The herald., 1922-09-07
CHARTER

list said stock on it's books or to regard
the holder of the certificate thereof
ARTICLE VII-The corporate powers
OF this corporation shall be vested in and
exercised by board of directors com
posed of no less than three and no more
than seven stockholders, in the option of
the board of directors; two to constitute
a quorum in the ease of three; four, in the
case of more than three.
The directors Of this corporation may
vote in person or by written proxy at any
of the meetings of the board of directors {:
and the board of directors may delegate
any of its powers to any officer or Officers
or any other representative of the com
pany by appropriate resolution to that eff
feet.
The first board Of directors Of this cor
poratiOn shall be composed Of the follow
ing: Alvin f. johnson, Joseph Lee
Rhodes: John W. Hymel. Harry II.
Johnson and Edwin L. Oliveria, with Off
GERS as follows: Alvin L. Johnson, preSi-
dent; Joseph Lee Rhodes. vice-preSidrnt.
John W. Hymel, secretary treasurer, and
they shall serve until the second WedneS-
day in January, 1928, or until their sue
ICesSOrs are elected and qualified.
The directors shall be elected annually
the second Wednesday Of January in each
Notice of such meeting shall be given
ten days prior TO the date of the meet
ing. in writing and sent to each stock
holder at his last known address.
Each stakeholder shall, at such annual
meeting or other meetings, general or
special, be entitled in person or by proxy
to one vote for each share of stock owned
by him.
Elections shall be held under such rules
land regulations as may from time to tim"
be determined by the board of directors:
The directors when elected shall hold
office for one wear or until their success
Sors shall have been elected and qualified
and failure to hold the annual meeting OF
stockholders or to elect annually the di-
rectOrS shall not operate the forfeiture OF
this charter or any rights Hereunder.
ARTICLE NIII-Thls charter or act OF
incorporation may be changed, modified,
altered or amended and with the consent
Of twO-thirds OF all the stock present al
any meeting, general or special, held Tor
that purpose; and such amendments may
be material or immaterial subject only
TO limitations as may he by law provided ;
and this corporation shall have the power
to increase or decrease its capital stock
as hpreinbefore set out. and any in
crease in capital stock in excess of the
amount named herein as the amount 10
which it may be increased, may be made
by a three-fOurths vote of all outstanding
stock.
ARTICLE IX-Notice Of any and all
meetings referred to in this charter or re
,quired by law, shall be given in the man
ner provided for giving notices in case
of elections, unless the same shall have
been waived.
ARTICLE Kin case of dissolution,
liquidation or termination of this char
ter, by limitation or otherwise. the affairs
of the corporation shall be liquidated by
one or more liQuidatOrS elected by the
stockholders who may provide the num-
Der of said liquidatOrs, and vest them
with such power and authority as may by
law be permitted fix the terms and con-
ditions upon which they shall serve, and
their compensation, and provide that in
case of death or disability of any one 70
said liquidators, the remaining liquidatOrs
may ill the vacancy or contiDue to act
on behalf of the corporation.
ARTICLE XI-No stakeholder shall be
liable or responsible for any costs. con
tracts, debts or faults Of the corporation.
or Of any of its officers, nor shall any
mere informality in organization have the
effect of rendering this charter null and
void, or of exposing any stockholders to
any liability beyond the unpaid balance
due on the stock held by him.
ARTICLE XII-The subscribers hereto
have written opposite their names the
number of shares subscribed by each of
them, and their post office addresses. so
that this charter may serve as the sub
scription list of the corporation; all of
which subscriptions are payable in the
manner and form set out herein.
Thus done and passed at my office, In
the City Of New Orleans, on the day and
in the month and year herein first above
written. and in the presence of II. l.. Bar
nett and Paul L. ChaseZ. competent wit
nesses. who have hereunto signed their
names with the said appearers and me
notary. after reading of the whole.
Witnesses: ii. l.. Barnett, Paul T.
ChaseZ
ORIGINAL SIGNED
Names of subscribers omitted.
(SeaD: WILLIAM j. GUSTE.
Notary Public
Recorded Parish of Orleans, NJ o. Il
1868 folio =.
a true copy: -
(SeaD: WILLIAM j. GCSTE,