The herald., 1922-12-07
CHARTER.

may provide that such officers may not
be members of the board OF directors
and they shall fix the salaries of the Of
ficers, agents and employees. At any
meeting Of the boar Of directors, any
director absent from the meeting may be
represented by another director who may
cast the votes of the absent director ac-
cording TO the written instructions, either
general or special, of said absent direc-
tors. The board Of directors shall
have authority to make and establish.
as well as alter, and amend, all by
laws, 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 business OF
the corporation. ntil the general meet
ing of the stockholders for election of the
directors. to be held in 1923 or until duly
qualified successors are elected and quail
fed, the board Of directors shall be com
posed Of the following: Frank II. Hayne
man. address. New Orleans, La: John
ii. Bernhard. address, New Orleans, La.
Paul f. Jahncke. address. New Orleans
La; Hugh f. Vincent, address. New Or
leans, La, provided that the board above
named and any succeeding board may
choose additional directors within the to-
tai numerical limit of the board whenever
such total limit shall have been filled by
the directors. OF the foregoing directors
John II. Bernhard shall be president
Frank b. Hayne, vice president; Paul +.
Jahncke. treasurer and Hugh f. Vincent,
secretary.
ARTICLE VIII-This charter or act of
incorporation may be changed, modified
altered or amended by and with the con
sent of twothirds of all the stock present
"A
for that purpose; and such amendments
may be material or immaterial subject
only to limitations as may be by law
provided: and this corporation shall have
the power TO increase or decrease its capt.
tai stock as hereinbefOre set out, and any
increase in capital stock in excess Of the
amount named herein as the amount 10
which il may be increased may be made
by a three fourths vote Of all outstanding
stock.
ARTICLE IX-Notice OF any and all
meetings referred to in this charter or
required by law, shall be given In the
manner provided for giving notice in case
of elections. unless the same shall nave
been waived.
ARTICLE Kin case of dissolution
fiduidation or termination OF this charter
by limitation or otherwise, the afalrs OF
the corporation shall be liQuidated by one
or more liquidators elected by the stock,
holders, who may provide the number OF
such power and authority as may be by
law be permitted. fix the terms and con,
ditiOns upon which they shall serve, ana
their compensation. and provide that IN
case Of death or disability of any one OF
said liduidators, the remaining hquidators
may fill the vacancy or continue to act on
behalf of the corporation.
ARTICLE XI-No stakeholder shall be
liable or responsible for any costs. con
tracts. debts or faults of the corporation,
- ~ of
mere informality in organization have the
effect of rendering this charter null ana
void or of exposing any stockholders 10
any liability beyond the unpaid balance
due on the stock held by him.
ARTICLE XII-The subscribers hereto
have written opposite their names the
number of shares subscribed by each OF
them, and their post office addresses, so
that this charter may serve as the sun.
scription list of the corporation; all OF
which subscriptions are payable in the
manner and form set out herein.
Thus done and passed at my office in
the City of New Orleans, Louisiana, on
the day and in the month and year herein
first above written. in the presence OF d.
Blanc Monroe and Ralph J. Schwarz com
signed their names with the said appearers
and me- notary, after reading OF the
whole.
witnesses: ]. Blanc Monroe, Ralph J.
SchwarZ.
(ORIGINAL SIGNED)
Frank r. Hayne, 165 shares. Frank Il.
Hayne. So shares. New Orleans. La; X.
". bowman. 81 shares. r. II. bowman.
30 shares. New Orleans, La; Hugh r.
Vincent, % shares. Hugh f. Vincent, IL
shares. New Orleans. La; John III. Bern
hard. go shares, New Orleans, La; Paul
F. Jahncke. per Walter F. Jahncke. New
Orleans La. IS shares; Paul +. Jahncke,
ner Walter F. Jahncke, New Orleans, La
IL shares.
Recorded NJ o. B. 1919, folio $50.
A true copy: -
(SeaD WILLIAM J. GUSTE.
Notary Public.
Nnv 1H=nec u.