The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER.


in June of each year Tor on the next legal
day If that be a holiday after notice
given to each stakeholder by mail at
least fifteen days before the date of the
meeting, addressed to the last designated
address of the stakeholder, or If he has
designated no address, to the General De-
livery at New Orleans. Special meetings
Of the stockholders may be called by the
board at any time and notice thereof shall
be given in the manner provided for an
nual meetings; provided that in all cases
all notice may be waived by unanimous
consent. Each shareholder shall be en-
titled to one vote for each share OF stock
standing in his name on the books OF the
corporation, said vote to be cast in per-
son or by proxy and n majority of the
votes cast shall elect. Failure to elect dl.
! rectOrs on the day above specified shall
not dissolve the corporation but the di-
rectOrs then in office shall remain in office
until their successors are elected. The
| board of directors shall have power to
| fill all vacancies which may occur or in
any manner arise or be created on the
board. even though no quorum remain at
the time such vacancies are to be filled.
The board shall elect from their number
a president and one or more vice preSi-
dents The board shall also elect sec
rotary and a treasurer, who may be the
same individual and need not be mem
bers of the board or stockholders; and
the board is expressly authorized from
time to time to dispense with any of said
officers and Tor combine and /Or separate
any of them. and iOr elect any other such
officers as the board may think proper or
convenient to the carrying on of the com
pany's business, and to pOrvide that said
officers need not be members of the board
of stockholders; and the board shall fix
the salaries of the officers, agents and
employees. At any meeting of the board
of directors, any director absent from the
meeting may be represented by any other
director who may east the vote of the alb
sent director according to the written in
StructiOnS, either general or special, of
said absent director. The board of direc
tors shall have authority to make and eS-
tabliSh, as well as alter and amend, all
bylaws, rules and regulations necessary
and proper for the support and manage
ment of the business and affairs of this
corporation and not inconsistent with
this charter; and they shall have power
to authorize the borrowing of money and
the issuance of notes and the execution
of pledges and mortgages, and generally
to do all things necessary or convenient
for the proper carrying on of the bust
ness of the corporation.
Until a general meeting of the stock
holders for election of directors to be held
in 1923, or until their duly qualified sue
cessOrs are elected and installed the
board of directors shall be composed of
the following: VIM. Pierce O'Neal, care Ma
rine Bank * Trust Co.. Gravier and Ca
rondelet Streets, New Orleans. La; Ed
mund +. LeOvy, care Whitney Central Ma
tional Bank, Gravier and st. Charles
streets. new OFledHS, La, r.
Niebergall, care Canal Commercial Trust
and Savings Bank, Common and CarOn-
delet Streets, New Orleans, La. OF the
foregoing directors VIM. Pierce O'Neal
shall be president; Edmund +. Leovy,
shall be ce-president, and Clinton L.
Niebergall shall be secretary-treaSurer.
ARTICLE VI-This act of incorporation
may be changed, modified or amended, or
the corporation dissolved by a vote of
twO-thrds of the entire capital stock
present or represented at a general meet
ing of the stockholders convened for such
purpose, after previous notice shall have
been given in the manner above required
to be given of the annual meeting Of the
ARTICLE Wifi this corporation shall
be dissolved. either by Limitation or from
any other cause, its affairs shall be liQui-
dated by three commissioners to be ap-
pointed at the meeting of stockholders
convened for the purpose of liquidation.
and to be elected by the vote of all the
stockholders voting upon a parity. Said
liquidatOrs shall remain in office until the
affairs of the corporation shall have been
fully settled and liquidated and they shall
have full power and authority to transfer
and give title to all the property and as
sets of the corporation and to distribute
the proceeds. In case of death, disability
or resignation of one liquidator the va
cancy shall be filled by the survivor.
ARTICLE Vlll-NO stakeholder shall
ever be held liable or responsible for the
or faults of said corporation in
any further sum than the unpaid balance |
due on the shares of stock owned by him. |
nor shall any mere informality in Organi- |
cation have the effect of rendering this /
charter null or of exposing any stock |
holder to any liability beyond the unpaid ]
balance due on his stock. |
In order that this charter may serve
as the original subscription list, the sub |
scribers hereto have indicated opposite |
their respective signatures the number |
OF shares of stock subscribed for by each |
Of them.
Thus done and passed at my office in |
the city of New Orleans, on the day, month |
ana year hrst hereinabove written in the
presence of George Perez and n wilkins
competent witnesses, who have signed here
10 together with said appearers and me
notary, after due reading of the whole.
witnesses: George Perez, N wilkins
Names Of subscribers omitted
(SeaD: WATTS X, LEyERICH
~, 49,. Notary Public
(SeaD: WATTS K. LEyERJCH
Tune 29-Aug 3.