The herald., 1922-02-23
CHARTER.

its membership a President and Treas
urer and a Vice president; it shall also
appoint a Secretary, who need not out
may be either stOckholder or director
and shall from time to time, as IL sees
fit, appoint or employ such other en-
ployeS as il shall deem necessary. The
Board of Directors shall have full power
and authority to fix the salaries OF all
officers and of all such other employees
as it may deem necessary, and make and
establish, as well as to alter and amend
all bylaws, rules and regulations neces.
sary and proper for the conduct and
management of the business and affairs
Of this corporation not inconsistent with
this charter; it shall also have full
power and authority to do all acts and
things reasonably necessary for the
proper carrying on of the business OF
this corporation, and to carry out the
objects and purposes for which this cor
p~oration is organized, including the Dor
rowing of money necessary for the ordt-
nary business operation of this corpora
ton, and through the President or some
other duly authorized person or persons
10 execute and issue therefor notes or
other obligations of this corporation on
such terms as in its judgment may be
advantageous; it shall also have full
power and authority to issue and deliver
full paid shares of stock of this cOrpOr-
alton for money, labor, services, property
or rights actually received by this cor
poration, and to fill all vacancies that
may occur in its membership. A ma
j0rity of the directors present. either in
person or by proxy, shall constitute a
quorum for the TRANSACTION Of any bust
ness, and at any meeting OF the Board
any director absent therefrom may be
represented by proxy.
ARTICLE VII. Until the first annual
election for directors TO be held under
this charter, or until their duly qualified
successort are elected and installed, the
Board OF Directors of this corporation
shall be composed of: James T. Stock.
ton, Jr, whose postoffce address is 2S2S
State Street, New Orleans, La: Joseph
w. Allen, whose pOstofice address is
1908 Octavia Street. New Orleans. La.
and Thelma NJ. Nelson, whose postOfhce
address is 3710 Constance street, New
orleans. La, with James L. Stockton. Jr.,
as President and Treasurer, Joseph w.
Allen as Vice-President, and Thelma. NJ.
Nelson as Secretary.
ARTICLE VIII. This charter may be
amended and the capital stock of this
creased, or this corporation may be dis
solved and its affairs liquidated in the
method and manner provided by law as
now or hereafter in force.
ARTICLE IN. No stakeholder Of this
corporation shall ever be held liable or
responsible for the contracts or faults of
this corporation in any further sum than
the unpaid balance on the stock for which
Re has subscribed, nor shall any mere
infOrmality in organization have the
N'A' hbN vi
OF exposing a stakeholder to any liability
other than as above provided.
Thus done and passed in my office at
the City of New Orleans, La, on the day,
month and year first above written. in
the presence of Irving r.. Saal and Chloe
Gallmann, competent witnesses, who here
unto subscribe their names with said
appearers and me. Notary, after due read
ing of the whole.
THELMA NJ. NELSON,
$40 Constance ST.,
Two shares.
JAMES Il. STOCKTON, JR.,
2S2S State St,
FOrty-four shares.
JOSEPH W. ALLEN,
1903 Octavia ST.,
Fourteen shares.
Witnesses:
i. r. SAAL,
CHLOE GALLMANN.
r. II. SAAL. =
Notary Public.
1, the undersigned Recorder of Mort.
cages in and for the Parish of Orleans
State of Louisiana, do hereby certify tina,
the above and foregoing Act of Incorpor
alton of STOCKTON-ALLEN, INC. wa,
TINS day duly recorded in nv office IN
book 1868, folio 500.
New Orleans, Dec. 81. 1921.
A True Copy of the Original.
New Orleans, La, Jan. Is. 1922.
r. II. SAAL.
yo, IN r.. =, Notary Public.