The herald., 1922-02-23
CHARTER.

ana In the absence OF any commissioned
the president shall have the power to fill
the place by appointment. Of all such
elections as well as of all meetings Of
stockholders, except for the purpose of
liquidation or dissolution or as otherwise
required by law, fifteen days notice shall
be given-by mailing to each stakeholder
ewho appears as such on the books of this
corporation at his last designated ad-
dress, or care of general delivery at New
Orleans IL he has not designated an ad-
dress. a notice stating the time and place
OF the meeting. Each shareholder shall
be entitled to one vote for each share of
stock standing in his name on the books
of this corporation, TO be cast In person
or by proxy. and a majority of the votes
cast shall elect. Failure to elect direc-
tors on the day above specified shall not
dissolve this corporation, but the direc-
tors then in office shall remain in office
until their successors are elected and
qualified. Due notice of another election
shall forthwith be given as above pro-
vided for. and such notices of election
shall be continued to be given until an
election is had.
ARTICLE VII-At its first meeting,
each board of directors shall elect from
its membership a president, a vice-presi-
dent. and a secretary-treasurer, and shall,
from time to time as il sees fit, appoint
or employ such other employees as IL shall
deem necessary. The board Of directors
shall have full power and authority to
fix the salaries of all officers and of all
such other employees as il may deem nee
essary, and to make and establish, as well
as TO alter and amend all bylaws, rules
and regulations necessary and proper for
the conduct and management of the bust
ness and affairs of this corporation not
Inconsistent with this charter; 1t shall
also have full power and authority to do
all acts and things reasonably necessary
for the proper carrying on of the bust
ness of this corporation. and to carry
out the objects and purposes for which
Nhfa anrnnrnfSnn fG Arnnni1A1 nnltRNsn
the brrOwing of money necessary for the
ordinary business operations of this cor
poration, and through the president or
some other duly authorized person or
persons to execute and issue therefor notes
or other obligations Of this corporation
on such terms as in its judgment may be
advantageous; il shall also have full
power and authority to issue and deliver
full paid shares of stock of this corpora
tion for money, labor, services, property
or rights actually received by this cor.
poration, and to fill all vacancies that may
occur in its membership. A majority of
the directors present either in person or
by proxy shall constitute a quorum for the
transaction of any business. and at any
meeting of the board any director absent
therefrom may be represented by proxy.
ARTICLE VIII.-Until the first annual
election for directors to be held under
this charter. or until their duly qualified
successors are elected and installed, the
board of directors Of this corporation shall
be composed of: William ID. Naples,
whose post office address is Oklahoma
City, Oklahoma; William Il. Naples, whose
post office address is Altus, Oklahoma
and Joseph +. Simpson. Thomas FL. Ken.
dali and Irving X. Saal, the post office
addresses of all of whom are New Or
leans, La, with William ID. Naples as
President. William T. Naples as Vice.
President, and Joseph f. Simpson as Sec.
retary-Treasurer.
ARTICLE IX.-This charter may bt
amended and the capital stock of this
corporation may be increased or decreased
In the method and manner provided by
law as now or hereafter in force.
ARTICLE X.-This corporation may BE-
dissolved and the liquidation Of its af
fairs required by the affirmative vote OF
forty-nine (49) per cent. of the Outstand'
ing capital stock at a meeting specially
called for that purpose, but, except by
the unamous consent of all outstanding
stock, the period fixed for the liquidation
of this corporations affairs shall not bt
less than one hundred and twenty (12Ol
days from the date the hquidators are
appointed.
ARTICLE XI.-No stakeholder of thii
corporation shall ever be held liable oil
responsible for the contracts or faulti
Of this corporation in any further sun
than the unpaid balance on the stock fol-
which he has subscribed. nor shall an!
effect of rendering this charter null or o
exposing a stakeholder to any liabilit!
other than as above provided.
Thus done and passed in my office a
the City of New Orleans, La, on the day
month and year first above written. ii
the presence of Joseph Il. Hart and Chlo'
Gallmann, competent witnesses, who here
unto sign their names with said ap
bearers and me, Notary, after due read
ing of the whole.
Original Signed)
W. u. Naples. Oklahoma City, Oklahoma
$50 shares: W. Il. Naples, per w. ID
Naples, Altus, oklahoma; 1 share; j. +
Simpson. New Orleans, La, sos shares
T. H. Kendall. per J. F. Simpson, New
Orleans. La, / share; Irving r. Saal, New
Orleans, La, / share.
Witnesses: Joseph K. Hart, Chloe Gal
mann.
r. Fl. SAAL.
Notary Public
I. the undersigned Recorder of Mort
cages. in and for the Parish of Orleans
State of Louisiana. do hereby certify tina
the above and foregoing Act Of Incorpora
ton of the W. ID. Naples, Co., Inc, wa
this day recorded in my office in Boo
1868 Folio 52S.
ROBERT SCOTT.
Deputy Recorder
New Orleans, Jan. eth, 1922.
A true and correct copy of the original
New Orleans, La, January 18th, 1872:
i, r. II. SAAL,
, Jan. 19-Feb. %. Notary Publ
, ----- -~ro NV row