The herald., 1922-04-06
CHARTER

of one hundred $4,000 don-
shall be paid for in cash odfs eaA
at par, in payment for may BE-
purchased by or services roperty arsS
corporation at such times aeaneered IA
stallments as the board Of u y, In HS NJ
direct. VI directOr, 4
The amount to which tho
OF this corporation NAV h. eapltal =.
hereby hNed ~ the sum 90 mereasS
thousand iSlO0. OO dnn one h0,s
into and represented by liars, an
llOoO) shares Of the bar Vne thoVsF n
hundred tSlOJ0W dollars Siue Of
stock. or any part thereof. mn ani
on complying with the reoT;:,. Be -
law. and SAID stock so issnad ssues
Tor IN cash, or may be issnaS al b h.
pay Hle"t LOT property actuallv a. "a
ny, or I"I srI'lge rendered n pu'dls
stallments as the board OF an IN sud
direct. uifect0rs :, +
This corporation shall be au,,..
Germ as soon as one.baIt going
stock. to wit. twentv.s VI It's ar
$25,O000O) dollars, is subsr,,s. aoCss
ARTICLE v--Al the power,
corporation shall be vested ;s o. a.
CiSed by board of directors ~ and "a
annually on the first Mondav os ek,s
of each year. and q maiori,'" fehr,s
shall constitute quorum 70, VI Va
action Of business. and m. we Ia
votes cast shall decide ali onea!Ienil
such elections shall be SS,ssesuOhs
office Of this corporation unSosu
pervisiOn Of three commisSioSr lie
appointed by 'Le presiden, to
such election and " all Other rn AVte
Stockholders whatsoever. nnla.se
in writing, shall be given narss,I1a.
by dcpOsiting in the United s,Oaals
Office in New Orleans. AT Isae a.a =
DAYS before such meeting, a not;c. nisE
holdlnS therroi. enclosed in
wrapper addressed 10 each s,os ssSssga
at the last address furnished -
poration by said STOCKHOLDERS 9s
event that no address be fnrnjIIn
address General Delivery. Nsw q, u
At least two days before said rN onaa h
complete list of the Stockholds,. ui
TO vote shall be open to inspectio, euuil
stockholders at the place Of said
At said election, and at all otha, .sas
of stockholders, the voting shan
ballot, and each stOckholder shan
titled TO one vote for each sbara
standing in his name on the hool.. %
company, to be case in person
proxy.
Fifty per centum Of the ou,,,,..
| capital stock Of this cOrporstos
constitute a quorum at any and an
| ings for the transaction Of anv ~
business, except as otherwise pror+S.
law. The majority of stock yo,aS
decide all questions, except as oth...1
provided by law or this charter,
Vacancies occurring in the hoard :,
| rectors, because of death, resignsss.
otherwise, shall be filled by the rsmss.t
members of the board by selection ~
the other stockholders. W
The failure to hold an animal 49,.
or to elect directors as above p,.1..
shall not dissolve the corporation IN, y
directors and officers then in offirs ~
cause an election to be held as ssa,
| possible thereafter, notice Of wh,es ~
be given as above provided for the I'M
ing of the annual meeting Of 60
holders, pending which election III, -
directors and officers shall remain !. ~
until their successors have been dulv -
ed and shall have qualified.
The board of directors shall vs,.
thirty days of each annual election -
from their own number a president n, 1
vice president. and shall also elect =
rotary and treasurer and shall have nan,
to combine the Offices or secretsr, nj
treasurer in one person.
| The board of directors shall hav, Al
power of delegating all or any :, N
power in the transaction Of the bps,..
of this corporation to a committee or IN
mittees of its own body or to officers n,
agents of this corporation, and the bSs
OF directors may appoint from tine n
time such officers, managers. csA
agents or employees as they NAV On
necessary or proper for the conduc 4
the business of this corporation, and nj
officers, managers, clerks, agents and q
ployes shall hold Office only at the pls,
ure of the board.
Any and all directors shall hold ofs
at the pleasure of the stOckhOlder vi
may at any general meeting held for u
purpose, on notice as above provided Il
the holding of the annual meeting Of stei
holders, declare such dircetorships uur
and elect their successors, and 1t shall /
the duty of the president or secretau b
call a meeting for that purpose at TIE v
quest in writing of ten per centum d d
capital stock of this corporation then o.
standing.
The board Of directors shall have pms
to adopt bylaws for the goyernmsli
this corporation and alter, amend u
abolish the same at its pleasure at ~
general or special meeting Of the bes
and no previous notice of any intention
alter. amend or abolish the bylaws NJ
be required.
The first board of directors shall be CO
posed of w. l.. O'Daniel, L. T. Tucker ].
II. f. Clark, of New Orleans, La u
shall hold their offices and exercise hs
functions until the annual election
held on the first Monday Of Febrs,1
1923, or until their successors are ~
elected and qualified subject to The q
ditions hereinabove provided.
ARTICLE VI-This act of incorport'
may be modified, added to or chang
or said corporation may be dissolEa
the manner provide by law Of the star
Louisiana at the time such action Is ule
and whenever this corporation "a
solved, either by limitation or othefs'
its affairs shall be liquidated By n'
liquidating commissioners to be eco
at a general meeting Of the stockhoass
called for the purpose Of voting On
question of liquidation, or Thereafter J
. In case of the death or resignation o. !
of the said commissioners, the sarf'a
or remaining commissioner or con1.
sioners shall continue to act, and u =
of death or resignation OF ell Of w
three or more commissioners snsn
elected by the stockholders to comp
the liquidation.
All meetings of the stockholders sne
rectors shall be held In New Ofie,ns
: the office of the company, or II ~
office, at some other accessible p1I
business, and any and all notices prom
Z by law or this charter to be gNn
' stockholders or to directors MAJ
. waived by the unanimous consent
I stockholders or the directors respscI.s !,
! except as otherwise provided by tns =
( of the State Of Louisiana.
ARTICLE Vino stockholod
J, ever be held liable or Responsive ~
contracts or faults Of this eorponss% ~,
Q any further sum than the unpaia 80 =,
!. due the company on the shares VI y
Z subscribed for by him, nor shsh ~ ~
formality in the organization Of ~. 4
1 poration have the effect OF renoen'ss -
!. charter null, or Of exposing any IA
3 holders to any inability beyond s'''
: paid balance due on said stock
In order that this charter nH 4s
|, serve as the original subscriptioh N.
= quired by law, the subscribers 70. q,
of incorporation have also wiz sss,r
: site to their respective names n 4
y spectiye addresses and the amour.