The herald., 1922-05-18
THE HERALD, ALGIERS, LOUISIANA
CHARTER.

individual security or pledges OF per
sOnal property, or upon mortgages Oh
/ real estate or any other security; to sci
! and dispose OF any. and all OF its prop
/ crty at any time for cash or on credit
! upon terms to be approved by its Board
| of Directors, and to mortgage or pledge
! any or all of its property Tor the pur
! pose of raising funds for carrying OF
! its business or enterprises, and gcncf
| ally to do any and all things german'
/ to the purposes for which the said cor
! pUratiOn is organized, and the enumer
alton of special authorities and power:
granted to the said corporation, as above
| set forth. shall NOT he held to be a re
strictiOn or limitation upon the power!
of said corporation: but said corpora
ton, in addition thereto, shall have al
! the rights and powers usually grantel
to corporations and authorized by th'
| laws of the State of Louisiana.
ARTICLE ". The capital stock 81
this corporation is hereby fixed at th'
sum of One Million Dollars (Sl.OUO.OoOOOl
to be divided into and represented 10y
Ten Thousand 100000 Shares, in the
sum of one Hundred Dollars (SlO00Ol
EACH said stock shall be paid for IN
cash or property.
The capital stock Of this corporation
may be increased to the sum Of Two
Million Dollars (S2,OO0OOU!cOj.
This corporation shall commence doin-
business ana he 4 going concern NJ once
ARTICLE V. All the corporate powers
of said corporation shall be exercised
by Board of Directors consisting of
not less than five and not more than
nine stockholders n majority of whom
snail constitute a quorum for the trans
action of business The Board Of Direc-
tors shall elect annually from their num-
Der a President. one TO five Nice-Presi-
dents, Treasurer. and Secretary,
which two latter Offices may be filled
by one person, and which person or
persons need not be stakeholder in
this corporation. The President or
Nice-Prcsident may also act as Treasurer
or Secretary.
The first Board Of Directors shall con-
siSt Of six stockholders and shall be
composed of r. +. Upton. j. NJ. Lykes,
]. T. Lykes. II. T. Lykes. +. f. Lykes
as President. Il. f. Upton, F. f. Lykes,
II. T. Lykcs. J. T. Lykes and George
III. Sykes as Nice-PressdentS. J. VI.
lykes as Treasurer, and II. f. Upton
as Secretary. The postoffice addresses
of said directors are as follows: J. VI.
Lykes. Galveston, Texas; II. f.. Upton,
New Orleans, La: George II. Sykes, Gal
weston, Texas; II. T. Lykes. Tampa
Florida: ]. T. Lykes - Beaver street
New York, y. Y; +. +. Lykes, p. q.
Box 7SS. Havana, Cuba These direc-
tors and officers shall serve until the
their successors have been duly elected
and qualified.
Directors may vote by written proxy
in favor of another director.
The annual meeting of stockholders
for the election of directors shall be
held on the second Tuesday in January
of each year, unless said day be legal
holiday, and then on the next bank day
thereafter. Each subscriber hereto sets
after his name his postoffice address and
statement of the number of shares Of
stock which he agrees to take in the
corporation. At all elections every stock
holder shall be entitled TO one vote for
each share of stock standing in his name
on the books of the corporation to be
cast in person or by his written proxy.
\ majority Of the votes cast shall elect
ARTICLE VI. In the event of the
liquidation or dissolution of this cor
pOration. the stockholders shall elect
two liquidatOrs from among their num-
Der at meeting convened for that pur-
pose, after ten days written notice sent
to each stakeholder by mail to his last
known address; said liquidators shall
have the authority to wind up the bust
ness and affairs of this corporation
In case of death of either of said
liquidators, the survivor shall appoint a
stakeholder as successor to him.
ARTICLE VII. No stakeholder in this
corporation can ever sell the stock owned
by him in this corporation. or any part
thereof, without first offering the same
in writing, to the other stockholders.
through the Board of Directors at its
then book value. who will have the first
option to purchase the same.
ARTICLE VIII. This charter may be
modified, changed or altered, or said
corporation may be dissolved with the
'Ourths of the entire capital stock at |
| general meeting of the stockholders |
for that purpose, after fifteen |
l5) days written notice shall have been |
given to each stakeholder, mailed to him |
It his last known address.
ARTICLE IN. No subscriber for stock |
lsl ever be held liable for the con-
ractS, faults or debts Of said corpor- |
tion in any further sum than the I'M
,aid balance. if any, due the corpora
ion On the stock for which he has sub
cribed; nor shall any stakeholder ever
re held liable for such contracts, faults
r debts in any further sum than the
unpaid balance. if any. on the STOCK
wned by him; nor shall any mere in
in organization have the eff
ect of rendering this charter null or
endering any subscriber or stakeholder
liable beyond the unpaid amount. If any.
naming due on his stock.
ARTICLE y. This corporation is
rganiZed under the laws of the State
I Louisiana. and ESPECIALLY Act No. 267
I 1914, and the subscribers hereto for
themselves and said corporation. and for
Is officers, directors and stockholders.
ereby accept. as part of this charter
nd as conditions of said corporation.
ii the rights, powers. privileges and
granted to corporations, and
ranted to and conferred upon officers.
irectors and stockholders of corpora
ions by said laws and said act: such
cceptance being as full. complete and
hiding as if said rights, powers. priv
eges and immunities were set forth at
I'LL length in this instrument
Thus done and passed in my notariaI
fhce in the City of New Orleans, afore-
ald, in the presence of Frazer L Rice
nd Holger G. Kohnke. competent wit
eSses OF lawful age and residing in this
lty, who hereunto subscribe their names
1gether with said parties and me. No
Try, on the day and date set forth in
he caption hereof
Names of subscribers omittedD
Witnesses:
FRAZER L. RICE.
HOLGER G.. KOHNKE.
w. w. YOUNG,
Notary Public