The herald., 1922-03-09
CHARTER.

corporation Snali De vested IN ana eAer-
ciSed by board of directors, to be elected
annually on the first Monday of February
| of each year and majority of whom
| shall constitute a quorum for the trans
action of business. and majority OF
! votes cast shall decide all questions; all
| such elections shall be conducted at the
/ office of this corporation under the su-
| peryision of three commissioners to be
| appointed by the president. Notice of
/ such election and Of all other meetings of
| stockholders whatsoever, unless waived
/ in writing, shall be given personally or
/ by depOSiting in the United States Post
ohice in New Orleans, at least fifteen
/ days before such meeting. a notice of the
holding thereof. enclosed in a postpaid
wrapper. addressed 10 each stakeholder
| AT the last address furnished TO this cor
J poratlOn by said stockholders, and in the
event that no address be furnished then
address General Delivery. New Orleans
At least two days before said meeting a
complete list of the stockholders entitled
| l" vote shall he open to inspection by the
stockholders at the place of said meeting
! NJ said election, and at all other meetings
| OF stockholders, the voting shall be by
| ballot, and each stakeholder shall be en-
/ Titled TO one vote for each share of stock
standing in his name on the books of the
company, 10 be case in person or by
proxy.
Fifty per centum Of the outstanding
capital stock of this corporation shall
constitute a quorum at any and all meet
AhSS loI Nut iTduSdtIlOu or any ana AL
business, except as otherwise provided by
| law. The majority of stock voted shall
decide all questions. except as otherwise
provided by law or this charter.
Vacancies occurring in the board Of di-
rectOrs, because of death, resignation or
otherwise. shall be filled by the remaining
! members of the board by selection from
the other stockholders.
The failure to hold an annual election
or TO elect directors as above provided
shall not dissolve the corporation, but the
directors and Officers then in office shall
cause an election to be held as soon as
possible thereafter, notice of which shall
be given as above provided for the hold
ing of the annual meeting of stock
holders, pending which election the then
directors and officers shall remain as such
until their successors have been duly elect
ed and shall have qualified.
The board of directors shall within
thirty days of each annual election, elect
from their own number a president and
yice-president. and shall also elect sec
rotary and treasurer and shall have power
10 combine the Offices or secretary and
treasurer in one person.
The board of directors shall have the
power of delegating all or any of it's
power in the transaction of the business
or this corporation to a committee or COM
mittees of its own body or to officers and
agents of this corporation, and the board
of directors may appoint from time to
time such officers, . managers, clerks,
| agents or employees as they may deem
necessary or proper for the conduct of
the business of this corporation, and such
officers, managers, clerks agents and en-
ployes shall hold office only at the pleas
ure of the board.
Any and all directors shall hold office
at the pleasure of the stockholders, who
may at any general meeting held for that
purpose on notice as above provided for
the holding of the annual meeting of stock
holders, declare such dircetorships vacant
and elect their successors, and il shall be
the duty of the president or secretary to
cal a meeting for that purpose at the re-
quest in writing of ten per centum of the
capital stock of this corporation then out
standing.
The board of directors shall have power
to adopt bylaws for the government of
this corporation and alter, amend and
abolish the same at its pleasure at any
general or special meeting of the board
and no previous notice of any intention to
alter. amend or abolish the bylaws shall
be required.
The first board of directors shall be COM
posed of W. l.. O'Daniel, l.. T. Tucker and
X. +. Clark, of New Orleans La. who
shall hold their Offices and exercise their
functions until the annual election to be
held on the first Monday of February,
1923. or until their successors are duly
elected and qualified subject to the con-
ditions hereinabove provided.
ARTICLE VI-This act of incorporation
may be modified, added to or changed
or said corporation may be dissolved in
the manner provide by law of the State OF
Louisiana at the time such action is taken
ana whenever this corporation is dis
solved. either by limitation or otherwise
its affairs shall be liquidated by three
liquidating commissioners to be elected
at general meeting of the stockholders
called for the purpose of voting on the
question of liquidation, or thereafter and
IN case OF the death or resignation Of any
OF the said commissioners, the surviving
or remaining commissioner or commits
sioners shall continue to act. and in case
OF death or resignation of all of them,
three or more commissioners shall be
elected by the stockholders to complete
the liquidation.
rectors shall be held in New Orleans, at
the office Of the company, or If IL has no
ONCE, at some other accessible place of
business, and any and all notices provided
by law or this charter to be given to
stockholders or to directors may be
waived by the unanimous consent of the
stockholders or the directors respectively,
except as otherwise provided by the laws
OF the State Of Louisiana.
ARTICLE Vino stakeholder shall
ever be held liable or responsible for the
contracts or faults of this corporation in
any further sum than the unpaid balance
due the company on the shares of stock
subscribed for by him. nor shall any in
Il
poration have the effect of rendering this
charter null, or of exposing any stock
holders to any inability beyond such I'M
paid balance due on said stock.
In order that this charter may also
serve as the original subscription list re-
quired by law, the subscribers to this act
OF incorporation have also written oppo-
site to their respective names their re-
spective addresses and the amount Of capt.
tai stock of this corporation subscribed
for by each Of them.
Thus done and passed in my notarial
office in the City of New Orleans, Parish
and State aforesaid, on the day and in
the month and year first above written,
In the presence Of II. G. Price and Louis
G Guidry, competent witnesses, who here
unto sign their names with the said ap-
bearers and me, notary, after due reading
Of the whole.
Witnesses: H. G. Price, Louis c.
Guidry.
(ORIGINAL SIGNED):
w. L. ODanier. New Orleans, La, 24s
shares; r. E. Clark, New Orleans, La, ID
share; l.. T. Tucker, New Orleans, La, M
share.
HENRY P. DART, JR,
Notary Public.
/. Henry p. Dart, Jr., do hereby certify
that the above and foregoing is a true and
correct copy Of the Act Of Incorporation
of United States Bonded Warehouse Co.,
Inc, passed before me.
HENRY p. DART, JR.
Notary Public.
STATE OF LOUISIANA,