The herald., 1922-12-07
CHARTER.

person or by written proxy, for each share
OF the capital stock held by the stock
vote by letter, the signature of which
must be acknowledged before a notary
public or other officer authorized to tax,
affidavits.
this corporation shall be vested in and
exercised by board of directors to b.
composed OF eleven stockholders to b,
elected annually at general meeting OF
Tuesday in January Of each year. A ma
jority of the board Of directors shall con
stftute quorum for the transaction OF
business unless the bylaws of this cor
poration, adopted by the board of direc
tors. shall provide for a lesser number.
Notice Of such meeting and Of all other
stockholders meetings shall be given by
written notice addressed to each stock
holder at his last known place of resi-
dence and deposited in the post office a,
least fifteen days before the date of said
meeting. In case the law should prescribe
a different notice then and in that even,
the notice to said stockholders shall be
as required by law.
Any vacancy occurring among the di-
rectors Of this organization by death
resignation or otherwise shall be filled
by election for the unexpired term by the
remaining directors. And the said board
shall likewise elect additional members in
case they should determine to increase the
number of said board.
The board of directors may, from time
TO time, name and appoint all such OF her
onicers, including one or more vice presi-
dents or agents. as 1t may be necessary
for the purposes and business Of this cor
poration, as well as the salary or com
pensation and the powers and duties. OF
e es S,s Sf sSd agent and employees, shall
rectors. and all such officers, agents and
employees shall hold Office and employ
ment at the pleasure of the board OF di-
rect1rs: ana all officers and directors
shall hold office at the pleasure of the
stockholders who may displace or elect
the successors Of any one or all OF them
at any time. at meeting called for that
purpose, by notice delivered either per
sonally to the stockhOlder or deposited in
the post office at his last known address
hfteen days before the date OF such meet
ing.
The president may at any time call
such meeting, and il the president or Of
ficers of the corporation refuse or fail to
call such meeting when requested to do
so by the holder or holders OF twenty five
per cent OF the stock of this corporation.
then such holder or holders Of said stock
may call such meeting after giving the
notice hereinabove mentioned, at the of
nee or the corporation. If. for any reason
the use OF the Office Of the corporation is
refused. or IL cannot be used for such
meeting, then the caller or callers of such
meeting may hold such meeting elsewhere.
The said board shall also elect at said
meeting a secretary and treasurer. or
one person may be elected to act in both
either of whom may or may
not be member Of said board.
The board of directors may make and
establish, as well as alter and amend. all
such bylaws, rules, and regulations not
herewith, and deemed neces-
sary and proper for the management and
affairs Of this corporation, and said board
Of directors, which is hereby clothed with
all the corporate powers of this corpora
ton, shall have full power and authority
to acquire by purchase or otherwise.
property, real. personal and mixed, and
and pledge the same. borrow and lend
money, issue notes and bonds or mortgage
and hypOthecate same to secure said
loans; to make or sign contracts or cause
same to be made and signed by officers
and directors. especially or generally au
thorized for that purpose, and to do any
and all things reasonable. convenient or
necessary for the proper conduct of the
The first board of directors and officers
VI this corporation shall consist of: julius
Bodenger, whose post office address Is
No. 157 Delaronde Street, New Orleans.
La: Edward w. Burgis, whose post office
address is No. 52S Bouny Street, New Or
cans, Louisiana; Frank c. Duvic, whose
post office address is No. 1913 Morgan
street, New Orleans. Louisiana; Herbert
'01 Opelousas Avenue, New Orleans. Louis
ana; William j. Hennessey, whose post
office address is No. 81 Pelican Avenue.
New Orleans. Louisiana; George Herbert,
Olivier Street, New Orleans, Louisiana;
DR.. Alfred G.. King, whose post office ad-
iress is No. 305 Vallette Street. New Or
cans, Louisiana; DIR. Charles v. Kraft.
whose post office address is No. 500 YER
.et Street, New Orleans. Louisiana; Ralph
P. Nolan, whose post office address is No.
% Lavergne Street, New Orleans, Louis
ana; August Schabel, whose post Office
Orleans, louisiana: Adolph Spitzfaden.
IT.. whose post Office address is No: SIS
Pelican Avenue. New Orleans. Louisiana:
With August SchabeL as president; julius
King, vice president. and Adolph Spitz-
alden. Jr., as secretary-treasurer. VINO
hall hold office until the third Tuesday
n January, 1924, or until their successors
A failure to elect directors on the date
Ipecifed for their election shall not dis
iolve this corporation, or impair its cor
,orate existence or management, but the
directors then in office shall remain in Of
Ice until their successors shall have been
July elected and qualified.
ARTICLE VI-This act Of incorpora-
ion may be modified. changed. altered or
,oration may be increased or decreased.
II this corporation may be dissolved with
he assent of twO-thirds of the outstand-
ng stock Of this corporation present or
convened for such purpose
II purposes, after previous notice OF such
Meeting shall have been given to each
either in person or by notice
ddressed to him at his last known place
4 business, and deposited in the mail OF
he United States /at least fifteen days
revious to the date Of said meeting, IN
pss other notice for a meeting of such
haracter be prescribed by law. in which
vent, the said notice shall be given In
with the requirements OF saiu
aw.
Upon the dissolution of this corporation
ither by limitation or for any other cause
he stockholders at general meeting
allied and convened, after due notice IN
he manner hereinabove provided, shall
lect from among their number three
Iquidators. with full power to sell and
quidate its affairs, collect the outstand-
ny debts. sell and convey the property,
ay its debts and divide the remaining
honey among the stockholders, and invest
hem I'm such other power and authority
s may be necessary and permitted by
NV: the said liqutdators shall remain In
flee until the affairs Of this corporation
hall have been fully liquidated. and in
ase of death or disability Of any one or
aid liquidators, the remaining liquida- |
,rs may fill the vacancy or continue 70 |
CT on behalf Of the corporation, and IN |
ne event of disagreement among SAID
quidators, the action Of the majority |
hall prevail and be binding.
ARTICLE Vino st0ckholder shall be
able or responsible for any costs. con- |
acts. debts or faults Of the corporation.
~ NM m