The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-20
CHARTER.

/ 3. Immediately, or as soon as practi-
| cable after each annual election, the di-
rectors shall elect from their own num-
! Der, the president and the ce-president
and shall also elect the secretary treas
urer.
T. The names and post Office addresses
of the first board of directors are as FOL
lows: Bishop c. Perkins, 203 n. Peters
St, to serve three 90 years; Lewis y.
| SherCk, 233 n. Peters St, to serve three
| 90 years; Emile A. RainOld, 3Ol \. Front
! St, to serve three 90 years Philip h.
Vallee, 2O4 Decatur St, to serve two 90
| years; Charles L. Fenner, SIS Gravier St,
to serve two (2) years; John BertOniere,
1920 Whitney Bldg, to serve one Sl) year :
JOS. G. LeBOurgeOis, 1913 CarOndelet Bldg.
| to serve one CD year. Emile y. RalnOld,
| shall be president; Charles T. Fenner
shall be vice president; and John j. Shee-
| han, New Orleans La, shall be secretary
| treasurer.
Said officers and directors shall hold
! office until their successors are elected
| and qualified and the failure to hold the
| annual meeting and elect directors, shall
| not affect this cooperation nor impair It's
| management in any respect, but the di-
| reCtOrS and officers in Ogice shall con
| tinue until their successors are elected.
| ). All vacancies i'll the board of direc-
| tors may be filled for the uneXpired term
by the remaining directors.
| g. The board of directors may make,
amend or repeal all by laws, rules or
! regulations, which they deem proper, for
the regulation of the corporation. All
! transactions between the corporation ana
| it's stockholders shall be conducted in ac-
cOrdanCe with such bylaws and shall be
deemed to have been entered into subject
! to all the provisions thereof.
I. All elections by the stOcKholders
| shall be by ballot, at the office of the
company, in accordance with such regula-
tiOns as the board of directors may de
| termine, and at every such election ana
| at all meetings of the stockholders, each
l.h Of ~ no
vote, to be cast by the registered owner
or by his agent or representative by writ
ten proxy.
ARTICLE VII. This act of incOrpOr-
alton may be modified, changed or al
tered, or said corporation may be dis
| solved, with the assent of twO-thirdS of
the capital stock outstanding at meet
ing of the stockholders convened for tina
| purpose. and after fifteen days written no
tice has been delivered in person or given
| by letter mailed to the last known adj
dress of each stakeholder. The said no
the may be waived by the unanimous
consent of all the stockholders.
y In case of the dissolution of the cor
poration. its affairs shall be liquidated by
one or more liquidatOrs elected by the
majority vote of the stockholders. with
such powers compensation and duties as
! the stockholders may determine.
ARTICLE Vino stakeholder shall
ever be held liable for the faults or CON
| tracts of this corporation in any further
sum than the unpaid balance due TO the
corporation on the shares subscribed by
him, nor shall any mere infOrmallty IN
organization have the effect rendering this
| charter null or of exposing any stock
holder to any liability beyond the unpaid
balance on his stock.
ARTICLE VIU-NO stakeholder in the
! corporation shall hld more than one
share Of stock. If a stakeholder be in
dcbted to the corporation, the directors
may refuse to consent to transfer OF
his stock until such indebtedness is paid.
If any stakeholder is a member of part
! nerShip, more than one member OF which
shall be stockholders of the corporation.
| such members of such partnerships shall
combined shares. Dividends in excess of
| six per cent (6Go) in any one calendar
hyear shall not be declared or paid
! ARTICLE IX-The corporation may
purchase shares of its own stock, paying
for the same out OF the surplus profits
and not otherwise. Such stock may be
reSOld for such price, not less than par
as the directors may fix. The corpora
ton shall have the preferential option To
purchase at par. the stock of any stock
holder desiring to sell the same. and the
option or right to purchase at par The
stock of any stOckholder who Is not, OF
shall cease to lie. Clearing Member,
in accordance with the definition of =
Clearing Member" contained in the by
laws In case of the death of stock
holder, the corporation shall have the
option to purchase his stock at par from
his executors or administrators. Suci
option to purchase may be exercised by
the corporation within ten (l0) days after
| il shall receive notice in writing OF tn
stockholders desire to sell his stock, oil
whenever the stakeholder shall not be q
Clearing Member" or sixty (6O) days
after notice is writing of the appointment
and qualification of his executors o
! administrators.
ARTICLE x-The subscribers hereto
hsaWTa cot .NNF rfN ron nnGNN Nhna
names the amount of stock subscribed by
them in this corporation, SO that thi
act of incorporation may also serve al
the original subscription list of the cor
pOratiOn, and they have stated their pos
office addresses SO as to conform with Ac
267 of 1914.
: Thus done and passed at my office il
the city of New Orleans, state of Louis
ana. on the day. month and year hereiI
first above written in the presence of
f. whitehead and Russell Pool, competent
} witnesses of the full age of majority ant
residing in this city, who have hereunt'
signed their names with said appearer'
and me. notary, after due reading of thu
whole.
Original signed):
f. A. Rainold, 3O1 N. Front St. share
Lewis A. Scherck. 233 N. Peters St,
share: p. f. Vaiiee. 204 Decatur St.
share; Chas. f. Fenner. S1S Gravier st.
; share; J. c. LeBourgeois. CarOndele
Bldg, l share; G. POche Waguespack
227 N. Peters St, share; John Der
tionere, Whitney Bank Bldg, l share
II. NJ. Murphy, 301 N Front St, share
Witnesses: b. Il. Whitehead, Russell
Pool. -
CHARLES ROSEN.
Notary Public.
New Orleans. La, June 80. 1922.
i, the undersigned Recorder of Mort
cages in and for the Parish of Orlean:
State of Louisiana. do hereby certify tina
the above and foregoing Act of Incorpora
: ton, was this day duly recorded in IN!
: office in Book No. 1868, Folio =. New
Orleans, June 80, 1922
= (Signed), ROBT. SCOTT
Recorder of Mortgages.
hereby certify that the above an'
foregoing is a true and correct copy o
the original thereof on file and of record
in my office in this city.
Witness my signature and official sea
at New Orleans, La, this Both day o.
{ June 1922.
CHARLES ROSEN,
Notary Public.
e July g. Aug10.
7 CHARTER OF JAMES r. TURNBULL