The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-03
CHARTER.
country for the purpose Of carrying out
the objects and purposes set forth in this

4
| poration is organized and for such pur-
| poses to engage in business in the State
| OF Louisiana and with any other state or
Parish of possession Of the United states
| of America or foreign country 'hit VIII
| permit the same.
ARTICLE IV-It shall have all the
rights and privileges granted by law 10
such corporations; shall have the power
to contract, sue and be sued In It's cor
pOrate name, to make and use corporate
| seal, and the same to break and alter AT
pleasure, to buy, own, hold, lease, receive
convey. mortgage, hypothecate or pledge
property, both real, personal ana mixed ;
to issue bonds, notes and other oonsa-
tons; to have, engage and employ such
officers, managers, and employees as the
business interests and convenience or the
corporation may require; to make ADOPT
establish such bylaws, rules and regula-
lions in the corporate name, not repug-
nant to the laws of the State of Louisiana,
! or other states, territories or possessions
of the United States or foreign countries
in which they engage in business, or the
charter of this corporation, for the man
agement of the corporations AFFAIRS. as
| the stockholders and board of directors
may deem necessary and expedient.
ARTICLE v-The capital stock Of this
| corporation shall be eighty thousand and
90 100 (SSO,OO0.O0) dollars, represented by
| eight hundred $500 shares Of one hun
dred and 90 400 (s1OOOO) dollars each.
The stock shall be paid for in cash when
subscribed for, or the same may be is
| sued for property actually received by or
| services actually rendered unto the said
| cooperation, but said stock shall not be
| issued for less than par.
| ARTICLE VI-This corporation shall
begin business and be a going concern
when eighty thousand and OO/lOO (SSo.-
OOO.O0) dollars of stock shall have been
subscribed for and paid in, and when
ever an increase of said capital stock shall
| have been authorized. fifteen days writ
! ten notice shall be given to eacn stock
holder, within which time the present
| stockholders in the corporation shall have
| the right to subscribe to said increase of
stock in proportion to the number Of shares
| of stock held by them and which shares
shall be paid for at such time and in such
manner as the board Of directors may d.
| rect. After the expiration of the said time
| for subscriptions and payment, the board
| o. directors may dispose Of the shares
not taken, for the benefit Of the corpora-
! ton, in such manner as they may think
proper. at not less than par.
ARTICLE Vino stakeholder shall
| sell or otherwise dispose of any share or
! shares Of the capital stock Of this corpora
/ ton until ten days prior notice of such
intent to do so shall have been given In
! writing to the corporation. during which
! time any one or more Of the stockholders
shall have the privilege Of purchasing said
stock so offered at the actual value. based
upon the books of the corporation.
All transfers of stock shall be made on
the books of the corporation by surrender
ing the certificate thereof to the presiding
officer. who shall write the word can
celled" prominently across the face there
of and erase the presidents signature
therefrom before issuing a new certificate
ARTICLE VIII-At all elections by or
meetings Of the stockholders each share
shall be entitled to one vote to be cast
either by the person in whose name the
stock appears on the books Of this cor
poratiOn at the time of voting or by an
attorney holding said stockholders writ.
ten proxy.
ARTICLE IX-The business and cor.
porate affairs of this corporation shall BE-
transacted by a board Of directors. of moi
less than three directors. nor more thar
five directors. TO be composed of stock
FOLDERS thereof and they and each %,
them shall be elected at a meeting to b.
held for that purpose.
Any vacancies in the board Of directors
so elected shall be filled by the said board
of directors. Louis W. ZOeller, 1919 Cal
houn Street, New Orleans, La: Clarcnc,
A. Hammer. 933 Louisiana Avenue. New
Orleans. La; William f. Bland, 1872 Cal
hOun Street. New Orleans La, shall con
stitute the first board of directors WHIT
shall hold Office until the first Tuesday
after the second Monday in January. 1923
or until their successors are elected and
, qualified, and each subsequent board
shall have their seats Immediately follow.
ing their election, or as soon thereafter
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until their successors shall have beer
elected and qualified. The directors here
inabOve named shall elect their own of
ficers.
The officers elected and designated t.
serve until the first Tuesday after tn,
second Monday in January, 1928 or unit
their successors shall he elected are Al
follows: Louis W. Zoeller. president J51!
Calhoun Street. New Orleans. La; Clarenc,
A. Hammer, vice. president 933 Louisian:
| AVpOup Orleans
Bland, secretarytreasurer, 14I2 Calhoun
Street, New Orleans. La
On the first Tuesday after the secon,
, Monday in January, 1923, and annual!
the stockholders shall be held at the of
, flee Of the corporation after fifteen DAYS
q notice thereof shall have been given b,
q publication in one Of the daily papers ii
during said time, the first to be made fiji
teen days prior to said meeting. Ever
r board of directors shall. at its first meet
ing after its election. or as soon there
after as practicable, elect from their Ow
\ number a president. vice-president and
: treasurer. The board Of directors sha
q also elect secetary, who may or ma
, not be member of the board. The OF
he filled by one and the same person a
!, the discretion of the board.
. A failure to elect directors on the dat
: above specified shall not dissolve the cor
t poration, but the then existing board Q
n directors shall continue in office uut
r their successors are elected. Fifteen day,
!. prior notice shall be given in the name
n hereinabOve provided which notice sha
he full and complete notice to all stock
:. holders Of such meeting.
Any director shall have the right to
: represented at any meeting of the boar
Of directors of this corporation. by an nj
torney holding said directors write
proxy.
The majority of the members of sal
= board of directors shall constitute a quo
rum for the transaction and management
of all business Of said corporation. The
may make such bylaws. rules and regula
i tions as they may think proper for tn
: transaction Of the business and affairs Q
b said corporation. and change alter an
e amend same at pleasure; appoint and fl
o salaries of all officers, clerks and Ell
d ployees. the same to change and dismis
d at pleasure, fix salaries for officers pro
: vided for herein; SELL convey, mortgag,
Y pledge. lease and purchase property
d movable. immovable and personal. borro,
y money, issue notes and bonds. lend none,
f make contracts and sign and cause to
: signed all necessary acts deeds, etc.
|, take judicial proceedings in the name an
o on behalf of this corporation. and to d
2 all things which may be necessary to b
S done in the management Of said bushes
e and may be permitted by law applying I
e corporations and declare dividends.
e ARTICLE x-This act of incorporate
y may be changed, modified or altered o
Q said corporation may be dissolved wit
OF stock present or represented at an
; | NJ ha cto