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

/ lied description OF such property as tG
| 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 a
Board of Directors to be composed of
/ three directors. two of whom shall con-
/ stitute a quorum for the transaction of
business, to be elected by the stockhold-
ers at a general meeting to be held on
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 one vote for each share
of stock standing in his name on the
books of the company, which vote shall
be cast in person or by proxy.
The Board of Directors shall have the
power to make all bylaws. rules and reg
ulations necessary for the conduct of the
business affairs of said corporation; and
they shall elect from their number a
President, VicePresident, and Secretary
Treasurer.
Until the election to be held as here
inabOve 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 DucrOs as Vice President,
Treasurer.
ARTICLE vi. The capital stock of
this corporation may be increased or de-
creased at any time in accordance with
the laws of this State. This charter may
be amended, altered or modified, or the
corporation dissolved by vote of two
thirds of the stockholders. voting by
shares at meeting convened for that
purpose, after fifteen days previous per
SOnal notice, or such notice that may be
have been given.
ARTICLE VII. No stOckhOldeL of this
corporation shall ever be held liable for
any of rhe indebtedness. contracts or
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. A failure at any time
to hold meeting or elect directors or
officers 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 in office
have been elected.
ARTICLE IN; At the expiration of
this charter unless sooner dissolved its
affairs shall be liqudated 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
ton, and to convey a full anc complete
title thereto, and to do and perform all
acts essential to a full and complete liq-
slidatiOn of the affairs of this corporation
and to divide the proceeds, if any, in
accordance with law.
Thus done and passed at my office in
the City of New Orleans. Louisiana on
the day and in the month and year first
hereinabove written, in the presence of
Muriel Saxon and Rene \. ViOsca, COM
petent witnesses, whose names are here
unto subscribed as such. together with
the said appearers and me, Notary, after
reading of the whole.
(Names of subscribers omitted)
Witnesses:
RENE A. vIOSCA.
MURIEL SAXON.
EDW. HASPEL.
Notary Public.
/, the undersigned Recorder of Mort
cages in and for the Parish of Orleans,
State Of Louisiana. do hereby certify
that the above and foregoing act of in
of the SOUTHERN TILE
CO, INC. was this day recorded in my
office in book 1858 folio -
New Orleans, Jan. 20, 1922
(Signed) ROBT. SCOTT,
Deputy Recorder.
A True Copy.
EDW. HASPEL,
Notary Public.