The herald., 1922-05-04
CHARTER.

pOratiOn. and generally to do any and all /
business incident thereto or connected /
with the objects and purposes of this
corporation.
ARTICLE ". The capital stock is
hereby fixed at Five Thousand Dollars
CSj.OOOOOD. to be divided into two hun
dred (2OOD shares Of the par value of
/ Twenty Five Dollars $4,000 each, where
OF fitty-twO per cent. tI2'CD shall b"
subscribed and paid for before the filiaS
of these articles of incorporation. All
stock subscribed for shall br paid for in
cash or property received. Each share ot
stock shall be entitled to one vote at all
elections and meeting and entitled To IN"
same rights and privileges a. any other
such share. No stock shall uc Issued
over and above the shares Suh> T.hc', Tor
/ ~ the time Of the signing uf tins act -
Incorporation. whether IL lee out of The
l!.lauc" of the capital stock herein p~"-
/ viCeu for. out OF the inc."JS" Of the
/ capital stock. without first otirriu" II
/ to the stockholders Of record III the pro
] portion of their holdings a. shown 10y
this act of Incorporation. The amount
/ "i the capital stock may lac increased up
. 20 the amount of Twenty Fiv" InOu-auI
I Dollars tS2J OOUOOD No stocShuId,r IN
/ this corporation shall dispose "i NJ h"'t-
/ iug>. or any part thereof, without first
J offering TIA" same to III" corp""|ti"u ~
/ lis book value. and the corporation shall
/ or reject said offer
No stakeholder shall ever Ice held
. liable or responsible for the faults or
/ contracts of said corporation in ANY
. further sum than the unpaid haIan'"
due ON the shares "f stock owned 10y
him. nor shall any mere informalty IN
organization have the effect OF rcnderiu-
I this charter null or of exposing an%
. stakeholder to any liability beyond thC
amount due on his stock.
ARTICLE V. All the corporate pow
cr> of this corporation shall 10" vested
/ in and its business and affairs managed
by a Eoard cf Directors. consisting OF
three 90 members. two 81 OF whom
shall constitute 4 quorum for the trans
action Of business. Any vacancy or va
caHcicS in the Board Of Directors shall
hp tillpd 10y the remaining directors.
All voting power -: the Board of Dire
tors shall Ice on the basis IF tn" ~t''k
owned hy the said director. ut "itN-tw"
l12D per cent of said stock will Ice n"c'>-
Sary to express the will or intention IF
said Board of Directors in all matters
of contract or respecting 'he manage
mcnt Of the corporation.
The first Board of Directors and Off
GERS appointed under this charter shal
hold office until the second Monday IN
January 1923 or until their successors
are elected and qualified. and until the
second Monday in January. 1928, the fol
lowing parties shall constitute the first
Board of Directors of the corporation.
to-wit: Alfredo Elanco. Fernando Patron
Correa and Amado Il. Gutierrez. with
Alfredo Blanco as President. Fernand"
| Patron Cnrrea rs Nice-PreSdent, and
Amado Il. Gutierrez as Secretary
Treasurer.
Failure to elect directors on the day
above specified shall not dissolve the car
poration. but the directors then in oth'r
; shall remain in office until their sue
elected and Quallncu.
ARTICLE VI. All notices of stock
holders or Board of Directors meetings,
including the annual meeting provided
for herein shall be held after twenty
four (24) hours written notice shall maze
: been mailed by the Secretary 10 each
' stockholder at his last known place OF
residence. and at all stockholders meet
ings a majority of the stock represented
e by prCNy or otherwise shall control.
ARTICLE VII. This charter may he
, amended or the corporation may be Gis
!, solved and liquidatcd by a ffty-two I'2)
= per cent vote of the capital stock aP
: pearing on the books of the company
: and. in case Of liquidation. the Board "'
" Directors then in office shall iquIdai'
the corporation.
Thus done and passed at my othce II
the City of New Orleans on the day
month and year herein first above writ
ten, in the presence of August II. Rltt"
| and Miss Amelia Babin. competent wit
| nesses. who hcreuntO sign their name
= with the said appearers and me. Notary
: after reading of the whole, the said ap
' ! bearers subscribing for the amount .
II stock set opposite their respective names
CNames of incorpOratOrs. together witt
: their addresses and shares subscribed
for by each of them.)
Witnesses:
A. II. RITTER,
A BABIN
J. VI. QUINTERO.
Notary Public.
/. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State OF Louisiana. do hereby certify tina
the above and foregoing act of incor
poration OF the Ell HERALDo MER
CANTIL PUBLISHING co. INC. wa
80 this day duly recorded in my office l
90 book 1868. folio
a. New orleans, La, April Is. W.:
Is ROBT. SCOTT,
:; by. Rec.
,a true copy. -
ne (SeaO J. NJ. QUINTERO.
VI Notary Public.
+ Apr. 21-June