The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER

pom the recent - u
notice. the board " he Frs
wise the person oy vi director, IA
Go sI Vt representatiye said ~
g J', ~ III giving the y,,U 20 JON ~
MSS %, C', . shall be es,s,o q NJ
.+,,,,.. OIL the last aRpn easItablsss% =
,la il''nt or report Of ,s or ss,s
,n" laNt monthly tria,' Ie eOrpS,,.es
49,, Hlle OF such no,,. oalanee 20
. mus round and estahHss aud sEssSE
r. within twenty.t ~ said 'tc;tp s
notice 10 the owSot our hour, :,
esr,l I,iye' does not join a'S Agent
go ,,I, p,'',h.ns, the price with b,
80 ~ me board NAV VI ralg.
inI '",f delay to fix tbs proceed
ln1 .Nt report and sad u,.%t
S"'! log that purpose 'iI ia. balapS.
N''iar"d 10 he copclnS,rN which WI. III
AGAINST all PARTIES ~ eyideDes y
'I'iI, '>"S, whether the Interest y
by the joint act of ~ value l. ~,
WIDOW, heirs or renras. owner, M
""drc of directors =, ehtatiVe A.
acting in default ~ said a,
anu person or persons, eo-Opeas'
pom the receipt Of thu
'I'" OF any shareholds, o1et o. a.
((Io.N, ana upon obtainir,'o pOrci,s
.!'',ty 10 said board fos gsaafslls
o. IA" board OF di,o lor The Din y
give notice 10 the ownoofs shan
"t'ht or rrpresentsr,roa VI the y.-c
n I + 1-,',i5H OIL the period Of aga osis
rarti,i 49,, SnaIl call in the eight
,.., IN ,t I''S representing snot ce'tisa,
,''' the price or value ,b such aSi
NJ are ,E Sa'n, 70 be transferred e 81 ,at
~ The preference on,,.
purchase. heretofore y e.Ol and ia
-raph ~ in the other sSua By III
exist IN full force and ssnafeAOldsn
ceased ' s,e.t lhe shares of sto a. tas' s
,r NJ no,, S,'oehholder, and tSo ,dIs
di,io, rourSe OF Procedure, tSs t0'rC
u li, Slipulations and 'ae tens
dp"Ee established in said ,ooelaN -
Apply in all respects 10 paraguay !.
." ioIIoWed in case OF dso.I pfOcst,s.
u pom receipt Of informstina lnasy
OF any shareholder. II hun o. h, y
OIL The board of directn.a De u,
necessary steps to be tsIs. 70 cass
ana enforce these proylsionu, 70 e,'q
90 The preference. nDss
o -, purchase, hereinabove ss,OSs lit ii
run run IN favor OF each sharsS,HS199nshs >
LOT MS ylrlle share In n,oet Of -
tAlsIlnS holdings in the s, OpI
an! shareholder fail 10 sTS. A, O1. d
III thlS regard, his right we ID a
ana be absorbed by tbs saSH pn
holders, provided that ~. Otnei ns
WIDOW, heirs or legal rsn IN. oshr
the case may be, shall nip.'esenl,tTs
80 , Idid stock unless the 49,. .o.s4
Ia haSe the same shall incluSs :. .
tue ehtlrety Of the Offering S, sae nj
Paragraph (2). ~ HO'dins u
GA All certificates OF s,o,.
