The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-30
CHARTER.

:
preserved or otherwise. and all 1000 anu
other preparations without limit as 10
amount; to make and enter INTO all man
ner and kinds of contracts, agreements
and obligations by or Win any
or persons corporation or corporations
for the purchasing, acquiring manulac
turing selling and marketing Oh any
articles or personal property Oh any hiu
or nature whatsoever. ana generaly WIN
full power to perform any ana all acts
connected herewith, or arising therefrOm,
or incidental thereto, and all acts proper
or necessary for the purposes OF the Dus-
mess And for the purpose or carrying
on the business aforesaid 10 Duy' sen
and convey property, both real ana per
sonal as the same shall be necessary
and generally to do all things that may
be necessary to the conducting Oh saiu
business. To apply for, purchase or
otherwise acquire, ana 10 hoid, own, u.s.,
| operate sell, assign. license or otherwise
| dispose of any and all inventions, I'M
| provements and processes used In con
| nectiOn with or secured unuer hetteis
Patent Of the United States or any other
| country: to grant licenses, shop rights,
territorial rights and any other rights
In respect thereof; TO apply Tor pur-
| chase or otherwise acquire. ana 10 own:
use sell. assign or otherwise dispose Oh
any and all trade marks. trade names,
! copyrights or other proprietary rights
of any kind, and to assign. sell transfer
or grant licenses in respect thereto.
To acquire by purchase, lease or other.
wise and undertake all or any part OF
the business, rights. property. assets
good will and liabilities of any person
firm, association or corporation; anu ,,;S
pay for the same in cash, stock OF TINS
corporation bonds or otherwise, ana 10
carry on any business concern or unuer-
taking so acquired. except the business
Of bar king and insurance In all OF tneir
several forms. and homestead. buiidlhg
and loan associations. and excepting also
such business as is transacted by ran
road, telegraph and telephone companies
To hold receive. have, purchase, I'M
prove ALLEVIATE convey, sell Dorro",
pledge. mortgage and hypothecate under
its said corporate name, property rear
personal and mixed, without limit as TO
kind or amount.
To issue bonds debentures or obfiga-
lions of the company from time to time
for any Of the objects or purposes OF
: the company, and to secure the sahe
nv mortgage, pledge. deed OF trust or
I otherwise. To purchase. hold and re-
E issue the shares Of its capital stock In
D the manner and to the extent permitted
: by the laws Of the State OF Louisiana.
To hold. purchase or otherwise ac-
: ouire: to sell, assign, transfer, mortgage
or otherwise dispose OF shares OF the
r capital stock and bonds and debentures
Z or evidences of Indebtedness OF any cor
d poration, domestic or foreign; TO issue
= in exchange therefor its own stock, bona,
u or other obligations. and to exercise al
Q the rights, privileges and powers OF
u holders Of shares of stocks or securities
thereof, including the right to vote OF
!, said stocks and to receive ana distriout'
d as profits the dividends and interest OF
y such stocks as securities.
. To lend its funds and make advance
', to any affiliated company, partnership
v person or association. upon the securit!
l. of their or his undertaking, property o
estate assets and effects, or any par
N thereof. upon such terms as the Boar
a of Directors may deem expedient.
N To conduct and transact business Il
IF all of the states. territories, colonies
n, dependencies of the United states, an
s. any and all foreign countries; to hay
e, one or more offices therein, and therel
ee to hold, purchase, mortgage anu con'e
% real and personal property without iiml
s, as to amount, but always subject to locs
"A laws
" The foregoing clauses shall be- cor
10 strued both as objects and powers. an
s. Ii Is hereby expressly provided that tn
Sc foregoing enumeration OF specihc power
m, shall not be held to limit or restrict
be any manner the powers of the corpol
tie alton.
And TO this end to make and use col
H. pOrate seal and the same to break an
at alter at pleasure; to name ana appon
no such officers, directors. agents or en-
VI DlOyppS the interest OT NohNcmNh'
ed NAV require; to make and establish o.
10 laws rules and regulations Tor u
De proper management and regulation OF l
i he affairs as may be due. necessary al
=, | proper. and the same to alter ana chan,
at pleasure; and to do all other acts ar
:, things permitted by law or as shall al
an may be necessary and proper to carr
ne ne out the objects and purposes OF said co
90 poration. -.
| in fhn M
nv Orleans, Parish of Orleans, State of Lo
X. ARTICLE ". The capital stock
IN this corporation is hereby declared
be 5000. which may be Increased
Ian $4,000 Said capital stock is dtvid
70. into fifty shares Of the par value Of u
act each. to be paid for as the law provid
M. or sooner, at the discretion of the Boa
re- of Directors. which said stock shall
nj. paid for in cash. or the same may
ed issued at not less than par in payne
or exchange for property rights actua
10, received or purchased by said corpoI
ish ton in accordance with law.
in Power of this corporation spali
en-. vested in and exercised by Board
uis three directors, consisting Of the Pre-
re- Pdent Vice President. and the Secrets
APP and Treasurer; two members OF s,
ing Board shall constitute a quorum for
transaction of business and other de
c. sions shall be valid corporate acts. ]
following persons shall constitute
first Board of Directors: Noel Ar
mo strong, A whitehall Street. New 70
n. Y; c. Vincent Armstrong, "A Viii
TX hall Street New York. n. Y; fJohn
w Russ Orme Building, New Orleans,
with Noel Armstrong as President. J6
lie D. Russ as vice-President. and {. v
cent Armstrong as Secretary and Ire
20, urer. This Board of Directors and o
ny oaSS GERS shall continue in force until the tn
.;nu Thursday in the month Of January II
70 on which date and annually thereai
their successors shall be elected uni
/. the same be a holiday when the elect
bic. shall be held on the next legal day thu
after.
Notice Of such election shall be 81
to each registered stakeholder In W
'ity, ing addressed to said stakeholder at
l.. last known Post Office address as
cling same shall appear upon the books OF
hey corporation at least fifteen days pre-
OF ing each election and the Board Of Di
90, tors shall appoint one or more ste
cIes holders to preside at such election
c esa commissioners. In the event Of the
; .ion ure Of any commissioner or conn
70 sioners to attend. the president shall,
r. appointment. fill the vacancy.
Any failure. for any cause whate
M. to elect directors on the date named
that purpose shall not dissolve the
R. poratiOn, but the directors then In OF
bic. as well as the officers Of said Comps
shall hold office until their success
hn