The herald., 1922-07-06
CHARTER

widow heirs or
n a.;r ~ directors o, tentative ~
said 81, 5i"f E.- Ia default Of IL" i ID ny
pom the receipt OF ~.
an OF any shareholde.e Offer
STOCK. and upon obtoiat to pu,'f
factory 10 said board ny glsrs,,s
give motto. ," ~ %, OF directors s !. p,is
agent Or rrpresepta,,-f OF The
afar,,,iJ . Gl the period o a,d ~
, cer,ia' ''.. SnaIl cali in ,h%a eizb
,, yI IN ~, res REPRESENTING 'se esttSE
i'"H 'ur price or value such sse
Of the .'' ",r 70 be transferrsS' 'ot NJ
1 o. tn preference 49,
Pu' ''ha>., heretofore v von sat
tral.h ~ Ia the otbe, 'ested
exist IN full force ana sharehOI.. al
ceased ,,ock ,be shares Of stS u u,
and coyr,a H az and M
ditioro ''> .,;, Oh procedure tSs s 'e'l
sh ','|n'> SITUATIONS and 'Ge tsrs,
npIiy IN an respects 10 tparssnN
10, Io',o"cd in case OF dan. ,ae procs,
up"h receipt Of inforna,Situa. lnS.S
g, any shareholder. il atn Of a.
"I IN board Of direc,nnsh be d.
necessary steps to be- Its to On.
ana 'nl"'"~ these provisi"5o. to aS
90 Tine preference ns'
OF purchase. hereinahovo OptiOn ,n
fn ~" Ill., III 'H ,; OF each shareSodISSll
. V HIS flrlie share in prons asi y
"A,s'lTs holdings in the ssttoopSS'ti', i
any shareholder fail 10 s stOes b. y
~ ~ 'his regard. his right b N.
IhG De absorbed by tSs snaI nS
n9.dtr>, provided that ~ Other n
WIDOW. heirs or legal ,en que owns,
IN" case may be. shall nlpresenhhs
utiiNtr said stock unless ~ Dc oil,
'hase N" same shan ino' e onef, d Y
the entirety Of the fsiude and
graph ul, or all OF the eng lntc h
Paragraph 90. tue holding, \,
80 AZ certificates Of s,o..
4 hrirf reference to the , s.gek sAal
tahiISh"d in the favor OF n.y. hen,
ARTICLE v-AIl the N''sA'se
OF inns corporation and thpOfss N.
ana control of its aGai,s nanin..
power 10 sell. transfer NJ hclutl,
OF all OF any part az , yh'euge o. o.
corporation. shall be vss, e assetI q NJ
eF', ,E. by a board of directo,.a ~
81 Sho 'Tree stockholders, a msjcrit, @sle
s snn.i 'oHNtitute quorum 10, ~ Nt
a !, OF an business. The an. ne h
DE elected annually BY tbs u' ,sSsn 4
~ meeting TO be held an ~ sHesia'Sa
DAY after the first SUNDAY % nirh
IN the month of January. s.,S aa n
De preceded by three days' w.,i nes'is
10 the stockholders. Esch 'nln Va
shaIl be entitled, In person - uoefAs
10 vote for every share VT ~ Re
ana all elections shall no MI ea
rules and regulations "a ~ ules u
mined by the board OF dirsc,o.. H u
rectorS, when elected shan n
Office for one year, and nn,n YVsnis
cesSorS have been duly siar.A, men q
quahiled. No failure to elect Any
are the forfeiture Of this cb,r..
vacancy occurring on this board A..
hlIed by the remaining directn,,
uheNplred term. The board !,
ShaII, az It's first meeting an, ~
tlOn. select out of its number. , ~,
ana one or more vice-presiden,s ~
also elect a secretary treasure, s ~
not however, be member Of "A.
The president shall have the r,ss, ~
POINT ana dismiss the clerks All
employees Of said cornoration a.
ure. and as the interest and hus,,.
the same may demand. He rsv Nv.
this authority by proxy. Any go
being sick or absent or sbout !, -.
himself shall have the right IA -.
Dy written instrument, another Az,
or stockholder to act as his prov /, |
stead at any and all meetings Of Il. =
board of directors during HI, ,I...
The first board Of directors ana -
shall be composed Of the following M.
persons, who shall serve until ths 49,.
TO be held in 1923, namely: Cars
Burthe, president, New Orleans III, :
Il. Sirera, vice-president, New Or.
La; c. J. Everett, secretary, gsy n
leans. La.
ARTICLE VI-The funds Of ths m
DoratiOn shall be deposited from m, ! |
.ime in a bank or banks TO be slactf i
he board Of directors. All ehech M
Or other instruments drawn. ereeu,s
ssued, in the corporations name spt :
half. shall be signed by the presidst
the vice-president, and the sevty
treasurer. No officer shall thus lin :
ndOrse the name Of the corporation IN
In its concern.
ARTICLE Vino stOckholder hin
held liable or responsible for coutnn
faults or debts Of the eorporatisl "
hall any mere informally In Its Grr
,ation have the effect Of renderinr n
'harter null. or Of exposing any tRt
holder 20 liability beyond the unpaid "
tn"@ due on the shares owned BY bin
ARTICLE VIII-This act Of inctraH
ion may be changed, modified. q D
cred. or this corporation may Be Il
solved. with the consent Of the sst
holders owning two-thirds Of all he t'a
II this corporation. at general neiE
for that purpose, and ana .
east three days written notice Of -
Meeting shall have been given lfn
nail. addressed to each stoekholas :
lis last known place Of residehs !
'ase of dissolution by the expirsne'
his charter, or otherwise. the 80
folders shall elect liquidator from in.l
heir own number. who shall ltw u
authority to settle and wind up tk ~
less and affairs OF the company.
erms and conditions Of. and the cenls
alton for such services. shall be nin
he time OF election. In case Of ne "a
IT disability of said c0mmlsseaa
iquidator before the liquication q :
fairs of the corporation, the aeess
o fill the vacancy may be sppOln'a
he stockholders.
ARTICLE IX-Any and all notices y
Ielays provided for by this cnana
~ waived by the unanimous conSA
he stockholders or directors ualss
'ressly prohibited by law. s,
ARTICLE X-The names ana De-.
ddresses of the subscribers "
al stock of this corporation, n
OF shares subscribed Q!
hem, are as follows:
Charles A. Burthe, New Orleans "
hares: W. Il .Sirera, New Uria. a
share; e. j. Everett, New o's'''
share. ,s,.
Thus done and passed, In my ~, ~.
flee, at the City Of New VflelsN "a
aid. in the presence Of K Lew, ..h
Irgote, competent witnesses ~
ge and residing in this city, s ID
ntO subscribe their names tose-sa n. Ar
aid parties and me. notary, o. NJ
nd date set forth in the capneh ~"
Witnesses: Il. Lewis, ]. Argo"
ORIGINAL SIGNEDD; s,. e
Chas. A. Burthe, W. b. sire'h
.verett. n.pr n
(SeaD: HENRI xD,s,v ntf
I. Henry p. Dart, Jr., notary .sssf 10
Gritty that the above ana io' Ri db
rue and correct copy OF tne An o.
any. Inc. passed before me- ta p. s .
( which is on file in ny h'
hives. nIRf. j.
(SeaD: HENRI rot,r Pvlt
une 29-Aug. 3.