The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-16
CHARTER.

| of each wear. and majority of whom
| shall constitute quorum for the trans.
action of business, and majority ot
votes east shall decide all questions; all
| such elections shall be conducted at the
Office Of this corporation under the su-
| pervisiOn Of three commissioners 10 De
! appointed by the president. Notice OF
! such election and Of all other meetings OF
| Std kholderS whatsoever. unless waived
| in writing, shall be given personally or
by depositing in the United States Post
! Office in New Orleans, at least fifteen
days before such meeting, notice of the
/ holding thereof, enclosed in a postpaid
wrapper, addressed To each stakeholder
AT the last address furnished TO this cor
4 puration by said stockholders and in the
event that no address be furnished then
address General Delivery. New Orleans.
At least two days before said meeting "A
complete list Of the stockholders entitled
to vote shall be open to inspection by the
stockholders ut the place of said meeting.
At said election, and at all other meetings
! of stockholders. the voting shall be by
ballot, and each stakeholder shall be en-
titled To one vote for each share Of stock
standing in his name on the books of the
company, to he case in person or by
proxy.
Fifty per centum Of the outstanding
capital stock of this corporation shall
constitute Il quorum at any and all meet
ingS for the transaction of any and al
business. except aS otherwise provided by
law. The majority Of stock voted shall
decide all questions. except as otherwise
provided by law or this charter.
Vacancies occurring In the board Of di-
rcctors, because Of death, resignation or
otherwise. shall be filled by the remaining
members of the board by selection from
the other stockholders
The failure to hold an annual election
or TO elect directors as above provided
shall not dissolve the corporation. but the
directors and officers then in Office shall
cause an election TO be held soon as
possible thereafter, notice OF which shall
be given as above provided for the hold
ing of the annual meeting OF stock
holders, pending which election the then
directors and officers shall remain as such
! until their successors have been duly elect
ed and shall have qualified.
The board of directors shall. within
thirty days of each annual election, elect
/, from their own number a president and
vice president and shall also elect sec
rotary and treasurer and shall have power
to combine the offices or secretary and
= treasurer in one person.
The board of directors shall have the
e power of delegating all or any OF its
= power in the transaction of the business
of this corporation to committee or COM
mittees of its own body TO officers and
agents of this corporation. and the board
a of directors may appoint from time to
a time such officers, managers, clerks.
, agents or employees they may deem
: necessary or proper for the conduct of
= the business, of this corporation. and such
, officers, managers, clerks, agents and en-
ure of the board.
Any and all directors shall hold office
! at the pleasure of the stockholders, who
. may at any general meeting held for that
purpose. on notice as above provided for
the holding of the annual meeting of stock
l holders declare such dircetOrships vacant
and elect their successors. and il shall be
the duty of the president or secretary to
; call a meeting for that purpose at the re-
: quest in writing of ten per centum of the
). capital stock of this corporation then out
> standing.
/, The board of directors shall have power
v to adopt bylaws for the government of
;, this corporation and alter, amend and
r abolish the same at its pleasure at any
: general or special meeting of the board
J. and no previdWs notice Of any intention TO
|. alter, amend or abolish the bylaws shall
: be required.
y The first board of directors shall be COM
posed of W. l.. O'Daniel, l.. I. Tucker and
,. r.. f. Clark. of New Orleans. La, who
: shall hold their Offices and exercise their
b" functions until the annual election to be
held on the first Monday of February
1923, or until their successors are duly
elected and qualified subject to the con-
ditions hereinabOve provided.
ARTICLE VI-This act of incorporation
L may be modified, added to or changed
): or said corporation may be dissolved in
u the manner provide by law of the State OF
r Louisiana at the time such action is taken
" and whenever this corporation is dis
10 it's affairs shall be liquidated by tire,
liquidating commissioners to be elected
at general meeting of the stockholders
r. called for the purpose of voting on tn,
10 question of liquidation. or thereafter. and
e in case of the death or resignation Of any
10 Of the said commissioners the surviving
or remaining commissioner or commits
et siOners shall continue to act, and in cast
y of death or resignation of all of them
l. three or more commissioners shall b.
elected by the stockholders to complete
the liquidation.
All meetings Of the stockholders and di
rectors shall be held in New Orleans, Al
: the office of the company, or If 1t has N,
> Office, at some other accessible place o.
business, and any and all notices provided
-, by law or this charter to be given Il
u stockholders or to directors may b,
" waived by the unanimous consent Of tn
II stockholders or the directors respectively
=, except as otherwise provided by the law:
" !, Of the State Of Louisiana.
ne ARTICLE Vino stakeholder shall
q. ever be held liable or responsible for tn,
ly contracts or faults of this corporation In
ne any further sum than the unpaid balanc,
a due the company on the shares of stool
of subscribed for by him, nor shall any in
n formality I'm the organization of this cor
ID poration have the effect Of rendering THU
K, charter null, or Of exposing any stock
70 holders to any inability beyond such un
n paid balance due on said stock.
s. In order that this charter may ais,
r serve as the original subscription list re
Id quired by law, the subscribers to this ac
ct of incorporation have also written oppo
n site to their respective names their re
~ spective addresses and the amount Of CAPT
N, tai stock of this corporation subscribed
Id for by each Of them.
Id Thus done and passed in my notaria
Id office in the City of New Orleans, Parisl
and State aforesaid, on the day and fl
a. the month and year first above written
ed in the presence of H. @. Price and Loui
ne G.. Guidry, competent witnesses, who here
a unto sign their names with the said ap
a pearers and me, notary, after due readin,
tie of the whole.
or witnesses: II. G. Price, Louis
ed Guidry.
.e (ORIGINAL SIGNED):
al w. l.. ODaniel, New Orleans, La, "a
IA shares; r. +. Clark, New Orleans, La, Il
ar share; L. T. Tucker, New Orleans, La, Il
ke share.
m HENRY P. DART. JR.,
IL Notary Public
(SeaD:
r. i. Henry p. Dart, Jr., do hereby certif!
,r- that the above and foregoing is a true ant
1d correct copy of the Act Of Incorporation
he Of United States Bonded Warehouse Co
lis Inc, passed before me.
o. HENRY p. DART, JR..
Nv Notary Public
a. STATE OF LOUISIANA,
PARISH OF ORLEANS,
- CITY OF NEW ORLEANS.