The herald., 1922-11-16
CHARTER.

may provide that such officers may no
be members of the board of directors
and they shall fix the salaries of the of
! fcers, agents and employees. At an.
meeting Of the boar Of directors, any
director absent from the meeting may b.
represented by another director who ma,
| cast the votes of the absent director ac
cording to the written instructions, eithe
general or special. of said absent direc
| tors. The board Of directors shall
have authority to make and establish
as well as alter, and amend, all by
laws. rules and regulations necessary
and proper for the support and manage
ment of the business and affairs of this
corporation and not inconsistent with
this charter; and they shall have power
to authorize the borrowing of money and
the issuance of notes and the execution OF
pledges and mortgages. and generally to
do all things necessary or convenient for
the proper carrying on Of the business OF
the corporation. ntil the general meet
ing of the stockholders for election of the
directors. to be held in 1923, or until duly
qualified successors are elected and quail
fled. the board of directors shall be com
posed of the following: Frank Il. Hayne,
address, New Orleans, La; X. ii. Down
man. address, New Orleans La; John
II. Bernhard. address. New Orleans. La. /:
Paul +. Jahncke. address New Orleans,
La: Hugh f. Vincent, address. New Or
leans La, provided that the board above
named and any succeeding board may
choose additional directors within the to-
tai numerical limit of the board whenever
such total limit shall have been filled by
the directors. OF the foregoing directors
John III. Bernhard shall be president
Frank b. Hayne, vice-president; Paul r
Jahncke. treasurer and Hugh f. Vincent.
secretary.
ARTICLE VJII-This charter or act of
may be changed. modified
altered or amended by and with the con
sent OF twO-thirds of all the stock present
meeting fol L,I.l
Tor that purpose; and such amendments
may be material or immaterial subject
only to limitations as may be by law
and this corporation shall have
ne power 10 Increase or decrease it's cant
Ial stock as hereinbefore set out, and any
increase in capital stock in excess of the
amount named herein as the amount To
which 1t may be increased may be made
stock NH OUTSTANDING
ARTICLE IX-NOtice Of any and all
meetings referred to in this charter or
required by law, shall be given in the
manner provided for giving notice in case
u eiecuons; unless the same shall have
been waived.
ARTICLE Kin case of dissolution.
lquidation or termination Of this charter
,! limitation or otherwise the affairs OF
ne corporation shall be liauidated nv ono
'r more liquidators elected by the STOCK. |
ia n Mno may provide the number of
anu nquldators, and vest them with
uch power and authority as NAV he nv
Nv De permitted, fix the terms and CON
Iltiohs upon which they shall serve. and |
nedr compensation. and provide that in |
as OF death or disability of any one of /
anu Iauldators, the remaining liGuidators
Ia! M the vacancy or continue To act on
'ehaf of the corporation.
ARTICLE XI-No stockholder shall ha
.aDie or responsible for any costs CON
= ~ ueDts or faults of the corporation.
ERE lntormality in organization have ths
neet OF rendering this charter mil md
U,u' y, OF exposing any stockholders 70
ny -! naDlnty beyond the unpaid balance
U" on the stock held by him.
ARTICLE XII-The subscribers boro,o
ave written opposite their names tbe
uhoer or shares subscribed nv eacb 90
ie.i' ana their post office addresses e.
.a;,. inns charter may serve as the sub.
bicb sphs S, oi the corporation; all OF
mn SUBSCRIPTIONS are payable in tho
INNER and form set out herein.
mus done and passed at nv oaioo In
'e III! OF New Orleans Bouisian. on
= day and In the month and wear berein
lane 'S W"n written; in the presence of ]. 5
tent Witpess ana Ralph ]; Schwarz com /
s - their names with the said appeararS /,
hole me- notary after reading Of the h
Witnesses; J. Blanc Monroe, Ralph J !
ORIGINAL SIGNEDl
!, rnh o u. Hayne. 1855 shares. Frank r 4
me, 50 shares. New Orleans. Ia. p
bowman, 81 shares. II. III. Downman m
ns snares ., New Orleans. La; Hugh s. n
ares Nov, snares. Hugh Z. Vincent. II y
rd, 90 shares, New Orleans, La. PanI e
,s oanhcke, per Walter +. Jahncke Nav II
: reans; La; 30 shares; Paul +. Jahncts
sbaras II. Jahncke, New Orleans, La. .
1 cord N. o. B. 1913, folio $50 d
WILLIAM J. GUSTE. Ii
w 1f Doo n, Notary Public a