The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-08
CHARTER.
par in payment for property actually
received

received.
ARTICLE vI-This corporation shall
begin business and be going concern
as soon as twelve thousand five hun
dred dollars of stock shall have been
subscribed for. Said capital stock may
be increased up to the sum of twenty
| five thousand dollars in any manner
provided for by the laws OF this state,
! and whenever an increase of said capt.
| tai stock shall have been authorized
/ fifteen days written notice shall be
given to each stockholder within which
| time the present stockholders in the
corporation shall have the right TO
subscribe to the said increase of stock
| in proportion to the number OF shares
| of stock held by them, and which shares
! shall be paid for at such time and in
/ such manner as the board OF directors
. may direct After the expiration of
the said subscription and payment, the
/ board of directors may dispose of the
shares not taken for the benefit OF the
/ corporation. in such manner as they
may think proper, at not less than par.
ARTICE VII-All transfers of stock
shall be made on the books of the cor
poration by suTrendering the certifi-
/ cate thereof to the presiding officer
who shall write the word Cancelled
prominently across the face thereof,
and erase the presidents signature
therefrom before issuing new ceru-
ficate.
ARTICLE VIII-At all elections by.
or meetings of, the stockholders, each
] snare SNAIL DE tINllNth " cllc N'N'' W
Ice east either by the person in whose
name the stock appears on the books OF
this corporation at the time of the
voting, or by an attorney holdlhg the
: | said stockholders written proxy.
ARTICLE IX-The business and cor
porate affairs of this corporation shall
Ice transacted by a board of directors
of not less than three directors, nor
f more than five directors, to be com
! posed of stockholders thereof, and they,
and each of them shall be elected al
a meeting to he held for that purpose
: Any vacancies in the board of directors
: SO elected shall be filled by the said
a board of directors. Fred j. Allen, l.
=. W. Allen and f. y. Didalgo. all resi-
4 dents of the City of New Orleans. La.
{ shall constitute the first board of dl
rectors. and shall hold office until the
! third Monday in January. 1928. or un
= til their successors are elected an'
i qualified. and each subsequent boar,
. 1 shall have their seats immediately 1oI
~ | lowing the election, or as soon there
: after as practicable, and shall hol,
; their office until their successors shall
! have been elected and qualified. The
:, directors hereinabOve named shall cleo
N | their own officers. The stockholders
A may at any time appoint the TWO addl
: tional directors provided for IN tnl
charter to serve concurrently with Tn
| other directors herein named. ON tn
Z third Monday in January. 1928. am
u annually thereafter. an election 10
J. directors by the stockholders shall b
after fifteen days notice thereof shall
n have been given by notice mailed L
e each stakeholder at his last known al
= dress. Every board of directors shalI
e AT its first meeting after its election
l. or as soon thereafter as practicabl,
y elect from their own number presl
r dent. Vice-president and a treasurer
1t The board of directors shall also cleo
e a secretary who may, or may not,
* a member OF the board The oftlce o
l. the secretary and treasurer may b
q 4 . CON
Or the discretion of the board. y failur
id to elect directors on the date aboN
* specified shall not dissolve the col
poration hut the then existing boar
- of directors shall continue i'll offlC
II until their successors are elected. FL
rs teen days prior notice shall he give
81 in the manner hereinaboye provide
which notice. shall be fun and con
90 plete notice to all stockholders of sue
of meeting. Any director shall have u
81 right to be represented at any meeIi
ID of the board of directors OF TINS CO
nj poration by an attorney holding the q
r. rector's written proxy. The maJorl
CT of the members of the said board
n directors shall constitute a quorum Il
no the transaction and management OF q
business of said corporation. Tit
may make such bylaws. rules al
" regulations as they think proper I
nd the transaction of the business al
a affairs of said corporation.
" ARTICLE X-This act of incorpor
u.s. ton may be changed, modified or Z
"a tered. or said corporation may be Oh
ma solved with the assent OF three-lourl
of the amount of present or represent
On. at any general meeting of the stoc
! holders of said corporation, conNeh
ic for that purpose, after previous notl
given in the manner herelnaboNe
forth in Article TX. But any ana
ic | meetings of stockholders, whether l
TT the purpose of liquidation or for a
ms. purpose may be held at any time VIII
ify out notice by unanimous consent
of Ill filed in writing DN I
RS, secretary.
my ARTICLE XI-No stockholders sh
ever he liable for the contracts or 1Su
of this corporation in any further" 81
than the unpaid balance due the CO
er' pany on the shares owned by or 81
scribed for by him; nor shall any
= formality in the organization nave
effect of rendering this charter nj
or of exposing the stockholders 10
Or liability.
IT ARTICLE XII-Whenever this corr
ms ration is dissolved, either by limitatl
ora or from any other cause. its ara
~ shall be liquidated under the super
un- chosen for that purpose by tnr
pm fourth in amount of the stockholu
pm present or represented at a gene
the meeting of stockholders at which
Or election is held. Said commission
-es shall remain in office until the ara
he9 of said corporation snail nave %
anu fully liquidated. In case OF the de
%
nat or inability to act, the remaining &C
GU missioners shall continue TO act
ma shall elect another stockholder IN
'ra- place and stead of the commlsslo
ecu, who has ceased to act.
nS This said charter shah serve as
- original subscription list, the S
onr scribers hereto having set oppo
90 their respective names the number
ons shares of stock for which they n
subscribed.
nor Thus done and signed in my. OF
~, in the city of New Orleans, on the
, =; month and year first above written
t.. the presence of G. j. Estopinal anC
80 T. Davilla, competent witnesses, re
o ing in this Parish, who hereunto
r, their names with the said appea
io'' and me. notary after due reading
this the whole.
New (Signed):
|, he Allen, $50 shares; F. \. Hidalgo.
Co. shares; c. ]. Estopinal, 5: T. DaV
e or Notarv PublI
or 7 the undersigned Recorder of
tne cages. in and for the parish OF
VI leans. State of Louisiana, do ne
certify that the above and foreg
pu un Act of Incorporation OF the Free
We Allen Company. Inc, was TINS
JUS duly recorded in my office In
ieie 1868. Folio 297.
~ New Orleans, May 2, 1922.
al ISignedC ROB'T. SCOTT,
sell Deputy Record
lrac- A., sors,orad Notary Publ,
Snta- .ho CIV NJ New Orleans,