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

of stockholders: and the board shall fix
the salaries of the officers agents and
employees. At any meeting of the board
of directors, any director absent from the
meeting may be represented by any other
director who may east the vote of the alb
sent director according to the written in
structions, either general or special, oil
said absent director The board of direc-
tors shall have authority to make and es-
tablish, as well as alter and amend. all
bylaws. rules and regulations necessary
and proper for the support and manage
ment of the business and affairs of this
corporation and not inconsistent with
this charter; and they shall have power
to authorize the borrowing of money and
the issuance of notes and the execution
of pledges and mortgages ana geherally
To do all things necessary or conVenlen,
for the proper carrying on of the bust
ness of the corporation.
Until a general meeting of the stock
holders for election of directors to be held
in 1928 or until their duly qualified sue
ceSSors are elected and installed, the
board of directors shall be composed OF
the following: VIM. Pierce O'Neal care Ma
rine Bank * Trust Co. Gravier and Ca
rondelet Streets. New Orleans, La; Ed
mund f. Leovy. care whitney Central Ma
tiOnal Bank, Grayier and st. Charles
streets, New Orleans, La; Clinton +.
Niebergall care Canal Commercial Trust
and Savings Bank, Common and Saron-
delet Streets. New Orleans, La. OF the
foregoing directors VIM. Pierce O'Neal
shall be president; Edmund T. LeOvy.
shall be vice president, and Clinton L.
Nirbcrgall shall be secretary treasurer.
ARTICLE EI-ThiS act of incorporation
may be changed, modified or amended, or
the corporation dissolved by a vote of
two thirds of the entire capital stock
present or represented at a general meet
ing of the stockholders convened for such
purpose, after previous notice shall have
been given in the manner above required
ia be given of the annual meeting of the
corporation.
ARTICLE Wifi this corporation shall
by dissolved. either by limitation or from
any other cause, it's affairs shall be liqui-
dated by three commissioners to be ap-
pointed at the meeting of stockholders
for the purpose of liquidation.
and to be elected by the vote of all the
stockholders voting upon parity. Said
liquidators shall remain in office until the
affairs of the corporation shall have been
fully settled and lquidated, and they shall
have full power and authority TO transfer
and give title to all the property and as
sets of the corporation and to distribute
the proceeds. In case of death. disability
or resignation of one liquidator, the va
cancy shall be filled by the survivor.
ARTICLE NIII-NO stakeholder shall
ever be held liable or responsible for the
or faults of said corporation in
any further sum than the unpaid balance
due on the shares of stock owned by him.
nor shall any mere infOrmality in organi-
charter null OF of exposing any stock
holder to any liability beyond the unpaid
balance due his stock.
In order that this charter may serve
as the original subscription list, the sub
scribers hereto have indicated opposite
their respective signatures the number
Of shares of stock subscribed for by each
Of them.
Thus done and passed at my Office in
the City of New Orleans, on the day, month
and year first hereinabove written in the
presence of George Perez and n. wilkins.
Competent witnesses. who have signed here
to together with said appearers and me.
notary, after due reading of the whole.
witnesses: George Perez. y. wilkins.
names of subscribers omitted)
tSeaD: WATTS h. LEVERICH
, A.. Notary Public
(SeaD: WATTS X. LEyERICH
Notary Public