The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-24
CHARTER.

! Three of the directors shall constitute
! a quorum for the transaction of bust
ness. The board of directors shall have
| the power, by a vote of not less than
twO-thrdS of all directors, to sell all
| or any part of the property. movable
and immOvable. belonging to the corpo-
ration, or to receive in exchange there
for money or stocks or bonds, or other
! obligations Of another individual. firm.
| or corporation of any character, with
| out referring to the shareholders for
| power To do so. At any meeting of the
| hoard of directors, any director absent
| from the meeting may be represented
/ by any other director, who may east
| the vote of the absent director accord
! ing to the written instructions, either
/ general or special of said absent di-
! rector. Until the annual meeting Of
| 1928, the board of directors shall con-
sist Of the following: Robert II. Down
| man, post office address, 2J25 ST
| Charles Avenue. New Orleans. La: J.
Blanc Monroe. 1924 Louisiana Avenue
New Orleans. La; Thomas Stark. ThibO-
deaux, Louisiana: Jesse w. McWilliam.
| 551S Chestnut Street. New Orleans.
Louisiana and J. Fallon Wigginton. 1893
Calhoun Street. New Orleans. OF the
foregoing Robert H. bowman shall be
president; Thomas Stark vice-presi-
dent and Jesse W. McWilliamS, Sccre-
tary-tTeaSurer.
ARTICLE NI-This act of incorpora-
ton may be changed. modified or
amended. or this corporation may he
dissolved in the manner provided by
law. by a vote of two thirds of the en-
tire outstanding capital stock present
or represented. at a general meeting Z
of the stockholders convened for such .
purpose, after previous notice shall .
have been given in the manner above I
required to be given of the annual meet
ing of the corporation. The capital |
stock Of the corporation my he in
creased or decreased by proceedings
in accordance with the laws of the 4
State of Louisiana.
ARTICLE Wifi this corporation
shall be dissolved, either by limitation
or from any other cause. its affairs
shall be liquidated by three go COM
niSSioners TO be appointed at a meet
ing of stockholders convened for the
purpose of liquidation. and to be elected
by vote of all the stockholders Said
ignidatOrS shall remain in office until the
affairs of said corporation shall have
been fully settled and liquidated. and
they shall have full power and au- Z
-hority TO transfer and give title to all :
he property and assets of the corpo-
'ation, and to distribute the proceeds l
m case of death, disability. or resigna- ]
ion of one or more liquidators. the va
'ancy shall be filled by the survivor or
survivors. S
ARTICLE VIII-No stakeholder shall c
,ver be held liable or responsible for y
he contracts or faults of said corpora Z
ion in any further sum than the unpaid I
balance due on the shares of stock !,
'wned by him, nor shall any mere in 2
ormality in organization have the eff :
ect of rendering this charter null or
# exposing any stakeholder to any liza -
'ility beyond the amount due on his =
took. !
ARTICLE IX-There is annexed here $
o an accurate. detailed and itemized a
description of certain property. being s
ertain leases or sub-leases of lands or
minerals rights in the Parishes of St e
harleS, St James, Assumption. st !,
ohm the Baptist and Lafourche which o
re TO he conveyed TO the corpo- "
Ons for nine thousand three hundred six Il
seven 9.36i shares of its capital stock Il
howing the amount, location, extent. o
haracter, and state of Improvement of e
aid property, together with a state Il
lent of the value of the said leases as r,
ppraised by the directors of this cor S:
Grafton. And, in order that this char
er may serve as the original subscrip- o.
ION list, the subscribers hereto have Of
ldicated opposite their respectiv q
gnaturs the number of shares of stock fC
INSCRIBED for by each of them. al
Thus done ana passed, in my office, 81
I the City of New Orleans, Louisiana u
4 the day, month and year first above =.
rltten, in the presence of Nellie Dill ~
m and Shirley Hoffman. competent -
ribbed their names, together with me- %
Dtary, and said appearers, after due Ia "a
aiding of the whole. ;s
(ORIGINAL SIGNED) i'm
(NameS of subscribers omitted) in
Witnesses: n. Dillon, Shirley Hoff-
an. of
(SeaD WATTS X. LEvERICH. sa
ug. 17-Sept. 81. wi