The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-26
CHARTER.

nv the President and counter signed by
tine Secretary. The stock OF this cor
poratiOu can be transferred only on the
books of the corporation and SUBJECT 10
such regulations and fOrmalities as may
be by the Board of directors from time
to time prescribed. No stakeholder shall
be permitted to sell or otherwise lis
nose of his stock without hrst Offering
the same in writing to the other stock
holders through the Board OF Directors
at a price not exceeding the book value
thereof and the stockholders shall nave
an option and first right to purchase
all shares of stock to be thus disposed
of by sale or by the death, resignation
or otherwise of any of the Stockholders
of the corporation, and shall nave Pc
Rod of ten days in which TO accept or
DECLINE such offer of stock Should the
Board of Directors or the stockholders
decline to purchase said STOCK. then lne
stOckhOlder or stockholders VINO mahe
the offer to sell or otherwise dispose Oh
the stock may sell or otherwise dispose
of il In any manner and at any price
that he or they may see nj. but eacn
share of stock Is issued under the con
ditiOn and understanding that no stock
holder shall make sale OF transfer or
his stock in violation Of this provision
and such sale or transfer. II made shali
be void and this Company shall be under
no obligation to list said stock on IT'S
books or to regard the holder OF the
certificate thereof
ARTICLE VII. The corporate powers
of this corporation shall be vested III
and exercised by a Board Of Directors.
composed of four stockholders. the ma
jority of whom shall constitute a quorum
FOR the transaction of business. The
Directors Of this corporation may vote
in person or by written PROXY at any
of the meetings of the Board OF Dlrec-
| tors.
The first Board of Directors of this
corporation shall be composed of the
following: Thomas Dabney Case, W. w
| Teel, ]. G. Case. w. II. Smith-Vaniz. with
| Thomas Dabney Case as President and
| Wesley W. Teel as Vice-President and
| Secretary, and j. q. Case as Treasurer,
and they shall serve until the FIRST Tues
| day in February, 1928. or until their sue
| cessors are elected and qualified.
The Directors shall be elected annually
by the stockholders, at a meeting held
| on the first Tuesday in February of each
| year thereafter. Notice of such meet
| ing shall be given eight days before the
| date of such meeting, and shall be ssnf
to each stakeholder at his last known
| address.
| Each stakeholder shall at such annual
! meeting or other meeting. general OF
special he entitled, in person or by
stock owned by him.
The directors when elected, shall hold
| office for one year. or until their sue
cessors shall be elected and qualified
| and failure to hold the annual meeting
of stockholders, or to elect annually tn
| Directors, shall not operate the forfeitur,
Of this charter or any rights Hereunder
Any vacancy occurring in the Boart
Of Directors may be filled by the Boart
of Directors for the unexpired term.
ARTICLE VII. This charter may b.
changed, modified. altered or amended
by and with the consent of twO-third
Of all the stock present at any meet
ing. general or special. held for that FUR
pose; and such may be material or i'm
material. subject to limitations as ma,
. be by law provided; and this corporation
shall have the power to increase or ce
crease its capital stock as hereinbefor
set out.
ARTICLE VIII. No stakeholder of thii
corporation shall be liable or responsible
for any costs, contracts, debts or fault
of this corporation, or any of its officers
nor shall any mere informality in organ
ization have the effect Of rendering thi
charter null and void, or of exposin,
a stakeholder to any liability beyon'
the unpaid balance due on the stock hel,
by him.
. ARTICLE TX. In case of the dissolu
ton, liquidation or termination of thi
| charter, by limitation or otherwise. tn
, affairs Of this corporation shall be liqui
, dated by one or more liquidators electe
by the stockholders, who may provid
, the number Of said liquidators and yes
them with such authority as may by Law
, be permitted, and fix the terms and con
their compensation, and any other regu
{ lation which to them may seem proper
ARTICLE Y. The subscribers heret
have written opposite their names tn
! number of shares subscribed 20 by eac
e of them and their postoffice address, 5
e that this charter may serve as the sui
r scriptiOn list of the corporation; all o
which subscriptions are payable In tn
o manner and form set out herein.
Thus done and passed at my offc
p in the city of New Orleans, LouisiaD;
on the day, month and year first abov
written, in the presence Of Paul +. Chase
. and Edwin T. Merrick, competent wit
/ nesses, who have hereunto signed thes
q presents with the said appearers and mi
. Notary, after due reading Of the who'll
4 (Original Signed)
a Witnesses:
: PAUL +. CHASEZ,
;. EDWIN T. MERRICk.
4, HERMAN l.. BARNETT,
Notary Public.
J. Recorded in NJ. o. 3. 1858, folio =
= Parish of Orleans.