The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-24
CHARTER.

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2 pOration is organized and for such puI
t poses to engage in business in the Stat
/ Of Louisiana and with any Otner state 4
. | Parish of possession of the United STATE
!, ! of America or foreign country hat vi
: permit the same.
. ARTICLE IV-It shall have all tn
= rights and privileges granted by law I
4 such corporations; shall have the powo
< TO contract, sue and be sued in its cor
{ porate name, to make and use a corporal
4 seal. and the same TO break and alter q
I pleasure, to buy, own. hold, lease, receive
convey. mortgage, hypOthecate or pledg
I property. both real, personal and mixed
to issue bonds, notes and other obllGa
tiOnS; TO have, engage and employ sue
officers, managers, and employees as IN
business interests and convenience of III
! corporation may require; to make ADOPT
establish such bylaws, rules and regula
tiOns in the corporate name, not repug
nant 10 the laws of the State Of Louisiana
or other states. territories or possession
of the United States or foreign countrie
in which they engage in business. or IN
charter of this corporation, for the man
agement of the corporations affairs. "a
the stockholders and board of directors
may deem necessary and eXpedient.
ARTICLE V-The capital stock Of thi'
corporation shall be eighty thousand and
OOfIOO $50 OO0OO) dollars, represented by
eight hundred (S00l shares of one hun
dred and 90 100 100000 dollars each.
The stock shall be paid for in cash when
| subscribed for, or the same may be is
| sued for property actually received by or
services actually rendered unto the said
! cooperation, but said stock shall not be
issued for less than par.
! ARTICLE VI-This corporation shall
! begin business and be a going concern
when eighty thousand and OO/lOO (SSO.-
100000 dollars of stock shall have been
subscribed for and paid in, and when
ever an increase Of said capital stock shall
have been authorized. fifteen days writ
ten notice shall be given TO GaCn stock
holder. within which time the present
stockholders in the corporation shall have
the right to subscribe to said increase of
stock in proportion to the number of shares
of stock held by them and which shares
shall be paid for at such time and in such
manner as the board of directors may di-
rect. After the expiration of the said time
for subscriptions and payment. the board
o. directors may dispose of the shares
not taken, for the benefit of the corpora
ton, In such. manner as they may think
proper, at not less than par.
ARTICLE Vino stakeholder shall
sell or otherwise dispose of any share or
shares of the capital stock of this corpora
tion until ten days prior notice of such
intent 10 do so shall have been given in
writing to the corporation. during which
time any one or more of the stockholders
shall have the privilege of purchasing said
stock so offered at the actual value based
upon the books of the corporation.
All transfers of stock shall be made on
the books of the corporation by surrender
ing the certificate thereof TO the presiding
officer, who shall write the word can
celled" prominently across the face there
Of and erase the presidents signature
therefrOm before issuing a new certificate.
ARTICLE VIII-At all elections by or
meetings of the stockholders each share
shall be entitled to one vote to be east
either by the person in whose name the
stock appears on the books of this cor
poration at the time of voting or by an |
attorney holding said stockholders writ |
ten proxy.
ARTICLE IX-rhe business and cor
pOrate affairs of this corporation shall be !
transacted by board of directors of not /
less than three directors, nor more than |
hve directors, 70 be composed of stock |
2olders thereof and they and each ..
them shall be elected at meeting to be
held for that purpose.
Any vacancies in the board of directors
so elected shall be filled by the said board
Of directors. Louis W. ZOeller. 1919 Cal
noun street, New Orleans, La: Clarence
4. Hammer. 933 Louisiana Avenue New
orleans, La; William f. Bland, 1872 Cal
loun Street, New Orleans. La, shall con
'titnte the first board of directors who
nan mold Office until the first Tuesday
liter the second Monday in January. 1923
'r until their successors are elected and
lualified, and each subsequent board
mail have their seats Immediately follow
ns tneir election; or as soon thereafter
Until their successors shall have hen
lected and qualified. The directors here
nahove named shall elect their own Of
icers. vi
The officers elected and designated TO
erve until the first Tuesday after the ,
econd Monday in January, 1923. or untiI
heir successors shall be elected are as ,
oli0ws: Louis W. Zoeller president 1910 ,
aiIoun street New Orleans. La: Clarence !
!; ro hammer, Vlce-president 933 Louisiana I
venue New Orleans. La; William f.
'land, secretary-treasurer, 1872 Calhoun ,
trcet New Orleans. La. ,
On the first Tuesday after the second {
ionday in January, 1923, and annually I
herea1ter an election of directors. BY 7
ce or the corporation after fifteen DAYS, z
Office thereof shall have been given nv $
uDhcatlon in one of the daily papers in s
nis city by three publications thereof I
zen DAYS prior to said meeting Every Y
GARD of directors SHALL at its first maet =
ig AFTER its election, or as soon there n
,uer as practicable elect from their own c
,easurer The board of directors shan =
$50 eject secetary, who may or NAV +
OF be member of the board The Of :
&c or the secretary and treasurer NAV "
nIled by one and the same person nj q
he discretion of the board
A failure to elect directors IN tbs do,o a
DoVe specified shall not dissolve the cor r,
pration, but the then existing board of |,
IrectorS shall continue in office untiI 81
elr successors are elected Fifteen dovs' b
nor notice shall be given in the manncr s;
'relnabove provided, which notice shall d
run ana complete notice to all stock In
'lders of such meeting 81
Any director shall have the right IN no cl
presented at any meeting Of the hoard II
ulrec,ors or this corporation. by an at n
|
OXy. i''eh n
The majority of the members of sold ii
ara or directors shall constitute n ouo- tn
III TOT the transaction and management
All business OF said corporation Tbev | oy
ay make such bylaws, rules and regnIa OF
ms as they may think proper for ths
insact1on OF the business and affairs of l.,
~ corporation, and change. alter and nff
I Ienu same NJ pleasure; appoint and fix n,
Iarles or all officers. clerks and ON ~
Dyees. the same to change and dismiss IN
pressure nix salaries for officers pro- or ~
led Tor herein; sell, convey, mortgage oI
sdge; tease and purchase property. gu
'vable: lmmovable and personal borrow 81
'ney. Issue notes and bonds lend money 81
IKE contracts and sign and cause TO he ou
nea an necessary acts. deeds, etc to
&c Judicial proceedings in the name and of
behalf Of this corporation. and 70 do co
things which may be necessary TO be tn
ne In the management of said business tel
may be permitted by law applying 70 nu
and declare dividends. st'
ARTICLE X-This act OF incorporatjon or
y De changed, modified or altered or I'M
u corporation may be dissolved with ,u
assent or two-thirds of the amount IN
STOCK present or represented at anv De
ieraI meeting Of the stockholders Of reg