The herald., 1922-08-31
CHARTER

list said stock on its books o. to regard
the holder of the certificate thereof.
ARTICLE NII-The corporate powers
of this corporation shall be vested in and
exercised by a board of directors com
posed of no less than three and no more
than seven stockholders, in the option of
the board of directors: two to constitute
a quorum in the case of three; four, in the
case of more than three.
The directors of this corporation may
vote in person or by written proxy at any
of the meetings of the board of directors :;
and the board of directors may delegate
any of its powers TO any officer or officers
or any other representative of the com
pany by appropriate resolution to that ef-
feet
The first board of directors Of this cor
poration shall be composed of the follow
ing: Alvin L. Johnson, Joseph lie"
Rhodes: John W. Hymel, Harry ID.
johnson and Edwin l.. Oliyeria, with Off
GERS as follows: Alvin L. johnson, presi-
dent; Joseph Lee Rhodes, vice-preSident :
John w. Hymel, secretary treasurer, and
they shall serve until the second WedneS-
day in January, 1923, or until their sue
ceSSOrS are elected and qualified.
The directors shall be elected annually
the second Wednesday Of January in each
year.
Notice of such meeting shall be given
ten DAYS prior to the date of the meet
ing, in writing and sent to each STOCK
holder at his last known address.
Each stakeholder shall, at such annual
meeting or other meetings, general or
special be entitled in person or by proxy
to one vote for each share of stock owned
by him.
Elections shall be held under such rules
and regulations as may from time to time
be determined by the board of directors
The directors when elected shall hold
office for one wear or until their success
sors shall have been elected and qualified
and failure to hold the annual meeting oil
stockholders or to elect annually the di-
rectOrS shall not operate the forfeiture OF
this charter or any rights Hereunder.
ARTICLE VIII-This charter or act OF
INCORPORATION may be changed modified
altered or amended and with the consent
Of twO-thirds OF all the stock present III
any meeting, general or special, held iOi
that purpose: and such amendments may
be material or immaterial subject only
TO limitations as may be by law provided
and this corporation shall have the power
to increase or decrease its capital stocF
as hereinbefore set out, ana any IN
crease in capital stock in excess of thu
amount named herein as the amount t'
which il may he increased, may be made
| by a three-fOurths vote of all outstandlnl
stock.
meetings referred to in this charter or re
quired by law, shall be given in the man
ner provided for giving notices In cast
of elections, unless the same snail nave
| been waived.
! ARTICLE Kin case of dissolution
| liquidation or termination of this char
| ter by Limitation or otherwise. the analr'
of the corporation shall be hquldated 10y
one or more liquidatOrs elected by TN
| stockholders, who may provide the mum
Der of said liquidatOrs. and vest then
with such power and authority as may by
| law be permitted: fix the terms and con
ditionS upon which they shall serve. anC
their compensation, and provide that IL
ease of death or disability of any one f.
said liquidators, the remaining liquidator,
! may fill the vacancy or continue TO ac
on behalf of the corporation.
| ARTICLE XI-No stakeholder shall b'
liable or responsible for any costs. con
| tracts, debts or faults of the corporation
or of any of its officers, nor shall an!
mere infOrmality in organization nave th'
effect of rendering this charter null ant
void or of exposing any stockholders L
due on the stock held by him.
| ARTICLE XII-The subscribers hereto
have written opposite their names IN
number of shares subscribed by each
them, and their post office addresses, 81
that this charter may serve as the SUB
ScriptiOn list of the corporation; al! o
which subscriptions are payable in IN
manner and form set out herein.
| Thus done and passed at my Office II
the City of New Orleans, on the day AM
in the month and year herein first abov
written, and in the presence of III. l.. Bar
nett and Paul +. Chasez, competent VII
nesses. who have hereuntO signed thei
names with the said appearers and me
notary, after reading of the whole.
| Witnesses: II. l.. Barnett, Paul
| ChaseZ.
| ORIGINAL SIGNED)
| Names of subscribers omitted.
(SeaD: WILLIAM J. GUSTE,
| Notary Publ,
Recorded Parish of Orleans, NJ. o. /
1868, folio -.
| 4 true copy: -
| (SeaD: WILLIAM j. GCSIE,
Aup 2-Sent z