The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-24
CHARTpo

.''''' generally ~
Tna ch h-rein eonfsyy,sl33 d.
'' contract, sue 1Oa shall h.
".I Corporate s sha be ~
ana alter at pls seal Tie -
ARTICLE ". ",
g." corporation The Can,
twenty-five Tbor.is hei..
...' and repra'opulsand NJ 8
Dr' jl.Iy shiares Of Of y N Is
'' ra.' Tor in c lars escs'S
,"'r"ratou, or ILa ,' subs, = II
l' D., or seryicssy pfoperty, =
. .'. ',jIFpgrratIon. S SS.Salg IS
"rsah.c. " July ~ p.
"a. capital Stool
70 one Hundred 'g Tl nay 4
may bee issued !, thoUsala 81
VIZ. ..a discretion Of II ii. diyidss.{
i'''ln'ls IT, The he" p0t Tie y.
n'y also reduce M boart a"iet
iW" 10 time fro v"e capita -
,. ,Tf', tg by calling { saIa; ;s
i ',-.,. oil ITS shares - N b..
''.'. iaIs from anon" Re 81.
ir.''drd IN such y n he ~
, ~ ' upon by the Boa l;i g s
~. SiuckhOlder sb.T U 3, /
".r. oispOs. of 'bis5 "aA Sci
i''tti"u withou, 40 sIoek /,
, ,.'s 'H writing 10 tba SS :. ,0iisS
'.+ VINO shall have "a, oa., ~
'' lar same. and wb,S Ssh a.,
sold To the highes, " tiSia sto4
-J''aAulders tan 10 o'ulef n
,., privileges within @l a;ls
'.ne. the said stocE A SAD ).
'''' SOL" 10 any other r ne, :
ARTICLE V. An pe'Si
i .....,..I OF this corpora d, y.
este" IN ana cxerr pOI4uos 1
10 .e composed OF b l,Ssa g
stockholders, bur tb no' less L,
changed from finn .S hGrss
. Ncued. meeting
In case Of any vaea,or
t"IsuIp through GeStS .! II u
qualification or ~. IeSigl4.s
naming directors. BY by "a aus
vote oil a majority of e III !
i'II.ctvrS, may elect We u.
hold office for the M, sle,s
81 I'll. Ine term Of the directotD rug q },
S,''a be vacant, and uni, mi va "a
oil q successor. Anv AH ", Z;
l''lrye elected or snnc O,..s.'
board of Directors nv
/ III any time BY vote Y "a
ol the whole of the s,oc.s w I,
Inc Board Of Director,sa -. %
discretion, by affirmstiys. ny
majority of the entire Ros.,' A
tors appoint from The B 80, 2
t"I9 an executive commi, ..
Tess IMAM three, Of which ~
snail constitute a ouornv ~ y,
committee may have on - -
I powers as may be eonfs,-.s, 'S
Dy the stockholders q
The board shall elect f,,-
Der a president, one az ~. y
presidents, and a secrs,s,r Nv
uicr OF the Corporation ~,
TWO offices may be eonsi,.I
person, and may be filsS T.
director or a nOn-stoekhods,
Any director unahIs -
10 act or be present at a NJ
give his PROXY TO any Other -
act IN his place ana stead
The Board Of Directors ,.,-
and at all times exercise =.
corporate power (when rstiS5
majority OF the stOckholderI
Iig the power 10 lease hi -
or convey any part Of hs ~
plant of the corporation. or \. \
property upon which n 4 ~
either IN whole or in part. "a -
the assets of the Corporate !
whole, and TO merge the M !,
alton with any other en,,,-,
directly or indirectly; and IA :
IN payment OF any such as n
mortgage, transfer or merger 4,
PAID certificates Of stock Of An !
corporation, and TO distribute ~
paid certificates Of stock 10 d, r.
holders Of this corporation IN d, 4
portion OF their holdings herst !
time Of the consummatiOn q :
transaction; TO issue shares q n
up 20 the amount 10 which unts
charter, the stock may Be Az
provided the total proposed hu1
shall be read at one meeting N
over for action at the next rz,
of the Board Of Directors bsla 4
adopted, and on such action N !
stock shall be first Offered 10 D .
listing stockholders in the prupWtzI
their several holdings viii .,
days privilege to pay for ts q
before any stock is Offered for al
subscription to other persons
The board is given the agiA1gl
fix salaries and to change Ii 4
at pleasure.
The Board Of Directors 81
elected Immediately after The uE1
of this charter, without nous q 4
Formally. The board thus elects :
serve for one year, or until u ]
Monday of September, 1874 and y
after, or until its successor 4 70
and qualified.
At the expiration Of the iM
office herein fixed for the tirS .
the Board of Directors shall y ~
at a meeting Of the stockhon
be held in the city Of New Y.
annually on the first MONDAY "a
TENDER in each year, at WHO J.
ing any matter Of interest TO y
poratiOn may be discussed aha :
mined as a matter OF course VI
previous notice. -,
ARTICLE VI. The eleeuss
Board of Directors, as the oIna
of stockholders, shall Dc a.,a.
by a vote OF the majority o. " !.
present and represented, elIAa ~
son or by proxy, at sueh -
unless otherwise required Dy w
teen DAYS notice OF all neeulp
stockholders shall be givea u III
The notice shall be sent y y !
known postoffice address 81 Y ~. 4
holder, and the stockholcef ~ ~
cord his postoffice address y. ~ !
secretary Of the company IN W. ~ .
of his failure TO do 50, . " \.
dressed to the stocknolasl ~ 4
leans. Louisiana, and deposlf. -,
postoffice at New 0fleanA =. :,
viii be a sufficient notice 70 VI"
holder aforesaid. ..,..lar
ARTICLE VII. No stoc sIa.si1.
ever be held liable or lesp ~. =
the contracts or faults Oh ~ Al
alton in any further sum u. .s =
paid balance due the eOIp.i Is
Shares OF stock owned " |, n
shall any mere informalE 40
zotion have the effect Of ls a..,I,r
charter null, or OF suOl'Ss 80.
stakeholder to any liaoiii!
unpaid balance due by hi IN, 4 j
ARTICLE Will TINS a. .s0lI,ss
noration may be change, = ART
aitered or the capital siocA &c, -
or decreased in the m asss,irs az
by law, at a general IN mss, sti,s !
for that purpos, aitei ..rrs11
notice mailed by the q y
trea surer or the secretslh, y
above set forth, or deliver"
in person. uxsrsyer ~
p tion on Il from any ct ~ !, q y
affairs shall be liqglds,, sc,, :" be 3
R misslpseq at a general Or s !.'S D
ing of the stockh 1oa Nv the &C.
days written notlee .sScrstsrJ, ~,
and treasurer or tne nv he ~
set forth, or delivery ala corrss
xrenns the cdie lsr