The herald. [volume] (New Orleans, La.) 1905-1953, 1922-10-05
fHE HERAED, AEGiEKS, LOUISIANA
CHARTER.

| ing to the other stockholders through
| the Board of Directors at a price nov
/ exceeding the book value thereof, ahu
| the stockholders shall have an option
and first right to purchase all the shares
| of stock to be thus disposed OF by lhe
death. resignation or otherwise OF au!
| of the stockholders of the corporation
and shall have a period of ten days IN
| which to accept or decline such offer "l
| stock Should the Board of directors
| or the stockholders decline to purchase
! the said stock, then the StoCkhoId'r %,
| stockholders who made the offer 10 sen
| or otherwise dispose of this stock may
sell or otherwise dispose of IT in any man
urr and ut any price that ne or ihCN
may see fit. But each share OF STOCK j.
! issued under the condition anu uhurT
! Standing that no stakeholder shall make
| a sale or transfer of his stock IN VIOLA
ton of this provision, ANA Such Na' OF
| transfer if made, shall be Noid' anu lilN
! company shall be- under no obligation
! to list said stock on its books or To Re
| gard the holder of the certificate thereof
| ARTICLE VII-Thc corporate powers
| of this corporation shall be vested IN anu
| exercised by board of three directors
| two of whom shall constitute quorum
The directors Of this corporation may
vote in person or by written proxy AT any
of the meetings of the board OF director, :
and the board of directors may delegate
any of its powers to any officer or OH
,rrS or any other representative OF me
company by appropriate resolution 10 that
effect.
The first board Of directors of this cor
poratiOn shall be composed of the f"l'
| lowing: Edward Alba, Oswald Aida
. | Charles Alba. with officers as follows
Edward Alba, president; Oswald Alha
, | vice president; Charles Alba. secretary
treasurer. and they shall serve untl IN,
. second Monday of January, 1875, or untlI
their SUCCESSORS are elected and qualih"d
The directors shall be elected annually
the second Monday of January OF cacl
year.
/ Notice of such meeting shall be Giver
ten DAYS prior to the date of the meet
ing. in writing and sent to each stock
y holder at his last known address.
- Each stakeholder shall at such annua
q meeting or other meetings, general %
special, be entitled in person or by pr"N!
. to one vote for each share oil STOCK o"h''
: by him.
n Elections shall be held under such rule
4 and regulations as may from time 10 TIM
: be determined by the board OF directors
20 The directors when elected shall hOl'
r office for one year or until their success
+ snrs shall have been elected and qualified
and failure to hold the annual meeting o
, stockholders or to elect annually the I'll
n | rprtorS shall not operate the forfeiture
Fl" this charter or any rights Hereunder.
II ARTICLE VIII-This charter or act o
If incorporation may be changed, INQUIRED
p altered or amended by and with the con
/ sent Of twu-thirds of all the stock prtS"n
l. 1T any meeting, general or special, heI
h for that purpose; and such amehul1thl
n may be material or immaterlal SubJ''
only to limitations as may be by law pro
vided: and this corporation shall nave IN
mower to increase or decrease ITS caplt'
; stock herinbefore set out ana any ~ ~
T. crease in capital stock in excess OF III
a. amount named herein as the amount
(which il may be increased, may De mau
by a three-fourths vote OF all OutSIahuln
o stock.
c. ARTICLE IN-Notice of any and a
oil meetings referred to in this charter
e REQUIRED by law, shall be given In u
IL manner provided for giving notices
az case of elections, unless the same Sha
have been waived
NJ ARTICLE Kin case Of disSolutio
IN foundation or termination of this cha
ter bv Limitation or otherwise, the a
fairs of the corporation shall be liquldat,
by one or more Hquidators elected Dy u
IS stockholders, who may provide the hul
a Der of said liquidators, and vest the
lal with such power and authority as Hi
NJ by law be permitted; fix the terms al
tie conditions upon which they snail stIN
,eS and their compensation, ana proNlue III
i'm case of death or disability OF any q
of said liqiudatOrs, the remaining hqt
dators may ill the vacancy or contln
lie. TO act on behalf of the corporation
ARTICLE XI-NO stockhOldbr 81;
be liable or responsible for any COS
OF ton, or of any of its officers, nor sh
ew any mere infOrmality in organlzatl
LIST have the effect of rendering this chart
he null and void or of exposing any stOC
inc holders to any liability beyond the u
In paid balance due on the stock held
OF him.
ty- ARTICLE XII-The subscribers her'
a have written opposite their names
md number of shares subscribed by each
ms, them and their post office addresses,
md that this charter may serve as the ST
ose scriptiOn list of the corporation; all
AL which subscriptions are payable In
Dns manner and form set out herein.
all Thus done and passed at my ONCE
me, the city of New Orleans, on the day a
the in the month and year herein hrst ab'
nj written. and in the presence OF VIM. y
We son Smith. Jr., and Paul Il. Chasez co
nts petent witnesses, who have hereu
I'M signed their names with the said
ons bearers and me, notary, after reading
18th the whole. .
OBJ Witnesses: VIM. Mason Smith, Jr., p
cles +. Chasez.
hey ORIGINAL SIGNED)
Names of subscribers omittedD
ma WILLIAM j. GUSTE
pa "a Notary Pub
ave Recorded in Parish Of Orleans, VI.
Iioy Il. 1873, folio -.
aty- A true copy: ,..,,,,,
,ner (SeaD WILLIAM }. GUST
~ Notary Pub
and Sept 14-Oct. 10.