The herald., 1922-07-20
CHARTER


ate 10 mir hire, lease, purcb,.-
~" IarInS and plantss,iase, on,
Hnd purchase liye-stoaLlohs; IA y a.
machinery. boats '' c tools u
'I'N necessary or cars and -
poses. and in coDDna'enient , We
establish general nnectiOn n, 4
ing business. witbin efcantls as
nv Planting. mercan yq any w.
~ Onr. p,n'r"is" incidental halss
TO acquire, and ho,,
OF otherwise. proper,~ by pp,,a.
movable. imm0yshIaH = Zeal ,,sS
, ,,o,ha,. 10 sell. lease, mo rs nhed
i, ,"t'', , or otherwise ss ,ge M;
ana every way What's. dispose y
money; to draw. mats a
81 eA'h ahg" and prori. aud end,
issue bonds; to buv 'IIory As,s
construct. maintain a. lesse. ~,
necessary or incident operat
I IN contemplated. ana 70 The bus.
t ms co real estate or per, Ooy; VI
,Hr co9rNe and cond1ct s "s prs.s
Liner a,,il'r,,. IN connection with aid
"'T Ta .,,, I'll ~ld %&
10 acquire by nprot
ana to hold for invos,ase or 90
-, -, I o,h assign, transfer me.! o. W. /
OF otherwise dispose q, INOfgae
n,. or evidence of ;UOnds
any SHARES Of capital stod iaaoee,st.
corporation or corno,a.Ick Of a,
OF associations, whetbs, ls.,,
nestle; and while tho or. lofeigl :
10 exercise all the righ,'r Nd
privileges If Ownarsbin pOSs
right 10 vote thereon lhehdh,
a' 4 natural person might '1 Ss. ''a, !
And generally to do an
ana legal that may reIat al nias n
inc objects and purposes vi W app-s /
Tn" foregoing clauses sb,H
pom aN objects and nowaI % H,r,I
citation. expression n, ".,S bU
isPe'i me or special pows,a Seanaa
htrtIn enumerated. SHAH - " IN.
exclusive. but it is herein aeres
CARED that all other lsw; ap'eS,
Inconsistent therewith pore
a nn.u rar,L person might have any
ARTICLE IV-The can,,.
corporation Is hereby A.. Aect
fourteen thousand (Si4 NOoo a
Vlded into one hundred aoRa
shares of the par yalna a.u iOrt
,sIoo.oOl dollars each. all ot IVY W, IL
pe common stock, and which aa
sc,ip pay abe In cash at the TIM s'a !
All shares Of stock sbanh.
-aSseSSable. "e iull Nj
rms corporation shall b4cou
concern and be authorized ~
business as soon as the 49, asle
stock or fourteen thonsand y,
dollars has been subscribed ,0d H ~,
Certificates of stock shan
the president and the sac,.. " VIZ
and each share of stock SHAH ~, 70
owner thereof, either in nsrs0s 'ault
written proxy. to cast ons ny.
meetings. of shareholder wy
Any shareholder WISHING B..
her stock must first Offer m. 'sa
writing, to the other sharehOlS..'
the board of directors. AT a 49, ~
ceeding the book value tHs,a.s
BOARD OF directors shall have tsn M /
IN which to accept or decline ~. !
should any sha. eholder make Az,
violation OF this clause, the sm. ~
null and void. WV Sa1s "a
The shares of stock OF this so,,...
shall be transferable on N. ~
this corporation only, and ma W.
shall be binding on the eo,no.,s-
have any effect, unless and v,,T Y
upon said books.
The capital stock OF this ro,,...
may be increased from time 10 lin, ! :
amount not exceeding one huns,.S n.
and dollars, in accordance wifi A. !.
visions of the law appertainins a.
ARTICLE VAN Of the power \ !.
corporation shall be vested IN M :.
cfsed by a board Of directors. Conn.,,
not less than three and not ma, !.
seven shareholders, a, majority IA ~
tute a quorum for the transsctjo, I ;
business. A majority Of the boar 4 /
rectors voting at any one tine nj I,
required TO pass any resolution N -
any bylaws, which, when 50 mvi ,
adopted shall become valid corpcrs, 4
k9nuk
The first board Of directors Vi. 4,
hold office until the second Tuesir
February. 1923. the date Of The m
meeting of the corporation as hermit
fixed, shall consist Of: ]. c. sBmrrs
who shall be president, ISIS Stst d.
New Orleans, La; J. 7. Landairh, I
shall be yice-president. Remy, s. In
Parish. Louisiana: Joe B. Usfk 4
shall be secretary-treasurer 10 a. u
street. New Orleans. La; J. T. Gnir
$50 Olivier street, New Orleans, Ia; h
W. Henry, 1920 SOniat street Nu
leans, La.
The board Of directors. except v
inabove provided for shall be sleis /
nually at a general meeting Of tie n
holders to be held on the second Ips.
in February, 1923. and on the AN
and month in each and every annh
year thereafter, after fifteen days ID
In writing mailed to each sharehoks
his last known address appearing y
the books Of the corporation, unles I
notice is waived in writing by d
shareholders appearing as such upa
books.
Special meetings Of shareholders J
always be called by the board Of u
tors, subject to the formallties As 70 u
as hereinabove provided In regin
general meetings.
A failure, however. from any .
whatsoever. TO hold the annual M
of stockholders, or the failure
directors thereat. shall not operie
forfeiture of this charter, nor npr
corporate management, but the dl'sa
then in office shall remain In ona
shall serve until their successor .
been duly elected, qualified and irs1.
Any vacancy in the board Of efa =
from any cause whatsoever. shall y =
for the unexpired term BY the rem,
directors. And the said board q "
tors shall have power and sutnenq
make all necessary rules and resl.l
for the operation and control
business Of the corporation. a. ~
to make all necessary rules ano ~
ARTICLE VI-This set Of nNss
ton may be changed, altered o. -
or this corporation may be dlss ...'.
and with the assent Of the ~.
twO-thirds in amount Of Its t.n =
outstanding stock, at a genersl \.
convened for that purpose si's
(30) days notice in writing maiN !.
shareholders last known address
ter fifteen (15) days publication
the daily newspapers In the Cg W
Orleans. and as prescribed .! ~ -.
Whenever this corporation = 4
by limitation or otherwise, us snL 49,,
be liquidated under the sups,S Z
three commissioners to be e,sa~ I
general meeting Of sharenei'. "a,
n.nnnA e.. Ahnf nnrnnaA- uLIkL wv