The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-14
CHARTER.

a quorum for the transaction of bust
ness. The board of directors shall have
the power, by a vote of not less than
two-thirds of all directors. to sell al
or any part of the property. movable
and immovable, belonging to the corpo-
ration. or to receive in exchange there
for money or stocks or bonds, or other
obligations of another individual, firm
or corporation of any character. with
out referring to the shareholders fol-
power to do so. At any meeting of the
board of directors, any director absent
from the meeting may be represented
by any other director, who may cast
the vote of the absent director accord
ing to the written instructions either
general or special of said absent di-
rector. Until the annual meeting OF
1928, the board of directors shall con-
sist of the following: Robert II. Down
Charles Avenue. New Orleans La: J.
Blanc Monroe. 1924 Louisiana Avenue
New Orleans. La; Thomas Stark Thibo-
deaux. Louisiana: Jesse w. McWilliam,
a5lS Chestnut Street, New Orleans
Louisiana and J. Fallon Wigginton. 1893
Calhoun Street. New Orleans Of the
foregoing Robert II. bowman shall be
president: Thomas Stark. vice-presi-
dent and Jesse w. McWilliams, secre-
tary-treasurer.
ARTICLE VI-This act of incorpora-
ton may be changed modified or
amended. or this corporation may be
dissolved in the manner provided by
law by vote of two-thirds of the en-
oire outstanding capital stock, present
OF represented. at a general meeting
or the stockholders convened for such
purpose, after previous notice shall
nave been given in ne manner above
Tequlred TO be given of the annual meet
ing or the corporation. The capital
stock OF the corporation my be in
creased or decreased by proceedings
IN accordance with the laws of the
State of Louisiana
ARTICLE Wifi this corporation
o orit fro De dlsso!ved, either by limitation
or from any other cause its affairs
snail be liQuidated by three (3( COM
iiIlIsslohers TO be appointed at a meet
ing or stockholders convened for tho
purpose OF liquidation, and to be elected
Dy vote of all the stockholders said
nquidators shall remain in Office untii III
dlldlrS or said corporation shall have
Deeh 1uliy settled and liquidated. and
.hey snail have full power and au-
tbo Thy nyo 10 transfer and give title to all
tne property and assets of the CorDo-
Ta'loh. ana to distribute the proceeds
IN case or death, disability, or resipna-
1ion OF one or more liquidators. the va
sancy snail be filled by the survivor or
ARTICLE VIII-No stockhoIder shall
ever De held liable or Responsible for
sne contracts or faults of said cornora-
non IN any further sum than the unnaid
-, Nuc ol lHe SndreS of stock
00Wned by MIN, nor shall any mere in
humanity In organization have the Of
rect or rendering this Charter nnII ar
pt exposing any stakeholder TO any liza
stock uue On MS
ARTICLE IN-There is annexed bara-
70 an accurate, detailed and itemizad
u iption OF certain property. being
certain leases or sub-leases of lands or
rights in the Parishes of 81
haTl"S st James, ASSUMPTION 81
oun me baptist and LafOurche which
are 10 be conveyed TO the corna-
mons for nine thousand three bnnd-aI 70
~ seven 1897 shares of its capitaI stool
showing the amount. location. extept
SnaIacrer, and state of Improvement az
saIu property, together with a Stata-
Lheht or the value of the said leases as
appraised by the directors of this CO.
poratlon. And, in order that this cbar-
yer may serve as the original subscrin-
i t.GH INST the subscribers hereto have
Indlcated opposite their reSnacti,
subscribed for by each of them 9'o'N
Thus done ana passed. in nv of,;oo
at the City Of New Orleans J9uis;a'
Oil tne day' month and year first aboye
written, In the presence of Nellie nh
Ion ana Shirley Hoffman comnatan+
witnesses, who have hereupto s,,I
scrlDed their names. together with me
lct5ry, and said appearers, after dne
reading of the whole uue
ORIGINAL SIGNEDl
lNames of subscribers on,itteaA
man. surrey Hoff-
(seaD WATTS X. LEvERIcH.
Aue 1-c,. ., Notary Public