The herald., 1922-04-27
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
($5000.00), to be divided into two hun
dred (2O0) shares of the par value of
Twenty Five Dollars (S25O0) each, where
OF fifty-twO per cent. $3.50 shall be
subscribed and paid for before the filing
of these articles of incorporation. All
stock subscribed for shall be paid for Al
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 be issued
over and above the shares subscribed for
at the time of the signing of this act Of
Incorporation, whether Ii be out of the
balance of the capital stock herein pro-
vided 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
this corporation shall dispose of his held
ings, or any part thereof, without first
offering the same 10 the corporation at
its book value, and the corporation shall
nave ten DAYS Wiiiln NnlC. 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 informality 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 Board of 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 Direc-
| tors shall be on the basis uf the st 'ck
owned by the said director. tut ifty-twO
(52) per cent of said stock will be neces-
| sary to express the will or intention OF
| 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. 1923, or until their successors
are elected and qualified, and until the
second Monday in January, 1923, the fol
| lowing parties shall constitute the first
Board of Directors of the corporation
to-wit: Alfredo Blanco, Fernando Patron
Correa and Amado r. Gutierrez, with
Patron Correa as Vice-President, and
Amado X. 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 tweaty
four (2D hours written notice shall naf'
been mailed by the Secretary to eaci
| stakeholder at his last known place o
residence. and at all stockholders meet
ings a majority of the stock represented
by proxy or otherwise shall control
ARTICLE VII. This charter may b.
amended or the corporation may be els
solved and liquidated by fifty-two (52
per cent vote of the capital stock ap
pearing on the books of the company
and, in case of liquidation, the Board q
Directors then in office shall hquIdat
the corporation.
Thus done and passed at my office II
the City of New Orleans on the day
month and year herein first above writ
ten, in the presence of August III. Rite
and Miss Amelia Babin. competent wit
nesses. who hereunto sign their name
with the said appearers and me. Notary
after reading of the whole, the said ap
bearers subscribing for the amount o
stock set opposite their respective name:
(Names of incorporators, together wit
their addresses and shares SUBSCRIBE
for by each of them.)
Witnesses:
A. II. RITTER,
A. BABIN.
j. NJ QUINTERO.
Notary Public.
l. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State Of Louisiana, do hereby certify tia
the above and foregoing act of incol
poration of the Ell HERALDO MER
CANTIL PUBLISHING CO., INC, wa
1 this day duly recorded in my office !
book 126S folio
) New Orleans, La, April Is, 1922.
ROBT. SCOTT,
by. Rec.
2 true copy.
(SeaD ]. NJ QUINTERO.
Notary Public.
! Abr 27-June1