a quorum for the transaction of bust
ness. The board of directors shall have
the power, by a vote of not less thar
| two-thirds of all directors to sell al
or any part of the property. movabl,
and immovable. belonging to the corpo
| ration, or to receive in exchange there
| for money or stocks or bonds or other
| obligations of another individual, firm
| or corporation of any character, with
out referring to the shareholders fol-
power to do So At any meeting. of the
hoard or directors. any director absent
| from the meeting may be represented
I by any other director, who may cast
the vote of the absent director accord.
| ing to the written instructions. either
! general or special, of said absent di.
rector Until the annual meeting OF
I 1923, the board of directors shall con-
sist of the following: Robert II. Down
man. post office address. 1925 St
Blanc Monroe. 1924 Louisiana Avenue
New Orleans. La; Thomas Stark. Thibo-
deaux, Louisiana: Jesse w. Mcmillan.
55lS Chestnut Street New Orleans,
louisiana and ]. Fallon Wigginton. 1899
Calhoun Street. New Orleans. OF the
foregoing Robert II. bowman shall he
president; Thomas Stark. vice-presi-
dent. and Jesse w. McWilliams, secre-
tary-trea Surer
ARTICLE VI-This act of incorpora-
ton may be changed. modified or
amended. or this corporation NAV be
dlssoived in the manner provided by
law. by vote of two-thirds of the en-
tire outstanding capital stock. present
or represented. at a general meetinp
OF the stockholders convened for such
purpose after previous notice shall
nave Deen given in he manner above
required TO be given of the annual meet
NE OF me corporation. The capital
stock of the corporation nv be in
creased or decreased by proceedings
IN accordance with the laws of the
snail be dissolved. either by Limitation
OF from any other cause. it's affairs
snail be liquidated by three (3) COM
mlssloners 10 be appointed at a meet
purpose of liquidation. and 10 be aIectad
by vote of all the stockholders. said
Ilunldators shall remain in Office until tho
affairs of said corporation shall have
t gsem IuIiy settled and liquidated. and
they shall have full power and au-
thority TO transfer and give title to all
the property and assets of the corno
raticn, and to distribute the proceeds
~, ,io case OF death. disability. or resigna-
tlon or one or more liuuidators tbe va
cancy shall be filled by the survivor or
survivors ''i vi
ARTICLE VIII-No stockboIder shall
ever be held liable or responsible for
the contracts or faults of said cornoro
ton in any further sum than the unnaid ;
balance due on the shares of stock
owned by him. nor shall any mere in !
Iormallty In organiza ton have the Of ,
Iscl OF rendering this charter null or
Dt exposing any stakeholder to anv liza
stock uNe vi MS
ARTICLE IX--There is annexed here
=, . an accurate. detailed and itemized
description of certain property being f!
,ertaln leases or sub-leases of lands or |
,lherals rights in the Parishes OF 81 /
Mares, st. James, Assumption 81 4
ohh me Baptist and Lafourche which !
IRE 70 be conveyed to the corno-
IONS Tor nine thousand three hundred siy-
y seven 1857 shares Of its capital stock !
'noNing the amount, location, extent
haracter. and state of IMPROVEMENT NJ
aid property. together with a statel
nent OF the value of the said leases os
ppralsed by the directors of this cor
ordtlon. And. In order that this char
er may serve as the original subscrin
ION list. the subscribers hereto have
HiuIcated opposite their respectiy
iSnaturs the number of shares of stock
unscr1bed for by each of them.
mus Done ara passed. in my office.
tne CITY or New Orleans, Louisiana !
n the day. month and year first above
'rltten In the presence of Nellie nil
on and Shirley Hoffman. comnetent
Itnesses, who have hereunto suh
crlbed their names. together with mo
otary, and said appearers. after due
eading of the whole Uue
ORIGINAL SIGNED)
Names of subscribers on,ittadl
ian. Siii icy holI-
tseaD WATTS X. LEvER1cH.
ug. 17-Sept. 81. "oiic I