The herald., 1922-06-15
CHARTER.

directors shall be elected annually. by
ballot, by the stockholders, on the thlrd
Monday in May in each year. Eacn
stOckhOlder shall be entitled in person
or by proxy, to n vote for every snare
owned by, him, and all elections shall
be held under such rules and regula-
tions as may be determined by the
Board of Directors. after fifteen I'D days
notice by mail of such election shall nave
been sent To each stakeholder at his last
known address. The directors thus
elected shall continue in office for one
year, or until their successors shall have
been duly elected and qualhed. M
failure to elect shall be regarded as a
forfeiture Of this charter. any vacancy
occurring on said board shall be filled
by the remaining directors for the I'M
expired term; the said board shall Ike
wise elect the additional meHbcrS III case
they should determine to increase the
number of said board. Said board shall
at its first meeting after its election
nominate out of its number a President
Treasurer. a Vice President and See
rotary. said board shall have the right
to consolidate or SegreGate any two oil
said offices into one and To appoint a
Secretary who need not be either dlrec-
tor or stakeholder. as also the right to
appoint and dismiss such clerks. man
ayers and other employees Of the cor
pOratiOn as conditions may justify or
the business of the corporation may re-
quirr. The tenure of office of all the
employees Of the corporation shall be
during the pleasure of the Board OF
Directors. Any of the directors shall
have the right to appoint. by written
instrument, another director or stock
holder to act as his proxy and in his
stead at any and all meetings of the
Board of Directors.
ARTICLE VI. No stakeholder shall
ever Ice held liable or responsible for
the contracts, faults or debts of said
corporation. nor shall any mere intor-
mality in its organization have the effect
Of rendering this charter null, or of eN-
posing stakeholder to any liability be
yOnd the unpaid balance due on the
shares owned by him.
ARTICLE VII. This act of incorpor
alton may be changed, modified or altered,
or this corporation may be dissolved,
with the assent Of the stockholders own
ing two-thirdS OF all the stock of the
corporation. at Il general meeting con-
yened for that purpose, and after at least
ten days written notice of this meet
ing has been given through mail, adj
dressed to each stakeholder ut his last
known place of residence. In case Of
dissolution by the expiration of this
charter or otherwise the stockholders
shall elect three liquidatorS from among
their number to liquidate and settle the
business and affairs of the company. In
case of death or disability Of any of said
commissioners or liquidators. the sur
viyOrS or the remaining liquidatOrs shall
appoint successor to him. The said
liquidatOrs shall have full power to
settle said cOmpany's affairs, collect out
standing debts; sell and convey prop
erty, pay its debts. and convey the re-
naming money and property among the
stockholders. They shall also have power
to meet and act under the bylaws Of
the corporation and under regulations
to be made by majority of said liqui-
datorS; to fix the price and prescribe
the terms and sale of said property, and
the manner in which the same shall be
made. and take notes and bonds, secured
by mortgage or other wise. for part of
the purchase price fOS all or any part
Of said property; provided, however, that
the rights herein conferred upon the
liquidatOrs may be modified, changed or
denied by a mnioritylof the shares of
The said liquidators sthIl have authority
to sue for and rccOxtr the debts and
property in the name of the corpora
tioh. and may be sued by the same
name, and they shall be liable in solido
TO any creditor or stakeholder for the
moneys and property of the corporation
which shall come to their hands or pos
session as hquidatOrs and for the proper
application and distribution thereof
ARTICLE VIII. Richard Albert Leigh,
whose pOStoftice address is 1929 Encamp-
mcnt street, New Orleans. La, has sub
NGCribed to one hundred aud ninety-eight
shares: Albert Z. formations, whose ad-
dress is 1920 UrSuline avenue. has sub
Scribed to one share, and Philip Foto.
whose pOStoftce address is 1901 \. Broad
street New Orleans, La. has subscribed
to one share.
Until the election to be held on the
third Monday in May, 1923. the follow
ing named shall constitute the first
Board of Directors, viz: Richard Albert
Leigh, Albert L. DONATIONS. Philip Foto.
with the said Richard Albert Leigh as
President Treasurer, Philip FOtO as Vice
President, and the said Albert L. Bon
nations as Secretary.
Thus done and passed in my office on
the day, month and year first above !
written, in the presence Of Frank Il. |
rwOmey and Joseph l.. Weiss competent
les and me, Notary, after reading the !
whole.
Original signed: r. A Leigh Phil !
FOtO, y. Il. DONATIONS.
FELIN ]. DREYFOUS,
Witnesses:
f. Il. TWOMEY,
J. l.. WEISS.
l, the undersigned Recorder of Mort |
cages in and for the Parish of Orleans, |
state of Louisiana, do hereby certify |
hat the above and foregoing act of in |
corporation of the LUMBERTON BROOM |
AND MOP HANDLE FACTORY. INC, |
vas this day duly recorded in nv office |
n book 1868, folio 32S
New Orleans, May IL. 1922.
ROBT SCOTT.
by. Recorder of Mortgages.
A true copy from the original act
FELIX J. DREYFOUS,
, Notary Public.
Nay 1S-June 30