The herald., 1922-06-15
CHARTER.
par in payment for property actually

received.
! ARTICLE VI-This corporation shall
f. begin business and be a going concern
as soon as twelve thousand five hun
/ dred dollars of stock shall have been
. subscribed for Said capital stock may
/ be increased up to the sum of twenty
! tlNe thousand dollars in any manner
! provided for by the lawSeof this state
and whenever an increase of said capt.
1 tai stock shall have been authorized
] fifteen days written notice shall be
/ given to each stockhOlder within which
. time the present stockholders in the
/ corporation shall have the right TO
. subscribe to the 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 subscription and payment the
/ board of directors may dispose OF the
shares not taken for the benefit of the
corporation, in such manner as they
may think proper, At not less than par.
Article VII-AlI transfers of stock
shall be made on the books of the cor
poration by surrendering the CertIfl-
cate thereof to the presiding officer.
. who shall write the word cancelled
prominently across the face thereof,
and erase the presidents signature
theretrom before issuing new Certi-
. fiCate.
ARTICLE VIII-At all elections by.
or meetings Of the stockholders. each
/ be cast either by the person in whose
name the stock appears on the books OF
| this corporation at the time OF the
] voting, or by an attorney holding the
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, TO bc COM
posed Of stockholders thereof, and they.
and each of them shall be elected at
a meeting 10 be held for that purpose
Any vacancies in the board OF directors
50 elected shall he filled by the said
board OF directors. Fred J. Allen. l..
/ ". Allen and T.. y DIdalCO. all resi-
dents of the City of New orleans. La.
shall constitute the first board of di
rectors. and shall hold office until the
third Monday in January. 1928. or UNI
til their successors ere elected and
qualified. and each subsequent board
shall have their seats Immediately fol-
lowing the election, or as soon there
after as practicable. and shall hold
their office until their successors shall
have been elected and qualified. Tie
directors hereInaDOVe named shall elect
their own officers. The stockholders
may Al any time appoint the two addi
Uunal directors provided for in this
charter 10 serve ConCurrcntIy with the
other directors herein named. on the
, third Monday in January. 1928 and
directors by the stockholders shall be
held at the office of the corporation,
after fifteen days notice thereof shan
have been given by notice mailed to
each stakeholder at his last knowns add
dress. Every board of directors shall.
at its first meeting after its election,
or as soon thereafter as practicable
elect from their own number preSi-
dent, vice-president and treasurer
The board OF directors shall also elect
a secretary who may. or may not, be
a member Of the board. The office of
the secretary and treasurer may be
4 filled by one and the same person. At
the discretion of the board. y failure
TO elect directors on the date above
specified shall not dissolve the cor
poration, but the then existing board
of directors shall continue in office
until their successors are elected. Fiji
teen days prior notice shall be given
, in the manner hersinabove provided
which notice, shall be full and COM
plete notice to al stockholders of such
meeting. Any director shall have the
right to be represented at any meeting
OF the board of directors of this cor
poration by an attorney holding the di-
, reCtor'S written proxy. The majority
Of the members of the said board Of
= directors shall constitute quorum for
!, the transaction and management of all
. business Of said corporation. They
may make such bylaws, rules and
, regulations as they think proper for
the transaction of the business and
: I affairs OF said CORPORATION.
ARTICLE X-This act of inCorpora-
tiOn may be changed, modified or al
tered. or said corporation may be dis
| solved with the assent Of thrce-fOurthS
. of the amount of present or represented
. at any general meeting of the stock
holders of said corporation, convened
. | for that purpose, after previous notice
given in the manner hereinabove set
! forth in Article N. But any and all
. / meetings of stockholders, whether for
the purpose of liquidation or for any
, purpose may be held at any time with
out notice by unanimous consent of
I all stockholders filed in writing by the
|, secretary.
ARTICLE XI-No stockholders shall
ever be liable for the contracts or faults
of this corporation in any further sum
than the unpaid balance due the COM
pany on the shares owned by or sub
scribed for by him; nor shall any in
fOrmality in the organization have the
effect of rendering this charter null,
or of exposing the stockholders to any
= liability.
ARTICLE XII-Whenever this cOrpo-
ration is dissolved. either by limitation
! or from any other cause, its affairs
shall be liquidated under the Superin-
tendency of three stockholders, to be
, chosen for that purpose by three
: present or represented at general
: meeting of stockholders at which the
election is held. Said commissioners
|, shall remain in office untl the affairs
! of said corporation shall have been
! fully liquidated. In case of the death
: of one of the commissioners. refusal
or inability TO act, the remaining COM
missioners shall continue to act and
: shall elect another stockholdeg in the
place and stead of the commissioner
I who has ceased TO act.
! This said charter shan serve as the
q original. subscription list, the sub
: scribers hereto having set opposite
c their respective names the number OF
: shares of stock for which they have
subscribed.
Thus done and signed in my office
i'm the city of New Orleans, on the day
: month and year first above written, IN
: the presence of c. J. Estopinal and )
n T. Davilla. competent witnesses, resid-
: ing in this Parish, who hereunto sign
n their names with the said appearers
and me. notary after due reading OF
9 the whole.
Fred ]. Allen, $50 shares; LANCE w
. Allen. $50 shares; F. Y. HidalgO. 1eC
: shares; c. J. Estopinal, S. T. Davilla
= JOHN c. O'CONNOR,
: Notary Public.
q 7, the undersigned Recorder of Morr
9 cages, in and for the parish of Or
leans, State of Louisiana, do heret >
: certify that the above and foregoing
9 Act of Incorporation of the Fred ]
/. Alien Company. Inc, was this day
: duly recorded in my office in Bool
| 1868, Folio 297.
II New Orleans, May 2, 1922.
~ CSigned) ROBT. SCOTT,
- Deputy Recorder.
the undersigned Notary Public, IL