The herald., 1922-02-02
CHARTER.

this corporation is hereby declared TO
be the sum of Fifty Thousand Dollars
(S50.000OO). divided into five hundred
(500D shares of one Hundred Dollars
(SlO0.0Ol 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
Full paid capital stock of this cOrpor-
alton may be issued in settlement o.
services and things of value actually
acquired by the corporation when same
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 as To
amount, location. extent. character and
| state of improvement together with
! 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
| Board of Directors To be composed OF
! three directors, two of whOm shall con
Stitute a quorum for the transaction of
| business. to be elected by the stockhOld-
| crs at n 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
I've entitled to one vote for each share
of stock standing in his name on the
books of the company, which vote shall
be 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. NicePresident, and Secretary
Treasurer.
Until the election to be held rs here
inabuve 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 Nice-PreSident
and Sidney ]. Ducros as Secretary
Treasurer.
l ARTICLE VI The capital stock o.
? this corporation may be increased or de
creased at any time in accordance witt
! the laws of this State. This charter may
r be amended, altered or modified, or th'
D corporation. dissolved by a vote of two
! thirds of the stockholders, voting by
shares at a meeting convened for tina
purpose, after fifteen days previous per
4 sonaI notice, or such notice that may b'
: required by law. of such meeting shall
T have been given.
ARTICLE VII. No stockholdeL of thi
corporation shall ever be held liable foi
: any of the Indebtedness, contracts o
faults thereof, in any further sum thai
the unpaid balance due the corporation
on the shares owned by him, nor shai
. any informality in the organization nav,
the effect of rendering this charter null
: or of exposing a shareholder TO any liza
! bility whatever
! ARTICLE Will \ failure at any tim
to hold Il meeting or elect directors o
hnn moi
a forfeiture of this CHARTER or dissolv
: the corporation, but the existing Boar
4 of Directors and officers shall continu
! | in office until their successors IN Oinc
!, have been elected.
b ARTICLE IN At the expiration o
: this charter. unless sooner dissolved, II
affairs shall be liquidated by one or NOR
i commissioners to be appointed by IN
II stockholders in meeting, assembled TO
n that purpose and who are invested wit
s full power to sell all the assets and prop
erty, real and personal, OF this corpora
V ton. and to convey a full ana comple'
r title thereto, and to do and perform a
80 acts essential to a full and complete h'
= uidation of the affairs of this corporation
and to divide the proceeds, if any,
, accordance with law.
l. Thus done and passed at my office
. the City of New Orleans Louisiana. Q
o. the day and in the month and year fir
" hereinabOve written. in the presence
~ Muriel Saxon and Rene y. NiOsca, con
ptlenI NllHtSscSs ~"HOSC ~ ~
81 unto subscribed as such. together wi
% the said appearers and me, Notary, ait
y reading of the whole.
names of subscribers omitted)
be Witnesses:
is RENE A. VIOSCA,
IL MURIEL SAXON.
D. EDW. HASPEL.
", Notary Public
rd I. the undersigned Recorder of Mo
tie cages in and for the Parish of Orleal
State of Louisiana, do hereby cert
il that the above and foregoing act OF
", CORPORATION of the SOUTHERN TIL
it CO. INC, was this day recorded in !
Ter office in book 1868, folio :.
it. New Orleans, Jan. 20, 1872.
les (Signed) R0BT. SCOTT.
nv, Deputy Recorder
p- A True Copy.
M EDw. HASPEL,
i've Notary Public
Jan. &C. Mch. .