The herald., 1922-12-14
CHARTER.

pay therefor in full paid stock of this
corporation. or otherwise. This power to
purchase and acquire shall be exercised
by said Board of Directors without the
necessity of reference to the stockholders
for authority. and the personal Interests
Of the stockholders or directors shall not
respect from dealing or contracting with
the corporation In any such matters
things or otherwise.
ARTICLE VIII. The annual meeting
Of the stockholders of this corporation
for the election of directors shall be held
on the second Monday in January OF
each year. commencing with the second
Monday in January, 1923, until which
time the officers and directors named in
this charter shall continue in office or
until their successors have been elected
and qualik'd, The election for said
directors shall be by ballot. and the
majority in amount. whether in person
or by proxy, shall elect the persons for
whom they are cast. Each share of stock
voted upon, to be counted for but one
vote. Said stock shall not be entitled To
cumulative voting
ARTICLE IN. The Board of Directors
such bylaws, rules and regulations as
the affairs and business of the cOrpor-
alton may require and il may deem nee
essary for the conducting and manage
ment thereof; provided the same does not
conflict with this charter and the laws
of the state Of Louisiana, and those of
the United States of America: to name
and appoint managers, fix their compen-
Sation and t,NmS of employment as well
as name and appoint agents and EN-
plOyees as in its discretion may seem fit
and proper. as well to fix the salaries
and terms of employment of the officers,
employees. clerks and assistants.
ARTICLE " No stakeholder shall
over be held liable or responsible for
the contracts. faults or debts of this
corporation. nor shall any mere infor-
mality in its organization have the effect
of rendering this charter null or of eX-
beyond the unpaid balance due on the
stock owned by them.
ARTICLE NJ. The names and ad-
dresses of the subscribers to these arti-
cles of Incorporation and the number of
shares of stock subscribed by each are
as follows: Harry III. FOrst. subscribed
Si0.OO00O. paid in cash 100000, New
Orleans: Herman X. Heitzner. subscribed
Orleans; Joseph NJ. Heating. Sr.. sub
scribed 100000, paid in cash 100000.
New Orleans.
ARTICLE NIL All stockholders meet
ings for the election of directors. as above
stated. shall be held after fifteen days
written notice mailed to each stakeholder.
Other stockholders meetings may be held
when ordered by the Board of Directors.
or when requested by at least twenty
I'VE i've per cent of the outstanding stock:
other than adjourned meetings, shall be
given I'm the manner prescribed for stock
holders meetings for the election of
directors. unless such notice is waived
ARTICLE MIL This charter may be
amended. altered or changed at a special
meeting called for that purpose. notice
of which is to be given in accordance
with the provisions of this charter. by
the vote of two thirds of all the stock.
ARTICLE NV. This corporation may
be dissolved by the vote of two-thirds
of all outstanding stock and upon COM
2S of Act 261 of the Louisiana Legisla
ture of 1914. and in the event of such
liquidators shall be named
and appointed with all the necessary
and as provided in sarH legislative act.
Thus done and passed in my office on
the day and date first above written. in
the presence of NJ. g. Stein and Gladys
this city, who signed these presents.
together with the parties and me. notary.
after due reading Of the whole. the par
ties hereto affixing opposite their names
their respective subscriptions to the cap
ital stock of this corporation. which
shall constitute the original subscription
list Of stock subscribed to this corpor-
alton.
Original signed: Harry II. Forst. 100
shares: Herman r. Heitzner. 40 shares:
Joseph NJ. Heating. 40 shares.
Witnesses: VI. G. Stein. GLADYS Jene.
II. ". KAISER.
Notary Public.
I. the undersigned Recorder of Mort
cages in and for the parish of Orleans.
state of Louisiana. do hereby certify that
the above and foregoing act was this
dav duly recorded in my office in Book
1879. Folio 2S6
New Orleans. Dec. f. 1922.
ROBT. SCOTT, u. r. VI.
A true copy:
III. W. KAISER.
Notary Public.