The herald., 1922-10-12
CHARTER.
shall be continued to be given until an

snail be continued to be given until an
each Board of Directors shall elect
from it's membership President. a
The o,fees snd
and Treasurer may be combined by the
Board of Directors and held by one
person. The Board of Directors may
from time TO, time, as it sees fit, APP
point or employ such other persons or
employees as 1t shall deem necessary.
The Board of Directors shall have full
power and authority to fix the salaries
of all officers and of all such other
employees as 1t may deem necessary.
| and to make and establish, as well as
to alter and amend bylaws, rules and
regulations necessary and proper for
| business and affairs of this corpora
ton not inconsistent with this charter.
| 1t shall also have full power and
authority to do all acts and things
carrying on of the bushes of this cor
| poration, and to carry out the objects
and purposes for which this corpor-
alton is organized, including the bOr-
ordinary business operations of this
corporations: and, through the President
or some other duly authorized person
or persons. to execute and issue there
for notes or other obligations of this
corporation on such terms as in its
Judgment may be advantageous. II
SHALL also nave 1ulI power and authority
to issue and deliver full paid shares
OF stock of this corporation for money
labor services, property or rights act
ually received by this corporation. and
its membership. A majority of the
directors present, either in person or I,
by proxy, shall constitute a quorum
for the transaction Of any business,
and at any meeting of the board any /
director absent therefrom may be rep
resented by proxy.
ARTICLE VII Until the first annual |
election of directors to be held under I
lied successors are elected and installed
the Board OF Directors of this corpor-
alton shall be composed of Messrs. H |,
q. Hill, William f. Penick and Roberts
c. Milling. The postoffice address OF
the said II. G. Hill is Nashville, Ten
nessee: and the postoffice address of
z the said William f. Penick and Roberts
Mr.; Fl. G. Hill shall be President, Mr. b
Roberts c. Milling shall be Vice
President, and Mr.. William E. Penick ,
shall be SecretaryTreasurer. !
be amended and the capital stock of
ms corporation may be increased or !
decreased in the method and manner I
PROVIDED by law as now or hereafter a
ARTICLE IN. No stakeholder of this 8
corporation shall ever be held liable or n
esponsibIe Tor the contracts or faults
han the unpaid balance on the stock 7
or which he has subscribed, nor shall a
ny mere informality in organization =
ave the effect of rendering this charter e
ull or OF exposing stakeholder to r
ny liability other than as above pro- h
ided for. u u
Thus done and passed in nv office Z
the city of New Orleans, Louisiana.
n the day. month and year first here 81
lapove written, in the presence of n
: r. Milling. Jr., and Jas G. Schillin. IG
ompetent witnesses, who hereunto sign
leir names with the said appearers c,
nd me-, Notary, after due reading of
lie whole.
Original subscribers: H. G.. Hill (by
:. Il. PenickD, Nashville. Tenn, 1855 o,
lares Sl2.500.00); W. f. Penick, New st
rleans, La, 1245 shares (Sl2,4OO. OO) m
:, q Milling, New Orleans, La. / shars in
witnesses: R. E. Milling, Jr., Jas. in
EUGENE D. SAUNDERS,
, Notary Public
l. the undersigned Recorder of Mort 70
yes In and for the parish of Orleans ce
ate or Louisiana, do hereby certify 90
at the above and foregoing act of So
corporation of the H. G. Hill Stores, ce
C., was this day duly recorded in nv 70
flee in Book 1879, Folio 90. an
New orleans, La, Sept. %. 1922 ri
ROBT. SCOTT. Ie.
Deputy Recorder.