The herald., 1922-09-07

CHARTER.

| Any director. unable for any reason to
act or be present at meeting. may give
his proxy to any other director TO act in
| his place and stead.
The board Of directors shall have, and
at all times exercise, the whole corporate
power (when ratified by majority of the
! stockholders. including the power TO
| lease, SELL, mortgage or convey any part
of the operating plant of the corporation,
or the real property upon which il is sit
uatcd, either in whole or in part; to trans
| fer the assets of the corporation as
whole and TO merge the said corporation
! with any other corporation, directly or
| indirectly and to receive in payment OF
any such lease, sale, mortgage, transfer,
! or merger the fun paid certificates of
| stock of any such corporation. and Ia
! distribute said fully paid certificates of
| stock to the stockholders of this corpora
| tion in the proportion of their holdings
| herein at the time of the contamination
| of such transaction to issue shares OF
] stock up to the amount to which. under
| this charter, the stock may be increase
provided the total proposed increase shall
be read at one meeting and laid over for
action at the next meeting of the board
Of directors before il is adopted: and. on
such action. the new stock shall be first
offered to the existing stockholders in the
proportion Of their several holdings with
thirty days privilege 10 pay for the sam"
before any stock is s1ered for sale, or
The board is given authority 10 FIX
salaries and to change the same ut plea
sure.
The board of directors shall be- elected
Immediately after the execution of this
charter, without notice or other formality.
The board thus elected shall serve for one
year, OF until the first Monday Of Sep
TENDER 1923, and thereafter, or until its
successor is elected aud qualified
" the expiration of I'll" term of office
herein fixed for the first board. the board
of directors shall be elected at a meeting
Of the stockholders to be held in the City
Of New Orleans. annually. on the first
Monday of September in each year. at
which meeting any matter of interest To
the corporation may be discussed and de
termned as matter of course without
previous notice.
ARTICLE NI-The elections for board
of directors. as the other acts Of stock
holders. shall he determined by a vote of
IN" majority Of the stock present and re
presented. either in person or 10y proxy. at
such meetings, unless otherwise required
by law Fifteen days notice Of all meet
lnSS Of stockholders shall Ice sent to the
last known pO>totiicr address of the stock
holder. and the stakeholder shall record
his p"Stohce address with the secretary
of the company. In the event of his fail
hr" To do 80, notice addressed to the
st",hhoId"r at New Orleans: Louisiana.
and deposited in the poStoiliCc at New
Orleans. Louisiana. will he sufficient
notice To the stakeholder aforesaid
ARTICLE Vino stakeholder shall
ever be held liable or responsible for IN"
contracts or faults of the corporation in
any further sum than the unpaid balance
due ia" company on the shares Of stock
owned 10y him. nor shall any mere infor-
mallty in organization have the effotS of
rendering this charter null or of subject
ing any stakeholder to any liability be
youd the unpaid balance due by him
ARTICLE NIII-ThiS act Of incurp0ra-
ton may be- changed. modified. altered or
the capital stock increased or decrra sod
in the manner prescribed 10y law. at gen
cral meeting convened for that purpose"
after nftecn days notice mailed bv the
secretary and treasurer. or the secretary.
as hereinhefore set forth. or delivered by
him in person.
ARTICLE IN.-Whenevcr this corpor-
alton i dissolved. either by limitation or
from any other cause its affairs shall be-
Iquidated by two commissioners selected
from the stockholders at general or 4
special meeting of the stockholders after
hfteen days written notice by the Srcr,-
tary as above set forth. or delivery hy
the said secretary in person. the said com
IllSSl"nerS to be chosen by majority of
the vote of the stock east at said meeting
by the owners thereof as they appear on
th" books Of the company. at the date of
the said meeting. in person or by proxy.
ehch snare of stock To Ice entitled To one
vote.
Thus done and passed I'm NV office. in
the City Of New Orleans. aforesaid ON
the day, month and year herein irSt above
written. in the presence of Ne>SieurS Fu-
gene Stanley and John Hickey. both com
pet"nt witnesses. Of lawful age. residing
In this city. who hcreunto sign their
names together with the said appearerS
ana me. Notary. after due reading of these
presents.
Original signed: James T. Williams.
1881 Nelson St, 30 shares. 500 per share.
$4,000: Francis Il. USina, 1896 Prytania
ST. - shares. 800 per share 50 800: Ed |
mund II. Isina. 1896 Prytania St -
shares, 500 per share. 50 500
A ID. HENRIQUES. JR.
Notary Public. :
Witnesses: Eugene Stanley. John
Hickey.
l, the undersigned Recorder Of Mort
cages, in and for the Parish Of Orleans.
State of Louisiana do hereby certify that
the above and foregoing Act of incorpora-
tlon Of the James Il. Williams, Incorpor-
atef. was this day duly recorded i'm nv
office in Book 12GS Folio 500
New Orleans La. August nth 1920
(Signed) RORT. SCOTT
Deputy Recorder J
\ true copy:
(SeaD A. u. HENRIOTES Jr
Notary Public.