The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER.

this corporation shall he vested in and
exercised by Board of three Directors,
a majority of whom shall constitute
quorum for the transaction of business.
From the Board of Directors shall be
chosen three officers, namely. a Prcsi-
dent, Il Nice-PreSident and Secretary
Treasurer.
The first Board of Directors and the
Officers of this corporation shall be elected
at the first meeting of the stockholders
and Directors respectively held after the
passing of this charter, and they shall
serve as such until the second Monday
in January, 1924, or until their sue
cessors are duly qualified and elected.
Absent directors may vote at any d.
rectors meeting, by proxy in writing
given to another director. and made for
II specific or particular meeting.
ARTICLE V.-The corporate powers OF
this corporation are expressed and set
forth by Section Seven "a of Act 26I. OF
the year 1914. and shall be duly employed
by and through the Board of Directors.
The Board of Directors may, without
reference to the stockholders, buy, sell,
and mortgage real estate; buy, sell. mort
gage, or hypOthecate any part or the en-
tiIety of the assets, business, rights, or
good will of this corporation, all upon
such terms, conditions and for such price,
sums or assets as the Board Of Directors
shall determine.
The duties of the several officers shall
be set forth in the bylaws: which Will
be adopted by the Board Of Directors
and amended or altered at their will; and
they shall have the rights to employ,
under contract or otherwise, General
/ Manager who may or may not be n mem
! her of the Board of Directors, as said
Board of Directors may determine, and
which said General Manager shall have
such duties as shall he determined by
/ the Board of Directors and the several
officers of this Company may delegate TO
B such General Manager such duties as are
prescribed to their respective offices, as
/ they may desire. subject however to the
/ approval of the Board Of Directors
/ ARTICLE Vino stakeholder of this
/ corporation shall ever be liable for any
/ debt of the corporation, other than the
unpaid portion of their subscription 10
| stock; and no informality herein shall
/ subject them to such liability.
/ ARTICLE VII-Amendment TO this
/ charter of liquidation of the corporation
| shall be subject to the rules laid down
| in Act 267 of the Louisiana Legislature
of 1914 The capital stock of this corpora,
ton may be increased by amendment oil
/ this charter to any amount not exceeding
the sum OF One Hundred Thousand
! $500 O00.00) Dollars.
Tins done and signed on the day and
/ date first herein above mentioned, In tht
City of New Orleans, In the presence go, o.
F. L. Bordelon and c. o. Sperler com
petent witnesses. and me, Notary aitei
a due reading of the whole; the SUP
I scribers setting opposite their names th'
! amount of stock they SuDscriot lOi' man
ing this an original subscription list.
Witnesses: +. l.. Bordelon, I. "
Sperier.
(Signed) A. NJ. Barnes, 400 Carondele'
Bldg, New Orleans, La. share; r. u
Siren 2O2l Joseph Street, New Orleans
r. share: b. l.. Levert, 500 Perdidt
Street, New Orleans. La. l share:
WARREN V. MILLER,
Notary Public.
I. the undersigned Recorder Of Mort
gagas in and for the Parish of Orleans
I Ststs OF Louisiana, do hereby certif!
that the above and foregoing Act OF In
corporation Of the Barnes ana olren
Incorporated was this day duly recorde'
in nv office Book 1858, Folio 4so.
New Orleans Dec. "a, l92l;
ISipned) ROBT. SCOTT,
Deputy Recorder
true copy of the original on file II
my WARREN V. MILLER,
Notary Public.