The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-14

CHARTER.

management of the business and AFFAIRS or
this corporation. and said board or dlrec-
tors which is hereby clothed with all or
the corporate powers OF this corporation.
shall have full power and authority 10
borrow money and to execute mortgages
and pledges and create liens; TO issue
bonds, notes and other obligations: anu "
secure same by mortgage andLorpleuGe OF
otherwise and generally to DO any anu
all things reasonable, convenient or neceS-
sary for the proper conduct of the bus1-
ness and affairs of this corporation anu.
in its discretion, the board OF directors
NAV create and select an executive com
mittee 10 be composed of not less thah
three 90 of It's own members, 10 "hlcn
committee the board OF directors may
grant all or any of its powers TO De eN
erCised during the interim between h'e'-
ings of the board of directors ltsen.
A director of this corporation shall not
be disqualified by his office from dealing
or contrasting with the corporation either
as a vendor, purchaser or otherWlse nor
shall any transaction or contract OF inns
cornoration he void or voidable by reason
OF the fact that any director or any hrH
OF which any director is member, or an!
CORPORATION of which any director Is
shareholder or director, is in any way IN
terested in such transaction or contract
provided that such transaction or con
tract is or shall be authorized. ratlhed OF
approved either "a by vote or maJorlt!
of a quorum of the board of directors or
q
ing in such majority or quorum any Ill
rector SO interested or members OF hrH
so interested or shareholder OF ulI'ctoI
OF a corporation so interested, or W pE
vote of a stockholders meeting OF tle
holders OF record of majority OF an the
outstanding shares of common STOCK oI
the corporation or by writing or Writings
signed by majority of such holders nor
shall any diectOr be liable to account TO
the corporation for any prOntS reallZeu
by and from or through any such trans
action, or contract of this corporation au-
thorized, ratified or approved as afort
said by reason of the fact that he or any
firm Of which he is a member. or any
CORPORATION of which he is a shareholder
or director, was interested in such trans
action or contract.
ARTICLE yI-This act of incorporation
NAV be modified changed, altered or
amended or the capital stock of this cor
poration may be increased or decreased.
or this corporation may be dissolved WIN
the assent of two-thirds (2/3) of the out
standing common stock of this corpora
ton expressed. given and obtained at
general meeting of such stockholders con
vened for such purposes, or any OF them;
after previous notice of such meeting snail
have been given to each common stock
holder by notice addressed to him at his
last known place of residence. and de
posted in the mails of the United states
at least fifteen 90 days previous TO the
date of said meeting, unless other notice
scribed by law. in which event, notice
shall be given in conformity with law.
Whenever this corporation may be dis
solved. either by limitation or from any
any other cause. its affairs shall be hqui-
dated by three 81 commissioners to be
elected by the holders of the common
stock at a meeting convened for said pur-
pose as above provided and after due no
tce; a majority of said stock represented
at such meeting shall be requisite for
oil n Snph ii
commissioners shall remain in office until
the affairs of this corporation shall have
been fully lquidated. In case of the death
or resignation of any one or more of said
commissioners the vacancy or vacancies
shall be filled by the survivors or survi-
vOr. In the event of any disagreement
among said commissioners, the action of
the majority shall prevail and he binding.
ever be held liable for the contracts or
faults or defaults of this corporation in
any further sum than the unpaid balance,
II any. due the corporation on the shares
of stock owned by him; nor shall any
mere formality in organization have the
effect of rendering this charter null. or of
exposing a stakeholder to any liability
beyond the unpaid amount remaining due
on his said stock.
ARTICLE VIII-The following shall
constitute the first board of directors OF
this corporation: a. l.. Kempster \. +.
McCOard. II. \. Ferrandou. Raoul Sere.
Jr., Maurice II. Rooney. Said board of
directors shall hold office until the third
Tuesday in January, 1923. or until their
successors shall have been duly elected
and qualified.
The subscribers to the capital stock of
this corporation and their respective ad
dresses are: A. l.. Kempster, 421 Baronne
Street, New CLEANS, La; A. Il. McCoard.
42l BarOnne Street, New Orleans, La; ii.
\. FerandOu, 421 Baronne Street, New Or
leans, La; Raoul Sere, Jr., Hibernia
Building. New Orleans. La: Maurice H.
Rooney, Hibernia Building, New Orleans,
La.
The subscribers hereto have written
opposite their respective names the num-
Der Of shares of capital stock in this cor
poration SUBSCRIBED for by each of them.
as the original subscription list of this
corporation.
Thus done and passed in my Office. in
the City of New Orleans, on the day,
month and year first above written. in the
presence of Messrs. Justin V. Wolf, and
Ludwig c. Mulling. competent witnesses.
who have hereunto signed their names,
together with said appearers and me. no
tary, after due reading of the whole.
(ORIGIANL SIGNED)
4. L. Kempster, preferred stock. twenty
five shares. S2,5O000: \. L. Kempster,
common stock. twenty -One shares, So
10000; A. Il. McCOard, one share. $4,000:
II. a. FerrandOu, one share. $4,000; Raoul
Sere, Jr, one share, $4,000; VI. II. Rooney.
one share, $4,000.
Witnesses: Justin V. Wolf, Ludwig c.
Mulling.
ORIGINAL SIGNED)
STAMPS FARRAR,
(SeaD Notary Public.
1. 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 incorpora-
was this day duly recorded in my office
ton Of New Orleans Public Service, Inc,
in Book 1879, folio -.
New Orleans, August IS, 1922.
(Signed) ROBT. SCOTT,
Deputy Recorder.
i. the undersigned notary public. do
hereby certify that the above and forego-
ing is true and correct copy of the char
ter OF New Orleans Public Service Inc
passed befoe me August IS. 1922. with the
certificate Of the Recorder of Mortgages
attached thereto of record and on lille in
my Office.
New Orleans, La, August 10. 1922
STAMPS FARRAR,
(SeaD Notary puhIic
Aug. 2fSept. %.