The herald. [volume] (New Orleans, La.) 1905-1953, 1922-12-28
CHARTER.

and dispose of any and all negotiable
and transferable documents and securi-
ties of every nature and kind.
Tenth. To deal In. have, hold. own,
build, construct, erect, lease, purchase
and otherwise acquire. establish ana
maintain for sale. renting, leasing and
operation of factories, warehouses, build
ings. depots, structures recommendations.
apartments, residences. stores, boarding
houses and hotels, works. plants, machin
cry and all things whatsoever of every
nature and kind.
Eleventh And to do all things neces-
sary and incidental to the carrying out
of the objects and purposes for which
this corporation is organized and for
the state of Louisiana and within any
other state or territory. or possession of
the United States of America, or foreign
country that will permit the same.
thiS corporation Is hereby increased and
declared to be the sum of One Million
Dollars Isl 0000O0.O0), represented by and
divided into twenty thousand (20,OOOD
90 100 Dollars ($50.O0) each, payable in
cash or its equivalent. at not less than
IpGr.
ARTICLE ". The corporate powers
and exercised by a Board of Directors,
composed of not less than three stock
holders nor more than seven stockholders
| of this company, each of whom shall
of the firm of which he may be mem
Der. at least one % share of the capital
stock. who shall be elected annually. 4
majority of whom shall constitute a
quorum for the transaction of business
and such directors so elected shall serve
until the next annual meeting or unit,
their successors in office have been duly
elected and qualified.
The number of directors to serve on
said board during any ensuing year shall
be fixed and determined upon in confOr-
nifty with the provisions hereinbefOre
stated at any meeting of the stockholders
called or convened for the election OF
directors. and such members as may be
selected and elected for that year shall
constitute the number of directors 10
serve during that year
At the annual meeting of stockholders
which is hereby fixed and determined
upon as the first Tuesday after the first
| Monday in February, 1923, and annually
thereafter an election for directors shall
be held, at the office of the company
after ten days written notice thereof
shall have been given to the stockholders
Elections shall be by ballot. and under
the supervision of three commissioners
VINO shall have been appointed by the
| Board of Directors. Two commissioners
shall constitute a quorum. The presi-
dent shall have the power to fill any
vacancy in the event of said commits
sloners failing to appear or to act at the
| opening or any election, at the ap.
pointed hour. The directors then elected
snail continue in office until their sue.
cessors shall have been elected and quail
lne9; a majority OF the votes cast al
every election shall elect. each share OF
stock being entitled to one vote. to be
east by the person owning same or BY
proxy in writing.
Each Board of Directors shall elect a
president, secretary, and treasurer
Any vacancy occurring in the BOARD Of
| directors from any cause whatsoever
shall be filled by the remaining director,
AZ the next regular meeting after such
vacancy shall have occurred The Board
Of Directors shall make such bylaws
rules and regulations for the manage
ment OF the affairs Of the company ms
IT. may deem proper. and may change
alter and amend the same at its pleasure
All documents shall be authenticated by
the signature of the president and
treasurer.
ARTICLE VII. No stakeholder shall
De allowed or shall have the right tC
der of the same has been made TO m,
company in writing. Offering said stock
win an option of ten days for the pur
chase thereof; either by said company
or any or the stockholders thereof nj
the value of said stock as shown by tn,
books OF said corporation at the time O,
sara oner: and at the expiration of ter
LAYS lays, IL the company or the stakeholder.
oil the said option and right to purchas
sald stock. then the said holder so offer
ing SAID stock Is at liberty to dispos
OF SAID stock as he may please.
Ihus done and passed in my office n
me city Of New Orleans, state Of Louis
Iaha' on the day and date herein frs
a rS writer In the presence of Messrs
humund X. Mabry and J. Zach Spearino
competent witnesses, who hereunto sigI
their names with the said appearers an.
whole ns Vi I'M
Original signed: Peter lung p-os
L. Jung, Jr., Secty
witnesses: Z. r. Mabry, ]. Zach Smear
ling. en spear
W. Mel. FAYssOUX.
Notary Public
H. the undersigned Deputy Recorder n
MORTGAGES, In and for the parish q
orIeans' state of Louisiana. do hereb,
amendment to charter of the Crescnn
bed company. Limited was this IA,
uuly recorded In the Mortgage Office q
'ne parish or orleans in Book 1879. Foil,
New Orleans, La, December 0, 1922.
ROBT. SCOTT.
Dep. Recorder of Mortgages
L, the undersigned Notary Public i,
ana Ior the parish of Orleans, do hereb,
ertny that the above and forefoing i
true ana correct copy of the origina
act OF amendment to charter of the Ores
cent beu company, Limited, and of m,
lcertlncate of the Recorder of Norta.aa
l0r TINS parish thereunto appended an,
OF record in my office "-'
| IN fa1th whereof, / have hereunto co
az ' n nana and official seal this 9th da,
W. Mel. FAYssOUy.
Dec. 21-Jan. %. ruohc