The herald., 1922-03-23
CHARTER.

annually on the first Monday of February
Of each year, and majority OF MnoIh
shall constitute a quorum Tor the trans
action Of business, and MAJORITY OF
votes east shall decide all quesuOns' an
such elections shall be conducted at the
Office Of this corporation under the su-
peryision of three commissioners TO De
appointed by the president. Notice OF
such election and Of all other meetings OF
stoc kholders whatsoever. unless waived
in writing, shall be given personally OF
by depOsiting in the United states Post
Office in New Orleans. at least fifteen
days before such meeting. notice OF the
holding thereof. enclosed IN "A pOstpald
wrapper. addressed to each stockhOlder
at the last address furnished to this cor
poratiOn by said stockholders, and in the
event that no address be- furnished then
address General Delivery. New orleans.
At least two days before said meeting
complete list Of the stockholders entitled
10 vote shall be open 10 inspection by the
stockholders at the place of said meeting.
At said election, and AZ all other meetings
of stockholders, the voting SHAH De by
ballot, and each stakeholder shall be en-
titled TO one vote for each share Of stock
standing in his name on the books of the
company, to be case in person or by
proxy.
Fifty per centum Of the outstanding
capital stock of this corporation shall
constitute a quorum nj any and all meet
ings for the transaction Of any and an
business. except as otherwise FrOTled by
| law. The majority of stock voted shall
decide all questions. except as otherwise
/ provided by law or this charter.
/ Vacancies occurring in the board Of di-
/ ractors because of death resignation or
otherwise. shall be filled by the remaining
members of the board by selection from
! the other stockholders.
! The failure TO hold annual election
| or to elect directors as above provided
| shall not dissolve the corporation, but the
directors and officers then in office shall
cause an election TO be held as soon as
! possible thereafter. notice of which shall
be given as above provided for the hold
ing of the annual meeting of stock
holders. pending which election the then
directors and officers shall remain as such
until their successors have been duly elect
ed and shall have qualified.
The board Of directors shall, within
thirty days of each annual election, elect
from their own number a president and
vice president. and shall also elect sec
rotary and treasurer and shall have power
to combine the offices or secretary and
treasurer in one person.
The board of directors shall have the
power of delegating all or any of its
power in the transaction of the business
Of this corporation TO committee or com
mittees of its own body or 10 officers ana
agents of this corporation. and the board
of directors may appoint from time TO
. | time such officers, managers, clerks.
! ! agents or employees as they may deem
|, necessary or proper for the conduct of
, the business of this corporation, and such
, officers, managers. clerks agents and en-
ployes shall hold office only at the pleas
ure of the board.
J ANY and all directors shall hold office
at the pleasure of the stockholders, who
/, may at any general meeting held for that
purpose. on notice as above provided Tor
: the holding of the annual meeting OF stock
holders. declare such dircetorships vacant
and elect their successors, and IL shall be
the duty of the president or secretary TO
: call meeting for that purpose at the re-
quest in writing of ten per centum of the
}. capital stock of this corporation then out
standing.
!, The board of directors shall have power
y 10 adopt bylaws for the government OF
:, this corporation and alter, amend and
r abolish the same at its pleasure at any
= general or special meeting Of the board
J. and no previous notice Of any intention "a
|. alter. amend or abolish the bylaws shall
: be required.
The first board of directors shall be com.
: posed of W. L. O'Daniell L. T. Tucker and
;. X. r. Clark, of New Orleans. La, who
shall hold their Offices and exercise theil
:" functions until the annual election to b'
. held on the first Monday of February
L. 1893. or until their successors are dull!
elected and qualified subject TO the con
ditions hereinabove provided.
= ARTICLE vI-This act of incorporation
may be modified, added to or changed
:. or said corporation may be dissolved II
al the manner provide by law of the State o
r Louisiana at the time such action is taken
= and whenever this corporation is dis
!! solved either by limitation or otherwise
10 it's affairs shall be liqHidated by thre
hquidating commissioners to be electe
! at general meeting of the stakeholder:
r. called for the purpose of voting on IN
10 question of liquidation, or thereafter. an
e. in case of the death or resignation Of an
ne of the said commissioners, the survivtn
or remaining commissioner or commits
81 sioners shall continue to act, and in cas-
!! of death or resignation of all OF then
A. three or more commissioners shall b
elected by the stockholders to complet
the liquidation.
u All meetings Of the stockholders and d
rectors shall be held in New Orleans. q
. the office of the company, or If il has n
D. office, at some other accessible place
business. and any and all notices provide
., by law or this charter to be given I
OF stockholders or to directors may
NV waived by the unanimous consent Of II
II. stockholders or the directors respectivel,
o, except as otherwise provided by the Law
t of the State Of Louisiana.
ne ARTICLE Vino stakeholder sha
40 ever be held liable or responsible for n
lIy contracts or faults Of this corporation
he any further sum than the unpaid balan'
la. due the company on the shares OF stoc
of subscribed for by him, nor shall any II
m formality in the organization of this co
ed pOration have the effect of rendering tn
* charter null, or of exposing any stoc
ng holders to any inability beyond such III
m paid balance due on said stock.
Is IN OrQer tnat tnls
Dr. serve as the original subscription list r
nd quired by law, the subscribers to this a
act of incorporation have also written opp
m site to their respective names their r
ay spective addresses and the amount Of car
m tai stock of this corporation subscribe
nd for by each of them.
nd Thus done and passed in my notari
nd office in the City of New Orleans, Parfi
and State aforesaid, on the day and
ra- the month and year first above write
led in the presence Of II. G. Price and Lou
me c. Guidry, competent witnesses, who her
a unto sign their names with the said a
a pearers and me, notary, after due readii
ate Of the whole.
for witnesses: II. C. Price, Louis
led Guidry.
tne ORIGINAL SIGNED):
raj W. L. ODanier New Orleans. La,
9l4 shares: r. e. Clark, New Orleans. La,
lar share; L. T. Tucker, New Orleans, La.
axe share.
lem HENRY P. DART, JR-
al Notary Publ
(SeaD:
.or /. Henry p. Dart, Jr., do hereby cert
Or that the above and foregoing is true a
and correct copy of the Act of Incorporate
the of United States Bonded Warehouse
his Inc. passed before me.
ice HENRY P. DART. JR.
litv Notary Publ
IRA STATE OF LOUISIANA,
PARRISH OF ORLEANS.
ID Il