The herald., 1922-05-25
CHARTER.

poration, and generally to do any and all
business incident thereto or connected |
with the objects and purposes OF TINS |
corporation.
ARTICLE ". The capital stock is
hereby fixed at Five Thousand Dollars
| 5000 OO) to be divided into two hun
bred (20O) shares of the par value or
| Twenty Five Dollars tS25.OO) each, where
| of fifty-two per cent. $50 snail be
| subscribed and paid for before the hllnS
of these articles of incorporation. All
! stock subscribed for shall be paid for al
| cash or property received. Each share OF
| stock shall be entitled to one vote at all
| elections and meeting and entitled TO the
| same rights and privileges as any other
such share. No stock shall ne lsSutu
over and above the shares subs.'r'hcC Tor
| ut the time of the signing OF TINS act "t
| Incorporation. whether II he out III the
| IT, lance of the capital Stock herein pr"-
| ViOpd for or out Of the increase of the
Cnpital stock without first offering II
to the stockholders Of record i'll the pro
portion of their holdings as shown ny
this act of incorporation. The amount
| of the CAPITAL stock may be Increased UP
20 the amount of Twenty Five Thousand
Dollars (S25 OOOOO). No stakeholder III
| this corporation shall dispose OF his h"'d-
: ings, or any part thereof, without lrst
T offering the same 10 the corp"rall"h Il,
its book value. and the corporation SbaIl
I have ten days w.ihn NhicE 20 arce2t
r or reject said offer
No stockhOlder shall ever be held
I liable or responsible for the faults OF
= contracts Of said corporation in any
b. further sum than the unpaid baian'"
due on the shares of stock owned 10y
, him. nor shall any mere informality III
n organization have the effect OF rendering
:. | this charter null or Of exposing an!
r stakeholder to any liability beyond th'
! amount due on his stock.
4 ARTICLE V. All the corporate pow
hon han
: in and its business and affairs manager
by a Board Of Directors, consisting o
Is three go members, two % OF WHOM
" shall constitute a quorum for the trans
action of business. Any vacancy OF va
rancicS in the Board Of Directors shaI
," lac filed by the remaining directors.
" All voting power 90 the Board of Dire
tors shall he on the basis If the 81 ~
te owned by the said director tNt "ltN-t"
10 Cjol pcr cent of said stock will he neccs
n serv TO EXPRESS the will or intention "
n said Board of Directors in all ma'ter
1T of contract or respecting the manage
10 mcnt of the corporation.
De The first Board Of Directors and orr
~ GERS appointed under this charter sha
'i' hold office until the second Monday J
y January. 1923. or until their successor
are elected and qualified. and until on
or second Monday in January. 1923, the 10
I'll lowing parties shall constitute the mr.
ed Board of Directors of the corporate
O.
l.: Correa and Amado II. Gutierrez VII
Nv Alfredo Rlanco as President. Fernand
'r- patron Correa as Vice-President. an
he Amado r. Gutierrez as Secretar!
ln Treasurer.
IL Failure TO elect directors on the Ga
above specified shall not dissolve the 60
ST poration hut the directors then In ON
20 shall remain in office until their su
ne cessors are elected and quallhed.
of ARTICLE VI. All notices OF Mor
ire holders or Board of Directors meetlhs
rst including the annual meeting proVld'
IL for herein shall he held after tweht
ew four (2p hours written notice shall ma
re, been mailed by the Secretary to ga
IA, stakeholder at his last known place
residence and at all stockholders NEE
in IrCs a majority of the stock represent
av. nv nr,xy or otherwise shall control.
rit- ARTICLE VII. This charter may
er- amended or the corporation may pe -
md solved and liquidated by fifty two I.
ned per cent vote of the capital stock
me, nearing on the books Of the comfan
ole. and. in case Of liquidation. the Board
% directors then in office shall hquld;
mp the corporation "a.
Thus done and passed AT my 0ince
IN. CITY OF New Orleans on the d:
manth and year herein first above WI
tee. in the presence Of August Fl. R1t
and Miss Amelia Babin. competent
c. nesses who hereunto sign their nan
Drt- with the said appearers ana me 80
tify hearers subscribing for the amount
OF stock set opposite their respective nan
July Names Of incorporators. together "
26s, tbeir addresses and shares subscrit
for by each Of them)
Witnesses:
A. II. RITTER,
J. NJ. QUINTERO.
Notary Publ
ic. 7. the undersigned Recorder OF NJ
cages in and for the Parish OF orie,
. state Of Louisiana. do hereby certify
the above and foregoing act OF In.
B. noration Of the Ell HERALDO MI
CANTIL PUBLISHING co. INC:
80 this day duly recorded in my o1nce
OF New Orleans, La, Anril Is. ~;
this ROBT. SCOTT.
pr; by. Re
sand ,o,r
the tSaan f' J. NJ oUINTERO.
or Notary Publ
hT Apr. 27-June1