The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-03
CHARTER

To hire lease. np,o1-
ave farms and planta1;n, owl ~
ana purchase live-stocS 70 NJ
erty necessar Uoats' cars and iisspks
poses: and in VI Convenient ,sAe
establish general na.on the,sssh
where, and r. within c the St,,& ~
ness, planting, merca n,', any 9th.
OF otherwise incidents1 manus.A
com pany's objects, 70 any We
~ 10 o,E acquire, and hold bv No.,
NJ U,o, o,Ihtl"iSe, property, real pufca,s
800 .,U' aui,' linmoyable and n, and pesS
S So.t, 10 sell, lease, mortgsmnil mixed NY
d 80 ' or otherwise DIS plste
anu very way whatsoevsppOse dh
',onvS, 10 draw, make ana 70
% -. rAthahse and promissorSS endors
c cSSus oohds; to buy, less. hotes M
. unst' maintain and ms tent
a., cs.aIy or incident 10 ~ uae b1lR
- ~ cOntein plated, and 10 br, Ouslnsa
tISe real estate or persons;; seA, I'm
aut course and conduct ~ pfupers
o itner IN connection with ss ss's Sssa
o'T Ta SAID SOsns.
] To acquire by purch.s.
ana 70 hold for inyestm.s. OF OA,,,
10 S'll, assign, transfer 49, OF otA,,,'
OF otherwise dispose ~ hngage NJ.
securities or evidence ~ iones %
any shares Of capital stocI ueoteta,s
I o"IPoIatlon or cOrpora,ion VI any ~
or associations, whether ~ assOa,s
nestle; and while the OWN otegn
10 exercise all the rights sait %,
| privileges OF ownership power =
rlGht to vote thereon, 10 ~ Intending
as a natural person might a.. sane ne
ANA generally TO do oil a.,
ana legal that may relate ulngs m.
the objects and purposes b ~, spDsrtlk
The foregoing clauses shan \. @ta
Doth as objects and powers Oe eehstas
.roie' expression or decl,,..A M
specinc or special powers =,
herslh enumerated, shall be pe1ss
NcIusNe' put 1t Is hereby eYn' a.
Jared That all other lawful ,HS "sg
inconsistent Herewith, and pussn b
natural person might have ,sS a NJ
are hereby included. ana sless
ARTICLE IV-Tbe cani,.,
corporation Is hereby dscl. ..ceK u d
fourteen thousand (si4OO00M
vided into one hundred ana ssOaan
shares of the par value ~ iofl a
SlOO.oO dollars each. all a, que hnts
De common stock, and Which .aNl d
be payable in cash at the INV a'cl IL
| scriptiOn. "e TINE q d.
non assessable. We iul patni
This corporation shall hsco,
concern and be authorized h ns
business as soon as the anti. pe
stock OF fourteen thonsand ~, AN
dollars has been subscribed ,na wsis's
Certificates of stock shall h. So,
the president and the secretsrv.ssas
ana each share Of stock shall ss,,s
owner thereof. either in person
written proxy, to cast one va.
meetings of shareholders. WV
Any shareholder wishing IA ..u,,
her stock must first offer the s.n
writing, to the other sharebalS.,. n !
the board Of directors, at A pr;r, -.
ceeding the book value thersas ~
board Of directors shall have ten ma ~
IN which to accept or decline snss ~ w
Should any shareholder make s.y ~. w
violation Of this clause, the sams ~
null and void. -s 'A'N
The shares of stock Of this eo,,,...-
shall be transferable on the hoss' !.
this corporation only, and no n,,s.
shall be binding on the corno,.aa,
have any effect, unless and uptsl =.
upon said books. ne
The capital stock OF this esr,a,,s.
may be increased from time to tins 4 :,
amount not exceeding one hundred ~.
and dollars, in accordance with u, \.
visions of the law appertaining thersa
ARTICLE VAN Of the pows,s ~ a.
corporation shall be vested in nd ~,
cised by board Of directors. counssl
not less than three and not NOR, A.
seven shareholders, a majority 10 es,rI
tute a quorum for the TRANSACTION 4 I
business. A majority of the board a A
rectors voting at any one tine sb,n |.
required to pass any resolution. Or An,
any bylaws, which, when 50 pass !,
adopted shall become valid corporsts "A
k9nuk
The first board Of directors whe n
hold Office until the second Tuesdsy 1
February. 1923. the date Of the ann
meeting of the corporation as be,eDIh,
fixed, shall consist Of: ]. c. LeBsurr,M
who shall be president, 1525 STATE xir
New Orleans, La; j. T. Landachs, VI
1 snail bt tlIt-pItelutult htIlys o. AZ
Parish. Louisiana; Joe B. Chafe, Vi
shall be secretary treasurer, 7l3 s. Len
street. New Orleans. La; J. T. Gnk,
1886 Olivier street, New Orleans, Ia; hr
w. Henry, 1920 Soniat street New O.
leans, La.
The board of directors, except a In
inabove provided for shall be elected .
nually at general meeting Of the sis
holders to be held on the second TuesF
in February, 1923, and on the sane D.
and month in each and every sueceetl'
year thereafter, after fifteen days nsru
in writing mailed to each shareholder 4
his last known address appearing "
the books of the corporation. unles u
? notice is waived in writing By al .
shareholders appearing as such upon
r books.
, Special meetings Of shareholders u
always be called by the board o. are
tors, subject to the formalities q 70 non
as hereinabove provided In ss'n
general meetings.
A failure, however. from any GU
whatsoever. to hold the annual nel1
I. of stockholders, or the failure % =
directors thereat, shall not operir Z
forfeiture Of this charter, nor fnp1i J
/ corporate management, but the olisar
then in office shall remain In ene =
! shall serve until their successor y,
!, been duly elected, qualified ana nsnr
Any vacancy in the board Of ohn ,s'
. from any cause whatsoever. shan y ~
for the unexpired term By the rens W.
directors. And the said board ".
e tors shall have power ana autnolM
: make all necessary rules and reessn I.
for the operation and control o. /,
h business OF the corporation. a. ~
: to make all necessary rules ana W..
4 ARTICLE vI-This act OF i1esiy,,
tion may be changed, altered o. iss
: or this corporation may BE- cisS ,ns
:, and, with the assent OF the sss. -,
tw6-thirds in amount OF ia ~, ~,
outstanding stock, at q genera . IN
;. convened for that purpose s,s !, n
500 days notice In writing nal'ss y. "
shareholders last known adciesN, /, =,
ter fifteen (15) DAYS publieatcn. o. = 4
the daily newspapers In the w
. Orleans. and as prescribed oy as,.s,ss
Whenever this corporation assiss n
!. by limitation or otherwise, Us sar
be iiquidated under the sup 's.,s I
. threa commissioners, to be er.sN =