The herald., 1922-05-11
CHARTER.

=
dealing in the articles set out in the
foregoing paragraphs.
To apply for, purchase or otherwise
acquire and 30 dispose of patents and
copyrights in the United States and else
where.
To purchase or otherwise acquire all
or any part Of the business, goodwill,
rights. property and assets OF all kinds,
and assume all or any part Of the liza
bilties Of any corporation, association.
partnership or person engaged in any
business included in the foregoing pur-
poses and objects.
To acquire and take over as a going
concern and to carry on the business
of any person, firm, association or cor
pOration engaged in the business which
this corporation Is authorized to carry
on. and in connection Herewith to ac-
quire the goodwill and all or any part
Of the assets, and to assume or other.
wise provide for all or any of the liza.
bilitieS OF the owner or owners OF any
such business.
To purchase or otherwise acquire real
estate and lease holds, or any interest
therein. in addition to such as may be
necessary for the purposes hereinabove
expressed, and to own, hold or improve.
sell and deal in the same. so far as and
| to the extent that same may be done
| and performed by corporations organ
lied under the General Corporation Act.
To purchase or otherwise acquire real,
mixed and personal property of any
kind that may be lawfully acquired and
| held by a corporation organized under
| the General Corporation Act, and in par
| ticular lands, leaseholds, shares of stock,
mortgages, bonds, debentures and other
| securities. merchandise. book debts and
claims, copyrights, manuscripts, trade
marks, trade names, brands, labels,
patent cavsats and pa,ent rights. licenses,
| grants and concessions, and any interest
| in real or personal property.
| To and no Sna1. borrow money :.
| to make, accept, endorse, execute and
issue prOmissOry notes, bills OF exchange
| bonds, debentures and other obligations
| from time to time, for the purchase OF
property. or for any purpose in or about
the business Of the company. and to Sc
cure the payment Of any such obligation
| by mortgage, pledge, deed or trust, or
| otherwise.
To enter into, make perform and carry
| out contracts of every sort and kind
| which may be necessary or convenient
| for the business of this company, or
| business of a similar nature with any
| person, firm, corporation. private. pubic
or municipal body pOlitid under the
| government OF the United States, or any
| state territory or colony thereof, or any
| foreign government, so far as and to the
| extent that the same may be done and
| performed by corporations organized
under the General Corporation Act;
| To make and use a corporate seal.
| The foregoing enumeration OF specinc
powers shall not be deemed to limit or
| restrict in any manner the general pow
| ers of the corporation, and the ENJOY.
| ment and exercise thereof, as conferred
by the laws of the state OF Louisiana
| upon corporations organized under tha
provisions of the General Corporation
| Act.
| To do all and everything necessary.
suitable and proper for the accomplish
ment Of any OF the purposes or the
attainment of any of the objects or the
furtherance of any of the powers here
| inbefore set forth, either alone or asso-
ciated with other corporations, nrms or
individuals, and to do any other act or
acts. thing or things incidental or per-
tanning to or growing out of or con-
nected with the aforesaid business, or
powers, or any part of parts thereon
provided the same be not inconsistent
with the laws under which this corpor'
alton Is organized.
| ARTICLE III. The domicile of this
corporation shall be in the City of New
Orleans, Parish Of Orleans, State oil
Louisiana, and all citations and other
legal process shall be served upon the
President of this corporation; or. In
case of his absence, upon the wee,
President; or, in case Of the absence oil
both Of these officers, upon the Secretary
Treasurer.
ARTICLE Nv. The capital stock OF
this corporation Is hereby declared to
be Ten Thousand Dollars $4,000, which
may be increased from time to time. In
the manner provided by law, to 1--WE
Hundred and Fifty Thousand Dollars
. (S25OOOO), any part of which increase
|, NAV be preferred stock as hereinafter
Said capital stock of Ten Thousand
Dollars ($1O,OOO) is divided into on,
hundred QOO) shares of common common stoe S
of One Hundred Dollars lS1OOl each
which said common stock shall nave I
voting power of one ~ vote for eact
, share of stock, which vote may De cas-
, by the stakeholder in person or by proxy
, at all general elections or meetings o
the stockholders, and the aforesaid proxy
need not be a stakeholder Of the cor
poration. Said capital stock Is to D.
, paid for In the manner provided by law
1 In the event Of an increase OF TN
: capital stock of this corporation
herein provided. 1t shall be first offere'
to the stockholders Of the company II
, the proportion to their ownership
stock as shown by the books OF the com
, pany, and should any stockholder re
: fuse or fail to purchase the STOCK allot.e'
, TO him, 1t shall be offered to the re
> naming stockholders in proportion 9
|, their ownership of stock, and this pro
1 cess shall be continued until all the stocl
is sold. II the stockholders fail or re
A fuse to purchase the STOCK IL snah
v | sold to other persons.
Preferred stock, when issued, shali no
= exceed ten (10) per cent, cumuiatV
/, dividends. payable annually, on sue
4 dates as may be determined oy the Boar
. of Directors, out Of any and all surpiu
: or net profits, before any DIVIDENDS sha
4 be declared, set apart for or paid upo
the common stock. Said DIVIDENDS
"a the preferred stock shall be cumulative
!. so that IL the corporation shall ran !
n any fiscal year to pay such DIVIDEND
a on all of the issued and outstanding pre-
. ferred stock, such deficiency in the DIV
!, dends shall be fully paid, with interes
!, not to exceed eight 49, per cent, o.
fore any dividend shall be declared, 5,
lapart or paid upon the common stocl
Subject to the foregoing provisions, tn
preferred stock shall not be entkied
4, participate in any other or additions
earnings or profits of the corporatio
Preferred stock may be retired by
at any dividend period out OF the carr
/. ings of the company at One Hundre
and Five Dollars ($105) per shar
= plus accumulated dividends and intere
A. thereon.
: In the event of the dissolution or iqu
!, dation of the corporation, or the sale
y ali of its assets, whether voluntary
involuntary, or in the event OF It's
solyency or any distribution OF It's ca
ital. there shall be paid to the hoide
OF the preferred stock the par van
thereof, to-wit: One Hundred Dolia
n, ner share. and the amount Of all unpa
n, accrued dividends and interest thereo
is before any sum shall De pais OF al
in assets distributed among the hoiuers
ne the common stock and after the pa