The herald., 1922-11-30
CHARTER

lease, purchase and convey, as well AS
mortgage and hypothecate property. real.
personal and mixed, as well as corporeal
and incorpereal; to own and hold stocks
aud bonds of other corporations; TO name
and appoint such managers, agents, al
rectors and officers as its business, In,
terests or convenience may require; hno
to make and establish, as Wei as after
and amend from time to time such by
laws. rules and regulations for the proper
conduct, management and regulation OF
the affairs Of said corporation as may ne
nee, ssary and proper.
ARTICLE 1.-THE domicile OF this cor
portation shall be in the City Of New Or
leans, State of Louisiana, and all cita-
tiOns or other legal process shall be
served upon the president of the corpo-
ration, or in the event Of his absence,
upon the vice-president.
ARTICLE III-The objects and pur-
poses for which this corporation Is or
ganized and the business to be carried on
by IL are hereby declared to be-
To acquire in any manner, to hold and
own, to sell, and otherwise dispose Of, to
lease. to mortgage, pledge, hypothecate,
and otherwise cucumber, and generally to
deal in, real estate stocks, bonds, mort
cages, notes, commercial paper and Sc
curities Of every kind and character, and
generally to do and perform any and all
things necessary, incidental or appertain-
ing to the business aforesaid; and also
TO have and exercise such rights and pow
of like character.
ARTICLE Iy-The capital stock Of this
corporation is hereby fixed at the sum OF
| seventy five thousand ($I5,OO000) dollars
divided into seven hundred and fifty (750l
shares Of the par value Of one hundred
| ($1OO.00) dollars each. Said stock shall
be paid for in cash at such times. in such
amounts and after such notice to the sub
scribers as may be fixed by the board OF
directors, unless otherwise provided by
/ Il. ha I'D Of M
less than par for labor done, or for CAPT
| tai stock In other corporations, or fol
property actually received by the corpO
ration as provided by law.
| No stakeholder In this corporation shall
sell all or any part Of his stock therein
without first giving fifteen Q5) days
| written notice to the corporation OF hi
desire to sell. The corporation upon re
| ceiying such written notice. shall allow
the other stockholders, after notice mailed
TO each Of them at his last known ad
dress. an opportunity to purchase suci
stock at its book value. within said della!
Of fifteen days, in proportion to their re
| spective holdings Of stock In the corpora
/ ton.
! ARTICLE y.-The business and affair
| Of this corporation shall be managed by
and all of the corporate powers Of thi
corporation shall be vested In and ex
ercised by a board Of directors, composed
Of five go stockholders, three 90 Of whom
|
action of business.
Any vacancies occurring among the di
,fectors or officers of the corporation shal
be filled by election for the unexpire
term by the remaining directors.
Until the election provided for In Ar
ticle VI Of this charter, the directors Q
the corporation shall be: Mrs; B: I
New Orleans, La; Mrs. Maud n. Billie
No. 80 Newcomb Boulevard. New Or
leans, La. Adolph, c; Billet; No.
Newcomb Boulevard, New Orleans, La
|; boulevard. New Orleans. La; A.. "
Hyatt, No. 407 Camp Street, New Oriean
La.
The officers Of the corporation shall
a president, a vice-president, and secr'
i tary treasurer, who shall be elected b
the board Of directors from among the
number at the first meeting of the boar
aeld after its election. Until after the ~,
election as provided in Article vi Of tn
charter, the officers of this corporate
n shall be the following; A, w; Hyatt
!, dent; Henry w. Lemoine, secretary-trea
. urer.
Il ARTICLE Won the fourth Monday
: June, 1928, and annually thereafter, on Il
4 fourth Monday Of June Of each and evel
:. year, a meeting of the stockholders
s this corporation shall be held at its dom
e cile for the purpose Of electing directo
: for the ensuing year. The failure, fro
= any cause whatsoever, to hold the annu
: meeting of stockholders, or the failure
l. elect directors at said meeting, shall n
i dissolve this corporation, but the dire
). tors and officers then in office shall I
e main in office until their successors shi
IS have been duly elected, qualifed and
3 stalled.
d may be called in the manner provided
r law, and all stockholders meetings sh;
70 be held In accordance with, and in I
manner provided by the bylaws Of
g corporation.
in ARTICLE VII-This charter may
IF amended, and the capital stock Of Il
* corporation may be increased or decrease
n or this corporation may be dissolved,
ar the method and manner provided by La
N ARTICLE vIII-whenever this corr
De ration may be dissolved either by Lin
er tation, or from any other cause, its
he fairs shall be liquidated by three liquid
ing commissioners, to be selected by
81 stockholders from among their number
10 a special meeting convened for that pl
l. pose, after notice mailed to each stot
rs holder to his last known address at le
s. thirty days prior to said meeting.
I'D majority of the stockholders voting
he such election shall be requisite to ell
lg said hQuidating commissioners, and
Id stockholders at the same time, by n
or jority Of the stock voting at such elect
r. shall be authorized to fix the fees to
Sc paid said liquidating commissioners. 81
n liQuidating commissioners shall remain
rs office until the affairs Of the corporat
n, shall have been fully nquidated, and
no case Of vacancy, or vacancies or one
more Of said commissioners. the vacaI
~ or vacancies shall be filled by the rema
or ing commissioners from among the sto
in holders.
,r-l ARTICLE IX-No stakeholder Of
tie corporation shall ever be held liable
al responsible for the contracts or faults
X this corporation, in any further sum Il
.er the unpaid balance Of stock for which
ct has Subscribed, nor shall any mere
In Formally in organization have the en-
of Of rendering this charter null or Of
it. posing stockholders to any liability OF
at than as above provided.
or ARTICLE X-The subscribers her
have respectively written opposite Il
ie- respective names and addresses.
M amount Of the capital stock for which {
* have subscribed. SO that this act OF
lid nal subscription list Of the corporation
ar Thus done and passed. in my office,
Ike the City Of New Orleans, Louisiana.
Id the day, month and year hereinabove "
asl ten, in the presence of Lila L. DUB
,re and d. M. Teijelo, competent witnes
led who have hereunto signed their mar
Id with said appearers and me, notary, a
due reading Of the whole.
ce. witnesses: (SignedD Lila L. Dub
lay d. NJ. Teijeio.
,Sve ORIGINAL SIGNED)
IT. A. W. Hyatt Sta. Mfg. Co., Ltd, A.
civ Hyatt, president. New Orleans. La,
nd shares; A w. Hyatt. 407 Camp St,
the Orleans, La, share q, Nv W. G Gs'sons
share; A. c. Billet, No. 50 Newct
boulevard New Orleans, La, 1 share