The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER.

bonus of - per cent in addition to all
dividends that is due or accruing thereto
at the time of redemption.
ARTICLE N-AIl OF the corporate pow
ers OF said corporation and the control
and management of its business, shall. be
vested ana exercised by a board of direc-
tors, composed OF Z stockholders, and 3 of
whom shall constitute quorum for bust
ness. The directors shall be elected an
nually by ballot by the stockholders at
the office of the corporation on the third
Monday in January of each year. The
first election to take place in January 1873.
Until the election is held on the third
Monday of January 1923, the following
stockholders shall constitute the board OF
directors of this corporation, viz. George
III. Booth, president and treasurer; Arm
strong donaldson, yice-president; George
II. Booth, secretary. Each stakeholder
shall be entitled in person. or by proxy.
to one vote on every share of stock owned
by him, and such election shall be held by
three commissioners of election appointed
by the board of directors for said pur-
| poses. The directors thus elected shall
continue in Office for one year. or until
their successors are elected or appointed.
ARTICLE Nl-ThiS act of Incorporation
may be changed, modified or altered, and
said corporation may be dissolved with
me assent OF three-quarterS of the stock
represented at general meeting of the
stockholders, convened for such purpose
after at least 10 days written notice of
such meeting shall have been given by
mail to the place Of business or residence
cation in one of the daily newspapers of
! the City of New Orleans.
! ARTICLE NII-No stakeholder shall be
| held liable or responsible for the con
4 tracts, faults or debts of said corpora
! ton, nor shall any mere infOrmalty in its
! organization have the effect of rendering
| its charter null, or exposing any stock
/ holder to any liability beyond the unpaid
balance due on the shares owned by him.
! ARTICLE NIII-This corporation shall
be authorized to begin operation under
! this charter as soon as 30 shares of stock
! is subscribed and paid for.
! Thus done and passed in the City of
! New Orleans on the day and date first
| above mentioned, in the presence of Lith-
petent witnesses of lawful age. residents
| of this city, who hereuntO sign their
J names with said appearers and me no
| tary.
Signatures of Common Stockholders.
! ORIGINAL SIGNED)
I George ii. Booth. New Orleans. La, II
shares, $l,J00.O0; Esther Booth, New Or
leans, La. 10 shares, Sl,500OO; Edwin IL.
Booth. New Orleans, La, II shares. 81,
/ 10000; Reginald G. Yates, New Orleans,
La, shares, $4,000: George ID. Booth.
ton f. Booth, New Orleans, La, : shares,
$4,000; Armstrong Donaldson, New Or
leans. La. ) shares. $4,000: Joseph +.
Ebert. New Orleans, La, 3 shares. $4,000.
GABRIEL FERNANDEZ. JR..
(SeaD Notary Public.
/. the undersigned Recorder of Mort
\ cages, in and for the parish of Orleans,
State of Louisiana, do hereby certify that
the above and foregoing act of incorpcra-
| ton of the Marion Pelican Hosiery Mills.
| Inc, was this day duly recorded in my
| office, in Book 1919 folio -.
| New Orleans, November 2lst, 1922.
| (Signed) R0BT. SCOTT,
| by. Recorder of Mortgages.
| A true copy of the original:
GABRIEL FERNANDEZ, JR.
| (SeaD Notary Public.
| Nov 30-Jan l.