The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-30
CHARTER.

may provide that such officers may no
be members Of the board Of directors
and they shall fix the salaries of the Of
ficers. agents and employees. At an,
meeting Of the boar of directors, any
director absent from the meeting may b,
represented by another director who may
cast the votes Of the absent director &C
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
nent 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 Il. Hayne,
address. New Orleans. La; X. III. Down
man. address, New Orleans, La; John
III. Bernhard. address. New Orleans, La. !;
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-
U
such total limit shall have been filed by
the directors. or the foregoing directors
John III. Bernhard shall be president:
Frank Il. 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 two thirds of all the stock present
at any meeting. general or special, held
70 haf I'D Oh .I,x.A 30.
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 it's 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 Ii may be increased may be made
by threefOurths 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 have
been waived.
ARTICLE Kin case of dissolution,
LIQUIDATION or termination Of this charter |
nv limitation or otherwise. the affairs of |
he corporation shall be liquidated by one
,r more hquidators elected by the stock
holders, who may provide the number OF
said iQuidatOrs, and vest them with
such power and authority as may be by
aw be permitted, fix the terms and CON
iitions upon which they shall serve. and
heir compensation. and provide that in
,ase Of death or disability of any one of
aid liquidators. the remaining liquidators
nay MI the vacancy or continue to act on
'ehalf Of the corporation.
ARTICLE XT-No stakeholder shall be
liable or responsible for any costs, con-
racts. debts or faults Of the corporation.
II Of any Of its officers, nor shall any
N % In pt,ae IT, - 81
fleet of rendering this charter null and
old, or Of exposing any stockholders TO
ny liability beyond the unpaid balance [
u" on the stock held by him,
ARTICLE XIf-The subscribers hereto
ave written. opposite their names the ,,
lumber OF shares subscribed by each of :
hem, and their post office addresses, so p.
nat this charter may serve as the sub
,ription list Of the corporation; all Of
hich subscriptions are payable in the !
amer and form set out herein. a
Thus done and passed at my office in ! |,
lie City OF New Orleans, Louisiana, on !
e day and in the month and year herein =
rst above written. in the presence Of J. U
lane Monroe and Ralph J. Schwarz COM
etent witnesses, who have hereunto !.
I'd me. notary, after reading Of the
hole. n
Witnesses: j. Blanc Monroe, Ralph J. n
'hwarz.
tORIGINAL S1GNED) q
Frank b. Hayne. 1855 shares. Frank r. d
ayne. SO shares, New Orleans. La; r.
bowman. 81 shares, r. II. bowman, .,
shares. New Orleans, La; Hugh f.
ncent, % shares. Hugh f. Vincent, IL ~
ares. New Orleans, La: John III. Bern ~
I'D. $50 shares. New Orleans, La; Paul =,
Jahncke. per Walter F. Jahncke. New ~
leans. La. IS shares; Paul F. Jahncke. :,
r Walter F. Jahncke. New Orleans La, -
shares ~
Recorded NJ o. B. 1919, folio 49, VI
A true copy:
(SeaD WILLIAM J. GUSTE. lii
- Notary Public. al