The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-14
CHARTER
scribed and paid for in cash or its equiv
IL nrnN.ihpn hN law


alent as provided BY law.
ARTICLE y-The capital stock of thi'
coronation may he Increased to the SUI
of Fifty Thousand Dollars (SJOOOOU) ID!
il two-third vote of all the STOCK AT
special meeting called for that pnrpoS'
or at Il regular annual meeting OF th'
corporation.
ARTICLE VI-An certificates of stock
issued by the Company shall be signed
by the President and countersigned by the
Vice President or if authorized by TeSo
linton of Board of Directors, shalI pt
signed by the President ana colhter
signed by the Secretary.
The stock of this corporation can DO
transferred only on the books OF th'
corporation and subject to such rcguia
tions and fOrmalities as may be by tht
Board of Directors from time To um'
prescribed.
No stockholdcr shall he permitted to
sell or otherwise dispose of his stock
without first offering the same in writ
ing To the other stockholders through
the Board of Directors at price not
exceeding the book value thereof ana
the stockholders shall have an option
and first right to purchase all the shareS
of stock to be thus disposed of by the
death. resignation or otherwise of any
of the stockholders of the corporation
and shall have period of ten days Ill
which to accept or decline such Oller oi
stock. Should the Board of Directors
the said stock, then the stakeholder or
stockholders who made the offer to sell
or otherwise dispose of this STOCK may
sell or otherwise dispose of il in any man
ner and at any price that he or they
may see fit. But each share of stock Is
issued under the condition and under
standing that no stakeholder shall make
sale or transfer of his stock Ill Viola
ton of this provision, and such sale or
transfer if made, shall be void, and this
hal ~
to list said stock on its books or 10 re-
gard the holder of the certificate thereof.
ARTICLE VII-The corporate powers
of this corporation shall be vested In ana
exercised by a board of three directors,
two of whom shall constitute quorum.
The directors of this corporation may
vote in person or by written proxy at any
of the meetings of the board OF directors I;
and the board of directors may delegate
any of its powers to any officer or Off
GERS or any other representative of the
company by appropriate resolution 10 that
effect.
The first board of directors of this cor
pOration shall be composed of the fol-
lowing: Edward Alba, Oswald Alba,
Charles Alba, with officers as follows:
Edward Alba, president; Oswald Alba.
vice president; Charles Alba, secretary
treasurer, and they shall serve until the
second Monday of January, 1923. or until
their successors are elected and qualified.
The directors shall be elected annually,
the second Monday OF January of each
year.
Notice of such meeting shall be given
ten days prior to the date of the meet
ing. in writing and sent TO each stock
holder at his last known address.
Each stakeholder shall at such annual
meeting or other meetings, general or
special, be entitled in person or by proxy
TO one vote for each share of stock owned
by him.
Elections shall be held under such rules
and regulations as may from time to time
be determined by the board of directors.
The directors when elected shall hold
Office for one year or until their success
sors shall have been elected and qualified
and failure to hold the annual meeting of
stockholders or to elect annually the di
rectors shall not operate the forfeiture of
tbis charter or any rights Hereunder.
ARTICLE VIII-This charter or act OF
incorporation may be changed, modified
altered or amended by and with the con-
sent of twO-thirds of all the stock present
at any meeting. general or special, held
may be material or immaterial subject
only to limitations as may be by law pro-
yided; and this corporation shall have the
power to increase or decrease its capital
stock as herinbef0re set out, and any in
crease in capital stock in excess OF the
amount named herein as the amount to
which ii may be increased, may be made
by three-fourths vote of all outstanding
stock.
ARTICLE IX-Notice of any and all
meetings referred to in this charter or
required by law, shall be given in the
manner provided for giving notices in
case Of elections, unless the same shall
have been waived.
ARTICLE Kin case of dissolution,
liquidation or termination Of this char
ter, by limitation or otherwise, the af-
fairs of the corporation shall be liquidated
by one or more liquidators elected by the
no
Der Of said liquidatOrs, and vest them
with such power and authority as may
by law be permitted; nix the terms and
upon which they shall serve,
in case Of death or disability of any one
of said liqiudators, the remaining Hqui-
dators may I'LL the vacancy or continue
to act on behalf Of the corporation.
ARTICLE XI-Noi stockholdbr SHALL
be liable or responsible for any costs,
contracts, debts or faults of the corpora
ton, or of any of its officers, nor shall
any mere informality in organization
have the effect of rendering this charter
null and void. or Of exposing any stock
holders to any liability beyond the I'M
paid balance due on the stock held by
him.
ARTICLE XII-The subscribers hereto
have written opposite their names the
number Of shares subscribed by each of
them, and their post office addresses, SO
that this charter may serve as the sub
scription list of the corporation; all of
which subscriptions are payable in the
manner and form set out herein.
Thus done and passed at my office, in
The city Of New Orleans, on the day and
IN the month and year herein first above
written, and in the presence of VIM. Ma
son smith, Jr., and Paul f. Chaser, COM
petent witnesses, who have hereunto
signed their names with the said ap-
bearers and me, notary, after reading of
he whole.
>, witnesses: VIM. Mason Smith, Jr., Paul
Z. Chasez.
(ORIGINAL SIGNED)
(Names of subscribers omitted)
WILLIAM J. GUSTE,
Notary Public.
ne, hecorded In Parish Of Orleans, NJ o.
B. 1873, folio =.