The herald. [volume] (New Orleans, La.) 1905-1953, 1922-01-19
CHARTER.

and in the absence of any commissioner
the president shall have the power to nj
the place by appointment. Of all sucl
, elections as well as of all meetings o.
stockholders, except for the purpose O
. liquidation or dissolution or as otherwis,
. required by law, fifteen days notice shall
/ be given by mailing to each StOckhoide
VINO appears as such on the books of this
corporation at his last designated ad.
dress, or care of general delivery at New
/ Orleans if he has not designated an ad
dress, a notice stating the time and place
Of the meeting. Each shareholder shall
I be entitled to one vote for each share OF
stock standing in his name on the books
of this corporation, to be cast in person
or by proxy. and Il majority of the votes
cast shall elect. Failure to elect direc.
tors on the day above specified shall not
dissolve this corporation, but the direc-
tors then in office shall remain in office
until their successors are elected and
qualified. Due L"tice of another election
shall forthwith be given as above pro-
yided for. and such notices of election
shall be continued TO be given until an
election Is had.
ARTICLE VII.-At its first meeting.
each board of directors shall elect from
its membership president. "A vice-prcSi-
dent, and SecretaTy-treaSurer. and shall
nom time TO time a. il sees fit. appoint
or employ such other employees as il shall
deem necessary. The board Of directors
fiA the salaries Of all officers and of all
such other employees as il may deem nee
esSdry, and to make and establish as well
as To alter and amend all bylaws. rules
ana regulations necessary and proper for
the conduct ana management of the bust
ness ana affairs of this corporation not
Inconsistent with this charter: il shall
also have full power and authority To do
all acts and things reasonably necessary
Tor the proper carrying on of the bust
out the objects and purposes for which
this corporation is organized. including
the DrrOWing of money necessary for the
ordinary business operations of This cor
p0ration. and through the president or
soma other duly authorized person or
persons To execute and issue therefor notes
or other Obligations of this corporation
on such terms as in its judgment may be
advantageous: it shall also have full
power and authority to issue and deliver
full paid shares of stock of this corpora
ton for money, labor. services. property
Or rights actually received by this cor
poration, and to MI all vacancies that may
occur in its membership. majority of
IN" directors present either in person or
by proxy shall constitute Il quorum for the
transaction of any business. and at any
meeting of the board any director absent
theretrOm may be represented by proxy.
ARTICLE VIII-Until the first annual
election for directors to he held under
TINS charter. or until their duly qualified
successors are elected and installed the
board of directors Of this corporation shall
be composed of: William ID. Naples
whose post office address is Oklahoma
city, Oklahoma: William r. Naples whose
post office address is Altus Oklahoma
and Joseph +. Simpson. Thomas H. Ken
dali and Irving Il. Saal the post office
addresses of all of whom are New Or
leans, La, with William II. Naples as
President. William T. Naples as Vice
President, and Joseph F. Simpson as Sec I
rotary Treasurer.
ARTICLE IX.-This charter NAV he
amended and the capital stock of this
corporation may be increased or decreased
IN the method and manner provided by /
law as now or hereafter in force.
ARTICLE N-ThiS corporation NAV be- !
dissolved and the liquidation of its af .
ialrS required by the affirmative vote of .
forty-nin (i9) per cent. of the Outstand-
ing capital stock at a meeting specially
ralled Tor that purpose. but, except by |
the unamOus consent of all outstanding
stock. the period fixed for the liauidation
or this corporations affairs shall not he
less than one hundred and twenty 12O
lays from the date the liquidators are
appointed.
ARTICLE XI.-No stakeholder of this
corporation shall ever be held liable or
responsible for the contracts or faults
DL thlS corporation in any further sum
man the unpaid balance on the stock for
which he has subscribed, nor shall any
mere informality in organization have the
erect OF rendering this charter null or of
Exposing stakeholder to any liability
Ither than as above provided
Thus done and passed in nv office at
ne city of New Orleans. La, on the day
month and year first above written in
ne presence of Joseph f. Hart and Chloe
iallmann, competent witnesses who here
INTO sign their names with said an
bearers and me. Notary, after due read
ng of the whole
Original Signed)
W. ID. Naples. Oklahoma City. Oklahoma.
~ shares; W. I. Naples per w. ID
Naples. Altus. Oklahoma: 1 share: ]. T..
,impson. New Orleans. La. sos shares
|. III. Kendall per J. +. Simpson, New
orleans, La, l share: Irving r. SaaI New ,
'rleans, La, 1 share.
Witnesses: Joseph f. Hart, Chloe Gall. /,
mann.
r. II. SAAL.
Notary Public. !
|, the undersigned Recorder of Mort !
ages, in and for the Parish of Orleans. !.
tate of Louisiana. do hereby certify that =,
ne above and foregoing Act of Incorpora- :
ION OF the W. ID. Naples, Co.. Inc. was .
his day recorded in my office in Book :
e63 Folio 52S. l
ROBERT SCOTT. =
New Orleans. Jan. 9th. 1922
true and correct copy of the original:
New Orleans, La, January 18th, 1922 :
Jan '-feD. -. Notary Public.