The herald., 1922-08-03
cHARr,s

tue person An. Qltera. y
agent or represen,,ssning NJ :
BOARD in giving tS se 70 h.
winch value shall value ~
Saiis eb the m last last annual sl
IN, ,h last monthly ,, =, The esn'
me date Of such uiai b,,ss
thuS found and s., nOuee m
'ute the bOOk-valus' tasseiishst n,
,d If within twenty.," J, ''lt I'd
notice to the ow5s, 0It hon
sentative, does moi 8, bis ,ss,%
establishing the ION VIII =
: stock, the board are P %ss o. !.
ing the delay clay. to tx Il. I ,,'.
sald for that purpo.. rlal 6,s
declared to be copcITs,s hics =.
against all parties i've syidss /
premises, whether ~ n interss
widow, i Eeirs act oct 9th. Of The w..
BOARD OF directors o.,'sntath,
S,it IN default Of NJ lt =,
sara person or persons ne esNe
Upon the recein, =,
me, OF any sharehoIdss,e e OLE
STOCK. and upon obtsirI,, 70 pls,
factory to said board gU,ns
o. the board OF AZ. lof tie -
give notice to the owlc's K,s
e esara'ldi Of the periaS ,s
Certiheates REPRESENTA- q. ssrs
pay the price or ysina sud -
t.e same to be transs.ne fea N
Of the corporation 'ef'ed u \
~ The preference ma.
purchase. heretofOre vpuo. NJ :
sraph ~ in the Otbs, ' .H
exist in full force ana seafeas6,
TO acquire the shs,ss eject b ~
ceased stockholder ana " st'ct
d ma course Of prOcedur. =.
uitlons, stipulations ass NE Ia
ABOVE established In ss; Is ceah
apply in all respects ' ~ p,ns,
DE followed In case q, NE pnss
upon receipt Of infornrss,s,.aa Ia,
OF any shareholder n sS.n q d
Oh the board Of direc,,oa.si b
necessary steps to be t.a D u
ana enforce these proyi saso % .
(3l The preference oss
ol purchase. hereinaboys' s...s. Y
run IN favor Of each .saisass
Tor his yirile share in nads
existing holdings in IN. p.Ope'ta
any ~ shareholder fail to ers,.,.s
IN this regard, his risbt ,', -,
ana be absorbed by n. nal
holders, provided that u. Me
widow, heirs or legal ,s ss we
the case may be, shall ny. ,sseilo.
c csnSe said stock unless d. n ~. y
chase the same shan inrI NJ sa,h
the entirety Of the orsri,s' s
graph ul, or all Of n. -, me-
Paragraph (2). ' A'alih
a. Al! certificates Of ,,o.. . !.
a Drief reference to the i'm, a
'aoilshed in the favor Of he 49,, -
ARTICLE v-All the eo,,...A
OF this corporation and N. p'ae
and control Of its Affairs n.y. ss
power to sell, transfer. pIsas.
OF all or any part Of ths 49,
corporation. shall be vested n
ercised by a board OF dIrss,. =
or three stockholders, a nsicri, ;
shall constitute a quorum n, n
action OF all business. IN, Si,..
De elected annually By Inc s..,s
at a meeting to be held an n. ~
day after the first SUNDAY ~ :.
in the month OF January. sH
be preceded by three days vr,,-
to the stockholders. Each 49,,
snail be entitled, In person a, l.
to vote for every share os.s \
and all elections shall be hsls ~
rules and regulations AZ ma, u
mined by the board Of director \
rectors. when elected, shan e.,s,,
Office for one year, and until A.
cessors have been duly eieetS ~
qualified. No failure to elect AZ }
ate the forfeiture Of this ch,rr }
vacancy occurring on this bosrt 4
filled by the remaining direction 4
unexpired term. The board n A.
shall, at its first meeting sits 3
ton, select cot Of Its number, -
and one or more vice presidertx X >
also elect a secretary treanrs, w
not. however, be a member Of b,
The president shall have the nfit
point and dismiss the cIerkS III
employees Of said eorpefstioa q 4
IRE. and as the interest and huknsI
the same may demand. He MAJ a
this authority by PROXY. AN Il
being sick or absent or about b Z
himself shall have the right b m
by written instrument. aneth9 II
or stakeholder to act % bic pnr d
stead at any and all meetingS Il h I
board Of directors during hh II
The first board Of directors ii1 4
shall be composed Of the following
persons. who shall serve until b 4
to be held in 1923, namely: Chs
Burthe. president, New 0rlesli =
b. Sirera, vice-president, Su %
La: c. J. Everett, secretary, "
leans, La.
| ARTICLE vI-The funds d u
poration shall be deposited I'm d
time in a bank or bank to BE- slsax
the board Of directors. All chem
or other instruments drawn, a'1s|
issued, in the coporation's nsns =
half, shall be signed By the psae
the vice-president, and ne -
treasurer. No officer shall nm "
indorse the name Of the cofpefiA
strictly In its concern.
ARTICLE vino stockholds ~
held liable or responsible In -
faults or debts Of the eofpsin-
shall any mere informally u
zation have the effect Of fenos4
charter null. or Of exposing w r
holder to liability beyond ne ~ y
ance due on the shares ownsa y
ARTICLE vIII-Thls act q ~
ton may be changed, moaa
tered, or this corporafion ny
solved. with the consent d ~
holders owning two-thirds o. -
OF this corporation, at q esosI. n
convened for that PURPOSE ~. 49, Z
least three days written a. b
meeting shall have ben ,'sssx
mail, addressed to each 1870
his last known place o. .a'.,5u
case of dissolution By me ~ 4. {
This charter, or otherwise 4
holders shall elect q hquidale.. (, ~ m
their own number. wno :. a
authority to settle ana VIM sa.ssu
ness and affairs of the es -
terms and conditions Of, sns Il q
sation for such services snsA A.
the time Of election Id u.rIs1ss
or disability Of said ua",s,tjs &
liauidator before the hgtss -
affairs Of the corporan0s, ss,,lrL
to I'LL the vacancy may "
the stockholders. "a Al ustks
, do AN oroyided for By tbs - -
, be waived by the un s.a.stsr, W
the stockholders or ai
pressly prohibited by i.s, nd -.
ARTICLE X-The nans n ki
! addresses of the subscriber, y
a Az, stocS of this eorporsu,A NJ y
number of shares suoscf'''' :.
them. are as follows; f,rlsrs :
Charles A. Burthe, New obs
shares: w. B .sirera, s w., orss
/ share; c. J. Everett W.
: l share. ..sed. 10 ~
office. at the City 81 ~ r. H
) Argote. competent hi diJ - ~