The herald. [volume] (New Orleans, La.) 1905-1953, 1922-09-28
CHARTER
,cOrdance with law.

|
No transfer of stock shall be binding
upon the corporation unless made upon
its books by the surrender of the out
| standing certificates properly endorsed by
the registered owner or by his duly con-
! Stltuted agent or legal representative, in
! accordance with such rules and regula-
tiOns as the board of directors may deter
/ mine.
! No sale or other disposition of stock in
| this corporation shall lee made without
/ as nTSt being offered in writing for thirty
days TO the other stockholders through the
board of directors at price not TO exceed
/ the book value OF said stock as of the
date uf said otter, and all sales, pledges or
other disposition or remembrance OF said
stock shall be made subject TO this pro-
vision OF the charter anu the corporation
| shall not be required to recognize any
| transfer or right acquired i'll violation of
1 this provision OF the charter. Should the
stockholders fail to exercise said option
| to purchase said stock within said period.
the owner thereof may make such other
/ disposition thereof as he may desire.
! This corporation may increase or de-
CREASE its capital stock III the manner pre-
scrIbcd by law. The amount to which the
capital stock may be increased is Two
Hundred and Fifty Thousand Dollars
l$2jO, OUOO 90.
ARTICLE VII.-AM the powers of this
corporation shall be vested in and eNer-
/ cisrd by board of four (i) directors who
shall be elected by the stockholders at the
annual meeting which shall be held on the
uT>L Tuesday of September of each year.
/ The first annual meeting shall be held on
| the first Tuesday OF September, 1928, until
| which time the OtntlTs and dire tOrS
| named in this charter shall continue TO
| act and until their successors are elected
J and qualined. All vacancies in the board
! of directors from whatever cause arising,
snail be nllcd by the remainder of the
directors. Each of the directors shall own
/ in his own name at least one share of the
| capital stock and may be represented at
any meeting OF the board by any other
director by written proxy. Immediately,
or as soon as practicable after their own
! election, the directors shall elect from
| among their own number, Il president, a
| vice president. a secretary, anu treas
/ urer. The nrst board of directors and
Offices OF this corporation and the post
office addresses. who shall hold office until
| the first annual netting or until their sue
| ceosOrs are elected and quallned, are as
I follows: Bishop G. Perkins. BOB y. Peters
| St. New Orleans, La, president; Emile y.
Rainold, Sugar Exchange Building, New
! Orleans, La, vice president; Joseph &.
LeliourscOis, Carondelet Building, New
{ Orleans, La, secretary; Philip T.. NaIl"e.
2Oi Decatur St, New Orleans La treas
urer.
The stockholders or the directors may
at any time create or elect such other Off
GERS, agents, or representatives, as they
deem proper.
The offices OF secretary and treasurer
holders or by the board of directors, into
the office of secretary treasurer.
The board of directors may make. amend
and repeal all bylaws. rules and regula.
items for the conduct of the corporation.
All elections by the stockholders shall
be by ballot at the office of the company,
in accordance with such regulations as the
board of directors may determine, and al
every such election and at all meetings OF
the stockholders, each registered share
. hal no nnfi cd N
east by the registered owner or by his
agent or representative by written proxy.
ARTICLE VIII.-This act of incOrpora-
ton may be modified, changed or altered,
or said corporation may be dissolved with
the assent Of three-fOurths of the capital
stock outstanding at meeting OF the
stockholders convened for that purpose,
and after fifteen days written notice has
been delivered ~ person or given by letter
mailed to the ist known address OF each
stakeholder. The said notices may be
waived by the unanimous consent OF all
the stockholders.
In case of the dissolution Of the corpor-
alton its affairs shall be liqudated by one
or more liquidatOrs elected by majority
vote of the stockholders with such pow
ers, COmpenSatiOnS and duties as the stock
holders may determine.
ARTICLE IX-No stakeholder shall ever
be held liable for the faults or contracts
OF this corporation in any further sum
than the unpaid balance due to the cor
nor shall any mere infOrmality have the
effect of rendering the charter null or or
exposing any stakeholder to any liability
beyond the unpaid balance due on his
stock.
ARTICLE X-The subscribers hereto
have respectively written opposite their
names the amount of stock subscribed by
them in this corporation SO that TINS act
| Of incorporation may also serve as the
original subscription list of the corpora
ton, and they have stated their post office
addresses, so as to conform with Act 261
of 1914.
Thus done and passed at my Office in
the City of New Orleans, State of Louisi-
ana, on the day, month and year herein
after first above written, in the presence
Of Louis ROsen and Il. f. Whitehead, COM
petent witnesses OF the fuli age OF ma
jority and residing in this city, who have
hereunto signed their names with said
appearers and me, Notary, after due read
ing Of the whole.
" Peters St, New Orleans. La, 63 shares;
f. A. Rainold. Sugar Exchange Bldg,
New Orleans, La, 63 shares; Philip f.
yallee, 2O4 Decatur St, New Orleans, La,
Bldg. New orleans, La. So shares.
Witnesses: B. f. Whitehead, Louis
ROSen. -
Notary Public.
7, the undersigned Recorder OF Mort
cages, in and for the Parish Of Orleanst
State of Louisiana, do hereby certify that
the abobve and foregoing Act of Incorpor-
Inc was this day duly recorded in my
office. in Book No. 1873. Folio
(Signed) ROBT. SCOTT.
Assistant Recorder Of Mortgages
New Orleans, La, Sept o, 1922.
(seaD Wy CHARLES RosEN.
Notary Public.