The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-02
CHARTER.

ticc Of annual meetings. well special
meetings of stockholders shall be given
by written notice mailed fifteen days in
| adyauC" of th" date of such meeting 10
/ each stakeholder appearing aS such on
the books of the company at his last
designated address. or at the General
Delivery. New Orleans. Louisiana. if he
has not designated an address. Each
shareholder shall Ice entitled TO one vote
for each share of stock standing IN his
name on the books Of the company Sald
! vote To hc east in person or 10y proxy. and
| u majority Of the votes east shall elect.
/ The board Of directors ,haH HAY" power
to hll all vacancies which may occur. a.
I in any manner arise or he created, 10y TIA"
/ board of directors. even though II" quorum
! remain at the time such vacancy or va
] canci"S are To- be filled. Failure {" elect
/ directors on the day above specified shall
/ not dissolve the corporation. hut tL' III
/ r"r'orS then in Office shall Remain ia II
/ tc" until their SucccSSurS are elected. The
/ board Of directors shall have power 4"
! make and establish, a. well aS alter and
! amend all bylaws. rules and regulations
necessary and proper for the support and
/ management of the affairs aud business Of
/ tn" corporation and not Inconsistent with
! it, charter The board shall have power
| without referring TO the stockholders to
| borrow money. execute mortgages. issue
| notes. pledges. bonds or other Ohliga-
/ ticuS, in such amouut' and an such terms
] ~ in their Judgment may be- advantageous
! aill StHtFdilN tU 40 all Things reason
! ably necessary for the proper carrying
/ on of tn" business Of the corporation. and
4 they are specially authorized to deliver
/ full paid shares of stock and bonds. 81
other obligations. to she company in pIv.
ment of properly acquired by said cor
/ poration AT such fair valuation ~ in their
| Judgment may be proper. y majority of
/ the directors shall conStitut" quorum
! for the transaction of business The hoard
| of directors shall have the power 10y a
! vote of not less than two-third> of all
directors to sell all or any part Of the
! property movable and immovahle he
! longing to the corporation. or to receive
in exchange therefor money or stocks or
/ bonds or other obligations Of another in
dividual firm or corporation, or any
character without referring to tn" share
holders for power to do So. At any meet
! ing Of the board Of directors. any director
absent from the meeting may be repre-
scented by any other director who may
cast the vote Of said absent director. ac-
c0rding to general or special written in
Structons of said absent director.
Until the annual meeting Of 1929 tn"
board If directors shall consist Of John
w. TSiillirS. post office address. 2I2l -
Charles Ave. New Orleans. La; Alice u.
LYONS. post office address. 1904 st.
Charles Ave. New Orleans. La: Theodore
II. Lyons. post office address. 1911 Louis
lana Ave- New Orleans. La: and | l..
I.vOns Jr.. most office address. 1892 First
st New Orleans. La. or the foregoing.
Z
Theodore II. Lyons. vice-prcsidcnt. and
l. l.. Lyons. Jr.. secretary treasurer.
ARTICLE vI-This act of INCORPORATION
may be changed. modified or amended. or
this CORPORATION NAV he dissolved in the
manner provided Nv law, by a vn'" Of two
thirds f the entire outstanding capital
stock present or represented ~ gen
cal meeting of the STOCKHOLDERS "hn-
v"urd for such purpose. after previous no
tire has been given in the manner above
nrOVided 10 he given Of the annual meet
ing 9" the corporation. The capital stock
nf ;he CornOration may be increased or
decreased by proceeding in accordance
with the laws of the State Of Louisiana.
ARTICLE Wifi this corporation shall
he dissolved either nv limitation. or for
any other cause. its affairs shall he liqui-
dated by three commissioners, to be ap-
nointad at 81 meeting of stockholders con
vened for the purpose of liquidation. and
to he elected nv vote Of two-thirdS or
the stockholders. Said liQuidatOrS shall
remain in office until the affairs of said
cOrDoration shall have been fully settled
and liduidatcd. and they shall have full
mower and authority to transfer and give
title to all the prOpertv and assets of the
cnrnoration, and to distribute the pro-
Goods In case Of death. disability. or
resignation. Of one more liquidatOrs.
the vacancy shall be filled by the sur
vivor or survivors.
ARTICLE VIII-No stakeholder shall
ever be held liable or RESPONSIBLE for the
tonIrHCtS or 1anUS or S1ln corporation III
any further sum than the unpaid balance
due on the shares of stock owned nv him
nor shall any mere informality in or
"aniZation have the effect Of rendering
this charter null or Of exposing any
stakeholder to anv liability beyond the
amount due on his stock.
ARTICLE IX-There is annexed hereto
an accurate. itemized and detailed des
criDtinn Of certain property situated in
thp ParShes OF Jackson. Ouachita. and
EaSt Ealiaiana in hn nf fSia
and Union County. Arkansas. which are
to he conveyed to the cOrnoration In paw
ment Of certain subscriptions for twenty
Thousand cocoon shares of its capital
stock. said memorandum showing the
amount. location. extent. character and
state of Improvement of said prODertv.
together with statement of the value Of
the said properties appraised nv the
directors Of this corporation. And in
order that this charter NAV serve as the
original subscription list. the subscribers
have indicated opposite their respective
SIGNATURES the number Of shares Of stock
subscribed for nv each of them.
Thus done and PASSED Mt NV Office In
the City Of New Orleans. La. on the day.
month and wear first hereinabOve written
I'm the presence of George Peroz and
Katherine Murdoch. competent witnesses.
who have signed their names hereto with
said appearers and me. notary. after due
reading of the whole.
Witnesses: Gaor~e Perez. X. Murdoch. |
ORIGINAL SIGNED
(Names of subscribers omitted.
WATTS X. LEVERICH.
(SeaD Notary Public |
Nov Dec