brief reference to the ,i sJSA n'l
tabllshed in the favor OF ~ nsisi
ARTICLE v-All the co,,. '''.A''da
OF TINS corporation and ths pO,se r'a|
ana control of its affairs ,..,-as
power TO sell, transfer, pIeac.' ,uai. 8
OI All or any part Of the 80 VI ceA
corporation, shall be vested ,sa q 1
erclsed by board OF dirsc,...n' ~
or three stockholders. A msio.,. uep~
snail constitute quorum b.. VI VI
action of all business. Ths a.. we ~
De elected annually by the strsss,l
a. d meeting to be held on the r.. &
uay atter the first Sunday N nv A
IN the month OF January, s,IS "a. a. y
De preceded by three DAYS W,,,,'s
10 the stockholders. Each s,s.,I ~
snail be entitled, in person n,
TO vote for every share ovn.SH Ne
and all elections shall be hslS ~ Z
rules and regulations as ma, 'I.u q
mined by the board of directo,, y ~
rectors. when elected, shall sa,,.e
Office for one year, and pnt,l Nv.
ceSsors have been duly eiectss ' - =
quallfled. No failure to elect ,h,r -
ate the forfeiture Of this Charter 1.
vacancy occurring on this board n, \
hlled by the remaining directors 4, =
unexpired term. The board az A..
snail, at its first meeting after h, 4.
tlon, select out Of its number, A pr,si-
and one, pr more vice presidents md \.
also elect a secretary treasurer. VIA =
not, however, be member Of "A, n.
The president shall have the rirbt \ =
Point and dismiss the clerks ,na a.
employees of said corporstiou n -.
ure, and as the interest and buS,,.
the same may demand. He may uss
this authority by proxy. AnJ t-ss
being sick or absent or about 10 liz
himself shall have the right 70 upe
by written instrument, another drrr
or stakeholder to act as his prory !
stead at any and all meetings Of il, NJ
board OF directors during bis ibs,a
The first board Of directors and osn
shall be composed Of the following urx
persons, who shall serve until the slkaa
to be held in 1923, namely: ChHs
Burthe, president, New Orleans, Ia; v
b. Sirera, vice-president, New 0rn
La; c. ]. Everett, secretary, yH b
leans, La.
ARTICLE VI-The funds Of thb "
poration shall be deposited from iiE }
time in a bank or banks to be Rlxia !
the board Of directors. All chech NJ
or other instruments drawn, erecutk d
issued, in the corporations name nj B
half, shall be signed by the prssidsf
the vice-president, and the srat
treasurer. No officer shap thus % .
indorse the name Of the corporitia, On
strictly In Its concern.
ARTICLE vino stockholder hiI J
held liable or responsible for cs'n11
faults or debts OF the corporitoi
shall any mere informally In It's Grt
cation have the effect Of rendsfiu y
null. or of exposing any go
holder 10 liability beyond the unpla >
lnce due on the shares owned By IL
ARTICLE VIII-This act OF intel-a
ton may be changed, modified q =
tered. or this corporation may
solved, with the consent OF NE -
holders owning two-thirds OF al ne ).
Of this corporation, at q general -
for that purpose, ana f,a \
least three days written notice y
shall have been given ,ns
mail, addressed to each stocsne.a \
his last known place OF resl1es I
,ase of dissolution by the eipli ~
this charter, or otherwise. me -
holders shall elect q iquidator IRON ~
their own number, who shan "" ~
authority to settle and wind W
ness and affairs of the compsn
.erms and conditions Of. and ne ~
,ation for such services, SIAN =. q. ~
he time of election. In case o.
DR. disability Of said commis =
iquidator before the liquid,ii'.. ..,,s
lffairs of the corporation, the vt ~ 4
o fill the vacancy may be spp'A'"
he stockholders. .,... a
ARTICLE IX-hny AND 81 w., NJ
delays provided for by THIS CHILE .u.s.,, I
De waived by the unanimous .,I,s o
he stockholders or directors ''"
,ressly prohibited by law. -, ,,e,ss
ARTICLE X-The names ana x. ID
addresses of the subscribers /" nj D
al stock of this corporauyA' \, nd
lumber Of shares subscriber !"
hem, are as follows: o.,..,s "a. q
Charles A. Burthe, New 0ri e.IDs,s u
hares; W. b .Sirera, New o o,,s,ss u
share; c. ]. Everett, New o'
share. A, my rc.tS