The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-06
CHARTER or PEER1
fANl MS On

city of Nov lana Parish =,
on this f ;lsT S Griea n, Be I it q q
and T% ,u V ne Thousand N S,a The j..
OF the United States o cl the Ind.th
Hundred and Forty. =, .Aameries' ~
'"rhruu> Nm. PunaLI IAN Ba,,~
, uui\ commissioned anh nOtsrr
Tor the Parish Of Orinaua qualiteS rs 4
ana. in the presenca State 4,
Sona.IT r5m NAMED a and unde srs W.
NhoS" names are hereprFed tie
ui full axe, who decIaHS SubserBsTSsS
themselves of the nrori'1' that \,
ut TINS state relative >, eiohs Of ~
hd'' 'oNenanted and ayrso pofati0n,
presents covenant and ~, and bt
themselves, as well as s,oksree sht =
as may hereafter become Other D,
thtH TO form and aassOciatst !,
ll"h ana body polite in Iane a Cor
poses ana objects and ma, iof hs
'Iohs ana articles followine the 81. {
AK l'LE The mama - O-wh
non snail be the Peerless " on SIs eoS,,
| Incorporated. vi Cor,s.a
ARTICLE 1.-THE obioo,.
for which this cornopS,iS and pVr..
and the nature of the b nS;Ih Ofa,S
| ried on by it are declsrod to b. Is
and operate the business >, ~ Dc
,r,,Ir INSTITUTION Of petroleum
EreaS"s and oils of EYER aug, keiOsa,
enter into and execute Cont tpuOt;
kind pertaining TO said hnsiss Of Hss
sell. lease, mortgage. DleJaa 70 IN
or assign, or improve resiT n!potAsr,
mixed property corporal n, peisonal
in connection with said hnsin.m eofpVas
orally To do all things thar ms ana Q.
Sary or incidental to the obiac.!l De nsa I
poses above expressed. sAd %
ARTICLE III.The capital sto..
corporation shall be Ten ThOpss,SS y
lars tSiU.oV0;W), divided into spS "
sthted by Two Hundred C2ON ,S,.'s
lhe par Naiue OF Fifty Dollars re-
will. 'Pe'V OF "
The corporation shall commsn,.
business as soon as Five Thopssss,o F
lars tS1,OOOOO) capital stock shan "
been subscribed and fifty Der csn,. ~
said amount shall have been aetpsns Z
for as aforesaid. "
Any stakeholder may sell, s,.,,.
transfer his stock in this co,a. N
provided thirty days notice Of sO.s
tentiOn to sell, assign or trspsss,
same be given the cOrporstion a.
other stockholders shall have ~. y
privilege of purchasing same AT no, -. 10y
after which thirty days notice "A.
stock may be sold in open market ~
ARTICLE IV-The domicile n, s,a -.
poration shall be in the city Of New ~
leans, State of Louisiana.
The president. or in his abssOo, a.
vice-president shall be the proper p.r,s
upon whom citation or other legal nm.
shall be served.
This corporation unless sooner A,
solved shall exist and continue "a, 4.
period of ninety nine years from ~
after the date hereof.
ARTICLE YAH corporate powers ,b,1
be vested in Board Of Directors eos.
posed of three stockholders. The Bo,t
Of Directors may fill vacancies in IN,
however caused, by electing irr
among the stockholders.
The first Board of Directors shall eo,.
,ist of Charles A. Emling, L. ]. hisls
md George 1. Langhoff, whose post Oiho
addresses are 9l2 Tchoupitoulas st, Eu
orleans, La.
Said board shall continue In Office vut
md thereafter, annually, a Board Of d.
-ectors shall be elected on the hn
thursday of July of each year, unless d.
anne shall be legal holiday when h.
lection shall be held on the next la
Iay thereafter.
The said board is further authorize
o frame and adopt such bylaws, nla
nd regulations as the affairs Of the COZ.
'Oration may require, and as II MAJ
eem necessary for the conducting and
thereof.
ARTICLE VI-This charter may h
mended and the capital stock OF tn
orporation may be increased or DE-
reased, or the corporation may be d.
Owed in the manner and method pre
iued by law.
ARTICLE Vino stakeholder shall
yer be held liable or responsible for Ia,
Dntracts or faults OF TINS corporation
ny further sum than the unpaid DaisDe
n the stock for which he has subseriDa
Or snail any mere informally IN ofsAl
alton have the effect Of rendering nn
larter null or exposing a stockholdef
ny liability than above provided.
ARTICLE Vlll-W neneyer this COPPER
ion shall be dissolved, whether py Anf
Ition or from any other cause, NE a.
IRIS thereof shall be iQuidated py ufr
D stockholders to be elected and quih,
sd III the manner provided by law. AN
ey shall continue IN office until the a.
IRIS of this corporation shall nave pc.
lily iquidated. In case Of the DEAN
he of the liquidators, or bis reiassi