The herald., 1922-09-14
CHARTER.

Any director unable for any reason tC
| act or be present at meeting, may give
| his proxy TO any other director to act IL
| his place and stead.
The board OF directors shall have, and
at all times exercise, the whole corporate
power (when ratified by a majority Of tbs
stockholders), including the power t.
| lease, SELL mortgage or convey any par
| Of the operating plant Of the corporation
or the real property upon which il is sit
| uated, either in whole or in part; TO trans
fer the assets of the corporation as ;
whole and to merge the said corporation
| with any other corporation, directly OF
| indirectly and to receive in payment o.
any such lease, sale, mortgage. transfer
or merger, the full paid certificates 81
stock of any such corporation, and Il
distribute said fully paid certificates o.
stock to the stockholders of this corpOra
ton in the proportion of their holdings
herein at the time of the cOnsummatior
| of such transaction to issue shares Of
stock up to the amount to which. under
this charter, the stock may be increased
provided the total proposed increase shall
be read at one meeting and laid over fol
action at the next meeting of the board
of directors before 1t is adopted; and. OF
such action, the new stock shall be first
offered to the existing stockholders in the
proportion OF their several holdings with
| thirty days privilege to pay for the same
before any stock is sfered for sale, OF
| subscription, to other persons.
The board is given authority to fix
| salaries and to change the same at plea
sure.
The board of directors shall be elected
| Immediately after the execution of this
charter, without notice or other formality
The board thus elected shall serve for one
year. or until the first Monday of Sep
TENDER. 1928, and thereafter, or until its
successor is elected and qualified.
At the expiration of the term of Office
herein fixed for the first board, the board
of directors shall be elected at a meeting
or the stockholders to be held in the City
OF New Orleans, annually, on the first
Monday of September in each year. at
which meeting any matter Of interest to
the corporation may be discussed and de-
termined as matter of course without
ARTICLE yI.-The elections for board
OF directors, as the other acts of stock
holders, shall be determined by a vote of
presented, either in person or by proxy, at
such meetings, unless otherwise required
by law. Fifteen days notice Of all meet
ings Of stockholders shall be sent to the
last known postOffice address of the stock
holder. and the stakeholder shall record
his postoffice address with the secretary
of the company. In the event of his fail
ure TO do so, notice addressed TO the
stakeholder at New Orleans. Louisiana.
and deposited in the postoffce at New
Orleans, Louisiana. will be sufficient
notice to the stakeholder aforesaid.
ARTICLE Vino stakeholder shall
ever be held liable or responsible for the
contracts or faults of the corporation in
any further sum than the unpaid balance
due the company on the shares OF stock
owned by him. nor shall any mere infOr-
mality in organization have the effect of
rendering this charter null or of subject
ing any stakeholder to any liability be-
yond the unpaid balance due by him
ARTICLE VIII.-This act of incorpora-
ton may be changed. modified, altered. or
the capital stock increased or decreased
in the manner prescribed by law, at a gen
eral meeting convened for that purpose.
after fifteen days notice mailed by the
secretary and treasurer. or the secretary.
as hereinbefore set forth, or delivered by
him in person.
ARTICLE IX-whenever this corpor-
alton is dissolved. either by Limitation or,
from any other cause, its affairs shall be
liqufdated by two commissioners selected
from the stockholders at a general or a
special meeting of the stockholders after
fifteen days written notice by the secre-
tary, as above set forth. or delivery by
the said secretary in person, the said COM
missiOners to be chosen by a majority of
the vote Of the stock cast at said meeting
by the owners thereof as they appear on
the books Of the company, at the date of
the said meeting. in person or by proxy,
each share of stock to be entitled to one
vote.
hoHt pdsSeu IN NV once, IN
the City Of New Orleans, aforesaid, on
the day, month and year herein first above
written. In the presence of Messieurs Eu-
gene Stanley and John Hickey, both COM
petent witnesses, of lawful age. residing
In this city, who hereunto sign their
names together with the said appearers
and me, Notary, after due reading Of these
presents.
Original signed) James p. williams,
1881 Nelson St, 50 shares. 500 per share,
$4,000: Francis Il. Usina. 1895 Prytania
ST.. % shares. 800 per share. 50 800: Ed
mund Il. Usina, 1886 Prytania st %
shares, 500 per share. $500
A. ID. HENRIQUES. JR.
Notary Public.
Hickey.
1. 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-
ton OF the James =. Williams, Incorpor-
ated. was this day duly recorded in my
office. in Book 1858, Folio 500
New Orleans, La, August 18th. 1922
(Signed) ROBT. SCOTT.
Deputy Recorder.
A true copy:
(SeaD A. D. HENRIQUES, Jr..
Notary Public.