The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-12
BUY
THE
BEST
CHARTER.

notice shall %, given ia thu, manner above
provided, which said notices shall h- full
and complete notice to all stockholders o..
such meetings.
In the event no election takes place az
The second meeting or II 30 >,.url uep'.
ing shall b. called or held. tar Board
then in offi," STALL hold over ur-i. the
next annual meeting or until their sue
y,S~"rS are duly elected and qualified.
Any Vacancy occurring ia sad Board
of Directors. from amy rHu~-. shall Ice
filled by III" remaining Bir..rar~. Thr
Board OF directors ma. .aE. such b,.
laws. rules and regulations a~ lIyy may
think proper for the trau-ar'iou of the
business and affairs of said corporation,
and change. alter and amend che sans
at pleasure and shall exercise I'i the
powers OF this corporation Or may dele
-at" III" sam" to one or more officers
or directors or employees ~ lis pleasure.
appoint ana hN salaries OF III Officers.
clerks and employees. NOT herein mentioned.
the same to change or dismiss ar pleasure.
fix the salaries of the Officers provided
for herein; sell, convey. mort sage. pledge.
lease aud purchase rights privileges.
franchises. property. movable. iWMuyIble
and personal. borrow money. lend money.
issue notes and bonds: make contracts
ana sign or cause 1" be signed 10y Of
NcerS or directors specially or generally
authorized 10y the Board Of Directors all
necessary acts. deeds. etc. ami adopt It
corporate seal the same 10 change
alter or dispense with at pleasure. and
q
TO b" done in the management of said
business and permitted 10y the laws ap-
plicable To corporations.
Any director may at any time give his
proxy or power of attorney ia writing 10
any other stakeholder. or any other m-m-
Der Of the Board of Directors. 70 repr,
him at any or all meetings OF the Eoard
of Directors. and in such cases the proxy.
whether held 10y another Styckholdrr or
another director. shall in every respect
count for all the purposes As il said
director were personally present.
! The President may in his discretion call
/ a meeting Of the stockholders of this cor
pordtiOu To determine whether or not the
/ directors then in office shall continue to
| serve as directors. Should 4 majority
/ of the stockholders in amount present or
! represented at such meeting vote against
| the then present directors OF any of them
continuing to serve as such. the stock.
holders shall thereupOn proceed 10 elect
directors to take the places of those then
in Office. ana the directors thus elected
shall Immediately take their seats and
| those who previously served and are not
reelected shall cease to b. directors.
ARTICLE Vino stakeholder shall be
allowed TO dispose of directly or indi-
rectly in whole or in part or euCumbe=
any of the shares of stock held or owned
by him without first giving written notice
. to the President and Secretary of this
corporation of the intention of such stock
holder to do 50. which notice shall state
/, the number of shares proposed to he sold
r or encountered and the price at which
such stakeholder proposes to sell or the
, amount of the encumbranCe and whether
or not he has received a bona fide offer
for any portion of the shares of stock
proposed L. be sold. If such bona fide
offer has been made. the notice shall
state the highest price offered for said
stock and the name of the person offer
ing the same. If the offer be in writing,
. it must accompany the notice
The secretary shall thereupon transmit
h TO each stakeholder a copy of such notice,
; certified by him to be correct. During
. the twenty days subsequent 10 the said
!. notice to the said stockholders by the
- Secretary. the other stockholders of this
= corporation shall have the privilege and
= option of purchasing the shares of stock
: proposed to be sold at the price named
:. in such notice, or at the highest price
o offered by any bona fide purchaser. If.
= / however. the prices above mentioned eN-
/, ! coed the value of such stock shown
/ by the books of this corporation az the
end of the fiscal year Immediately pre-
a ceding the notice. then and in that event
y the stockholders shall have the privilege
:, ! and option of purchasing the shares of
| stock proposed To be sold at their book
Il value as herein stated. Should more than
4 | one stakeholder desire to purchase said
:, I stock at such price. the shares of stock
!, proposed to be sold shall be proper
=. tionately divided among such stockholders
II as desire to purchase the same and give
y notice to the Secretary to that effect prior
,, to the expiration Of the twenty days
# above provided for. If none Of the stock
=, holders elect TO purchase the said stock
n / within the time above provided. the stock
n holder proposing TO sell shall have the
a privilege and is authorized TO sell the stock
K about which he has given notice In
n accordance with the terms and conditions
of the notice given by him, and not
- otherwise.
n The Officers OF this corporation are
II hereby prohibited from issuing certifi-
D. Gates of stock sold contrary 10 or In con
I;,t ,,-;t1, hn rnufai Of
n ARTICLE VI1I.-This charter may be
O. changed modified or altered, or said cor
A. poration may be dissolved in the man
IA ner and by the majOrities fixed by law
Iv at any general meeting of the stock
a. holders of said corporation. convened FOL
NJ such purpose after previous notice n
required by law shall have been giver
as in the manner provided in Article VI o.
of this charter.
or But any and all meetings Of stockholder'
whether for the purposes OF liquidation
he or for any other purpose, may be held a
ed consent of all stockholders, In writing
he filed with the Secretary.
r.. ARTICLE IX.-Whenever this corpora
he tion is dissolved. either by lipitation o
or from other cause. its affairs shall b
mt Iiquidated under the superintendent q
two stockholders to be chosen for tina
de purpose by a majority in amount Of tn
Ms general meeting of the stockholders a
which the election is held. Said CON
IRIS missioners shall remain in office unit
on the affairs of said corporation shall hay
ac- been fully liquidated. In case or IN
d. death of one of said commissioners or {
RS the refusal or inability of one Of theI
Of to act the survivor shall continue TO az
IOl and may select another stakeholder
ok the place and stead of the commissiOn'
Get who shall have ceased to act.
,ec- ARTICLE X.-The President NAV.
ext his discretion. and shall, upon the write
adj request of twenty five per cent or n
ors stockholders call a special meeting or u
ors stockholders of this corporation.
ors ARTICLE XI.-No stakeholder sha
or ever be liable or responsible for the col
ted tracts or faults of this corporation in an
ct further sum than the unpaid balance az
&C. / 10 the Company on the shares owned Z
or subscribed for by him; nor shall an
aid jnformality in organization have the q
a feet Of rendering this charter null or Vo
pe. or Of exposing the stockholders TO al
on. liability.
gu. Thus done and passed at my o.
of the City of New Orleans on the ga
PSI. month and year first above written in q
Iul- presence OF Messrs ThOs. J. Martin nj
on W. Mel. FavssOux competent witnesses
and residing in this city, who have hereun
ond signed their names with the anp"are
heir and mo. Notary. after due reading
ach the whole
,ats Witnesses: Thos J. Martin, W. Nc