The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-09
CHARTER.

t;nue in office for one year, and until
their successors have been duly elected,
! aud have qualified. 20 failure to elect
shall operate the forfeiture of this char
| ter. Any vacancy occurring on this
| board shall be filled by the remaining di-
rcctOrs for the uneXpired term. The board
| of directors shall, at its first meeting
after its election, select out of its mum
/ Der, president and one or more vice
presidents. and shall also elect a secre
| arytreasurer. who need not, however, be
| member of the board. The president
| shall have the right to appoint and dis
| miss the clerks, and other employees of
| said corporation at pleasure, and as the
| interest and business Of the same may de
mand. He may exercise this authority by
proxy. Any director being sick alb
sent or about TO absent himself shall
! have the right to appoint by written in
| Strument. another director or stakeholder
| TO act as his proxy in his stead at any and
| all meetings of the said board of direc
tors during his absence. The first board
| of directors and officers shall be composed
| of the following named persons. who
shall serve until the election to he held
in 1923, namely: T. j. Cunningham,
| dent; \. q. Frederick, secretary treasurer.
ARTICLE VI-The funds of this corpo-
ration shall he deposited from time TO
| time in Il bank or banks to be selected by
the board of directors. All checks. notes.
or other instruments drawn, executed or
issued, in the corporations name and be
half, shall be signed by the president or
the vice-preSident. and the secretary
treasurer. No officer shall thus sign or in
dorSc the name of the corporation save
strictly in its concern.
ARTICLE Vino stakeholder shall be
held liable or responsible for contracts.
faults or debts of the corporation, nor
shall any mere informality in its organi-
zatiOn have the effect of rendering this
charter null. of exposing any stock
holder to liability beyond the unpaid bal
ance due on the. shares owned by him.
ARTICLE VIfI-This act of incorpora-
ton may be changed, modified, or altered.
or this corporation may be dissolved.
with the consent of the stockholders own
ing twO-thirds Of all the stock of this cor
poratton, at general meeting convened
for that purpose, and after at least three
days written notice of this meeting shall
have been given through mail addressed
to each stakeholder at his last known
place of residence. In case of disSOlu
tion by the expiration of this charter. or
otherwise, the stockholders shall elect
liduidatOr from among their own num-
Der, who shall have full authority to set
! tie and wind up the business and affairs
of the company. The terms and cOndi
lions Of and the compensation for such
services, shall be fixed at the time of
election. In case of the death dis
ability of said commissioner or liquidatOr
before the liquidation of the affairs of the
corporation, the successor to fill the va
cancy may be appointed by the stock
holders
ARTICLE lX-Any and all notices and
delays provided for by this charter may
be waived by the unanimous consent of
the stockholders or directors unless eX-
pressly prohibited by law.
ARTICLE X-The names and pOstOffice
addresses of the subscribers to the CAPT
tai stock of this corporation, and the
number of shares subscribed by each of
them, are follows: Il. 4. Cunningham,
New Orleans. 9S shares; George West
feldt, New Orleans, La, 1 share; n. o.
Frederick. New Orleans, La, 1 share.
Thus done and passed, in my notaral
office, at the City of New Orleans. afore-
said, in the presence of /. X. Riddle and
G. NJ Willink, competent witnesses, of
lawful age and residing in this city, who
hereunto subscribe their names. together
with said parties and me, notary, on the
day and date set forth in the caption
hereof.
Witnesses: /. II. Riddle, G.. NJ. Willink.
ORIGINAL SIGNED)
T. +. Cunningham, George Westfeldt.
y. o. Frederick, l share.
Seal HENRY Z. DART, Jr.,
Notary Public.
/ certify that the foregoing charter of
Delta StevedOring Company, Inc, dated
August LIST. 1922, is a true and correct
copy of the original Oh file in my notarial
archives.
1922
SeaD HENRY z. DART. Jr.,
Notary Public.
Nov g-Dec II