The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-11
CHARTER.
par in payment for property actually

par in payment for property actually
received
ARTICLE VI-Thls corporation shall
begin business and be going concern
as soon as twelve thousand flNe nun
dred dollars of stock shall nave Deem
subscribed for. Said capital stock may
he increased up to the sum OF twenty =
five thousand dollars in any manner
provided for by the laws OF TINS SldIt
and whenever an increase of said capt.
tai stock shall have been authorized
fifteen DAYS written notice Shall De
given to each stakeholder within WhICh
time the present stockholders IN Ihe
corpOratiOn shall have the right TO
subscribe to the said increase OF STOCK
in proportion to the number OF shares
of stock held by them, and Whlch ShaIeS
shall bc paid for at Such time anu III
such manner as the board of directors
may direct After the expiration OF
the said subscription and payment the
board of directors may diSpOS" OF tht
shares not taken for the benefit OF thc
corporation. in such manner as ueN
may think proper. at not less than par.
article VII-AIl transfers of stock
shall he made on the books of the cor
poration 10y Surrendering the certltl-
cate thereof To the presiding officer,
who shall write the word cancelled
prominently across the face thereof
and erase the presidents signature
therefrom before issuing new ceru-
fcate.
ARTICLE VIII-At all elections by,
or meetings of, the stockholders, each
share shall be entitled to one vote. 10
he east either by the person in whose
name the stock appears on the books OF
this corporation at the time OF the
voting. or by an attorney holding the
said stockholders written proxy.
ARTICLE IN-The business and cor
porate affairs of this corporation snail
he transacted by a board of directors
of not less than three directors, nor
more than five directors, to he com
posed of stockholders thereof. and they,
and each of them shall be elected AT
a meeting to he held for that purpose
Any vacancies in the board of directors
so elected shall he filled by the saId
board of directors. Fred j. Alien l.
W. Allen and +. y. DldalSo all resi-
dents of the City of New Orleans, La.
shall constitute the first board OF dl-
recturs, and shall hold office until the
third Monday in January, 1873, or un,
til their successors are elected ana
qualified, and each subsequent DOaru
shall have their seats Immediately FOL
lowing the election, or as soon there
after as practicable. and snail noli
their office until their successors ShaIi
have been elected and qualified. Inc
directors hereinabove named shall elect
their own officers. The stockholders
may at any time appoint the TWO ahui
tional directors provided Tor IN inns
charter to serve COnCurrently with the
other directors herein named. on the
third Monday in January, 1873, ana
annually thereafter. an election loi
directors by the stockholders snail he
held at the office of the corporation
after fifteen days notice thereof shall
have been given by notice mailed tC
each stakeholder at his last known adj
dress Every board of directors shall
at its first meeting after its election
or as soon thereafter as practicable
elect from their own number preSl'
dent. vice-president and treasurer
The board of directors shall also elecI
"A secretary who may. or may not, be
a member of the board. The office OF
| the secretary and treasurer may be
filled by one and the same person. al
! the discretion of the board. \ failure
| to elect directors on the date above
| specified shall not dissolve the cor
! poration, but the then existing boaro
! of directors shall continue in oftlct
| until their successors are elected. FIR
teen days prior notice shall be slVeI
| in the manner hereinabove provided
! which notice shall be fun and com
/ plete notice TO all stockholders of sucf
| meeting. Any director shall have th'
| right TO be represented at any meetlns
| of the board of directors of this cor
poration by an attorney holding the dl
| rectOr's written proxy. The majority
! of the members of the said board o.
| directors shall constitute a quorum fol
! the transaction and management OF al
| business of said corporation. They
| may make such bylaws. rules ant
regulations as they think proper fo
the transaction of the business ant
l affairs of said corporation.
ARTICLE X-This act of incorpOra
| ton may be changed. modified or al
! tered. or said corporation may be DIS
! solved with the assent of three-fourth
| of the amount of present or represented
/ at any general meeting of the stock
| holders of said corporation. convened
| for that purpose, after previous notice
| given in the manner hereinabove Sc
| forth in Article IN. But any and al
meetings of stockholders, whether 10
| the purpose of liquidation or for an!
| purpose may be held at any time with
| out notice by unanimous consent o
all stockholders filed in writing by TIT
| secretary.
ARTICLE XI-No stockholders shall
ever be liable for the contracts or faults
of this corporation in any further sun
than the unpaid balance due the com
pany on the shares owned by or sub
scribed for by him; nor shall any In
| formality in the organization have tn
| effect of rendering this charter null
or of exposing the stockholders to an!
| liability.
| ARTICLE XII-Whenever this corpo
| ration is dissolved, either by Limitation
or from any other cause, its affair
| shall be liquidated under the superin
| tendency of three stockholders, to b
| chosen for that purpose by three
| fourth in amount of the StockhOlder
| present or represented at genera
| meeting of stockholders at which tn
| election is held. Said commissioner
shall remain in office until the affair
of said corporation shall have beel
| fully liquidated. In case of the dealt
| of one of the commissioners, refusa
| or inability to act, the remaining com
! missoners shall continue to act an
| shall elect another stakeholder in tn
| place and stead of the commissions
who has ceased to act.
This said charter shall serve as tn
| original subscription list, the sub
scrbers hereto having set opposit
their respective names the number o
shares of stock for which they hav
! subscribed.
Thus done and signed in my offic
in the city of New Orleans on the day
month and year first above written, il
the presence of c. J. Estopinal and 5
| T. Davilla, competent witnesses, resid
ing in this Parish. who hereunto sig
their names with the said appearer
and me. notary after due reading o
the whole.
(Signed):
Fred ]. Allen. $50 shares: LANCE w
Allen, $50 shares; F. Y. Hdalgo. 10
shares; c. ]. Estopinal, S. T. Davilla
JOHN c. O'CONNOR,
Notary Public.
l. the undersigned Recorder of Mort
cages, in and for the parish of Or
leans, State of Louisiana, do hereb
certify that the above and foregoing
Act of Incorporation of the Fred
Allen Company, Inc, was this day
duly recorded in my office in Boo
1868, Folio 297.
New Orleans, May 2, 1922.
(Signed) ROB'T. SCOTT,
Deputy Recorder.