The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-08
CHARTER.

State and whenever an increase of said
capital stock shall have been author
lied, fifteen days written notice shall
be given to each stakeholder within
which time the present stockholders IN
the corporation shall have the right 10
subscribe to said increase of stock IN
proportion to the number of shares OF
stock held by them and which shares
shall be paid for at such time and IN
such manner as the board of directors
may direct. After the expiration OF the
SAID time for subscriptions and pay
ment, the board of directors may DIS J
pose OF the shares not taken. Tor the /
benefit of the corporation. in such man
ner as they may think proper, at not /
less than par.
ARTICLE Vino stakeholder shall 7
sell or otherwise dispose Of any share /.
or shares Of the capital stock OF TINS ,
corporation until ten days prior notice
of such intent to do so shall have been
given in writing to the corporation,
during which time any one or more
Of the stockholders shall have the
privilege of purchasing said stock so
offered at the actual value. based upon
the books OF the corporation.
All transfers of stock shall be made
on the books of the corporation 10y sur
/ rendering the certificate thereof TO the
| word cancelled prominently across
/ the face thereof and erase the prcsi-
dents signature therctrom before is
! suing a new certificate.
I Ill. VI
! by meetings of the stockholders each
| share shall he entitled To one Vote to
be cast either by the person in whose
name the stock appears ON the books
| of this corporation at the time Of Vot-
! ing or by an attorney holding sdld
stockholders written proxy.
ARTICLE IN-The business and cor
puratc affairs of this corporation shall
bc transacted 10y board of directors,
of not less than three directors, nor
posed of stockholders thereof and they
and each OF them shall be elected at
a meeting to be held for that purpose.
Any vacancies in the board of direc-
tors 50 elected shall be filled 10y the said
board of directors. LeOnora F Had
den, 1914 St Mary Street. New Orleans,
Lit; Sidney g. Ford. 461l Venus street
New Orleans, L., Louis \, IomponTTan.
VIM. Mel. FayssouN. 1908 Peters Ave
nue., New Orleans. La, shall constitute
the first board of directors ana
/ shall hold office until the FIRST
constitute the first board of directors
I and shall hold office until the first
Monday after the second Tuesday IN
; January, 1923, or until their successors
! are elected and qualified, ana edch
subsequent board shall have their
seats Immediately following their cleo
, ton. or as soon thereafter as prdcti,
cable and shall hold their office until
{. their successors shall have been eject
l ed and qualified. The directors here
inabove named shall elect their OWL
officers.
, The officers elected and designated
? to serve until the first Monday after
). the second Tuesday in January 1873
10 or until their successors shall be elect
h ed are as follows: LeonOra +. MADDEN
r 1874 St Mary Street, New Orleans, La
| president; Louis \. Pomponeau, 400
Venus Street New Orleans. La, vice
l. president: Sidney &. Ford, 461l Venus
/ Street. New Orleans. La, treasurer.
On the first Monday after the secon
Tuesday in January 1928 and annual,
thereafter. an election of directors, d
/ the stockholders shall be held at tn
: office of the corporation after flttee
"a days notice thereof shall nave pee
le given by publication in one OF the Dan
v papers in this city, by three publica
* lions thereof during said time. the mrs
to be made fifteen days prior to san
meeting Every board of director
shall at it's first meeting after its ele'
ton or as soon thereafter as pract
cable. elect from their own number
president vice-president and urea
urer The board of directors shall ais
elect a secretary, who may OF not be
member of the board. The office
- the secretary and treasurer may
T. filled by one and the same person at u
discretion of the board.
of \ failure to elect directors on u
of date above specified shall not dlssol
lis the corporation, but the then eNlsuI
ur board of directors shall continue in Q
nd flee until their successors are electe
&c Fifteen days prior notice shall be CIV
he in the manner hsreinabove provide
re which notice shall be full and compile
o. notice to all stockholders of such NEE
nd ing.
nd ANY director shall have the right
nd be represented at any meeting OF l
e board of directors of this corporate
Err by an attorney holding said director
ms written proxy.
I'd, The majority of the members of sa
20 board of directors shall constitute
nc quorum for the transaction ana ma
Dr. agement of all business of said &C
We poration. They may make such 0
81 laws, rules and regulations as they III
~ ~ think proper for the transaction or |
NJ business and affairs OF said corpoI
IN ton and change, alter and amend saI
10 at pleasure, appoint and fix salaries
Al all officers, clerks and employees, l
W same TO change and dismiss AT pre-
- ure, fix salaries for officers proVld
Or for herein; sell, convey. mortgai
zee pledge, lease and purchase proper
la' movable, immovable and personal D'
iu- row money, issue notes and bonds, lie
ION money, make contracts and sign a
- cause to he signed all necessary itc
r oo deeds. etc, to take judicial proceeuln
re- in the name and on behalf OF TINS G.
poration, and to do all things wh
MS NAV be necessary to be done in
e" management of said business ana m
~ be permitted by laws applying to c
% porations and declare dividends.
n H. ARTICLE N-1niS act OF
,e- ton may be changed. modified or
NE tered or said corporation may be
and | solved with the assent OF two-tri
,rar of the amount of stock present OF
presented at any general meeting
mr. the stockholders OF said corJoratl
mr. convened for that purpose, "Iter J
ess vious notice given in the manner ne
de- inabove set forth in Artlc'e IN
any and all meetings of stockhold
net whether for purpose or fllquldaton
emf for any other purpose, may be held
lies any time without notice, by unanlm
ye consent of all stockholders in writ
Iure filed with the secretary.
yer, ARTICLE XI-The president. or
line ing president. may in his dlscre
tive and shall upon the written request
-ade one stockholder. call special meel
nps. of the stockholders of this corporal
arts ARTICLE XII-No stockholder
ma ever be liable OF responsible '1or
pro- contracts OF faults of this corpora
sell, in any further sum than the UNI
/; to balance due to the company on
ucts shares owned by or subscribed LOT
use him: nor shall any informally in
and Organization have the effect OF rem
pur- ing this charter null or OF expo
rect, | the stockholders to any naDlIlty.
gar ARTICLE Xlll-WheneVer lnis
Incl poration is dissolved either by liqu
tent ton or from any other cause, us
sel1. fairs shall be liquidated under the
:. perinteI dency of three stockholders
and be chosen for that purpose by
: the thirds in the amount of the stockf
this ers present and represented at a
such eral meeting of the stockhol
the a, ,,bicb the election is held.