The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-20
CHARTER

! of stockholders; and the board shall fix
| the salaries of the officers, agents and
employees. At any meeting of the board
of directors, any director absent from the
! meeting may be represented by any other
| director who may cast the vote of the alb
| sent director according to the written in
! structiOns, either general or special, of
said absent director. The board of direc-
| tors shall have authority to make and eS-
! tabliSh, as well as alter and amend. all
| by-law rules and regulations necessary
and proper for the support and manage
ment of the business and affairs of this
| corporation and not inconsistent with
this charter; and they shall have power
TO authorize the borrowing of money and
the issuance of notes and the execution
, of pledges and mortgages, and generally
to do all things necessary or convenient
! for the proper carrying on of the bust
ness of the corporation.
! Until a general meeting of the stock
holders for election of directors to be held
in 1923, until their duly qualified sue
ceSSOrs are elected and installed, the
! board of directors shall be composed Of
tine following: VIM. Pierce O'Neal. care Ma
| rine Bank * Trust Co. Gravier and Ca
rOndelet Streets, New Orleans, La; Ed
mund Il. LeOvy. care Whitney Central Ma
| tiOnal Bank, Gravier and st. Charles
Streets. New Orleans, La: Clinton +.
Niebergall, care anal-Commercial Trust
and Savings Bank, Common and CarOn-
delet Streets. New Orleans, La. OF the
foregoing directors VIM. Pierce O'Npal
shall be president; Edmund r. LeOvy.
shall be vice president, and Clinton L.
Niebcrgall shall be secretary treasurer.
ARTICLE FI-This act ,Df incorporation
may be changed, modified, or amended. or
the corporation dissolved by a vote of
tWo-thirds of the entire A capital stock
present or represented at general meet
ing of the stockholders convened for such
purpose, after previous notice shall have
been given in the manner above required
to be given of the annual meeting of the
corporation.
ARTICLE Wifi this corporation shall
be dissolved, either by limitation or from
any other cause, its affairs shall be liqui- !
dated by three commissioners to be ap-
pointed ut the meeting of stockholders |
convened for the purpose of liquidation, /
and to be elected by the vote of all the /
stockholders voting upon parity. Said |
liquidatorS shall remain in office until the |
AFFAIRS Of the corporation shall have been /
Iully settled and liqudated. and they shall !
have full power and authority to transfer |
and give title to all the property and as
sets of the corporation and TO distribute !
the proceeds. In case Of death. disability |
or resignation of one liquidatOr the va
cancy shall be filled by the survivor
ARTICLE SlII-NO stakeholder shall /
ever be held liable or responsible for the
contracts or faults 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 organi-
Zation have the effect of rendering this
charter null or of exposing any stock
noiuer 10 any haDlllty beyond the unpaid
balance due on his stock
In order that this charter may serve
as the original subscription list the sub
Srrlbers hereto have indicated opposite
thelr respective signatures the number
pI shares OF stock subscribed for by each
IF them.
Thus done and passed at my Office in
me city of New Orleans, on the day, month
ana year hrSt hereinabove written in the
presence of George Perez and n wilkins
witnesses. who have signed here
% together with said appearers and me.
notary, after due reading of the whole
witnesses: George Perez, " wilkins.
tNailes OF subscribers Omitted)
(SeaD WATTS X. LEVERICH
, 49,. ~ Notary Public
(SeaD: WATTS X IEyERICU
Ina, ,o Notary Public