The herald., 1922-11-30
CHARTER.

1 sum Oh fOrty Thousand Dollars
divided into and represented by Foul
Hundred shares of the par value of ON,
hundred Dollars each, and shall be paid
for in cash, or may be issued at moi
actually purchased by or services rem
dered to this corporation at such time,
and in such installments as the Board
OF Directors may direct.
| The amount to which the capital STOCK
or this corporation may be increased 1,
hereby fixed at the sum of One Hun.
dred Thousand Dollars, divided into and
| the par value Of One Hundred Dollars
| each, and said stock or any part thereof
may be issued on complying with tbs
requisites Of the law. and said stock
so issued may De paid for in cash or
may be issued at not less than par in
payment for property actually purchased
by or Tor services rendered to this cor
| poratl0n at such times and in such in.
stallments as the Board of Directors NAV
direct.
No stakeholder shah sell his shares
IN TINS company without having first
offered same to the Board of Directors
and said Board shall have the right To
purchase the same for the benefit of the
other stockholders within ten days there
aiter at the book value as shown by the
There shall be written or printed
across each certificate of stock: These
shares shall not be transferred, except
in the manner required by the charter
ana bylaws OF this company"
ARTICLE V. All the powers of this
corporation shall be vested in and ex-
ercised by a Board of Directors TO be
composed Of not more than five and NOT
less than three stockholders. as NAV T he
determined by the Board of Directors, to
be elected annually on the second Mon
day Of January of each year. and a
quorum for the transaction of all bust
ness, and majority of votes cast shall
decide all questions; all such elections
corporation under the supervision Of two
commissioners TO be appointed by the
president. Notice OF such election and
OF all other meetings of stockholders
shall be given personally or by deposit
ing In the United States pOstOffice in
New orleans, at least fifteen days be-
iere such meeting, notice of the hold
ing thereof, Enclosed In a postpaid wrap
per, addressed to each stakeholder at the
last ADDRESS furnished to this corpora
ton by said stockholders. at the last ad-
dress furnished to this corporation by said
stockholders. and in the event that no
address Is furnished then addressed
General Delivery" New Orleans. At
complete list of the stockholders entitled
TO vote shall be open to inspection by
the stockholders at the place OF said
meeting At said election and at all other
be by ballot. and each stockholder shall
be entitled to one vote for each share |
Of stock standing in his name on the |
DOCKS OF the company, TO be cast in |
Fifty per centum Of the outstanding |
,apital stock Of this corporation shall |
quorum at any and all meet
a ngs Tor the transaction Of any and all !
BY law. The majority of stock voted
It any said meeting shall decide all
questions except as otherwise provided
~ law or by this charter.
D, Vacancies v:.,Hs occurring in the Board of
n otherwise shall be filed by the re-
naming members Of the board by seIec-
ION from the other stockholders.
The failure to hold an annual election
: 10 elect directors as above provided
ne directors and officers then in office
NAH cause an election to be held az
con as possible thereafter. notice Of
which shall be given as above provided
or the holding Of the annual meeting
4 stockholders, pending which election
ne then directors and officers shall re-
lain as soeh until their successors have
cen duly elected and shall have qualified.
The Board Of Directors shall within
hlrty days Of each annual election elect
rom their own number a president and
vice president, and shall also elect a :
ecretary and treasurer, and shall have
over to combine the Offices Of secre-
try and treasurer in one person.
The Board Of Directors shall have the =
over Of deIegating all or any of its +
over in the transaction Of the business '
,mmittees Of its own body, or to Off r
RS and agents Of this corporation, and
~ Board of Directors may appoint e
gers, clerks. agents or employees as =
ley may deem necessary or proper for n
le conduct Of the business of this cor a
s srs and such officers. managers, e
srks' agents and employees shall hold ii
nee only at the pleasure Of the board. ID
Any and all directors shall hold office Il
the pleasure Of the stockholders, who b
ay at any general meeting for that
q baldi G1 n ." e., as above provided for
eckh eiders, declare such directorship
cant and elect their successors, and II nj
al be the duty Of the president or sl
cretary to cali a meeting for that pur- 10
'se at the request in writing Of ten per ell
ntum Of the capital stock Of this cor p,
ration then outstanding. 81
The Board of Directors shall have the
wer to adopt bylaws for the govern N
lend and abolish the same at its pleas. a,
e, at any general or special meeting nj
tne ooan, and no previous notice Of 81 >,
bylaws shah be required. IN
The first Board Of Directors shall be n,
imposed OF l.. Leon Where. St. Denis
Where Miss Corinne Marie Where. a
SIS MafhIlde Louise Bernard and Miss ell
ice addresses appear above, with l.. be
on Where as president, st. Denis J. in
Here as vice-presfdent Miss Mathilde ST.
uise Bernard as secretary, Miss Co.
me Marie Where as treasurer, and To
IS Anais Josephine Where as mem w;
Z OF the board. who shall hold their m
Ices and exercise their functions until Of
annual election to be held on the bo
ono Monday In January, 1924, or until oh
~ successors are duly elected and sh
afified, subject to the conditions here wi wi
ARTICLE vi. This act of incorpor. IN ho
on may be modified. added TO. or
ingec, or said corporation may be dis str
ved IN the manner provided by the 10,
IS or the state Of Louisiana and at On,
time such action is taken and when no
r this corporation is dissolved either ri,
limitation or otherwise, its affairs bir
III be hquidated by two Iiquidating dir
TO be elected at a general ior
sting Of the stockholders called for Gle
:. purpose Of voting on the questions the
the death or resignation Of any of sbs
said commissioners the surviving or AM
laiping commissioner or commission mes
snail continue to act; and in case of | as
IN or resignation Of all Of them. then Din,
more commissioners shall be elected ami
the stockholders to complete the ciel
II meetings Of the stockholders and a ane
'ctors shall be held I'm New Orleans hay
the Office OF the company, or IL IL sal,
ne office at some other accessible plo
e oI business. ana any or all no tor
p Pro.lueu oy law or this charter sba
may be waived by the unanimous Of
sent Of the stockholders or direcfors A