The herald. [volume] (New Orleans, La.) 1905-1953, 1922-02-02
CHARTER.

and in the absence of any commissioner
the president shall have the power to fiji
the place by appointment. or all such
elections as well as of all meetings of
stockholders, except for the purpose of
liquidation or dissolution or as otherwise
required by law, fifteen days notice shall
be given by mailing to each stakeholder
who appears as such on the books of this
corporation at his last designated ad-
dress, or care of general delivery at New
Orleans il he has not designated an ad-
dress, notice stating the time and place
of the meeting. Each shareholder shall
be entitled to one vote for each share OF
stock standing in his name on the books
OF this corporation, TO be cast in person
or by proxy, and a majority of the votes
cast shall elect. Failure to elect direc-
tors on the day above specified shall not
dissolve this corporation, but the direc-
tors then in office shall remain in office
until their SUCCESSORS are elected and
qualified. Due notice of another election
shall forthwith be given as above pro-
yided for, and such notices of election
shall be continued to be given until an
election is had.
ARTICLE VII.-At its first meeting.
each board of directors shall elect from
Its membership a president. a vice preSi-
dent and secretary and shall.
from time to time as il sees fit, appoint
or employ such other employees as il shall
deem necessary. The board OF directors
shall have full power and authority to
fix the salaries of all Officers and of all
such other employees as il may deem nee
essary, and to make and establish, as well
as TO alter aud amend all bylaws. rules
and regulations necessary and proper for
the conduct and mana cement OF the bust
ness and affairs of this corporation not
inconsistent with this charter; it shall
also have full power and authority to do
all acts and things reasonably necessary
for the proper carrying on of the bust
ness of this corporation. and to carry
out the objects and purposes for which
this corporation is organized. including
the brrOwing of money necessary for the
ordinary business operations of this cor
pOration. and through the president or
some other duly authorized person or
persons to execute and issue therefor notes
or other obligations Of this corporation
on such terms as in its judgment may be
advantageous: ii shall also have full
power and authority 10 issue and deliver
full paid shares of stock of this corpora
ton for money. labor. services, property
or rights actually received by this cor
poratiOn, and to fill all vacancies that may
occur in its membership. \ majority of
the directors present either in person or
by proxy shall constitute quorum for the
transaction of any business. and at any
meeting of the board any director absent
therefrOm may be represented by proxy.
ARTICLE VIII.-Until the first annual
election for directors to he held under
this charter, or until their duly qualified
l
board of directors of this corporation shall
be composed of: William ID. Naples.
whose post office address is Oklahoma
CITY, Oklahoma; William T. Naples, whose
post office address is Altus, Oklahoma
and Joseph +. Simpson. Thomas III. Ken
dali and Irving X. Saal, the post office
addresses of all of whom are New Or
leans, La, with William ID. Naples as
President. William t. Naples as Vice
President, and Joseph F. Simpson as Sec
rotary Treasurer.
| ARTICLE IX.-This charter may be
| amended and the capital stock of this
| corporation may be increased or decreased
in the method and manner provided by
| law as now or hereafter in force.
/ ARTICLE X-This corporation may be
dissolved and the liquidation of its af
| fairs required by the affirmative vote OF
| forty nine (49) per cent. of the outstand-
! ing capital stock at a meeting specially
called for that purpose, but, except by
| the unamous consent of all outstanding
stock, the period fixed for the liquidation
Of this corporations affairs shall not be
less than one hundred and twenty Q2O)
days from the date the liquidators are
appointed.
ARTICLE XI-No stakeholder of thi:
corporation shall ever be held liable oil
responsible for the contracts or fault!
Of this corporation in any further sun
than the unpaid balance on the stock fol
which he has subscribed, nor shall AM
mere informality in organization have TIT
4 exposing stakeholder to any liabilit!
other than as above provided.
Thus done and passed in my office a
the City of New Orleans. La on the day
month and year first above written. IL
the presence Of Joseph L. Hart and Chlo
Gallmann, competent witnesses, who here
unto sign their names with said ap
bearers and me, Notary, after due read
ing Of the whole.
Original Signed)
W. ID. Naples. Oklahoma City, Oklahoma
: 4S9 shares ; W. T. Naples. per w. u
! Naples, Altus, Oklahoma; 1 share; j.
, Simpson, New Orleans, La. JOS shares
! T.. III. Kendall. per J. +. Simpson. Ne'
, Orleans. La, 1 share; Irving X. Saal, NeN
Orleans, La, 1 share.
Witnesses: Joseph L. Hart, Chloe Gal
|. mann.
r. Fl. SAAL.
, Notary Publt
/, the undersigned Recorder of Nor
cages, in and for the Parish of Orleans
Z State of Louisiana. do hereby certify this
the above and foregoing Act of IncOrpori
. ton of the W. u. Naples, Co.. Inc, wa
7 this day recorded in my office in Boo
d ROBERT SCOTT,
Deputy Recorde
: New Orleans, Jan. 9th, 1922.
+ A true and correct copy of the origina
: New Orleans, La, January 18th, 1872
r. H. SAAL.,
Q Ian. 19-Feb. %. Notary Publ