The herald., 1922-02-16
CHARTER.

and In the absence of any commissione,
the president shall have the power TO iii
the place by appointment. OF all suct
eiectlons as well as of all meetings OF
s.n,irs, except for the purpose OF
liquluatlon or dissolution or as otherwis.
required by law, fifteen days notice shall
he given by mailing to each stockhoIder
VINO appears as such on the books of this
corporation at his last designated ad-
dress, or care of general delivery nj Nayv
Orleans IL he has not designated an I'D.
dress, notice stating the time and pIace
OF the meeting. Each shareholder shall
De entitled to one vote for each share of
stock standing IN his name on the hooks
OF inns corporation, to be cast in person
or by proxy, and majority of the votes
cast shall elect. Failure to elect dire.
tors on the day above specified shall not
ulssoive this corporation, but the direc-
tors then IN office shall remain in office
until their succ ssurs are elected and
quallfied. Due Lvtice of another election
shall forthwith be given as above pro-
vlded for. and such notices of election
snau De continued to be given until an
election is had.
ARTICLE VII.-At its first meeting
each board of directors shall elect from
us membership president. a yice-presi-
uent, and a secretary-treasurer and shall
from time TO time as 1t sees fit, appoint
or employ such other employees as il shall
deem necessary. The board of directors
snail nave full power and authority to
fix the salaries of all officers and of all
such other employees as il may deem nee
essary, and to make and establish, as well
as 10 alter and amend all bylaws, rules
ana regulations necessary and Droper for
the conduct and management of the bust
ness and affairs of this corporation not
inconsistent with this charter; it shall
also have full power and authority TO do
all acts and things reasonably necessary
Tor the proper carrying on of the bust
ness of this corporation. and to carry
out the objects and purposes for which
this corporation is organized including
the brrowing OF money necessary for the
ordinary business operations of this cor
poration. and through the president or
soma other duly authorized person or
persons to execute and issue therefor notes
or other obligations OF this corporation
on such terms as in its Judgment NAV be
advantageous; il shall also have full
power and authority to issue and deliver
ruiz paid shares of stock OF this CORPORA
ton for money. labor, services, property
or rights actually received by this cor
poration, and to nil all vacancies that may
occur in its membership. A majority of
the directors present either in person or
Dy proxy snail constitute quorum for the
transaction of any business. and at. any
meeting of the board any director absent
therefrom may be represented by proxy.
ARTICLE VIII.-Until the first annual
election for directors to be held under
this charter. or until their duly qualified
board of directors Of this corporation shall
be composed of: William ID. Naples,
whose post office address is Oklahoma
City, Oklahoma; William Il. Naples, whose
post office address is Altus, Oklahoma:
and Joseph +. Simpson. Thomas H. Ken
dali and Irving Il. Saal, the post office
addresses of all of whom are New Or
leans. La, with William ID. Naples as
President. William Il. Naples as Vice
President, and Joseph +. Simpson as Sec
rotary Treasurer.
ARTICLE IX.-This charter may be
amended and the capital stock of this
corporation may be increased or decreased
In the method and manner provided by
law as now or hereafter in force.
ARTICLE X-This corporation NAV be
dissolved and the liquidation of its az
fairs required by the affirmative vote of
forty nine (fs) per cent of the outstand-
ing capital stock at a meeting specially
called for that purpose, but, except by
the unamous consent of all outstanding
stock, the period fixed for the liquidation
Of this corporations affairs shall not be
less than one hundred and twenty (120)
days from the date the liquidators are
appointed.
ARTICLE XI.-No stakeholder of this
corporation shall ever be held liable or
responsible for the contracts or faults
Of this corporation in any further sum
than the unpaid balance on the stock for
which he has subscribed, nor shall any
mere informality in organization have the
Effect of rendering this charter null or of
stakeholder to any liability
other than as above provided.
Thus done and passed in my office at
the City of New Orleans, La, on the day. |
month and year first above written. in
he presence Of Joseph f. Hart and Chloe
iallmann, competent witnesses, who here
unto sign their names with said ap-
bearers and me, Notary, after due read
ing Of the whole.
Original Signed)
w. ID. Naples. Oklahoma City. Oklahoma
$50 shares; W. 7. Naples. per W. ID. |
Naples, Altus. Oklahoma: 1 share; J. f.
simpson, New Orleans, La. sos shares
I. ii. Kendall. per ]. F. Simpson, New
Orleans, La, 1 share; Irving II. Saal, New
Orleans, La, l share.
Witnesses: Joseph Z. Hart, Chloe Gall
mann.
r. H. SAAL.
Notary Public. |
I. the undersigned Recorder of Mort |
cages, in and for the Parish of Orleans, |
state OF Louisiana. do hereby certify that |
he above and foregoing Act Of Incorpora-
ion of the w. u. Naples, Co., Inc, was
his day recorded in my office in Book |
263 Folio 52S
ROBERT SCOTT.
Deputy Recorder.
New Orleans, Jan. 9th, 1922
A true and correct copy Of the original: |
New Orleans, La. January 18th. 1922 |
X. Fl. SAAL,
Jan. 19-Feb. %. Notary Public.