The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-18
CHARTER.

| business incident thereto or connected
with the objects and purposes of this
corporation.
ARTICLE ". The capital stock is
hereby fixed at Five Thousand Dollars
| (S5OOOOO), to be divided into two hun
| dred (20W shares of the par value OF
Twenty Five Dollars $4,000 each, where
OF fifty-twO per cent. tJ2So) shall be
subscribed and paid for before the filing
of these articles of incorporation. All
stock subscribed for shall be paid for an
/ cash or property received. Each share o.
stock shall be entitled to one vote at all
elections and meeting and entitled TO tho
same rights and privileges a. any other
such share. No stock shall Oe issued
over and above the shares subscribed. for
at the time Of the signing of this act a.
Incorporation. whether * he ouc Of the
t;lance of the capital stock herein pro
Niged for. or out of the increase of the
capital stock. without first OFFERING il
TO the stockholders of record in the pro
portion of their holdings rs shown by
this act of incorporation. The amount
of the capital stock may he inCr"2 sod up
20 the amount Of Twenty Five Thousand
Dollars 2dOOOUD. No stakeholder in
this corporation shall dispose Of hi~ hn'd-
| ingS, or any part hereof, without first
offering the same - ;he corpO"ltiou ~
/ its book value. and Tie corporation shall
/ have ten days within Nhic@ 20 accept
or reject said offer
/ No stakeholder shall ever he held
/ liable or responsible for the faults or
| contracts of said corporation in any
/ further sum than the unpaid balanc"
/ due on the shares of stock owned by
/ him, nor shall any mere informalty in
organization have the effect OF rendering
| this charter null or of exposing any
/ Stockh older to any liability beyond the
amount due on his stock.
| ARTICLE V. All the corporate pow
! of hA
| in and its business and affairs managed
/ by Board CT Directors, consisting OF
/ three 90 members, two (2) of whom
shall constitute quorum for the trans
I action of business. Any vacancy or va
/ cancieS in the Board of Directors shall
| he filled by the remaining directors.
All voting power 90 the Board of Dire
| tors shall be on the basis If III" Str'k
| owned by the said director. nut ifty-two
(I2) per cent of said stock will he uCccS-
| sary TO express the will or intention ~
! said Board Of Directors in all matters
| of contract or respecting 'he manage
/ ment of the corporation.
! The first Board of Directors and Off
GERS appointed under this charter shall
/ hold office until the second Monday in
| January. 1923. or until their successors
/ are elected and qualified. and until the
| second Monday in January. 1928 the fol-
/ lowing parties shall constitute the first
/ Board of Directors of the corporation
/ to-wit: Alfredo Blanco. Fernando Patron
COrrca and Amado X. Gutierrez, with
| Alfredo Banco as President, Fernando
! Patron Correa rs NicePresident. and
| Amado II. Gutierrez as Secretary
| Treasurer.
! Failure to elect directors on the day
/ above specified shall not dissolve the cor
| pOration. but the directors then in office
/ shall remain in office until their sue
| CessorS are elected and qualified.
/ ARTICLE VI All notices of stock
/ holders or Board of Directors meetings.
! including the annual meeting provided
| for herein, shall be held after twenty
| four (24 hours written notice shall nave
/ been mailed by the Secretary to each
! stakeholder at his last known place Of
! residence. and at all stockholders meet
| ings a majority of the stock represented
| by proxy or otherwise shall control
! ARTICLE VII. This charter may he
/ amended or the corporation may he els
| solved and liquidated by a ffty-two (52l
per cent vote of the capital stock ap-
| pearing on the hooks of the company ::
! and, in case Of liquidation. the Board Of
/ Directors then in office shall liquIdate
! the corporation.
Thus done and passed Mt nv office in
1 the City of New Orleans on the day
month and year herein first above writ
/ ten. in the presence of August ii. Ritter
I and Miss Amelia Babin. competent wit
neSses who hereunto sign their names
with the said appearers and me. Notary.
/ after reading of the whole, the said ap-
/ pearers subscribing for the amount of
| stock set opposite their respective names.
names of incorporatOrs, together with
! their addresses and shares subscribed
for by each Of them.)
| Witnesses:
| \. II. RITTER.
A. BABIN.
J. VI. QUINTERO.
/ 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 in"or-
| poratidn Of the Ell HERALDO MER-
! CANTIL Publishing co. INC. was
this day duly recorded in my office in
I book 1868. folio
New Orleans, La, April 1S. 1922
| R0BT. SCOTT.
by. Rec.
i A true copy.
! (SeaD 7. NJ QUINTERO.
Notary Public.
Apr. 2I-June ]