The herald., 1922-02-16
CHARTER.

this corporation Is hereby declared TO
be the sum of Fifty Thousand Dollars
t5OO) shares of One Hundred Dollars
(SlO000D each, and the amount of each
share shall be paid for in accordance
with law. The capital stock OF this
corporation may be subsequently in
creased to One Hundred Thousand Dol.
lars $500 600 OOD.
Full paid capital stock of this cOrpor.
alton may be issued in settlement a.
acquired by the corporation when same
shall first have been appraised by the
Board of Directors of the corporation, as
provided by law.
As the capital stock Of this corpora
ton subscribed for is to be paid for by
the conveyance to the corporation OF
merchandise and other articles of value
there is annexed to these articles of in
corporation to be read in connection
Herewith, an accurate, detailed and item
lied description OF such property az to
amount, location, extent, character and
state of Improvement, together with a
statement of its value as appraised by
the Board of Directors of this corpor-
alton.
ARTICLE V. The corporate powers Of
this corporation shall be vested in a
! Board of Directors to be composed OF
| three directors two of whom shall con
! stitutc n quorum for the transaction Of
business. to be elected by the stoCkhold-
! ers at general meeting TO be held on
| the fourth Thursday in January Of each
year; provided, that there shall be no
| such election in the year 1922.
| At all meetings for the elections Of
| this corporation, each stakeholder shall
/ he entitled to one vote for each share
of stock standing in his name on the
| books of the company, which vote shall
| he cast in person or by proxy.
| The Board of Directors shall have the
power to make all bylaws, rules and reg
ulations necessary for the conduct of the
| business affairs of said corporation; and
| they shall elect from their number a
| President. Vice President, and Secretary
| Treasurer.
| Until the election to be held as here
Inabove provided the following shall con
| stitute the first Board of Directors: Geo
| l.. Ducros. Robert DucroS and Sidney j.
| Ducros. with George l.. DucrOs as Pres
| ident, Robert Ducros as Vice President,
and Sidney j. Ducros as Secretary
! Treasurer.
| ARTICLE VI. The capital stock OF
| this corporation may be increased de-
| creased at any time in accordance with
the laws of this State. This charter may
corporation dissolved by a vote of two
| thirds of the stockholders, voting by
shares at a meeting convened for that
purpose, after fifteen days previous per,
| sOnal notice or such notice that may be
required by law, of such meeting shall
have been given.
| ARTICLE VII. No stockhOldeL of this
| corporation shall ever be held liable for
any of the Indebtedness, contracts or
faults thereof, in any further sum rhan
| the unpaid balance due the corporation
| on the shares owned by him, nor shall
| any informality in the organization have
| the effect of rendering this charter hull,
| or of exposing shareholder TO any liza
ARTICLE VIII. 4 failure at any time
| to hold meeting or elect directors or
officers as herein provided, shall not work
a forfeiture of this charter or dissolve
| the corporation, but the existing Board
| of Directors and officers shall continue
| in office until their successors in office
have been elected.
! ARTICLE IN. At the expiration of
this charter, unless sooner dissolved, its
| affairs shall be liquidated by one or more
commissioners to be appointed by the
| stockholders in meeting. assembled for
| that purpose, and who are invested with
| full power to sell all the assets ana prop
| erty, real and personal, of this corpora
| ton, and to convey a full and complete
| title thereto, and to do and perform all
acts essential to a full and complete liq
uidation of the affairs of this corporation
and to divide the proceeds, if any, in
| accordance with law.
Thus done and passed at my office in
the City Of New Orleans, Louisiana. or
the day and in the month and year first
hereinabOve written. in the presence OF
|
petent witnesses, whose names are here
unto subscribed as such, together will
the said appearers and me, Notary, after
reading of the whole.
names of subscribers omitted)
| Witnesses:
RENE A. VIOSCA,
MURIEL SAXON.
EDW. HASPEL.
Notary Public.
I. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certif,
that the above and foregoing act of in
corporation of the SOUTHERN TILL
co, INC. was this day recorded in IN,
office in book 1868, folio =.
New Orleans Jan. 90 1922.
(SignedD ROBT SCOTT,
Deputy Recorder.
A True Copy.
| EDW. HASPEL.
Notary Public.
JAN 0-Mch