The herald. [volume] (New Orleans, La.) 1905-1953, 1922-03-02
CHARTER.

this corporation is hereby declared to
| be the sum of Fifty Thousand Dollars
! (S50,0O0.00), divided into five hundred
I (jO0) shares of one Hundred Dollars
| (SlO0.OO) each, and the amount of each
share shall he paid for in accordance
with law. The capital stock OF this
| corporation may be subsequently in
creased to One Hundred Thousand Dol.
lars (SlOO O0O 0O).
! Full paid capital stock Of this corpor-
alton may be issued in settlement o.
services and things of value actually
/ acquired by the corporation when same
shall first have been appraised by the
] Board of Directors of the corporation, as
| provided by law.
! As the capital stock Of this CORPORA
| tion subscribed for Is to be paid for by
| the conveyance to the corporation of
merchandise and other articles Of value
/ there is annexed to these articles Of in
| corporation TO be read in connection
| Herewith, an accurate detailed and item
| lied description or such property as 10
| amount, location. extent, character and
| state of Improvement together with a
| statement of its value as appraised by
the Board of Directors of this corpor-
| alton.
ARTICLE V. The corporate powers of
| this corporation shall be vested in
! Board of Directors 10 be composed OF
| three directors two of whom shall con-
| stitutc a quorum for the transaction of
business, to he elected by the stockhOld
ers at general meeting to be held on
year; provided, that there shall be no
such election in the year 1922.
At all meetings for the elections of
this corporation, each StOckhOlder shall
| I've entitled to one vote for each share
| of stock standing in his name on the
books of the company. which vote shall
be cast in person or by proxy.
The Board Of Directors shall have the
power to make all bylaws. rules and reg
ulatiOnS necessary for the conduct Of the
In. ff.fw - .-.asf .,Tt saV,l
they shall elect from their number
| President. Vice. President, and Secretary
| Treasurer.
Until the election to be held as here
lnabOve provided, the following shall con-
Stitute the first Board of Directors: Geo
l.. DucrOS. Robert DuCrOS and Sidney j.
DucrOs with George l.. Ducros as Pres
ident, Robert DucroS as Nice-President,
and Sidney j. Ducros as Secretary
Treasurer.
ARTICLE VI The capital stock Of
this corporation may be increased or de-
creased at any time in accordance with
the laws of this State. This charter may
be amended, altered or modified, or the
corporation dissolved by a vote of two
thirds of the stockholders, voting by
shares at a meeting convened for that
purpose, after fifteen days previous per
sOnal notice. or such notice that may be
required by law, of such meeting shall
have been given.
ARTICLE VII. No stOckhOlde+ of this
corporation shall ever be held liable t0-
any of the Indebtedness. contracts or
| faults thereof. in any further sum than
the unpaid balance due the corporation
on the shares owned by him, nor shall
any informality in the organization have
the effect of rendering this charter hull
| or of exposing a shareholder to any LA
bility whatever.
| ARTICLE VIII. A failure at any time
to hold a meeting or elect directors or
officers as herein provided, shall not work
% oh iii Va
the corporation, but the existing Board
of Directors and officers shall continue
in office until their successors in office
have been elected.
( ARTICLE IN. At the expiration of
this charter, unless sooner dissolved, its
affairs shall be liquidated by one or more
commissioners to be appointed by the
stockholders in meeting. assembled for
that purpose, and who are invested with
full power to sell all the assets and prop
erty, real and personal. of this corpora
ton, and to convey a full and complete
title thereto, and to do and perform all
acts essential to a full and Complete liq-
uidation of the affairs of this corporation,
and to divide the proceeds, if any, in
| accordance with law.
Thus done and passed at my office in
the City of New Orleans. Louisiana. on
. the day and in the month and year first
hereinabOve written, in the presence OF
Muriel Saxon and Rene y. Niosca. COM
petent witnesses, whose names are here
unto subscribed as such. together with
, the said appearers and me, Notary. after
reading of the whole.
Names of subscribers omitted)
, Witnesses:
RENE A. vIOSCA,
MURIEL SAXON.
= EDW. HASPEL.
/. Notary Public.
/ I. the undersigned Recorder of Mort
Z cages in and for the Parish of Orleans
State OF Louisiana, do hereby certify
q that the above and foregoing act of in
=, corporation of the SOUTHERN TILL
= CO, INC, was this day recorded in m!
+ office in book 1863 folio =.
= New Orleans, Jan. 20, 1922.
$ (Signed) ROBT. SCOTT,
:, Deputy Recorder.
: A True Copy.
= EDw. HASPEL.
q Notary Public.
Jan. 26-Mch.