The herald., 1922-02-09
CHARTER.

this corporation is hereby declared to
be the sum OF Fifty Thousand Dollars
5000 shares of One Hundred Dollars
t$1O0OO) each, and the amount of each
share shall be paid for in accordance
with law. The capital stock OF this
creased to One Hundred Thousand Dol.
lars $500, 0O0OO)
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
shall first have been appraised by the
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 bv
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 or suCh property as to
amount, location. extent. character and
state of Improvement, together with a
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 n
Board of Directors to Ice composed OF
thr'e directors two Of whom shall con
Stitute a quorum for the transaction OF
business. to he elected by the StOCkhold-
]
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
| he entitled to ono vote for each share
of stock standing in his name on the
be ' cast in PIE person "i by proxy. '0'' '"'''
The Board Of Arectors shall hav' the
! power TO make all.sy-laws, rules and reg
| business affairs of said corporation; and
! they shall elect from their number 4
| President. Vice President, and Secretary
| Treasurer.
! Until the election to be held as here
| inabOvc 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 BuCrOS as Vice President
| and Sidney ]. DucrOs as Secretary
| Treasurer.
ARTICLE VI. The capital stock OF
this corporation may he increased or de-
creased at any time in accordance with
| the laws of this State. This charter may
he amended, altered or modified, or the
| corporation dissolved by vote of two
| thirds of the stockholders, voting by
| shares at n meeting convened for that
purpose, after fifteen days previous per
| sOnal notice, or such notice that may be
required by law, of such meeting shall
nave DeeH ElNeH
| ARTICLE VII. No stockhoIde,. of this
| corporation shall ever be held liable for
any Of the Indebtedness, contracts or
| faults thereof, in any further sum Ihan
! the unpaid balance due the corporation
on the shares owned by him, nor shall
| any infOrmality in the organization have
| the effect of rendering this charter hull.
| or of exposing shareholder TO any liza
| bility whatever
| ARTICLE VIII. \ failure at any time
| to hold Il meeting or elect directors or
| officers as herein provided, shall not work
| a forfeiture of this charter or dissolve
the corporation, but the existing Board
| of Directors and officers shall continue
| in office until their successors i'll office
have been elected.
! ARTICLE IN. At the expiration of
| this charter unless sooner dissolved, its
affairs shall be liquidated by one or more
| commissioners to be appointed by the
| stockholders in meeting, assembled for
| that purpose, and who are invested with
| full power to sell all the assets and prop
| erty, real and personal, of this corpora
| tien, and to convey a full and complete
| title thereto, and to do and perform al
acts essential to a full and complete liz
| uidatiOn of the affairs of this corporation
| and to divide the proceeds, If any, In
| accordance with law.
Thus done and passed at my office il
the City of New Orleans, Louisiana, OF
the day and in the month and year frs
hereinabOve written. in the presence o.
Muriel Saxon and Rene A. Viosca, com
petent witnesses, whose names are here
unto subscribed as such, together will
the said appearers and me, Notary, afte
| reading of the whole.
Names of subscribers omitted)
| Witnesses:
RENE A. VI0SCA,
| MURIEL SAXON.
EDW. HASPEL.
Notary Public.
I. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
State of Louisiana, do hereby certif.
that the above and foregoing act of in
corporation of the SOUTHERN TILL
CO, INC, was this day recorded in m!
office in book 1868, folio =.
New Orleans, Jan. 20, 1922.
(Signed) ROBT. SCOTT,
Deputy Recorder.
4 True Copy.
| EDW. HASPEL.
Notary Public.
Jan. g. Mcb. 2