The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-18
CHARTER.

tS25.000.OU) dollars in any man
Her provided for by the laws Of this
state. and whenever an increase of said
capital stock shall have been author
lIcd. fifteen days written notice shall
ne given 10 each stakeholder within
when time the present stockholders IN
the corporation shall have The rIgur To-
subscribe 10 said Increase of stock in
proportion 10 the number of shares OF
stock held by them and which shares
shall he paid for at such time and in
such manner as the board OF directors
may direct After the expiration Of tho
sud time for subscriptions and pay
mtut the board of directors may dis
pose Of the shares not taken. Tor tn,
benefit Of the corporation. ina such man
ner as they may think proper. at not
less than par.
ARTICLE NII-No stakeholder shall
sell or otherwise dispose OF any share
or shares of the capital stock of this
corporation until ten days prior motto,
of such intent To do So shall have been
gwen IN writing To- Tn" corporation.
during which time any one or more
OF the stockholders shall have the
privilege of purchasing said stock $50
offered at Tho actual value. based rpuU
IN" books OF the corporation.
All transfers of stock shall Ice made
on the books of the corporation boy sur
rendering the certificate thereof 10 the
presiding officer who shah N,itr n.
word 'cdUCcIled' prominently across.
the rae" thereof and erase the pr,el-
dents signature therofrom before I~-
suing new certificate.
ARTICLE NGII-At an elections or
by meetings of the stockholders each
share shall 10. entitled To- on, ,Dt. to
he cast either by the person in whose
name the stock appears on the books
of this corporation at the time of yot-
ing or 10y an attorney holding 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 be com
and each Of them shall Ice elected at
a meeting to be held for that purpose
Any vacancies in the board of direc-
tors 50 elected shall he filled by the said
board OF directors. Lcouora +. Had
den, 1874 st Mary Street. New Orleans
La: Sidney e. Ford. 467l Venus Street.
New Orleans, La; Louis \. Pompontau.
4o'l Venus Street, New Orleans, Id. !.
" IN. Mel. FaySSouX. l40S Peters Ave
nue., New Orleans. La, shall constitute
the first board of directors and
shall hold office until the first
constitute the first board of directors
and shall hold office until the first
Monday after the second Tuesday in
January. 1928. or until their successors
are elected and qualified, and each
subsequent board shall have their
seats Immediately following their cleo
ton. or as soon thereafter as practi-
cable and shall hold their office until
their successors shall have been elect
ed and qualified. The directors here
inabove named shall elect their own
officers.
The officers elected and designated
TO serve until the first Monday after
the second Tuesday in January 1928.
or until their successors shall lie elect
ed are as follows: Leonora r. MADDEN.
1914 st Mary Street, New Orleans. La.
president; Louis \. Pomponeau, 1871
president; Sidney c. Ford, 467l Venus
Street, New Orleans, La, treasurer.
On the first Monday after the second
Tuesday in January 1928 and annually
thereafter, an election of directors. by
the stockholders shall be held at the
office of the corporation after fifteen
days notice thereof shall have been
given by publication in one of the daily
papers in this city, by three publica-
tions thereof during said time. the first
to be made fifteen days prior To said
meeting. Every board of directors
shall, at its first meeting after its cleo
ton, or as soon thereafter as praCti-
cable. elect from their own number
president, vice-preSident and a treas
urer. The board of directors shall also
elect secretary, who may or not be q
member of the board. The office of
the secretary and treasurer may Ice
a
discretion of the board.
\ failure to elect directors on the
date above specified shall not dissolve
the corporation. but the then existing
board of directors shall continue in of
flee until their successors are elected.
Fifteen days prior notice shall be given
in the manner hereinabove provided.
which notice shall he full and complete
notice to all stockholders of such meet
ing.
Any director shall have the right to
be represented at any meeting of the
board of directors of this corporation
10y an attorney holding said directors
written proxy.
The. majority of the members of said
board of directors shall constitute
quorum for the transaction and man
agement of all business of said cor
poration. They may make such by
laws. rules and regulations as they may
think proper for the transaction of the
business and affairs of said corpora
ton. and change. alter and amend same
II pleasure, appoint and fix salaries of
all officers clerks and employees. the
same to change and dismiss at pleas
nre, fix salaries for officers provided
FOR herein; selk convey, mortgage.
pledge, lease and purchase property,
immovable and personal, Dor
'ow money, issue notes and bonds. lend
money, make contracts and sign and
cause to he signed all necessary acts.
ittuS, etc, TO take JuulClal proceedings
IN the name and on behalf of this cor
and to do all things which
may he necessary to be done in the
of said business and may
De permitted by laws applying to cor
porations and declare dividends.
ARTICLE X-This act of incorpora-
ton may be changed, modified or al
tered or said corporation may be dis
solved with the assent of two-thirds
IF the amount of stock present or re-
presented at any general meeting of
the stockholders of said corporation,
for that purpose, after pre-
IlouS notice given in the manner here
nabove set forth in Article IN. But
any and all meetings of stockholders, |
whether for purpose of liquidation or
Tor any other purpose, may be held at
consent of all stockholders in writing
lied with the secretary.
ARTICLE XI-The president. or act
ng president, may in his discretion
md shall upon the written request of
)ne stakeholder. call a special meeting
IF the stockholders of this corporation. |
ARTICLE NII-No stakeholder shall
ever be liable or responsible for the |
or faults of this corporation
balance due to the company on the |
shares owned by or subscribed for by |
him; nor shall any informally in the |
organization have the effect of render |
ng this charter null or of exposing
he stockholders to any liability.
ARTICLE XIII-Whenever this cor |
)oration is dissolved either by liquida- |
ion or from any other cause, it's af- |
airs shall be liQuidated under the SUI |
of three stockholders, to |
)e chosen for that purpose by two |
birds in the amount of the stockhold- |