The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-10
CHARTER.

templated by the charter. This corpora
ton shall conduct its business in Othe
states ana in the territories and in for
eign countries. and have one office %
more; and may hold. purchase. mOrrEaE
ana convey real and personal propert,
either in or out Of the State Of Louisiana
without in any particular limiting an,
Of the bjects ana powers Of the corpora
tlOn. il hereby expressly declared an,
provided that the corporation shall lav
the power 70 issue bonds anu other ODh
cations, IN payment tor property pur
chased Ut acquired by il. Of for any Othr
object II or about its business, 70 mort
gage or pledge any stock. bond or pthe
obligations by IL issued Dr incurred u
guarantee any dividends or bonds OF con
tracts pr other obligations. 70 make ant
perform contracts Of any sind AMI lie
SCrlptiOn ami ii carrying m its business
or Tor the purpose OF attaining Jr further
!ng any If the objects. 20 do any ana n
. other acts ana things anu 70 exercise
any ana all powers which 4 eOparrnerShII
Or NATURAL person could DO anu exercise
ana which now Ut hereafter may De ~
-huriZei by law.
ARTICLE III-Tne capital stock II n,
said corporation shall be 81. 900 ~. divided
into anu represented by 30 shares II IN,
sum IT $4,000 each. which SAID -tOCA
snail ~ paid n cash At The time Of sub
. -"riptluu. Or the same may be ISSUED. n
not less than par, N payment Ut exchange
purchased by said corporation. OF the
SAME may be issued. fully paid. for money
advanced. ana for such valuable cOnsld-
Grafton or services as the board Of direc-
TORS II Sald corporation may determine
provided. that no stock snail De issued
until the consideration therefor mas been
received by the said corporation.
All shares NJ stock when issued shall
be signed by the President anu the See
rotary Ot the corporation. No shares OF
car nj H..
upon the books N the corporation and
until the certificate OF the shares 20 be
transferred shall have been delivered 20
The corporation iOr satisfactory proof Of
its loss OF destruction. according 20 law.
ana duly cancelled.
This corporation shall commence doing
business rs soon as fifty 5000 per cent
u the capital stock shall have been sub
scribed for.
The board Of directors shall have the
right 10 determine how much stock shall
be issued.
ARTICLE IV-The names and post
office addresses OF the incOrpOratOrs and
the number Of shares Gf stock for which
severaily and respectively We do hereby
subscribe. are as follows
Maurice Whitehead. New Orleans. Id.
Is shares; NJ p. McNerly. New Orleans
La. L. shares Morris P. LeCOmpte. New
Orleans. La, shares, W. p. Brown. New
Orleans. Id, shares.
All the corporate powers Of this cor
poraClOn shall De vested in and exercised
by Board III Directors. The board shall
consist Of four directors. L majority OF
whom shall constitute 4 Quorum Tor trans
acting al business. The Board Of Direc-
tors shall De vested with full power anu
70 make all contracts. purchases
anu sales. ana adopt all bylaws. rules
anu regulations Tor the government of
the business and affairs OF the company
and alter. amend ana change the same
At pressure appoint, hire and discharge
al officers. agents and employees. fix all
salaries. and generally do and perform
all things necessary in the transaction
N the business ana affairs Of the COM
pany. Any vacancy occurring IN the said
board shall be filled by the remaining
directors from among the stockholders.
The first Board OF Directors OF this
eorporatlon shall consist Of Maurice
Whitehead. president; II. p. McNeely
vice president, Morris p. LeCompte see
rotary treasurer. ana ". P. Brown. who
SnalI hoid their offices until the first
Monday in January, 1929. or until their
successors are duly elected and qualified
ON the first Monday IN January, 1875
and annually thereafter, an election for
directors shall be held 1t the office OF
the company. under the supervision of
three 80 commissioners TO be Amounted
pN the president. and the directors then
elected snail take their seats Immediately
ana snail hold office until their successors
are duly elected ana qualified. Each board
consist on president, vice president ana
SEE ret3ry- treasurer. All corporate elec
lions snail be by ballot and a majority
81 Ihe votes cast shall elect. either in per
son OF by proxy. Written notice OF eIec-
lions snail be given 20 each stakeholder
Dy the secretary treasurer at least ten
4 IO) 1ayS prior TO election
ARTICLE N-Fhis act OF incorporation
may De changed. modified. or amended
Dr the capital stock NAV be- Increased ~
ina with the consent OF tyO-thirds "a a
DI the stockholders. change in the an
lects ana purposes may be made only nv
= note OF All the stockholders: but this
'orp"ratlOn may be dissolved nv a vora
pt The holders Of twO-thirds fo-Sl NJ -bo
pose. " 'H"' puI-
ARTICLE VI-whenever this CORPORA
ION is dissolved. either by Iimi+,rian =
us charter. or from auv causa its 49,; -
snail De nquidated by three (3l Unnida
lorS 70 ne appointed from amnug rha
-oIutrs OF the stock at the meeting con-
'ened FOR that purpose after -sp CTOI 5a,-,,
PRIOR notice shall have bean lyivan he -,
secretary TO each stakeholder. Said corn
customers snail remain in office until rha
iiIalrs OF said corporation shall baya
Itit InHy hquidated. In case OF the
iediI OF any commissioner, the survivors
snail continue 70 act
ahEIC LIE Vino stakeholder of this
corporation shall ever be heId UobIa a.
~ r,esponslDIe Tor the contracts OF fouIts
-. ~ my iuTIner sum than the m
l,s balance due TO the corporation an
me shares owned by him. nor sbaT am,
mere lnfOrmaIity in organization have en-
-ieet OF rendering this charter mil nor
- exposing stakeholder to any IiabiIity-
'er9nd the amount OF his stock
,ss nnus done ana passed in nv notarioI
,f flIct IN tne city of New Orleans Ia
aforesaid. in the presence OF Anna IA ID
Deusse and Veriie Bertrand. comneta,+
Witnesses OF lawful age and residin, IN
,,iis city who hereuntO subscriber thair
Iatn- together with said parties and me,
he caption hereof Aorlh III
D hp5urice whitehead. VI. P McNeeIv W
brown. Norris p. LeCompte
rand. verne Ber-
BENZ. W. HERMAN.
ruIv Z. Ann - Notary Public.