The herald., 1922-08-31
CHARTER.

:
. tors, which is hereby clothed with all q
the corporate powers of this corporation
= shall have full power and authority I
. borrow money and to execute mOrtgag"
= / and pledges and create liens, to i>su
bonds, notes and other obligations, and I
= secure same by mortgage and /orpledge o
otherwise and generally TO do any AM
all things reasonable, convenient or nereS
Sary for the proper conduct of the bust
= | ness and affairs of this corporation; anu
in its discretion, the board of director
may create and select an executive com
mittec to be composed of not less thai
three CD of its own members, to whlcl
committee the board of directors ma!
grant all or any of its powers to be cN
erCised during the interim between meet
ings of the board of directors itself.
A director of this corporation SHAH not
be disqualified by his Office from deallnA
or contrasting with the corporation ethel
as vendor, purchaser or otherwise. MOI
shall any transaction or contract oil thl'
corporation be void or voidablc by reason
OF the fact that any director or any nrn
OF which any director is a member. OF any
corporation of which any director Is
| shareholder or director, is in any way IN
| tcrested in such transaction or contract
| pruvid that such transaction or con
| tract is or shall be authorized, ratified or
| approved either % by vote of a majority
/ of n quorum of the board OF directors OF
| Of the executive committee without count
| ing in such majority or quorum any III
| rector so interested or members of firm
/ so interested or a shareholder or director
| of a corporation SO Interested, or % DE
a vote Of a stockholders meeting OF the
holders OF record of a majority OF all the
outstanding shares of common stock OF
the corporation or by writing or writings
signed by a majority of such holders; nor
shall any diectOr be liable to account to
the corporation for any profits realized
by and from or through any such trans
action. or contract of this corporation au-
thOrized, ratified or approved as afore-
said by reason of the fact that he or any
firm of which he is member, or any
corporation of which he is a shareholder
or director, was interested in such trans
action or contract
ARTICLE VI-This act Of incorporation
may be modified, changed. altered or
amended, or the capital stock of this cor
poratiOn may be increased or decreased.
or this corporation may be dissolved with
the assent of twO-thirdS (2/3) of the out
standing common stock of this corpora
ton EXPRESSED, given and obtained at
general meeting Of such stockholders con
vened for such purposes, or any of them,
after previous notice of such meeting shall
have been given TO each common stock
holder by notice addressed to him at his
last known place of residence, and de-
posted in the mails of the United States
at least fifteen 40 days previous to the
date of said meeting, unless other notice
for a meeting of such character be pre-
scribed by law, in which event, notice
shall be given in conformity with law.
Whenever this corporation may be dis
solved, either by limitation or from any
any other cause. its affairs shall be liqui-
dated by three CD commissioners to he
elected by the holders of the common
stock at a meeting convened for said pur-
pose as above provided and after due no |
tice; a majority of said stock represented |
at such meeting shall be requisite for |
the election of such commissioners. Such |
shall remain in office until !,
the affairs of this corporation shall have !
been fully liquidated. In case of the death !
or resignation of any one or more of said |
the vacancy or vacancies !
shall be filled by the survivors or suryi- !
vor. In the event of any disagreement |
among said commissioners, the action of |
the majority shall prevail and be binding.
ARTICLE Vino stakeholder shall
ever be held liable for the contracts or
faults or defaults of this corporation in
any further sum than the unpaid balance.
II any, due the corporation on the shares
Of stock owned by him: nor shall any
mere fOrmality in organization have the
fleet of rendering this charter null or of
'NpoSing stakeholder to any liability
beyond the unpaid amount remaining due
IN his said stock.
ARTICLE vIII-The following shall
Constitute the first board of directors Of
his corporation: \. l.. KempSter, A. r.
lcCoard. ii. A. Ferrandou. Raoul Sere
r.. Maurice H. Rooney. Said board of
directors shall hold office until the third
tuesday in January, 1923, or until their
successors shall have been duly elected
nd qualified.
The subscribers to the capital stock of
MS corporation and their respective ad-
resSes are: \. l.. Kempster 421 Baronne
'treet, New CLEANS, La; A. Il. McCoard |
II Baronne Street. New Orleans. La: III.
l. Ferandou, 421 BarOnne Street New Or ,
,',iI;, La KaouI Sere, Jr., Hibernia !
,nlIdlng. New Orleans, La; Maurice H. ,
'ooney' Hibernia Building, New Orleans,
"a.
The subscribers hereto have written ]
pposite their respective names the num- !
tf OF shares of capital stock in this cor I
GRAFTON SUBSCRIBED for by each of them | [
nj this act of Incorporation shall serve I
the original subscription list of this !
orpOratiOn. a
Thus done and passed in my office. in !
ne ,lty OF New Orleans, on the day, !
iohtn ana year first above written, in the I
resence of Messrs. Justin V Wolff. and $
uhwlg Z. Mulling, competent witnesses I
no have hereunto signed their names d
'getheT with said appearers and me- no. I
ir!' alter cue reading Of the whole.
ORIGIANL SIGNED)
\. l.. Kempster preferred stock twenty n
We shares, S2,500.O0; 4. L. Kempster. 4
,mmOn stock. twenty-one shares, So II
wv; A Ii. McCoard, one share. $4,000: S
= n. Ferrandou, one share $4,000: RaOul u
ere, Jr., one share, $4,000; VI. ii. Rooney, G
ne share, $4,000. o
Witnesses: Justin V. Wolf, Ludwig C. II
ulling. - ii
tORIGINAL SIGNED) n
STAMPS FARRAR 81
(SeaD Notary pubIio o.
L, the undersigned Recorder of Mort n
iges IN and for the Parish of Orleans n
ate of Louisiana, do hereby certify that n
e above and foregoing act of incorpora- 4
as TINS day duly recorded in nv Office n,
on or New Orleans Public Service Inc n,
Book 1873, folio -. h,
New Orleans, August Is. 1922. II
NSlgned) ROBT. SCOTT al
Deputy Recorder Ii
i, the undersigned notary public. do al
reDy certify that the above and forego- al
z is true and correct copy of the char %
or New Orleans Public Service Inc. m
ssed befoe me August 49, 1922 with the &C
rtihcate of the Recorder of MORTGAGES 70
fached thereto of record and on file in to
= office. ~ 81 al
New Orleans, La, August 10. 1922 as
,c STAMPS FARRAR, IN
seal Notary Public no
4