The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-13
CHARTER.

OF three stockholders, ana SDall De COM
posed of: w. s. Cudlipp, John s. Finley,
Wendell ii. Billings with W. s. Cudlipp,
as president; John S. Finley, as vice
president and Wendell ii. Billings, as Sec
rotary treasurer.
The post office addresses of said direc
tors are as follows: W. s. Cudlipp, 81
Tchoupitoulas Street. New Orleans, La. {;
John S. Finley, 81 Tchoupitoulas Street,
New Orleans, La; Wendell III. Billings. 81
Tchoupitoulas Street, New Orleans, La;
These directors shall serve until the
third Tuesday in March, 1923, or until
their successors have been duly elected
and qualified. The annual meeting of
stockho lders for the election of directors
shall be held on the third Tuesday In
March, of each year, unless said day be a
legal holiday, and then on the next bank
day thereafter. Any vacancy occurring
among the directors by death, resignation
or otherwise, snail be filled by election for
the uneXpired term by the remaining d.
rectors. Each subscriber hereto sets after
his name his post office address and n
statement of the number of shares OF STOCK
which he agrees to take in the corporation.
At all elections every stakeholder shall
be entitled to one vote for each share of
stock standing in his name on the books
Of the corporation, TO be cast in person
or by his written proxy. majority OF
the votes cast shall elect.
ARTICLE Win the event OF the Hqui-
datiOn or dissolution of this corporation,
the stockholders shall elect three hqulda-
tors from among their number at meet
ing convened for that purpose, after III
teen 15) days written notice sent TO eacn
stakeholder by mail to his last knowl ad-
dress; said liqudators shall have the au-
thority to wind up the business and affairs
of this corporation. In case of the death OF
a liquidator, the survivors shall appoint
a stakeholder as successor to him.
ARTICLE VII-This charter may De
modified, changed or altered, or said cor
poration may be dissolved, with the assent
of stockholders owning two-tnlrds of the
entire capital stock at general meeting
of the stockholders convened for that pur-
pose. after fifteen 05) days written no.
tice shall have been given to each stock
holder. mailed to him at his last known
| address.
ARTICLE yIII-No subscriber for stock
shall ever be held liable for the contracts.
faults or debts of said corporation in any
further sum than the unpaid balance, II
any, due the corporation on the stock Tor
which he has subscribed: nor shall any
stakeholder ever be held liable for such
contracts, faults or debts in any further
sum than the unpaid balance, II any, on
the stock owned by him; nor shall any
mere informality in organization have the
effect of rendering this charter null, or
rendering any subscriber or stakeholder
liable beyond the unpaid amount, If any,
remaining due on his stock.
No stakeholder in this corporation can
ever sell the stock owned by him in this
corporation or any part thereof, without
first Offering the same in writing to the
other stockholders, through the board OF
directors. at its then book value, who will
have the first option opurchase the same,
and in the event of the death of stock
holder, the right is hereby reserved to the
remaining stockholders to purchase said
stock at its then book value.
ARTICLE IX-This corporation is or.
Louisiana and especially Act No. 267 OF
1914. and the subscribers hereto. for them
selves and said corporation. and for Its
officers. directors and stockholders. hereby
accept. as part of this charter. and as
conditions of this corporation. all the
rights. powers. privileges and immuni-
granted to corporations and granted to
and conferred upon officers. directors and
stockholders of corporations by said laws
and said act; such acceptance being as
full. complete and binding as IL said
rightsf. powers. privileges and immuni-
ties were set forth at length in this in
strument.
Thus done and passed in my notarial
office in the City of New Orleans afore-
said, in the presence of Holger G. Kohnke
and Andrew r. Martinez. competent wit
nesses of lawful age and residing In this
city. who hereunto subscribe their names
! together with said parties and me. notary,
on the day and date set forth In the cap
fORIGINAL SIGNED:)
Names of subscribers omitted)
Witnesses: Holger @. kohnke, Andrew
r. Martinez
W. W. VOTING.
Notary Public
I. the undersigned. Recorder OF Mort
cages in and for the Parish of Orleans
State of Louisiana. do hereby certify that
the above and foregoing Act Of Incorpora-
tion of Cudlipp Betting and Machinery
Co. Inc. was this dav recorded in my Of
flee in Rock 1868. folio =.
New Orleans, La, April 10th. 1922;
(Signed): ROBT SCOTT.
Deputy Recorder
hereby certify the above and foregoing
to he true and correct copy Of the orfef-
nal act of incorporation Of Cudlipp Belt
ing and Machinery Co., Inc, together with
the certificate Of the Recorder Of Mort
cages on file and Of record in my office.
In faith whereof l hereunto set my hand
and seal this tenth day Of April, A. d.
1922
(Sean: (Signed): W. w. YOUNG.
Notary Public
| Apr. 13-May Is.