The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-11
CHARTER.

subscribe To said increase of stock IN
proportion To the number OF ShdrSS OF
stock held by them and "nlch Sh1r Is
shall be paid for at such time ana IN
Such manner as the board OF directors
NAV direct. After the expiration OF lhe
said time for subscriptions ana pay
ment, the board OF directors Hl9E
nose of the shares not taken, Tor the
benefit of the corporation, in Such man
ner as they may think proper AT not
less than par.
ARTICLE Vino stakeholder shall
soil or otherwise dispose of any share
~ shares of the capital stock of this
corDoratiOn until ten days prior notice
of such intent To do 50 shall nave bteh
given in writing to the corporation
during which time any one or more
of the Stockholders shall have the
privilege of purchasing SAID stock 50
offered at the actual value, based upon
the books of the corporation
All transfers of stock shall be made
on the books of the corporation by SUI
rendering the certificate thereof 10 the
/ nrpSiding officer, VINO snail write IN
word cancelled prominently across
/ the face thereof and erase the prcSl-
dents signature thereirom before -
| suing a new certificate.
ARTIJ'LE VIII-At all elections or
nv meetings of the stockholders each
share shall be entitled To one vote 10
be cast either by the person IN whose
name the stock appears on the BOOKS
D
/ ing or by an attorney holdlhS SaIu
/ stockholders written proxy.
/ ARTICLE IN-The business and cor
porate affairs of this corporation ShdIi
/ be transacted by board OF directors
| of not less than three directors, nor
I more than five directors, to be com
| nosed of stockholders thereof and they
/ and each of them shall he elected al
| a meeting to be held for that purpose
! Any vacancies in the board of direc-
4 L. Lodi F4A
/ board of directors. Leonora r. liad-
| den. 1914 St. Mary Street, New Orleans,
! La: Sidney G. Ford, 46Il Venus street
/ New Orleans, La; Louis a. Pomponeau
/ 1871 Venus Street, New Orleans, La.
! VIM. Mel. FaysSouX, l4OS Peters Ave
nue., New Orleans, La, shall constitute
the first board OF directors ahc
| shall hold office until the lrS'
! constitute the first board of directors
! and shall hold office until the first
/ Monday after the second Tuesday IN
January. 1928, or until their successors
/ are elected and qualified, and eacf
/ subsequent board shall have thelI
seats Immediately following their cleo
ton, or as soon thereafter as practl.
cable and shall hold their office until
| their successors shall have been elect
inabOve named shall elect their OWL
. officers.
The officers elected and designated
TO serve until the first Monday after
| the second Tuesday in January 1873
/ or until their successors shall be elect
ed are as follows: Leonora +. Hadden
1914 ST. Mary Street, New Orleans, La.
president; Louis \. Pomponeau, 46fl
Venus Street. New Orleans, La, vice
| president; Sidney G. Ford. 1871 Venus
| Street, New Orleans, La, treasurer.
On the first Monday after the second
! Tuesday in January 1928 and annually
| thereafter, an election of directors, by
. the stockholders shall be held at th'
/ ~ Ton, ne
days notice thereof shall have beer
given by publication in one of the daily
papers in this city, by three publlca
tons thereof during said time, the frs
to be made fifteen days prior to sale
| meeting. Every board of director!
shall. at it's first meeting after its cleo
ton, or as soon thereafter as practl
cable. elect from their own number
president. vice-president and a treas
urer. The board of directors shall alst
elect a secretary, who may or not be ;
member of the board. The office o
the secretary and treasurer may b'
filled by one and the same person at th'
discretion of the board.
A failure to elect directors on tn
date above specified shall not dissolve
the corporation, but the then existing
board of directors shall continue in of
flee until their successors are elected
Fifteen days prior notice shall be giveI
in the manner hereinabove provided
which notice shall be full and complet,
ing.
Any director shall have the right {,
be represented at any meeting of tn
board of directors of this corporation
by an attorney holding said director
written proxy.
The majority of the members of sal,
. board of directors shall constitute
quorum for the transaction and man
. agement of all business of said cor
poration. They may make such by
10 nd tbaV m
think proper for the transaction of tn
business and affairs of said corpora
ton, and change, alter and amend sam
at pleasure, appoint and fix salaries o
all officers. clerks and employees. tn
same to change and dismiss at pleas
ure. fix salaries for officers provide
, for herein; sell, convey, mortgage
pledge, lease and purchase property
movable, immovable and personal, Dor
, row money, issue notes and bonds, lem
money, make contracts and sign an
, cause to he signed all necessary acts
deeds, etc. to take judicial proceeding
in the name and on behalf of this cor
poration, and to do all things whic
: may be necessary to be done in tn
management of said business and ma
be permitted by laws applying to cor
+ porations and declare dividends.
ARTICLE X-This act of incorpora
= ton may be changed modified or a.
; tered or said corporation may be dis
I solved with the assent of two-third
VI lHt VI SlOCh pIcScHl VI ic
presented at any general meeting o
= the stockholders of said corporation
= convened for that purpose, after pre-
vious notice given in the manner here
: inabove set forth in Article IN. Blu
any and all meetings of stakeholder:
, whether for purpose of liquidation o
for any other purpose, may be held a
5 any time without notice, by unanimou
= consent of all stockholders in writin
2 filed with the secretary.
, ARTICLE NI-The president. or act
e ing president may in his discretio
e and shall upon the written request o
2 one stakeholder, call special meetin
5 ARTICLE XII-No stakeholder sha
contracts or faults of this corporatio
, in any further sum than the unpai
D balance due to the company on tn
5 shares owned by or subscribed for b
e him; nor shall any informally in tn
q organization have the effect of render
ing this charter null or of exposin
, the stockholders to any liability.
: ARTICLE XIII-Whenever this col
: poration is dissolved either by liquida
= ton or from any other cause, its al
, fairs shall be liquidated under the su
perintendency of three stockholders, [
j be chosen for that purpose by two
e thirds in the amount of the stockholc
S ers present and represented at ger
h eral meeting of the stakeholder
e at which the election is held. Sal
r commissioners shall remain in offiC
e until the affairs of said corporatio
n shall have been fully liquidated.