The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER.

and In the absence of any commissioner
the president shall have the power to fill
the place by appointment OF all such
elections as well as of all meetings of
stockholders, except for the purpose of
liquidation or dissolution or as otherwise
required by law, fifteen days notice shall
be given by mailing to each stakeholder
who appears as such on the books of this
corporation at his last designated ad-
dress, or care of general delivery at New
Orleans IL he has not designated an ad-
dress, a notice stating the time and place
of the meeting. Each shareholder shall
be entitled to one vote for each share of
stock standing in his name on the books
OF this corporation, to be east in person
or by proxy. and majority of the votes
east shall elect. Failure to elect direc.
tors on the day above specified shall not
dissolve this corporation, but the direc-
tors then in office shall remain in office
until their succs ssUrs are elected and
qualified Due LvtiCe of another election
shall forthwith be given as above pro-
vided for, and such notices of election
shall be continued to be given until an
election is had.
ARTICLE VII.-At its first meeting.
each board of directors shall elect from
its membership a president. a vice-presi-
dent, and secretary treasurer. and shall.
from time to time ii sees fit appoint
or employ such other employees as it shall
deem necessary. The board of directors
fix the salaries of all officers and of all
such other employees as IL may deem nsc-
essary, and to make and establish, as well
as TO alter and amend all bylaws. rules
and regulations necessary and proper for
the conduct and anagement of the bust
ness and affairs of this corporation not
Inconsistent with this charter; il shall
also have full power and authority to do
all acts and things. reasonably necessary
for 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
some 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 may be
advantageous; il shall also have full
power and authority to Issue and deliver
full 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
by proxy shall constitute a 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
SUCCESSORS are erected ana lnStdlleu. Ine
board of directors of this corporation shall
be composed Of: William ID. Naples,
whose post office address is Oklahoma
City, Oklahoma: William 7. Naples. whose
post office address is Altus Oklahoma :;
and Joseph F. Simpson. Thomas III. Ken
dali and Irving X. Saal. the post office
addresses of all of whom are New Or
leans. La, with William ID. Naples as
President. William T. Naples as Vice
President, and Joseph F. 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 may be
dissolved and the liquidation of its af-
fairs required by the affirmative vote of
forty nine (49) per cent. of the outstand-
ing capital stock at 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 Q2O)
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
| exposing a 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
| the presence Of Joseph Z. Hart and Chloe
| Gallmann, 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. T. Naples. per W. ID
Naples, Altus, Oklahoma; / share; j. Il
! simpson. New Orleans, La, sos shares
T. II. Kendall. per J. F. Simpson, New
| Orleans, La, share; Irving X. Saal, New
| Orleans, La. 1 share.
Witnesses: Joseph e. Hart Chloe Gall
mann.
r. II. SAAL.
Notary Public
/ I, the undersigned Recorder Of Mort
cages, in and for the Parish of Orleans
State Of Louisiana. do hereby certify thai
the above and foregoing Act of Incorpora
ton of the w. ID. Naples, Co, Inc, wa,
/ this day recorded in my office in Bool
-' ' ROBERT SCOTT.
Deputy Recorder
New Orleans. Jan. 9th, 1922.
true and correct copy of the original
y New Orleans, La, January 18th. ls22
i r. II. SAAL.
Jan. 19-Feb. %. Notary Public