The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER

holders and TO the corporallon Inc pro-
visions of this article shall be printed |
upon the face of each certificate issued by |
the corporation, and shall be binding upon /
every person now or hereafter becoming
whom take such stock subject to the pro-
visions thereof; and all pledges hypothe- |
cations, other encumbrances OF SAID /
stock. shall be subject thereto.
ARTICLE V-An the powers of this |
corporation shall be vested in and exer- !
cised by board of five directors, each
least one % full paid and unpledged
share of the capital stock. The said board
of directors shall be elected annually, by
ballot, at the annual meeting of the cor
poration to be held on the second Tues
day in October in each year, after notice
given to each stakeholder, by mail, ad-
| dressed to his or her last known post Of
| flee address, at least ten OOl days before
the date of the meeting. The board of
directors. at their first meeting following
| each annual election. shall elect from
| their number a president, vice president.
and also, (but not necessarily from their
| NUMBER secretary treasurer, and such
| The board shall have power, in its discre-
| tion. to unite two or more offices and to
! confer the same upon one person, or TO
| dispense with any office, and shall have
| the power to fix the salaries of such Of
fcers and such further officers and agents
as they may deem necessary. At any
| meeting of the board of directors, any alb
| sent director may lie represented by any
| other director, who may cast the vote of
| the said absent director according to the
! written instructions, whether general or
| special, of said absent director. The board
| of directors shall have authority, by
unanimous consent of the board, without
referring to the stockholders. to sell.
lease, assign, transfer, convey, cucumber.
or otherwise dispose of and deliver. all
of the property of the corporation, upon
| such terms and conditions, and for such
| considerations, whether in cash, bonds,
stock in other companies. or other prop
erty, as in their discretion the directors
l nj aAN 10 hn Il
| moreover authorized to make and estab-
lish, well alter and amend. all by
laws, rules and regulations necessary and
proper for the support and management
of the business and affairs OF the corpora
ton not inconsistent with its charter TO
borrow money, and through the president
| or other duly authorized agent or agents,
! IT, execute mortgages, issue notes. pledges
bonds, or other obligations in such
amounts and on such terms as in their
judgment may be deemed advantageous;
to direct and determine the use and dis
position OF any surplus or net profts over
and above the capital stock paid in: to is
! sue and deliver full paid shares of stock
and bonds, or other obligations of the
said company, in payment for money
labor or services. or property or rights
actually acquired and received by the cor
poration. on such terms as the directors
may think proper; and generally to do
all such things as may be necessary or
convenient and proper to carry out the
purposes for which this corporation is or
ganized. and to exercise its corporate
powers. Vacancies occurring in the board
Of directors may be filed until the next
ensuing annual meeting of the share
holders by the remaining directors.
remain or not Special
called by the board at any time. and shall
be called at the instance Of the share
holders holding twenty-five t25%) per
cent of the stock of the corporation: and
OF all such meetings, notice shall be given
in the manner provided as to annual
notices m ha waiyad nv nj m
sent Until the next general meeting of
the stockholders for election of directors,
to be held under this charter on the
their duly qualified successors are elected
and installed the board of directors shall
sS%Tsss 81 ST. W% Charles B Ays
la la: wm M, B; BqTikeI1oad, Jr, P. o. ad.
S9ap Gs., Burkenroad p. o. address 51sS
Marks. P. o. address, 1881 Arabeila ST.,
, n o.. La; K. Z. Lafaye, p. o. address,
400 GeRsi1y svs n % La with W%
: faye, vice president. and VIM. b. Burken-
/ road Jr. as secretary treasurer.
ARTICLE vI-Whenever this corpora
ton is dissolved, either by limitation of
time or by determination of the stock
holders. Its affairs shall be liquidated
Under the supervision of three 80 liqui'
dators to be appointed for that purpose
at general meeting of the stockholders
convened after at least ten (10) days no
tice, which shall be sent by mail to all
. of the stockholders. at their last known
4 Office address is known, to the Genera
Delivery at New Orleans, and shall like
! wise be published for ten uO) consecu
tive days in one daily newspaper pub.
: lished In the City of New Orleans.
e In case of death resignation or inability
o to act of one Of the liquidatOrs, the va
: eancy shall be filled by the remaining
liquidators.
a Tho said lionidotors sbalI ra,o;, In ~
!. nee until the affairs Of the corporation
r shall have been fully settled aad liqui
. dated. and shall have full power and au
assets and property of the corporation
q by public or private sale, and to distri
: butte the proceeds.
5 ARTICLE vII-This act of incorpora
ton may be modified. changed or altered
n or said corporation may be dissolved will
i the assent of two thirds (2-3J of the entir,
. outstanding capital stock, at a genera
mat purpose, after previous notice shall
have been given in the same manner a,
provided In Article vi for notice of meet
d ings for the election of liquidators. An,
: increase or decrease in the capital stool
which may be proposed or made. shall
: be made in accordance with the laws Of
4 the state or Louisiana on the subject Of
altering the amount of capital stock Of
y corporations.
No stockholder shall be held liable Of
!, responsible for the contracts or faults o.
!, said corporation in any further sum thar
: the unpaid balance due on the shares o
stock owned by him, nor shall any mer,
i infOrmality in organization have the eff
: feet of rendering this charter null or ex
posing any subscriber to any liability be
yond the amount due on his stock.
a ARTICLE VIII-This corporation shall
; commence business operations as soon a
A one-half (3) of its authorized capita
r stock shall have been subscribed for ant
h One-half (R) Of the subscriptions shall
: have been paid, in cash or property. II
v order that this charter may also serve a
. an original subscription list the subscri
. bers hereto have set opposite their name
a the number of shares of each class o
: stock subscribed for by each of them.
o Thus done and passed at my office II
a the City of New Orleans, La, on the day
o month and year first hereinabove written
: ! in the presence of Walter j. SUTTON. Jr
IS and Dora Ellis, competent witnesses, re
e siding in this city, who have hereunt
: signed their names with said appearer
o and me- notary, after due reading of tn
= whole.
# Witnesses: Walter J. Suthon, Jr., Dor
n | Ellis.
r. (ORIGINAL. SIGNED)
N (Names Of subscribers omitted.)
+ WATTS X. LEVERICH.
o Notary Public
n A true copy:
n (SeaD WATTS X. LEvERICH.
n Notary Public
20 Dec. 27-Feb. /.