The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-21
CHARTER.

compensation and terms of employ
ment, as well as name and appoint
agents and employees as in its discre-
ton may seem fit and proper, as well
as to fix the salaries and terms of
employment of the officers, employees
and clerks and assistants.
ARTICLE VIII-The board of direc-
tors is specially vested with the power
TO acquire and purchase such property
or business, or good will, or all of these
from individuals, firms or other corpo-
rations. as said board of directors may
deem advisable and proper, and at such
price and on such terms as they may
deem best, and to pay therefor in the
capital stock of this corporation or
oil ,erwise.
ARTICLE IX-No stockholder shall
ever be held liable or responsible for
the contracts, faults, or debts of this
corporation, nor shall any mere in
formality in its organization. have the
effect of rendering this charter null, or
OF exposing its stockholders TO any
liability beyond the unpaid balance due
on the stock owned b- them.
ARTICLE X-The names and post
office addresses of the subscribers to
these articles Of incorporation and the
number OF shares Of stock subscribed
Richards, Jr.. twelve G2) shares; a.
Glorioso. one Cd share; A. St Ray
mond. twelve Q2) shares.
ARTICLE Mail stockholders meet
| ings, for the election of directors, as
above stated. shall be held after fiji.
teen days written notice mailed TO each
stakeholder. Other stockholders meet
ingS may be held when ordered by the
| board of directors, or when requested
/ by at least twenty-five esq per cent.
of the outstanding stock. Notice of all
stockholders meetings, other than adj
| journed meetings shall he in the man
| ner prescribed for stockholders meet
| ings for the election of directors, un-
l.
nous consent.
ARTICLE NII-This charter may be
amended altered or changed. at a
! special meeting Of the stockholders
called for that purpose-notice of
/ which is to be given in accordance with
| the provisions of this charter.-by the
vote of two-thirds of all the capital
stock.
| ARTICLE XIII-This charter may be
! dissolved by the vote of two-thirds of
all its outstanding stock. and upon
! complying with the requirements of
Section % of Act 267 of the Louisiana
| Legislature for the year 1914 and in the
! event of such dissolution, two liquida-
| tors shall be named and appointed with
all the necessary powers and authority
1 all in the manner and as provided by
| said legislative act.
| ARTICLE NIV-Whereas, the sub
scriptions of Albert St Raymond and
". = Richards, Jr, up to the sum of
fourteen hundred Csl,40O.OO) dollars
for capital stock in this corporation con-
| sists in property to be transferred &c
| this corporation. in accordance with
| the provisions of Section of Act 26I
| of 1914, there is now annexed to these
articles of incorporation. and TO be read
| in connection herewith, an accurate
detailed and itemiZed description of such
property, as to amount, location, extent
character and state of Improvement, to-
| gether with statement of its value as
appraised by the directors of this cor
poration, the same as If set forth in
full in this charter.
| Thus done and passed in my office
| on the day and date first above writ
ten, in the presence of Messrs Arthur
| ]. Ryan and Leon Soils Calm, botf
competent witnesses, domiciliated II
this city, who signed these presents
together with the parties, and me. no
tary, after a due reading of the whole
the parties hereto affiXing opposite
their respective names their respec
tive subscriptions to the capital stool
of this corporation which shall consti
tute the original subscription list o.
stock subscribed in this corporation.
Witnesses: /. Arthur ]. Ryan;
Leon s. Calm.
ORIGINAL SIGNED)
A. St Raymond, IL shares: A. Glori
oso, l share: w. J. Richards, Jr. i
shares.
(SeaD WIN. F. CONKERTON,
}, Notary Public
I A true copy:
t (SeaD WIN. F. CONKERTON,
| Notary Public
Aug. l7-Sept. 81.