The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
CHARTER.

issued nv the CORPORATION shall be signed
by the President and counter signed V!
the Secretary. The stock OF TINS cor,
! poration can be transferred only on the
! hooks of the corporation ana SUBJECT 10
/ such regulations and forWalities as may
/ be by the Board of Directors from tlIie
to time prescribed. NO stockholder su nan
be permitted to sell or otherwise lis
pose of his stock without hrst Offering
the same in writing to the other stock'
holders through the Board OF Directors
at a price not exceeding tne o1oH Hi haHe
thereof and the stockholders snail nave
an option and first right 10 purchase
all shares of stock to be thus Glspo2eu
of by sale or by the death, reSlghatloh
or otherwise of any of the stockholuers
of the corporation. and shall have a Pc
riod of ten days in which to accept CT
decline such offer of stock. Shoulu the
Board of Directors or the StOckholucis
decline to purchase said STOCK theh tne
stakeholder or stockholders who maze
the ofler to sell or otherwise dispose OF
the stock may sell or otherwise ulHpost
of il in any manner ana at any pll.e
that he or they may see mt. but eac'
share of stock is issued under the con
dition and understanding that no STOCK
holder shall make sale or trahSI'i va
his stock in violation OF TINS PROV i"it,
and such sale or transfer, If made" shill
be void and this Company shall De uhucr
no obligation to list said stock on us
books or to regard the holder OF tHe
certificate thereof.
! LIE
of this corporation shall be vested ]"
and exercised by IA Board of Directors
composed of four stockholders, the ma
ioritv of whom shall constitute quorum
for the transaction OF business. III
Directors of this corporation may vote
} in person or by written proNy az any
/ of the meetings of the Board of Direc-
/ tors.
/ The first Board of Directors of this
! corporation shall be composed OF lne
: e. W.
/ Teel, j. G. Case, w. II. Smith-Naniz. WIN
/ Thomas Dabney Case as President anu
/ Wesley W. Tecl as Eice-Presldent and
/ Secretary, and J. &. Case as Treasurer
and they shall serve until the first Tues
day IN February, 1923. or until their sue
cessOrs are elected and qualified.
The Directors shall be elected annually
by the stockholders at a meeting helb
on the first Tuesday in February oil eacr
wear thereafter. Notice of such meet
ing 81 all be given eight days before me
date of such meeting, and shall be s-li'
TO each stakeholder at his last known
/ address.
Each stakeholder shall at such annual
meeting or other meeting, general or
special, he entitled, in person or by
proxy, to one vote for each share OF
stock owned by him.
The directors. when elected. shall hold
office for one year. or until their sue.
| ceSSors shall be elected and quallheh
and failure to hold the annual meeting
of stockholders, or to elect annually TIA
Directors. shall not operate the forfeiture
of this charter or any rights Hereunder
Any vacancy occurring in the Board
of Directors may be filled by the Board
of Directors for the unexpired term.
ARTICLE VII. This charter may be
changed modified. altered or amended
by and with the consent of two-thirds
of all the stock present at any meet
ing general or special, held for that FUR
] ha
material. subject to limitations as may
he by law provided: and this corporation
shall have the power to Increase or ce
crease its capital stock as hereinbefor'
set out.
ARTICLE VIII No stakeholder of this
corporation shall be liable or responsible
for any costs. contracts, debts or fault
of this corporation, or any or Its OfhcerS
nor shall any mere infOrmality in organ
izatiOn have the effect of rendering this
charter null and void, or of exposing
stakeholder to any liability beyond
the unpaid balance due on the stock helC
by him.
ARTICLE IN. In case of the dissolu
ton, liquidation or termination of thi
charter, by limitation or otherwise. thu
affairs of this corporation shall be liqui
dated by one or more liquidatOrs electes
by the stockholders, who may prOvid
the number of said liquidatOrs and yes
them with such authority as may by Law
be permitted, and fix the terms and con
ditiOns upon which they shall serve an,
, their compensation. and any other regu
lation which to them may seem proper
ARTICLE Y. The subscribers hereto
have written opposite their names tn
number of shares subscribed 20 by eacl
, OF them and their pOstoffce' address. 81
that this charter may serve as the sub
scription list of the corporation; all o
which subscriptions are payable in tn
; manner and form set out herein.
Thus done and passed at my offc
in the city of New Orleans, Louisiana
on the day, month and year first allow
written. in the presence of Paul Il. Chase
4, and Edwin T. Merrick. competent wit
nesses, who have hereunto signed thes
presents with the said appearers and me
= Notary, after due reading of the whole
! Original Signed)
Witnesses:
PAUL +. CHASER,
EDWIN 7. MERRICK.
HERMAN l.. BARNETT,
Notary Public.