The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-18
CHARTER.
par in payment for property actually

par IN payment for property actually
received.
ARTICLE VI-This corporation shall
begin business and be a going concern
as soon as twelve thousand five hun.
ured dollars of stock shall have beer
subscribed for. Said capital stock NAV
se increased up TO the sum of twenty
I'VE thousand dollars i'm any manner
provided for by the laws of this state
ana whenever an increase of said capi-
tai stock shall have been authorized
Iiitlteh days written notice shall be
gwen TO each stakeholder within which
time the present stockholders in the
corporation shall have the right To
subscribe To the said increase of stock
IN proportion to the number of shares
OF STOCK held lay them, and which shares
small be paid for at such time and in
Such manner as the board of directors
may direct After the expiration of
tle SaIu subscription and payment. the
board OF directors may dispose of the
ShareS not taken for the benefit of the
corporation. in such manner as they
may think proper, at not less than par
Article VII-Al transfers of stock
snail b" made on the books of the cor
p"raton by surrrndering the certifi-
cat" thereof to the presiding officer
who shall write the word "canceIled''
prominently across the face thereof.
ana erase the presidents signature
ficatc.
ARTICLE VIII-At all elections by.
or meetings of. the stockholders. each
share shall be entitled to one vote. to
ne east either 10y the person in whose
name the stock appears on the books of
inns corporation at the time of the
voting, or by an attorney holding the
SAID stockholders written proxy.
ARTICLE IN-The business and cor
poratc affairs Of this corporation shall
he transacted by board of directors
Of not less than three directors nor
more than five directors. to be COM
posed of stockholders thereof. and they
and each of them shall be elected at
a meeting to be held for that purpose.
Any vacancies in the board of directors
50 elected shall be filled by the said
board of directors. Fred j. Allen, l..
W. Allen and +. y. Didalgo. all resi-
dents of the City of New Orleans. La
Shau constitute the first board of di-
rectorS. and shall hold office until the
third Monday i'm January. 1928. or I'M
I'll their successors are elected and
qualified, and each subsequent board
snail have their seats Immediately fol-
lowing the election, or as soon there
after as practicable. and shall hold
their office until their successors shall
have been elected and qualified The
directors hereinaboVc named shall elect
may at any time appoint the two addi-
tonaI directors provided for in this
charter to serve concurrently with the
other directors herein named. on the
third Monday in January. 1928. and
annually thereafter, an election for
directors by the stockholders shall he
held at the office of the corporation.
after fifteen days notice thereof shall
each stakeholder at his last known ad-
dress. Every board of directors shall,
at its first meeting after its election.
or as soon thereafter as practicable
elect from their own number a presi-
dent, vice-president and a treasurer
The board of directors shall also elect
a secretary who may, or may not. be
a member of the board. The office of
the secretary and treasurer may be
filled by one and the same person, at
the discretion of the board. 4 failure
to elect directors on the date above
specified shall not dissolve the cor
poration, but the then existing board
of directors shall continue in office
until their successors are elected. Fiji
teen days prior notice shall be given
in the manner hereinabove provided
plete notice to all stockholders of such
meeting. Any director shall have the
right to be represented at any meeting
Of the board of directors of this cor
poration by an attorney holding the di-
rectors written proxy. The majority
of the members of the said board of
directors shall constitute a quorum for
the transaction and management of all
business of said corporation. They
may make such bylaws. rules and
regulations as they think proper for
the transaction of the business and
affairs of said corporation.
ARTICLE X-This act of incorpora-
ton may be changed. modified or al
tered. or said corporation may be dis
solved with the assent of three-fOurthS
Of the amount of present or represented
at any general meeting of the stock
holders of said CORPORATION. convened
for that purpose, after previous notice
given in the manner hereinaboVe set
forth in Article IN. But any and all
meetings of stockholders, whether for
the purpose of liquidation or for any
purpose may be held at any time with
out notice by unanimous consent of
all stockholders filed in writing by the
secretary.
ARTICLE XI-No stockholders shall
ever be liable for the contracts or faults
IF this corporation in any further sum
than the unpaid balance due the com
Dany on the shares owned by or sub
scribed for by him; nor shall any in
formality in the organization have the
effect of rendering this charter null,
Or of exposing the stockholders to any
liability.
ARTICLE NII-Whenever this corpo-
ration is dissolved, either by limitation
Or from any other cause, its affairs
shall be liquidated under the superin-
tendency Of three StOckho ldcrS, TO he
chosen for that purpose by three
fourth in amount of the stockholders
present or represented at a general |
meeting OF stockholders at winch the |
election is held. Said commissioners
shall remain in office until the affairs F.!
Of said corporation shall have been |
'ully liquidated. In case of the death |
IF one of the commissioners, refusal |
Or inability to act, the remaining COM I
nissioners shall continue to act and /
shall elect another stakeholder in the /
place apd stead of the commissioner |
who has ceased to act
This said charter shah serve as the /
original subscription list, the sub |
;cribers hereto having set opposite I
heir respective names the number of /
shares of stock for which they have |
Thus done and signed in my office
n the city of New Orleans, on the day, |
month and year first above written, in .
he presence of G. j. EStopinal and :. /
T. Davilla, competent witnesses, resid- /
ng in this Parish, who hereunto sign /
heir names with the said appearerS
md me, notary after due reading of .
he whole.
(Signed):
Fred j. Allen, $50 shares; LANCE w.
hares; c. J. Estopinal, S. I. Davilla.
JOHN c. O'CONNOR,
Notary Public.
/, the undersigned Recorder of Mort
,ages. in and for the parish of Or
cans, State of Louisiana, do hereby
Gritty that the above and foregoing
Yet of Incorporation of the Fred J.
Allen Company, Inc, was this day,
July recorded in my office in Book
New Orleans May 2, 1922.
(Signed) ROB'T. SCOTT,
Deputy Recorder.
J. the undersigned Notary Public in