The herald., 1922-01-26
CHARTER

president and Secretary Treasurer to cali
the said meeting to be held within hfteeb
DAYS after such failure to elect.
All vacancies occurring IN SAID Board
by resignation or other wise, shall be
filled by the remaining directors.
The Board of Directors shall have the
power and authority to make ana es-
tablish. as well as alter and amend. an!
and all bylaws, rules and regulations
that may be requisite for the government
support and management of the business
and affairs of said corporation. and 1t
shall have power and authority 10 CON
tract debts borrow money and issue notes
in representation of same, and TO issue
bonds and, generally to do all things
incidental to the objects and purposes OF
said corporation.
ARTICLE VI-Whenever this corpora
ton is dissolved, Wiener by limitation
or for any other cause. its affairs shall
be liquidated under the superintendent
Of two commissioners to be appointed for
that purpose by the stockholders, mt a
general meeting to be held and convened
! for that purpose. after ten days notice
| shall have been given to every stakeholder,
through mail Said commissioners shall
remain in office until the affairs OF said
corporation shall have been fully
! liquidated and settled, and in the event
! OF the death of one of said commissioners,
the survivor shall fll the vacancy. Their
compensation is hereby fixed at two and
| one-half per cent. ON the amount realized
by them.
ARTICLE Widths act of incorpora-
ton may be changed, modified or altered,
and the capital stock increased so as to
make the capital stock not to exceed the
sum of Twenty Thousand (S20OOOOO)
Dollars, or said corporation may be dis
solved by the assent of twO-thirds in
amount of the capital stock at meeting
OF the stockholders convened for such
purpose by the Board of Directors after
thirty days previous notice of such meet
in hnl lisl pt N "A
paper in the Parish of Orleans, and after
all the other fOrmalities of laww shall
have been complied with.
ARTICLE VIII.-NO stakeholder shall
ever be held liable or responsible for
the contract or faults of said corporation
in any further sum than the unpaid
balance due to the corporation on the
shares of stock owned by him, nor shall
any mere infOrmality in organizing this
corporation have the effect of rendering
this charter null and of exposing stock
holder to any liability beyond the amount
due on his stock.
ARTICLE IX-In order that this act
of incorporation may serve as the original
subscription list of said corporation, all
subscribers hereto have written Opposi'
their respective names the number Of
shares and the amount of stock sub
scribed for by each of them, as well as
their addresses. and the recordation of
this act shall be considered as the recor-
dation of the list of shareholders required
by law.
Thus done and passed at the City of
New Orleans. in the Parish of Orleans,
State Of Louisiana, on the day and in
the month and year first above written.
in the presence of W. W. Wright and
Isabella Rice, both OF lawful age and
residing in said Parish and State, COM
petent witnesses who have signed these
presents with the said appearers and me,
Notary, after due reading of the whole.
Witnesses: W. W. Wright, Isabella
Rice
(Signed) Jos. L. Swanson, 2310 Milan
Street. New Orleans. La, 10 shares; John
McGraw. 1929 Sycamore Street, New Or
leans, La, / share; Forres McGraw, 2i29
SOniat Street, New Orleans, La. Q shares.
JOHN ID. NIX, JR.,
Notary Public.
A true copy:
JOHN ID. NIX, JR..
Notary Public.
Jan. B. Feb, o. 1922