The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-01
CHARTER.

CHAhTER-
poration, and generally to do any and all
business incident thereto or connected
corporation.
ARTICLE ". The capital stock Is
hereby fixed at Five Thousand Dollars
IS. 100000. to be divided into two hun
dred (200) shares Of the par value or
Twenty Five Dollars $4,000 each, where
of fifty-two per cent. $3.50 shall be
subscribed and paid for before the film:
Of these articles of incorporation. All
stock subscribed for shall be paid for al
cash or property received. Each share OF
stock shall be entitled to one vote at all
elections and meeting and entitled to the
same rights and privileges as any other
such share. No stock shall be issued
over and above the shares subscribed for
at the time of the signing of this act ~
Incorporation. whether IL be cnS "f the
balance OF the capital stock herein Pro
viaed for or out of the increase of the
capital stock. without first Offering it
to the stockholders of record in the pro
portion of their holdings as shown by
this act of incorporation. The amount
of the capital stock may be Increased up
20 the amount of Twenty Five TnonSand
Dollars 1925 .00000). No stakeholder III
this corporation shall dispose of HIS hold
ings. or any part thereof, without first
offering the same 70 the cOrpOratl"n nv
its book value. and the corporation shall
have ten days within whicE 20 a'cept
or reject said offer
No stakeholder shall ever be held
liable or responsible for the faults or
contracts Of said corporation in any
further sum than the unpaid balance
due on the shares of stock owned by
him, nor shall any mere informally IN
| organization have the effect or rendering
! this charter null or of exposing any
| stakeholder to any liability beyond me
amount due on his stock.
ARTICLE V. All the corporate pow
| ers Of this corporation shall be vested
| in and its business and affairs managed
| by Board CT Directors, consisting OF
] three 49, members. two GU OF whoU
shall constitute a quorum for the trans
! action Of business. Any vacancy or va
cancies in the Board of Directors shall
! he filed by the remaining directors.
! All voting power of the Board OF bire''
| tors shall he on the basis If the i'cF
| owned by the said director. tut Hfty-twt
(52) per cent of said stock VIII he ntc'S
| sary TO express the will or intention "'
| said Board Of Directors in all ma'ter'
| Of contract or respecting The manage
ment of the corporation.
The first Board of Directors and Off
| GERS appointed under this charter shal
hold office until the second Monday u
January. 1923. or until their successor
| second Monday in January. 1923, the fol
lowing parties shall constitute the mrs
! Board of Directors of the corporation
to-wit Alfredo Blanco. Fernando Patroi
Correa and Amado X. Gutierrez, witt
| Alfredo RlancO as President. Fernando
Patron Correa as yice-President. an'
Amado r. Gutierrez as Secretary
| Treasurer.
| Failure to elect directors on the ia!
above specified shall not dissolve the cor
poratiOn. but the directors then in olnc
shall remain in office until their sue
cessors are elected and quallned, ,,.
| ARTICLE VI. All notices OF stock
holders or Board of Directors meetings
including the annual meeting provide
for herein, shall he held after twenty
four (24) hours written notice shall haE
been mailed by the Secretary to eacI
stakeholder at his last known place "
residence and at all stockholders meet
ings a majority OF the stock representa-
by proxy or otherwise shall control.
ARTICLE VII. This charter may b
amended or the corporation may be GlS
solved and liquidated by a ffty-two t92
per cent vote of the capital stock ap
nearing on the books Of the company
and. in case Of liquidation. the Board q
Directors then in office shall llqulda'
the corporation.
Thus done and passed at my office !
the CITY Of New Orleans on the day
month and year herein first above writ
ten in the presence of August II. Kite
and Miss Amelia Babin. competent WI
nesses. who hereunto sign their name
with the said appearers and me. Notar!
, after reading of the whole. the said M
bearers subscribing for the amount
stock set opposite their respective name
Names Of incorporators together vii
. their addresses and shares subscribe
for nv each OF them.)
Witnesses:
A. ii. RITTER,
A. BABIN.
J. NJ. QUINTER0.
Notary Public.
I. the undersigned Recorder OF Nor
cages in and for the Parish Of Orlean
= State Of Louisiana. do hereby certify tn;
the above and foregoing act Of inco
poration Of the Ell HERALDO MEL
CANTIL PUBLISHING co. INC. W;
this day duly recorded in my office
I book 1903. folio
Z New Orleans, La. April Is. 1922
s ROBT. SCOTT,
=, by. Rec
9 ,SeaD J. NJ. QUINTERO.
Z Notary Public.
: Apr. 27-June1