The herald., 1922-08-10
CHARTER.

| 3. Immediately, or as soon as practi-
cable after each annual election, the di-
rectors shall elect from their own num-
| Der, the president and the vice president,
and shall also elect the secretary treas
| urer.
| L. The names and post office addresses
of the first board of directors are as fol-
lows: Bishop c. Perkins, 203 \. Peters
ST., TO serve three (3) years; Lewis a.
Sherck, 233 n. Peters ST., to serve three
| (3) years. Emile A. Rainold. 3Ol \. Front
| ST, to serve three (3) years; Philip T..
Valee, 20i Decatur ST., to serve two (2)
| years; Charles +. Fenner, SIS Gravter St,
to serve two (2D years; John Bertonlere,
| 1920 Whitney Bldg, TO serve one ll) year :
Jos. e.. LeBOurgeOiS, 1913 Carondelet Bldg,
to serve one % year. Emile A. RalnOld'
| shall be president; Charles T.. Fenner
shall be vice president; and John j. Shee-
han, New Orleans La, shall be secretary
| treasurer.
Said officers and directors shall hold
| office until their successors are elected
and qualified and the failure TO hold the
| annual meeting and elect directors, snail
not affect this cooperation nor impair It's
| engagement in any respect, but the d.
rectors and officers in ogice shall con
| tinue until their successors are elected.
| D. All vacancies in the board of direc-
| tors may be filled for the unexplred term
| by the remaining directors.
! g. The board of directors may make,
amend or repeal all by laws, rules or
| regulations, which they deem proper, for
| the regulation Of the corporation. All
transactions between the corporation and
its stockholders shall be conducted in &C
cordance with such bylaws and shall be
deemed to have been entered into subject
to all the provisions thereof.
Z. All elections by the stockholders
shall be by ballot, at the Office OF tht
company in accordance with such regula'
tions as the board of directors may de
| termine and at every such election and
at all meetings of the stockholders, each
share of stock shall be entitled to one
| vote. to be cast by the registered owner
or by his agent or representative by writ
ten proxy.
ARTICLE vi This act OF incorpOr-
alton may be modified. changed or al
| tered, or said corporation may be dls'
| solved, with the assent OF twO-thlrds O
the capital stock outstanding at a meet
ing of the stockholders convened for tina
purpose, and after fifteen days written no
tice has been delivered in person or given
| by letter mailed to the last known al
dress Of each stakeholder. The said no
tice may be waived by the unanimous
consent of all the stockholders.
.. In case of the dissolution OF the cor
poratiOn, its affairs shall be liquidated by
one or more liquidators elected by the
majority vote of the stockholders. with
such powers compensation and duties as
the stockholders may determine.
ARTICLE Vino stakeholder shall
ever be held liable for the faults or con-
|
sum than the unpaid balance due TO the
corporation on the shares subscribed by
him, nor shall any mere informaIty IN
organization have the effect rendering TINS
| charter null or of exposing any stock
holder to any liability beyond the unpaid
| balance on his stock.
| ARTICLE VIII-No stakeholder in the
corporation shall hpld more than one
share Of stock. II a stakeholder be In
dcb,ed to the corporation, the directors
| IN
his stock until such Indebtedness Is paid
If any stakeholder is a member OF a part
nership, more than one member OF which
| shall be stockholders OF the corporation
such members of such partnerships shall
be entitled to only one vote for theil
combined shares. Dividends in excess OF
six per cent $50 in any one calendar
| year shall not be declared or paid.
| ARTICLE IX-The corporation may
purchase shares of its own stock. paying
for the same out Of the surplus profit,
and not otherwise. Such stock may D'
resold for such price, not less than par
| a. the directors may fix. The corpora
ton shall have the preferential option e
purchase at par. the stock of any stock
holder desiring to sell the same. AMI th'
option or right to purchase At par th'
stock of any stakeholder who is not, ol
shall cease to lie. Clearing Member,
in accordance with the definition of
Clearing Member" contained in the by
laws. In case of the death of stock
lh0l0er, the corporation Shall nave tuS
J option to purchase his stock at par from
his executors or administrators. Sucl
, option to purchase may be exercised D!
the corporation within ten (1O) days aftel
il shall receive notice in writing OF tn
stockholders desire to sell his stock, Of
whenever the stakeholder shall not be
Clearing Member" or sixty (6Ol day
, after notice is writing of the appointment
, and qualification OF his executors
administrators.
| ApTJCIE V-The Subscribers heret
have respectively written opposite thei
names the amount of stock subscribed b!
them in this corporation, so that thi
act of incorporation may also serve a
the original subscription list of the cor
poration, and they have stated their pos
office addresses so as to conform with Ac
267 of 1914.
: Thus done and passed at my office Il
the city of New Orleans, state of Louisi
ana, on the day, month and year herei
: first above written in the presence OF u
f. Whitehead and Russell Pool, competen
witnesses of the full age of majority AM
signed their names with said appearer
and me- notary, after due reading OF tn
, whole.
Original signed):
f. A. Rainold, 3O1 n. Front ST., 1 share
! Lewis A. Scherck, 233 n. Peters St,
share; p. f. valiee, 2O4 Decatur ST..
share: Chas. f. Fenner, SIS Gravier st
; share: ]. c. LeBourgeois. Carondele
! Bldg, / share; G. Poche WaguespacE
221 " Peters St., 1 share; John Der
tionere whitney Bank Bldg, / share
r. NJ Murphy, 301 N. Front St, l share
Witnesses: b. 4. Whitehead, Russell
Pool.
' CHARLES ROSEN,
Notary Public.
New Orleans, La, June 80. 1922.
I. the undersigned Recorder of Mort
cages. in and fer the Parish of Orlean
State of Louisiana, do hereby certify tina
: the above and foregoing Act of lncorpora
e ton, was this day duly recorded in m
e office in Book No. 1868, Folio =, Me-
| Orleans, June So 1922.
(Signed), ROBT. SCOTT,
: Recorder of Mortgages.
= 1 hereby certify that the above an
: foregoing is a true and correct copy {
= the original thereof on file and Of recor'
= in my office in this city.
: Witness my signature and official Sea
: at New Orleans, La, this Both day 9
4 June. 1922. -
: CHARLES ROSEN,
2 Notary Public.
e July g. Aug.10.
Y CHARTER OF JAMES f. TURNBULl