The herald., 1922-03-02
CHARTER.


annually on the first Monday of February
of each year, and majority of whom
shall constitute a quorum for the trans
action of business. and majority OF
votes east shall decide all questions; all
such elections shall he conducted nj the
office of this corporation under the SUI
pcrvisiOn of three commissioners To be
appointed by the president. Notice of
such election and of all other meetings of
Stockholders whatsoever. unless waived
in writing. shall be given personally or
by dcpOsiting in the United states Post
bnice in New Orleans. at least fifteen
days before such meeting. a notice of tn"
holding thereof. enclosed in postpaid
wrapper. addressed To each stakeholder
at the last address furnished 10 this cor
pOrdtlon 10y said stockholders. ana IN the
/ event that no address be furnished then
address General Delivery. New Orleans.
NJ least two days before said meeting
complete list Of the stockholders entitled
10 vote shall be open to inspection by the
stockholders ut the place of said meeting.
At said election. and mt all other meetings
OF stockholders. Tia" voting shall he 10y
ballot, and each stakeholder shall he en-
titled 10 one vote for each share of stock
standing in his name on the books of the
company, to be case in person or by
proxy.
Fifty per ccutum of the outstanding
capital stock of this corporation shall
constitute Il quorum al any and AL meet
ings for the transaction of any and al
business. except as otherwise proHIed by
INV. Nv H4aJtIllN OF Nl'' h NhA''l N'Htll
decide all questions. except a. otherwise
provided 10y law or this charter.
| Vacancies occurring in the board Of di-
rcctOrS, because Of death, resignation or
otherwise. shall he filled by the remaining
members of thC board by selection from
the other stockholders.
The failure to hold an annual election
or TO elect directors as above provided
shall not dissolve the corporation. but the
directors and officers then in office shall
Isssa .1.s L.. 1.aN.4
possible thereafter, notice of which shall
be given as above provided for the hold
ing of the annual meeting Of stock
. holders, pending which election the then
. directors and officers shall remain a. such
until their successors have been duly elect
ed and shall have qualified.
The board Of directors shall. within
thirty days of each annual election. elect
, from their own number a president and Il
vice-preSident and shall also elect sec
Rotary and treasurer and shall have power
to combine the Offices or secretary and
r treasurer in one person.
The board of directors shall have the
e power of delegatng all or any of its
power in the transaction of the business
% of this corporation to a committee or com
mittces of its own body or to officers and
agents of this corporation. and the board
a of directors may appoint from time to
> time such officers. managers. clerks,
! agents or employees as they may deem
| necessary or proper for the conduct of
. the business OF TINS corporation. ana suCn
officers, managers, clerks. agents and EN-
ployeS shall hold office only nj the pleas
ure of the board.
Any and all directors shall hold Office
at the pleasure of the stockholders, who
, may at any general meeting held for that
purpose. on notice as above provided for
the holding of the annual meeting of stock
holders, declare such dircetorshipS vacant
the duty of the president or secretary to
call Il meeting for that purpose AT the re-
quest in writing of ten per centum of the
. capital stock Of this corporation then out
, standing.
The board of directors shall have power
to adopt bylaws for the government of
;. this corporation and alter. amend and
r abolish the same at its pleasure at any
general or special meeting OF the board
and no previous notice of any intention to
F. alter. amend or abolish the bylaws shall
br required.
! The first board of directors shall be COM
posed of W. l.. O'Daniel. l.. T. Tucker and
. X. +. Clark of New Orleans. La. who
shall hold their offices and exercise their
functions until the annual election TO he
held on the first Monday of February,
L 1923. or until their successors are duly
elected and qualified subject 10 the con-
ditions hereinabOve provided.
ARTICLE VI-This act of incorporation
may be modified. added to or changed,
7, or said corporation may be dissolved in
the manner provide by law of the state of
| ~
: and whenever this corporation is dis
) solved. either by limitation or otherwise
U it's affairs shall be liquidated by three
liquidating commissioners to be elected
ut general meeting of the stockholders,
: called for the purpose of voting on the
question of liquidation, or thereafter. and
in case of the death or resignation of any
q of the said commissioners. the surviving
. or remaining commissioner or commits
: ! siOners shall continue to act. and in ease
of death or resignation of all of them
= three or more commissioners shall be
elected by the stockholders to complete
the liquidation.
All meetings of the stockholders and di-
= rectors shall he held in New Orleans, al
the office of the company, or If il has M
: office, at some other accessible place OF
business, and any and all notices provided
a., by law or this charter 10 be given "a
. stockholders or to directors may be
!, waived by the unanimous consent of the
!, stockholders or the directors respectively
! except otherwise provided by the laws
g of the State of Louisiana.
e ARTICLE Vino stakeholder shall
= ever be held liable or responsible for the
V contracts or faults of this corporation IN
e any further sum than the unpaid balance
/, due the company on the shares Of stock
# subscribed for by him. nor shall any in
: formality in the organization of this cor
d poration have the effect Of rendering this
I, | charter NULL or of exposing any stock
9 holders to any inability beyond such I'M
: paid balance due on said stock.
= In order that this charter may also
: serve the original subscription list re-
d quired by law, the subscribers to this act
I of incorporation have also written oppO
= site to their respective names their re-
y spective addresses and the amount of capt
!, tai stock of this corporation subscribed
d for by each of them.
a Thus done and passed i'm M notaria
y | Office in the City of New Orleans, Parish
and State aforesaid on the DAY and in
l. the month and year first above written
d in the presence of III. G.. Price and Louis
@ &. Guidry, competent witnesses. who here
a unto sign their names with the said APP
n bearers and me, notary, after due reading
e of the whole.
r Witnesses: III. G. Price, Louis c
q Guidry.
> ORIGINAL SIGNED:
II W. l.. ODanier. New Orleans. La, 24s
shares; X. +. Clark. New Orleans. La, On
r share; l.. T. Tucker, New Orleans. La, a.
e share.
n HENRY p. DART. JR.,
! Notary Public
(SeaD:
: /. Henry =. Dart. Jr., do hereby certify
: that the above and foregoing is a true and
correct copy of the Act of Incorporation
G of United States Bonded Warehouse Co.
S Inc, passed before me.
: HENRY z. DART. JR..
y Notary Public
! STATE OF LOUISIANA,
PARISH OF ORLEANS.
. CITY OF NEW ORLEANS.