The herald., 1922-01-05
CHARTER.

composed al three go sf9rkhoIdrr. -
OF whom shall own iu his own rt.,tf i,
IN ms term OF "hI,,. al least one IN
, iuI pad share of -tOcn. an of .,h,.a
snail constitute a quorum for the -.
action of business ans
The officers of this cnrp.r,rf,,, .t.,,
consist Of President. .Pr,,i,I,.ut .'I,
Secretary and Treasurer. all of VII
. ShaH DE- members of the Board of Dir.
tors. lie Offices .. Secretary and Tr.a,
same person. tue
The following named persons shall .-.
stitute the first Board of Directors ..
wit: 10
william J. Nlichon. 30 y. Pierce :,
New Orleans, la. ~
Theodore Paul Fossi-r. S83l Nelson :,
New Orleans, La 80
Charles y. LaIrruere. 1870 Cam, :,
New Orleans, La d.
all residents of the City of Ney orI..,,..
at the addresses above stated with Mi
nan, nam J. Nlch"h as President and General
manager Theodore Paul TuSSier Vir.
President, and Charles 4. Latrrriers ~,
secretary Treasurer, and these officer.
ana directors snail hold office uutil tb,.
iirSt Monday Of January. 1922 or until
thelr successors are duly elected and
qualified. "N"
Thereafter the directors shall he .I..,.,
annually on the first Monday of lamar,
"I each year and they shall elect thair
own officers; AL elections of directors
Shail be by ballot and each stockLoIJ,r
shall be entitled to one y,t. for ,I
snare OF stock standing in his name an
the books of this corporation mis- ,ot.
10 De east in person or 10y written ur,y,.
and 1t shall require majority af m,
stock present or represented 10 aI.rt
rue directors snail have the right to in
crease their number To five Ia
Failure Ia hold uu ,.I..,i..,
tors on the first Monday of Janunry
W., or annually thereafter shall unt
work forfeiture of this charter Lut
the old Board of Directors shall r,m.,in
in office until their Successors nr. d,,i"
elected and qualified ''
ARTICLE G.--The Board of pir.ctors
snail hold regular meetings AT Snrh
times rs shall be fixed in The. by-I,v,S
OF thls corporation. but the pr.sidnnt
may call special meetings of tb. Rn,rd
OF directors at such times as he may
ueem advisable and he shall be REQUIRED
TO call such special meetings at The 20.
quest OF member of the Board of hi
rectOrs. Vi III
Three days written notice of srcb
special meeting shall be given Ia th,
directors, unless Il waiver of such motto.
Is signed by the Directors ANY y,,,n,,,
occurring in the BOARD of Directors
either from death. resignation. or inahn
lty 10 serve, shall be filled by tho ra.
naming directors at its next mrrtiny
after such vacancy shall have occurrad
Inc flrst Board of Directors of this cor.
poratiCn shall be required 10 draft snit
able bylaws for the government Of tbis
corporation, which may be altered. amen.
ded or changed as the exigencjes of tba
case may require VI the
ARTICLE NII.-The stock of this cor-
poration may be transferred. nrovided
sn trainers shall be recorded in the
DOCKS OF this corporation before it shall
be required to recognize the transfer ar
the new holder of the stock
ARTICLE VlII-The appearers barahy
deciare that they have subscribed 70 tho
Following number of shares of the conitaI
stoCh OF This corporation. to-Wit:
G. "iIiIahl D. Michon, No. 30 n. Pierce
shares "ihe N1s)
Theodore Paul Fossier, No 1921 Nelson
d.; New orleans, La. One On share
charles ~. Laterriere No 1920 Camn
NJ; New orleans. La, Fifty (5O) shares.
J. Nichon and Charles A. Laterriere
which together total the sum of Nina
Thousand Nine Hundred Dollars $50 9OOl
Dr. ninety nine 800 shares. or Five Thon,
sand Dollars ($5,0OoOO), or Fifty CJM
~ 10 Charles \. Laterriere. and For
orty-nine (i9) shares TO William i Mi
non, which shall be fully paid for and
settled by them by the transfer of all tha
property and effects. including the good
VIZ now owned and belonging to the
commercial cO-partnership known "a
'Michon 4 Laterriere." composed of VIII
lam j. Michon and Charles A. Laterriere
IN accurate detailed and itemized STATE
heht and description of said property
'elhg hereto annexed to be read In con-
,i1 S,, herewith, and the said property
vas duly appraised by the Board of Dire.
ors OF this corporation at the sum OF
NM, Nj Thousand, Nine Hundred Dollars
S9SOo.OO). The remainder of said sub.
criptions shall be paid for in cash.
-, In the event that any stakeholder de-
ires 10 sell his stock or any part or nor
ION thereof, he shall first offer same 70
he remaining stockholders. in nronoro
ION 10 their respective holdings at its
'ook value This offer is to be made Ia
ppear by letter addressed ia each stock
,oider ut his last known address. giving
'hiai aa!s oploh. At the expiration OF
Vhlch time. the stakeholder desiring 70
dispose OF his stock. shall be at liberty
sell at whatever price and TO whom
e may please. ""o"'
AKIlCLE IX.-This charter NAV he
nodihed or altered, the capitaI STOCK
hereof Increased or decreased, or the
orporatlon may be dissolved with. the
ssent OF two-thirds of the capital stock
resent or represented at any sneciaI
leetlhg or the stockholders held for that
urpose, AFTER prior notice in writing To
ach stOckholder, mailed to him ot his
asst known postoffice address, all In ac-
ordance with the terms of Act 267 of
914 ' -'' VI
ARTICLE X.-At the expiration of this
harter' or the earlier dissolution of this
orpofatlOn for any cause, its affairs shall
e hquldated by one % or more liauI-
ators TO be elected by the Stockholders
II or whom shall hold stock in this cor.
oratlon. and said liquidators are hereby
ested with full power and authority 10
I!uldate the affairs of said CORPORATION.
itn iulI power to act under the terms
Section 30 OF Act 2G7 of 1914
mus done and passed at my office In
ne city Of New Orleans Louisiana on
ne day, month and year hereinabove
irst written, i'm the presence OF Richard
!. Mcbride and Edmee Fortier. compe.
tht witnesses, who hereuntO sign their
ames' together with the said appearers
M me- notary, and the said appearers
ave also set opposite their names the
umDer OF shares subscribed by them,
ii after due reading of the whole.
tORlGINALLY SIGNED:
william j. MichOn. 40 shares; Theo-
ore Paul Fossier, j share; Chas. A. La
erriere. so shares.
witnesses: (Signed) Richard II. Nc
ride and Edmee FOrtier.
TRUE COPY
MlCHON & LATERRIERE
Assets and Liabilities.
80 ." ""hk '...................S Z53.Sb
ew cars on hand Schedule A.. 4l45.50
sed cars on hand (Schedule Al. 100000
otes receivable (mortgage):
NJ M