The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-22
CHARTER.


directors shall be elected annually, by
ballot, by the stockholders, on the I IS
Monday in May in each year Eacn
stockholder shall be entitled In petson
or by proxy, to a vote for every snare
owned by him, and all elections SHAH
he held under such rules and reSuia-
tions as may be determined by. tne
Board of Directors, after fifteen (lol uay
notice by mail of such election shall nave
i,eeB sent to each stakeholder at his last
known address. The directors thus
elected shall continue in Once lot one e
year, or until their successors snail haSe
been duly elected and quallhed' W
failure to elect shall be regarded as
forfeiture of this charter. ANY vacancy
occurring OH said board shall De hlIeu
by the remaining directors for the un
expired term; the said board shall Ike
wise elect the additional members in case
they should determine to increase the
number Of said board. Said board sha'
at its first meeting after ITS eIeGtloh
nominate out of its number a PRESIDENT
Treasurer, a Vice President, and Sec
rotary. Said board shall have the right
to consolidate or Segregate any TWO Oh
said offices into one and TO appoint
Secretary who need not be either dlrec-
tor or stakeholder, as also the right to
appoint and dismiss such clerks, man
ayers and other employees or the cor
pOration as conditions may Justlfy OF
the business of the corporation may re-
ouire. The tenure of office of all the
employees of the corporation shan De
during the pleasure of the Board OF
Directors. Any of the directors shall
have the right to appoint, by written
instrument, another director or stock
holder to act as his proxy and IN MS
stead at any and all meetings OF the
Board Of Directors.
ARTICLE VI. No stockholder shall
ever be held liable or responsible ior
the contracts, faults or debts Of said
corporation, nor shall any mere infor-
mality in it's organization have the effect
of rendering this charter null, or OF eN-
posing a stakeholder TO any liability De- De.
yOnd the unpaid balance due on the
shares owned by him.
ARTICLE VII. This act of incorpor-
alton may be changed, modified or altered
or this corporation may be dissolVed'
with the assent OF the stockholders own
ing twO-thirds of all the stock or the
corporation, at a general meeting con-
vened for that purpose, and after at least
ten days written notice OF this meet-
ing has been given through mail, ad-
dressed to each stakeholder at his last
known place of residence. In case OF
dissolution by the expiration of this
charter or otherwise, the stockholders
shall elect three liquidatOrs from among
their number to liquidate and settle the
business and affairs OF the company. In
case of death or disability Of any Of said
commissioners or lquidators, the sur.
vivors or the remaining liquidat0rs shall
/ "a
liquidators shall have full power to
settle said company's affairs. collect out
standing debts, sell and convey prop
erty, pay its debts, and convey the re-
manning money and property among the
stockholders. They shall also have power
to meet and act under the bylaws OF
the corporation and under regulations
to be made by a majority Of said liqui-
the terms and sale of said property, and
the manner in which the same shall be
made. and take notes and bonds, secured
by mortgage or otherwise, for part of
the purchase price for all or any part
of said property: provided. however, that
the rights herein conferred upon the
liquidators may be modified, changed or
! denied by a majority Of the shares. OF
The said liQuidators shall have authority
to sue for and recover the debts and
property in the name OF the corpora
ton. aud may be sued by the same
name, and they shall be liable in solido
TO any creditor or stakeholder for the
moneys and property of the corporation
which shall come to their hands or pos
session as liquidators and for the proper
application and distribution thereof
ARTICLE VIII. Richard Albert Leigh
whose postOffice address is 1929 Encamp-
ment street, New Orleans. La, has sub
scribed to one hundred and ninety-eight
shares; Albert p. DONATIONS, whose ad-
dress is 1870 Ursuline avenue, has sub
scribed to one share. and Philip Foto
whose postoffice address is 1901 y. Broad
street, New Orleans, La, has subscribed
to one share.
Until the election to be held on the
third Monday in May, 1923 the follow
ing named shall constitute the first
Board of Directors, viz: Richard Albert
Leigh, Albert p. DONATIONS, Philip Foto,
with the said Richard Albert Leigh as
President Treasurer, Philip FOto as Vice
President, and the said Albert P. Bon
nations SIS Secretary.
Thus done and passed in my office on
the day, month and year first above
TwOmey and Joseph l.. Weiss, competent
witnesses. who have signed with the par
ties and me, Notary, after reading the
whole.
Original signed: r. A. Leigh. Phil
FotO, \. Z. donations.
FELIX J. DREYFOUS.
Notary Public.
Witnesses:
+. b. TWOMEY,
J. l.. WEISS.
l. the undersigned Recorder of Mort
cages in and for the Parish of Orleans
/ State of Louisiana, do hereby certify
that the above and foregoing act of in
corporation of the LUMBERTON BROOM
| AND MOP HANDLE FACTORY, INC.
was this day duly recorded in my office
| in book 1868. folio 32S.
New Orleans, May IL, 1922
| ROBT SCOTT,
by. Recorder of Mortgages
true copy from the original act.
| FELIX J. DREYFOUS,
Notary Public.
May 1S-June 80