The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER.


the treasury thereof of the amount of
the capital stock required by law. All
certificates of stock shall be signed by the
President and countersigned by the Sec
Rotary Treasurer of said corporation.
Every transfer of stock shall be signed
by the stakeholder or his attorney.
ARTICLE Van the corporate powers
of the said corporation shall be vested
in and exercised by Board of Directors,
composed of three stockholders, who shall
he the President, the Nice-President, and
the Secretary Treasurer of this corpora
ton.
At the first Meeting following the cleo
ton of each Board of Directors, said
Board shall elect n President, a Vice
President, and a Secretary Treasurer OF
this corporation.
All other clerks and employees may be
discharged at any time without recourse
against the corporation.
The Board of Directors shall be elected
annually on the first Tuesday of Decem
Der after notice of such election, SO to
be held, will have been given by two
weekly publications in u newspaper pub
lishcd in the Parish Of Orleans, and after
a written notice by the Secretary. given
TO each stakeholder, shall have been
mailed to him at least fifteen (l5) days
previous to such meeting, except that the
first Board of Directors of this corpora
ton shall be composed of Jos. l.. swanson
President: John McGraw, Sr., Nice-Presi
dent; and Forces McGraw, Secretary
Treasurer. who shall hold their office
until the first annual election to be held
on the first Tuesday of December. 1922
or until their successors shall have been
elected and shall have actually assumed
their duties.
Two members Of the Board of Directors
shall constitute quorum for the trans
action of business.
All elections for directors shall be held
at the office of the corporation and shall
be by ballot, under the superintendent
h.a MT tod
that purpose, by the Board of Directors
whether they be stockholders or not.
Each share of stock shall be entitled tC
| one vote and shall be cast by the owner
of same, either in person or by written
proxy, and a majority of the votes shall
/ elect.
The failure to elect a Board of Direc
\ tors will not affect this charter. but the
/ directors in office shall continue in the
! exercise of their duties until their sue
cessors shall have been elected and shall
/ have taken their places, in which event al
| election for directors shall be held OF
/ such subsequent day as may be fixed by
| the Board of Directors for that purpose
IL being hereby made the duty OF thu
/ President of said Board and of the Vice
PRESIDENT and Secretary Treasurer to cal
the said meeting TO be held within hfteeI
days after such failure to elect.
All vacancies occurring in said Board
| by resignation or other wise. shaH u
The Board of Directors shall have tn,
power and authority to make and es
! tahlish as well as alter and amend, any
| and all bylaws, rules and regulation
that may be requisite for the government
support and management of the business
and affairs of said corporation, and i
| shall have power and authority to con
| tract debts, borrow money and issue note
in representation of same, and to lssu
bonds, and. generally to do all thing
-. a
said corporation.
| ARTICLE VI.-Whenever this corpora
ton is dissolved, Wiener by Limitation
| or for any other cause, its affairs shal
be liquidated under the superintendent
of two commissioners to be appointed 10
that purpose by the stockholders, at
general meeting to be held and convene'
for that purpose, after ten days motto
shall have been given to every stockholdel
through mail Said commissioners shal
remain in office until the affairs of sal
corporation shall have been full
liquidated and settled, and in the even
of the death of one of said commissioner
the survivor shall fill the vacancy. Thei
compensation is hereby fixed at two an
one-half per cent. on the amount realize
by them.
ARTICLE vIII.This act of incorpora
tion may be changed, modified or altered
and the capital stock increased SO as !
make the capital stock not TO exceed IN
| sum of Twenty thousand (S2O,OOO.OO
Dollars, or said CORPORATION may be di:
solved by the assent of two-thirds l
amount of the capital stock at meetin
. | OF the stockholders convened for sue
purpose by the Board of Directors aftt
. thirty days previous notice of such meet
ing shall have been published In news
paper in the Parish of Orleans, and afte
all the other formalities OF laww sha
have been complied with.
/ ARTICLE VIII.-No stakeholder sha
ever be held liable or responsible 10
the contract or faults of said corporate
in any further sum than the unpai
balance due to the corporation on IN
shares of stock owned by him, nor sha
any mere informally in organizing TIL
corporation have the effect of renderin
this charter null and of exposing stocl
holder to any liability beyond the amour
due on his stock.
ARTICLE Kiln order that this az
of incorporation may serve as the origins
subscription list of said corporation. a
subscribers hereto have written opposi'
their respective names the number
shares and the amount of stock sui
scribed for by each of them, as well o
their addresses, and the recordation
this act shall be considered as the reco
dation Of the list Of shareholders require
by law.
: Thus done and passed at the City {
New Orleans, in the Parish Of Orlean
State of Louisiana, on the day and
the month and year first above WRITER
Isabella Rice, both Of lawful age an
residing in said Parish and State, con
petent witnesses who have signed the'
presents with the said appearers and m
Notary, after due reading OF the whol
Witnesses: W. W. Wright, Isabel
Rice.
/. (Signed) Jos. L. Swanson, 2310 Mila
, Street, New Orleans, La, 10 shares; job
. McGraw. 1929 Sycamore Street, New U
4 leans, La, / share; Forces McGraw, "a
q Soniat Street New Orleans, La, share
!. JOHN d. NIX, JR..
a Notary Publ
a A true copy:
, Notary Publ