The herald., 1922-06-08
CHARTER.

CHARTER.
1 directors shall be elected annually, by
| ballot, by the stockholders, on the third
| stockholder shall be entitled in person
| or by proxy, TO a vote for every share
I owned by him, and all elections shall
| be held under such rules and reguia-
tions as may be determined by. the
! Board of Directors, after fifteen I'D days
| notice by mail of such election shall have
! been sent to each stakeholder at his last
| known address. The directors thus
elected shall continue in office for one
| year or until their successors shall have
been duly elected and qualified. NO
| failure to elect shall be regarded as a
| forfeiture Of this charter. Any vacancy
| occurring on said board shall be hlIed
| by the remaining directors for the un-
| expired term, the said board shall Ike
wise elect the additional members in case
| they should determine TO increase the
| number of said board. Said board shaI
at its first meeting after its election
| nominate out Of its number a President
| Treasurer. Vice President, and Sec
rotary. Said board shall have the right
| TO consolidate or segregate any two or
! said offices into one and to appoint a
! Secretary who need not be either direc-
| tor or stakeholder. as also the right to
appoint and dismiss such clerks, man
ayers and other employees OF the cor
pOratiOn as conditions may justify or
the business of the corporation may re-
employees of the corporation shall be
during the pleasure of the Board of
Directors. Any Of the directors shall
have the right to appoint. by written
holder To act rs his proxy and in his
stead at any and all meetings Of the
Board of Directors.
ARTICLE VI. No stakeholder shall
ever he held liable or responsible for
the contracts faults or debts of said
corporation. nor shall any mere infor-
mality in its organization have the effect
of rendering this charter null. or Of eX-
posing a stakeholder 10 any liability be
yOnd the unpaid balance due the
shares owned by him.
ARTICLE VII. This act of incOrpor-
alton may be changed. modified or altered,
or this corporation may be dissolved,
with the assent of the stockholders own
ing two-thirdS OF all the stock of the
corporation. at general meeting con
vened for that purpose. and after at least
ten days written notice Of this meet
ing has been given through mail ad-
dressed to each stakeholder at his last
known place Of residence. In case OF
dissolution by the expiration Of this
charter or otherwise. the stockholders
shall elect three liquidatOrS from among
their number 10 liquidate and settle the
business and affairs Of the company. In
case of death or disability of any of said
commissioners or HquidatOrS. the sur
vivOrS or the remaining liquidatOrs shall
appoint n successor TO him. The said
hquidatOrS shall have full power TO
settle said company's affairs. collect out
standing debts. sell and convey prop
erty, pay its debts and convey the re-
naming money and property among the
stockholders. They shall also have power
TO meet and act under the bylaws OF
the corporation and under regulations
TO be made by majority OF said nqui-
dators: TO fix The price and prescribe
the terms and sale OF said property. and
the manner in which the same shall be
by mortgage or otherwise. for part OF
the purchase price for all or any part
Of said property: provided. however. that
the rights herein conferred upon the
denied by a majority OF the shares OF
the capital stock Of the corporation. |
The said liquidatOrs shall have authority |
to sue for and recover the debts and |
property in the name of the corpora |
tioh. and may be sued by the same
name, and they shall he liable in sOlido |
10 any creditor or stakeholder for the |
moneys and property Of the corporation /
which shall come to their hands or pos
session as liquidators and for the proper |
application and distribution thereof
ARTICLE VIII Richard Albert Leigh,
whose postOftce address is 1879 Encamp-
ment street. New Orleans. La. has sub
scribed TO one hundred and ninety eight
shares: Albert p. DONATIONS. whose adj
dress is $50 Ursuline avenue, has sub
scribed to one share, and Philip Foto.
"hpst ppSttlute is lSul y. BROAD |
street. New Orleans, La, has subscribed
TO one share.
Until the election to be held on the
bird Monday in May. 1923. the follow
ing named shall constitute the first
Board of Directors, viz: Richard Albert
Leigh, Albert Z. DONATIONS. Philip Foto.
with the said Richard Albert Leigh as
President Treasurer, Philip FOto as Vice
President, and the said Albert L. Bon
laffOns as Secretary.
Thus done and passed in my office on
he day, month and year first above
in the presence OF Frank Il.
rwomey and Joseph l.. Weiss, competent
who have signed with the par
les and me, Notary, after reading the
whole.
Original signed: II. A. Leigh, Phil
'OtO, A. Z. DONATIONS.
FELIX j. DREYFOCS.
Notary Public.
F. Il. TWOMEY,
]. l.. WEISS.
/, the undersigned Recorder OF Mort
RACES in and for the Parish of Orleans,
State of Louisiana, do hereby certify
corporation of the LUMBERTON BROOM
MD MOP HANDLE FACTORY, INC,
vas this day duly recorded in my office |
n book 1868, folio 32S
New Orleans, May H. 1922.
ROBT SCOTT.
by. Recorder OF Mortgages
A true copy from the original act.
FELIX J. DREYFOUS,
Notary Public.