The herald., 1922-05-25
CHARTER.


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 direct. After the expiration OF the
said time for subscriptions and pay
ment the board of directors may dis
pose Of the shares not taken, for the
benefit Of the corporation, in such man
ner 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
corporation until ten days prior notice
Of such intent to 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 50
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 sur
rendering the certificate thereof To the
presiding officer. who shall Write the
word cancelled prominently across
the face thereof and erase the preSl-
dents signature therefrOm before is
suing new certificate.
ARTICLE NIII-At all elections OF
by meetings of the stockholders each
share shall be entitled To one vote to
]
name the stock appears on the books
of this corporation at the time OF yOt-
ing or by an attorney holding said
/ stockholders written proxy.
ARTICLE IN-The business and cor
/ porate affairs of this corporation shall
/ be transacted by a board of directors.
OF not less than three directors, nor
more than five directors, 10 be COM
/ posed Of stockholders thereof and they
and each of them shall bee elected at
1 no he DllIDUSt
Any vacancies in the board OF direc-
Z tors 50 elected shall be filled by the SAID
/ board of directors. LeOnort +. Had
| den, 1914 St Mary Street New Orleans,
/ La: Sidney &. Ford, 1871 Venus Street
/ New Orleans, La; Louis A PompOneau,
/ 1911 Venus Street, New Orleans, La ::
VIM. Mel. FaySsouX, l4OS Peters Ave
/ nue., New Orleans, La, shall constitute
the first board of directors and
/ shall hold office until the first
/ constitute the first board of directors
/ and shall hold office until the first
I Monday after the second Tuesday IN
/ January. 1923, or until their successors
are elected and qualified. and each
I subsequent board shall have their
! seats Immediately following their cleo
, ton, or as soon thereafter as practl-
/ cable and shall hold their office until
their successors shall have been elect
ed and qualified. The directors here
| inabove named shall elect their own
officers.
The officers elected and designated
/ to serve until the first Monday after
the second Tuesday in January 1928
or until their successors shall be elect
ed are as follows: Leonora +. Haddeh
1914 st. Mary Street, New Orleans La.
| president: Louis y. POmpOneau, 4bil
Venus Street. New Orleans, La, vice
president: Sidney c. Ford, 1871 Venus
Street, New Orleans. La, treasurer.
On the first Monday after the seconC
Tuesday in January 1928 and annually
! II. S.., a .s.efn
the stockholders shall be held at tn
, office of the corporation after fifteeI
| days notice thereof shall have Deel
given by publication in one of the dali.
: | papers in this city, by three publlca
< lions thereof during said time, the frs
to be made fifteen days prior to sal
meeting. Every board of director
shall, at its first meeting after its cleo
ton, or as soon thereafter as practi
cable, elect from their own number
president vice-president and a treas
urer. The board of directors shall ais
elect a secretary, who may or not be
member of the board. The office Q
= the secretary and treasurer may b
= filled by one and the same person at tn
, discretion of the board.
f \ failure to elect directors on I'll
Z date above specified shall not dlssolv
$ the corporation, but the then eNlStln
r board of directors shall continue in OF
d flee until their successors are electe'
e Fifteen days prior notice shall be give
e in the manner hereinabove proVlde'
e which notice shall be full and complet
= notice to all stockholders OF such meet
d ing.
d Any director shall have the right I
d be represented at any meeting OF III
: board of directors of this corporation
= by an attorney holding said director
; written proxy.
!, The majority of the members of sal
, board of directors shall constitute
: quorum for the transaction and mar
. | agement of all business of said col
: | poration. They may make such by
= laws rules and regulations as they ma
y ! think proper for the transaction OF III
y business and affairs of said corpora
= ton. and change, alter and amend sam
| at pleasure, appoint and fix salaries
, all officers, clerks and employees, n
> same to change and dismiss at pleas
ure. fix salaries for Officers provide
o for herein: sell. convey mortgag
:. pledge, lease and purchase propert
=, movable, immOvable and personal, DO
= row money. issue notes and bonds, len
- money, make contracts and sign al
"a cause to he signed all necessary ACT
,e deeds, etc, to take judicial proceeding
in the name and on behalf of this co
i; poration, and to do all things whlt
- may be necessary to be done in u
" management of said business and ma
so be permitted by laws applying TO co
- porations and declare dividends.
~ ARTICLE X-This act of incorpor
e. ton may be changed, modified or q
% tered or said corporation may be oil
I'd solved with the assent of two-thlr'
ar of the amount of stock present or T
presented at any general meeting
r the stockholders OF said corporate
r convened for that purpose, after pr
IS vious notice given in the manner her
O. inaboye set forth in Article IN. Il
any and all meetings of stockholdei
t. whether for purpose of liquidation
n for any other purpose, may be heid
es any time without notice, by unanlfno
e. | consent of all stockholders IN Wrltl
re filed with the secretary.
er, ARTICLE XI-The president, or az
ne ing president. may in his discreet
We and Shall upon the written request
de one stakeholder, call special meet
-, | of the stockholders of this corporate
It's ARTICLE XII-No stockholder sh
IA ever be liable or responsible for I
o. contracts or faults of this corporate
Ill, in any further sum than the unpi
to balance due to the company on
It's shares owned by or subscribed Tor
se him: nor shall any informally in
nd organization have the effect OF rend
Ir- ing this charter null or OF eNposl
Ct the stockholders to any liability.
ar ARTICLE XIII-Whenever TINS G
CT poration is dissolved either by llqul'
M ton or from any other cause, It's
I'll, fairs shall be lquidated under the
perintendency of three stockholders,
nd be chosen for that purpose by "
he thirds in the amount of the stockho
his ers present and represented at a 9
ch eral meeting of the stockhold
the at which the election is held. >
Ter commissioners shall remain in Oft
the until the affairs of said corporal
gn shall have been fully liquidated.
case of the death of one of the &C