The herald., 1922-11-23
CHARTER.

may provide that such officers may moi
be members of the board of directors
and they shall fix the salaries OF the of
! fcers, agents and employees. At any
meeting of the boar of directors, any
director absent from the meeting may be
represented by another director who may
cast the votes of the absent director ac-
cording to the written instructions, either
general or special, of said absent direc-
tors. The board of directors shall
have authority to make and establish,
as well as alter, and amend, all by
laws, rules and regulations necessary
and proper for the support and manage
ment of the business and affairs of this
corporation and not inconsistent with
this charter; and they shall have power
TO authorize the borrowing of money and
the issuance of notes and the execution OF
pledges and mortgages, and generally TO
do all things necessary or convenient for
the proper carrying on of the business of
the corporation. ntil the general meet
ing of the stockholders for election of the
directors. to be held in 1923, or until duly
qualified successors are elected and quail
fled, the board of directors shall be com
posed of the following: Frank Il. Hayne,
address. New Orleans, La; X. ii. Down
man. address, New Orleans. La: John
II. bernhard address, New Orleans. La. /;
Paul +. Jahncke. address. New Orleans,
La. Hugh +. Vincent, address. New Or
leans. La, provided that the board above
named and any succeeding board may
choose additional directors within the to-
tai numerical limit of the board whenever
Such total limit shall have been filled by
The directors. OF the foregoing directors
John ii. bernhard shall be president /;
Frank Ii. Hayne, vice-president: Paul +.
Jahncke, treasurer and Hugh +. Vincent
secretary.
ARTICLE VIII-This charter or act of
incorporation may be changed, modified
altered or amended by and with the con-
sent of twO-thirds of all the stock present
at any meeting. general or special held
Tor that purpose; and such amendments
may be material or immaterial subject
only TO limitations as may be by law
provided and this corporation shall have
the power 10 increase or decrease its capi-
tal stock as hereinbefore set out and any
increase in capital stock in excess of the
amount named herein as the amount to
which II may be increased may be made
bv q three -fourths vote of all outstanding
stock.
ARTICLE IX-Notice of any and all
meetings referred to in this charter or
required by law, shall be given in the
manner provided for giving notice in case
or elections. unless the same shall have
been waived
:, ARTICLE Kin case of dissolution
hIuidation or termination of this charter
Dy limitation or otherwise, the affairs OF
IN the eorporation shall be liquidated by one
or more iquidators elected by the stock
hoi1ers, who may provide the number of
salu nquidators, and vest them with
such power and authority as may be by
lnw De permitted. fix the terms and con-
uNions upon which they shall serve, and
their compensation. and provide that in
case or death or disability of any one OF
SAID liauidators, the remaining liouidators
,, Icy IN the vacancy or continue to act on
oehalf OF the corporation
ARTICLE XI-No stockboIder shall ,a
Llabie or responsible for any costs con.
Iracts, debts or faults of the Corporation.
or OF any of its officers, nor shall any
nsre informality In organization have the
rn;S Oh rendering this charter null and
,oiu' or OF exposing any stockholders TO
any liability beyond the unpaid balance
iu: on the stock held by him.
ARTICLE XII-The subscribers hereto
ave written opposite their names the
ntumoer OF shares subscribed by each of
men, and their post office addresses co
hat this charter may serve rs the sub'
scription list of the corporation: Ali OF
which subscriptions are PAYABLE in the
manner and form set out herein.
II, Ih1s done and passed at my Office in
he day and in the month and wear bere;n
p p,st aDove written. In the presence of j. !
planc Monroe and Ralph J. Schwarz com
,elent witnesses. who have hereUnfo
IA eeu eheir names with the said appearers |
Whole. s VI the
Witnesses witnesses: ]. Blanc Monroe, Ralph J.
ORIGINAL sIGNED)
Z, FRANK b. Hayne, 165 shares. Frank r. |
4 % shares New Orleans. La: r.
y, =, IoWnman, % shares. r. II. bowman. |
y shares, New Orleans, La: Hugh
Iincent, % shares, Hugh e. Vincent n
mares, New Orleans. La: John III. Bern |
1 J, go shares, New Orleans, La: paul
anncke. per Walter +. Jahncke. New
,rIeans; La. 80 shares; Paul f. Jahncke
'er Walter F. Jahncke. New Orleans. La
recorded NJ. o. B. 1919 folio $50
'"eap WILLIAM J. GUSTE.
yov 10 n. n, Notary Public