The herald., 1922-09-21
CHARTER.

Any director, unable for any reason to
act or be present at q meeting may give
his proxy to any other director to act in
his place and stead.
The board Of directors shall have, and
at all times exercise, the whole corporate
power (when ratified by majority of the
stockholders, including the power to
lease, sell, mortgage or convey any part
of the operating plant of the corporation
or the real property upon which II is SIT
uated, either in whole or in part; 10 trans
fer the assets of the corporation as a
whole and TO merge the said corporation
with any other corporation, directly or
indirectly and to receive in payment OF
any such lease, sale. mortgage. transfer.
or merger, the full paid certificates OF
stock of any such corporation, ana 10
distribute said fully paid certificates OF
stock to the stockholders of this corpora
ton in the proportion of their holdings
herein at the time of the contamination
of such transaction TO issue shares OF
stock up TO the amount to which. under
this charter the stock may be increased.
provided the total proposed increase shall
be read at one meeting and laid over for
action ut the next meeting of the board
of directors Before il is adopted; and, ON
such action. the new stock shall be first
offered To the existing stockholders in the
proportion of their several holdings with
thirty days privilege TO pay for the same
before any stock is stfered for sale, or
The board is given authority to fix
salaries and to change the same at plea
sure.
The board of directors shall be elected
Immediately after the execution of this
charter, without notice or other formality.
The board thus elected shall serve for one
year. or until the first Monday of Sep
TENDER. 1923, and thereafter. or until its
successor is elected and qualified.
At the expiration of the term of office
herein fixed for the first board. the board
of directors shall be elected at Il meeting
of the stockholders TO be held in the City
of New Orleans, annually. on the first
Monday of September in each year. at
which meeting any matter of interest to
the corporation may be discussed and de-
previous notice.
ARTICLE VI.-The elections for board
of directors, as the other acts of stock
holders, shall he determined by a vote of
the majority of the stock present and re-
presented. either in person or by proxy. at
such meetings, unless otherwise required
by law. Fifteen days notice of all meet
ings of stockholders shall be sent To the
last known pOstofiice address of the stock
holder, and the stakeholder shall record
his pOStOttce address with the secretary
of the company. In the event Of his fail
IRE TO do so, a notice addressed to the
stakeholder at New Orleans. Louisiana
and deposited in the pOstoffice at New
notice to the stakeholder aforesaid
ARTICLE Vino stakeholder shall
ever be held liable or responsible for the
contracts or faults of the corporation in
any further sum than the unpaid balance
due the company on the shares of stock
owned by him. nor shall any mere infor-
mality in organization have the effect of
rendering this charter null or of subject
ing any stockhOlder to any liability be-
vond the unpaid balance due by him
aptn of
tion may be changed, modified, altered or
the capital stock increased or decreased
in the manner prescribed by law, n: gen
eral meeting convened for that purpose.
after fifteen days notice mailed by the
secretary and treasurer. or the secretary,
as hereinbefOre set forth, or delivered by
him in person.
ARTICLE IN-Whenever this corpor-
alton j. dissolved, either by limitation or
from any other cause. its affairs shall be
liquidated by two commissioners selected
from the stockholders at general or a
special meeting of the stockholders, after
fifteen days written notice by the secre-
tary, rs above set forth. or delivery by
the said secretary in person. the said com
miSSionerS to be chosen by majority of
the vote of the stock cast at said meeting
by the owners thereof as they appear on
the books of the company, at the date of
the said meeting. in person or by proxy.
each share of stock to be entitled TO one
vote.
Thus done and passed in my Office. in
the City of New Orleans. aforesaid on
the day, month and year herein first above
written. in the presence of Messieurs Eu-
gene Stanley and John Hickey. both com
pet"nt witnesses, of lawful age. residing
in this city. who hereuntO sign their
names together with the said appearers
and me. Notary, after due reading OF these
presents.
Original signed) James p. williams,
1881 Nelson St. 80 shares. 500 per share,
$4,000: Francis b. Usina. 1886 Prytana
St. % shares. 800 per share. $500: Ed
mund Il. Usina. 1885 Prytania St. -
shares, 500 per share. $500
A. ID. HENRIQCES. JR.
Notary Public
Witnesses: Eugene Stanley, John
Hickey.
/, the undersigned Recorder Of Mort
cages. in and for the Parish of Orleans
State of Louisiana. do hereby certify that
the above and foregoing Act of incorpora-
ton of the James =. Williams. Incorpor-
ated was this day duly recorded in my
office. in Book 1868, Folio 500
New Orleans, La. August 18th. 1922
(Signed) ROBT. SCOTT.
Deputy Recorder.
\ true copy:
(SeaD A. d. HENRIQUES, Jr..
Notary Public.