The herald., 1922-12-21
CHARTER.

1 organized and the nature or the business
| to he carried on by II are hereby de-
| cIared to be: To conduct a printing shop
| and all business connected with the enter.
prise Of printing. and to generally hold
and exercise all such incidental powers
and privileges as relate to the objects
and purposes hereinabove set forth or as
may he necessary, needful or convenient
for eTecting said objects and purposes:
this cornoration Is hereby fixed NJ the
| sum of Five Thousand Dollars tS5.OooOOI.
divided into fifty shares. par value shares
Of One Hundred Dollars lslOOool each.
TO he issued and maid for in cash or in
property. or rights as above named. or
for services rendered TO said corporation,
or for other valuable consideration: In
such manner and Mt such time or times
as the Board 90 Directors may determine
and direct. All stock shall he paid in
full and worcestershire when issued.
The capital stock of this corporation
may be increased as provided by law
Thousand Dollars tS2J0OOOGOl. III tn"
capital stock he increased. the persons
holding the stock Of the company at that
time shall each have the right to take
shares then held by them. resnectiyely:
with such restrictions as the Board of
! Directors may determine.
No shares of stock of this corporation
shall be transferred except upon the
books Of the corporation or until the
share or shares of stock to be trans
ferred shall have been delivered TO the
corporation and duly cancelled. and the
corporation shall have the right to re-
fuse to make such transfer upon IT'S
books as long as the owner of the stock
is in any way indebted to the corpor-
| alton.
No stakeholder shall have the right
to dispose of his stock until he has first
offered the same for sale to the corpor-
alton through its Board of Directors
and the said BOARD of Directors shall
have the power for thirty 500 days from
date of such offer to purchase such
! shares for the benefit of the corporation
at n price to be named by such stock
holder. but for not more than their book
value as shown by the inventory last
made.
The Board Of Directors shall have the
right to declare forfeited any stock sub
scriptiOn not paid within thirty (3O) DAYS
after notification Of call. or it NAV pro
coed to collect such stock subscriptions
There shall be printed or engraved
across the face of each certificate OF
stock the following: These shares ar"
issued and shall be held subject to the
charter and bylaws of this corporation.
ARTICLE V. All the corporate pow
ers OF this corporation and the manage.
ment and control of its business shall
be vested in and exercised by Board
| Of Directors composed Of not less than
three nor more than seven stockholders.
except that the officers Of said corpor-
alton shall have and exercise the power
| granted TO corporate officers by Section
10 Of Act No. 267 of 1914
The present Board of Directors shall
consist of three stockholders. a majority
Of whom shall constitute quorum for
the transaction Of any and all business.
and a majority vote Of the Quorum
present at any meeting shall constitute
valid and corporate acts, within the
scope. authority and power Of the Board
of Directors.
Said directors shall be elected annually
.tx.- - n.,l
and every wear. at a meeting Of the stock
holders called for that purpose. All such
elections shall be by ballot and con
Quoted at the office Of the corporation
under the supervision of two commission
ers TO be appointed by the Board OF
Directors. Each stockhoder shall be en-
titled to one vote for each share Of stock
| standing in his name upon the books OF
by proxy. and n majority of the votes
shall elect. A failure at any time to
elect directors shall not dissolve this
corporation forfeit this charter. but
the then existing directors shall continue
in office until their successors are elected
and have taken their seats.
Immediately after the election of direc-
TORS they shall meet and elect from their
| number a President. one or more Vice
Presidents. a Secretary. and a Treasurer.
but which two latter officers may be
combined in one person. The duties OF
pertain to the position to which they
are elected, and such as may be provided
for in the bylaws. or as may be desig-
mated by the Board of Directors at any
! regular or special meeting.
The BoarJ of Directors shall make
change. modify and alter all bylaws.
rules and regulations for the manage
mcnt of the business of this corpora
ton as they think proper; purchase,
lease. sell. sub lease. mortgage. pledge
property, real. personal and mixed: make
and sign notes. mortgages. bonds and
the officers or among their own number
for the uneNpired term Of such director
or officer: and generally do any and all
such matters and things as are neces-
acement of the business of the corpor-
alton.
The first meeting Of the stockholders
If this corporation shall be held on the
first Monday in November. and annually
thereafter. Until that time the following
named parties shall compose the first
Board Of Directors:
Percy L. Elliott. New orleans, La.
Edwin F. Marx. New Orleans. La.
with the following officers: Percy l.
Elliott. President: s. Sanford Levy. Vice
President; Edwin F. Marx, Secretary
Treasurer. who shall serve until the first
ANIMAL meeting of the stockholders OF
until their successors are duly elected
qualified and installed.
ARTICLE vi. This charter may bs
aHenueu OF tnls corporation may De dis
solved In the method and manner pro
vided by law.
ARTICLE VII. No member Of thi.
corporation shall ever be held liable OF
responsible for the contracts or faults Of
this CORPORATION in, any furthr sum thar
tn unpaid balance for his stock subscrip
ton. nor shall any mere formality IL
organization have the effect of rendering
this charter null or of exposing n mem
Der to any liability than as above pro
| vided
Thus done and passed In my office Al
the city Of New Orleans, on the day and
date first hereinabove written. in tn,
presence of Sidney c. Mimeles and A. l.
Varnado. competent witnesses. who here
unto sign their names with said appear
trs and me, notary, after due reading Of
; the whole.
Original signed p. l.. Elliott, A share.
subscribed: s. Sanford Levy. share sub
scribed Edwin f. Marx, shares sub
scribed.
Witnesses: Sidney c. Mimeies. A. L
Varnado.
THEODORE H. MCCLELLAN.
Notary Public
State Of Louisiana, Parish Of Orleans
! Before mes Theodore HI. Mcclellan,
notary public in and for the parish o
Orleans. therein residing. and in tn,
presence Of the witnesses hereinafte
named and undersigned. personally CAM
: and appeared Edwin F. Marx and s. San
ford Levy. who being by me first dull,
sworn. depose and say that they are tw,
Of the individual members Of the New
: Orleans Printing Company, Incorporated
corporation now in process OF organi
nation: that Percy l.. Elliott IL the owne
OF the following described property con