The herald., 1922-03-23
CHARTER.

| business until one hundred thousand
! $500 600 O) dollars of the capital stock
! has been subscribed for and actually paid
in. either in cash. property, or services as
| aforesaid: if any of the stock OF TINS
| corporation is exchanged in whole or in
part for property or good Will In that
| event the provisions of Section Three CD
OF Act 26i of 1914 shall be strictly COM
! piled with.
| ARTICLE V-Al of the powers of this
corporation shall be vested in and eNer-
| ciSed by board of directors composed
| of five (5) stockholders. each of whom
! shall own in his own right at all times
! during his term of Office. ut least one full
paid and unpledged share of the capital
| stock of this corporations which fact shall
| be shown by his written declaration. said
board shall have the right ut any time to
/ increase its number not to exceed seven
| "a directors. Said board of directors
shall have the right to nil all vacancies
| on said board resulting either from death.
! inability or resignation. or other cause,
or because of the increase in the number
| of said board. even though no quorum re-
main at the time such vacancies are to be
! filled; said board of directors shall be
| elected annually by ballot, at a stock
! holders meeting called for that purpose
on the second Tuesday in April of each
| year Tor the next day if that be holi-
/ day. after due notice given To the stock
/ holders by mail. at least fifteen 90 days
| before the date of such meeting. Each
| holder of stock shall be entitled to one
vote delivered in person or by proxy for
each share of stock standing in his name
on the books of the company, and a ma
/ jOrity of the votes east shall elect
Failure To elect directors on the day
| above specified shall not dissolve the cor
! pOration. but the directors then in office
! shall remain in Office until their success
| sOrs are elected and qualify. The board
of directors shall elect from their number
/ a president a vice-preSident and Secre-
| tdry and treasurer, provided that the
D NJ al Nt~fth Of of
| ficerS and tori may combine any of them,
and may appoint such employees (whO
| need not be members Of the board of stock
! holders) as they think proper or con
venient for the carrying on of the COM
! pany's business, and they shall fix the
| salaries of all officers, agents and en-
| ployce>. The board of directors shall
| have hOrity to make and establish, as
well a. alter and amend all bylaws. rules
AID regulations necessary and proper for
the support and management of the bust
ness and affairs of the corporation and
not inconsistent with this charter. and
| they shall have the power to authorize the
! borrowing of money and the issuance of
notes, ard the executions of mortgages
and pledges, and generally to do all
things necessary for the proper carrying
! on Of the business of this corporation.
quorum of the board shall consist of not
less than four (4) directors.
Until the general meeting of the stock
holders for the election of directors to be
held on the second Tuesday of April, 1923.
or until their duly qualified successors
are elected and installed. the board of di-
rectOrs shall be composed Of: ThOs. >.
Logan, 1913 y. DOrgenOis St. New Or
leans, La; II. NJ. Carter, 202l Chestnut
Street, New Orleans. La: Il. c. Carter,
$3.50 Magazine Street, New Orleans, La;
\. LAURA. 1924 St Charles Ave. New Or
leans La; a. p. POrtas, 1924 St Charles
II. NJ. Carter shall be president, f. G.
Carter, vice president, and 4. p POrtas
secretary and treasurer.
ARTICLE vI-This act of incorporation
may be changed. modified or amended,
or the corporation dissolved, by vote
of two-thirds 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
corporation.
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.
Said liquidators shall remain in office I'M
til the affairs of the corporation shall have
been fully settled and liquidated md
they shall have full power and authority
to transfer and give title to all the pro-
to distribute the proceeds In case of
death, disability or resignation of one or
more Hquidators, the vacancy shall be
filled by the survivor or survivors.
ARTICLE NIII-No stakeholder shall
ever be held liable or responsible for the
debts, contracts or faults of said corpO-
ration in any further sum than the I'M
paid balance due on the shares of stock
owned by him. nor shall any mere in
formality in organization have the effect
of rendering this charter null or of eX-
posing any stakeholder to any liability
beyond the amount due on his stock.
In ri ehnN 30 oh
ter may serve as a subscription list, the
undersigned incorporatOrs of this cor
poration have subscribed for the num-
Der of shares set opposite their respective
names. The subscription to said capital
stock by III. NJ Carter. Trustee, shall be
wholly paid for in property to be ex-
changed and transferred to this corpora
ton. In connection with said subscrip-
ton of III. NJ Carter, Trustee, and the ex-
change of said property for stock. there
is annexed to this act of incorporation,
and to be read In connection Herewith,
an accurate, detailed and itemized descrip-
ton of such property as to amount, loca-
ton, extent. character and state of i'm
provement together with a statement of
its value as appraised by the directors.
Those 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 i. n. Swing and f. III. Krause
competent witnesses. and me, notary, after
due reading of the whole.
Witnesses: J. n. Swing, f. ii. Krause
ORIGINAL SIGNED):
FRANCIS p. BURNS.
Notary Public.
l. 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 Incor-
pOration of Claiborne-C Central Oil
Company. Incorporated was this day
duly recorded in my office in Book 1905
folio -.
New Orleans. March 10th. 1922.
(Signed) ROBT. SCOTT,
Deputy Recorder.
A true copy:
FRANCIS p. BURNS,
Notary Public.
March 23-Apr. 81.
CHARTER OE KRIERBE co NC