The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-09
CHARTER.

( thereof. and the stockholders shall have
/ an option and first right 10 purchjs.
/ all shares of stock to be thus dlSpoa'a
/ of by sale or by the death. reSlghatloh
or otherwise of any of the stockholHtrS
/ of the corporation, and shall have pc
riod of ten days in which 10 accept Ct
decline such offer of stock. should the
I Board of Directors or the stockh"ldrTN
decline to purchase said stock. then the
stakeholder or stockholders who made
the offer TO sell or otherwise dispose or
the stock may sell or otherwise dispose
of it in any manner and AT any pfle'
that he or they may see Mt. BUT "d'h
share of stock is issued under the con
dition aud understanding that no stock.
holder shall make "A sale OF transfer or
/ his stock in violation of this provision:
and such sale or transfer, If made, shall
he void and this Company shall be under
no obligation TO list said stock on It's
books or to regard the holder Of the
certificate thereof.
ARTICLE VII. The corporate powers
/ of this corporation shall be vested in
and exercised lay Board of Directors.
| composed of four stockholders. IN" ma
1 iOrity OF whom shall constitute quorum
/ for the transaction Of business. Tbs
/ Directors Of this corporation may vote
I in person or by written PROXY At any
of the meetings of the Board of pircc-
/ tors
The first Board of Directors Of this
/ corporation shall be- composed Of the
/ following: Thomas Dabncy Case. W. W.
/ TeeI J. q. Case W. Il. smith Vaniz. with
Thomas nabney Case n President and
Secretary, and J. q. CASE a Treasurer.
and they shall serve until the first Tues
day in February, 1923. or until their sue
cessors are elected and qualified.
The Directors shall be elected annually
by the stockholders. at meeting held
on the first Tuesday in February Of each
year thereafter. Notice of such meet
ing siall be given eight days betor" the
date of such meeting, and shall be- Sant
. to each stakeholder at his last known
address.
Each stakeholder shall at such annual
meeting or other meeting, general or
special, be entitled. in person or by
proxy, to one vote for each share Of
stock owned by him.
The directors, when elected. shall hold
office for one year, or until their sue
cesSOrs shall be elected and qualified
and failure to hold the annual meeting
of stockholders or TO elect annually tn
Directors, shall not operate the forfeiture
of this charter or any rights Hereunder
Any vacancy occurring in the Board
of Directors may he filled by the Board
of Directors for the unexpired term.
ARTICLE VII. This charter may be
changed, modified, altered or amended
by and with the consent of two thirds
of all the stock present at any meet
ing. general or special held for that FUR
pose; and such may be material or i'm
/ material subject TO limitations as may
be by law provided; and this corporation
shall have the power to increase or te-
crease its capital stock as hereinbefor6
set out.
ARTICLE VIII. No stakeholder of this
corporation shall be liable or responsible
for any costs contracts. debts or faults
of this corporation, or any of its officers
nor shall any mere infOrmality in organ
izatiOn have the effect of rendering this
charter null and void, or of exposing
a stakeholder TO any liability beyond
the unpaid balance due on the stock held
by him.
ARTICLE IN. In case of the dissOlu-
ton, liquidation OF termination of this
charter, by limitation or otherwise the
affairs of this corporation shall be liqui-
dated by one or more lquidators elected
by the stockholders, who may provide
the number of said liquidators and vest
them with such authority as may by law
be permitted, and fix the terms and con.
ditiOns upon which they shall serve and
their compensation, and any other regu-
lation which to them may seem proper
ARTICLE y. The subscribers hereto
{ have written opposite their names the
{ number of shares subscribed 20 by each
; OF them and their postoffice address,. Sc
n that this charter may serve as the sub
scription list of the corporation; all q
9 which subscriptions are payable in tn,
= manner and form set out herein.
Thus done and passed AZ nav offc,
: in the city of New Orleans, Louisiana
: on the day. mouth and year first allow
: written. in the presence of Paul E. Chase
g and Edwin T. Merrick, competent wit
/. neAes. who have hereunto signed thes
o presents with the said appearers and me
a Notary, after due reading of the whole
= Original Signed)
$ Witnesses:
II PAUL +. CHASEZ,
EDWIN Il. MERRICK.
$ HERMAN l.. BARNETT.
/. Notary Public
d Recorded in NJ. o. b. 1853, folio -
: Parish of Orleans.
a True Copy
l. HERMAN L. BARNETT.
), Notary Public.
4 Jan. 12-Feb. 16