The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-03
CHARTER.

3. Immediately, or as soon as practi-
cable after each annual election, the di-
rectors shall elect from their own mum.
Der, the president and the ce-president
and shall also elect the secretary treas
urer.
4. The names and post office addresses
of the first board Of directors are as fol
lows: Bishop e. Perkins, 2O3 N. Peters
St. to serve three go years; Lewis A
Sherck, 233 N. Peters St.. to serve three
go years; Emile A. Rainold. 30l n. Front
ST, to serve three 49, years; Philip f.
vallee, 204 Decatur st., to serve two (2)
years; Charles K. Fenner, SIS Gravter St.
to serve two ~ years; John Bertoniere.
l22O Whitney Bldg, to serve one az year
Jos. c. LeBOurgeois, 1913 CarOndelet Bldg,
to serve one ~ year. Emile A. Rainold.
shall be president; Charles Il. Fenner
shall be yice-president; and John j. Shee-
han, New Orleans, La, shall be secretary
treasurer.
Said officers and directors shall hold
office until their successors are elected
and qualified and the failure to hold the
annual meeting and elect directors, shall
not affect this cooperation nor impair Its
management in any respect, but the di-
rectors and officers in ogice shall con-
tinue until their successors are elected.
s. All vacancies in the board of direc-
tors may be filled for the unexpired term
by the remaining directors.
9. The board of directors may make.
amend or repeal all by laws, rules or
regulations, which they deem proper, for
the regulation of the corporation. All
its stockholders shall be conducted in ac-
cordance with such bylaws and shall be
deemed to have been entered into subject
to all the provisions thereof.
Z. All elections by the stockholders
shall be by ballot, at the office of the
company, In accordance with such regula-
tions as the board of directors may de-
termine, and at every such election and
at all meetings of the stockholders. each
share of stock shall be entitled to one
VOTE to be cast by the registered owner
or by his agent o. representative by writ
ten proxy.
ARTICLE VII. This act Of incorpor-
alton may be modified, changed or al
tered, or said corporation may be dis
solved. with the assent of twO-thirds of
TIE capital stock outstanding at a meet
ing of the stockholders convened for tina;
purpose, and after fifteen days written no.
tice has been delivered in person or given
by letter mailed to the last known ad-
thee may be waived by the unanimous
consent of all the stockholders.
2. In case of the dissolution of the cor
poratiOn, its affairs shall be liQuidated by
one or more hQuidators elected by the
majority vote of the stockholders. with
such powers, compensation and duties as
the stockholders may determine.
ARTICLE Vino stakeholder shall
ever be held liable for the faults or con-
tracts of this corporation in any further
sum than the unpaid balance due to the
corporation on the shares subscribed by
him. nor shall any mere informality In
organization have the effect rendering this
charter null or of exposing any stock
holder to any liability beyond the unpaid
balance on his stock.
ARTICLE VIII-No stakeholder in the
corporation shall hold more than one
share OF stock. If a stakeholder be in
dcbted to the corporation, the directors
may refuse to consent to transfer of
his stock until such indebtedness is paid.
III any stakeholder is a member of a part
shall be stockholders Of the corporation.
such members of such partnerships shall
be entitled to only one vote for their
shares. Dividends in excess Of
year shall not be declared or paid.
ARTICLE IX-The corporation may
purchase shares Of its own stock. paying
for the same out of the surplus profits
and not otherwise. Such stock may be
resold for such price, not less than par,
as the directors may fix. The corpora
ton shall have the preferential option to
purchase at par, the stock of any stock
holder desiring to sell the same. and the
option or right to purchase at par the
stock of any stockholder who is not, or
shall cease to be. Clearing Member"
in accordance with the definition Of a
Clearing Member" contained in the by
laws. In case of the death of q stock
holder, the corporation shall have the
option to purchase his stock at par from
his executors or administrators. Such
option to purchase may be exercised by
the corporation within ten uol days after
1t shall receive notice in writing of the
desire to sell his stock, or
the stakeholder shall not be a
Clearing Member" or sixty (60) days
after notice Is writing of the appointment
and qualification Of his executors or
administrators.
ARTICLE x-The subscribers hereto
have respectively written opposite their
names the amount Of stock subscribed by
them In this corporation, so that this
act Of incorporation may also serve as
poration, and they have stated their post
office addresses so as to conform with Act
267 of 1914.
Thus done and passed at my office in
the city Of New Orleans. state of Louisi-
ana, on the day. month and year herein
first above written in the presence Of b.
f. Whitehead and Russell Pool, competent
witnesses of the full age Of majority and
residing in this city, who have hereunto
signed their names with said appearers
and me, notary, after due reading Of the
whole.
Original signed:
e. A. Rainold, 301 N. Front St.. share
Lewis A. Scherck. 233 N. Peters St. 1
share; Z. Il. Vallee, 2O4 Decatur St., i
share; Chas. Il. Fenner, 81S Gravier St.,
/ share; J. c. LeBourgeois, Carondelet
Bldg, 1 share; G. Poche Waguespack.
227 N. Peters ST., 1 share; John Ber-
tionere, Whitney Bank Bldg, / share
X. NJ. Murphy, 301 N. Front St., share.
Witnesses: b. K. Whitehead, Russell
Pool.
CHARLES ROSEN.
Notary Public.
New Orleans, La, June 80, 1922.
/, 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
ton, was this day duly recorded in my
office, in Book No. 1868, Folio =, New
Orleans, June 80, 1922.
(Signed). ROBT. SCOTT,
Recorder of Mortgages.
I hereby certify that the above and
foregoing is a true and correct copy of
the original thereof on file and Of record
In my office In this city.
Witness my signature and official seal
at New Orleans, La, this 30th day of
June, 1922.
CHARLES ROSEN.
Notary Public.
July Q. Aug.10.
CHARTER OF JAMES f. TURNBULL,
INC.